Patrick Dumont understands a few aspects of managing the globe's largest casino corporation. He’s wagering significantly that his business acumen can translate to managing an NBA team. 

Dumont, who wedded into the Adelson family that oversees the Las Vegas Sands empire, a gaming company valued at over $31 billion, presently holds the position of president and chief operating officer of the owner of Marina Bay Sands. Together with his mother-in-law, Dr. Miriam Adelson, who has a net worth exceeding $30 billion—a wealth she received from her deceased husband, Sheldon Adelson—Dumont acquired a 69% share in the Dallas Mavericks from Mark Cuban in December 2023. 

In early February, the Mavs stunned the basketball community by sending Luka Doncic to the Los Angeles Lakers in exchange for Anthony Davis. NBA insiders mostly criticized the trade, stating that LA received the more favorable outcome. 

Dumont has since been on guard. The executive from Sands attempted to clarify the decision at a recent event organized by The Real Estate Council in Dallas.

"Tough decisions are never easy. Part of leadership is looking at risk and the factors of the decision and be willing to act at that time. It’s about looking to the long term and not only thinking about the short term, or how it may be received immediately,” Dumont said.

Dumont noted that the Mavs' defeat in last year's NBA Finals created a necessity for transformation. The shift occurred on Saturday, February 1, when Dumont and Adelson let go of the face of their franchise. 

‘Squad for the Future’ 

Dumont stated that numerous elite teams in the NBA improved during the last offseason, whereas the Mavs remained mostly unchanged.

"We got to the championship games and we didn’t win. We had to decide how we get better — how we improve our team. We looked at our trajectory during the season and realized we did not get better. This was a decision about the future,” Dumont declared.

“The objective was, how do we create a roster for the future that allows us to be the most competitive team?” Dumont continued. “We want to win championships. We want to be a winning franchise, one of character, one of community involvement, and one that carries on the legacy of the Dallas Mavericks.”

The Doncic trade hasn’t quite achieved that goal. The Mavs' championship chances have surged from 20/1 prior to trading Doncic to 2000/1 at the moment. At 33-34, Dallas is holding onto the last playoff position in the Western Conference. 

Upcoming Sands CEO 

Next year, Dumont will take over as chief executive officer of Sands when Robert Goldstein steps down. Goldstein has spent thirty years at Sands and was among Adelson’s closest consultants while the company developed the Cotai Strip in Macau, China. 

In 2009, Dumont wedded Sivan Ochshorn, a daughter of Miriam from her previous marriage. Dumont became acquainted with the heir of the billionaire family through advancing in the Sands corporation later on. He was named chief financial officer in 2016. 

Ochshorn’s main occupation is managing Israeli Hayom, the Israeli newspaper bought by the Adelsons in 2018. The Adelsons additionally possess the Las Vegas Review-Journal.