Following a challenging 2024 performance, Wynn Resorts (NASDAQ: WYNN) emerges as a top casino stock pick for 2025, with analysts predicting significant upside potential.

Stifel analyst Steven Wieczynski has designated Wynn as the leading large-cap casino pick for 2025, setting a price target of $123 - representing a 46% potential increase from the January 3 close. Despite Macau gaming stocks' underwhelming performance in 2024, increasing gross gaming revenue (GGR) suggests companies with exposure to the region are currently undervalued.

Macau's GGR is expected to grow 4-10% in 2025, though remaining below pre-pandemic levels. The forecast doesn't account for potential additional stimulus measures from China, leaving room for upside surprise.

Wynn's competitive advantages include:

• Premium reputation in both Las Vegas and Macau
• Strong appeal to affluent clientele less affected by economic fluctuations
• Prime Las Vegas Strip real estate portfolio
• Upcoming UAE project (Wynn Al Marjan Island)

The UAE development, scheduled to open in approximately two years, could add $10-17 to the share price. The project's hotel tower is expected to top off by the end of 2025, marking the first casino resort in the Arab world.

While Las Vegas operations may face challenging comparisons in early 2025, the second half of the year is expected to show improvement. The combination of strong fundamentals in Macau, stable Las Vegas cash flow, and the UAE expansion positions Wynn for potential significant growth in 2025.

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