{"id":365,"date":"2026-03-09T10:00:39","date_gmt":"2026-03-09T11:00:39","guid":{"rendered":"https:\/\/cerulepillar.com\/?p=365"},"modified":"2026-03-25T13:23:42","modified_gmt":"2026-03-25T13:23:42","slug":"wynn-uae-induced-sell-off-overdone-says-analyst","status":"publish","type":"post","link":"https:\/\/cerulepillar.com\/index.php\/2026\/03\/09\/wynn-uae-induced-sell-off-overdone-says-analyst\/","title":{"rendered":"Wynn UAE-Induced Sell-Off Overdone, Says Analyst"},"content":{"rendered":"<ul>\n<li><strong>The casino stock is slumping since the start of 2026<\/strong><\/li>\n<li><strong>It\u2019s off 10.51% over the past month, a period including US and Israeli against Iran and Iranian drone missile strikes against the UAE<\/strong><\/li>\n<li><strong>Analyst says Middle East-related sell-off is overblown<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Shares of Wynn Resorts (NASDAQ: WYNN) are struggling and that weakness is amplified by conflict in the Middle East where the company will soon be the lone casino.<\/p>\n<figure id=\"attachment_377849\" aria-describedby=\"caption-attachment-377849\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-377849 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" width=\"858\" height=\"572\" data-src=\"https:\/\/cerulepillar.com\/wp-content\/uploads\/2026\/03\/Wynn-Las-Vegas-858x572-1.jpg\"><figcaption>Wynn Resorts stock has been hampered by geopolitical volatility in the Middle East. An analyst says the sell-off is overdone. (Image: Getty)<\/figcaption><\/figure>\n<p>Over the past two weeks, the stock is off about 11%, or more than quadruple S&amp;P 500\u2019s loss over the same period, amid US and Israeli strikes against Iran and that country firing back, including some targeting of assets in the United Arab Emirates (UAE) where Wynn Al Marjan Island, <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-propel-shares\/\">the $5.1 billion casino resort<\/a>, will open early next year.<\/p>\n<p>With Wynn carving out new territory in a region that previously prohibited regulated wagering and one known for geopolitical tensions, investors are understandably unnerved.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>Given the recent turmoil in the Middle East, investors want to know what the potential impact could\/would be on WYNN\u2019s UAE casino resort project slated to open in 1Q27,\u201d said Stifel analyst Steven Wieczynski in a Sunday report. \u201cSimple answer is WYNN isn\u2019t sure given the fact this Middle East unrest has only been going on for a few days. There is really nothing to say right now and any longer-term thoughts would just be speculation on their part and our part.\u201d<\/p>\n<\/blockquote>\n<p>The analyst did, however, reiterate a \u201cbuy\u201d rating and a $150 price target on the casino stock, adding the Middle East-related sell-off is likely a case of too much too fast.<\/p>\n<h2>Wynn UAE Casino not Targeted by Iran\u2026Yet<\/h2>\n<p>Wynn and its local partners are close to putting the finishing touches on the UAE integrated resort, which is located about an hour from Dubai by car.<\/p>\n<p><strong>That proximity is believed to be advantageous for the casino hotel because Dubai\u2019s economy is booming and the emirate draws affluent tourists from all over the world, but the location is a reason why Wynn shares slumped of late. Two five-star Dubai resorts &#8212; the Burj Al Arab hotel and the Fairmont The Palm Hotel &#8212; were hit by Iranian strikes on Feb. 28.<\/strong><\/p>\n<div class=\"callout\">\n<p>That is to say Wynn and its shareholders likely want a quick resolution to the Iran conflict biggest among global casino markets, the UAE is viewed as an untapped goldmine. Some analysts believe that with contributions from other integrated resorts in the future, the UAE could be <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-drive-350m-in-cash-flow-says-analyst\/\">a $3 billion to $5 billion<\/a> market in terms of annual gross gaming revenue (GGR).<\/p>\n<\/div>\n<p>\u201cWhile it wouldn\u2019t surprise us if there were some slight delays around the construction timeline as we believe WYNN wants to keep every employee that is involved in the construction of this project safe, even if there is a delay to the eventual opening, it would be immaterial to the long-term value of WYNN shares and not worthy of an ~11% drop in the share price in such a short period of time,\u201d adds Wieczynski.<\/p>\n<h2>Analysts Bullish on Wynn UAE Casino<\/h2>\n<p>In December, Wynn conducted a UAE <a href=\"https:\/\/www.casino.org\/news\/wynn-sees-uae-casino-stoking-tourism-boom-demand-outpacing-supply\/\">analyst\/investor<\/a> tour and the sell-side takeaways were broadly bullish. Obviously, that was prior to the Iran conflict, but there\u2019s belief that the operator\u2019s UAE earnings before interest, taxes, depreciation, and amortization (EBITDA) and fees forecast of $265 million to $460 million annually may prove too light.<\/p>\n<p>That\u2019d be a good thing for Wynn, its local partners and investors. Wieczynski concurs that outlook may ultimately prove too conservative.<\/p>\n<p><strong>\u201cWe continue to feel incredibly confident that WYNN\u2019s projected EBITDA (which was maintained at WYNN\u2019s recent UAE investor event) will ultimately prove conservative for several reasons. Based on our math, we believe the UAE project could be worth $19-$25 in today\u2019s dollars,\u201d concludes the analyst.<\/strong><\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-induced-sell-off-overdone-says-analyst\/\">Wynn UAE-Induced Sell-Off Overdone, Says Analyst<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The casino stock is slumping since the start of 2026 It\u2019s off 10.51% over the past month, a period including US and Israeli against Iran and Iranian drone missile strikes against the UAE Analyst says Middle East-related sell-off is overblown Shares of Wynn Resorts (NASDAQ: WYNN) are struggling and that weakness is amplified by conflict&#8230;<\/p>\n","protected":false},"author":1,"featured_media":367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/365"}],"collection":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/comments?post=365"}],"version-history":[{"count":2,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/365\/revisions"}],"predecessor-version":[{"id":368,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/365\/revisions\/368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/media\/367"}],"wp:attachment":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/media?parent=365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/categories?post=365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/tags?post=365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}