Wynn Resorts Plunges 7% — Fertitta’s $1.5B Bet on a Comeback

Wynn Resorts just can’t catch a break — weak Macau results, a $5.5M fine, and an abandoned New York casino bid have investors spooked. But billionaire Tilman Fertitta is buying big, quietly building a 12% stake. Is he seeing a turnaround no one else does?