1557 ET - Wynn Resorts should continue to benefit from its luxury exposure given the vast wealth creation for higher-end consumers over the last several years, Macquarie analysts say in a research note. The operator of casinos and resorts should also see upside from Macau and its Al Marjan development, the analysts say. While its Vegas comparatives are tough, this is likely priced into the shares, too. Overall, the company should see a significant inflection in free cash flow in 2026 as the capital expenditure cycle slows and in 2027, when the company expects to open its United Arab Emirates property, the analysts add. Shares rise 9.8% to $88.39. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 14, 2025 15:57 ET (20:57 GMT)
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