Wynn Resorts (WYNN)
Designer and operator of luxury integrated resorts and a London gaming club.
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Operates luxury integrated resorts in Macau, Las Vegas, and Greater Boston, plus a private gaming club in London. Casino play anchors revenue alongside rooms, dining, entertainment, and retail, while a minority-owned resort under construction in the UAE extends its tightly concentrated, regulated portfolio.
Operates Wynn Palace and Wynn Macau in Macau, Wynn and Encore in Las Vegas, and Encore Boston Harbor, with Wynn Mayfair adding private-club gaming and dining in London. Casino gaming anchors revenue, supplemented by rooms, restaurants and bars, entertainment, meetings, and retail.
Combines in-house design and development with tightly controlled resort operations. Service, dining, retail, entertainment, and convention space are coordinated to attract premium destination guests and encourage repeat visits.
A minority-owned joint venture is building Wynn Al Marjan Island in the UAE. The compact portfolio depends on destination travel and gaming licenses, with Macau concession commitments and triple-net lease obligations at Encore Boston Harbor.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | UBS | Reiterate | Rating: —Target: $146 | Target: $138 |
| Sep 2, 2026 | Wolfe Research | Initiate | Rating: —Target: — | Target: $128 |
| Aug 5, 2026 | Stifel Nicolaus | Target | Target: $140 | Target: $143 |
| Aug 5, 2026 | Barclays | Reiterate | Rating: —Target: $134 | Target: $136 |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $133 | Target: $128 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.10B · Total debt $12.34B · Total assets $13.16B · Shareholders' equity −$169.5M
- Revenue
- $1.86B
- Operating income
- $299.2M
- Net income
- $140.1M
HistoryDividendAnnual yield
| Institutions | 72.98% | 75.15M shares | |
|---|---|---|---|
| 558 holders · as of Jun 30, 2026 | |||
| Insiders | 24.94% | 25.68M shares | |
| 16 holders · as of Sep 16, 2026 | |||
| Strategic holders | 10.25% | 10.55M shares | |
| 2 holders · as of May 15, 2026 | |||
| Adds to | 108.17% | ||
102.97M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 108.17%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Tilman J. Fertitta1,2Insider10 percent owner | 12.62% | 12.60M | filed Apr 8, 2025 |
Capital World InvestorsInstitution | 9.55% | 9.83M | as of Jun 30, 2026 |
Wynn Kevyn Q.Insider | 9.26% | 9.54M | filed Sep 2, 2025 |
BlackRock, Inc.Institution | 6.10% | 6.28M | as of Jun 30, 2026 |
Melvin Capital Management LPInstitution | 5.61% | 5.78M | filed Aug 31, 2018 |
- Tilman J. Fertitta's transaction reports restate only vehicles that traded; the 2025 ownership statement (12.60M) plus the 400.0K net shares acquired since is used instead.
- Tilman J. Fertitta reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $119.00 |
| Jul 30, 2026 | Tilman J. Fertitta | 10 percent owner | −187,000 | $119.20 |
| Jul 27, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $116.00 |
| Jul 24, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $113.00 |
| Jul 23, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $114.00 |
- Las Vegas Sands
Macau and Asian integrated-resort scale rival
- MGM Resorts International
Broad overlap in Las Vegas, Macau, and regional casinos
- Melco Resorts & Entertainment (ADR)
Premium Macau and regional Asia resort competitor
- Caesars Entertainment
Las Vegas and U.S. casino scale competitor
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wynn Resorts | $81.45 | −1.29% | $8.56B | 19.8 | 18.3 | 1.2 | +6.9% |
| Las Vegas Sands | $39.11 | −1.49% | $25.71B | 15.4 | 11.8 | 1.9 | −0.7% |
| MGM Resorts International | $38.70 | −0.53% | $9.79B | 23.6 | 23.6 | 0.6 | +1.1% |
| Melco Resorts & Entertainment (ADR) | $4.71 | −1.41% | $1.86B | 8.0 | 10.1 | 0.4 | −5.7% |
| Caesars Entertainment | $29.56 | −0.22% | $6.03B | — | — | 0.5 | +3.0% |
| Median | 15.4 | 11.8 | 0.5 | +0.2% |