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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
25% more call options, than puts
Call options by funds: $769M | Put options by funds: $617M
0.16% more ownership
Funds ownership: 64.02% [Q4 2024] → 64.18% (+0.16%) [Q1 2025]
9% less repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 206
4% less funds holding
Funds holding: 566 [Q4 2024] → 544 (-22) [Q1 2025]
6% less capital invested
Capital invested by funds: $6.05B [Q4 2024] → $5.69B (-$368M) [Q1 2025]
15% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 92
38% less funds holding in top 10
Funds holding in top 10: 13 [Q4 2024] → 8 (-5) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Mizuho Ben Chaiken | 45%upside $122 | Outperform Maintained | 8 May 2025 |
Barclays Brandt Montour | 18%upside $99 | Overweight Maintained | 22 Apr 2025 |
Financial journalist opinion
Based on 10 articles about WYNN published over the past 30 days
