BUZZ-Wynn Resorts jumps after casino mogul Fertitta discloses 9.9% passive stake

reuters11-14 23:59

** Wynn Resorts WYNN.O shares jump as much as 11% to $95.20 on Thurs after Tilman Fertitta reported 9.9% passive stake

** Casino mogul and Houston Rockets owner disclosed owning 10.9 mln shares, per SEC filing late Weds

** Fertitta and his affiliates first reported purchasing ~6% stake in WYNN about two years ago

** WYNN shares last up 8.3% at $92.95 on Thurs, giving co market cap of ~$10.2 bln

** On Nov 5, shares lost 9%, a day after co missed top and bottom line consensus estimates on weak Las Vegas business

** Including move on the session, shares up 2% YTD vs S&P 500's .SPX ~25% advance

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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