The well-known billionaire claims that this is the reason he gave two families with deep connections to the hotel and casino industries his full ownership of the Dallas Mavericks.

The Adelson and Dumont families, who own Las Vegas Sands Corp., will acquire a majority stake in the Mavericks from Cuba, according to NBA approval on Wednesday.

Less than a month had passed since Patrick Dumont, Sivan, and Miriam Adelson declared their intention to purchase the team before the deal was authorized. The acquisition is valued between $3.5 billion and $3.5 billion.

The Mavericks governor will be Patrick Dumont, the son-in-law of Adelson and the president and chief operating officer of Las Vegas Sands.Adelson is the widow of Sheldon Adelson, a casino billionaire.

With a 27% ownership in the team, Cuban will serve as the club’s alternate governor and continue to oversee basketball operations. He stated unequivocally that the team had no intention of leaving Dallas.

The key is where and what you can create, and you need an expert in both areas, according to Cuban, who made this statement prior to the Mavs’ Wednesday night game against Cleveland. “When it comes to their craft, Patrick and Miriam are the greatest in the world. globally, as in literally.

It’s a major victory when you find a top-tier partner that can expand your cash stream and help you break free from previous obligations, according to Cuban.

The publicly listed Las Vegas business,, Las Vegas Sands Corp., which constructed the Venetian and Palazzo resorts, is mostly owned by Miriam Adelson. As of right now, the corporation solely operates casinos in Macau and Singapore.The creator of Las Vegas Sands, Sheldon Adelson, passed away in 2021 at the age of 87.

The Adelson and Dumont families released a statement saying, “We look forward to working with Mark Cuban to expand on the team’s success and legacy in Dallas and beyond through our commitment and increased investment in the franchise.” “We want to win and build a team that is a valuable and powerful part of the local community, proudly representing the wider DFW area.”

Cuban claimed that having an understanding of technology helped him when he purchased the Mavericks in 2000. After Yahoo acquired the radio internet streaming business he co-founded, he became a billionaire.