Steve Green of the Las Vegas Sun reports that the management of Station Casinos have reached a deal in principal with key lenders that will allow them to reorganize and retain control of the company. While the company didn’t disclose details, the arrangement with lenders holding $2.475 billion of debt secured by four of Station’s […]
financial
Stratus Media Assumes Control of ProElite Board
In late 2009 it was announced that Stratus Media Group had purchased ProElite for $2 million. Now we’ve received word that Stratus Media has assumed control of the ProElite board and will look to bring relaunch the company in 2010. SANTA BARBARA, Calif.–(BUSINESS WIRE)–Stratus Media Group, Inc. (OTCBB:SMDI – News), a live entertainment company, announced […]
Michigan MMA Strongly Regulated
John Morgan of MMAJunkie has an interesting article that discusses the long road to hoe that Michigan and its regional promoters have experienced over the last three years. Joe Donofrio, running “Malice at the Palace” this weekend explains even with regulation, it’ll be tough to make a profit in the current environment because of certain […]
UFC Can’t Afford 200 Millionaires
White and Fertitta on CNBC
First on CNBC sat down with Dana White and Lorenzo Fertitta to talk about the latest financial news concerning Zuffa: the sale of 10% of the company to Abu Dhabi-based Flash Entertainment. Payout Perspective: The 10% share in Zuffa wasn’t directly sold, but rather the existing positions of the Fertitta brothers and White were diluted […]