U.S. billionaire Tilman Fertitta – the largest individual shareholder of Wynn Resorts Ltd – made April 4 and April 7 trades enlarging his stake in the casino group. Following those exercises, Mr Fertitta held 13 million shares in the firm, according to the respective disclosure records.
The United States-based Wynn Resorts is the parent of Wynn Macau Ltd, the latter operator of Wynn Macau, and Wynn Palace, in the Chinese gambling hub Macau.
Mr Fertitta – reported in the disclosure records as a 10-percent owner in Wynn Resorts prior to the latest moves – made a series of share purchases on those two April dates. They involved an aggregate of 400,000 shares, at prices ranging from US$67.62, to nearly US$70.31 per share.
Monday, April 7, coincided with Wynn Resorts’s stock closing at US$67.93 per share, its lowest trading level since late 2022.
Monday also saw share prices for listed casino businesses in Asia – including Macau-related names – fall, as the Hong Kong Stock Exchange led losses in the region, coinciding with growing fears of a global trade war sparked by tariffs introduced by the U.S.
