are bearish on Wynn<\/a> and other Macau names. Some relief recently arrived on the regulatory front, as it now appears likely authorities in the special administrative region (SAR) could initiate the license renewal process ahead of the June deadline. It’s now more clear the six current concessionaires, including Wynn, will retain their permits.<\/p>\n<\/div>\nRegarding the fortunes of Macau operators targeting high rollers, some analysts argue the eradication of the junket model is priced into shares of concessionaires. That’s a slight positive. But in 2022, it will be incumbent upon Wynn to pivot toward premium mass players to buffer against VIP weakness.<\/p>\n
Wynn Stock Requires Patience<\/h2>\n
Following the aforementioned rough 2021, shares of Wynn aren’t alarmingly expensive. But the stock isn’t cheap relative to long-term valuations, either. To that end, the name is likely to require patience on behalf of long-term investors.<\/p>\n
\u201cFrom a longer-term perspective, we continue to expect WYNN\u2019s commitment to investing in its people and physical plant to directly accrue to shareholders\u2019 benefit,\u201d concludes Wieczynski. \u201cAdditionally, as operating trends normalize, we continue to see a path to more prolific direct returns of capital materializing (even with government oversight), further strengthening the shares\u2019 ownership case.\u201d<\/strong><\/p>\nThere’s also chatter that amid executive change at Wynn, the operator could be a player in 2022 casino industry mergers and acquisitions — either as a buyer or seller<\/a>. If that scenario comes to pass, it could be a significant catalyst for the stock.<\/p>\n","protected":false},"excerpt":{"rendered":"Like all Macau gaming equities, Wynn Resorts (NASDAQ:WYNN) is coming off a rough 2021. The operator of two integrated resorts in the world’s largest casino hub shed nearly a quarter of its value last year. But there’s hope for better things in 2022 if weakness in the VIP market abates. That’s the sentiment of Stifel […]<\/p>\n","protected":false},"author":46,"featured_media":196889,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Wynn Resorts Shares Can Bounce Back Even Amid Macau VIP Issues<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n