After guiding the world's premiere mixed martial arts (MMA) promotion, Ultimate Fighting Championship (UFC), to a highly profitable year in 2015, top executives Lorenzo and Frank Fertitta are being forced to sit tight on a pending $460 million payday, while Deutsche Bank restricts the initial public offering (IPO) of Red Rock Casinos.
The delay, according to New York Post, is because of weakness in the stock market. Deutsche Bank holds a 25 percent stake in Red Rock, while the Fertitta's management company controls 57 percent of Station Casinos, which is now known as Red Rock.