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Wynn stock surges on investment by Tilman Fertitta

1st November 2022 12:04 pm GMT

Shares in Wynn Resorts gained almost 10 per cent in New York Monday after casino executive Tilman Fertitta acquired a significant stake in the business.

A Securities and Exchange Commission filing published Monday shows Tilman Fertitta acquired 6,917,551 shares in Wynn Resorts on October 19, giving him a 6.1 per cent stake in the casino resort operator.

Tilman Fertitta acquired 99,425 shares in Wynn, with a further 10,000 shares acquired by Fertitta Entertainment, and 6,808,126 shares by [...]

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