Does Tilman Fertitta have designs on Wynn Resorts?

Billionaire Tilman Fertitta’s purchase of $385 million in Wynn Resorts Ltd. stock recently has raised speculation that he might be considering a takeover of the Las Vegas-based hotel-casino chain. Analysts think the buy could be a passive investment, which gives him a 6.1% stake in the company, and the timing might have to do with the slow recovery of Macao properties because of China’s stringent COVID-19 policy.