Wynn Resorts shares rise as Houston Rockets Owner Tilman Fertitta reveals stake

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Shares spiked on Monday after billionaire Tilman Fertitta revealed a stake in the casino operator.

In a Form 13G filed with the Securities and Exchange Commission, Fertitta, owner of the Houston Rockets basketball team, said he now holds 6.9 million shares of the company.

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implies a 6.1% share. Form 13G is filed whenever a party’s share ownership exceeds 5% of the total issue.


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