Tilman Fertitta Becomes Wynn Resorts' Largest Shareholder with 9.9% Stake

The billionaire's increased investment in Wynn Resorts boosts share prices amid speculation of future influence.

Tilman Fertitta, CEO of Landry's and owner of the Houston Rockets, increased his stake in Wynn Resorts from 6.2% to 9.9%.
The news of Fertitta's investment led to a significant rise in Wynn Resorts' stock price, which surged by over 9% on Thursday.
Fertitta's acquisition makes him the largest individual shareholder, surpassing co-founder Elaine Wynn.
Despite the increased stake being labeled as passive, industry insiders speculate Fertitta may seek a more active role.
Wynn Resorts recently reported a third-quarter financial loss, with missed revenue expectations in both Macao and Las Vegas operations.