Analysts tout long-term Wynn prospects

Analysts from CBRE Group and Jefferies said Wynn Macau’s hold-normalized EBITDAR slightly missed consensus estimates, despite mass-market gaming volume rising 3.6% and VIP volume jumping 27.1%.

Jefferies noted that second-quarter 2025 gross gaming revenue at Wynn Macau grew 2% to USD903 million, supported by a steady April and strong June, though offset by a subdued May with lower mass hold.

Volumes accelerated further in July – a standout month despite weather disruptions – and for June and July combined, the company generated a normalized EBITDA of $3.3 million per day, aided by high hold during the period.

Mizuho Financial Group raised its price target on Wynn Resorts stock to $126, citing the company’s robust operational margins and resilience across both Macau and Las Vegas markets. The investment firm also pointed to the “underappreciated potential” of Wynn’s United Arab Emirates project as a key driver for future growth.

CBRE also referenced CEO Craig Billings’ updates on the Wynn Al Marjan Island development in Ras Al Khaimah, noting significant progress. “Management also finalized major food and beverage partnerships and secured key agreements with prominent retail tenants,” the firm said, while underscoring the UAE’s ongoing ‘record visitation.’

At the end of June 2025, Wynn’s total current and long-term debt stood at $10.54 billion, including $5.79 billion tied to Macau operations. The company reported a liquidity position of $1.98 billion in cash and equivalents globally, with $1.47 billion of that held by Wynn Macau, Limited and its subsidiaries. NS