Fertitta remains a passive Wynn investor, lawyer tells Nevada regulator
Fertitta Entertainment general counsel Steven Scheinthal told Nevada gaming regulators that Tilman Fertitta remains a passive Wynn Resorts investor. Scheinthal said the company was content while Wynn management took steps to create shareholder value; Fertitta’s stake had risen to nearly 13%, according to a securities filing described in the coverage.
Wynn investors may weigh the company’s largest shareholder’s stated passive position against his nearly 13% stake.