The National Basketball League (NBA) gave the green light this week for the Dallas Mavericks to be sold to Miriam Adelson and her family. In Nov 2023, media outlets confirmed that Mavericks owner Mark Cuban was in talks with Miriam Adelson, the wife of late billionaire Sheldon Adelson to sell the Dallas Mavericks.
Sheldon Adelson was the chairman and founder of the Las Vegas Sands Corp. and after his passing his wife Miriam took over and is now the 5th richest woman in the world. She and her son in law Patrick Dumont who is the CEO and President of Las Vegas Sands Corp. will become the majority stake holders in the Dallas Mavericks after the NBA approved the $3.5 billion sale.
Cuban will continue to run operations for the Dallas Mavericks while Dumont will serve as the governor for the Mavericks.
Adelson-Cuban Will Push For Casino Legalization
Adelson and Cuban have previously pushed for the legalization of casino gambling in Texas but have not had a lot of success. Now that the Adelson family has stronger ties to Texas, the Cuban-Adelson partnership will continue to push for Texas to legalize casino gambling in 2024.