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Landry's CEO Fertitta becomes Wynn Resorts' largest individual shareholder with nearly 10% stake

CNBC
Summary
Nutrition label

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 .

VR Score

82

Informative language

87

Neutral language

41

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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