Lee,, yes you're right. Also, the NBA, and NFL, etc. do not allow anybody with gaming interests to have any ownership in a team. Kirk Kerkorian , MGM, was interested in buying a pro team also, and the gaming board indicated that it would be difficult to do.
I was wondering about that myself, but I heard that he might be able to convince the gaming board for an exemption. The sports books also, can't take bets on any LV teams. But who knows, with the draw a Pro Team might bring , they may change their rules to accommodate.