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2026-09-10 14:26 5d ago
2026-09-10 09:05 6d ago
Wynn Resorts vydá dluhopisy za 900 milionů USD
WYNN Wynn Resorts
FMP Stock News 78
Original source text
, /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts") announced today that Wynn Resorts Finance, LLC ("Wynn Resorts Finance") and its subsidiary Wynn Resorts Capital Corp. ("Wynn Resorts Capital" and, together with Wynn Resorts Finance, the "Issuers"), each an indirect wholly-owned subsidiary of Wynn Resorts, are offering $900 million aggregate principal amount of Senior Notes due 2035 (the "Notes") in a private offering.

The Notes will initially be jointly and severally guaranteed by all of Wynn Resorts Finance's domestic subsidiaries (collectively, the "Guarantors") that guarantee the Issuers' existing senior secured credit facilities (the "Senior Credit Facilities"), except Wynn Resorts Capital, which is the co-issuer of the Notes, the Issuers' 5.125% Senior Notes due 2029 (the "2029 WRF Notes"), the Issuers' 7.125% Senior Notes due 2031 (the "2031 WRF Notes") and the Issuers' 6.250% Senior Notes due 2033 (the "2033 WRF Notes"). The Notes and guarantees will be senior unsecured obligations of the Issuers and the Guarantors and will rank equal in right of payment with all existing and future liabilities of the Issuers and such Guarantors that are not subordinated, including their obligations under the Senior Credit Facilities, the 2029 WRF Notes, the 2031 WRF Notes and the 2033 WRF Notes, and, with respect to Wynn Las Vegas, LLC ("Wynn Las Vegas") and certain of its subsidiaries, their obligations under Wynn Las Vegas and Wynn Las Vegas Capital Corp.'s 5.250% Senior Notes due 2027 (the "2027 WLV Notes"). The Notes and guarantees will be effectively subordinated to all of the Issuers' and the Guarantors' existing and future secured debt (to the extent of the value of the collateral securing such debt), including the Senior Credit Facilities and, until the 2027 WLV Notes are redeemed using the proceeds of this offering, the 2027 WLV Notes.

Wynn Resorts Finance plans to contribute and/or lend the net proceeds from the offering, together with cash on hand, to its subsidiary, Wynn Las Vegas, who will use the amounts to (i) redeem in full the 2027 WLV Notes and (ii) pay fees and expenses related to the issuance of the Notes and the redemption of the 2027 WLV Notes.

The Issuers will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the "Securities Act"). The initial purchasers of the Notes will offer the Notes only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act or under any state securities laws. Therefore, the Issuers may not offer or sell the Notes within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes described in this press release, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Wynn Las Vegas intends to redeem all of the outstanding 2027 WLV Notes on or after the closing of this offering. This press release does not constitute a notice of redemption or an offer to purchase or the solicitation of an offer to sell such notes.

Forward-Looking Statements

This release contains forward-looking statements, including those related to the offering of Notes and whether or not the Issuers will consummate the offering. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements, including, but not limited to, reductions in discretionary consumer spending, adverse macroeconomic conditions and their impact on levels of disposable consumer income and wealth, changes in interest rates, inflation, a decline in general economic activity or recession in the U.S. and/or global economies, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, geopolitical conflicts, adverse tourism trends, travel disruptions caused by events outside of our control, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development and success of new gaming and resort properties, construction and regulatory risks associated with current and future projects (including Wynn Al Marjan Island), cybersecurity risk and our leverage and ability to meet our debt service obligations. Additional information concerning potential factors that could affect Wynn Resorts' financial results is included in Wynn Resorts' Annual Report on Form 10-K for the year ended December 31, 2025, as supplemented by Wynn Resorts' other periodic reports filed with the Securities and Exchange Commission from time to time. Neither Wynn Resorts nor the Issuers are under any obligation to (and expressly disclaim any such obligation to) update or revise their forward-looking statements as a result of new information, future events or otherwise, except as required by law.

SOURCE:
Wynn Resorts, Limited

CONTACT:
Lauren Seiler
702-770-7555
[email protected] 
2026-09-03 17:40 12d ago
2026-09-03 12:35 12d ago
Wynn klesá, přesto překonal odhady zisku i tržeb
WYNN Wynn Resorts
FMP Stock News 78
Original source text
It has been about a month since the last earnings report for Wynn Resorts (WYNN - Free Report) . Shares have lost about 9.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Wynn due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.

Wynn Resorts Q2 Earnings & Revenues Beat on Palace StrengthWynn Resorts reported second-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.

Management highlighted healthy demand across the business, including a monthly Adjusted Property EBITDAR record in Las Vegas during May and strong performance in Macau. Wynn Palace led the quarter’s growth, with revenues rising 21.1% and Adjusted Property EBITDAR increasing 28.2% year over year.

WYNN’s Q2 Earnings & RevenuesIn the second quarter, the company reported adjusted earnings per share of $1.24, beating the Zacks Consensus Estimate of $1.01 by 22.8%. In the prior-year quarter, Wynn Resorts reported adjusted earnings of $1.09 per share.

Quarterly operating revenues of $1.86 billion surpassed the consensus mark of $1.84 billion by 0.9%. The top line increased 6.9% from $1.74 billion reported in the year-ago quarter.

Wynn Palace OperationsIn the second quarter, Wynn Palace’s operating revenues amounted to $653.4 million compared with $539.6 million in the prior-year quarter. Casino revenues increased 25.9% year over year to $564.4 million, while food and beverage revenues rose 4.4% to $31.8 million.

Rooms and entertainment, retail and other revenues declined 6% each to $36.2 million and $21.1 million, respectively. Adjusted Property EBITDAR increased to $201.5 million from $157.2 million, with the margin improving to 30.8% from 29.1%.

In the VIP segment, table games turnover declined 32% year over year to $2.77 billion. The VIP table games win rate was 2.97% compared with 2.86% in the prior-year quarter and remained below the property’s expected range of 3.1% to 3.4%.

Mass-market table drop increased 3% to $1.9 billion, while table games win rose 36.9% to $563.3 million. The mass-market table games win percentage improved to 29.7% from 22.3%. RevPAR declined 5.7% to $216, while occupancy was 98.9%.

WYNN’s Wynn Macau OperationsIn the second quarter, Wynn Macau generated operating revenues of $351.1 million compared with $343.8 million reported in the prior-year quarter. Casino revenues increased 2.5% to $300.7 million, while entertainment, retail and other revenues rose 8.7% to $12.7 million.

Rooms and food and beverage revenues declined 3.8% and 1.5% to $20.9 million and $16.8 million, respectively. Adjusted Property EBITDAR declined 1% to $95.5 million from $96.5 million.

VIP table games turnover fell 56.4% year over year to $428.1 million. The VIP win rate declined to 2.58% from 3.41% and remained below the expected range.

Mass-market table drop rose 8.3% to $1.75 billion, and table games win increased 6.9% to $300.2 million. Slot machine handle advanced 18%, while slot machine win climbed 38.6%. RevPAR declined 3.3% to $208.

Wynn Resorts’ Las Vegas OperationsIn the second quarter, operating revenues from Las Vegas Operations totaled $643.2 million compared with $638.6 million in the prior-year quarter. Casino revenues increased 6.5% to $158.1 million, while room revenues edged up 0.1% to $208.1 million.

Food and beverage revenues rose 0.4% to $195.7 million. Entertainment, retail and other revenues declined 6.9% to $81.2 million. Adjusted Property EBITDAR decreased 8.3% to $215.2 million, with the margin contracting to 33.5% from 36.8%.

Table drop increased 4.8% year over year to $638.2 million, while table games win rose 14.8% to $152.7 million. The table games win percentage improved to 23.9% from 21.8%.

RevPAR increased 2.5% to $501, while the average daily rate rose 4.9% to $575. Occupancy declined to 87.1% from 89.2% in the year-ago quarter.

WYNN’s Encore Boston HarborIn the second quarter, Encore Boston Harbor’s operating revenues amounted to $209.3 million compared with $215.7 million in the prior-year quarter. Casino revenues fell 5.9% to $152.1 million.

Rooms and food and beverage revenues increased 9.7% and 7.4% to $25.1 million and $20.1 million, respectively. Entertainment, retail and other revenues declined 3.9% to $12 million.

Adjusted Property EBITDAR decreased 12.2% to $56.1 million from $63.9 million. The table games win percentage fell to 18.1% from 21.3%.

RevPAR increased 9.6% to $412, while the average daily rate rose 9.9% to $445. Occupancy was 92.7% compared with 92.9% in the prior-year quarter.

Wynn Resorts’ Q2 Operating PerformanceIn the second quarter, Adjusted Property EBITDAR totaled $568.3 million compared with $552.4 million in the year-ago quarter. The consolidated margin declined to 30.6% from 31.8%.

Operating income increased to $297.6 million from $264.6 million reported in second-quarter 2025. Net income attributable to Wynn Resorts rose to $140.1 million from $66.2 million reported in the prior year quarter.

WYNN’s Cash Position and Capital ReturnsAs of June 30, 2026, cash and cash equivalents totaled $1.57 billion, excluding $527.4 million of short-term investments held by Wynn Macau. Total current and long-term debt outstanding was $10.72 billion.

The company repurchased 741,098 shares for $75 million during the quarter. Wynn Resorts also declared a cash dividend of 25 cents per share, payable Aug. 28, 2026. Wynn Al Marjan Island is expected to open in September 2027.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates review.

VGM ScoresCurrently, Wynn has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, Wynn has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
2026-08-11 17:46 1mo ago
2026-08-11 12:01 1mo ago
Wynn Resorts překonal odhady díky silnému Macau
WYNN Wynn Resorts
FMP Stock News 78
Original source text
Key Takeaways Wynn Palace revenue rose 21.1%, with EBITDAR up 28.2% and margin expanding to 30.8%.Macau mass table drop increased 5.5% to $3.65 billion, while VIP turnover fell sharply at both properties.Las Vegas and Boston margins weakened as costs rose, while Wynn's UAE project budget increased $600 million. Wynn Resorts, Limited (WYNN - Free Report) reported second-quarter 2026 adjusted earnings of $1.24 per share, topping the Zacks Consensus Estimate of $1.01. Operating revenues of $1.86 billion beat the $1.84 billion consensus mark and rose 6.9% year over year.

The beat was led by Wynn Palace and stronger Macau mass-market activity. Still, weaker property-level profitability in Las Vegas and Boston, along with higher project costs in the UAE, keep the earnings readout balanced rather than uniformly positive.

Wynn Palace Drives Wynn Resorts' Q2 BeatWynn Palace generated operating revenues of $653.4 million, up 21.1% year over year. Adjusted property EBITDAR increased 28.2% to $201.5 million, while the property margin improved to 30.8% from 29.1%.

Casino revenues rose 25.9% to $564.4 million, providing the main lift. With EBITDAR growing faster than revenues and the margin expanding, Wynn Palace was the clearest contributor to the quarter's property-level earnings strength.

WYNN's Macau Mix Shows Mass-Market StrengthCombined Macau Operations mass table drop increased 5.5% to $3.65 billion. Wynn Palace mass table drop rose 3%, while Wynn Macau posted an 8.3% increase, showing that mass-market play advanced at both properties.

VIP activity moved in the opposite direction. Turnover fell 32% at Wynn Palace and 56.4% at Wynn Macau. MGM Resorts International (MGM - Free Report) also reported relatively flat second-quarter revenue at MGM China and a 15% decline in segment adjusted EBITDAR. Las Vegas Sands Corp. (LVS - Free Report) operates an integrated-resort portfolio across Macao and Singapore, making its Macao exposure another relevant industry reference.

Las Vegas Margins Temper Wynn Resorts' QuarterLas Vegas Operations generated $643.2 million of revenues, up modestly from $638.6 million a year earlier. Adjusted property EBITDAR fell 8.3% to $215.2 million, and the margin declined to 33.5% from 36.8%.

Operating expense per day increased 6.2% to $4.50 million as business volumes, contractual wage increases and investments in premium offerings lifted costs. Encore Boston Harbor added to the pressure, with adjusted property EBITDAR down 12.2% to $56.1 million. Consolidated adjusted property EBITDAR margin fell to 30.6% from 31.8%.

UAE Budget Increase Raises WYNN's Execution StakesWynn Al Marjan Island's total project budget increased by about $600 million. Roughly half of the increase reflects regional conflict disruption, higher material and shipping costs and added pre-opening and capitalized interest tied to the longer construction timeline.

The resort is expected to open in September 2027. Wynn's remaining equity contribution for the project is expected to be about $525 million to $650 million. The larger budget raises the cost of execution even as construction and pre-opening work continue.

WYNN's Ratings Reflect a Mixed Earnings SetupThe quarter strengthens the operating case for Macau, but margin contraction and higher development spending leave investors with offsetting signals. The earnings beat alone does not remove the near-term cost and execution risks.

WYNN currently carries a Zacks Rank #3 (Hold). Its Value Score of A, Growth Score of B and VGM Score of B point to favorable value, growth and combined style characteristics, while the Momentum Score of F signals weak momentum. The Zacks Consensus Estimate for the current fiscal year has moved 1.4% lower over the past four weeks, supporting a measured post-earnings view rather than a clear directional call. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2026-08-06 17:28 1mo ago
2026-08-06 04:47 1mo ago
Amundi zvýšila podíl ve Wynn Resorts, EPS i výnosy překonaly odhady
WYNN Wynn Resorts
FMP Stock News 72
Original source text
Posted by Defense World Staff on Aug 6th, 2026

Amundi increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Free Report) by 161.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,492 shares of the casino operator’s stock after acquiring an additional 40,454 shares during the quarter. Amundi owned approximately 0.06% of Wynn Resorts worth $6,651,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its stake in Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after buying an additional 89 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Wynn Resorts by 6.7% during the fourth quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock valued at $180,000 after buying an additional 94 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Wynn Resorts by 4.9% during the first quarter. QRG Capital Management Inc. now owns 2,071 shares of the casino operator’s stock valued at $210,000 after buying an additional 96 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Wynn Resorts by 21.6% during the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock worth $72,000 after buying an additional 100 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Wynn Resorts by 23.5% during the fourth quarter. Larson Financial Group LLC now owns 557 shares of the casino operator’s stock worth $67,000 after buying an additional 106 shares during the period. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance WYNN stock opened at $101.15 on Thursday. The firm has a market cap of $10.50 billion, a PE ratio of 25.10, a P/E/G ratio of 0.96 and a beta of 1.01. Wynn Resorts, Limited has a 12 month low of $92.52 and a 12 month high of $134.72. The firm has a 50 day simple moving average of $100.50 and a 200 day simple moving average of $103.83.

Wynn Resorts (NASDAQ:WYNN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 45.05% and a net margin of 6.05%.The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 4.49 earnings per share for the current year.

Wynn Resorts Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. Wynn Resorts’s dividend payout ratio (DPR) is presently 29.85%.

Analyst Upgrades and Downgrades WYNN has been the topic of a number of research analyst reports. Mizuho lowered their price target on Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price target on shares of Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Truist Financial began coverage on shares of Wynn Resorts in a research note on Wednesday, July 8th. They issued a “buy” rating and a $125.00 price target for the company. Susquehanna decreased their price objective on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $137.00 price objective on shares of Wynn Resorts in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.12.

Read Our Latest Report on Wynn Resorts

Key Stories Impacting Wynn Resorts Here are the key news stories impacting Wynn Resorts this week:

Positive Sentiment: Q2 earnings beat expectations: Wynn reported adjusted EPS of $1.24, above the approximately $0.99–$1.01 consensus, while revenue rose 6.9% year over year to $1.86 billion, topping estimates. Net income more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts Second Quarter 2026 Results Positive Sentiment: Macau and luxury demand supported growth: Wynn Palace revenue climbed 21.1% to $653.4 million, helping offset concerns about a broader Las Vegas slowdown. Management also cited solid demand, strong group and convention bookings, and continued outperformance from wealthy customers. Wynn Resorts Q2 Earnings and Revenues Beat Positive Sentiment: UAE growth catalyst remains on schedule: Wynn confirmed that Wynn Al Marjan Island is targeted to open in September 2027, giving investors a potential new growth platform beyond Macau and the United States. Wynn Sets September 2027 Opening for UAE Casino Resort Positive Sentiment: Capital-return and trading signals were supportive: The company declared a $0.25 quarterly dividend and repurchased approximately $75 million of stock during the quarter. Call-option volume was roughly 684% above average, indicating heightened bullish speculation, although options activity is not a fundamental result. Neutral Sentiment: Analyst view remains constructive but valuation expectations vary: Wells Fargo maintained an overweight rating while reducing its price target from $141 to $131; the broader median target cited was $135. Negative Sentiment: Higher UAE investment creates execution risk: Reports indicated that Wynn may substantially increase 2027 UAE capital spending as project scope and costs rise. That could pressure near-term cash flow and returns, despite the longer-term growth opportunity. Wynn UAE Capital Spending Report Wynn Resorts Profile (Free Report)

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.

Further Reading Five stocks we like better than Wynn Resorts SpaceX: Love the Company, But the Stock Is a Harder Call Ulta’s Growth Is Real, But So Are the Risks BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN – Free Report).

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2026-08-05 05:22 1mo ago
2026-08-05 00:04 1mo ago
Wynn Resorts zvýšil rozpočet projektu o 600 milionů USD
WYNN Wynn Resorts
FMP Stock News 86
Original source text
Caesars Surges on Buyout Buzz. Should Investors Take the Bet?Wynn Resorts NASDAQ: WYNN reported second-quarter strength across its Las Vegas, Boston and Macau operations, while outlining a higher budget and a September 2027 opening target for its Wynn Al Marjan Island project in the United Arab Emirates.

Chief Executive Officer Craig Billings said Wynn Las Vegas generated $215 million of EBITDA during the quarter, or $219 million after adjusting for unfavorable gaming hold. Casino revenue increased 5%, supported by higher drop and handle, while RevPAR rose 3% and retail lease revenue increased 8%.

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Wynn Resorts: 6 Reasons to Ante Up for the Stock Billings said Las Vegas performance was particularly strong in May. More recently, the property has seen solid business volumes, rising slot revenue and higher RevPAR, although July was affected by unusually low gaming hold. The company expects another strong Formula 1 weekend and said transient and leisure bookings for the event are pacing ahead of last year.

Group and convention bookings also improved as July progressed, with Billings saying the forward pace looks strong for the fourth quarter and 2027. Brian Gullbrants, Wynn Resorts’ COO for North America, said 2026 group business is pacing ahead of 2025 in both room nights and rates, while 2027 bookings are tracking at levels consistent with a solid year.

Las Vegas and Boston Results MGM Resorts Stock: Poised for Hospitality Industry ReboundWynn Las Vegas produced $643.2 million in operating revenue and $215.2 million of adjusted property EBITDA, representing a 33.5% margin. Unfavorable hold reduced quarterly EBITDA by just over $3.6 million, according to the company.

Operating expenses excluding gaming taxes averaged $4.5 million per day, up 6.2% from a year earlier. The company attributed the increase to higher business volumes, contractual wage increases and investments in premium customer offerings, including the openings of Zero Bond, Casa Playa and PISCES.

Billings said ongoing Encore renovations are expected to reduce Las Vegas revenue by roughly $2 million to $4 million per quarter through the first half of next year, reflecting rooms unavailable on peak dates. The company maintained its prior outlook for Las Vegas operating expenses, citing a range of $4.4 million to $4.7 million per day for the remainder of the year.

Encore Boston Harbor generated $56.1 million of adjusted property EBITDA on $209.3 million of revenue, for a 26.8% margin. The second quarter set records for hotel revenue and RevPAR at the property, while slot revenue increased 1%. Operating expenses per day rose 2.9% to $1.19 million despite continued labor pressure, the company said.

Macau Operations and Expansion Plans In Macau, Wynn reported $297 million of adjusted property EBITDA on $1 billion of operating revenue, a 29.6% margin. Billings described the quarter as particularly solid, noting that mass drop increased 5%. Below-theoretical VIP hold reduced EBITDA by more than $8.6 million.

Third-quarter rolling volumes and mass drop were slightly lower year over year during the World Cup and a seasonal slowdown, Billings said. However, business improved in the second half of July as the summer holiday period began, with those trends continuing into early August.

The company said Macau operating expenses excluding gaming taxes averaged about $2.9 million per day, up 9% from the prior year but unchanged from the first quarter. The increase reflected investment in premium customer experiences, including the recently expanded Chairman’s Club, cost-of-living adjustments and variable costs associated with higher volumes.

Wynn plans to begin construction in coming weeks on an event center and theater at Wynn Palace following receipt of a revised land contract from the Macau government in July. The facilities are expected to be completed in 2028. The company also expects to begin construction before year-end on The Enclave, a 432-suite hotel tower expected to open in 2029.

Expansionary capital expenditures in Macau are projected to total $350 million to $400 million in 2026, primarily for early work on those developments. Wynn said it committed to $2.6 billion of non-gaming spending under its Macau concession obligations, including $1.6 billion in capital expenditures and the remainder in operating expenditures.

UAE Project Budget Raised, Opening Set for 2027 Wynn increased the total budget for Wynn Al Marjan Island by approximately $600 million and now expects the integrated resort to open to the public in September 2027. Billings said about half of the increase is tied directly to disruptions from regional conflict, including higher material and shipping costs, changes in sourcing and routing, and additional pre-opening and capitalized-interest costs from the extended timeline.

The remaining increase reflects remeasurement, trade coordination and other costs associated with a project of its scale and duration, according to Billings. Construction has advanced to interior hotel-room fit-out work, while pre-opening hiring and operational planning are also underway.

Billings said the company continues to view the UAE project as a compelling opportunity and intends to open all amenities rather than conduct a phased opening. He said Wynn continues to stand by the projections it previously published for the project, though the higher budget will affect its return profile.

During the quarter, Wynn contributed $48.1 million of equity to the project, bringing cumulative equity contributions to just over $1.06 billion. The project’s construction loan had $1.4 billion drawn as of the call. At Wynn’s 40% ownership share, the budget increase equates to about $240 million of additional required equity, and the company expects its remaining equity contribution, including Janu, to be approximately $525 million to $650 million.

Liquidity and Shareholder Returns Wynn reported $4 billion of global cash and revolver availability as of June 30, including roughly $2.3 billion in Macau and $1.7 billion in the U.S. Total capital expenditures during the quarter were approximately $153 million, primarily for Las Vegas renovations and the completed Wynn Macau hotel refurbishment.

The Wynn Macau board approved a $150 million final dividend for 2025, up from $124 million in the prior period. Separately, the Wynn Resorts board approved a quarterly cash dividend of $0.25 per share, payable Aug. 28 to shareholders of record on Aug. 14.

Billings said share repurchases remain governed by a price-based framework that takes account of the company’s funding needs, including its UAE development commitments.

About Wynn Resorts (NASDAQ:WYNN)Wynn Resorts, Limited NASDAQ: WYNN is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in Wynn Resorts Right Now?Before you consider Wynn Resorts, you'll want to hear this.

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2026-08-05 00:33 1mo ago
2026-08-04 18:41 1mo ago
Wynn Resorts překonal odhady zisku i tržeb
WYNN Wynn Resorts
FMP Stock News 78
Original source text
Wynn Resorts (WYNN - Free Report) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +22.77%. A quarter ago, it was expected that this casino operator would post earnings of $1.18 per share when it actually produced earnings of $1.25, delivering a surprise of +5.93%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Wynn, which belongs to the Zacks Gaming industry, posted revenues of $1.86 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.92%. This compares to year-ago revenues of $1.74 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Wynn shares have lost about 18.3% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for Wynn?While Wynn has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Wynn was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $1.82 billion in revenues for the coming quarter and $4.49 on $7.46 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Motorsport Games Inc. (MSGM - Free Report) , has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -97.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Motorsport Games Inc.'s revenues are expected to be $2.9 million, up 12% from the year-ago quarter.
2026-08-04 22:09 1mo ago
2026-08-04 16:01 1mo ago
Wynn Resorts zvýšil tržby, zisk i dividendu
WYNN Wynn Resorts
FMP Stock News 92
Original source text
, /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the second quarter ended June 30, 2026.

Operating revenues were $1.86 billion for the second quarter of 2026, an increase of $119.1 million from $1.74 billion for the second quarter of 2025. Net income attributable to Wynn Resorts, Limited was $140.1 million for the second quarter of 2026, compared to net income attributable to Wynn Resorts, Limited of $66.2 million for the second quarter of 2025. Diluted net income per share was $1.32 for the second quarter of 2026, compared to diluted net income per share of $0.64 for the second quarter of 2025. Adjusted Property EBITDAR(1) was $568.3 million for the second quarter of 2026, compared to Adjusted Property EBITDAR of $552.4 million for the second quarter of 2025.

"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. I am incredibly proud of our teams in both regions," said Craig Billings, CEO of Wynn Resorts, Limited. "Importantly, we continue to invest in both growing and diversifying our business with construction at Wynn Al Marjan Island progressing at a rapid pace. Wynn Resorts, alongside our partners in Ras Al Khaimah, are now pleased to announce that Wynn Al Marjan Island, the most exciting integrated resort to be developed in over a decade, will open its doors to guests in September of 2027."

Consolidated Results

Operating revenues were $1.86 billion for the second quarter of 2026, an increase of $119.1 million from $1.74 billion for the second quarter of 2025. For the second quarter of 2026, operating revenues increased $113.8 million, $7.3 million, and $4.6 million at Wynn Palace, Wynn Macau, and our Las Vegas Operations, respectively, and decreased $6.4 million at Encore Boston Harbor, from the second quarter of 2025.

Net income attributable to Wynn Resorts, Limited was $140.1 million for the second quarter of 2026, compared to net income attributable to Wynn Resorts, Limited of $66.2 million for the second quarter of 2025. Diluted net income per share was $1.32 for the second quarter of 2026, compared to diluted net income per share of $0.64 for the second quarter of 2025. Adjusted net income attributable to Wynn Resorts, Limited(2) was $127.5 million, or $1.24 per diluted share, for the second quarter of 2026, compared to adjusted net income attributable to Wynn Resorts, Limited of $113.3 million, or $1.09 per diluted share, for the second quarter of 2025.

Adjusted Property EBITDAR was $568.3 million for the second quarter of 2026, an increase of $15.9 million compared to Adjusted Property EBITDAR of $552.4 million for the second quarter of 2025. For the second quarter of 2026, Adjusted Property EBITDAR increased $44.3 million at Wynn Palace and decreased $19.6 million, $7.8 million, and $1.0 million at our Las Vegas Operations, Encore Boston Harbor, and Wynn Macau, respectively, from the second quarter of 2025.

Wynn Resorts, Limited also announced on August 4, 2026 that its Board of Directors declared a cash dividend of $0.25 per share, payable on August 28, 2026 to stockholders of record as of August 14, 2026.

Property Results

Macau Operations

Wynn Palace

Operating revenues from Wynn Palace were $653.4 million for the second quarter of 2026, an increase of $113.8 million from $539.6 million for the second quarter of 2025. Adjusted Property EBITDAR from Wynn Palace was $201.5 million for the second quarter of 2026, compared to $157.2 million for the second quarter of 2025. Table games win percentage in mass market operations was 29.7%, above the 22.3% experienced in the second quarter of 2025. VIP table games win as a percentage of turnover was 2.97%, below the property's expected range of 3.1% to 3.4% and above the 2.86% experienced in the second quarter of 2025.

Wynn Macau

Operating revenues from Wynn Macau were $351.1 million for the second quarter of 2026, an increase of $7.3 million from $343.8 million for the second quarter of 2025. Adjusted Property EBITDAR from Wynn Macau was $95.5 million for the second quarter of 2026, compared to $96.5 million for the second quarter of 2025. Table games win percentage in mass market operations was 17.1%, below the 17.4% experienced in the second quarter of 2025. VIP table games win as a percentage of turnover was 2.58%, below the property's expected range of 3.1% to 3.4% and below the 3.41% experienced in the second quarter of 2025.

Las Vegas Operations

Operating revenues from our Las Vegas Operations were $643.2 million for the second quarter of 2026, an increase of $4.6 million from $638.6 million for the second quarter of 2025. Adjusted Property EBITDAR from our Las Vegas Operations for the second quarter of 2026 was $215.2 million, compared to $234.8 million for the second quarter of 2025. Table games win percentage for the second quarter of 2026 was 23.9%, within the property's expected range of 22% to 26% and above the 21.8% experienced in the second quarter of 2025.

Encore Boston Harbor

Operating revenues from Encore Boston Harbor were $209.3 million for the second quarter of 2026, a decrease of $6.4 million from $215.7 million for the second quarter of 2025. Adjusted Property EBITDAR from Encore Boston Harbor for the second quarter of 2026 was $56.1 million, compared to $63.9 million for the second quarter of 2025. Table games win percentage for the second quarter of 2026 was 18.1%, within the property's expected range of 18% to 22% and below the 21.3% experienced in the second quarter of 2025.

Wynn Al Marjan Island Development

During the second quarter of 2026, the Company contributed $48.1 million of cash to the 40%-owned joint venture that is constructing the Wynn Al Marjan Island development in the UAE, bringing our life-to-date cash contributions to the project to $1.06 billion. Wynn Al Marjan Island is currently expected to open in September 2027.

Balance Sheet

Our cash and cash equivalents as of June 30, 2026 totaled $1.57 billion, excluding $527.4 million of short-term investments held by Wynn Macau, Limited ("WML"). Cash and cash equivalents is comprised of $944.8 million held by WML and subsidiaries, $393.4 million held by Wynn Resorts Finance, LLC ("WRF") and subsidiaries excluding WML, and $235.2 million held at Corporate and other. As of June 30, 2026, the available borrowing capacity under the WRF Revolver and the WM Cayman II Revolver was $1.03 billion and $1.35 billion, respectively.

Total current and long-term debt outstanding at June 30, 2026 was $10.72 billion, comprised of $5.76 billion of Macau-related debt, $877.8 million of Wynn Las Vegas debt, $3.49 billion of WRF debt, and $598.9 million of debt held by the retail joint venture which we consolidate.

Equity Repurchase Program

During the second quarter of 2026, the Company repurchased 741,098 shares of its common stock under its publicly announced equity repurchase program at an average price of $101.20 per share, for an aggregate cost of $75.0 million. As of June 30, 2026, the Company had $326.1 million in repurchase authority remaining under the equity repurchase program.

Conference Call and Other Information

The Company will hold a conference call to discuss its results, including the results of Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC, on August 4, 2026 at 1:30 p.m. PT (4:30 p.m. ET). Interested parties are invited to join the call by accessing a live audio webcast at http://www.wynnresorts.com. On or before August 14, 2026, the Company will make Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC financial information for the quarter ended June 30, 2026 available to noteholders, prospective investors, broker-dealers and securities analysts. Please contact our investor relations office at 702-770-7555 or at [email protected], to obtain access to such financial information.

Forward-looking Statements

This release contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements, including, but not limited to, reductions in discretionary consumer spending, adverse macroeconomic conditions and their impact on levels of disposable consumer income and wealth, changes in interest rates, inflation, a decline in general economic activity or recession in the U.S. and/or global economies, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, geopolitical conflicts, adverse tourism trends, travel disruptions caused by events outside of our control, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development and success of new gaming and resort properties, construction and regulatory risks associated with current and future projects (including Wynn Al Marjan Island), cybersecurity risk and our leverage and ability to meet our debt service obligations. Additional information concerning potential factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as supplemented by the Company's other periodic reports filed with the Securities and Exchange Commission from time to time. The Company is under no obligation to (and expressly disclaims any such obligation to) update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures

(1) "Adjusted Property EBITDAR" is net income before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other expenses, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other expenses (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income (loss) as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, our calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

(2) "Adjusted net income attributable to Wynn Resorts, Limited" is net income attributable to Wynn Resorts, Limited before pre-opening expenses, property charges and other expenses, change in derivatives fair value, foreign currency remeasurement and other, and income taxes calculated using the specific tax treatment applicable to the adjustments based on their respective jurisdictions. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share are presented as supplemental disclosures to financial measures in accordance with GAAP because management believes that these non-GAAP financial measures are widely used to measure the performance, and as a principal basis for valuation, of gaming companies. These measures are used by management and/or evaluated by some investors, in addition to net income per share computed in accordance with GAAP, as an additional basis for assessing period-to-period results of our business. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

The Company has included schedules in the tables that accompany this release that reconcile (i) net income attributable to Wynn Resorts, Limited to adjusted net income attributable to Wynn Resorts, Limited, (ii) operating income (loss) to Adjusted Property EBITDAR, and (iii) net income attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.

WYNN RESORTS, LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited) 

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Operating revenues:

Casino

$ 1,175,288

$ 1,051,834

$ 2,352,521

$ 2,092,264

Rooms

290,303

291,053

580,684

565,574

Food and beverage

264,344

261,057

523,363

510,936

Entertainment, retail and other

126,998

133,853

257,127

269,420

Total operating revenues

1,856,933

1,737,797

3,713,695

3,438,194

Operating expenses:

Casino

721,384

643,108

1,454,054

1,277,941

Rooms

88,569

86,042

178,360

170,139

Food and beverage

236,642

224,400

465,464

425,067

Entertainment, retail and other

51,390

58,041

111,103

120,227

General and administrative

270,115

280,815

545,319

556,504

    Provision for credit losses

6,930

3,353

10,987

4,749

Pre-opening

9,232

11,286

20,977

16,573

Depreciation and amortization

165,421

152,907

325,948

308,328

Property charges and other

9,662

13,245

21,291

25,477

Total operating expenses

1,559,345

1,473,197

3,133,503

2,905,005

Operating income

297,588

264,600

580,192

533,189

Other income (expense):

Interest income

12,774

15,859

25,866

35,218

Interest expense, net of amounts capitalized

(152,177)

(154,551)

(304,539)

(312,159)

Change in derivatives fair value

43,287

(1,112)

90,057

(30,651)

Loss on debt financing transactions



(1,083)



(1,083)

Other

(2,746)

(36,164)

(32,180)

(44,538)

Other income (expense), net

(98,862)

(177,051)

(220,796)

(353,213)

Income before income taxes

198,726

87,549

359,396

179,976

Provision for income taxes

(16,154)

(10,588)

(26,286)

(21,610)

Net income

182,572

76,961

333,110

158,366

Less: net income attributable to noncontrolling interests                                                       

(42,510)

(10,743)

(72,594)

(19,401)

Net income attributable to Wynn Resorts, Limited

$  140,062

$    66,218

$  260,516

$  138,965

Basic and diluted net income per common share:

Net income attributable to Wynn Resorts, Limited:

Basic

$       1.37

$       0.64

$       2.53

$       1.33

Diluted

$       1.32

$       0.64

$       2.36

$       1.33

Weighted average common shares outstanding:

Basic

102,574

103,491

102,828

104,486

Diluted

102,983

103,780

103,390

104,749

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED

TO ADJUSTED NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED

(in thousands, except per share data)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net income attributable to Wynn Resorts, Limited

$  140,062

$    66,218

$  260,516

$  138,965

Pre-opening expenses

9,232

11,286

20,977

16,573

Property charges and other

9,662

13,245

21,291

25,477

Change in derivatives fair value

(43,287)

1,112

(90,057)

30,651

Loss on debt financing transactions



1,083



1,083

Foreign currency remeasurement and other

2,746

36,164

32,180

44,538

Income tax impact on adjustments

(1,254)

(3,178)

(2,384)

(4,854)

Noncontrolling interests impact on adjustments

10,293

(12,595)

14,663

(25,953)

Adjusted net income attributable to Wynn Resorts, Limited                                                            

$  127,454

$  113,335

$  257,186

$  226,480

Adjusted net income attributable to Wynn Resorts, Limited per
diluted share

$       1.24

$       1.09

$       2.49

$       2.16

Weighted average common shares outstanding - diluted

102,983

103,780

103,390

104,749

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Three Months Ended June 30, 2026

Wynn
Palace

Wynn
Macau

Other
Macau

Total
Macau
Operations

Las Vegas
Operations

Encore
Boston
Harbor

Corporate
and Other

Total

Operating income (loss)

$  113,196

$   57,548

$   (7,908)

$  162,836

$  102,412

$   (6,365)

$   38,705

$  297,588

Pre-opening expenses



146



146

252



8,834

9,232

Depreciation and amortization

62,502

20,879

397

83,778

63,103

14,522

4,018

165,421

Property charges and other

1,869

2,536

3

4,408

5,134

184

(64)

9,662

Management and license fees

20,592

10,680



31,272

30,192

10,227

(71,691)



Corporate expenses and other

2,245

2,281

6,765

11,291

8,309

1,746

12,863

34,209

Stock-based compensation

1,084

1,441

743

3,268

5,824

475

7,335

16,902

Triple-net operating lease rent expense











35,295



35,295

Adjusted Property EBITDAR

$  201,488

$   95,511

$       —

$  296,999

$  215,226

$   56,084

$       —

$  568,309

Three Months Ended June 30, 2025

Wynn
Palace

Wynn
Macau

Other
Macau

Total
Macau
Operations

Las Vegas
Operations

Encore
Boston
Harbor

Corporate
and Other

Total

Operating income (loss)

$   72,760

$   62,988

$   (7,464)

$  128,284

$  110,457

$    1,047

$   24,812

$  264,600

Pre-opening expenses

3,004





3,004

2,095



6,187

11,286

Depreciation and amortization           

59,344

18,280

398

78,022

58,821

14,229

1,835

152,907

Property charges and other

1,115

1,233

10

2,358

8,363

1,047

1,477

13,245

Management and license fees

17,605

10,648



28,253

30,125

10,449

(68,827)



Corporate expenses and other

2,045

2,079

6,137

10,261

7,594

1,585

27,006

46,446

Stock-based compensation

1,333

1,282

919

3,534

17,357

436

7,510

28,837

Triple-net operating lease rent expense











35,066



35,066

Adjusted Property EBITDAR

$  157,206

$   96,510

$       —

$  253,716

$  234,812

$   63,859

$       —

$  552,387

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Six Months Ended June 30, 2026

Wynn
Palace

Wynn
Macau

Other
Macau

Total
Macau
Operations

Las Vegas
Operations

Encore
Boston
Harbor

Corporate
and Other

Total

Operating income (loss)

$  225,986

$   98,520

$  (16,407)

$  308,099

$  215,245

$  (20,403)

$   77,251

$  580,192

Pre-opening expenses

662

146



808

3,812



16,357

20,977

Depreciation and amortization

123,735

41,252

795

165,782

123,878

28,973

7,315

325,948

Property charges and other

5,779

2,731

10

8,520

9,793

2,667

311

21,291

Management and license fees

41,898

20,778



62,676

61,222

20,176

(144,074)



Corporate expenses and other

4,790

4,950

14,057

23,797

16,416

3,579

25,227

69,019

Stock-based compensation

2,460

2,750

1,545

6,755

17,320

952

17,613

42,640

Triple-net operating lease rent expense











70,659



70,659

Adjusted Property EBITDAR

$  405,310

$  171,127

$         —

$  576,437

$  447,686

$  106,603

$       —

$ 1,130,726

Six Months Ended June 30, 2025

Wynn
Palace

Wynn
Macau

Other
Macau

Total
Macau
Operations

Las Vegas
Operations

Encore
Boston
Harbor

Corporate
and Other

Total

Operating income (loss)

$  155,325

$  115,730

$  (15,623)

$  255,432

$  226,536

$   (9,688)

$   60,909

$  533,189

Pre-opening expenses

4,204





4,204

2,855



9,514

16,573

Depreciation and amortization

115,781

37,504

796

154,081

121,449

28,195

4,603

308,328

Property charges and other

1,823

5,439

16

7,278

9,065

6,563

2,571

25,477

Management and license fees

35,105

21,021



56,126

59,448

20,590

(136,164)



Corporate expenses and other

4,251

4,394

12,887

21,532

15,488

3,273

42,734

83,027

Stock-based compensation

2,602

2,621

1,924

7,147

23,332

1,925

15,833

48,237

Triple-net operating lease rent expense











70,455



70,455

Adjusted Property EBITDAR

$  319,091

$  186,709

$       —

$  505,800

$  458,173

$  121,313

$       —

$ 1,085,286

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO

ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net income attributable to Wynn Resorts, Limited

$   140,062

$    66,218

$   260,516

$   138,965

Net income attributable to noncontrolling interests                                                                           

42,510

10,743

72,594

19,401

Pre-opening expenses

9,232

11,286

20,977

16,573

Depreciation and amortization

165,421

152,907

325,948

308,328

Property charges and other

9,662

13,245

21,291

25,477

Triple-net operating lease rent expense

35,295

35,066

70,659

70,455

Corporate expenses and other

34,209

46,446

69,019

83,027

Stock-based compensation

16,902

28,837

42,640

48,237

Interest income

(12,774)

(15,859)

(25,866)

(35,218)

Interest expense, net of amounts capitalized

152,177

154,551

304,539

312,159

Change in derivatives fair value

(43,287)

1,112

(90,057)

30,651

Loss on debt financing transactions



1,083



1,083

Other

2,746

36,164

32,180

44,538

Provision for income taxes

16,154

10,588

26,286

21,610

Adjusted Property EBITDAR

$  568,309

$  552,387

$ 1,130,726

$ 1,085,286

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

Percent
Change

2026

2025

Percent
Change

Wynn Palace Supplemental Information

Operating revenues

Casino

$   564,356

$   448,298

25.9

$ 1,129,273

$   892,806

26.5

Rooms

36,188

38,481

(6.0)

73,822

75,096

(1.7)

Food and beverage

31,785

30,446

4.4

64,820

62,184

4.2

Entertainment, retail and other

21,070

22,416

(6.0)

44,822

45,484

(1.5)

Total

$    653,399

$   539,641

21.1

$ 1,312,737

$ 1,075,570

22.1

Adjusted Property EBITDAR (6)

$    201,488

$   157,206

28.2

$    405,310

$    319,091

27.0

Casino statistics:

VIP:

Average number of table games

47

52

(9.6)

49

54

(9.3)

VIP turnover

$ 2,767,504

$ 4,071,052

(32.0)

$ 7,083,818

$ 8,076,093

(12.3)

VIP table games win (1)

$      82,313

$     116,471

(29.3)

$    216,555

$    221,003

(2.0)

VIP table games win as a % of turnover                              

2.97 %

2.86 %

3.06 %

2.74 %

Table games win per unit per day

$      19,174

$      24,438

(21.5)

$      24,589

$      22,735

8.2

Mass market:

Average number of table games

287

249

15.3

281

248

13.3

Table drop (2)

$ 1,899,985

$ 1,844,054

3.0

$ 3,871,036

$ 3,548,452

9.1

Table games win (1)

$    563,348

$    411,604

36.9

$ 1,087,145

$    833,996

30.4

Table games win %

29.7 %

22.3 %

28.1 %

23.5 %

Table games win per unit per day

$     21,590

$     18,171

18.8

$      21,392

$      18,566

15.2

Average number of slot machines

721

627

15.0

722

638

13.2

Slot machine handle

$   960,344

$   757,815

26.7

$ 1,820,867

$ 1,492,685

22.0

Slot machine win (3)

$     40,695

$     32,482

25.3

$      76,151

$      61,838

23.1

Slot machine win per unit per day

$          620

$          569

9.0

$           582

$           535

8.8

Room statistics:

Occupancy

98.9 %

98.7 %

99.0 %

98.5 %

ADR (4)

$          219

$          232

(5.6)

$           224

$          227

(1.3)

REVPAR (5)

$          216

$          229

(5.7)

$           222

$          224

(0.9)

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited) (continued)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

Percent
Change

2026

2025

Percent
Change

Wynn Macau Supplemental Information

Operating revenues

Casino

$   300,726

$   293,380

2.5

$   577,458

$   568,930

1.5

Rooms

20,907

21,742

(3.8)

42,227

45,039

(6.2)

Food and beverage

16,761

17,020

(1.5)

36,031

35,812

0.6

Entertainment, retail and other

12,692

11,671

8.7

25,222

23,992

5.1

Total

$   351,086

$   343,813

2.1

$   680,938

$   673,773

1.1

Adjusted Property EBITDAR (6)

$     95,511

$    96,510

(1.0)

$   171,127

$   186,709

(8.3)

Casino statistics:

VIP:

Average number of table games

10

21

(52.4)

11

25

(56.0)

VIP turnover

$   428,101

$   981,735

(56.4)

$ 1,013,987

$ 2,418,782

(58.1)

VIP table games win (1)

$     11,044

$     33,438

(67.0)

$      13,321

$      49,152

(72.9)

VIP table games win as a % of turnover                              

2.58 %

3.41 %

1.31 %

2.03 %

Table games win per unit per day

$     11,576

$     17,571

(34.1)

$        6,505

$      10,777

(39.6)

Mass market:

Average number of table games

213

231

(7.8)

216

226

(4.4)

Table drop (2)

$ 1,751,881

$ 1,617,756

8.3

$ 3,655,442

$ 3,160,641

15.7

Table games win (1)

$    300,200

$    280,836

6.9

$    588,325

$    569,385

3.3

Table games win %

17.1 %

17.4 %

16.1 %

18.0 %

Table games win per unit per day

$      15,453

$      13,346

15.8

$      15,025

$      13,916

8.0

Average number of slot machines

922

751

22.8

916

740

23.8

Slot machine handle

$ 1,190,692

$ 1,009,092

18.0

$ 2,429,785

$ 1,862,499

30.5

Slot machine win (3)

$      34,925

$      25,193

38.6

$      71,138

$      49,560

43.5

Slot machine win per unit per day

$           416

$           369

12.7

$           429

$           370

15.9

Room statistics:

Occupancy

99.3 %

99.4 %

99.5 %

99.2 %

ADR (4)

$           209

$          216

(3.2)

$          216

$           225

(4.0)

REVPAR (5)

$           208

$          215

(3.3)

$          215

$           223

(3.6)

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited) (continued)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

Percent
Change

2026

2025

Percent
Change

Las Vegas Operations Supplemental Information                    

Operating revenues

Casino

$   158,104

$   148,502

6.5

$   336,295

$   309,495

8.7

Rooms

208,132

207,981

0.1

420,693

403,849

4.2

Food and beverage

195,688

194,861

0.4

384,416

374,303

2.7

Entertainment, retail and other

81,244

87,289

(6.9)

163,673

176,271

(7.1)

Total

$   643,168

$   638,633

0.7

$ 1,305,077

$ 1,263,918

3.3

Adjusted Property EBITDAR (6)

$   215,226

$   234,812

(8.3)

$    447,686

$    458,173

(2.3)

Casino statistics:

Average number of table games

242

232

4.3

242

234

3.4

Table drop (2)

$   638,243

$   609,232

4.8

$ 1,323,544

$ 1,201,759

10.1

Table games win (1)

$   152,660

$   132,975

14.8

$    325,065

$    277,036

17.3

Table games win %

23.9 %

21.8 %

24.6 %

23.1 %

Table games win per unit per day

$        6,922

$       6,300

9.9

$        7,426

$        6,538

13.6

Average number of slot machines

1,558

1,564

(0.4)

1,566

1,577

(0.7)

Slot machine handle

$ 1,813,124

$ 1,760,253

3.0

$ 3,628,604

$ 3,538,339

2.6

Slot machine win (3)

$    117,009

$   123,606

(5.3)

$    237,344

$    246,850

(3.9)

Slot machine win per unit per day

$           825

$          868

(5.0)

$           837

$           865

(3.2)

Poker rake

$        7,712

$       8,103

(4.8)

$      11,511

$      12,434

(7.4)

Room statistics:

Occupancy

87.1 %

89.2 %

86.3 %

88.3 %

ADR (4)

$           575

$          548

4.9

$           583

$           538

8.4

REVPAR (5)

$           501

$          489

2.5

$           504

$           475

6.1

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR, and REVPAR)

(unaudited) (continued)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

Percent
Change

2026

2025

Percent
Change

Encore Boston Harbor Supplemental Information                     

Operating revenues

Casino

$   152,102

$   161,654

(5.9)

$   309,495

$   321,033

(3.6)

Rooms

25,076

22,849

9.7

43,942

41,590

5.7

Food and beverage

20,110

18,730

7.4

38,096

38,637

(1.4)

Entertainment, retail and other

11,992

12,477

(3.9)

23,410

23,673

(1.1)

Total

$    209,280

$    215,710

(3.0)

$    414,943

$   424,933

(2.4)

Adjusted Property EBITDAR (6)

$      56,084

$      63,859

(12.2)

$    106,603

$   121,313

(12.1)

Casino statistics:

Average number of table games

172

172



172

172



Table drop (2)

$    348,381

$    338,184

3.0

$    672,657

$    678,246

(0.8)

Table games win (1)

$      62,913

$      72,016

(12.6)

$    128,336

$    141,898

(9.6)

Table games win %

18.1 %

21.3 %

19.1 %

20.9 %

Table games win per unit per day

$        4,021

$        4,601

(12.6)

$        4,123

$        4,558

(9.5)

Average number of slot machines

2,570

2,718

(5.4)

2,676

2,718

(1.5)

Slot machine handle

$ 1,391,561

$ 1,365,349

1.9

$ 2,736,640

$ 2,722,548

0.5

Slot machine win (3)

$    110,444

$    109,472

0.9

$    220,024

$    216,954

1.4

Slot machine win per unit per day

$           472

$           443

6.5

$           454

$           441

2.9

Poker rake

$        5,530

$        5,430

1.8

$      10,904

$      11,072

(1.5)

Room statistics:

Occupancy

92.7 %

92.9 %

89.3 %

90.5 %

ADR (4)

$           445

$           405

9.9

$           407

$           382

6.5

REVPAR (5)

$           412

$           376

9.6

$           363

$           346

4.9

(1)

Table games win is shown before discounts, commissions and the allocation of casino revenues to rooms, food and beverage and other revenues for services provided to casino customers on a complimentary basis.

(2)

In Macau, table drop is the amount of cash that is deposited in a gaming table's drop box plus cash chips purchased at the casino cage. In Las Vegas, table drop is the amount of cash and net markers issued that are deposited in a gaming table's drop box. At Encore Boston Harbor, table drop is the amount of cash and gross markers that are deposited in a gaming table's drop box.

(3)

Slot machine win is calculated as gross slot machine win minus progressive accruals and free play.

(4)

ADR is average daily rate and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms occupied.

(5)

REVPAR is revenue per available room and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms available.

(6)

Refer to accompanying reconciliations of Operating Income (Loss) to Adjusted Property EBITDAR and Net Income Attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.

CONTACT:
Lauren Seiler
702-770-7555
[email protected]

SOURCE Wynn Resorts, Limited
2026-07-31 16:07 1mo ago
2026-07-31 12:01 1mo ago
Wynn Resorts čeká růst tržeb, zisk brzdí náklady
WYNN Wynn Resorts
FMP Stock News 78
Original source text
Key Takeaways Wynn Resorts' Q2 revenues are projected at $1.84 billion, up 5.9% year over year.Las Vegas strength and premium Macau demand may support gaming, hotel and non-gaming revenues.Higher labor, staffing, renovation and pre-opening costs are likely to weigh on profitability. Wynn Resorts, Limited (WYNN - Free Report) is scheduled to report second-quarter 2026 results on Aug. 4, after the closing bell.

WYNN’s earnings topped the Zacks Consensus Estimate in one of the trailing four quarters, and missed on the remaining three occasions, with an average surprise being negative 9.1%.

Trend in the Estimate Revision of WYNNThe Zacks Consensus Estimate for adjusted earnings per share (EPS) has decreased to $1.01 from $1.08 over the past 30 days. The estimated figure indicates a 7.3% decline from the year-ago EPS of $1.09.

For revenues, the consensus mark is pegged at nearly $1.84 billion, implying a rise of 5.9% from the prior-year quarter’s figure.

Let's look at how things might have shaped up in the quarter.

Factors Likely to Shape Wynn Resorts’ Q2 ResultsWynn Resorts’ second-quarter performance is likely to have benefited from continued strength in Las Vegas, supported by healthy gaming volumes, solid hotel demand and customer spending. Management noted that favorable casino and hotel trends carried into the second quarter, with gaming activity and room rates running above the prior-year levels. The successful openings of Zero Bond and Sartiano's Italian Steakhouse, along with continued premium positioning and the Encore Tower renovation, are likely to have supported visitation, hotel demand and spending during the quarter.

Macau operations are expected to have remained a key growth driver in the to-be-reported quarter. Management highlighted strong mass-market gaming activity and sustained demand from premium customers entering the quarter. Continued momentum at Wynn Palace, supported by high occupancy and the expanded Chairman’s Club, is likely to have aided gaming and non-gaming revenues.

The Gourmet Pavilion at Wynn Palace and ongoing room refurbishments at Wynn Macau are also expected to have supported visitation and customer engagement. The company’s enhanced loyalty program, luxury amenities and “Only at Wynn” offerings are likely to have helped maintain its competitive position in Macau. Encore Boston Harbor is likely to have generated relatively stable revenues, supported by gaming volumes running ahead of the prior-year period at the beginning of the quarter. Continued efforts to expand the property’s customer database beyond its immediate market may also have aided performance.

Our model predicts revenues from Las Vegas to rise 5.3% year over year to $672.5 million and Macau operations to decline 1.1% year over year to $339.9 million in the quarter under review. We expect Encore Boston Harbor’s second-quarter revenues to rise 1.8% year over year to $219.6 million.

Wynn Resorts’ earnings are likely to have declined due to elevated labor costs, increased staffing expenses for new venues and higher spending on property enhancements. Wage pressure at Encore Boston Harbor, cost-of-living adjustments in Macau and pre-opening expenses related to Wynn Al Marjan Island may also have weighed on profitability. Fluctuations in VIP gaming hold could have created additional margin volatility.

Nonetheless, operating leverage from stronger business volumes in Las Vegas and Macau, healthy premium demand, higher hotel rates and disciplined cost management may have partly offset these pressures. Our model predicts second-quarter total operating expenses to increase 8.1% year over year to $1.59 billion.

What Our Model Says About WYNN StockOur proven model does not conclusively predict an earnings beat for Wynn Resorts this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, this is not the case here, as you will see below.

WYNN’s Earnings ESP: Wynn Resorts has an Earnings ESP of +1.49%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Wynn Resorts’ Zacks Rank: The company has a Zacks Rank #5 (Strong Sell) at present.

Stocks Poised to Beat on EarningsHere are some stocks from the Zacks Consumer Discretionary sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.

Marriott Vacations Worldwide Corporation (VAC - Free Report) currently has an Earnings ESP of +5.26% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Marriott Vacations earnings for the to-be-reported quarter are expected to increase 1%. VAC reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 0.7%.

Expedia Group, Inc. (EXPE - Free Report) currently has an Earnings ESP of +2.52% and a Zacks Rank of 3.

In the to-be-reported quarter, Expedia’s earnings are expected to surge 28.5%. Expedia’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 13.9%.

Marriott International, Inc. (MAR - Free Report) currently has an Earnings ESP of +1.88% and a Zacks Rank of 3.

MAR’s earnings for the to-be-reported quarter are expected to increase 15.5%. Marriott reported better-than-expected earnings in the trailing three out of four quarters and missed once, the average surprise being 1.5%.