Two multibillion-dollar resorts — both with arenas that would be capable of hosting an NBA team — are in the works for Southern Nevada. Are both of them financially viable?
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When the Adelson and Dumont families acquired a controlling interest of the Dallas Mavericks, the transaction also included an important piece of land.
The NBA Board of Governors is expected to complete the vote on the sale of a majority share in the Dallas Mavericks basketball team within a few days via email.
Vote to consider approval of Miriam Adelson’ acquisition of a majority share of the NBA’s Dallas Mavericks from billionaire Mark Cuban was scheduled to begin Wednesday.
The Dallas Mavericks played in the first NBA game on an Indian reservation when they met the Phoenix Suns in Kykotsmovi, Arizona, in 1986.
Company officials would not say what the land could be used for, but it’s large enough for an integrated resort-casino with a new NBA-ready arena.
The stock sale provides the funds necessary for Dr. Miriam Adelson to acquire a majority stake of the NBA’s Dallas Mavericks.
With Sands shareholder Miriam Adelson near to completing the sale of $2B in stock to buy a majority interest in the Dallas Mavericks, a role in the Oak View project has been dismissed.
“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.