Rep. Dan Crenshaw (R-TX) purchased Wynn Resorts (NASDAQ: WYNN) shares worth between $1,001 and $15,000 on October 25, 2022, just days before Tilman Fertitta's significant stake in the casino operator became public knowledge.

Fertitta acquired his initial 6.1% stake (6.91 million shares) on October 19, 2022. When this information became public through an SEC filing on October 31, Wynn's stock surged 10% intraday, making Crenshaw's investment immediately profitable.

While Fertitta is known for supporting Republican candidates, including President-elect Trump and Gov. Greg Abbott (R-TX), there are no documented direct political contributions from Fertitta to Crenshaw since 2018. Though Crenshaw's district is near Houston where Fertitta resides, they don't share the same district.

The timing of Crenshaw's purchase has drawn attention amid growing concerns about congressional stock trading. While some lawmakers have proposed banning members of Congress from trading individual stocks, Crenshaw has maintained his position in Wynn for over two years, benefiting from a 56% increase in share value since his initial purchase.

Recently, Fertitta increased his stake in Wynn to nearly 10%, further boosting the stock's performance. Among Congress members, Wynn stock isn't widely held, with only Rep. Ro Khanna (D-CA) making a recent purchase of $1,001 to $15,000 worth of shares in September.

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