Market Chatter: Wynn Resorts Investor Fertitta Isn't Happy With Management, Stock Price

MT Newswires Live04:09

Wynn Resorts (WYNN) shareholder Tilman Fertitta is dissatisfied with the casino operator's performance and share price, Bloomberg reported Thursday, citing people familiar with his thinking.

Fertitta, who reported a 9.9% stake in Wynn, is said to believe management isn't doing enough to communicate the company's performance effectively to investors, and expansion opportunities are available for the brand, notably in the US, the report said.

Wynn didn't immediately reply to a request for comment from MT Newswires.

Shares of Wynn rose 9.2% in recent trading Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 93.73, Change: +7.93, Percent Change: +9.24

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