Lorenzo Fertitta
| Lorenzo Fertitta | |
|---|---|
| Born |
Lorenzo Joseph Fertitta January 3, 1968 Las Vegas, Nevada, United States |
| Residence | Las Vegas, Nevada, U.S. |
| Nationality | American |
| Alma mater |
University of San Diego, BBA 1991 Stern School of Business (New York University), MBA 1993 |
| Occupation | Entrepreneur |
| Net worth |
 US$ 1.97 billion (est.) (2016)
|
| Spouse(s) | Teresa Fertitta |
| Children | 3 |
| Relatives |
Frank Fertitta, Jr. (father) Frank Fertitta III (brother) Lorenzo Fertitta Jr (son) Nicco Fertitta (son) Angelia Fertitta (daughter) |
| Website | Official website |
Lorenzo Fertitta (born January 3, 1968) is an American entrepreneur, casino executive and sports promoter.
Fertitta resides in Las Vegas, Nevada with his wife Teresa and three children. His son Nicco, is a safety for the Notre Dame Fighting Irish football team.
Fertitta graduated from Bishop Gorman High School, a private Catholic prep school in Summerlin, Nevada. He earned a Bachelor of Business Administration from the University of San Diego in 1991 and an MBA from the Stern School of Business at New York University in 1993.
Since 1993, Fertitta has occupied various executive positions within Fertitta Enterprises. From 1991 to 1993, Fertitta served as vice president, before becoming president and chief executive officer, from June 1993 to July 2000, where he was responsible for managing an investment portfolio consisting of marketable securities and real property.
Fertitta is a principal shareholder and a co-founder of Station Casinos Inc. He served as a member on the board of directors from 1991 until gaining the position of Station's president in July 2000. On June 19, 2008, Fertitta stepped down as president to work full-time for Zuffa, LLC.
On February 2, 2009, Station Casinos announced its plans to file for bankruptcy by April 15. Station's filing came in response to a lawsuit filed by an individual bondholder challenging the gaming company's debt swap and prepackaged bankruptcy proposal. On July 28, 2009, Station Casinos filed for Chapter 11 bankruptcy; however, the Fertitta family is expected to make additional investments to maintain its ownership.
In 2001, Fertitta was contacted by a friend, businessman Dana White, about purchasing the Ultimate Fighting Championship. He quickly took the opportunity, making the purchase a month later. He co-founded Zuffa with his brother, Frank to establish an entity to manage the assets of the newly acquired Mixed Martial Arts promotion organization. In March 2007, Zuffa acquired World Extreme Cagefighting (UFC's sister promotion) and Pride Fighting Championships, which were absorbed by the Ultimate Fighting Championship.
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