Wynn Al Marjan Could Outperform Revenue Targets, Wolfe Says

Wynn Resorts’ $5.7 billion Wynn Al Marjan Island project could generate more gaming revenue than the company currently expects, according to Wolfe Research. The firm’s analysis compares the UAE market with Singapore, where limited casino licensing and strong international tourism have supported major integrated resorts. Wolfe Research analyst Peter Supino believes similar conditions could help Wynn Al Marjan Island outperform Wynn’s own projections after opening in Ras Al Khaimah. Wynn has previously forecast annual gaming revenue of up to $1.66 billion from the property.