Career Lorenzo Fertitta

1 career

1.1 fertitta enterprises
1.2 station casinos , red rock resorts, inc.
1.3 zuffa, llc , ultimate fighting championship
1.4 fertitta capital

career
fertitta enterprises

since 1991, fertitta occupied various executive positions within fertitta enterprises, family investment office , entertainment company. served vice president 1991 1993, before becoming president , ceo june 1993 july 2000. in these roles, fertitta managed investment portfolio consisting of marketable securities , real property.

station casinos , red rock resorts, inc.

throughout time in high school , college, lorenzo , frank iii worked father, frank fertitta jr., @ station casinos.

after fertitta jr. retired in 1993, lorenzo , frank iii led station casinos first ipo same year, raising $294 million , becoming principal shareholders , co-founders of station casinos inc. in process. station casinos taken private in 2007 in management-led leveraged buyout.

on february 2, 2009, station casinos declared plans file bankruptcy. filing came in response lawsuit challenged filed gaming company s debt swap , prepackaged bankruptcy proposal. station casinos filed chapter 11 bankruptcy on july 28, 2009 and, subsequent reinvestment of $240 million, emerged process in june 2011 new ownership structure allowed fertittas retain full control.

under brothers’ direction, station casinos has grown encompass 21 casinos in 3 states. named among fortune’s “best companies work for,” properties include palace station hotel & casino , red rock casino, resort & spa.

on october 13, 2015, red rock resorts, inc. filed s-1 registration statement sec take station casinos public again through initial public offering (ipo), creating holding company organization, known red rock resorts, inc., owns portion of station casinos entity.

on april 26, 2016, red rock resorts, inc. raised $531.4 million in ipo priced 27.25 million shares under ticker symbol “rrr”. deutsche bank securities, j.p morgan, bofa merrill lynch , goldman sachs & co among underwriters offering.

the fertitta family continues own stake in red rock resorts inc. in january 2017, fertitta named vice chairman.

zuffa, llc , ultimate fighting championship

in 2001, lorenzo, along brother frank iii, established zuffa, llc acquire assets of ultimate fighting championship (ufc), mixed martial arts promotion , live event provider, semaphore entertainment group $2 million. lorenzo fertitta assumed positions chairman , ceo of ufc, while appointing childhood friend dana white president of organization. zuffa, llc operated ufc until sale in august 2016.

as chairman , ceo of ufc, fertitta worked proactively athletic commissions of new jersey, nevada, california , mohegan sun establish unified rule set mma competitions. today, sport operates in 50 u.s. states , broadcast more 150 countries, attracting mainstream advertisers including anheuser-busch, harley-davidson, burger king, electronic arts , u.s. army. approximately 135 ufc-branded gyms operate in north america , australia.

in january 2005, ufc entered deal broadcast televised content on viacom inc.’s spike cable channel, agreement ran until end of 2011. on august 18, 2011, ufc , fox broadcasting company announced seven-year, $813 million television rights deal spanned fox’s flagship channel, cable channel fx, , other stations including fuel tv , fox deportes.

as ceo of ufc, fertitta worked governor of new york andrew cuomo regulate mma in state, initiative projected yield more $32 million in economic activity new york’s economy each year. governor cuomo signed legislation authorizing competitive mixed martial arts in new york state on april 14, 2016, ufc hosting first show @ madison square garden, ufc 205, later year. event set new record live gate receipts @ venue, drawing $17.7 million.

in july 2016, zuffa, llc announced sale of ufc undisclosed sum wme-img, preeminent sports , entertainment talent representation firm led ari emanuel , patrick whitesell. private equity firms silver lake partners , kohlberg kravis roberts (kkr) part of deal. upon completion of transaction, lorenzo fertitta stepped down role ceo.

fertitta capital

on may 1, 2017, fertitta capital, private investment firm, launched initial seed investment of $500 million lorenzo , frank fertitta iii. firm has permanent capital base , invests throughout business’ lifecycle , across capital structure in consumer-facing companies in technology, media , entertainment sectors. nakisa bidarian, former cfo of ufc, lead fertitta capital ceo , co-founder , responsible deployment of firm’s capital.