The Texas Teachers' Retirement Fund was a big investor in the Station Casinos buyout. The fund wanted to boost its returns. The Fertitta Brothers, who now own a majority of the company, were also donors to Governor Rick Perry's campaign. And the governor appointed the board that changed the teachers investment strategy to more aggressive investment in real estate and bonds. We talk with the reporter who investigated how TTRF lost its entire $99 million investment.
The presidential race isn't the only political battle on TV. Station casinos is running ads denouncing the Culinary Union for its tough anti-business tactics as it tries to organize Station workers. The Culinary Union is running ads denouncing Station's greed and racism in firing Hispanic workers. It's not far from all out war. We talk with both sides to see what is at stake and where the battle is headed.
The Fertitta brothers' mixed-martial arts league is set to host its 100th
mega-event. It's set for Saturday evening at Mandalay Bay, and we talk with Review-Journal sports columnist Ed Graney, and Sherdog.