The sports activities world was left surprised earlier this week when it was revealed that Mark Cuban was promoting a majority stake in his beloved Dallas Mavericks. Now we’ve a greater concept why he’s doing so.
For Cuban, this might not be about elevating cash for a political run, however as an alternative about bringing to life his imaginative and prescient for a brand new Mavericks house enviornment, coupled with legalized sports activities betting in Texas.
Cuban had advised the Dallas Morning Information final 12 months that he envisioned a brand new enviornment for the Mavericks that was located between a resort and on line casino. He had stated again then that he was aiming to companion with the Sands Company, which is the on line casino group owned by the Adelson household (who purchased the bulk share within the group).
“My objective, and we’d companion with Sands, is after we construct a brand new enviornment it’ll be in the course of a resort and on line casino. That’s the mission,” Cuban stated.
“Texas is such a tremendous state that we have to be a vacation spot. And that is the way in which to do it. And partnering with the Sands Company, actually there’s no motive why we will’t construct an enormous resort vacation spot within the metropolis correct of Dallas. There’s loads of locations to do it.”
The legality of wagering on sports activities is decided on a state-by-state foundation. Texas is among the largest states the place betting on sports activities continues to be unlawful. There are three tribal casinos within the state, however no legalized sports activities wagering or resort-style playing.
The Adelson household, which has historically been large donors to the GOP (which has majority management in Texas), has lobbied for the legalization of each sports activities wagering and resort-style wagering. Now, they and Cuban will probably be united of their efforts to make each legalized. The Sands may also have entry to the money wanted to assist construct any potential resort and on line casino if their legalization efforts undergo.
