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Red Rock, a subsidiary of Station Casinos, the Fertittas’ gaming company, is buying 75 acres of land underneath the casinos that has been owned by Victoria, and her late husband Frank II, since 1997.<\/p>\n
For the past 20 years, Red Rock has leased the property from the family trust. The sale puts a significant chunk of change into Victoria’s bank account, while freeing the resorts\u00a0from being a land renter.<\/p>\n<\/div>\n
Red Rock shareholders, however, felt the price was a bit exuberant.<\/p>\n
“I thought it was on the high side,” Baron Capital analyst Davis Baron told Bloomberg<\/i>. Baron’s firm is one of Red Rock’s largest shareholders.<\/p>\n
Red Rock had been paying Victoria $7 million annually in rent. At $120 million, the Fertittas’ investment won’t pay dividends for over 17 years, or 2034.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dana White says his Ultimate Fighting Championship (UFC) superstar Conor McGregor has agreed to terms to step into the ring with one of the greatest boxers of all time, Floyd Mayweather. Chatting with TNT during the network’s postgame coverage of game one of the Boston Celtics and Cleveland Cavaliers Eastern Conference Finals, White revealed McGregor’s […]<\/p>\n","protected":false},"author":42,"featured_media":50549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,1,1074],"tags":[],"acf":[],"yoast_head":"\n
Dana White Confirms McGregor Deal in Mayweather Fight<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n