Big Announcment: Lorenzo Ferritta quits casinos, working full-time UFC

by ghettoiam on Jun 18, 2008 3:02 PM EDT

The big write up is at Yahoo! from Iole.

And the quick hit is from Meltzer on F4W :

That Lorenzo Fertitta is resigning from his post at the president of Station Casinos to work full-time in expanding UFC.

Fertitta is leaving a post where he was the second highest paid casion executive in Las Vegas in 2007, earning a total of $113.8 million.

Frank Fertitta III will become the man in charge of Station Casinos at CEO and retain 45% ownership in UFC, while Lorenzo Fertitta will work alongside Dana White as the co-heads of UFC.

It is big - potentially industry shaping - news, but it is certianly not the news that was speculated on.

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Comments

Well, my mind is not blown. How about yours?

by Kierkegaard on Jun 18, 2008 3:07 PM EDT reply actions

Yeah, a little. This is a pretty big deal.

Intentional Blog on Balls

by Richard Wade on Jun 18, 2008 3:36 PM EDT up reply actions

no way is this it. Is this a joke?

by jason4jc on Jun 18, 2008 3:10 PM EDT reply actions

It's true.

And, as noted, this really is a huge deal. It’s huge for the UFC, and arguably huge for mma as a whole, that somebody like Fertitta would leave that position and all that money to use his talents, contacts, and experience to work full-time promoting the UFC. It is huge news. I just don’t think it’s the kind of huge news that is going to “blow people’s minds.”

by Kierkegaard on Jun 18, 2008 3:13 PM EDT up reply actions