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#2

He’s not selling the Mavs for $3.5B. He’s selling a majority stake, which translates to a total value of the team at $3.5B. 
 

Las Vegas Mavericks?

 

IMG_1479.jpeg

#3
3 minutes ago, TonyTexas said:

Las Vegas Mavericks?

Casino Dallas. Flipping Texas to casino gambling > LV move. By a factor of kajillion.

#5

Las Vegas Sands sold off its Las Vegas casinos and operations a couple years ago, I guess that doesn't preclude Mavericks moving to Vegas.  The momentum Vegas has with sports teams makes it seem like it would happen though.

#6
18 minutes ago, RPM said:

Casino Dallas. Flipping Texas to casino gambling > LV move. By a factor of kajillion.

Then all we need is legalized weed.

 

I won't be holding my breath.

#8

I didn't read that as vegas in the presser, I read that as a Casino/Resort location - vegas isn't the only place with those now especially with sports betting, but it may be one of the only ones that doesn't have an NBA team already. 

Dallas losing the mavs would be kind of insane, especially since they seem to be doing well there attendance wise

#9

Dallas isn't losing the Mavs. Good Lord. It's a top 5 market and they routinely fill that place even when they're shitty. 

#10

Cuban is hedging that casinos and sports betting is coming to Texas. He keeps talking about the Mavericks next arena (sigh as we're already talking about that for a 20 year old arena) being in casino. I believe he owns land across 35 from the American Airlines Center that's next to the Trinity River. So it will be interesting to see the Adelson gambling interests going up against the Oklahoma gambling interests to keep things as they are. 

#11

Cuban must not pay attention to politics in Texas if he thinks casino gambling or sports betting have a chance of legalization in his lifetime.

#12
7 minutes ago, royiv said:

Cuban must not pay attention to politics in Texas if he thinks casino gambling or sports betting have a chance of legalization in his lifetime.

He knows exactly, and this is how he hedges that option. Casino's and Sports betting in Texas he can benefit from his ownership position and land holdings, and if it doesn't pass he sold at a great price and can be a minority owner of the Vegas High Rollers.

#13

Between this and Cuban announcing that he's leaving Shark Tank, something is up. Not to flip this to CR but there has been rumors of a future Presidential run at some point. Feels late to be jumping into 2024 but then again who knows.

The only other aspect that I can think is that he has some huge tax loss to write off and selling his stake (most) offsets that loss. Otherwise I would guess he would be paying a fortune in capital gains on this sale.

#15
3 minutes ago, Nice Guy Eddie said:

Between this and Cuban announcing that he's leaving Shark Tank, something is up. Not to flip this to CR but there has been rumors of a future Presidential run at some point. Feels late to be jumping into 2024 but then again who knows.

The only other aspect that I can think is that he has some huge tax loss to write off and selling his stake (most) offsets that loss. Otherwise I would guess he would be paying a fortune in capital gains on this sale.

If he has aspirations of politics, getting into bed with a family as polarizing (to keep it non-CR) as the Adelsons are would be an interesting strategy.

2 minutes ago, MrBig said:

The Texas House voted in May in favor of online sports betting. They voted on a casino proposal as well. Who was the biggest lobbyist for this? The Adelsons. 

IMG_2991.thumb.jpeg.53e130af3908d0bffc81b505854cb505.jpeg

https://www.texastribune.org/2023/05/10/texas-legislature-sports-betting-casinos/

 

 

Gotta get through the Senate and that’s not going to happen any time soon.

#16
28 minutes ago, royiv said:

Cuban must not pay attention to politics in Texas if he thinks casino gambling or sports betting have a chance of legalization in his lifetime.

Yee have little faith in the power of money and corruption to influence the religious right

#18
19 minutes ago, midtown said:

Yee have little faith in the power of money and corruption to influence the religious right

Tillman Fertitta has more money than Cuban, extensive casino interests and is as corrupt as they get yet hasn’t been able to do anything about it for the last 20 years that he’s been trying. 

Edited by TonyTexas

#21
27 minutes ago, chainsaw said:

"Here's why that's terrible for the sips." - Texags

"everyern knows dat da biggest bestest casino in THE GREAT STATE a Texas will be rycheea in Collie Station.  We are the big dog."  -Festus T. Aggy 

#22
3 minutes ago, BeardIP said:

Said this in the other thread but prediction market has Cuban running for POTUS at 25% now.

Obligatory

mark-cuban-shark-tank.gif

#23

Texas would see billions of extra tax revenue if Mark Cuban and Tilman Fertitta were allowed to open casinos. Although congress would not have the mental ability to spend it wisely.

#24
1 hour ago, TonyTexas said:

Tillman Fertitta has more money than Cuban, extensive casino interests and is as corrupt as they get yet hasn’t been able to do anything about it for the last 20 years that he’s been trying. 

Once Tillman put the Nugget in Lake Charles, he has limited interest in Texas casinos as it would destroy that business.

#25
5 minutes ago, mycox said:

Texas would see billions of extra tax revenue if Mark Cuban and Tilman Fertitta were allowed to open casinos. 

Oklahoma and Louisiana gaming interests have the Texas Senate/Patrick bought off though, so it ain't happening.

We've all seen the ads they've been running for years, both the Sands ads to bring gambling here, and the OK/LA-backed ads about how it would destroy Texas.

Edited by atomheartbevo

#26
23 minutes ago, hornmpa96 said:

Once Tillman put the Nugget in Lake Charles, he has limited interest in Texas casinos as it would destroy that business.

He would gladly destroy that business in exchange for getting sports gambling at the Toyota Center and a casino in downtown Houston.

#27

Plus the prediction that gambling in new place A will ruin old gambling place B hasn’t panned out yet, but has been the claim repeatedly whenever a new area starts allowing it.

TLDR Americans have a seemingly unlimited appetite for gambling 

#29
2 hours ago, royiv said:

Cuban must not pay attention to politics in Texas if he thinks casino gambling or sports betting have a chance of legalization in his lifetime.

Steve Wynn couldn't get it done with the casino on Buffalo Bayou, nor could the Pratt family and Caesar's. But gambling (sports gambling, at least) is much more ubiquitous/mainstream than it was then.

5 minutes ago, BeardIP said:

A Cuban for President; Florida will vote 100% for him.

Miami, but not Jacksonville

#31

You have to remember that Mark Cuban did about the best top tick ever when he cashed out on broadcast.com. Maybe he sees a similar bubble in sports franchises and wanted to get some liquidity out?

 

With streaming are TV revenues for sports topping? Idk. Just a thought. 

Edited by Boss Hogg

#32

Also I don’t read much into quitting shark tank. How many times do you have to watch amateur pitches and pretend to be impressed?

#33
2 hours ago, royiv said:

He would gladly destroy that business in exchange for getting sports gambling at the Toyota Center and a casino in downtown Houston.

Astrodome

#34

He bought the Mavs in 2000 for $285 million. 3.5B valuation is an 11x in 23 years. If he gets to keep his dream job of running a NBA team but gets to cash out a majority of it, then it could be a sensible move. 

#35
3 hours ago, mycox said:

Texas would see billions of extra tax revenue if Mark Cuban and Tilman Fertitta were allowed to open casinos. Although congress would not have the mental ability to spend it wisely.

I have no idea how much extra tax revenue would be generated, although I don't see it doing much overall for New Jersey, Louisiana or Oklahoma, but putting that aside there's another problem with your statement.

#36
Tillman Fertitta has more money than Cuban, extensive casino interests and is as corrupt as they get yet hasn’t been able to do anything about it for the last 20 years that he’s been trying. 

Does Tillman really have more? I would have thought the opposite
#37
5 hours ago, royiv said:

Cuban must not pay attention to politics in Texas if he thinks casino gambling or sports betting have a chance of legalization in his lifetime.

Oh sure, because our Texas political leaders are so principled and pure.

#38
4 hours ago, mycox said:

Texas would see billions of extra tax revenue if Mark Cuban and Tilman Fertitta were allowed to open casinos. Although congress would not have the mental ability to spend it wisely.

Now imagine if those casinos sold weed. 

 

1 hour ago, Boss Hogg said:

Also I don’t read much into quitting shark tank. How many times do you have to watch amateur pitches and pretend to be impressed?

 

download (13).jpeg

#39
50 minutes ago, Updawg said:


Does Tillman really have more? I would have thought the opposite

Forbes has Cuban at $6.2B and Fertitta at $9.2B

#40
47 minutes ago, TonyTexas said:

Forbes has Cuban at $6.2B and Fertitta at $9.2B

Not to mention Fertitta has access to all the Bubba Gump he can eat.

#41

Fertita is the heir of 100 years of the galveston mob, he better have more money than the guy that played radio over the internet

#43
21 hours ago, RPM said:

Casino Dallas. Flipping Texas to casino gambling > LV move. By a factor of kajillion.

I already semi-like Cuban.  I like how he challenges shit with the league and whatnot.  If he pulls the bolded part off/ or at least gets to influence it, God bless him.

#44

cuban's hot hedging anything.  he's making a run at turning dallas into the sports betting capital of the united states.  

#45

I don't believe any of the bullshit those Shark Tank clowns claim. Here's an example of why...

Quote

The founders of The Comfy, brothers Brian and Michael Speciale, first appeared in season 9 of the show in 2017. They were originally seeking $50,000 for a 20% stake in the company.

In a Season 10 update episode the brothers shared that within five weeks of being on “Shark Tank,” they hit their first $1 million in sales and in less than a year they hit $15 million in sales.

“They made me $468 million in three years,” Corcoran said. “Nobody wanted it... I never anticipated.”

I seriously doubt that business ever generated $468M in sales, much less enough profit to return that much money to a minority investor. 

https://www.forbes.com/sites/conormurray/2022/12/23/co-creator-of-the-comfy-a-shark-tank-hit-fights-to-keep-company-afloat/?sh=1505988c7894

But she has made that claim numerous times. Its entertainment, not reality. 

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