It closed Friday at $58.30, down from $90.78 a year earlier. The securities filing did not disclose how much Fertitta paid for his ownership stake, but Wynn’s stock price has tumbled over the past year. Shares of Wynn closed Monday at $63.90, up $5.60, or 9.61 percent. 19 - the same day Fertitta secured approvals to develop a 43-story hotel-casino on the Strip.įertitta is now one of the largest shareholders in Wynn, whose stock soared on the news. Cannon/Las Vegas Review-Journal) Fertitta has acquired a big ownership stake in Wynn Resorts Ltd., giving him an immediate foothold in the Strip’s casino industry as the billionaire sets out to build a towering resort on Las Vegas Boulevard.įertitta acquired 6.9 million shares in Las Vegas-based Wynn, a 6.1 percent stake, according to a filing Monday with the Securities and Exchange Commission.Īccording to the filing, the “date of event” was Oct. Tilman Fertitta has acquired 6.9 million shares in Las Vegas-based Wynn Resorts Ltd.
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