This content is from: Premium

Lone Pine Capital, Melvin Capital Bet Big on Wynn

The hedge fund firms are wagering that the worst is behind the embattled casino company.

The so-called smart-money set is placing a sizable wager on the shares of Wynn Resorts.In the past three weeks alone at least two hedge fund honchos aggressively boosted their stakes in the casino operator’s depressed stock, which is down about 30 percent from its May high. On Thursday, Stephen Mandel Jr.’s

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content