{"id":368,"date":"2025-08-29T16:53:49","date_gmt":"2025-08-29T16:53:49","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=368"},"modified":"2025-09-22T12:09:05","modified_gmt":"2025-09-22T12:09:05","slug":"wynn-uae-casino-could-propel-shares","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/08\/29\/wynn-uae-casino-could-propel-shares\/","title":{"rendered":"Wynn UAE Casino Could Propel Shares"},"content":{"rendered":"<ul>\n<li><strong>More analysts are coming around on Wynn\u2019s upcoming UAE casino resort<\/strong><\/li>\n<li><strong>UBS upgraded the stock on the UAE opportunity set<\/strong><\/li>\n<li><strong>Analyst says Wynn may be too restrained with its UAE estimates<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Wynn Resorts\u2019 (NASDAQ: WYNN) Wynn Al Marjan Island in the United Arab Emirates (UAE) is gaining more attention from sell-side analysts as a potential long-term catalyst for the operator\u2019s stock.<\/p>\n<figure id=\"attachment_348484\" aria-describedby=\"caption-attachment-348484\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-348484 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"UAE\" width=\"1200\" height=\"899\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/09\/uae.jpg\"><figcaption>Construction at Wynn Al Marjan Island in the United Arab Emirates (UAE). UBS upgraded Wynn on optimism around the UAE venue. (Image: <em>Trade Arabia<\/em>)<\/figcaption><\/figure>\n<p>On Thursday, UBS analyst Robin Farley upgraded shares of Wynn to \u201cbuy\u201d from \u201chold,\u201d citing potential upside attributable to the UAE casino resort, adding that Wynn may be too conservative with its estimates on what will be <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-could-feature-more-casinos-than-expected\/\">the first regulated gaming venue<\/a> in the Middle East.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>We estimate run rate adjusted property earnings before interest, taxes, depreciation, amortization, and management fees (EBITDAM) of $730 million, representing meaningful upside to WYNN&#8217;s base case adjusted property EBITDAM estimate of $625 million,\u201d notes Farley. \u201cWe anticipate that WYNN being the only gaming operator in the UAE should provide a meaningful head start in capturing loyalty among ultra high net worth international customers.\u201d<\/p>\n<\/blockquote>\n<p><strong>Farley lifted her price target on Wynn to $147 from $101, implying upside of nearly 16% from current levels. The shares, which are up 47.24% year-to-date, hit a 52-week high earlier this week.<\/strong><\/p>\n<h2>Wynn UAE Casino Could Be Estimate-Beater<\/h2>\n<p>Las Vegas-based hasn\u2019t been shy about describing the UAE property as a compelling opportunity and one with attractive long-term growth prospects, but as Farley notes, the operator may be too restrained in its forecasts for the venue.<\/p>\n<div class=\"callout\">\n<p>The analyst said her aforementioned $730 EBITDAM estimate would be toward the high end of Wynn\u2019s projected range of $500 million to $800 million. Add to that, some gaming industry observer believe the UAE could become the <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-kick-start-worlds-fourth-largest-gaming-market\/\">fourth-largest gaming market<\/a> in the world in the future, trailing only Macau, Las Vegas, and Singapore.<\/p>\n<\/div>\n<p>It is possible that if other emirates approve casino gaming, UAE as a whole could eventually ascend to the fourth spot among global gaming markets. Some analysts believe that with contributions from other integrated resorts in the future, the UAE could be <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-drive-350m-in-cash-flow-says-analyst\/\">a $3 billion to $5 billion<\/a> market in terms of annual gross gaming revenue (GGR). Still, there\u2019s no denying that Wynn Al Marjan Island is going to have a multi-year monopoly \u2013 one that will allow to cultivate loyalty among the well-heeled locals and tourists that travel to the UAE.<\/p>\n<p>Farley highlight\u2019s Wynn\u2019s \u201cgaming-plus\u201d model as potentially additive in the UAE, meaning the operator will continue its playbook of emphasizing plush amenities, high-end dining and entertainment, and tony retail stores in an effort <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-to-benefit-from-demographics-taxes\/\">to take the focus off<\/a> betting. UBS estimates Wynn Al Marjan Island could be worth$34 a share, well above the $7 to $12 implied in the operator\u2019s share price today.<\/p>\n<h2>Macau Carrying the Day for Wynn Shares<\/h2>\n<p>With the UAE casino hotel slated to open in early 2027 and things slow on the Las Vegas Strip, Wynn is a Macau story and that\u2019s a good thing because gross gaming revenue (GGR) <a href=\"https:\/\/www.casino.org\/news\/macau-casino-stocks-have-more-upside-potential-says-analyst\/\">is rebounding<\/a> in significant fashion, flirting with the highest levels since before the coronavirus pandemic.<\/p>\n<p><strong>UBS lifted its Macau GGR growth forecasts for this year and 2026, calling for increases of 8% and 5%, respectively, adding that Wynn is likely to maintain or increase its already solid positioning among premium mass bettors and VIPs. Farley upped her valuation for Wynn\u2019s Macau business to $76 a share from $49.<\/strong><\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-propel-shares\/\">Wynn UAE Casino Could Propel Shares<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More analysts are coming around on Wynn\u2019s upcoming UAE casino resort UBS upgraded the stock on the UAE opportunity set Analyst says Wynn may be too restrained with its UAE estimates Wynn Resorts\u2019 (NASDAQ: WYNN) Wynn Al Marjan Island in the United Arab Emirates (UAE) is gaining more attention from sell-side analysts as a potential long-term catalyst for the operator\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/368"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=368"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/368\/revisions"}],"predecessor-version":[{"id":370,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/368\/revisions\/370"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/309"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=368"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}