By Zach Arnold | October 23, 2008
- October 19th – Going private hasn’t saved companies from slump (Las Vegas Review-Journal)
- October 19th – Station Casinos will seek some reprieve from its banks, though the company’s debt costs will likely go up (Las Vegas Sun)
- October 20th – Station Casinos confident business model will best economic worry (online casino advisory)
- October 23rd – Is Station Casinos going out of business? (Fightlinker)
When Dana White announced a while back that Lorenzo Fertitta was making a 100% commitment to UFC and moving away from actively managing Station Casinos, it was heralded as a move that was going to forever change the MMA business. Much to the credit of Fight Opinion Radio lead host (Jeff Thaler), Jeff never bought into the initial explanation given as to why Lorenzo Fertitta would give up such a lucrative position in Las Vegas to go to UFC — a profitable company, but nothing close to the money-making machine that Station Casinos had been over the past decade.
Addendum: In addition to the Station Casino troubles, MMA Payout claims that there are problems between UFC and Walmart. Ironic, given the stances that both Station Casinos and Walmart have taken in regards to worker’s unions.
Update: This sounds not-so-good.