Update shared on29 Aug 2025
Fair value Increased 2.20%Driven by stronger Macau estimates, early UAE expansion optimism, and resilient Las Vegas performance—partially offset by near-term Macau share loss concerns and sector risks—the consensus analyst price target for Wynn Resorts has increased modestly from $123.06 to $125.76.
Analyst Commentary
- Bullish analysts highlight increased Macau estimates and a more optimistic outlook for Wynn's Al Marjan resort, citing first-mover advantage in the UAE to capture loyalty among ultra high net worth international customers.
- Bearish analysts point to expected near-term market share losses in Macau, though this is partially offset by Wynn Resorts' $1B share buyback program supporting the stock.
- Bullish analysts emphasize Wynn’s “best-in-class” Las Vegas assets, resilient high-end consumer base, diversification away from gaming, and significant reinvestment in properties, leading to anticipated 2026 tailwinds.
- Macro uncertainty in U.S. land-based gaming and potential tariff pressures on consumers present sector risks, while digital gaming faces regulatory and tax headwinds; limited investor appetite exists for China-exposed stocks amid geopolitical and economic concerns.
- Analysts recommend a tactical approach in gaming sector investments, with relative preference generally for regionals and Las Vegas locals, but still recognize high potential rewards alongside heightened risk for Wynn Resorts.
What's in the News
- Wynn Resorts completed the purchase of Wynn Mayfair from Crown Resorts, expanding its European and Middle Eastern footprint; the prestigious London casino enhances Wynn’s luxury gaming offering ahead of its planned UAE resort opening in 2027 (Key Developments).
- The company repurchased 2,004,418 shares (1.91% of outstanding) for $158.35 million between April 1 and June 30, 2025, bringing total buybacks since 2007 to nearly $2.61 billion and 27.05% of shares (Key Developments).
- Wynn Resorts was removed from multiple Russell growth indices (including the Russell 1000, Russell 2500, Russell 3000, and Russell Midcap Growth benchmarks) at the end of June 2025 (Key Developments).
- Macau introduced visa-free entry for citizens of five Middle Eastern countries, including Saudi Arabia and Qatar, which is expected to boost gaming visitation for operators such as Wynn Resorts (Inside Asian Gaming, 2025-06-17).
- Proposed New Jersey state budget includes a tax hike of less than 20% on online sports betting and iGaming, impacting operators with NJ exposure, including Wynn Resorts (NJ.com, 2025-06-24).
Valuation Changes
Summary of Valuation Changes for Wynn Resorts
- The Consensus Analyst Price Target has risen slightly from $123.06 to $125.76.
- The Future P/E for Wynn Resorts has risen slightly from 23.65x to 24.13x.
- The Consensus Revenue Growth forecasts for Wynn Resorts remained effectively unchanged, at 4.5% per annum.
Disclaimer
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