The NBA Board of Governors has approved the sale of the Dallas Mavericks from Mark Cuban to the families that control Las Vegas Sands Corp. The sale was originally announced a month ago; the families of Dr. Miriam Adelson – the wife of the late Sheldon Adelson – and Sivan and Patrick Dumont agreed to… Read more »
In stunning news out of the NBA, Mark Cuban is selling a majority stake in the Dallas Mavericks to Miriam Adelson, wife of the late Sheldon Adelson, and the Adelson family. Adelson, who is the controlling shareholder of the Las Vegas Sands Corp., is selling about $2 billion of Sands stock to fund the purchase.… Read more »
Online gaming has been a part of the lexicon for the past 25 years. The American Gaming Association (AGA), the lobbying group for the American casino market, has had several different stances regarding online gaming over that time span. In a letter to the U. S. Department of Justice last week, the AGA has once… Read more »
With the complete changeover in the federal government in Washington, D. C., many have begun to float the trial balloon that there could be changes in the way online gaming and poker are viewed by the government. Added into this fact is the recent passing of one of online gaming’s most vocal opponents, the late… Read more »
Built a fortune from scratch Sheldon Adelson, the founder of Las Vegas Sands Corporation and online poker’s top villain, died Monday at the age of 87. Adelson had been battling non-Hodgkin’s lymphoma, a form of blood cancer, since 2018. Just a few days ago, Las Vegas Sands announced that he was taking a leave of… Read more »
U.S. not a large part of Sands’ portfolio Sheldon Adelson might finally be bugging out of the United States. Well, from a business standpoint, at least. According to Bloomberg News, Adelson’s Las Vegas Sands Corp. is looking into selling its properties in Las Vegas, including the Venetian Resort, the Palazzo, and the Sands Expo Convention… Read more »
Major poker tournament schedules always have as a disclaimer “We reserve the right to amend the schedule as deemed necessary.” The World Poker Tour is putting that disclaimer into effect, but in a good way. It was announced that the WPT will be adding a stop to their schedule, a tournament at the Venetian in… Read more »
In a move that surprised some in the casino and gaming industry, American Gaming Association Chief Executive Officer Geoff Freeman has decided to step down as the head of the powerful trade organization. “The AGA accomplished many important successes during Geoff’s tenure, most notably the recent Supreme Court ruling declaring the Professional and Amateur Sports… Read more »
Although they have had the go ahead since last fall’s passage of the state budget to begin, lawmakers and gaming officials in Pennsylvania to this point haven’t done much of anything regarding opening the state for online gaming and poker. That changed earlier this week as the head of the Pennsylvania Gaming Control Board announced… Read more »
