Mark Cuban's $3.5 billion sale of a majority stake in Dallas Mavericks to a casino magnate's widow wins NBA approval
Posted on AllSides December 27th, 2023
From The Center
The NBA approved Mark Cuban’s sale of a majority stake in the Dallas Mavericks to the family of Miriam Adelson, the controlling shareholder of Las Vegas Sands. The $3.5 billion deal won clearance Wednesday from the basketball league’s Board of Governors and is expected to close this week, according to a statement. Cuban will keep a minority stake. The approval puts Adelson, the widow of casino magnate Sheldon Adelson, and Las Vegas Sands a step closer to their goal of eventually building a casino and arena complex in Dallas. Sands...
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