Casino magnate to buy majority share of NBA’s Dallas Mavericks from Mark Cuban, reports say

Posted on AllSides November 28th, 2023
From The Left

The owner of a casino empire is preparing to buy a majority share of the NBA’s Dallas Mavericks franchise from billionaire businessman Mark Cuban, according to multiple media reports. The reports come as Las Vegas Sands Corp. informed the Securities and Exchange Commission Tuesday that Dr. Miriam Adelson, the company’s majority shareholder, and the Adelson family trust plans to sell $2 billion of Sands stock “to fund the purchase of a majority interest in a professional sports franchise.” The Las Vegas Sands Corp., headquartered in Nevada, owns casinos in Macao...

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