Tilman Fertitta Bullish on Wynn and DraftKings Prospects for 2024
Date: 2023-12-25 Author: Dima Zakharov Categories: PEOPLE
Golden Nugget's Founder Sees Bright Future for Gaming Sector
Billionaire entrepreneur Tilman Fertitta, known for his Golden Nugget brand's success in the iGaming industry, believes that 2024 will be a remarkable year for gaming. During an interview with CNBC's Brian Sullivan, Fertitta not only discussed his own ventures but also pointed out the potential of other sector giants.
Wynn Resorts: A Consistent Performer
Fertitta emphasized that as long as there's interest in gaming in Las Vegas, Wynn Resorts will maintain its leading position. Fertitta, who holds a 6.1% stake in Wynn Resorts, has a vested interest in the company's performance. While he hasn't expressed plans to acquire the company, his investment signifies his belief in its future success.
DraftKings' Bright Outlook
Fertitta's optimism extends to DraftKings, thanks to its acquisition of Golden Nugget Online Gaming in a $1.56-billion deal. This strategic move positions DraftKings strongly in both iGaming and sports betting. Fertitta predicts that only a handful of companies will dominate the entire industry, not just within specific states but throughout the United States and beyond.
As we approach 2024, Fertitta's confidence in the gaming sector's future, with a focus on Wynn Resorts and DraftKings, suggests that these companies may be ones to watch in the coming year.
