Wynn Resorts (WYNN)

• Market cap: $12.8B
• 1 day: -1.77%
• 5 days: -1.01%
• 1 month: 11.59%
• 3 months: 36.21%
• 6 months: 39.64%
• Year to date: 44.01%
• 1 year: 52.86%
• 5 years: 51.49%
• 10 years: 63.57%
• Sector: Consumer Discretionary
• Industry: Resorts & Casinos

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 Q2 regulatory disclosures by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 8 [Q1] → 12 (+4) [Q2]

19% more capital invested

Capital invested by funds: $5.69B [Q1] → $6.77B (+$1.08B) [Q2]

18% more call options, than puts

Call options by funds: $1.13B | Put options by funds: $962M

4.52% more ownership

Funds ownership: 64.18% [Q1] → 68.69% (+4.52%) [Q2]

7% less funds holding

Funds holding: 546 [Q1] → 507 (-39) [Q2]

28% less repeat investments, than reductions

Existing positions increased: 162 | Existing positions reduced: 224

33% less first-time investments, than exits

New positions opened: 66 | Existing positions closed: 99

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $109
• Avg. target: $128
• High target: $147

11 analyst ratings

• positive: 10 91%
• neutral: 1 9%
• negative: 0 0%

Morgan Stanley Stephen Grambling	$128	Overweight Maintained	11 Sep 2025
Argus Research John Staszak	$145	Buy Upgraded	3 Sep 2025
UBS Robin Farley	$147	Buy Upgraded	28 Aug 2025
Mizuho Ben Chaiken	$126	Outperform Maintained	11 Aug 2025
Jefferies David Katz	$133	Buy Maintained	11 Aug 2025