UBS Upgrade Pushes Wynn Higher Amid Optimism for UAE Casino Resort

Wynn Resorts is gaining traction with Wall Street analysts, as excitement grows about its big project in the United Arab Emirates. UBS has upgraded the casino and hospitality company’s stock from “neutral” to “buy,” boosting its price target from $101 to $147, a possible increase of almost 20%.

Wynn Resorts Stock Climbs as UBS Sees Huge Promise in UAE Mega-casino

The reason for this boost in optimism is Wynn Al Marjan Island, a $3.9 billion high-end resort being built in Ras Al Khaimah. This property, scheduled to open in early 2027, will offer more than 1,500 rooms, private villas, top-notch restaurants, entertainment spots, a marina, shops, and the area’s first regulated casino. Experts think this unique position gives Wynn an edge to attract loyal, wealthy international visitors and rich clients from the region.

UBS analyst Robin Farley suggested that the market might not appreciate the project’s promise, as reported by CNBC. Although Wynn estimates adjusted property earnings (EBITDAM) between $500 million and $800 million, UBS predicts a figure near the top end, about $730 million. Farley also highlighted that Wynn’s emphasis on a “gaming-plus” approach, combining high-end hospitality, food, and entertainment with gambling, puts it in a strong position to excel in a market craving all-in-one leisure experiences.

Wynn Looks to Grow Worldwide Following Strong Year

Investor excitement has had an impact on performance. Wynn stock has gone up over 47% this year, reaching its highest point in 52 weeks. Experts from companies like Morgan Stanley, Mizuho, and Jefferies have also increased their predictions, showing more trust in the company’s growth path.

The opportunity in the UAE adds to Wynn‘s strong progress in Macau, where gambling income has been bouncing back, getting close to what it was before COVID-19. UBS has also raised its forecast for the Macau division, upping its value of Wynn’s operations there to $76 per share, from $49 before.

Looking ahead, Wynn aims to use its UAE presence to check out more global opportunities, including a possible London venture. Wynn CEO Craig Billings stresses the need to serve international guests who often visit both Middle Eastern and European spots.

With an early start in the UAE, good results in Macau, and a focus on top-tier experiences, Wynn is setting itself up as a frontrunner in the changing global gaming scene. If experts’ guesses are right, the Al Marjan project could turn out to be not just a big deal for the region but also a key boost to shareholder value in the coming years.