![]() ![]() On August 18, 2011, UFC and Fox Broadcasting Company announced a seven-year, $813 million television rights deal that spanned Fox's flagship channel, its cable channel FX, and other stations including Fuel TV and Fox Deportes. In January 2005, UFC entered a deal to broadcast televised content on Viacom Inc.'s Spike cable channel, an agreement that ran until the end of 2011. ![]() Approximately 135 UFC-branded gyms operate in North America and Australia. states and is broadcast to more than 150 countries. Zuffa, LLC operated the UFC until its sale in August 2016.Īs Chairman and CEO of UFC, Fertitta worked with the athletic commissions of New Jersey, Nevada, California and Mohegan Sun to establish a unified rule set for MMA competitions. Lorenzo Fertitta assumed positions as chairman and CEO of UFC, while appointing childhood friend Dana White as President of the organization. In 2001, Lorenzo, along with his brother Frank III, established Zuffa, LLC to acquire the assets of Ultimate Fighting Championship (UFC), a mixed martial arts promotion and live event provider, from Semaphore Entertainment Group for $2 million. Zuffa, LLC and Ultimate Fighting Championship įertitta as owner of the Palms Casino nightclub KAOS lost an $8 million lawsuit in 2022 brought by DJ Kaskade for nonpayment of his two-year performance contract. In January 2017, Fertitta was named Vice Chairman. The Fertitta family continues to own a stake in Red Rock Resorts Inc. Deutsche Bank Securities, J.P Morgan, BofA Merrill Lynch and Goldman Sachs & Co were among the underwriters for the offering. raised $531.4 million in an IPO that priced 27.25 million shares under the ticker symbol "RRR". On April 26, 2016, Red Rock Resorts, Inc. filed an S-1 registration statement with the SEC to take Station Casinos public again through an initial public offering (IPO), creating a holding company for the organization, known as Red Rock Resorts, Inc., which owns a portion of the Station Casinos entity. On October 13, 2015, Red Rock Resorts, Inc. Station Casinos filed for Chapter 11 bankruptcy on Jand, with a subsequent reinvestment of $240 million, emerged from this process in June 2011 with a new ownership structure that allowed the Fertittas to retain full control. The filing came in response to a lawsuit that challenged the gaming company's debt swap and prepackaged bankruptcy proposal. On February 2, 2009, Station Casinos declared plans to file for bankruptcy. Station Casinos was then taken private in 2007 in a management-led leveraged buyout. retired in 1993, Lorenzo and Frank III led Station Casinos to its first IPO that same year, raising $294 million and becoming principal shareholders and co-founders of Station Casinos Inc. Throughout their time in high school and college, Lorenzo and Frank III worked for their father, Frank Fertitta Jr., at Station Casinos. Station Casinos and Red Rock Resorts, Inc. In these roles, Fertitta managed an investment portfolio consisting of marketable securities and real property. ![]() He served as vice president from 1991 to 1993, before becoming president and CEO from June 1993 to July 2000. Since 1991, Fertitta occupied various executive positions within Fertitta Enterprises, a family investment office and entertainment company. He earned an MBA from the Stern School of Business at New York University in 1993. He earned a Bachelor of Business Administration from the University of San Diego in 1991 where he was a member of Sigma Pi fraternity. as "one of the most successful business persons in the history of Las Vegas." įertitta graduated from Bishop Gorman High School, a private Catholic prep school in Las Vegas, Nevada, in 1987. remained active in other family business ventures, community service and philanthropic efforts, with Las Vegas Mayor Oscar Goodman referring to Fertitta Jr. worked at Station Casinos, a developer and casino operator in the U.S, alongside his sons until retiring in 1993. The Casino would be renamed Bingo Palace before it eventually became Palace Station. built The Casino, a 5,000-square-foot establishment on Sahara Blvd. In 1976, after observing that no casinos effectively catered to the city's residents, Fertitta Jr. became a dealer at the Stardust Casino before graduating to management positions at the Tropicana, Sahara and Circus Circus casinos. ![]() Lorenzo and his older brother Frank Fertitta III were raised in Las Vegas, Nevada, after their father, Frank Fertitta Jr., moved there from Texas with his wife Victoria ( née Broussard) in 1960. He is chairman of Fertitta Capital, director of Red Rock Resorts Inc, and former CEO of the Ultimate Fighting Championship. Lorenzo Joseph Fertitta (born January 3, 1969) is an American billionaire businessman and philanthropist. ![]()
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