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Wynn and Encore unions dispute stalled contract talks as strike nears day 50

Deals & M&A

Wynn Resorts said it had made a proposal to the unions representing workers at Encore Boston Harbor in September and was awaiting their response. Teamsters Local 25 and UNITE HERE Local 26 said the offer fell short of their demands; the report said 1,300 workers remained on strike as the stoppage approached its 50th day.

A row of slot machines lined up against a wall in a casino.

The dispute affects staffing and operations at Encore Boston Harbor, while the reported strike coincides with lower casino revenue.

End-of-day close Wynn Resorts (WYNN), USD, to 4 November 2026
Story date8 September 20264 November 2026

Latest reported results

Wynn Resorts NASDAQ: WYNN

Quarter ended 30 June 2026

Revenue
USD 1.86bn
Operating income
USD 297.6m10-Q filing 0001174922-26-000055

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Deals & M&A

Wolfe Research sees Wynn Al Marjan Island exceeding revenue forecasts

Reportedly, Wolfe Research expects Wynn Resorts' planned Wynn Al Marjan Island casino resort in the UAE to generate more gaming revenue than the company forecasts. The investment firm sees up to 60% upside for Wynn shares by the end of 2027 and values Wynn's 40% stake in the development at around $48 per share. Wynn's December 2025 projections put annual gaming revenue at up to $1.66bn and adjusted property EBITDA at $390m to $570m.

Wolfe Research expects Wynn Al Marjan Island, Wynn Resorts' planned casino resort in the United Arab Emirates, to generate more gaming revenue than the company's current forecasts, the investment firm said. Analyst Peter Supino made the assessment as Wynn Resorts shares were down about 37% year-to-date in 2026, and Wolfe Research sees the stock rising by as much as 60% by the end of 2027.

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