GGB is committed to providing updated news and analysis on our weekly news site,

Fertitta resigns at Station

Station Casinos announced that Lorenzo Fertitta will step down as president of the company to assume the role of chairman and CEO of Zuffa, LLC, the company that owns and operates the Ultimate Fighting Championship.

Fertitta will oversee all operations of the UFC and head up further international expansion. Frank Fertitta III will assume the role of the president of Station Casinos in addition to serving as CEO and chairman of the board.

Lorenzo Fertitta will remain as vice chairman and one of five members of Station?s board of directors, and a significant shareholder of the company. The operator said he will continue his active involvement in the strategic direction of Station Casinos.

Although both brothers worked for Station Casinos? predecessor since their early teens, Frank Fertitta III and Lorenzo Fertitta have jointly run the company since 2000, when Lorenzo joined full-time. Prior to that, Frank Fertitta III, son of founder Frank Fertitta Jr., led the company through significant growth, taking it public in 1993 and serving as CEO and chairman since that time. In 2001, the brothers purchased the UFC and, with Dana White serving as president, have grown it into one of the most successful sports franchises in the country.