Wynn saw its share price jump 11% to 65,13 dollars per share after billionare Tilman Fertitta was revealed to have acquired a 6.1% stake in the business
In a SEC filing released over the weekend,
Wynn disclosed that billionaire Golden Nugget owner and television personality
Tilman Fertitta has acquired
6.9 million shares in the Las Vegas-based business, making him the second largest single investor in the company after Elaine Wynn.
Fertitta has extensive experience in both hospitality and gaming through his ownership of the Golden Nugget casino chain.
The markets
reacted positively the announcement in a jolt to Wynn's share price. The company's stock had fallen 51,5% since May 2021 as the business has been buffeted by the historically weak gaming environment in Macau, where has significant operations as one of the six concessionaires.
18+ | Juegoseguro.es – Jugarbien.es
