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 .
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 .