The sale of the Mavericks to the owner of the Las Vegas Sands would bring to the forefront an idea that has been floating around for years.
ARLINGTON, TEXAS — Editor's note: This article was originally published as Click here for Dallas Business Journal.
Mark Cuban's decision to sell a majority stake in the Dallas Mavericks to a family that runs a casino corporation has brought his long-held ideas to the fore.
The Mavericks' owner is partnering with Las Vegas Sands, owned by casino mogul Miriam Adelson and her family, to create a destination casino in Dallas centered around the NBA team's new arena if gambling is legalized. and pitched the idea of building a resort. Texas.
“Texas is such a great state that it needs to be a destination,” Cuban told The Dallas Morning News. “And this is how to do it.”
Who else sees potential in a concept like this? The Baltimore-based developer who operates the popular Texas Live entertainment venue in Arlington, next door to the Texas Rangers' Globe Life Field; Meet David Cordish, Chairman and CEO of The Cordish Company.
“The idea of combining entertainment and mixed-use around a casino is definitely a winning formula,” Cordish said in an email when asked about the Cuban development proposal.
Cordish said he did not have enough information to comment on the specifics of Cuban's plans in Dallas, but noted similar initiatives have been successful across the country.
He previously used this method when his company developed two Hard Rock casinos with hotels in Florida, which he called two of the most successful casinos in the United States. said. His company has also developed casino and entertainment complexes in Maryland, Philadelphia and Pittsburgh, which he said have produced “remarkable and innovative” results in those areas. Ta.
Exactly where in Dallas the Cuban government would build such a project remains unclear. Dallas City Councilmember Zarin Gracie told NBC 5 it should be located next to the future redevelopment of the Dallas Convention Center, which itself is a nearly $3 billion project.
“There's no reason why we can't build a huge resort in the city of Dallas,” Cuban told the Morning News. “There are a lot of places you can do that.”
