Thus, the JPMorgan analyst believes the UAE project could add up to $10 to Wynn’s share price.<\/p>\n\n\n\n

Additionally, Wynn’s pipeline includes efforts to obtain a gaming license in New York, although there is still no clarity on the timeline for that project.<\/p>\n\n\n\n

But as for cash flow, Wynn expects to generate $238 million from its Las Vegas Strip<\/strong> locations this quarter.<\/p>\n\n\n\n

This is a forecast considered achievable by Greff and other analysts. He also highlighted that Wynn Macau’s cash flow in the first quarter could reach US$313 million<\/strong>. This is more than what Wall Street predicted at around US$304 million.<\/p>\n\n\n\n

Therefore, with an increase in cash flow, Wynn could be well positioned to return capital to shareholders. This could happen through share buybacks or higher dividends.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resorts shares have performed remarkably well this year, gaining 12.8%, outperforming the S&P 500 by more than 600 basis points. According to JPMorgan analyst Joseph Greff, Wynn is seen […]<\/p>\n","protected":false},"author":28,"featured_media":142106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3069],"tags":[3584,16152,3727,3350,16153,16151,4415,4413],"class_list":["post-142146","post","type-post","status-publish","format-standard","has-post-thumbnail","category-casino-en","tag-casino-en","tag-jpmorgan-en","tag-las-vegas-strip-en","tag-new-york","tag-united-arab-emirates","tag-wall-street-en","tag-wynn-macau-en","tag-wynn-resorts-en"],"yoast_head":"\n