The following is an article from WrestlingObserver.com:
Dana White's big announcement is
By Dave Meltzer
That Lorenzo Fertitta is resigning from his post at the president of Station Casinos to work full-time in expanding UFC.
Fertitta is leaving a post where he was the second highest paid casion executive in Las Vegas in 2007, earning a total of $113.8 million.
Frank Fertitta III will become the man in charge of Station Casinos at CEO and retain 45% ownership in UFC, while Lorenzo Fertitta will work alongside Dana White as the co-heads of UFC.
The announcement will be made in ten minutes to UFC employees.
A more detailed story is available at www.yahoo.com