The bank has issued a new note to investors in which it outlines a bull case for the prominent casino resorts and gaming operator
Deutsche Bank analyst Carlo Santarelli has defied expectations for the casino resorts sector, posting an upbeat outlook for Wynn Resorts. According to Santarelli, Wynn’s shares will soar.
Wynn Resorts Is Gathering Financial Momentum
He bases this outlook on several main factors that are going to drive an upsurge in the company’s stock over the next months. One of those is the return of travelers in Macau, which will help Wynn’s overseas operations.
At the same time, footfall has been picking up on the Las Vegas Strip, and the company is already building its Al-Marjan Island in the United Arab Emirates (UAE), the very first casino resort in the country, which should yield fantastic dividends in the long run
Deutsche Bank analyst Carlo Santarelli has defied expectations for the casino resorts sector, posting an upbeat outlook for Wynn Resorts. According to Santarelli, Wynn’s shares will soar.
Wynn Resorts Is Gathering Financial Momentum
He bases this outlook on several main factors that are going to drive an upsurge in the company’s stock over the next months. One of those is the return of travelers in Macau, which will help Wynn’s overseas operations.
At the same time, footfall has been picking up on the Las Vegas Strip, and the company is already building its Al-Marjan Island in the United Arab Emirates (UAE), the very first casino resort in the country, which should yield fantastic dividends in the long run