Wynn ResortsWYNN
About: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and the US, respectively. In 2024, both the US and Macao were each 50% of total EBITDA.
Employees: 28,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $1.51B | Put options by funds: $998M
30% more funds holding in top 10
Funds holding in top 10: 10 [Q3] → 13 (+3) [Q4]
29% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 85
3% more funds holding
Funds holding: 549 [Q3] → 564 (+15) [Q4]
0.92% less ownership
Funds ownership: 64.85% [Q3] → 63.93% (-0.92%) [Q4]
10% less repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 201
13% less capital invested
Capital invested by funds: $6.97B [Q3] → $6.05B (-$922M) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Morgan Stanley Stephen Grambling 41% 1-year accuracy 11 / 27 met price target | 38%upside $103 | Overweight Maintained | 24 Feb 2025 |
Jefferies David Katz 22% 1-year accuracy 6 / 27 met price target | 58%upside $118 | Buy Upgraded | 18 Feb 2025 |
Macquarie Chad Beynon 18% 1-year accuracy 9 / 49 met price target | 54%upside $115 | Outperform Maintained | 14 Feb 2025 |
Stifel Steve Wieczynski 0% 1-year accuracy 0 / 3 met price target | 71%upside $128 | Buy Maintained | 14 Feb 2025 |
Barclays Brandt Montour 28% 1-year accuracy 22 / 79 met price target | 55%upside $116 | Overweight Maintained | 14 Feb 2025 |
Financial journalist opinion
Based on 14 articles about WYNN published over the past 30 days
