{"success":true,"data":{"pressRelease":{"id":"108459","rtpr_id":"nPn1M5KKqa","ticker":"WYNN","exchange":"NASDAQ","all_tickers":["WYNN"],"title":"Wynn Resorts, Limited Reports Second Quarter 2026 Results","author":"PR Newswire","published_at":"2026-08-04T20:01:00.831Z","article_body":"Wynn Resorts, Limited Reports Second Quarter 2026 Results\n\nPR Newswire\n\nLAS VEGAS, August 4, 2026\n\nLAS VEGAS, August 4, 2026 /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN)\n(\"Wynn Resorts\" or the \"Company\") today reported financial results for the\nsecond quarter ended June 30, 2026.\n\nOperating revenues were $1.86 billion for the second quarter of 2026, an\nincrease of $119.1 million from $1.74 billion for the second quarter of 2025.\nNet income attributable to Wynn Resorts, Limited was $140.1 million for the\nsecond quarter of 2026, compared to net income attributable to Wynn Resorts,\nLimited of $66.2 million for the second quarter of 2025. Diluted net income\nper share was $1.32 for the second quarter of 2026, compared to diluted net\nincome per share of $0.64 for the second quarter of 2025. Adjusted Property\nEBITDAR((1)) was $568.3 million for the second quarter of 2026, compared to\nAdjusted Property EBITDAR of $552.4 million for the second quarter of 2025.\n\n\"Our second quarter results, including a monthly record for Adjusted Property\nEBITDAR in Las Vegas in May, and strong performance in Macau, reflect\ncontinued healthy demand dynamics throughout our business. I am incredibly\nproud of our teams in both regions,\" said Craig Billings, CEO of Wynn Resorts,\nLimited. \"Importantly, we continue to invest in both growing and diversifying\nour business with construction at Wynn Al Marjan Island progressing at a rapid\npace. Wynn Resorts, alongside our partners in Ras Al Khaimah, are now pleased\nto announce that Wynn Al Marjan Island, the most exciting integrated resort to\nbe developed in over a decade, will open its doors to guests in September of\n2027.\"\n\nConsolidated Results\n\nOperating revenues were $1.86 billion for the second quarter of 2026, an\nincrease of $119.1 million from $1.74 billion for the second quarter of 2025.\nFor the second quarter of 2026, operating revenues increased $113.8 million,\n$7.3 million, and $4.6 million at Wynn Palace, Wynn Macau, and our Las Vegas\nOperations, respectively, and decreased $6.4 million at Encore Boston Harbor,\nfrom the second quarter of 2025.\n\nNet income attributable to Wynn Resorts, Limited was $140.1 million for the\nsecond quarter of 2026, compared to net income attributable to Wynn Resorts,\nLimited of $66.2 million for the second quarter of 2025. Diluted net income\nper share was $1.32 for the second quarter of 2026, compared to diluted net\nincome per share of $0.64 for the second quarter of 2025. Adjusted net income\nattributable to Wynn Resorts, Limited((2)) was $127.5 million, or $1.24 per\ndiluted share, for the second quarter of 2026, compared to adjusted net income\nattributable to Wynn Resorts, Limited of $113.3 million, or $1.09 per diluted\nshare, for the second quarter of 2025.\n\nAdjusted Property EBITDAR was $568.3 million for the second quarter of 2026,\nan increase of $15.9 million compared to Adjusted Property EBITDAR of $552.4\nmillion for the second quarter of 2025. For the second quarter of 2026,\nAdjusted Property EBITDAR increased $44.3 million at Wynn Palace and decreased\n$19.6 million, $7.8 million, and $1.0 million at our Las Vegas Operations,\nEncore Boston Harbor, and Wynn Macau, respectively, from the second quarter of\n2025.\n\nWynn Resorts, Limited also announced on August 4, 2026 that its Board of\nDirectors declared a cash dividend of $0.25 per share, payable on August 28,\n2026 to stockholders of record as of August 14, 2026.\n\nProperty Results\n\nMacau Operations\n\nWynn Palace\n\nOperating revenues from Wynn Palace were $653.4 million for the second quarter\nof 2026, an increase of $113.8 million from $539.6 million for the second\nquarter of 2025. Adjusted Property EBITDAR from Wynn Palace was $201.5 million\nfor the second quarter of 2026, compared to $157.2 million for the second\nquarter of 2025. Table games win percentage in mass market operations was\n29.7%, above the 22.3% experienced in the second quarter of 2025. VIP table\ngames win as a percentage of turnover was 2.97%, below the property's expected\nrange of 3.1% to 3.4% and above the 2.86% experienced in the second quarter of\n2025.\n\nWynn Macau\n\nOperating revenues from Wynn Macau were $351.1 million for the second quarter\nof 2026, an increase of $7.3 million from $343.8 million for the second\nquarter of 2025. Adjusted Property EBITDAR from Wynn Macau was $95.5 million\nfor the second quarter of 2026, compared to $96.5 million for the second\nquarter of 2025. Table games win percentage in mass market operations was\n17.1%, below the 17.4% experienced in the second quarter of 2025. VIP table\ngames win as a percentage of turnover was 2.58%, below the property's expected\nrange of 3.1% to 3.4% and below the 3.41% experienced in the second quarter of\n2025.\n\nLas Vegas Operations\n\nOperating revenues from our Las Vegas Operations were $643.2 million for the\nsecond quarter of 2026, an increase of $4.6 million from $638.6 million for\nthe second quarter of 2025. Adjusted Property EBITDAR from our Las Vegas\nOperations for the second quarter of 2026 was $215.2 million, compared to\n$234.8 million for the second quarter of 2025. Table games win percentage for\nthe second quarter of 2026 was 23.9%, within the property's expected range of\n22% to 26% and above the 21.8% experienced in the second quarter of 2025.\n\nEncore Boston Harbor\n\nOperating revenues from Encore Boston Harbor were $209.3 million for the\nsecond quarter of 2026, a decrease of $6.4 million from $215.7 million for the\nsecond quarter of 2025. Adjusted Property EBITDAR from Encore Boston Harbor\nfor the second quarter of 2026 was $56.1 million, compared to $63.9 million\nfor the second quarter of 2025. Table games win percentage for the second\nquarter of 2026 was 18.1%, within the property's expected range of 18% to 22%\nand below the 21.3% experienced in the second quarter of 2025.\n\nWynn Al Marjan Island Development\n\nDuring the second quarter of 2026, the Company contributed $48.1 million of\ncash to the 40%-owned joint venture that is constructing the Wynn Al Marjan\nIsland development in the UAE, bringing our life-to-date cash contributions to\nthe project to $1.06 billion. Wynn Al Marjan Island is currently expected to\nopen in September 2027.\n\nBalance Sheet\n\nOur cash and cash equivalents as of June 30, 2026 totaled $1.57 billion,\nexcluding $527.4 million of short-term investments held by Wynn Macau,\nLimited (\"WML\"). Cash and cash equivalents is comprised of $944.8 million held\nby WML and subsidiaries, $393.4 million held by Wynn Resorts Finance, LLC\n(\"WRF\") and subsidiaries excluding WML, and $235.2 million held at Corporate\nand other. As of June 30, 2026, the available borrowing capacity under the\nWRF Revolver and the WM Cayman II Revolver was $1.03 billion and $1.35\nbillion, respectively.\n\nTotal current and long-term debt outstanding at June 30, 2026 was $10.72\nbillion, comprised of $5.76 billion of Macau-related debt, $877.8 million of\nWynn Las Vegas debt, $3.49 billion of WRF debt, and $598.9 million of debt\nheld by the retail joint venture which we consolidate.\n\nEquity Repurchase Program\n\nDuring the second quarter of 2026, the Company repurchased 741,098 shares of\nits common stock under its publicly announced equity repurchase program at an\naverage price of $101.20 per share, for an aggregate cost of $75.0 million.\nAs of June 30, 2026, the Company had $326.1 million in repurchase authority\nremaining under the equity repurchase program.\n\nConference Call and Other Information\n\nThe Company will hold a conference call to discuss its results, including the\nresults of Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC, on August 4,\n2026 at 1:30 p.m. PT (4:30 p.m. ET). Interested parties are invited to join\nthe call by accessing a live audio webcast at http://www.wynnresorts.com\n(http://www.wynnresorts.com) . On or before August 14, 2026, the Company will\nmake Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC financial information\nfor the quarter ended June 30, 2026 available to noteholders, prospective\ninvestors, broker-dealers and securities analysts. Please contact our investor\nrelations office at 702-770-7555 or at investorrelations@wynnresorts.com\n(mailto:investorrelations@wynnresorts.com) , to obtain access to such\nfinancial information.\n\nForward-looking Statements\n\nThis release contains forward-looking statements regarding operating trends\nand future results of operations. Such forward-looking statements are subject\nto a number of risks and uncertainties that could cause actual results to\ndiffer materially from those we express in these forward-looking statements,\nincluding, but not limited to, reductions in discretionary consumer spending,\nadverse macroeconomic conditions and their impact on levels of disposable\nconsumer income and wealth, changes in interest rates, inflation, a decline in\ngeneral economic activity or recession in the U.S. and/or global economies,\nextensive regulation of our business, pending or future legal proceedings,\nability to maintain gaming licenses and concessions, dependence on key\nemployees, geopolitical conflicts, adverse tourism trends, travel disruptions\ncaused by events outside of our control, dependence on a limited number of\nresorts, competition in the casino/hotel and resort industries, uncertainties\nover the development and success of new gaming and resort properties,\nconstruction and regulatory risks associated with current and future projects\n(including Wynn Al Marjan Island), cybersecurity risk and our leverage and\nability to meet our debt service obligations. Additional information\nconcerning potential factors that could affect the Company's financial results\nis included in the Company's Annual Report on Form 10-K for the year ended\nDecember 31, 2025, as supplemented by the Company's other periodic reports\nfiled with the Securities and Exchange Commission from time to time. The\nCompany is under no obligation to (and expressly disclaims any such obligation\nto) update or revise its forward-looking statements as a result of new\ninformation, future events or otherwise, except as required by law.\n\nNon-GAAP Financial Measures\n\n(1) \"Adjusted Property EBITDAR\" is net income before interest, income taxes,\ndepreciation and amortization, pre-opening expenses, property charges and\nother expenses, triple-net operating lease rent expense related to Encore\nBoston Harbor, management and license fees, corporate expenses and other\nexpenses (including intercompany golf course, meeting and convention, and\nwater rights leases), stock-based compensation, change in derivatives fair\nvalue, loss on debt financing transactions and other non-operating income and\nexpenses. Adjusted Property EBITDAR is presented exclusively as a supplemental\ndisclosure because management believes that it is widely used to measure the\nperformance, and as a basis for valuation, of gaming companies. Management\nuses Adjusted Property EBITDAR as a measure of the operating performance of\nits segments and to compare the operating performance of its properties with\nthose of its competitors, as well as a basis for determining certain incentive\ncompensation. We also present Adjusted Property EBITDAR because it is used by\nsome investors to measure a company's ability to incur and service debt, make\ncapital expenditures and meet working capital requirements. Gaming companies\nhave historically reported EBITDAR as a supplement to GAAP. In order to view\nthe operations of their casinos on a more stand-alone basis, gaming companies,\nincluding us, have historically excluded from their EBITDAR calculations\npre-opening expenses, property charges, corporate expenses and stock-based\ncompensation, that do not relate to the management of specific casino\nproperties. However, Adjusted Property EBITDAR should not be considered as an\nalternative to operating income (loss) as an indicator of our performance, as\nan alternative to cash flows from operating activities as a measure of\nliquidity, or as an alternative to any other measure determined in accordance\nwith GAAP. Unlike net income, Adjusted Property EBITDAR does not include\ndepreciation or interest expense and therefore does not reflect current or\nfuture capital expenditures or the cost of capital. We have significant uses\nof cash flows, including capital expenditures, triple-net operating lease rent\nexpense related to Encore Boston Harbor, interest payments, debt principal\nrepayments, income taxes and other non-recurring charges, which are not\nreflected in Adjusted Property EBITDAR. Also, our calculation of Adjusted\nProperty EBITDAR may be different from the calculation methods used by other\ncompanies and, therefore, comparability may be limited.\n\n(2) \"Adjusted net income attributable to Wynn Resorts, Limited\" is net income\nattributable to Wynn Resorts, Limited before pre-opening expenses, property\ncharges and other expenses, change in derivatives fair value, foreign currency\nremeasurement and other, and income taxes calculated using the specific tax\ntreatment applicable to the adjustments based on their respective\njurisdictions. Adjusted net income attributable to Wynn Resorts, Limited and\nadjusted net income attributable to Wynn Resorts, Limited per diluted share\nare presented as supplemental disclosures to financial measures in accordance\nwith GAAP because management believes that these non-GAAP financial measures\nare widely used to measure the performance, and as a principal basis for\nvaluation, of gaming companies. These measures are used by management and/or\nevaluated by some investors, in addition to net income per share computed in\naccordance with GAAP, as an additional basis for assessing period-to-period\nresults of our business. Adjusted net income attributable to Wynn Resorts,\nLimited and adjusted net income attributable to Wynn Resorts, Limited per\ndiluted share may be different from the calculation methods used by other\ncompanies and, therefore, comparability may be limited.\n\nThe Company has included schedules in the tables that accompany this release\nthat reconcile (i) net income attributable to Wynn Resorts, Limited to\nadjusted net income attributable to Wynn Resorts, Limited, (ii) operating\nincome (loss) to Adjusted Property EBITDAR, and (iii) net income attributable\nto Wynn Resorts, Limited to Adjusted Property EBITDAR.\n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS\n\n(in thousands, except per share data)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n Operating revenues:\n Casino $ 1,175,288 $ 1,051,834 $ 2,352,521 $ 2,092,264\n Rooms 290,303 291,053 580,684 565,574\n Food and beverage 264,344 261,057 523,363 510,936\n Entertainment, retail and other 126,998 133,853 257,127 269,420\n Total operating revenues 1,856,933 1,737,797 3,713,695 3,438,194\n Operating expenses:\n Casino 721,384 643,108 1,454,054 1,277,941\n Rooms 88,569 86,042 178,360 170,139\n Food and beverage 236,642 224,400 465,464 425,067\n Entertainment, retail and other 51,390 58,041 111,103 120,227\n General and administrative 270,115 280,815 545,319 556,504\n Provision for credit losses 6,930 3,353 10,987 4,749\n Pre-opening 9,232 11,286 20,977 16,573\n Depreciation and amortization 165,421 152,907 325,948 308,328\n Property charges and other 9,662 13,245 21,291 25,477\n Total operating expenses 1,559,345 1,473,197 3,133,503 2,905,005\n Operating income 297,588 264,600 580,192 533,189\n Other income (expense):\n Interest income 12,774 15,859 25,866 35,218\n Interest expense, net of amounts capitalized (152,177) (154,551) (304,539) (312,159)\n Change in derivatives fair value 43,287 (1,112) 90,057 (30,651)\n Loss on debt financing transactions — (1,083) — (1,083)\n Other (2,746) (36,164) (32,180) (44,538)\n Other income (expense), net (98,862) (177,051) (220,796) (353,213)\n Income before income taxes 198,726 87,549 359,396 179,976\n Provision for income taxes (16,154) (10,588) (26,286) (21,610)\n Net income 182,572 76,961 333,110 158,366\n Less: net income attributable to noncontrolling interests (42,510) (10,743) (72,594) (19,401)\n\n Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965\n Basic and diluted net income per common share:\n Net income attributable to Wynn Resorts, Limited:\n Basic $ 1.37 $ 0.64 $ 2.53 $ 1.33\n Diluted $ 1.32 $ 0.64 $ 2.36 $ 1.33\n Weighted average common shares outstanding:\n Basic 102,574 103,491 102,828 104,486\n Diluted 102,983 103,780 103,390 104,749\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED\n\nTO ADJUSTED NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED\n\n(in thousands, except per share data)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965\n Pre-opening expenses 9,232 11,286 20,977 16,573\n Property charges and other 9,662 13,245 21,291 25,477\n Change in derivatives fair value (43,287) 1,112 (90,057) 30,651\n Loss on debt financing transactions — 1,083 — 1,083\n Foreign currency remeasurement and other 2,746 36,164 32,180 44,538\n Income tax impact on adjustments (1,254) (3,178) (2,384) (4,854)\n Noncontrolling interests impact on adjustments 10,293 (12,595) 14,663 (25,953)\n Adjusted net income attributable to Wynn Resorts, Limited $ 127,454 $ 113,335 $ 257,186 $ 226,480\n\n Adjusted net income attributable to Wynn Resorts, Limited per $ 1.24 $ 1.09 $ 2.49 $ 2.16\n diluted share\n\n Weighted average common shares outstanding - diluted 102,983 103,780 103,390 104,749\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR\n\n(in thousands)\n\n(unaudited)\n\n Three Months Ended June 30, 2026\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 113,196 $ 57,548 $ (7,908) $ 162,836 $ 102,412 $ (6,365) $ 38,705 $ 297,588\n Pre-opening expenses — 146 — 146 252 — 8,834 9,232\n Depreciation and amortization 62,502 20,879 397 83,778 63,103 14,522 4,018 165,421\n Property charges and other 1,869 2,536 3 4,408 5,134 184 (64) 9,662\n Management and license fees 20,592 10,680 — 31,272 30,192 10,227 (71,691) —\n Corporate expenses and other 2,245 2,281 6,765 11,291 8,309 1,746 12,863 34,209\n Stock-based compensation 1,084 1,441 743 3,268 5,824 475 7,335 16,902\n Triple-net operating lease rent expense — — — — — 35,295 — 35,295\n Adjusted Property EBITDAR $ 201,488 $ 95,511 $ — $ 296,999 $ 215,226 $ 56,084 $ — $ 568,309\n\n Three Months Ended June 30, 2025\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 72,760 $ 62,988 $ (7,464) $ 128,284 $ 110,457 $ 1,047 $ 24,812 $ 264,600\n Pre-opening expenses 3,004 — — 3,004 2,095 — 6,187 11,286\n Depreciation and amortization 59,344 18,280 398 78,022 58,821 14,229 1,835 152,907\n Property charges and other 1,115 1,233 10 2,358 8,363 1,047 1,477 13,245\n Management and license fees 17,605 10,648 — 28,253 30,125 10,449 (68,827) —\n Corporate expenses and other 2,045 2,079 6,137 10,261 7,594 1,585 27,006 46,446\n Stock-based compensation 1,333 1,282 919 3,534 17,357 436 7,510 28,837\n Triple-net operating lease rent expense — — — — — 35,066 — 35,066\n Adjusted Property EBITDAR $ 157,206 $ 96,510 $ — $ 253,716 $ 234,812 $ 63,859 $ — $ 552,387\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR\n\n(in thousands)\n\n(unaudited)\n\n Six Months Ended June 30, 2026\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 225,986 $ 98,520 $ (16,407) $ 308,099 $ 215,245 $ (20,403) $ 77,251 $ 580,192\n Pre-opening expenses 662 146 — 808 3,812 — 16,357 20,977\n Depreciation and amortization 123,735 41,252 795 165,782 123,878 28,973 7,315 325,948\n Property charges and other 5,779 2,731 10 8,520 9,793 2,667 311 21,291\n Management and license fees 41,898 20,778 — 62,676 61,222 20,176 (144,074) —\n Corporate expenses and other 4,790 4,950 14,057 23,797 16,416 3,579 25,227 69,019\n Stock-based compensation 2,460 2,750 1,545 6,755 17,320 952 17,613 42,640\n Triple-net operating lease rent expense — — — — — 70,659 — 70,659\n Adjusted Property EBITDAR $ 405,310 $ 171,127 $ — $ 576,437 $ 447,686 $ 106,603 $ — $ 1,130,726\n\n Six Months Ended June 30, 2025\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 155,325 $ 115,730 $ (15,623) $ 255,432 $ 226,536 $ (9,688) $ 60,909 $ 533,189\n Pre-opening expenses 4,204 — — 4,204 2,855 — 9,514 16,573\n Depreciation and amortization 115,781 37,504 796 154,081 121,449 28,195 4,603 308,328\n Property charges and other 1,823 5,439 16 7,278 9,065 6,563 2,571 25,477\n Management and license fees 35,105 21,021 — 56,126 59,448 20,590 (136,164) —\n Corporate expenses and other 4,251 4,394 12,887 21,532 15,488 3,273 42,734 83,027\n Stock-based compensation 2,602 2,621 1,924 7,147 23,332 1,925 15,833 48,237\n Triple-net operating lease rent expense — — — — — 70,455 — 70,455\n Adjusted Property EBITDAR $ 319,091 $ 186,709 $ — $ 505,800 $ 458,173 $ 121,313 $ — $ 1,085,286\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO\n\nADJUSTED PROPERTY EBITDAR\n\n(in thousands)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965\n Net income attributable to noncontrolling interests 42,510 10,743 72,594 19,401\n\n Pre-opening expenses 9,232 11,286 20,977 16,573\n Depreciation and amortization 165,421 152,907 325,948 308,328\n Property charges and other 9,662 13,245 21,291 25,477\n Triple-net operating lease rent expense 35,295 35,066 70,659 70,455\n Corporate expenses and other 34,209 46,446 69,019 83,027\n Stock-based compensation 16,902 28,837 42,640 48,237\n Interest income (12,774) (15,859) (25,866) (35,218)\n Interest expense, net of amounts capitalized 152,177 154,551 304,539 312,159\n Change in derivatives fair value (43,287) 1,112 (90,057) 30,651\n Loss on debt financing transactions — 1,083 — 1,083\n Other 2,746 36,164 32,180 44,538\n Provision for income taxes 16,154 10,588 26,286 21,610\n Adjusted Property EBITDAR $ 568,309 $ 552,387 $ 1,130,726 $ 1,085,286\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR and REVPAR)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Wynn Palace Supplemental Information\n Operating revenues\n Casino $ 564,356 $ 448,298 25.9 $ 1,129,273 $ 892,806 26.5\n Rooms 36,188 38,481 (6.0) 73,822 75,096 (1.7)\n Food and beverage 31,785 30,446 4.4 64,820 62,184 4.2\n Entertainment, retail and other 21,070 22,416 (6.0) 44,822 45,484 (1.5)\n Total $ 653,399 $ 539,641 21.1 $ 1,312,737 $ 1,075,570 22.1\n\n Adjusted Property EBITDAR ((6)) $ 201,488 $ 157,206 28.2 $ 405,310 $ 319,091 27.0\n\n Casino statistics:\n VIP:\n Average number of table games 47 52 (9.6) 49 54 (9.3)\n VIP turnover $ 2,767,504 $ 4,071,052 (32.0) $ 7,083,818 $ 8,076,093 (12.3)\n VIP table games win ((1)) $ 82,313 $ 116,471 (29.3) $ 216,555 $ 221,003 (2.0)\n VIP table games win as a % of turnover 2.97 % 2.86 % 3.06 % 2.74 %\n\n Table games win per unit per day $ 19,174 $ 24,438 (21.5) $ 24,589 $ 22,735 8.2\n Mass market:\n Average number of table games 287 249 15.3 281 248 13.3\n Table drop ((2)) $ 1,899,985 $ 1,844,054 3.0 $ 3,871,036 $ 3,548,452 9.1\n Table games win ((1)) $ 563,348 $ 411,604 36.9 $ 1,087,145 $ 833,996 30.4\n Table games win % 29.7 % 22.3 % 28.1 % 23.5 %\n Table games win per unit per day $ 21,590 $ 18,171 18.8 $ 21,392 $ 18,566 15.2\n Average number of slot machines 721 627 15.0 722 638 13.2\n Slot machine handle $ 960,344 $ 757,815 26.7 $ 1,820,867 $ 1,492,685 22.0\n Slot machine win ((3)) $ 40,695 $ 32,482 25.3 $ 76,151 $ 61,838 23.1\n Slot machine win per unit per day $ 620 $ 569 9.0 $ 582 $ 535 8.8\n Room statistics:\n Occupancy 98.9 % 98.7 % 99.0 % 98.5 %\n ADR ((4)) $ 219 $ 232 (5.6) $ 224 $ 227 (1.3)\n REVPAR ((5)) $ 216 $ 229 (5.7) $ 222 $ 224 (0.9)\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR and REVPAR)\n\n(unaudited) (continued)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Wynn Macau Supplemental Information\n Operating revenues\n Casino $ 300,726 $ 293,380 2.5 $ 577,458 $ 568,930 1.5\n Rooms 20,907 21,742 (3.8) 42,227 45,039 (6.2)\n Food and beverage 16,761 17,020 (1.5) 36,031 35,812 0.6\n Entertainment, retail and other 12,692 11,671 8.7 25,222 23,992 5.1\n Total $ 351,086 $ 343,813 2.1 $ 680,938 $ 673,773 1.1\n\n Adjusted Property EBITDAR( (6)) $ 95,511 $ 96,510 (1.0) $ 171,127 $ 186,709 (8.3)\n\n Casino statistics:\n VIP:\n Average number of table games 10 21 (52.4) 11 25 (56.0)\n VIP turnover $ 428,101 $ 981,735 (56.4) $ 1,013,987 $ 2,418,782 (58.1)\n VIP table games win ((1)) $ 11,044 $ 33,438 (67.0) $ 13,321 $ 49,152 (72.9)\n VIP table games win as a % of turnover 2.58 % 3.41 % 1.31 % 2.03 %\n\n Table games win per unit per day $ 11,576 $ 17,571 (34.1) $ 6,505 $ 10,777 (39.6)\n Mass market:\n Average number of table games 213 231 (7.8) 216 226 (4.4)\n Table drop ((2)) $ 1,751,881 $ 1,617,756 8.3 $ 3,655,442 $ 3,160,641 15.7\n Table games win ((1)) $ 300,200 $ 280,836 6.9 $ 588,325 $ 569,385 3.3\n Table games win % 17.1 % 17.4 % 16.1 % 18.0 %\n Table games win per unit per day $ 15,453 $ 13,346 15.8 $ 15,025 $ 13,916 8.0\n Average number of slot machines 922 751 22.8 916 740 23.8\n Slot machine handle $ 1,190,692 $ 1,009,092 18.0 $ 2,429,785 $ 1,862,499 30.5\n Slot machine win ((3)) $ 34,925 $ 25,193 38.6 $ 71,138 $ 49,560 43.5\n Slot machine win per unit per day $ 416 $ 369 12.7 $ 429 $ 370 15.9\n Room statistics:\n Occupancy 99.3 % 99.4 % 99.5 % 99.2 %\n ADR ((4)) $ 209 $ 216 (3.2) $ 216 $ 225 (4.0)\n REVPAR ((5)) $ 208 $ 215 (3.3) $ 215 $ 223 (3.6)\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR and REVPAR)\n\n(unaudited) (continued)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Las Vegas Operations Supplemental Information\n Operating revenues\n Casino $ 158,104 $ 148,502 6.5 $ 336,295 $ 309,495 8.7\n Rooms 208,132 207,981 0.1 420,693 403,849 4.2\n Food and beverage 195,688 194,861 0.4 384,416 374,303 2.7\n Entertainment, retail and other 81,244 87,289 (6.9) 163,673 176,271 (7.1)\n Total $ 643,168 $ 638,633 0.7 $ 1,305,077 $ 1,263,918 3.3\n\n Adjusted Property EBITDAR ((6)) $ 215,226 $ 234,812 (8.3) $ 447,686 $ 458,173 (2.3)\n\n Casino statistics:\n Average number of table games 242 232 4.3 242 234 3.4\n Table drop ((2)) $ 638,243 $ 609,232 4.8 $ 1,323,544 $ 1,201,759 10.1\n Table games win ((1)) $ 152,660 $ 132,975 14.8 $ 325,065 $ 277,036 17.3\n Table games win % 23.9 % 21.8 % 24.6 % 23.1 %\n Table games win per unit per day $ 6,922 $ 6,300 9.9 $ 7,426 $ 6,538 13.6\n Average number of slot machines 1,558 1,564 (0.4) 1,566 1,577 (0.7)\n Slot machine handle $ 1,813,124 $ 1,760,253 3.0 $ 3,628,604 $ 3,538,339 2.6\n Slot machine win ((3)) $ 117,009 $ 123,606 (5.3) $ 237,344 $ 246,850 (3.9)\n Slot machine win per unit per day $ 825 $ 868 (5.0) $ 837 $ 865 (3.2)\n Poker rake $ 7,712 $ 8,103 (4.8) $ 11,511 $ 12,434 (7.4)\n Room statistics:\n Occupancy 87.1 % 89.2 % 86.3 % 88.3 %\n ADR ((4)) $ 575 $ 548 4.9 $ 583 $ 538 8.4\n REVPAR ((5)) $ 501 $ 489 2.5 $ 504 $ 475 6.1\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR, and REVPAR)\n\n(unaudited) (continued)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Encore Boston Harbor Supplemental Information\n\n Operating revenues\n Casino $ 152,102 $ 161,654 (5.9) $ 309,495 $ 321,033 (3.6)\n Rooms 25,076 22,849 9.7 43,942 41,590 5.7\n Food and beverage 20,110 18,730 7.4 38,096 38,637 (1.4)\n Entertainment, retail and other 11,992 12,477 (3.9) 23,410 23,673 (1.1)\n Total $ 209,280 $ 215,710 (3.0) $ 414,943 $ 424,933 (2.4)\n\n Adjusted Property EBITDAR ((6)) $ 56,084 $ 63,859 (12.2) $ 106,603 $ 121,313 (12.1)\n\n Casino statistics:\n Average number of table games 172 172 — 172 172 —\n Table drop ((2)) $ 348,381 $ 338,184 3.0 $ 672,657 $ 678,246 (0.8)\n Table games win ((1)) $ 62,913 $ 72,016 (12.6) $ 128,336 $ 141,898 (9.6)\n Table games win % 18.1 % 21.3 % 19.1 % 20.9 %\n Table games win per unit per day $ 4,021 $ 4,601 (12.6) $ 4,123 $ 4,558 (9.5)\n Average number of slot machines 2,570 2,718 (5.4) 2,676 2,718 (1.5)\n Slot machine handle $ 1,391,561 $ 1,365,349 1.9 $ 2,736,640 $ 2,722,548 0.5\n Slot machine win ((3)) $ 110,444 $ 109,472 0.9 $ 220,024 $ 216,954 1.4\n Slot machine win per unit per day $ 472 $ 443 6.5 $ 454 $ 441 2.9\n Poker rake $ 5,530 $ 5,430 1.8 $ 10,904 $ 11,072 (1.5)\n Room statistics:\n Occupancy 92.7 % 92.9 % 89.3 % 90.5 %\n ADR ((4)) $ 445 $ 405 9.9 $ 407 $ 382 6.5\n REVPAR ((5)) $ 412 $ 376 9.6 $ 363 $ 346 4.9\n\n (1) Table games win is shown before discounts, commissions and the allocation\n of casino revenues to rooms, food and beverage and other revenues for\n services provided to casino customers on a complimentary basis.\n (2) In Macau, table drop is the amount of cash that is deposited in a gaming\n table's drop box plus cash chips purchased at the casino cage. In Las Vegas,\n table drop is the amount of cash and net markers issued that are deposited in\n a gaming table's drop box. At Encore Boston Harbor, table drop is the amount\n of cash and gross markers that are deposited in a gaming table's drop box.\n (3) Slot machine win is calculated as gross slot machine win minus progressive\n accruals and free play.\n (4) ADR is average daily rate and is calculated by dividing total room revenues\n including complimentaries (less service charges, if any) by total rooms\n occupied.\n (5) REVPAR is revenue per available room and is calculated by dividing total room\n revenues including complimentaries (less service charges, if any) by total\n rooms available.\n (6) Refer to accompanying reconciliations of Operating Income (Loss) to Adjusted\n Property EBITDAR and Net Income Attributable to Wynn Resorts, Limited to\n Adjusted Property EBITDAR.\n\n \n\nCONTACT:\nLauren Seiler\n702-770-7555\ninvestorrelations@wynnresorts.com (mailto:investorrelations@wynnresorts.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/wynn-resorts-limited-reports-second-quarter-2026-results-302842811.html\n(https://www.prnewswire.com/news-releases/wynn-resorts-limited-reports-second-quarter-2026-results-302842811.html)\n\nSOURCE Wynn Resorts, Limited\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1784689/Wynn-Resorts-Logo.jpg?id=OA2823164\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1M5KKqa","title":"Wynn Resorts, Limited Reports Second Quarter 2026 Results","author":"PR Newswire","ticker":"WYNN","created":"2026-08-04T20:01:00.831Z","tickers":["WYNN"],"exchange":"NASDAQ","article_body":"Wynn Resorts, Limited Reports Second Quarter 2026 Results\n\nPR Newswire\n\nLAS VEGAS, August 4, 2026\n\nLAS VEGAS, August 4, 2026 /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN)\n(\"Wynn Resorts\" or the \"Company\") today reported financial results for the\nsecond quarter ended June 30, 2026.\n\nOperating revenues were $1.86 billion for the second quarter of 2026, an\nincrease of $119.1 million from $1.74 billion for the second quarter of 2025.\nNet income attributable to Wynn Resorts, Limited was $140.1 million for the\nsecond quarter of 2026, compared to net income attributable to Wynn Resorts,\nLimited of $66.2 million for the second quarter of 2025. Diluted net income\nper share was $1.32 for the second quarter of 2026, compared to diluted net\nincome per share of $0.64 for the second quarter of 2025. Adjusted Property\nEBITDAR((1)) was $568.3 million for the second quarter of 2026, compared to\nAdjusted Property EBITDAR of $552.4 million for the second quarter of 2025.\n\n\"Our second quarter results, including a monthly record for Adjusted Property\nEBITDAR in Las Vegas in May, and strong performance in Macau, reflect\ncontinued healthy demand dynamics throughout our business. I am incredibly\nproud of our teams in both regions,\" said Craig Billings, CEO of Wynn Resorts,\nLimited. \"Importantly, we continue to invest in both growing and diversifying\nour business with construction at Wynn Al Marjan Island progressing at a rapid\npace. Wynn Resorts, alongside our partners in Ras Al Khaimah, are now pleased\nto announce that Wynn Al Marjan Island, the most exciting integrated resort to\nbe developed in over a decade, will open its doors to guests in September of\n2027.\"\n\nConsolidated Results\n\nOperating revenues were $1.86 billion for the second quarter of 2026, an\nincrease of $119.1 million from $1.74 billion for the second quarter of 2025.\nFor the second quarter of 2026, operating revenues increased $113.8 million,\n$7.3 million, and $4.6 million at Wynn Palace, Wynn Macau, and our Las Vegas\nOperations, respectively, and decreased $6.4 million at Encore Boston Harbor,\nfrom the second quarter of 2025.\n\nNet income attributable to Wynn Resorts, Limited was $140.1 million for the\nsecond quarter of 2026, compared to net income attributable to Wynn Resorts,\nLimited of $66.2 million for the second quarter of 2025. Diluted net income\nper share was $1.32 for the second quarter of 2026, compared to diluted net\nincome per share of $0.64 for the second quarter of 2025. Adjusted net income\nattributable to Wynn Resorts, Limited((2)) was $127.5 million, or $1.24 per\ndiluted share, for the second quarter of 2026, compared to adjusted net income\nattributable to Wynn Resorts, Limited of $113.3 million, or $1.09 per diluted\nshare, for the second quarter of 2025.\n\nAdjusted Property EBITDAR was $568.3 million for the second quarter of 2026,\nan increase of $15.9 million compared to Adjusted Property EBITDAR of $552.4\nmillion for the second quarter of 2025. For the second quarter of 2026,\nAdjusted Property EBITDAR increased $44.3 million at Wynn Palace and decreased\n$19.6 million, $7.8 million, and $1.0 million at our Las Vegas Operations,\nEncore Boston Harbor, and Wynn Macau, respectively, from the second quarter of\n2025.\n\nWynn Resorts, Limited also announced on August 4, 2026 that its Board of\nDirectors declared a cash dividend of $0.25 per share, payable on August 28,\n2026 to stockholders of record as of August 14, 2026.\n\nProperty Results\n\nMacau Operations\n\nWynn Palace\n\nOperating revenues from Wynn Palace were $653.4 million for the second quarter\nof 2026, an increase of $113.8 million from $539.6 million for the second\nquarter of 2025. Adjusted Property EBITDAR from Wynn Palace was $201.5 million\nfor the second quarter of 2026, compared to $157.2 million for the second\nquarter of 2025. Table games win percentage in mass market operations was\n29.7%, above the 22.3% experienced in the second quarter of 2025. VIP table\ngames win as a percentage of turnover was 2.97%, below the property's expected\nrange of 3.1% to 3.4% and above the 2.86% experienced in the second quarter of\n2025.\n\nWynn Macau\n\nOperating revenues from Wynn Macau were $351.1 million for the second quarter\nof 2026, an increase of $7.3 million from $343.8 million for the second\nquarter of 2025. Adjusted Property EBITDAR from Wynn Macau was $95.5 million\nfor the second quarter of 2026, compared to $96.5 million for the second\nquarter of 2025. Table games win percentage in mass market operations was\n17.1%, below the 17.4% experienced in the second quarter of 2025. VIP table\ngames win as a percentage of turnover was 2.58%, below the property's expected\nrange of 3.1% to 3.4% and below the 3.41% experienced in the second quarter of\n2025.\n\nLas Vegas Operations\n\nOperating revenues from our Las Vegas Operations were $643.2 million for the\nsecond quarter of 2026, an increase of $4.6 million from $638.6 million for\nthe second quarter of 2025. Adjusted Property EBITDAR from our Las Vegas\nOperations for the second quarter of 2026 was $215.2 million, compared to\n$234.8 million for the second quarter of 2025. Table games win percentage for\nthe second quarter of 2026 was 23.9%, within the property's expected range of\n22% to 26% and above the 21.8% experienced in the second quarter of 2025.\n\nEncore Boston Harbor\n\nOperating revenues from Encore Boston Harbor were $209.3 million for the\nsecond quarter of 2026, a decrease of $6.4 million from $215.7 million for the\nsecond quarter of 2025. Adjusted Property EBITDAR from Encore Boston Harbor\nfor the second quarter of 2026 was $56.1 million, compared to $63.9 million\nfor the second quarter of 2025. Table games win percentage for the second\nquarter of 2026 was 18.1%, within the property's expected range of 18% to 22%\nand below the 21.3% experienced in the second quarter of 2025.\n\nWynn Al Marjan Island Development\n\nDuring the second quarter of 2026, the Company contributed $48.1 million of\ncash to the 40%-owned joint venture that is constructing the Wynn Al Marjan\nIsland development in the UAE, bringing our life-to-date cash contributions to\nthe project to $1.06 billion. Wynn Al Marjan Island is currently expected to\nopen in September 2027.\n\nBalance Sheet\n\nOur cash and cash equivalents as of June 30, 2026 totaled $1.57 billion,\nexcluding $527.4 million of short-term investments held by Wynn Macau,\nLimited (\"WML\"). Cash and cash equivalents is comprised of $944.8 million held\nby WML and subsidiaries, $393.4 million held by Wynn Resorts Finance, LLC\n(\"WRF\") and subsidiaries excluding WML, and $235.2 million held at Corporate\nand other. As of June 30, 2026, the available borrowing capacity under the\nWRF Revolver and the WM Cayman II Revolver was $1.03 billion and $1.35\nbillion, respectively.\n\nTotal current and long-term debt outstanding at June 30, 2026 was $10.72\nbillion, comprised of $5.76 billion of Macau-related debt, $877.8 million of\nWynn Las Vegas debt, $3.49 billion of WRF debt, and $598.9 million of debt\nheld by the retail joint venture which we consolidate.\n\nEquity Repurchase Program\n\nDuring the second quarter of 2026, the Company repurchased 741,098 shares of\nits common stock under its publicly announced equity repurchase program at an\naverage price of $101.20 per share, for an aggregate cost of $75.0 million.\nAs of June 30, 2026, the Company had $326.1 million in repurchase authority\nremaining under the equity repurchase program.\n\nConference Call and Other Information\n\nThe Company will hold a conference call to discuss its results, including the\nresults of Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC, on August 4,\n2026 at 1:30 p.m. PT (4:30 p.m. ET). Interested parties are invited to join\nthe call by accessing a live audio webcast at http://www.wynnresorts.com\n(http://www.wynnresorts.com) . On or before August 14, 2026, the Company will\nmake Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC financial information\nfor the quarter ended June 30, 2026 available to noteholders, prospective\ninvestors, broker-dealers and securities analysts. Please contact our investor\nrelations office at 702-770-7555 or at investorrelations@wynnresorts.com\n(mailto:investorrelations@wynnresorts.com) , to obtain access to such\nfinancial information.\n\nForward-looking Statements\n\nThis release contains forward-looking statements regarding operating trends\nand future results of operations. Such forward-looking statements are subject\nto a number of risks and uncertainties that could cause actual results to\ndiffer materially from those we express in these forward-looking statements,\nincluding, but not limited to, reductions in discretionary consumer spending,\nadverse macroeconomic conditions and their impact on levels of disposable\nconsumer income and wealth, changes in interest rates, inflation, a decline in\ngeneral economic activity or recession in the U.S. and/or global economies,\nextensive regulation of our business, pending or future legal proceedings,\nability to maintain gaming licenses and concessions, dependence on key\nemployees, geopolitical conflicts, adverse tourism trends, travel disruptions\ncaused by events outside of our control, dependence on a limited number of\nresorts, competition in the casino/hotel and resort industries, uncertainties\nover the development and success of new gaming and resort properties,\nconstruction and regulatory risks associated with current and future projects\n(including Wynn Al Marjan Island), cybersecurity risk and our leverage and\nability to meet our debt service obligations. Additional information\nconcerning potential factors that could affect the Company's financial results\nis included in the Company's Annual Report on Form 10-K for the year ended\nDecember 31, 2025, as supplemented by the Company's other periodic reports\nfiled with the Securities and Exchange Commission from time to time. The\nCompany is under no obligation to (and expressly disclaims any such obligation\nto) update or revise its forward-looking statements as a result of new\ninformation, future events or otherwise, except as required by law.\n\nNon-GAAP Financial Measures\n\n(1) \"Adjusted Property EBITDAR\" is net income before interest, income taxes,\ndepreciation and amortization, pre-opening expenses, property charges and\nother expenses, triple-net operating lease rent expense related to Encore\nBoston Harbor, management and license fees, corporate expenses and other\nexpenses (including intercompany golf course, meeting and convention, and\nwater rights leases), stock-based compensation, change in derivatives fair\nvalue, loss on debt financing transactions and other non-operating income and\nexpenses. Adjusted Property EBITDAR is presented exclusively as a supplemental\ndisclosure because management believes that it is widely used to measure the\nperformance, and as a basis for valuation, of gaming companies. Management\nuses Adjusted Property EBITDAR as a measure of the operating performance of\nits segments and to compare the operating performance of its properties with\nthose of its competitors, as well as a basis for determining certain incentive\ncompensation. We also present Adjusted Property EBITDAR because it is used by\nsome investors to measure a company's ability to incur and service debt, make\ncapital expenditures and meet working capital requirements. Gaming companies\nhave historically reported EBITDAR as a supplement to GAAP. In order to view\nthe operations of their casinos on a more stand-alone basis, gaming companies,\nincluding us, have historically excluded from their EBITDAR calculations\npre-opening expenses, property charges, corporate expenses and stock-based\ncompensation, that do not relate to the management of specific casino\nproperties. However, Adjusted Property EBITDAR should not be considered as an\nalternative to operating income (loss) as an indicator of our performance, as\nan alternative to cash flows from operating activities as a measure of\nliquidity, or as an alternative to any other measure determined in accordance\nwith GAAP. Unlike net income, Adjusted Property EBITDAR does not include\ndepreciation or interest expense and therefore does not reflect current or\nfuture capital expenditures or the cost of capital. We have significant uses\nof cash flows, including capital expenditures, triple-net operating lease rent\nexpense related to Encore Boston Harbor, interest payments, debt principal\nrepayments, income taxes and other non-recurring charges, which are not\nreflected in Adjusted Property EBITDAR. Also, our calculation of Adjusted\nProperty EBITDAR may be different from the calculation methods used by other\ncompanies and, therefore, comparability may be limited.\n\n(2) \"Adjusted net income attributable to Wynn Resorts, Limited\" is net income\nattributable to Wynn Resorts, Limited before pre-opening expenses, property\ncharges and other expenses, change in derivatives fair value, foreign currency\nremeasurement and other, and income taxes calculated using the specific tax\ntreatment applicable to the adjustments based on their respective\njurisdictions. Adjusted net income attributable to Wynn Resorts, Limited and\nadjusted net income attributable to Wynn Resorts, Limited per diluted share\nare presented as supplemental disclosures to financial measures in accordance\nwith GAAP because management believes that these non-GAAP financial measures\nare widely used to measure the performance, and as a principal basis for\nvaluation, of gaming companies. These measures are used by management and/or\nevaluated by some investors, in addition to net income per share computed in\naccordance with GAAP, as an additional basis for assessing period-to-period\nresults of our business. Adjusted net income attributable to Wynn Resorts,\nLimited and adjusted net income attributable to Wynn Resorts, Limited per\ndiluted share may be different from the calculation methods used by other\ncompanies and, therefore, comparability may be limited.\n\nThe Company has included schedules in the tables that accompany this release\nthat reconcile (i) net income attributable to Wynn Resorts, Limited to\nadjusted net income attributable to Wynn Resorts, Limited, (ii) operating\nincome (loss) to Adjusted Property EBITDAR, and (iii) net income attributable\nto Wynn Resorts, Limited to Adjusted Property EBITDAR.\n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS\n\n(in thousands, except per share data)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n Operating revenues:\n Casino $ 1,175,288 $ 1,051,834 $ 2,352,521 $ 2,092,264\n Rooms 290,303 291,053 580,684 565,574\n Food and beverage 264,344 261,057 523,363 510,936\n Entertainment, retail and other 126,998 133,853 257,127 269,420\n Total operating revenues 1,856,933 1,737,797 3,713,695 3,438,194\n Operating expenses:\n Casino 721,384 643,108 1,454,054 1,277,941\n Rooms 88,569 86,042 178,360 170,139\n Food and beverage 236,642 224,400 465,464 425,067\n Entertainment, retail and other 51,390 58,041 111,103 120,227\n General and administrative 270,115 280,815 545,319 556,504\n Provision for credit losses 6,930 3,353 10,987 4,749\n Pre-opening 9,232 11,286 20,977 16,573\n Depreciation and amortization 165,421 152,907 325,948 308,328\n Property charges and other 9,662 13,245 21,291 25,477\n Total operating expenses 1,559,345 1,473,197 3,133,503 2,905,005\n Operating income 297,588 264,600 580,192 533,189\n Other income (expense):\n Interest income 12,774 15,859 25,866 35,218\n Interest expense, net of amounts capitalized (152,177) (154,551) (304,539) (312,159)\n Change in derivatives fair value 43,287 (1,112) 90,057 (30,651)\n Loss on debt financing transactions — (1,083) — (1,083)\n Other (2,746) (36,164) (32,180) (44,538)\n Other income (expense), net (98,862) (177,051) (220,796) (353,213)\n Income before income taxes 198,726 87,549 359,396 179,976\n Provision for income taxes (16,154) (10,588) (26,286) (21,610)\n Net income 182,572 76,961 333,110 158,366\n Less: net income attributable to noncontrolling interests (42,510) (10,743) (72,594) (19,401)\n\n Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965\n Basic and diluted net income per common share:\n Net income attributable to Wynn Resorts, Limited:\n Basic $ 1.37 $ 0.64 $ 2.53 $ 1.33\n Diluted $ 1.32 $ 0.64 $ 2.36 $ 1.33\n Weighted average common shares outstanding:\n Basic 102,574 103,491 102,828 104,486\n Diluted 102,983 103,780 103,390 104,749\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED\n\nTO ADJUSTED NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED\n\n(in thousands, except per share data)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965\n Pre-opening expenses 9,232 11,286 20,977 16,573\n Property charges and other 9,662 13,245 21,291 25,477\n Change in derivatives fair value (43,287) 1,112 (90,057) 30,651\n Loss on debt financing transactions — 1,083 — 1,083\n Foreign currency remeasurement and other 2,746 36,164 32,180 44,538\n Income tax impact on adjustments (1,254) (3,178) (2,384) (4,854)\n Noncontrolling interests impact on adjustments 10,293 (12,595) 14,663 (25,953)\n Adjusted net income attributable to Wynn Resorts, Limited $ 127,454 $ 113,335 $ 257,186 $ 226,480\n\n Adjusted net income attributable to Wynn Resorts, Limited per $ 1.24 $ 1.09 $ 2.49 $ 2.16\n diluted share\n\n Weighted average common shares outstanding - diluted 102,983 103,780 103,390 104,749\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR\n\n(in thousands)\n\n(unaudited)\n\n Three Months Ended June 30, 2026\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 113,196 $ 57,548 $ (7,908) $ 162,836 $ 102,412 $ (6,365) $ 38,705 $ 297,588\n Pre-opening expenses — 146 — 146 252 — 8,834 9,232\n Depreciation and amortization 62,502 20,879 397 83,778 63,103 14,522 4,018 165,421\n Property charges and other 1,869 2,536 3 4,408 5,134 184 (64) 9,662\n Management and license fees 20,592 10,680 — 31,272 30,192 10,227 (71,691) —\n Corporate expenses and other 2,245 2,281 6,765 11,291 8,309 1,746 12,863 34,209\n Stock-based compensation 1,084 1,441 743 3,268 5,824 475 7,335 16,902\n Triple-net operating lease rent expense — — — — — 35,295 — 35,295\n Adjusted Property EBITDAR $ 201,488 $ 95,511 $ — $ 296,999 $ 215,226 $ 56,084 $ — $ 568,309\n\n Three Months Ended June 30, 2025\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 72,760 $ 62,988 $ (7,464) $ 128,284 $ 110,457 $ 1,047 $ 24,812 $ 264,600\n Pre-opening expenses 3,004 — — 3,004 2,095 — 6,187 11,286\n Depreciation and amortization 59,344 18,280 398 78,022 58,821 14,229 1,835 152,907\n Property charges and other 1,115 1,233 10 2,358 8,363 1,047 1,477 13,245\n Management and license fees 17,605 10,648 — 28,253 30,125 10,449 (68,827) —\n Corporate expenses and other 2,045 2,079 6,137 10,261 7,594 1,585 27,006 46,446\n Stock-based compensation 1,333 1,282 919 3,534 17,357 436 7,510 28,837\n Triple-net operating lease rent expense — — — — — 35,066 — 35,066\n Adjusted Property EBITDAR $ 157,206 $ 96,510 $ — $ 253,716 $ 234,812 $ 63,859 $ — $ 552,387\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR\n\n(in thousands)\n\n(unaudited)\n\n Six Months Ended June 30, 2026\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 225,986 $ 98,520 $ (16,407) $ 308,099 $ 215,245 $ (20,403) $ 77,251 $ 580,192\n Pre-opening expenses 662 146 — 808 3,812 — 16,357 20,977\n Depreciation and amortization 123,735 41,252 795 165,782 123,878 28,973 7,315 325,948\n Property charges and other 5,779 2,731 10 8,520 9,793 2,667 311 21,291\n Management and license fees 41,898 20,778 — 62,676 61,222 20,176 (144,074) —\n Corporate expenses and other 4,790 4,950 14,057 23,797 16,416 3,579 25,227 69,019\n Stock-based compensation 2,460 2,750 1,545 6,755 17,320 952 17,613 42,640\n Triple-net operating lease rent expense — — — — — 70,659 — 70,659\n Adjusted Property EBITDAR $ 405,310 $ 171,127 $ — $ 576,437 $ 447,686 $ 106,603 $ — $ 1,130,726\n\n Six Months Ended June 30, 2025\n Wynn Wynn Other Total Las Vegas Encore Corporate Total\n Palace Macau Macau Macau Operations Boston and Other\n Operations Harbor\n Operating income (loss) $ 155,325 $ 115,730 $ (15,623) $ 255,432 $ 226,536 $ (9,688) $ 60,909 $ 533,189\n Pre-opening expenses 4,204 — — 4,204 2,855 — 9,514 16,573\n Depreciation and amortization 115,781 37,504 796 154,081 121,449 28,195 4,603 308,328\n Property charges and other 1,823 5,439 16 7,278 9,065 6,563 2,571 25,477\n Management and license fees 35,105 21,021 — 56,126 59,448 20,590 (136,164) —\n Corporate expenses and other 4,251 4,394 12,887 21,532 15,488 3,273 42,734 83,027\n Stock-based compensation 2,602 2,621 1,924 7,147 23,332 1,925 15,833 48,237\n Triple-net operating lease rent expense — — — — — 70,455 — 70,455\n Adjusted Property EBITDAR $ 319,091 $ 186,709 $ — $ 505,800 $ 458,173 $ 121,313 $ — $ 1,085,286\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nRECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO\n\nADJUSTED PROPERTY EBITDAR\n\n(in thousands)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965\n Net income attributable to noncontrolling interests 42,510 10,743 72,594 19,401\n\n Pre-opening expenses 9,232 11,286 20,977 16,573\n Depreciation and amortization 165,421 152,907 325,948 308,328\n Property charges and other 9,662 13,245 21,291 25,477\n Triple-net operating lease rent expense 35,295 35,066 70,659 70,455\n Corporate expenses and other 34,209 46,446 69,019 83,027\n Stock-based compensation 16,902 28,837 42,640 48,237\n Interest income (12,774) (15,859) (25,866) (35,218)\n Interest expense, net of amounts capitalized 152,177 154,551 304,539 312,159\n Change in derivatives fair value (43,287) 1,112 (90,057) 30,651\n Loss on debt financing transactions — 1,083 — 1,083\n Other 2,746 36,164 32,180 44,538\n Provision for income taxes 16,154 10,588 26,286 21,610\n Adjusted Property EBITDAR $ 568,309 $ 552,387 $ 1,130,726 $ 1,085,286\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR and REVPAR)\n\n(unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Wynn Palace Supplemental Information\n Operating revenues\n Casino $ 564,356 $ 448,298 25.9 $ 1,129,273 $ 892,806 26.5\n Rooms 36,188 38,481 (6.0) 73,822 75,096 (1.7)\n Food and beverage 31,785 30,446 4.4 64,820 62,184 4.2\n Entertainment, retail and other 21,070 22,416 (6.0) 44,822 45,484 (1.5)\n Total $ 653,399 $ 539,641 21.1 $ 1,312,737 $ 1,075,570 22.1\n\n Adjusted Property EBITDAR ((6)) $ 201,488 $ 157,206 28.2 $ 405,310 $ 319,091 27.0\n\n Casino statistics:\n VIP:\n Average number of table games 47 52 (9.6) 49 54 (9.3)\n VIP turnover $ 2,767,504 $ 4,071,052 (32.0) $ 7,083,818 $ 8,076,093 (12.3)\n VIP table games win ((1)) $ 82,313 $ 116,471 (29.3) $ 216,555 $ 221,003 (2.0)\n VIP table games win as a % of turnover 2.97 % 2.86 % 3.06 % 2.74 %\n\n Table games win per unit per day $ 19,174 $ 24,438 (21.5) $ 24,589 $ 22,735 8.2\n Mass market:\n Average number of table games 287 249 15.3 281 248 13.3\n Table drop ((2)) $ 1,899,985 $ 1,844,054 3.0 $ 3,871,036 $ 3,548,452 9.1\n Table games win ((1)) $ 563,348 $ 411,604 36.9 $ 1,087,145 $ 833,996 30.4\n Table games win % 29.7 % 22.3 % 28.1 % 23.5 %\n Table games win per unit per day $ 21,590 $ 18,171 18.8 $ 21,392 $ 18,566 15.2\n Average number of slot machines 721 627 15.0 722 638 13.2\n Slot machine handle $ 960,344 $ 757,815 26.7 $ 1,820,867 $ 1,492,685 22.0\n Slot machine win ((3)) $ 40,695 $ 32,482 25.3 $ 76,151 $ 61,838 23.1\n Slot machine win per unit per day $ 620 $ 569 9.0 $ 582 $ 535 8.8\n Room statistics:\n Occupancy 98.9 % 98.7 % 99.0 % 98.5 %\n ADR ((4)) $ 219 $ 232 (5.6) $ 224 $ 227 (1.3)\n REVPAR ((5)) $ 216 $ 229 (5.7) $ 222 $ 224 (0.9)\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR and REVPAR)\n\n(unaudited) (continued)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Wynn Macau Supplemental Information\n Operating revenues\n Casino $ 300,726 $ 293,380 2.5 $ 577,458 $ 568,930 1.5\n Rooms 20,907 21,742 (3.8) 42,227 45,039 (6.2)\n Food and beverage 16,761 17,020 (1.5) 36,031 35,812 0.6\n Entertainment, retail and other 12,692 11,671 8.7 25,222 23,992 5.1\n Total $ 351,086 $ 343,813 2.1 $ 680,938 $ 673,773 1.1\n\n Adjusted Property EBITDAR( (6)) $ 95,511 $ 96,510 (1.0) $ 171,127 $ 186,709 (8.3)\n\n Casino statistics:\n VIP:\n Average number of table games 10 21 (52.4) 11 25 (56.0)\n VIP turnover $ 428,101 $ 981,735 (56.4) $ 1,013,987 $ 2,418,782 (58.1)\n VIP table games win ((1)) $ 11,044 $ 33,438 (67.0) $ 13,321 $ 49,152 (72.9)\n VIP table games win as a % of turnover 2.58 % 3.41 % 1.31 % 2.03 %\n\n Table games win per unit per day $ 11,576 $ 17,571 (34.1) $ 6,505 $ 10,777 (39.6)\n Mass market:\n Average number of table games 213 231 (7.8) 216 226 (4.4)\n Table drop ((2)) $ 1,751,881 $ 1,617,756 8.3 $ 3,655,442 $ 3,160,641 15.7\n Table games win ((1)) $ 300,200 $ 280,836 6.9 $ 588,325 $ 569,385 3.3\n Table games win % 17.1 % 17.4 % 16.1 % 18.0 %\n Table games win per unit per day $ 15,453 $ 13,346 15.8 $ 15,025 $ 13,916 8.0\n Average number of slot machines 922 751 22.8 916 740 23.8\n Slot machine handle $ 1,190,692 $ 1,009,092 18.0 $ 2,429,785 $ 1,862,499 30.5\n Slot machine win ((3)) $ 34,925 $ 25,193 38.6 $ 71,138 $ 49,560 43.5\n Slot machine win per unit per day $ 416 $ 369 12.7 $ 429 $ 370 15.9\n Room statistics:\n Occupancy 99.3 % 99.4 % 99.5 % 99.2 %\n ADR ((4)) $ 209 $ 216 (3.2) $ 216 $ 225 (4.0)\n REVPAR ((5)) $ 208 $ 215 (3.3) $ 215 $ 223 (3.6)\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR and REVPAR)\n\n(unaudited) (continued)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Las Vegas Operations Supplemental Information\n Operating revenues\n Casino $ 158,104 $ 148,502 6.5 $ 336,295 $ 309,495 8.7\n Rooms 208,132 207,981 0.1 420,693 403,849 4.2\n Food and beverage 195,688 194,861 0.4 384,416 374,303 2.7\n Entertainment, retail and other 81,244 87,289 (6.9) 163,673 176,271 (7.1)\n Total $ 643,168 $ 638,633 0.7 $ 1,305,077 $ 1,263,918 3.3\n\n Adjusted Property EBITDAR ((6)) $ 215,226 $ 234,812 (8.3) $ 447,686 $ 458,173 (2.3)\n\n Casino statistics:\n Average number of table games 242 232 4.3 242 234 3.4\n Table drop ((2)) $ 638,243 $ 609,232 4.8 $ 1,323,544 $ 1,201,759 10.1\n Table games win ((1)) $ 152,660 $ 132,975 14.8 $ 325,065 $ 277,036 17.3\n Table games win % 23.9 % 21.8 % 24.6 % 23.1 %\n Table games win per unit per day $ 6,922 $ 6,300 9.9 $ 7,426 $ 6,538 13.6\n Average number of slot machines 1,558 1,564 (0.4) 1,566 1,577 (0.7)\n Slot machine handle $ 1,813,124 $ 1,760,253 3.0 $ 3,628,604 $ 3,538,339 2.6\n Slot machine win ((3)) $ 117,009 $ 123,606 (5.3) $ 237,344 $ 246,850 (3.9)\n Slot machine win per unit per day $ 825 $ 868 (5.0) $ 837 $ 865 (3.2)\n Poker rake $ 7,712 $ 8,103 (4.8) $ 11,511 $ 12,434 (7.4)\n Room statistics:\n Occupancy 87.1 % 89.2 % 86.3 % 88.3 %\n ADR ((4)) $ 575 $ 548 4.9 $ 583 $ 538 8.4\n REVPAR ((5)) $ 501 $ 489 2.5 $ 504 $ 475 6.1\n\n \n WYNN RESORTS, LIMITED AND SUBSIDIARIES\n\nSUPPLEMENTAL DATA SCHEDULE\n\n(dollars in thousands, except for win per unit per day, ADR, and REVPAR)\n\n(unaudited) (continued)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 Percent 2026 2025 Percent\n Change Change\n Encore Boston Harbor Supplemental Information\n\n Operating revenues\n Casino $ 152,102 $ 161,654 (5.9) $ 309,495 $ 321,033 (3.6)\n Rooms 25,076 22,849 9.7 43,942 41,590 5.7\n Food and beverage 20,110 18,730 7.4 38,096 38,637 (1.4)\n Entertainment, retail and other 11,992 12,477 (3.9) 23,410 23,673 (1.1)\n Total $ 209,280 $ 215,710 (3.0) $ 414,943 $ 424,933 (2.4)\n\n Adjusted Property EBITDAR ((6)) $ 56,084 $ 63,859 (12.2) $ 106,603 $ 121,313 (12.1)\n\n Casino statistics:\n Average number of table games 172 172 — 172 172 —\n Table drop ((2)) $ 348,381 $ 338,184 3.0 $ 672,657 $ 678,246 (0.8)\n Table games win ((1)) $ 62,913 $ 72,016 (12.6) $ 128,336 $ 141,898 (9.6)\n Table games win % 18.1 % 21.3 % 19.1 % 20.9 %\n Table games win per unit per day $ 4,021 $ 4,601 (12.6) $ 4,123 $ 4,558 (9.5)\n Average number of slot machines 2,570 2,718 (5.4) 2,676 2,718 (1.5)\n Slot machine handle $ 1,391,561 $ 1,365,349 1.9 $ 2,736,640 $ 2,722,548 0.5\n Slot machine win ((3)) $ 110,444 $ 109,472 0.9 $ 220,024 $ 216,954 1.4\n Slot machine win per unit per day $ 472 $ 443 6.5 $ 454 $ 441 2.9\n Poker rake $ 5,530 $ 5,430 1.8 $ 10,904 $ 11,072 (1.5)\n Room statistics:\n Occupancy 92.7 % 92.9 % 89.3 % 90.5 %\n ADR ((4)) $ 445 $ 405 9.9 $ 407 $ 382 6.5\n REVPAR ((5)) $ 412 $ 376 9.6 $ 363 $ 346 4.9\n\n (1) Table games win is shown before discounts, commissions and the allocation\n of casino revenues to rooms, food and beverage and other revenues for\n services provided to casino customers on a complimentary basis.\n (2) In Macau, table drop is the amount of cash that is deposited in a gaming\n table's drop box plus cash chips purchased at the casino cage. In Las Vegas,\n table drop is the amount of cash and net markers issued that are deposited in\n a gaming table's drop box. At Encore Boston Harbor, table drop is the amount\n of cash and gross markers that are deposited in a gaming table's drop box.\n (3) Slot machine win is calculated as gross slot machine win minus progressive\n accruals and free play.\n (4) ADR is average daily rate and is calculated by dividing total room revenues\n including complimentaries (less service charges, if any) by total rooms\n occupied.\n (5) REVPAR is revenue per available room and is calculated by dividing total room\n revenues including complimentaries (less service charges, if any) by total\n rooms available.\n (6) Refer to accompanying reconciliations of Operating Income (Loss) to Adjusted\n Property EBITDAR and Net Income Attributable to Wynn Resorts, Limited to\n Adjusted Property EBITDAR.\n\n \n\nCONTACT:\nLauren Seiler\n702-770-7555\ninvestorrelations@wynnresorts.com (mailto:investorrelations@wynnresorts.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/wynn-resorts-limited-reports-second-quarter-2026-results-302842811.html\n(https://www.prnewswire.com/news-releases/wynn-resorts-limited-reports-second-quarter-2026-results-302842811.html)\n\nSOURCE Wynn Resorts, Limited\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1784689/Wynn-Resorts-Logo.jpg?id=OA2823164\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-04T20:01:00.896532387Z","server_sent_at_ms":1785873660896},"received_at":"2026-08-04T20:01:00.981Z","source_url":"https://www.prnewswire.com/news-releases/wynn-resorts-limited-reports-second-quarter-2026-results-302842811.html"},"analysis":{"id":"97465","press_release_id":"108459","analysis_json":{"industry":{"label":"Casinos & Gaming","sector":"Consumer Discretionary"},"redFlags":["Encore Boston Harbor revenue decreased $6.4 million and Adjusted Property EBITDAR decreased $7.8 million year-over-year","Wynn Macau Adjusted Property EBITDAR decreased $1.0 million year-over-year"],"eventType":"earnings","narrative":"Wynn Resorts reported Q2 2026 operating revenues of $1.86 billion, up from $1.74 billion a year ago, with net income more than doubling to $140.1 million or $1.32 per diluted share.\n\nAdjusted Property EBITDAR increased to $568.3 million, driven by a record month in Las Vegas and a $113.8 million revenue increase at Wynn Palace, despite softness at Encore Boston Harbor.\n\nThe Board declared a cash dividend of $0.25 per share and the company repurchased $75 million of stock during the quarter, while confirming the Wynn Al Marjan Island resort is on track for a September 2027 opening.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Earnings double and dividend returns as Wynn capitalizes on Vegas and Macau demand."},"keyFigures":{"eps":1.32,"revenue":1860000000,"guidance":"Wynn Al Marjan Island expected to open in September 2027","customDimensions":{"net_income":140100000,"total_debt":10720000000,"buyback_cost":75000000,"buyback_shares":741098,"adjusted_ebitdar":568300000,"dividend_per_share":0.25}},"quotedText":"Our second quarter results, including a monthly record for Adjusted Property EBITDAR in Las Vegas in May, and strong performance in Macau, reflect continued healthy demand dynamics throughout our business.","namedEntities":{"people":[{"name":"Craig Billings","role":"CEO"}],"products":["Wynn Palace","Wynn Macau","Las Vegas Operations","Encore Boston Harbor","Wynn Al Marjan Island"],"companies":[{"name":"Wynn Resorts, Limited","ticker":"WYNN"},{"name":"Wynn Macau, Limited","relationship":"subsidiary"},{"name":"Wynn Resorts Finance, LLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1.86 billion","context":"Q2 2026 operating revenues"},{"amount":"$119.1 million","context":"year-over-year revenue increase"},{"amount":"$140.1 million","context":"Q2 2026 net income attributable to Wynn Resorts"},{"amount":"$568.3 million","context":"Q2 2026 Adjusted Property EBITDAR"},{"amount":"$0.25","context":"cash dividend per share"},{"amount":"$75.0 million","context":"aggregate cost of share repurchases"},{"amount":"$10.72 billion","context":"total current and long-term debt outstanding"}]},"materialImpact":{"score":4,"reasoning":"Net income more than doubled year-over-year to $140.1 million, driven by a 6.8% increase in revenue and strong Adjusted Property EBITDAR growth of $15.9 million. The announcement of a new dividend and active share repurchases further underscores the financial strength and shareholder returns."},"tickerRelevance":{"others":[],"primary":"WYNN"},"globalImportance":45,"audienceRelevance":55,"eventTypeSecondary":["dividend","buyback","operations_update"],"importanceComponents":{"catalyst":"dividend_reinstatement","tickerTier":"mid-cap","eventGravity":"strong_earnings_growth","sectorWeight":"consumer_discretionary"}},"event_type":"earnings","event_type_secondary":["dividend","buyback","operations_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"Wynn Resorts reported Q2 2026 operating revenues of $1.86 billion, up from $1.74 billion a year ago, with net income more than doubling to $140.1 million or $1.32 per diluted share.\n\nAdjusted Property EBITDAR increased to $568.3 million, driven by a record month in Las Vegas and a $113.8 million revenue increase at Wynn Palace, despite softness at Encore Boston Harbor.\n\nThe Board declared a cash dividend of $0.25 per share and the company repurchased $75 million of stock during the quarter, while confirming the Wynn Al Marjan Island resort is on track for a September 2027 opening.","key_figures":{"eps":1.32,"revenue":1860000000,"guidance":"Wynn Al Marjan Island expected to open in September 2027","customDimensions":{"net_income":140100000,"total_debt":10720000000,"buyback_cost":75000000,"buyback_shares":741098,"adjusted_ebitdar":568300000,"dividend_per_share":0.25}},"named_entities":{"people":[{"name":"Craig Billings","role":"CEO"}],"products":["Wynn Palace","Wynn Macau","Las Vegas Operations","Encore Boston Harbor","Wynn Al Marjan Island"],"companies":[{"name":"Wynn Resorts, Limited","ticker":"WYNN"},{"name":"Wynn Macau, Limited","relationship":"subsidiary"},{"name":"Wynn Resorts Finance, LLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1.86 billion","context":"Q2 2026 operating revenues"},{"amount":"$119.1 million","context":"year-over-year revenue increase"},{"amount":"$140.1 million","context":"Q2 2026 net income attributable to Wynn Resorts"},{"amount":"$568.3 million","context":"Q2 2026 Adjusted Property EBITDAR"},{"amount":"$0.25","context":"cash dividend per share"},{"amount":"$75.0 million","context":"aggregate cost of share repurchases"},{"amount":"$10.72 billion","context":"total current and long-term debt outstanding"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-05T00:35:32.008Z","global_importance":45,"audience_relevance":55,"importance_components":{"catalyst":"dividend_reinstatement","tickerTier":"mid-cap","eventGravity":"strong_earnings_growth","sectorWeight":"consumer_discretionary"}},"durationMs":null,"modelName":"glm-4.7"}}