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    Sports news

    Mark Cuban working on sale of Dallas Mavericks to Las Vegas casino family

    Associated Press
    Nov 29, 2023 | 12:15 pm
    Mark Cuban

    Mark Cuban has owned the Mavs since 2000.

    Photo by Tim Heitman/Getty Images

    Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, a person with knowledge of the talks said Tuesday night.

    The agreement would be in the valuation range of $3.5 billion and take weeks for the league to process, according to the person, who spoke to The Associated Press on condition of anonymity because details weren't being made public.

    Cuban would retain control of basketball operations in the deal. NBA reporter Marc Stein was the first to report the potential sale.

    The company controlled by Miriam Adelson, widow of casino magnate Sheldon Adelson, announced earlier Tuesday it was selling $2 billion of her shares to buy an unspecified professional sports team.

    Cuban said almost a year ago he was interested in partnering with Sands. He has been a proponent of legalizing gambling in Texas, an issue that didn't make it out of the state Legislature in a biennial session that ended earlier this year.

    The 65-year-old Cuban, who just announced he was leaving the popular business TV program Shark Tank after a 16th season next year, rose to fame quickly after buying the Mavericks in 2000.

    Dallas was one of the worst franchises in pro sports in the 1990s, but turned into one of the best under Cuban, with a lot of help from star forward Dirk Nowitzki.

    Miriam Adelson is the controlling shareholder of Las Vegas Sands Corp., a publicly traded Las Vegas company that built the Venetian and Palazzo resorts but now only has casino operations in Macau and Singapore. Sheldon Adelson, the billionaire founder and owner of Las Vegas Sands, died in 2021 at 87.

    The company revealed the sale of $2 billion in stock in a filing with the Securities and Exchange Commission. The filing identified Adelson and the Miriam Adelson Trust as sellers but didn't specify a team, league or location.

    If the entirety of the $2 billion goes toward the purchase, it would mean Adelson could be acquiring at least 57% of the NBA team — based on the $3.5 billion valuation.

    The 78-year-old Adelson, who is a medical doctor, will retain 51.3% of company shares following the sale, according to the filing. The family also owns Nevada’s largest newspaper, the Las Vegas Review-Journal.

    “We have been advised by the selling stockholders that they currently intend to use the net proceeds from this offering, along with additional cash on hand, to fund the purchase of a majority interest in a professional sports franchise ... subject to customary league approvals,” the company said in the SEC filing.

    The vetting process for new owners in the NBA typically takes at least several weeks, and then approval must be granted by the league’s Board of Governors.

    Cuban also said late last year he wanted to build a new arena in downtown Dallas that would also be a casino resort, if Texas does legalize gambling.

    Supporters of legalized gambling in Texas hoped to get a constitutional amendment to voters during the most recent session, but the measure didn't get far in the legislative process. The Republican-controlled Legislature doesn't meet in regular session again until 2025.

    Cuban isn't likely to disappear from the spotlight since he will retain control of basketball operations. In fact, efforts to legalize gambling in Texas could end up raising the profile of a billionaire who has been highly visible in sports, business and finance for nearly 25 years.

    A self-professed basketball junkie who graduated from Indiana University, Cuban is almost always courtside for Mavericks games. He has always been outspoken, too, compiling millions in fines as owner. Many of his tirades were directed at officials.

    ---

    Associated Press writer Ken Ritter in Las Vegas contributed to this report.

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    Pestilence News

    New invasive pest in Texas is destroying grasses and pasture

    Teresa Gubbins
    Dec 12, 2025 | 10:14 am
    Mealyworm
    TAMU
    Mealyworm is small but damaging.

    Texas Agriculture Commissioner Sid Miller has issued an urgent alert to farmers to inspect their pastures for a newly detected and highly damaging pest: the pasture mealybug (Helicococcus summervillei).

    According to a release from the Department of Agriculture (TDA), this invasive species, never before reported in North America, has been confirmed in multiple Texas counties and is already causing significant damage to pasture acreage across the southeast portion of the state.

    The pasture mealybug causes “pasture dieback,” leaving expanding patches of yellowing, weakened, and ultimately dead turf.

    This pest was first detected in Australia in 1928; its first detection in the Western Hemisphere occurred in the Caribbean between 2019 and 2020.

    The TDA is working with Texas A&M AgriLife Extension and USDA’s Animal and Plant Health Inspection Service (APHIS) to coordinate a rapid response and protect Texas producers.

    Mealybug history
    Although the mealybug is just now being spotted, researchers suspect it may have been introduced before 2022.

    Since mid-April 2025, southern Texas pasture and hay producers have been reporting problems in their fields. These fields show grass patches becoming brown or necrotic, or patches that are completely dead. Originally, it was presumed that symptoms were caused by another mealybug called the Rhodes grass mealybug, which has been reported in the U.S. since 1942. However, further investigations confirm that it's this new pasture mealybug (Heliococcus summervillei).

    It has devastated millions of acres of grazing land in Australia and has since spread globally. Its rapid reproduction, hidden soil-level feeding, and broad host range make it a significant threat to pasture health and livestock operations.

    Mealybug MealybugTAMU

    Adult females are approximately 2-5 mm long, covered in a white, waxy coating. They are capable of producing nearly 100 offspring within 24 hours, resulting in several generations per season. While adult females can live for up to 100 days, most damage is inflicted by the youngest nymphs, which feed on plant sap and inject toxic saliva that causes grass to yellow, weaken, and die.

    “This is a completely new pest to our continent, and Texas is once again on the front lines,” Commissioner Miller says. “If the pasture mealybug spreads across Texas grazing lands like it has in eastern Australia, it could cost Texas agriculture dearly in lost productivity and reduced livestock capacity. TDA is working hand-in-hand with federal and university partners to respond swiftly and protect our producers from this unprecedented threat.”

    Houston has a problem
    The estimated impact area currently covers 20 counties, primarily in the Houston area, including: Cameron, Hidalgo, Willacy, Refugio, Calhoun, Victoria, Goliad, Dewitt, Lavaca, Fayette, Jackson, Matagorda, Brazoria, Galveston, Wharton, Colorado, Austin, Washington, Burleson, Brazos, and Robertson. AgriLife entomologists have submitted a formal Pest Incident Worksheet documenting significant damage to pastures and hayfields in Victoria County.

    Research trials are underway to determine the best integrated pest management options. Currently, there is no known effective labeled insecticide for pasture mealybug.

    Affected plants include: Bermudagrass, Bahia grass, Johnsongrass, hay grazer (sorghum–sudangrass), St. Augustine grass, various bluestem species, and other tropical or subtropical grasses. Damage can occur in leaves, stems, and roots.

    Symptoms:


    • Yellowing and discoloration of leaves within a week of infestation
    • Purpling or reddening of foliage
    • Stunted growth and drought stress despite rainfall
    • Poorly developed root systems
    • Dieback starting at leaf tips and progressing downward
    • Premature aging, making plants more vulnerable to pathogens
    How to spot it
    • Scout regularly for mealybugs on grass leaves, stems, soil surface, leaf litter, and under cow patties
    • Focus on unmanaged areas such as fence lines, ungrazed patches, and roadsides
    • Look for fluffy, white, waxy, or “fuzzy” insects on blades and stems
    • If plants appear unhealthy and insects match this description, investigate further

    “Early identification is critical, and we need every producer’s eyes on the ground,” Commissioner Miller added. “We are working diligently with our federal and state partners to determine how to best combat this novel threat and stop it in its tracks.”

    If you observe suspicious symptoms or insects matching the descriptions above, contact TDA at 1-800-TELL-TDA immediately.

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