Wynn Resorts Jumps 9% As Tilman Fertitta Reveals 6% Stake

Shares of Wynn Resorts (WYNN) jumped 9% on Monday morning driven by the news that billionaire investor and restaurant owner Tilman Fertitta now holds 6.1% stake in the casino operator.

Fertitta has garnered about 6.9 million shares in Wynn, according to a 13-G filing made public on Monday.

Hospitality Headquarters Inc., a Houston-based group controlled by Fertitta, as well as Fertitta Entertainment, which owns the Golden Nugget casino, were also named in the share purchase.

WYNN is currently trading at $64.01, up $5.71 or 9.79%, on the Nasdaq. The stock opened its trading at $61.69 after closing Friday's trading at $58.30. The stock has traded between $50.20 and $99.00 in the 52-week period.

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