![]() ![]() The state legislature only meets in regular session every other year, meaning 2025 will be the next time legislation clearing the way for a referendum could be introduced. ![]() What does this mean for the prospects of legalized sports betting in Texas?įor now, probably not much. With the Adelsons in as owner of the Mavericks and Tilman Fertitta (owner of the Golden Nugget chain) in his seventh season as owner of the Rockets, maybe that improves the chances of Texas legislators allowing voters to decide whether to change the state’s constitution to allow for casinos - or at least a handful of carefully placed resort casinos. Cuban has positioned that as a tourism play, rather than simply a gambling play, a distinction that he sees as significant. The Adelsons are banking on ownership of the team helping their chances of developing a destination casino resort in the Dallas metroplex, with a new arena for the Mavs as an anchor. But he’s out as controller of the franchise’s fate as it approaches critical decisions on the business front in the coming years - most notably, where it will go when its lease at American Airlines Center expires in 2031. He loves the basketball side and likely will remain engaged there for as long as the Adelson family will have him. Because the first image that came to mind this week when the story broke that Mark Cuban was selling a majority of the Mavericks to the family that owns the Las Vegas Sands casino chain was of Cuban saying, "And for those reasons, I’m out." ![]() Maybe I’ve watched too many "Shark Tank" episodes. ![]()
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