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Stock impact report

Wynn Resorts (WYNN) Expands Global Footprint With UAE Mega-Resort, JPMorgan Raises Price Target [Yahoo! Finance]

Wynn Resorts, Limited (WYNN) 
Last wynn resorts, limited earnings: 2/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
Company Research Source: Yahoo! Finance
price target for Wynn Resorts, Limited (NASDAQ:WYNN) from $138 to $145 on December 8. The change comes after JPMorgan's tour of the United Arab Emirates and the planned opening of the Wynn Al Marjan Island (WAMI) resort in the first quarter of 2027. JPMorgan compared the UAE to Singapore in terms of its capacity to draw ultra-high-net-worth individuals from around the world, highlighting the growing confidence about both the property and the UAE's prospects as an emerging gaming destination. Meanwhile, Macquarie states that Wynn Resorts' newly disclosed financials for the Wynn Al Marjan Island development may be conservative, indicating that gross gaming revenues might potentially surpass $2 billion annually. Additionally, the firm projects that non-gaming revenue from major retail, high ADRs, and other non-gaming features would “comfortably” reach between $200 million and $400 million yearly. The firm also expects that the company's EBITDA to remain consistent in 2029 and beyon Show less Read more
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