Wynn Resorts Surges After Billionaire Fertitta Takes 6.1% Stake
- Fertitta becomes second-largest individual investor in Wynn
- His holdings include Golden Nugget Casinos, Houston Rockets
Tilman Fertitta
Photographer: Jin Lee/Bloomberg
This article is for subscribers only.
Wynn Resorts Ltd. surged after billionaire Tilman Fertitta acquired a stake in the hotel and casino company, operator of successful properties in Macau and on the Las Vegas strip.
A filing on Monday showed Fertitta owns 6.9 million shares of Wynn, giving him a 6.1% stake. That makes him the second-largest individual investor in the Las Vegas-based company, after co-founder Elaine Wynn, according to data compiled by Bloomberg.