Miriam Adelson and her family’s disposal of some $2 billion in Las Vegas Sands stock is aimed at a purchase agreement for the NBA-team, the Dallas Mavericks, but conversations began with talks to build a casino and arena complex in the Texas city.
According to Bloomberg, the company’s management saw benefits in owning both a team and a casino in the same city.
The Adelson family confirmed the purchase of a majority stake in the team on Wednesday, aiming to close the deal by year-end.
The purchase comes despite difficulties in trying to pass casino legislation in the state of Texas, which Sands has been attempting for years.
