Early Life
Frank Joseph Fertitta III was born on February 24, 1962, in Las Vegas, Nevada. He is the son of Frank Fertitta Jr. and Victoria (née Broussard) Fertitta. Frank attended Bishop Gorman High School in Las Vegas, Nevada. He graduated from the University of Southern California in 1984 with a Bachelor of Arts/Science degree from the business school.
Rise to Success
Fertitta's career began in 1985 when he joined Station Casinos as an officer and general manager. He quickly progressed, becoming a director, executive vice president, and chief operating officer in 1986. In 1989, he was appointed president of Station Casinos, a position he held until July 2000. Since July 1992, Fertitta has served as the chief executive officer of Station Casinos. Frank and his brother, Lorenzo, acquired the UFC in 2001 for $2 million and sold their stake for $4 billion in 2016.
Key Business Strategies
Fertitta is known for his leadership at Station Casinos, transforming the company into a leading provider of gaming and entertainment in Las Vegas. Under Fertitta's leadership, Station Casinos has grown into one of the largest and most successful casino companies in the United States. His strategic acquisition and subsequent sale of the UFC underscored his business acumen. Fertitta took his casino business, Red Rock Resorts, public in 2016.
Philanthropy
Fertitta is known for his philanthropic efforts, particularly a major gift to the University of Southern California, which resulted in the construction of a new building for the USC Marshall School of Business and the establishment of the Jill and Frank Fertitta Endowed Chair in Business.