Wynn UAE Casino Could Top Estimates, Analyst Draws Singapore Parallel

Geopolitical tensions in the Middle East have weighed heavily on Wynn Resorts (NASDAQ: WYNN) this year. However, some Wall Street analysts believe the operator’s upcoming United Arab Emirates casino resort will ultimately become a major driver of share price growth. In a new report, Wolfe Research analyst Peter Supino highlighted potential advantages with Wynn Al Marjan Island that could eventually facilitate a rebound by the gaming stock, including extending Wynn’s status as a premier luxury brand and tapping into pent-up regional demand in the region for a regulated gaming venue.