Standard and Poor’s February report states that it has maintained Zuffa’s credit rating at “BB” following a $50 million add-on proposed to it’s senior secured term loan, which now has a sum of $525 million. The issue-level rating on the term loan in ‘BB’, which is the same as the corporate credit rating, with a […]
financial
SEC Files Order Against ProElite
On March 20th, the Security and Exchange Commission (SEC) issued an administrative release stating that ProElite was delinquent in its periodic filings with the Commission, having filed some but not all of the required periodic reports. The release can be read below: SEC PE Filing The order states the following: ” ProElite, Inc. (“PELE”) (CIK No. […]
WWE Earnings disappoint for Q4
The WWE announced its Q4 2011 results on Thursday and the earnings were described as disappointing. WWE earnings were lower for the fifth straight quarter. The main culprit for the poor performance of the company was its film division and television licensing decisions according to Vince McMahon. In addition, costs from starting the WWE Network […]
Pacquiao’s economic impact in Vegas
The NY Times reports on the economic impact Manny Pacquiao has on Las Vegas. Its a good read on how Pacquiao’s popularity has a trickle down economic affect on Vegas during fight weekend. The third fight in the trilogy sold out within 2 weeks of tickets going on sale. Gross sales are expected at $11.8 […]
WWE announces third quarter earnings
The WWE announced its 3rd quarter earnings this past Thursday in a conference call hosted by WWE Chairman Vince McMahon and other WWE executives. Despite beating analysts expectations for Q3 earnings, net income for WWE fell to $10.6 million vs. $14.3 million in 2010. The WWE announced that revenues totaled $108.5 million as opposed to […]