Wynn Resorts Limited ($WYNN) Stock Forecast: Down 5.3% Today

What is Wynn Resorts Limited?

Wynn Resorts Ltd (WYNN) is a renowned hospitality company known for its high-end casino resorts and luxury experiences. Today, the stock experienced a significant bearish movement in the market.

Why is Wynn Resorts Limited going down?

WYNN stock is down 5.3% on Dec 4, 2025 18:40

• Concerns may have arisen among investors due to Wynn Resorts having already spent or committed two-thirds of the budget for its Wynn Al Marjan Island casino resort project in the UAE, potentially leading to cost overruns or delays.
• Competition in the hospitality and entertainment industry may have intensified with the opening of Gymkhana, the first Indian fine-dining restaurant on the Las Vegas Strip by MGM Resorts, impacting Wynn Resorts' stock.
• Uncertainty in the sector could have been triggered by Caesars Entertainment's Vice Chair of the Board, Don Kornstein, announcing retirement, affecting market sentiment and contributing to Wynn's bearish movement.
• Broader industry challenges may have influenced Wynn Resorts' stock performance negatively as MGM Resorts International's CFO addressed issues with Las Vegas visitation and occupancy rates, emphasizing strategic growth opportunities in different regions.

WYNN Price Chart

WYNN Technical Analysis

WYNN News

MGM Resorts (NYSE: MGM) opens Gymkhana, first Indian fine dining on Las Vegas Strip

ARIA Resort & Casino, a property of MGM Resorts, has officially opened Gymkhana, marking the first Indian fine-dining restaurant on the Las Vegas Strip and the London-based Two Michelin-starred restaurant's U.S. debut. This venture, a partnership with JKS Restaurants, aims to enhance ARIA's reputation as a premier dining destination by offering a world-class culinary experience with a focus on North Indian cuisine, a luxurious atmosphere, and an extensive beverage program. The new establishment is part of MGM's broader strategy to differentiate its properties through high-end experiences, building on recent property upgrades and branding initiatives.

https://www.stocktitan.net/news/MGM/aria-resort-casino-and-jks-restaurants-unveil-gymkhana-bringing-pus2edgb10tf.html

Wynn says two thirds of US$5.1bln budget for UAE project ‘spent or fully bought out’

Wynn Resorts Ltd announced that it has spent or committed US$3.4 billion, approximately two-thirds, of the US$5.1 billion budget for its Wynn Al Marjan Island casino resort project in the UAE. The project, slated to open in Q1 2027, is expected to generate significant annual gross gaming revenue (GGR) and adjusted property EBITDA. Wynn Resorts holds a 40-percent equity stake and an exclusive 15-year casino license for Ras Al Khaimah, with projections for substantial visitor growth and hotel room expansion in the region by 2030.

https://www.ggrasia.com/wynn-says-two-thirds-of-us5-1bln-budget-for-uae-project-spent-or-fully-bought-out

Caesars Entertainment, Inc. Announces Retirement of Don Kornstein as Vice Chair of the Board, Effective Dec. 31, 2025

Caesars Entertainment, Inc. announced that Don Kornstein will retire as Vice Chair of the Board, effective December 31, 2025, after 12 years of service. Kornstein was instrumental in the merger between Caesars and Eldorado. Following his retirement, the company plans to reduce the size of its Board to 11 members.

https://www.marketscreener.com/news/caesars-entertainment-inc-announces-retirement-of-don-kornstein-as-vice-chair-of-the-board-effect-ce7d51ded08ff620

MGM CFO talks Las Vegas recovery

MGM Resorts International CFO Jonathan Halkyard addressed the Nevada Gaming Control Board, acknowledging a drop in Las Vegas visitation due to reduced drive-in traffic from California but asserting the city still offers significant value. He discussed MGM's challenges with occupancy compared to prior strong years, their decision to withdraw from a New York gaming license bid, and their focus on growth opportunities in Las Vegas, Japan, and the United Arab Emirates. Halkyard also noted MGM's efforts to address "nickel and diming" criticisms by adjusting certain prices.

https://cdcgaming.com/mgm-cfo-talks-las-vegas-recovery/

Three proposed NYC casinos move closer to approval after key state board vote

Plans for three New York City casinos have moved closer to reality after the New York State Gaming Facility Location Board recommended Bally's Bronx, Hard Rock Metropolitan Park, and Resorts World New York City for licensure consideration. These projects are projected to generate significant tax revenue and create thousands of jobs, despite concerns raised about problem gambling interventions and development timelines. The final decision now rests with the state Gaming Commission.

https://www.lohud.com/story/news/ny-news/2025/12/03/three-proposed-nyc-casinos-move-closer-to-approval-after-key-state-board-vote/87567477007/

Trending Today

Albemarle Corporation ($ALB) Stock Forecast: Up 5.3% Today

Moderna Inc. ($MRNA) Stock Forecast: Up 7.9% Today

The Cooper Companies Inc. ($COO) Stock Forecast: Up 6.3% Today

W.R. Berkley Corporation ($WRB) Stock Forecast: Down 5.4% Today

Dollar General Corporation ($DG) Stock Forecast: Up 6.2% Today

Warner Bros. Discovery, Inc. ($WBD) Stock Forecast: Up 6.5% Today

Cardano ($ADA) Crypto Forecast: Down 7.1% Today

Salesforce.com Inc ($CRM) Stock Forecast: Up 5.1% Today

Southwest Airlines Company ($LUV) Stock Forecast: Up 5.2% Today

Omnicom Group Inc. ($OMC) Stock Forecast: Up 5.1% Today

Wynn Resorts Limited Price History

08.07.2025 - WYNN Stock was down 0.7%

• Significant bearish sentiment from large investors is reflected in numerous bearish options trades involving Wynn Resorts.
• The prevailing negativity in the options market may suggest worries about the company's financial health and outlook.
• Investor pessimism could be influenced by various factors, including decreasing revenues in the hospitality and gaming sector, regulatory hurdles, or internal company challenges.

15.10.2024 - WYNN Stock was down 5.0%

• Wynn Resorts stock had a strong bearish movement despite an increase in Tilman Fertitta's stake in the company.
• The market might have reacted negatively to some internal issues or external factors impacting Wynn Resorts' financial outlook.
• The increased stake by Fertitta, although positive news, was not sufficient to offset the bearish sentiment prevailing in the market.
• Investors might be concerned about the overall performance of the hospitality and gaming sector, leading to the bearish movement in Wynn Resorts' stock.

28.02.2025 - WYNN Stock was down 5.2%

• Wynn Resorts (WYNN) experienced a bearish movement today, possibly due to profit-taking after a recent bullish run.
• Despite unusual bullish options activity, the stock might have faced selling pressure from investors looking to secure gains.
• The positive Q4 earnings report from GameStop (GME) could have shifted investor focus away from Wynn Resorts, impacting its stock price negatively.
• The mention of Wynn Resorts alongside Chevron and a tech stock on a financial show might have drawn attention to other investment opportunities, leading to a sell-off in WYNN shares.

14.01.2025 - WYNN Stock was up 6.5%

• Strong Q4 earnings were reported by Wynn Resorts, with impressive performance in its Las Vegas properties offsetting declines in Macau and Boston Harbor.
• The bullish movement in WYNN stock could be attributed to investors taking a positive stance in the options market, indicating confidence in the company's future prospects.
• Despite mixed results in different regions, the overall performance of Wynn Resorts seems to have resonated well with investors, leading to a bullish market movement.

23.09.2025 - WYNN Stock was up 5.2%

• The increase in short interest could indicate a growing bearish sentiment among some investors, but this did not seem to deter the overall bullish trend of the stock today.
• Despite the rise in short interest, the market's optimism towards WYNN's prospects may be driven by positive news or developments within the company.
• Investors may be viewing WYNN favorably due to potential growth opportunities or positive industry trends, leading to the bullish movement in the stock price today.

14.10.2024 - WYNN Stock was up 9.6%

• Billionaire Tilman Fertitta's increased stake in Wynn Resorts likely boosted investor confidence in the company's future prospects.
• Fertitta's reputation as a successful entrepreneur and investor could signal to the market that he sees potential value in Wynn Resorts.
• The news of Fertitta's investment may have sparked speculation of potential strategic partnerships or initiatives that could drive growth for Wynn Resorts in the near future.
• This increased stake could indicate a vote of confidence in the company's management and long-term strategy, contributing to the bullish momentum in Wynn's stock price.

05.10.2024 - WYNN Stock was down 8.1%

• Wynn Resorts (WYNN) experienced a strong bearish movement today due to its Q3 performance missing expectations, with lower-than-expected EPS and revenues reported.
• Despite solid resort demand trends across its portfolio, high expenses impacted the company's earnings and stock performance negatively.
• The anticipation surrounding WYNN's Q3 earnings did not materialize as expected, leading to a decline in the stock price.
• The market reaction indicates that investors were disappointed with Wynn Resorts' financial results, causing a bearish sentiment towards the stock.

13.01.2025 - WYNN Stock was up 5.1%

• The bullish movement in Wynn's stock today can be attributed to the positive market sentiment driven by the progress and financing secured for the Al Marjan Island Resort expansion.
• The options market dynamics also indicate a bullish stance taken by investors, including financial giants, showcasing confidence in Wynn Resorts' future prospects.
• The construction reaching 64% completion and securing a substantial $2.4 billion construction loan have likely bolstered investor confidence in the company's growth potential.
• The notable bullish bets by whales further reinforce the positive outlook on Wynn Resorts, indicating a strong belief in the company's ability to deliver value to shareholders.

04.02.2025 - WYNN Stock was down 5.8%

• Despite optimistic forecasts from notable investors and industry experts suggesting a potential increase of 25.5%, Wynn Resorts (WYNN) witnessed a decline in its stock value.
• The divergence between investor expectations and actual market performance may be influenced by general market conditions or internal company factors.
• External elements such as economic indicators, industry patterns, or global occurrences might have played a role in the stock's decline, overshadowing the positive predictions made by analysts and investors.
• Investors are advised to vigilantly observe future progressions to differentiate whether the bearish trend in Wynn Resorts is a brief adjustment or an indication of a more significant shift in market sentiment.

07.10.2025 - WYNN Stock was down 0.1%

• The decline in WYNN stock today may stem from a sense of caution among investors prior to the Q3 earnings announcement. Speculation regarding the company's financial performance for the quarter likely prompted some to take profits and sell shares.
• A reduction in short interest suggests a possible decrease in pessimistic wagers against WYNN stock. This shift could signal a growing optimism among certain investors about the company's future, countering the prevailing bearish sentiment to some extent.
• Despite optimistic expectations for Macau and stable gaming activities, concerns or perceived weaknesses in the impending earnings release may have triggered a negative stock price response among market participants.

04.11.2025 - WYNN Stock was down 5.3%

• Concerns may have arisen among investors due to Wynn Resorts having already spent or committed two-thirds of the budget for its Wynn Al Marjan Island casino resort project in the UAE, potentially leading to cost overruns or delays.
• Competition in the hospitality and entertainment industry may have intensified with the opening of Gymkhana, the first Indian fine-dining restaurant on the Las Vegas Strip by MGM Resorts, impacting Wynn Resorts' stock.
• Uncertainty in the sector could have been triggered by Caesars Entertainment's Vice Chair of the Board, Don Kornstein, announcing retirement, affecting market sentiment and contributing to Wynn's bearish movement.
• Broader industry challenges may have influenced Wynn Resorts' stock performance negatively as MGM Resorts International's CFO addressed issues with Las Vegas visitation and occupancy rates, emphasizing strategic growth opportunities in different regions.

04.11.2025 - WYNN Stock was down 5.2%

• Today's bearish movement in WYNN stock could be attributed to the following factors:
• Despite the positive news of significant progress in the construction of the Wynn Al Marjan Island casino resort project in the UAE, investors might be concerned about the substantial budget commitment and the long timeline for the project to start generating revenue.
• The retirement announcement of Don Kornstein, a key figure in the merger between Caesars and Eldorado, could have triggered uncertainty in the broader casino industry, leading to a sell-off in Wynn stock.
• MGM Resorts International's CFO discussing challenges in Las Vegas visitation and occupancy rates might have raised concerns about the overall recovery of the casino sector, impacting WYNN stock negatively.
• The news of proposed NYC casinos moving closer to approval could have shifted investor focus towards potential competition in the market, affecting Wynn Resorts' stock performance.