shares jumped on Monday after billionaire Tilman Fertitta unveiled a stake in the casino operator.
In a Form 13G filed with the Securities and Exchange Commission, Fertitta, owner of the Houston Rockets basketball team, said he now holds 6.9 million shares of
implying a 6.1% stake. Form 13Gs are filed whenever a party’s ownership of stock exceeds 5% of the total issue.
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