Wynn Resorts, Limited (WYNN) Stock: Slips as Company Names New CFO Ahead of 2026 Transition

TLDR

• WYNN stock trades near $117.83 after a modest decline
• Craig Fullalove named new CFO, effective ahead of mid-2026
• Outgoing CFO Julie Cameron-Doe remains in advisory roles
• Strong margins and free cash flow support expansion strategy
• Analysts raise price targets amid optimism on UAE project

Wynn Resorts, Limited (WYNN) stock closed at $117.83, down 0.37%, before slipping slightly in after-hours trading.

Wynn Resorts, Limited, WYNN

The move followed the company’s announcement of a planned leadership transition in its finance team, with Craig Jeffrey Fullalove set to succeed Julie Cameron-Doe as Chief Financial Officer.

Cameron-Doe will retire in mid-2026 but remain involved as a consultant and as a Non-Executive Director of Wynn Macau, Limited.

The transition comes at a time when Wynn maintains a “GOOD” overall financial health score and a market valuation of about $12.15 billion. Management framed the change as a structured handover designed to preserve continuity while supporting the company’s next phase of global growth.

Craig Fullalove Steps Into CFO Role

Craig Fullalove currently serves as Chief Financial Officer and Chief Administrative Officer of Wynn’s Macau operations and its Hong Kong listed unit, Wynn Macau, Limited. In that role, he oversees a wide range of functions, including corporate and operational finance, procurement, risk management, compliance, sustainability and business development.

His responsibilities also extend to Information Technology, Human Resources, and Corporate Investigations, giving him broad exposure to the operational backbone of Wynn’s largest international market. Fullalove joined Wynn Macau in January 2020 and brings more than 22 years of international finance experience across South Africa, the United Kingdom, Canada and Vietnam.

Before joining Wynn, Fullalove served as Senior Vice President and Chief Financial Officer at Asian Coast Development Limited and spent nine years with Deloitte & Touche. He is a qualified Chartered Accountant and holds a Bachelor of Commerce degree from the University of Cape Town.

Julie Cameron-Doe Leaves Lasting Financial Legacy

Julie Cameron-Doe has served as Wynn’s CFO since April 2022 and played a central role in several transformative initiatives. Under her leadership, Wynn expanded into Europe through the acquisition of Wynn Mayfair in London and advanced its Middle East ambitions.

She was instrumental in securing financing for the $5.1 billion Wynn Al Marjan Island resort in Ras Al Khaimah, United Arab Emirates. During her tenure, the company delivered gross profit margins of 68.55% and generated $737.24 million in levered free cash flow over the past twelve months. Her continued involvement as a consultant provides stability during the transition.

Global Portfolio and Expansion Outlook

Wynn Resorts operates luxury properties in Las Vegas, Boston, Macau and London. Its upcoming Ras Al Khaimah resort is scheduled to open in early 2027 and represents a major growth catalyst. The company generated $7.11 billion in revenue over the past year and is viewed by some analysts as undervalued based on fair value estimates.

The UAE project has attracted strong interest from investors and analysts, given its scale, luxury positioning, and first-mover advantage in the region. Management believes the resort will diversify earnings and reduce reliance on traditional gaming hubs over time.

Analyst Sentiment Turns Increasingly Positive

Several firms have raised their outlook on Wynn Resorts in recent weeks. Texas Capital Securities initiated coverage with a Buy rating and a $155 price target, citing market share gains in Las Vegas and Macau. JPMorgan lifted its target to $145 after visiting the UAE site and assessing progress on the Al Marjan Island project.

BofA Securities raised its price target to $150 following an analyst event in Dubai and Ras Al Khaimah. Macquarie reiterated an Outperform rating with a $143 target, while Stifel boosted its target to $160 after attending Wynn’s investor event in the UAE. These actions reflect growing confidence in Wynn’s long-term expansion strategy.

WYNN Stock Performance In Context

Wynn stock has delivered mixed results across timeframes. Year to date, shares are down 2.08%, lagging the S&P 500’s 1.76% gain. Over the past year, WYNN surged 46.58%, well ahead of the broader market’s 17.71% return.

Three-year returns stand at 28.51%, while five-year performance remains muted at 11.19%, reflecting pandemic-era volatility and recovery dynamics. With a seasoned CFO stepping in and major projects on the horizon, investors are weighing near-term fluctuations against Wynn’s longer-term growth potential.

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