Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, a person with knowledge of the talks said Tuesday night.
Miriam Adelson is the controlling shareholder of Las Vegas Sands Corp., a publicly traded Las Vegas company that built the Venetian and Palazzo resorts but now only has casino operations in Macau and Singapore.
Sheldon Adelson, the billionaire founder and owner of Las Vegas Sands, died in 2021 at 87.
The family also owns Nevada’s largest newspaper, the Las Vegas Review-Journal.
___Associated Press writer Ken Ritter in Las Vegas contributed to this report.
Persons:
Mark Cuban, Marc Stein, Miriam Adelson, Sheldon Adelson, Cuban, Dallas, Dirk Nowitzki, Adelson, Ken Ritter, ___
Organizations:
Dallas Mavericks, NBA, Vegas Sands, Associated Press, Cuban, Sands, Mavericks, Las Vegas Sands Corp, Las Vegas, Securities and Exchange Commission, Miriam Adelson Trust, SEC, league’s, Governors, Republican, doesn't, Indiana University
Locations:
Texas, Las, Macau, Singapore, Las Vegas Sands, Cuban, Dallas, Las Vegas