“That’s a problem and I think resort gaming would have a huge impact.” “There’s no real destination that you save up for,” he said. “When you think of all the places you want to save up to vacation, Texas isn’t one of them,” Cuban said, according to a Morning News report. In a more recent public appearance, Cuban reiterated the need for gaming in Texas. Sands did not disclose terms of the land sale agreement, but Dallas County tax records list the property’s value at $22.4 million.Ĭuban told the Dallas Morning News last year that he is interested in partnering with Sands for a new arena within a casino-resort. The Texas Legislature next meets in 2025.Ĭuban is expected to continue with the team as head of basketball operations, while Adelson’s son-in-law, Sands President and Chief Operating Officer Patrick Dumont, would join the Board of Governors as the Mavericks’ representative. Sands has lobbied Texas lawmakers for years to win approval of casino gambling in the Lone Star State. The Mavericks and the NHL’s Dallas Stars share the arena. The team is committed to playing through 2030 in American Airlines Center, which in April underwent $18.5 million in upgrades to seats and video boards.

There’s plenty of time for the Mavericks to find a new home. 20 target date for approving the team’s sale. The Adelson family, not Sands, has invested in the basketball team. Miriam Adelson, Sands’ controlling shareholder, sold $2 billion in Sands stock to finance the purchase of a majority stake in the Mavericks from Dallas billionaire entrepreneur Mark Cuban. “The company has long shown its interest in Texas, and Dallas-Fort Worth specifically, and may make additional real estate investments in the future,” the Sands spokesman said.

Company officials would not say what the land could be used for, but it’s large enough for an integrated resort-casino with a new arena for the NBA’s Dallas Mavericks - if casinos one day are legalized in Texas. in July acquired 108 acres in Irving, Texas, near stadiums where the Texas Rangers and Dallas Cowboys play in Arlington.Ī Sands spokesman confirmed that a Sands subsidiary, Village Walk RE 2 LLC, bought the land near the former site of Texas Stadium where the Cowboys played before moving into AT&T Stadium in 2009. (Chase Stevens/Las Vegas Review-Journal) Vegas Sands Corp.

Chairman and CEO Sheldon Adelson during the Adelson Educational Campus' 13th annual In Pursuit of Excellence Gala at The Venetian hotel-casino in Las Vegas on Sunday, March 26, 2017. Entrepreneur Mark Cuban, center, poses with Dr.

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