Miriam Adelson, the influential publisher and political figure, is set to become the majority shareholder of Las Vegas Sands Corp. after a $3.5 billion deal to buy the Dallas Mavericks. This move would mark her as one of the few female owners of a U.S. professional sports franchise. Her net worth, estimated at $32 billion, places her among the wealthiest individuals globally.
Following the death of her husband, Sheldon Adelson, in 2021, Miriam Adelson is continuing the legacy of the Las Vegas Sands empire. The company recently sold significant assets, including the Venetian and Palazzo resorts, focusing on its casino operations abroad.
The Adelsons were prominent Republican donors, supporting former President Donald Trump and receiving the Presidential Medal of Freedom in 2018. Miriam Adelson’s impact extended to Trump’s decisions, including pardons.
Media Ownership and International Presence
The Adelson family’s influence extends to media ownership, including the Las Vegas Review-Journal and Israel Hayom. Las Vegas Sands operates casinos internationally, with properties in Macau and Singapore.
Miriam Adelson’s recent opinion column in Israel Hayom expressed a strong stance against supporters of Hamas, reflecting her active engagement in geopolitical issues.
The potential approval of the NBA board of governors is the final hurdle for the Mavericks deal. Miriam Adelson’s ownership could bring a new dynamic to the NBA, with her son-in-law, Patrick Dumont, also playing a key role.
Mavericks’ Future and Las Vegas Ventures
While the move of the Mavericks to Las Vegas seems unlikely, owner Mark Cuban retains control over basketball operations in Dallas. Cuban has expressed interest in collaborating with Las Vegas Sands for a casino and sports arena complex.
In conclusion, Miriam Adelson’s $3.5 billion move not only reshapes ownership in the NBA but also highlights her commitment to philanthropy, political influence, and international business ventures.
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