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What smart money is saying about Wynn Resorts, LimitedUnited States flag

WYNN · Consumer Cyclical · Gambling, Resorts & Casinos · Market cap $10.45B

4 funds in our archive have pitched Wynn Resorts, Limited — most recently Baron Real Estate Fund in June 2026.

Company profile

Wynn Resorts, Limited excels in the conceptualization, development, and operation of upscale integrated resort properties. The Wynn Palace, situated in Cotai, boasts a gaming floor spanning 424,000 square feet, which includes 323 table games, 1,035 slot machines, exclusive private gaming salons, and sky casinos. Accommodations are offered in a luxurious hotel tower featuring 1,706 guest rooms, suites, and villas, complemented by a health club, spa, salon, and swimming pool. This location further provides 14 distinct food and beverage establishments, 107,000 square feet for retail, 37,000 square feet of conference and event space, alongside a performance lake and elaborate floral displays. The Wynn Macau resort presents a 252,000 square-foot casino housing 331 table games, 818 slot machines, private gaming salons, sky casinos, and a dedicated poker room. Its two opulent hotel towers collectively feature 1,010 guest rooms and suites, enhanced by two health clubs, two spas, a salon, and a swimming pool. Guests also have access to 14 dining and drinking venues, 59,000 square feet of shopping areas, 31,000 square feet of meeting and convention facilities, and a unique Chinese zodiac-inspired ceiling. The company's Las Vegas operations encompass a 194,000 square-foot casino, equipped with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book. Two lavish hotel towers offer 4,748 guest rooms, suites, and villas, complete with multiple swimming pools, private cabanas, two full-service spas and salons, and a wedding chapel. Additional amenities include 32 food and beverage outlets, a substantial 513,000 square feet of meeting and convention space, 155,000 square feet of retail offerings, two theaters, three nightclubs, and a beach club. Finally, the Encore Boston Harbor facility comprises a 211,000 square-foot casino area, featuring 184 table games, 2,766 slot machines, various gaming zones, and a poker room. Its high-end hotel tower contains 671 guest rooms and suites, alongside a spa and salon. This property also includes 15 food and beverage options, a nightclub, 10,000 square feet of retail space, 71,000 square feet dedicated to meetings and conventions, a waterfront park, floral arrangements, and water shuttle services. Established in 2002, Wynn Resorts maintains its corporate headquarters in Las Vegas, Nevada.

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Summarize with Warren AI
3
Reported positions
0
Bought
3
Sold
7
Letters

Position history

Between Q4 2024 and Q2 2026, 3 fund letters reported a position in Wynn Resorts, Limited3 trimmed or exited.

Fund letters reporting a position in Wynn Resorts, Limited, by quarter
QuarterLettersBoughtSoldTheses
Q2 20263031
Q2 20250001
Q1 20250001
Q4 20240001

Fund activity · 3 positions · 3 moves

  • TrimmedBaron Real Estate Fund
    June 2026
    We recently trimmed the Fund’s investment in Wynn Resorts, Limited , a global luxury owner and operator of integrated resorts (hotels and casino resorts), in part due to the delay in the opening of its new UAE resort.
    Read the letterWynn Resorts, Limited
  • TrimmedBaron Real Estate Income Fund
    June 2026

    Listed in Baron Real Estate Income Fund’s reported holdings.

    Read the letterWynn Resorts, Limited
  • TrimmedBaron Real Estate Strategy
    June 2026
    We recently trimmed the Strategy's investment in Wynn Resorts, Limited , a global luxury owner and operator of integrated resorts (hotels and casino resorts), in part due to the delay in the opening of its new UAE resort.
    Read the letterWynn Resorts, Limited

Also mentioned · 1

These funds discuss Wynn Resorts, Limited — as a competitor, benchmark or comparable — without disclosing a position in it.

  • MentionedBaron Real Estate Income Strategy
    June 2026

    Named in a table in Baron Real Estate Income Strategy’s letter.

    Read the letterWynn Resorts, Limited

Fund coverage · 4 theses

  • Baron Real Estate Fund
    June 2026

    Wynn Resorts, Limited is a hotel and gaming company with a discounted valuation and growth potential from its UAE resort opening.

    Read the full thesis
  • Baron Discovery Fund
    June 2025

    Wynn Resorts is an attractive investment due to its premium offerings, growth opportunities in the UAE, and potential upside from Macau as the market recovers.

    Read the full thesis
  • Baron Real Estate Fund
    March 2025

    Wynn Resorts, Limited is a leading luxury global operator of integrated resorts with significant growth potential, especially with its upcoming Wynn Al Marjan Island in the UAE, and is currently undervalued at $70 per share compared to its long-term cash flow averages.

    Read the full thesis
  • Nightview capital
    December 2024

    Wynn Resorts is a compelling investment opportunity, benefiting from a rebounding gaming market and luxury travel trends, along with an undervalued portfolio and strong revenue growth.

    Read the full thesis

Read every full thesis on Wynn Resorts, Limited

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