Landry's CEO Fertitta becomes Wynn Resorts' largest individual shareholder with nearly 10% stake
Wynn Resorts(WYNN) CNBC·2024-11-15 04:05
The new Wynn Casino and Lisboa Casino in Macao , China.Wynn's share price popped 9% Thursday on the news, in line with its 200-day moving average. Over 20 years, the stock has exhibited lots of volatility, but not as much sustained growth.The filing indicates a passive position, though multiple people familiar with the matter tell CNBC they suspect Fertitta will be demanding.Billionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the Securities and E ...