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Monday, 10/29/2012, 02:00 pm

Dana White Stops Doing Business With The Palms Casino Following 50% Reduction In His Gambling Credit | UFC NEWS

The Palms Casino Resort reduced UFC President, Dana White’s gambling credit line by 50 percent in turn White has pulled all future mixed martial arts (MMA) events from The Palms according to the Las Vegas Review.

White, is no stranger to “Sin City” gambling stories, denying reports back in 2010 that he allegedly owed the Bellagio hotel more than $1 million following an unsuccessful run at the casino tables.  He is dubbed as one of the Palms’ biggest gamblers since it opened 11 years ago; White’s tipping habits were legendary.

“He changed people’s lives,” said one of the sources.

Dealers and wait staff were among the hardest hit by White’s departure. During one two-month hot streak, White tipped dealers more than $100,000, sources confirmed.

“Anytime he came in, we knew it was a big payday,” a Palms employee said.

A regular at N9NE Steakhouse, White routinely ran up dinner tabs of $15,000-$20,000 and tossed in $10,000 tips. That happened three or four or times a week, the sources said.

“He rarely accepted comps, not just at the Palms but all over Vegas,” one source said.

The UFC had an exclusive contract with the Palms to hold televised “Ultimate Fighter Live Finale” events at the hotel inside its “Pearl” theater as well as local UFC fights.

TUF 16 live finale, between head coaches Roy Nelson and Shane Carwin, will broadcast live from the Hard Rock Hotel & Casino on Dec. 15, 2012

 Read More:  MMA(news) UFC(News)

comments

25 Comments to Dana White Stops Doing Business With The Palms Casino Following 50% Reduction In His Gambling Credit | UFC NEWS

  1. Big Tuna says:

    So is he in good standing or does he owe? Why’d they dis him?

  2. SonOfSite says:

    Don’t shit where you eat.

  3. Tapitout21 says:

    This story makes no sense

  4. John Doe says:

    so, while DW is tipping 10k to a waiter he is also paying some of his fighters 5k a fight…. hmmm

    • Not You says:

      HE doesn’t pay anyone. Your gripe is with Zuffa.

      • The Dentist says:

        +1 mate. for making tht dick look stupid

        • Miles says:

          Dana is part-owner of Zuffa and runs the day to day operations of the U.F.C., which includes setting fighter salaries.

        • Not You says:

          Dana is not part owner of Zuffa. Zuffa belongs to the Fertitta brothers. Dana is the president of the UFC. Pretty much the face of the brand. Ultimately, the money comes from the Fertitta’s. So again, DANA the man, is not responsible for what the fighters are being paid. Zuffa is.

        • Kenshiro says:

          Yes, Dana IS President of the UFC but ALSO co-owner of ZUFFA. Dana owns 9% of Zuffa… the Fertitta brothers40.5% each and Sheik Tahnoon of Abu Dhabi owns 10%

        • Not You says:

          So then why should the guy who owns less than 10% of the company and the money flowing into the UFC pay the fighters more?

  5. Nick says:

    That’s crazy! Of course he has bad standings, a casino would never lower your credit if you don’t owe or you are not slow to pay.

  6. Jon says:

    What an egotistical douche! Talk about putting personal shit ahead of business interests…then again, that’s Dana’s M.O.

    Dana is incredibly unprofessional, and, IMO, his personality is a black eye on the sport.

  7. Karl Robo says:

    I heard he ate an orange while he peddled his twin pack over a six fourty, even the high stand flipped the overturn when it doubled in ! Just sayin

    • Mayor of Deviance says:

      I have no idea what you just said. Something about Dana White being fat and drinking six 40ozs is all I gathered.

  8. Tim says:

    @Jon Yeah because it’s going to be incredibly hard to find ANYWHERE else in Las Vegas that won’t be BEGGING to host these fights. The hotel owners are idiots. They reap what they sow. You don’t diss someone who makes you millions of dollars.

  9. Beef Wellington says:

    Almost all of this article is copied and pasted from this article: http://www.lvrj.com/news/ufc-s-white-cuts-ties-to-the-palms-176221331.html

    • BX81 says:

      lol. Thanks for showing us the actual source. What a report jack. This is not right!

    • The Dentist says:

      The funniest part about your comment is that you have already read this article and still come to bjpenn.com clicked on the same story just so you could find something wrong with it. Please get a life you ASSHOLE

      • Beef Wellington says:

        Woah, relax. I clicked on the story to see if it had any different information. I don’t just go around looking for things to criticize. You should be pissed at the author for blatantly plagiarizing, not the person who points it out.

  10. rick james bioch says:

    Does anyone still even gamble at the Palms? The Maloofs ran this casino into the ground and don’t even own the casino anymore… Considering Dana lives in vegas was the Palms scared that Dana was going to skip town or not pay them back?

  11. Nunya says:

    With the economy the way it is, thats bad business for The Palms to cut Dana White’s credit line in half. The guy spends good money. I dont blame Dana for pulling events. The Palms is going to regret doing that. Even if they apologize and extend credit line, Dana will refuse and take his money & events elsewhere…as would i.

  12. TheTude says:

    Dana is a douche, that is all

  13. This is a nice write-up. I am about to spend more time researching this issue.

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