“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.
“It makes a bunch of sense,” LVCVA president and CEO Steve Hill said. “If you go out there now, traffic is better than it was before we built all this and that bridge is a big part of that.”
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