When the Adelson and Dumont families acquired a controlling interest of the Dallas Mavericks, the transaction also included an important piece of land.
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The stock sale provides the funds necessary for Dr. Miriam Adelson to acquire a majority stake of the NBA’s Dallas Mavericks.
“The families are targeting a closing of the transaction by year-end, subject to the satisfaction of customary closing conditions and approval of the NBA Board of Governors,” said a statement released by the Adelson and Dumont families.
According to the SEC filing, Dr. Miriam Adelson is buying a majority interest in the NBA team, which is owned by billionaire Mark Cuban.
The NBA’s first-ever in-season tournament finals and semifinals will be played at T-Mobile Arena and the LVCVA has stepped up to sponsor.
Oak View Group’s planned 2,000-room resort and 20,000-seat NBA-ready arena on the south Strip are scheduled for a groundbreaking next year and an expected opening in 2026.
Randy Morton, the former co-CEO of Foley Entertainment Group and longtime Bellagio executive, joins former Raiders President Marc Badain at new south Strip project.
You think the Las Vegas March Madness experience can’t get any better? Wait until the city begins hosting tournament games at T-Mobile Arena and Allegiant Stadium.
The annual NCAA college basketball “March Madness” tournament won’t have any games in Las Vegas, but that doesn’t stop thousands from coming to watch and bet on games.
Resort-casinos across the Las Vegas Valley are seeing room rates soar this weekend, with some hitting prices not seen in months.