“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.
Las Vegas officials delayed a public hearing on the casino-resort project after staff members recommended that the Planning Commission reject the proposal.
Downtown Las Vegas’ recovery from the COVID-19 pandemic was more resilient than other American cities, but some economists say the region will need to diversify to keep up growth.