Wynn could beat its own targets when Wynn Al Marjan Island launches

Wolfe Research believes Wynn shares could increase by 60 per cent by 2028

Wynn Resort’s US$5.7bn Wynn Al Marjan Island, being built in the United Arab Emirates, is being tipped to be even more successful than its owners are predicting.

Peter Supino, of research company Wolfe Research, believes Wynn shares could increase by 60 per cent by 2028 due to the potential of Wynn Al Marjan Island.

“In building the first integrated resort-casino in the Middle East, Wynn brings its global luxury brand positioning to a UAE market brimming with demand for super-premium consumption, tourism and untold vices,” he said. “According to Knight Frank, 43 per cent of the UAE’s upcoming hotel room supply through 2030 is classified as luxury. One-third of the world’s population lives within a 4-hour flight of the UAE.”

“Benchmarking against Singapore, another wealthy limited license casino market popular with tourists, suggests Wynn’s Al Marjan could beat the UAE GGR targets it laid out in December 2025.”

Wynn believes Wynn Al Marjan Island could generate US$1.66bn.