Lorenzo Fertitta
| Lorenzo Fertitta | |
|---|---|
| Born | 1967/1968 (age 43–44)[1] |
| Residence | Las Vegas, Nevada, USA |
| Nationality | American |
| Alma mater |
|
| Occupation |
|
| Net worth |  US $ 1 billion (est.) (2010)[1] |
| Spouse | Teresa |
| Children | 3 |
| Relatives | Frank Fertitta,Jr. (father) Frank Fertitta III (brother) |
Lorenzo Joseph Fertitta is an American businessman, casino executive, sports promoter and entrepreneur. Fertitta resides in Las Vegas with his wife Teresa and three children.[1]
Contents |
[edit] Education
Fertitta obtained a Bachelor of Business Administration from the University of San Diego in 1991 and a MBA from the Stern School of Business at New York University in 1993.[2][3]
[edit] Career
[edit] Fertitta Enterprises
Since 1993, Fertitta has occupied various executive positions within Fertitta Enterprises. From 1991 to 1993, Fertitta served as vice president, before becoming president and chief executive officer, from June 1993 to July 2000, where he was responsible for managing an investment portfolio consisting of marketable securities and real property.[4][5]
[edit] Station Casinos
Fertitta is a principal shareholder and a co-founder of Station Casinos Inc. He served as a member on the board of directors from 1991 until gaining the position of Station's president in July 2000. On June 19, 2008, Fertitta stepped down as president to work full-time for Zuffa, LLC.[6]
On February 2, 2009, Station Casinos announced its plans to file for bankruptcy by April 15. Station's filing came in response to a lawsuit filed by an individual bondholder challenging the gaming company's debt swap and prepackaged bankruptcy proposal.[7] In July 2009, Station Casino's filed for Chapter 11 bankruptcy, however the Fertitta family is expected to make additional investments to maintain its ownership. [8]
[edit] Ultimate Fighting Championship
In 2001 he was contacted by his childhood friend Dana White about purchasing the Ultimate Fighting Championship. He quickly took the opportunity, making the purchase a month later. Zuffa was immediately co-founded with brother Frank Fertitta III to establish an entity to manage the assets of the newly acquired Mixed Martial Arts promotion organization. Thereafter, White became president of company, and received 9 percent of the company's shares.[9] In March 2007, Zuffa acquired the World Extreme Cagefighting (UFC's sister promotion), and Pride Fighting Championships.[10] The UFC recently announced that their former sister promotion, World Extreme Cagefighting, will be absorbed by the Ultimate Fighting Championship.[11] On Monday March 14th 2011 Zuffa LLC officially announced that they purchased Strike Force LLC a rival MMA organization, and on August 18th, Zuffa LLC announced an 8 year partnership (rumored to be valued at $90 million per year) with Fox Broadcasting Company.
[edit] Other notable positions and affiliations
- President and Chief Executive Officer of Gordon Biersch Brewing Company
- Chairman of the Nevada Resort Association
- Commissioner on the Nevada State Athletic Commission (November 1996 to July 2000)
- Former Advisory Board Member of Nevada First Bank
- Director on the American Gaming Association
[edit] External links
[edit] References
| Find more about Lorenzo Fertitta on Wikipedia's sister projects: | |
 |
Definitions and translations from Wiktionary |
 |
Images and media from Commons |
 |
Learning resources from Wikiversity |
 |
News stories from Wikinews |
 |
Quotations from Wikiquote |
 |
Source texts from Wikisource |
 |
Textbooks from Wikibooks |
- ^ a b c "Forbes 400 Richest Americans: #385 Lorenzo Fertitta". Forbes. September 2010. http://www.forbes.com/profile/lorenzo-fertitta.
- ^ http://w4.stern.nyu.edu/alumni/news.cfm?doc_id=7350
- ^ http://w4.stern.nyu.edu/sternbusiness/spring_2008/publicOfferings.html
- ^ http://sec.edgar-online.com/1999/07/14/15/0001047469-99-027455/Section11.asp
- ^ http://investing.businessweek.com/research/stocks/private/person.asp?personId=656262
- ^ http://www.secinfo.com/dRqWm.51zz4.c.html
- ^ http://www.hotelsmag.com/articleXML/LN943741236.html?nid=3457&rid=2040560596
- ^ "Station Casinos Files for Bankruptcy as Talks Fail (Update2)". Bloomberg. July 28, 2009. http://www.bloomberg.com/apps/news?pid=20601103&sid=ac4S_5jCdJIo.
- ^ http://sports.yahoo.com/mma/news?slug=dm-ufcsale011210
- ^ Stein, Joel (November 8, 2006). "The ultimate fighting machines". CNN. http://money.cnn.com/2006/11/07/magazines/business2/stationcasinos.biz2/index.htm?postversion=2006110809.
- ^ http://www.sherdog.com/news/news/10-Fights-Finalized-for-UFC-125-28211
