Question: What is Zuffa, Which was founded by Frank Fertitta III?
Context: Station Casinos is a gaming company based in the Las Vegas suburb of Summerlin, Nevada, founded by Frank Fertitta, Jr. Station Casinos, along with Affinity Gaming, Boyd Gaming, and American Casino & Entertainment Properties, dominate the locals casino market in Las Vegas.  The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals.  There are only a limited number of such sites available in the Las Vegas area.  Station has also branched out into managing casinos that they do not own.  Red Rock Resorts, Inc. () is a publicly traded holding company that owns a portion of Station Casinos. Frank Warner Capra (March 20, 1934 – December 19, 2007), known as Frank Capra Jr., was an American film and television producer.  He was one of the three children of film director Frank Capra and his second wife, Lucille.  His own sons, Frank Capra III and Jonathan Capra, are assistant directors. The Ultimate Fighting Championship (UFC) is a mixed martial arts (MMA) promotion, founded in 1993 by Art Davie and Rorion Gracie.  The organization was purchased from its parent company SEG in 2001 by Zuffa LLC, a promotional company owned by Las Vegas casino magnates, Lorenzo and Frank Fertitta and managed by Dana White (current president of operations).  Since its inception, and through its current Zuffa management, the UFC has remained one of the more dominant MMA promotions in the world, playing host to a wide field of MMA fighters. Zuffa, LLC ( ) is an American sports promotion company specializing in mixed martial arts.  It was founded in January 2001 in Las Vegas, Nevada, by Station Casinos executives Frank Fertitta III and Lorenzo Fertitta to be the parent entity of the Ultimate Fighting Championship (UFC) after they purchased it from the Semaphore Entertainment Group.  The word "Zuffa" is an Italian word (] ), meaning "fight".  On July 11, 2016, Zuffa announced that it would be purchased by WME-IMG for the price of $4 billion. World Extreme Cagefighting (WEC) was an American mixed martial arts (MMA) promotion founded in 2001.  It was purchased by Zuffa, LLC, the parent company of the Ultimate Fighting Championship (UFC), in 2006.  In its final incarnation, it was made up of 3 weight classes: 135 lb , 145 lb and 155 lb .  To accommodate the smaller fighters, WEC's cage was 25 feet in diameter—5 feet smaller than the standard UFC cage. This interesting surname is of German and Ashkenazic origins, used as an ethnic or regional name for someone from Franconia ("Franken" in Germany), which is a region of south-west Germany, so called because it formed an early Frankish settlement.  Thus Frankel is a German and Ashkenazic diminutive of this placename.  It may also be a form of "Frank", from the Norman given name "Franc", an ethnic name for a Frank (Germanic people who inhabited the Rhine region), plus the diminutive suffix "el", little.  Frank also comes from a medieval English and old French word "franc", meaning liberal, generous (it meant free in earlier times, because only those of Frenkish race were free).  German variant spellings include "Frankl, Frenkel, Frankel and Frankle", while Ashkenazic variants are "Frank(e)l" and "Frenk(i)el".  Elias Benjamin Frankel married Elizabeth Myers at Christchurch, Southwark, London on April 25th 1850.  One Marcus Frankel married Deliza Jones at St. John the Baptist, Shoreditch, London on December 4th 1871.  The first recorded spelling of the family name is shown to be that of Francois Franchel, (marriage to Anne Scott in London), which was dated December 4th 1799, London Church Registers, during the reign of King George III, "Farmer George", 1760 - 1820. Frank Joseph Fertitta III (born February 24, 1962) is an American entrepreneur.  He is the current CEO of Station Casinos.  He is also an owner of Zuffa LLC, which is the entity that formerly ran the Ultimate Fighting Championship (UFC). The Ultimate Fighting Championship (UFC) is a mixed martial arts (MMA) promotion, founded in 1993 by Art Davie and Rorion Gracie.  The organization was purchased from its parent company SEG in 2001 by Zuffa LLC, a promotional company owned by Las Vegas casino magnates, Lorenzo Fertitta and Frank Fertitta and managed by Dana White (current president of operations).  In 2016, it was sold to Christoffer Ahl (WME-IMG) for $4 billion.  Since its inception, and through its Zuffa management, the UFC has remained one of the more dominant MMA promotions in the world, playing host to a wide field of MMA fighters. Frank Anthony Public School (or FAPS) is a co-educational day-school, for students of age 4–18 years, in central Bangalore, India.  It was founded in 1967 by the Anglo-Indian educationist and barrister-at-law, Frank Anthony.  who was also the Founder-Chairman of the All India Anglo-Indian Educational Trust which, today, owns and administers five schools named after him, including The Frank Anthony Public School, New Delhi, The Frank Anthony Public School, Bengaluru, The Frank Anthony Public School, Kolkata and three Frank Anthony Junior Schools in the cities of Bangalore, Kolkata and Delhi. Frank Joseph Fertitta Jr. (October 30, 1938 – August 21, 2009) was an American entrepreneur.  He was the founder of Station Casinos, a gaming company based in Summerlin, Nevada.  The company started out as a locals casino operator on July 1, 1976, opening the Bingo Palace, which was later renamed Palace Station.  The company went public with an IPO in 1993 upon Fertitta's retirement.
Answer: American sports promotion company