Station Casinos Las Vegas President Fertitta Resigns To Work For UFC

Lorenzo FertittaStation Casinos’ Las Vegas president, Lorenzo Fertitta, resigns yesterday to work full time for the UFC.  Because of the rapidly growing popularity worldwide of the Ultimate Fighting Championship, the past president of a half a dozen Las Vegas casinos, will concentrate on the international business development for the multi-billion dollar mixed martial arts franchise.

A joint venture seven and a half years ago between Lorenzo, his brother, Frank III and Dana White purchased the then small time UFC for $2 million.  Since then fights have taken place in multi million state-of-the-art venues around the globe.

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Viva Las Vegas Mega Resort Project Plans By Station Casinos Unveiled

Station Casinos ExecsViva Las Vegas mega resort project plans By Station Casinos unveiled. Station Casinos may outshine the $7.4 billion Project CityCenter Las Vegas. Their future real estate development would encompass 110 acres of west of I-15 and Tropicana Ave, current location of the Wild Wild West hotel, warehouses, restaurants and retail shops.

This would be Station Casinos Las Vegas biggest development in their history. Currently called Viva, a $10 billion planned mixed use real estate resort with a large casino, 5,200 hotel rooms in three Las Vegas hotels. A possible arena could be an option.

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C2 Lofts Las Vegas Mid Rise Condominium Project Expects Closings Soon

C2 Lofts Las VegasC2 Lofts in Summerlin Las Vegas real estate continues near the Las Vegas Beltway and Charleston Boulevard. C2 Lofts is a Las Vegas mid rise luxury condo project.

This is a $65 million condo project near Red Rock that has 100 units in two five story buildings. There is a mixed use portion to this development includes dry cleaning, coffee shop and a deli. Amenities include a pool and a fitness center.

This mix rise luxury condo development by Christopher Homes is expecting to receive its certificate of occupancy in late May. The originally scheduled certificate was expected last November for the Red Rock residences.

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Station Casinos Las Vegas Gaming Company Buyout Bid For $5.4 Billion

Station Casinos ExecsStation Casinos Las Vegas gaming company is accepting a buyout bid from Fertitta Colony Partners for $5.4 billion or $90 per share. This buyout also includes the repayment of $3.5 billion of debt, making the total real estate deal worth $8.8 billion.

While a private equity group involving the founding family has increased its offer to take Station Casinos private, industry analysts say a follow-up bid that might drive the price higher is unlikely to come.

Station has 30 business days remaining to solicit additional proposals from competing buyout bidders.

The current bid is being placed by a private equity partnership involving Los Angeles-based Colony Capital and Station Casinos Chairman and CEO Frank Fertitta III, Lorenzo Fertitta, president, and their sister, Delise Sartini, and Blake her husband.

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