According to the UFC, 473 million TV households in more than 60 countries now have access to its programming; that kind of reach was enough to get White and his partners a $1.2 billion offer to sell the UFC about a year ago, which they ultimately turned down, according to White. – from Time.com SEE: […]
financial
Station Casinos Inc. 7.75% Senior Notes Lowered To ‘D’
NEW YORK, Feb. 17, 2009–Standard & Poor’s Ratings Services today lowered its issue-level rating on Las Vegas, Nev.-based Station Casinos Inc.’s 7.75% senior notes to ‘D’ from ‘CC’. The rating action reflects the missed Feb. 15, 2009 interest payment on the notes. A payment default has not occurred relative to the legal provisions of the […]
Interview with BFC CEO Rebney
2008 may have been a year of historic growth for MMA, but in terms of the competitive landscape it remains a virtual UFC monopoly. EliteXC’s spectacular failure last fall, despite a historic network television deal and a number of marquee fighters, begs the question: Can a viable competitor emerge? Can the market sustain another national […]
Station Casinos Draws $239M of Revolving Credit
Yesterday Station Casinos announced that it was drawing down $239 million of its revolving credit line. According to a filing with the SEC, the casino asked for the remaining $257 million available under its revolving credit facility and as of last Friday $239 million of that had been funded. The money will be used for […]
S&P Cuts Station Casinos Secured Debt Rating
NEW YORK, Dec. 15, 2008–Standard & Poor’s Ratings Services said today that its ‘CC’ corporate credit rating on Las Vegas-based Station Casinos Inc. remains on CreditWatch with negative implications, where it was placed Nov. 26, 2008. The ‘C’ rating on the company’s senior unsecured and subordinated debt issues also remains on CreditWatch with negative implications. […]