“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.
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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 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.