A report from the Las Vegas Review Journal suggests that Station Casinos, the Fertita’s company has just settled a deal to buy The Palms Resort and Casino in Las Vegas, for $312.5 million. The decision to sell the UFC begins to make sense as the Fertita brothers look to assert their dominance in Vegas. Station Casinos already owns the Red Rock Resorts and the addition of The Palms will see them become one of the power house families in Las Vegas.
With the purchase of The Palms, expect Lorenzo and Frank to focus more of their attention back in the casinos, where their family made their fortune from the outset. The only person who appears to be against the sale is President Dana White, who himself would make a pretty penny from the transaction, as he has a minority of the shares of ZUFFA and the UFC.
If the UFC is sold in July, it would probably coincide with the famous fight week and it remains to be seen if any changes would be made to the structure of the company. One things for sure, there will be a lot of speculation in the build up to UFC 200.
