Steven Church of Bloomberg reports on the latest developments regarding the Station Casinos bankruptcy process, which has been unfolding over the last several months. Station Casinos Inc. doesn’t need an examiner to investigate how the company is handling its bankruptcy, the judge overseeing the case said, rejecting part of the takeover strategy pursued by Boyd Gaming […]
financial
Weakening USD Benefits the UFC in UK
The British Pound is trading nearly 30 cents higher since the UFC last visited the UK in February for UFC 95. Payout Perspective: The gate revenues from UFC 105 – an event rumoured to be nearly sold-out – will convert back to the American dollar with a greater pop than the last time the UFC visited […]
ProElite Purchased for $2 million
Stratus Media Group, Inc. has announced that it has reached an agreement to acquire a 95% stake in ProElite, Inc. for $2 million. Stratus Media Group, Inc. (OTCBB: SMDI ), a live entertainment company, announced today that it has entered into an agreement to acquire a 95% interest in ProElite, Inc. (PK: PELE), a sports, entertainment and […]
UFC May Sell Ownership Stake
Dana White recently sat down with Bloomberg TV to discuss the financial progress of the UFC over the last few years. Some interesting things came out the interview: The Fertittas and White (holding 90% and 10% of Zuffa, respecitvely) are open to selling a 10-15% silent stake in the company. White estimates that anywhere between 35-45% of the UFC […]
S&P Report on Zuffa – Analysis
Today, Standard & Poor’s released its latest credit report on Zuffa LLC that documented the corporation’s latest financing initiatives. Below is a summary of the report’s action: Zuffa requested an additional $100 million in incremental term loans to help pay off part of the existing revolving credit line and fund a dividend to the owners […]