<div id="readability-page-1"><div><ul> <li>Wynn Resorts and Marjan earlier announced that Wynn Al Marjan Island in Ras Al Khaimah had reached its topping-out milestone, with the US$5.10 billion integrated resort on track for a Spring 2027 opening and set to feature the UAE’s first casino under an exclusive 15-year license.</li> <li>The project is expected to become a major fee and cash-flow contributor for Wynn Resorts, as its 40% equity stake and management and license agreements could meaningfully diversify earnings into a new, high-end tourism and gaming market.</li> <li>We’ll now examine how this milestone at Wynn Al Marjan Island reshapes Wynn Resorts’ investment narrative, especially around future cash-flow diversification.</li> </ul><p>These 15 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.</p><h2>Wynn Resorts Investment Narrative Recap</h2><p>To own Wynn Resorts, you need to believe its high end integrated resort model can keep converting premium demand in Las Vegas and Macau into sustainable cash generation, while large projects like Wynn Al Marjan Island eventually broaden that base. The topping out and reaffirmed Spring 2027 timetable do not change the near term focus, which still sits on Macau performance and on how rising construction and operating costs affect margins and leverage from here.</p> <p>Among recent announcements, the steady US$0.25 per share quarterly dividend through 2024 and 2025 stands out in this context, as it highlights management’s current confidence in cash generation even while funding US$5.10 billion of UAE capex. For investors weighing the Al Marjan milestone as a future diversification driver, that consistency in cash returns today sits alongside the ongoing risk that high fixed costs and leverage leave less room for error if new projects underperform.</p> <p>Yet behind the excitement of a first casino license in the UAE, investors should also be aware that...</p> <p>Read the full narrative on Wynn Resorts (it's free!)</p><p>Wynn Resorts' narrative projects $8.0 billion revenue and $624.0 million earnings by 2028. This requires 4.6% yearly revenue growth and about a $240 million earnings increase from $383.9 million today.</p><p>Uncover how Wynn Resorts' forecasts yield a $143.33 fair value, a 14% upside to its current price.</p><h2>Exploring Other Perspectives</h2><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/d4895830-c4ef-4b72-8e7d-e25f1b71bc8a/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/d4895830-c4ef-4b72-8e7d-e25f1b71bc8a/chart/quote-price"/><figcaption>WYNN 1-Year Stock Price Chart</figcaption></figure> <p>Nine members of the Simply Wall St Community put fair value for Wynn Resorts anywhere between US$10 and US$143, with views spread across the full range. When you set that dispersion against the large, multi year capex and leverage commitments tied to Wynn Al Marjan Island, it underlines how differently people can weigh the same risks and rewards and why it is worth comparing several independent viewpoints.</p><p>Explore 9 other fair value estimates on Wynn Resorts - why the stock might be worth as much as 14% more than the current price!</p><h2>Build Your Own Wynn Resorts Narrative</h2><p>Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.</p><ul><li>A great starting point for your Wynn Resorts research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.</li><li>Our free Wynn Resorts research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Wynn Resorts' overall financial health at a glance.</li></ul><h2>Ready To Venture Into Other Investment Styles?</h2><p>These stocks are moving-our analysis flagged them today. Act fast before the price catches up:</p><ul><li>The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 26 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.</li><li>Uncover the next big thing with financially sound penny stocks that balance risk and reward.</li><li>Find companies with promising cash flow potential yet trading below their fair value.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><p>Mobile Infrastructure for Defense and Disaster</p><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p><p>Get the investor briefing before the next round of contracts</p><p><span>Sponsored On Behalf of CiTech</span></p></div></div></div>

WYNN

<p>Wynn Resorts' Wynn Al Marjan Island in Ras Al Khaimah, UAE, has reached its topping-out milestone and is set to open in Spring 2027 with the UAE's first casino under a 15-year license. The project, valued at $5.10 billion, is expected to significantly diversify Wynn Resorts' cash flow and earnings. Despite the milestone, the focus remains on Macau's performance and managing rising costs. Wynn Resorts projects $8.0 billion revenue and $624.0 million earnings by 2028, with a fair value estimate of $143.33 per share, a 14% upside from the current price.</p>

Will Wynn Al Marjan Island’s UAE Casino License Transform Wynn Resorts' (WYNN) Cash-Flow Diversification Narrative?