Local newspaper The Las Vegas Review-Journal followed up on the story this week and found out that not only was this version of events apparently accurate but that a senior executive from The Palms had been sent to Zuffa HQ to do some damage limitation.Īccording to the report, “Palms president Joe Magliarditi showed up in the lobby of UFC headquarters on Monday, apparently on a mission to defuse a conflict with UFC president Dana White.” The report featured a quote from Dana White who said, “We had a face to face, a sit-down, and we had a good conversation.”įurther, “White was on a huge run, then lost more than a third of it. They have now been moved across town to a rival casino. Prior to the fall-out, The Palms and its 2,000 seat arena had been the venue of choice for TUF Finale events. White responded by pulling all UFC events from The Palms. This isn’t the first casino that has done this to him and I doubt it’ll be the last.” A credit-line is the upper limit of credit which a casino is prepared to extend to a valued client, usually a high-stakes player who brings significant benefit to the casino either by way of personal prominence or level of expenditure.Ĭredit-line customers can either gamble on credit or can deposit a check with the cashier, the check being taken on trust with the assumption that the depositor has sufficient funds in their account to clear it in the usual check-cashing period.Īccording to a friend of White’s, The Palms cut his credit line because he “he kicked their asses by winning BIG a few times within a short period of time so they chopped his limit )he’s aggressive in his bets) in half. It reportedly centered around the casino’s decision to cut White’s credit line in half.
Rumors abounded recently that UFC president Dana White and Las Vegas casino The Palms had had a fall-out.
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