Wynn Resorts Resumes Construction of $5.1B UAE Resort Amid Market Volatility

Wynn Resorts has resumed construction of its $5.1b Wynn Al Marjan Island resort in the UAE after a brief pause. The recent pullback in Wynn Resorts' share price, with a 30 day share price return of 15.46% and a 1 year total shareholder return of 19.78%, suggests short term momentum has cooled while longer term holders have still seen gains. The prevailing narrative sees Wynn Resorts as undervalued with a fair value estimate of $142.11, driven by the imminent launch of Wynn Al Marjan Island and potential growth in consolidated revenue and EBITDAR.