Dana White Alleged $25 Million Debt to Red Rock Resorts: A High-Stakes Gamble in the Spotlight

In a revelation that has sent ripples through both the sports and gambling industries, Ultimate Fighting Championship (UFC) President Dana White is reportedly facing a significant financial obligation to Las Vegas-based Red Rock Resorts. An anonymous source disclosed that White allegedly owes the casino operator approximately $25.2 million in unpaid betting debts, primarily accrued from high-limit baccarat and blackjack games at the Red Rock Casino Resort in Summerlin, Nevada.

The High-Stakes Gambling Habits of Dana White

White’s penchant for high-stakes gambling is well-documented. In June, he reportedly won $1.2 million at Fontainebleau, and between January and March 2024, he boasted of winning an estimated $26–$27 million at Caesars Palace. However, his recent social media posts suggest a more turbulent period, with White admitting to being down $8 million at an undisclosed casino in July. Another post hinted at a hasty departure from a gaming venue following a rough run at a high-limit baccarat table.

Potential for a Larger Debt

The $25.2 million figure is not definitive. The same source indicated that the actual amount White owes could be as high as $50 million, based on credit extended to him for his gambling activities. This substantial sum underscores the significant financial risks associated with high-limit gambling.

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The Fertitta Connection

Adding another layer of intrigue to this story is White’s close relationship with Frank and Lorenzo Fertitta, the chairman and vice chairman of Red Rock Resorts. The Fertitta brothers were instrumental in transforming the UFC into a global powerhouse, and their financial success is partly attributed to their association with White. Given their longstanding ties, it remains to be seen how this personal connection might influence the resolution of White’s alleged debt.

Implications for Red Rock Resorts

From a financial perspective, even if White owes Red Rock Resorts up to $50 million, this amount represents less than 1% of the company’s market capitalization of $6.29 billion. Therefore, the debt poses minimal risk to Red Rock shareholders. Moreover, the casino industry often extends credit markers to high-profile gamblers, viewing them as valuable patrons despite the associated risks.