Wynn Resorts (WYNN) Posts Record Q2 EBITDAR with Strong Vegas Casino Revenue Growth
Wynn Resorts, Limited (NASDAQ:WYNN) ranks among the best sin stocks to buy right now. On August 8, Macquarie maintained its Outperform rating on Wynn Resorts, Limited (NASDAQ:WYNN) and boosted its price target from $110 to $124, highlighting the company’s attractiveness as a “premium luxury value stock.”
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The firm listed Wynn’s “irreplaceable brand and locations” as well as its undeveloped properties and ongoing construction in the UAE, which will likely be completed by 2027. Although measuring up to Vegas in 2025 will be difficult, Macquarie pointed out that the share price already seems to reflect this.
With a 14.5% increase in total casino revenues, the company set a new EBITDAR record for the second quarter in Las Vegas. Management reported that this encouraging trend persisted into July, with strong group/convention business projected for the fourth quarter and into 2026.
Wynn Resorts, Limited (NASDAQ:WYNN) is a luxury hotel and casino operator known for providing premium resort experiences and running high-end properties in Boston, Macau, and Las Vegas.
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Disclosure: None. This article is originally published at Insider Monkey.
