Fertitta Entertainment Inc
Tilman Fertitta Increases his Stake in Wynn Resorts
Tilman Fertitta, the largest individual shareholder of Wynn Resorts, increased his stake in the casino group with trades on April 4 and April 7.
Prior to the recent trades, disclosure records listed him as holding a 10% stake in Wynn Resorts. His latest share purchases, totaling 400,000 shares, were made at prices ranging from $67.62 to nearly $70.31 per share.
These transactions bring Fertitta’s total stake to 13 million shares, solidifying his position as the largest individual shareholder in the company.
Fertitta is the CEO of Houston-based Fertitta Entertainment with its Golden Nugget casino brand, restaurants and the NBA’s Houston Rockets. He announced plans to resign from his post at Feritta Entertainment if he is confirmed as ambassador to Italy and San Marino.
The billionaire took advantage of a steep drop in the stock market by acquiring more shares of Wynn Resorts at close to its 52-week low. Wynn saw its shares close at $67.93 on April 7, marking their lowest trading level since late 2022.
The share purchases were executed through various Fertitta-controlled entities, including Fertitta Entertainment Inc., Hospitality Headquarters, and Fertitta Entertainment LLC. As the sole proprietor of these organizations, Fertitta maintains shared beneficial ownership of the acquired securities.
Feritta has yet to file a SEC 13D form, which would allow him to have a greater influence on the company instead of remaining a silent shareholder.
The post Tilman Fertitta Increases his Stake in Wynn Resorts appeared first on Gaming and Gambling Industry in the Americas.
Landcadia Holdings II Inc. has secured regulatory approval from the New Jersey Casino Control Commission to acquire Golden Nugget Online Gaming Inc. (GNOG).
“We are appreciative of the efforts of both the New Jersey Division of Gaming Enforcement and the Casino Control Commission in approving our transaction,” Tilman J. Fertitta, Co-Chairman and CEO of Landcadia II, said.
“With this regulatory approval, we are one step closer to completing our acquisition of GNOG. We are now waiting on the SEC to approve our definitive proxy statement for mailing to our stockholders and approval from our stockholders of the transaction, which we hope will happen in the near future,” Landcadia II’s General Counsel Steven L. Scheinthal said.
Landcadia Holdings II, Inc. is a company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses that is co-sponsored by Fertitta Entertainment Inc. and Jefferies Financial Group Inc.
Powered by WPeMatico
-
Balkans4 days agoCT Gaming Expands in Macedonia with a Landmark Installation
-
AGCO5 days ago
Playnetic granted Ontario supplier license
-
Asia3 days ago
ESFI’s Lokesh Suji Re-Elected as Asian Electronic Sports Federation VP, South Asia, Strengthening India’s Esports Leadership
-
BiS SiGMA Americas4 days ago
OKTO Sets New Standards in Digital Payments at BIS SIGMA Americas
-
Aristocrat Interactive4 days ago
Logifuture enters Mexico as Zoom Soccer via Aristocrat Interactive partnership
-
Canada4 days ago
ELK Studios Expands Partnership with SkillOnNet to Ontario Market
-
California2 days ago
California Gambling Control Commission Reviews Licensing and Suitability Applications in April 2025 Meeting
-
Latest News3 days ago
NOVOMATIC Argentina hosted a successful event with the ‘NOVOMATIC Experience’ during SAGSE 2025
