Landry's CEO Fertitta becomes Wynn Resorts' largest individual shareholder with nearly 10% stake
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Billionaire Tilman Fertitta has increased his stake in Wynn Resorts to 9.9%, becoming the largest individual shareholder. Although the filing indicates a passive position, sources suggest Fertitta may become more demanding.
November 14, 2024 | 8:30 pm
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Tilman Fertitta has acquired a 9.9% stake in Wynn Resorts, making him the largest individual shareholder. The filing suggests a passive position, but insiders speculate he may become more active.
Fertitta's significant stake in Wynn Resorts could lead to strategic changes or influence over company decisions, potentially impacting stock prices positively if his involvement is perceived as beneficial.
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