12/8/2023 0 Comments Casino or casino or gambling![]() The Republican-controlled Legislature doesn't meet in regular session again until 2025.Ĭuban isn't likely to disappear from the spotlight since he will retain control of basketball operations. Supporters of legalized gambling in Texas hoped to get a constitutional amendment to voters during the most recent session, but the measure didn't get far in the legislative process. The vetting process for new owners in the NBA typically takes at least several weeks, and then approval must be granted by the league's Board of Governors.Ĭuban also said late last year he wanted to build a new arena in downtown Dallas that would also be a casino resort, if Texas does legalize gambling. subject to customary league approvals," the company said in the SEC filing. "We have been advised by the selling stockholders that they currently intend to use the net proceeds from this offering, along with additional cash on hand, to fund the purchase of a majority interest in a professional sports franchise. ![]() The family also owns Nevada's largest newspaper, the Las Vegas Review-Journal. The 78-year-old Adelson, who is a medical doctor, will retain 51.3% of company shares following the sale, according to the filing. ![]() ![]() If the entirety of the $2 billion goes toward the purchase, it would mean Adelson could be acquiring at least 57% of the NBA team - based on the $3.5 billion valuation. ![]()
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