Wynn Resorts is reportedly considering delaying the opening of its UAE resort, originally scheduled for Q1 2027, because of construction problems attributed in the report to the US-Iran conflict. Wynn has not commented on a possible delay and previously said it would assess further effects on the project as they arise.
A delay could change the expected opening timetable for Wynn’s UAE resort and its planned gaming operation.
Quarter ended 30 September 2026
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Baron Capital’s Baron SMID Cap ETF sold its Wynn Resorts holding during the third quarter, according to a letter to investors by portfolio managers Laird Bieger and Randy Gwirtzman. The managers did not explain the sale; the ETF held no gaming stocks after the exit, while Baron’s Baron First Principles ETF retained a 2.27% position in Red Rock Resorts as of 30 September.
Wynn Resorts shares were dropped from the Baron SMID Cap ETF, known as BSCM, in the third quarter. Texas Roadhouse was the beneficiary of the switch away from the casino stock. Laird Bieger and Randy Gwirtzman, the portfolio managers, wrote to the ETF’s investors about the Wynn departure but gave no detailed reason for the sale.
Jefferies analyst David Katz said casino investors should focus on operating efficiency, highlighting earnings per room at Las Vegas Strip operators. Wynn Resorts is expected to generate $180,000 in room-level EBITDA this year, compared with estimated figures of $83,000 for Caesars Entertainment and $77,000 for MGM Resorts International.
Reportedly, Macquarie lowered its price targets on DraftKings to $34 from $38 and on Flutter Entertainment to $128 from $150 ahead of third-quarter earnings. Analyst Chad Beynon kept a positive overall view of the sports betting sector, forecasting 6% growth in online sports betting gross gaming revenue and 18% growth in iGaming.
Wynn Resorts recorded $1.86bn in Q2 2026, with Macau gaming activity supporting revenue growth. The outlet said the result exceeded Wall Street expectations.
Reportedly, Court hearings in Rhode Island and Iowa over prediction markets are scheduled this week, alongside quarterly earnings from DraftKings, Flutter Entertainment and other gambling companies. The NFL Hall of Fame Game also marks the start of the football betting season.