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

news7f10/31/2022

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

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.

Beach Hotels in Wynn

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

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

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