Tilman Fertitta, the billionaire investor and majority owner of Fertitta Entertainment, has significantly increased his investment in Wynn Resorts Ltd. The Texas-based mogul recently purchased shares worth $27.87 million, further consolidating his position as the largest individual shareholder in the luxury casino and hospitality giant. This move, made through a series of transactions in early April 2025, in addition to a series of purchases he made earlier in the year, signals Fertitta’s continued confidence in Wynn Resorts amid a period of market uncertainty.

A strategic acquisition amid stock weakness:

Fertitta’s latest share purchases, totaling 400,000 shares, were made at prices ranging from $67.62 to $70.31 per share. This brings his total holdings in Wynn Resorts to 13 million shares, reinforcing his status as the largest stakeholder in the company. The timing of these acquisitions appears to be strategic, with Wynn’s stock price hovering near a 52-week low of $66.20. Fertitta’s decision to increase his stake comes as Wynn Resorts’ stock has been struggling, currently down 23.3% year-to-date.

The casino giant’s stock price has been on a downward trajectory, reaching its lowest point in over two years. Despite this, Fertitta’s purchase comes at a time when technical indicators suggest the stock is oversold, which might imply a potential upside in the future. Investors and market watchers will be closely analyzing whether Fertitta’s increased stake will drive a positive shift in Wynn’s performance and stock price in the coming months.

Fertitta’s purchase of Wynn shares is the latest in a series of investments he has made over the past few months. Earlier in 2025, Fertitta had already acquired shares worth over $1 million, a sign of his ongoing commitment to the company. According to Stockwits, his acquisition of Wynn shares began in November 2024, when he first became the largest shareholder, increasing his holdings to nearly 10%.

Wynn Resorts, with its premium properties in Las Vegas and Macau, remains a key player in the global hospitality and gaming industry. The company is also working on its first property in the UAE, which is set to open in 2027. Despite recent challenges, including regulatory issues and economic uncertainties, Wynn Resorts has strong potential for growth, especially with its expansive global reach and robust operations in key international markets.

Wynn Resorts’ recent performance and market sentiment:

In its most recent earnings report, Wynn Resorts posted a strong performance in certain areas. The company’s fourth-quarter earnings exceeded analysts’ expectations, with a normalized earnings per share (EPS) of $2.42, well above the consensus estimate of $1.15. Wynn’s revenue for the quarter totaled $1.84 billion, slightly surpassing expectations by $69 million. Wynn’s operations in Las Vegas showed a slight revenue increase to $700 million, while Wynn Macau experienced a 6% year-over-year decline in revenue to $364 million. However, Wynn Palace in Macau saw a more positive performance, with a 7% revenue increase to $563 million.

Despite some challenges, including a decline in Macau revenue, analysts remain bullish on Wynn’s long-term prospects. Jefferies upgraded Wynn’s stock from Hold to Buy, raising its price target to $118, citing the company’s long-term capital investment plans and its robust core business. Other analysts, such as Stifel and CFRA, also raised their price targets for Wynn, maintaining positive outlooks for the company’s future.

Fertitta’s ongoing investment in Wynn Resorts is being closely monitored by investors, particularly given his influential role in the company. Fertitta, who also owns Golden Nugget casinos, has a strong track record of making strategic investments in the gaming and hospitality sectors. His involvement in Wynn is seen as a positive sign, particularly when insiders increase their holdings in times of market weakness, which often signals confidence in the business.