Wynn Resorts stocks surge after Tilman Fertitta acquires 6.1% stake

Wynn Resorts stocks have surged after billionaire Tilman Fertitta acquired a 6.1% stake in the hotel and casino operator. Fertitta, who now owns 6.9 million shares of Wynn, has become the second-largest individual investor in the company, after Co-Founder Elaine Wynn. Shares in the operator rose 11% to $64.64 at 11:10am in New York trading on Monday. Fertitta, owner of the Golden Nugget casinos, the Landry’s Seafood chain and NBA franchi...