Fertitta Increases Wynn Stake
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Golden Nugget casinosCNBC
•Landry's CEO Fertitta becomes Wynn Resorts' largest individual shareholder with nearly 10% stake
73% Informative
Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9% , according to a filing.
The filing indicates a passive position, though multiple people familiar with the matter tell CNBC they suspect he will be demanding.
Fertita replaces cofounder Elaine Wynn as the company's largest shareholder.
Wynn Las Vegas is the top-of-the-line, uber-luxurious resort on the Strip .
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