Miriam Adelson NBA-team purchase originally aimed at Texas casino and arena

Miriam Adelson and her family’s disposal of some $2 billion in Las Vegas Sands stock is aimed at a purchase agreement for the NBA-team, the Dallas Mavericks, but conversations began with talks to build a casino and arena complex in the Texas city.

According to Bloomberg, the company’s management saw benefits in owning both a team and a casino in the same city.
The Adelson family confirmed the purchase of a majority stake in the team on Wednesday, aiming to close the deal by year-end.
The purchase comes despite difficulties in trying to pass casino legislation in the state of Texas, which Sands has been attempting for years.

Las Vegas Sands Latest news Share disposals Miriam Adelson

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