Mark Cuban Still Wants DFW Casino, Says He’d Partner with Sands

Posted on: November 6, 2023, 03:48h. 

Last updated on: November 6, 2023, 03:48h.

Dallas Mavericks owner Mark Cuban reiterated his view that Dallas-Fort Worth would be an ideal market for a casino resort while urging Texas lawmakers to reconsider their views on casino gaming.

In remarks made at Chase’s Make Your Move Summit in Frisco, Texas last week, the “Shark Tank” star said a casino hotel would boost Texas’ lagging tourism industry. Unlike California and Florida, both of which has thousands of square miles of beaches and Disney theme parks, Texas has no such amenities in terms of attracting leisure travelers.

When you think of all the places you want to save up to vacation, Texas isn’t one of them,” Cuban said at the conference. “There’s no real destination that you save up for. That’s a problem and I think resort gaming would have a huge impact.”

Cuban previously said he’d like to make a new arena for his NBA franchise a centerpiece of an integrated resort in the Dallas-Fort Worth area — the second-largest metro region in Texas.

Politics Problematic for Texas Casinos

Gaming industry leaders and other owner of Texas professional sports teams view casinos in the state as  long shots and that thesis was confirmed in the most recent legislative.

Policymakers there that want to bring casino gaming to life face a tough road because they’d need to amend the state’s constitution, which requires a two-thirds majority in both houses. Should that happen, the matter would be put to voters in the next election. Various polls indicate voters in the state favor the addition of gaming venues.

The deaths of casino and sports betting legislation are among the Texas legislature’s list of failures in the most recent session, which also include the Republican-controlled though left-leaning state House not passing bills pertaining to school choice as well as legislation aimed at preventing Chinese investors from acquiring Texas land and efforts to bolster election security.

Cuban Wants to Partner with Las Vegas Sands

Cuban previously stated that he’d like to work with Las Vegas Sands, the largest gaming company by market value, on a Dallas-Fort Worth integrated resort. The company supports bringing casino gaming to the second-largest state and has made millions of dollars in political contributions to that effect.

Sands currently has no domestic venues in its portfolios, though it’s viewed as one of the leaders in the race to land one of three New York City-area casino permits. For his part, Cuban has also been a backer of bringing regulated mobile sports betting to the Lone Star state.

“It’s a great sports town,” Cuban said of Dallas at the Chase conference. “People get excited about sports here, and it’s a good thing.”

Source: casino.org