Cuban’s Mavericks Sale Began With Talks About Dallas Casino (2)

Mark Cuban’s discussions to sell a majority stake in his Mavericks NBA team to Las Vegas Sands Corp.’s Adelson family began with talks to build a casino and arena complex in Dallas.

Sands management sees benefits in owning a team and casino in the same city, since both involve large developments and attracting crowds, according to a person familiar with the company’s thinking.

The Adelson family confirmed Wednesday that they were buying a majority stake in the team, targeting an end-of-year closing, subject to approval by the league’s board of governors.

“We believe that with this partnership and ...