LAS VEGAS — Las Vegas Sands Corp. President and Chief Operating Officer Patrick Dumont spoke publicly about the sale of the Dallas Mavericks to the Adelson family Monday during the corporation's quarterly investor call.
Dumont is the son-in-law of Miriam Adelson, the casino magnate whose family purchased the Dallas NBA team last month. Along with the sale, Dumont was installed as Mavericks governor.
Asked about the corporation's interest in Texas, Dumont said they think it's a great market.
"I think the most important thing is that Las Vegas Sands is actively trying to facilitate the development of integrated resorts in the State of Texas and through the liberalization of gaming," Dumont said during the call. "Over time, we hope that it happens. I can’t tell you when it’s going to be, but we’re very focused on it as a company, and we like the opportunity to develop some very unique tourism assets, specifically in Dallas."
Dumont said the Adelson family is happy with their investment and looks to be part of the business community there.
Las Vegas Sands Corp. reported a net revenue of $2.92 billion and a net income of $469 million for the fourth quarter of 2023.
"We were extremely pleased with our financial and operating results for the quarter, which reflect the ongoing improvement in the operating environment in both Macao and Singapore. We remain deeply enthusiastic about our opportunities for growth in both Macao and Singapore in the years ahead," said Robert G. Goldstein, chairman and chief executive officer, in a statement.
