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Fact-checked by Angel Hristov
Tilman Fertitta Bolsters His Influence Within Wynn Resorts
By increasing his ownership stake in Wynn, Fertitta aims to address the company’s perceived complacency and bolster its financial performance

Billionaire entrepreneur Tilman Fertitta, known for his ventures in hospitality and gaming, has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the US Securities and Exchange Commission (SEC). The filing currently designates Fertitta’s position as “passive,” but industry insiders have reportedly hinted that the Houston billionaire may soon push for strategic changes.
Fertitta Has a Rich Investment History
Fertitta, who owns the restaurant empire Landry’s and casinos under the Golden Nugget brand, is reportedly unhappy with how Wynn Resorts management communicates the company’s performance to investors. Fertitta reportedly believes there are unleveraged opportunities to expand the Wynn brand in the US, criticizing current management for not fully capitalizing on them.
Despite Fertitta’s current “passive” label, his track record suggests he could become more involved in shaping Wynn’s future. His history includes successful acquisitions and an aggressive approach to scaling businesses. His increased stake in Wynn Resorts has already boosted investor confidence, with shares surging over 10% following the announcement.
Fertitta owns a casino in downtown Las Vegas and has acquired land on the Strip, likely reserving it for a future property. However, if Fertitta’s aspirations extend to a full takeover of Wynn, he may face challenges. The operator’s status as the majority owner of Wynn Macau Ltd. means the Chinese government must approve any significant ownership changes for regional operators.
The Operator Relies on Its Overseas Projects
Wynn Resorts has experienced a turbulent year, particularly in its online betting ventures, where it has scaled back operations. These results contrast with Fertitta’s own ventures, which include a successful online casino business he sold to DraftKings. The mixed Q3 financial performance could be why Fertitta decided to bolster his influence within the company.
Despite Wynn’s short-term setbacks, analysts remain optimistic regarding the company’s prospects. The Wynn Al Marjan Island resort in Ras Al Khaimah, slated to be the Emirates’ first integrated resort, has been identified as a key growth opportunity. The project could position the UAE as the fourth-largest gaming market in the world, placing it alongside Las Vegas, Macau, and Singapore.
The market has reacted positively to Fertitta’s increased stake, noting that his involvement would, at minimum, help bolster investor relations. Industry experts will closely monitor whether the billionaire will retain his current passive position or he will leverage his increased influence to introduce broader strategic changes and reshape the operator’s trajectory.
Deyan is an experienced writer, analyst, and seeker of forbidden lore. He has approximate knowledge about many things, which he is always willing to apply when researching and preparing his articles. With a degree in Copy-editing and Proofreading, Deyan is able to ensure that his work writing for Gambling News is always up to scratch.
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