Wynn Resorts Ltd

WYNN: XNAS (USA)

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Wynn Earnings: Macao Demand Solid, but Vegas Faces Near-Term Renovation and Comparison Headwinds

Dan Wasiolek

Nov 5, 2024

We plan to reduce our $117 per share fair value estimate for narrow-moat Wynn by a low-single-digit percentage, to account for renovations and challenging comparisons in the company’s Las Vegas segment in 2025. We see shares as undervalued.

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Wynn Resorts Ltd

Wynn Earnings: Macao Demand Solid, but Vegas Faces Near-Term Renovation and Comparison Headwinds

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