With Manny Pacquiao returning to PPV Saturday night, the standard question of whether PPVs are worth it surfaced. In a Newsday column published this week, there are quotes from both boxing and UFC executives which address the question of PPV as a viable platform. The conclusion appears to be that it takes a big event […]
Zuffa
Senator Reid denies parts of SOPA attached to NSA reform bill at request of UFC
Tech news web site Techdirt reported earlier this week that Nevada Senator Harry Reid is attempting to attach a portion of the Stop Online Piracy Act to the USA Freedom Act as a favor to the UFC. Although the bill did not pass, there has been some criticism of Reid for “coat-tailing.” Essentially, Reid attempted […]
Standard & Poor’s revises Zuffa outlook to negative
The Standard & Poor’s Ratings Service has revised Zuffa, LLC’s financial outlook to negative from stable on weaker operating performance. It has indicated that it anticipates a 40% decline in EBITDA in 2014 and credit measures will weaken due to the decline. In a press release disseminated by S&P, it stated that the negative rating […]
Ultimate Poker closes due to lack of profitability
The Las Vegas Review-Journal reports that the Fertittas have closed down Ultimate Gaming and thereby shutter Ultimate Poker. After 19 months, the company indicated lack of profitability for closing down its business operations. The article stated that Stations Casinos is the majority owner of Ultimate Gaming. Online poker revenue “fell far short of once-lofty projections,” […]