Business Tycoon and Wynn Resorts Co-Founder, Elaine Wynn, Passes Away at 82 Years Old
Businessman Tilman Fertitta Now Largest Individual Shareholder of Wynn Resorts
In a notable shift, Tilman Fertitta, a prominent American businessman and television personality, has become the largest individual shareholder of Wynn Resorts. Fertitta's significant investment in the company was finalized in April 2025.
Fertitta, best known as the owner of Landry's, Inc., and the former owner of the Houston Rockets, has taken his stake in the casino and hospitality giant to a substantial level. He first acquired a 9.9% stake in November 2024 and continued to build his holdings over the following months. As of May 2025, Fertitta holds more than 13 million shares, which equates to over 10% of Wynn Resorts' ownership.
It is worth noting that Fertitta operates as a passive investor, meaning he does not intend to exert direct influence on the company's operations. This strategy allows him to fulfill his current role as the U.S. ambassador to Italy and San Marino.
Tilman Fertitta's net worth is estimated at $10.7 billion, as of May 2025. His extensive business portfolio includes various ventures, such as restaurant chains and entertainment venues, in addition to his investments in the sports industry.
Previously, Elaine Wynn, a significant influencer in both education and art, held the title of the largest individual shareholder of Wynn Resorts. With Fertitta's recent acquisition, she has been replaced in this role.
Grant Mitchell, a former graduate of Virginia Tech and a former NCAA track and field athlete, provides up-to-the-minute coverage of headlines in the sports betting industry. Grant joined the professional ranks in 2021 and quickly established a reliable reputation in the industry, working with entities such as Forbes and VSiN. When he's not working, you can find him exercising, exploring the city, or watching the day's big game. For more of Grant Mitchell's analysis, visit [link to relevant article].
- Tilman Fertitta, with his substantial investment in Wynn Resorts, has transitioned into being the largest individual shareholder of the online casino and hospitality giant, delving deeper into the industry.
- Fertitta's growing interests don't exclude him from the sports betting industry, as his extensive business portfolio also encompasses various sports-related ventures.
- In 2025, Fertitta's strategic move to acquire more than 13 million shares resulted in the progressive jackpot of over 10% of Wynn Resorts' ownership, climbing over Elaine Wynn's previous stake.
- With Fertitta's notable shift in financial affairs, the landscape of the casino industry will see a shift, especially with regard to sports betting and online casinos like blackjack and Vegas-style games that feature progressive jackpots.
