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 NBA Board of Governors approved Mark Cuban’s deal to sell a 70 percent stake in the Dallas Mavericks to the Adelson and Dumont families.
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.
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.
A few thousand visitors dived into March Madness in the Stadium Swim area inside the Circa in downtown Las Vegas on Friday.