Dallas Mavericks owner Mark Cuban is selling a majority share of the team to Miriam Adelson, owner of Las Vegas Sands, in what could be the turning of the page in Texas’ gambling history.
Cuban previously spoke of moving the Mavericks to a brand-new arena inside a casino-resort. The problem has been that Texas only recognizes casino gambling at three tribal locations and is one of 12 states that are still yet to legalize sports betting.
Dallas’ longtime owner will keep hold of a minority stake and will still have heavy influence on final decisions involving the team. And on top of that, he may have found the casino partner he needed to create major change.