Wynn Q3 profit slides to $17.3m as Las Vegas hold and Macau weigh, UAE spending continues. UPDATED November 6, 2026 Wynn Resorts' third-quarter profit fell sharply as poor table hold in Las Vegas and weaker Macau trading cut revenue. The results echo the Las Vegas slowdown at MGM and Caesars, yet Wynn is still funding its UAE resort. Wynn Resorts' third quarter of 2026 showed the same Las Vegas softness already visible at its Strip rivals. Weaker Macau trading added to the pressure. Adjusted property EBITDAR slid to $464.2m from $570.1m a year earlier. Three months earlier, the picture was different. Second-quarter operating revenues had risen by $119.1m to $1.86bn. Adjusted property EBITDAR reached $568.3m in that period. Unfavourable hold and weaker Macau revenue drove the decline. Table luck turned against Wynn Las Vegas. The table games win rate was 18.9%, against 23.0% a year earlier. The Las Vegas Operations produced adjusted property EBITDAR of $158.8m, down from $203.4m. Unfavourable hold in Las Vegas cost the company just under $24m in the quarter. Revenue declines were spread across the portfolio. Compared with the third quarter of 2025, Wynn Palace lost $51.7m of operating revenue. The Las Vegas Operations fell by $45.8m. Wynn Macau dropped $30.1m and Encore Boston Harbor $17.1m. Macau weighed heavily on profits. At Wynn Macau Ltd, the group's Macau subsidiary, third-quarter operating income fell 39.2% year on year to just under $108.3m. The wider market kept slowing after the quarter closed. In October 2026, the city's casino gross gaming revenue fell 10.0% year on year to MOP21.68bn (US$2.68bn). Even so, work began during the quarter on The Enclave, a 432-key all-suite hotel tower beside the eastern entrance of Wynn Palace. Chief executive Craig Billings said Wynn Las Vegas and the Macau properties saw healthy demand as market conditions slowed, and that Boston kept operating through an early-September strike. More than 1,300 Encore Boston Harbor workers walked out on 4 September 2026 after contract talks stalled. The pattern is not unique to Wynn. At MGM Resorts, the Strip weakness came mainly from lower average daily rates, which reduced room revenue. Taken together, the reports from Wynn, MGM and Caesars are consistent with softer trading on the Strip. Wynn's problem, however, was mainly table hold rather than room rates. Wynn still found cash for shareholders. It bought back 627,475 shares at an average of $92.61 each, costing $58.1m. It had $268.0m of buyback authority left at 30 September 2026. UAE equity bill narrows as Al Marjan build continues. Wynn has now put $1.12bn into Wynn Al Marjan Island, the UAE's first licensed casino resort. In August, Wynn put its remaining equity commitment to the resort and the neighbouring Janu development at $525m to $650m, AGBrief reported. The lower range now quoted is consistent with further contributions to the project. Debt is also funding the build. So far, $1.76bn has been drawn on the Al Marjan construction loan. The $600m budget increase announced in the second quarter adds about $240m to Wynn's own share, based on its 40% stake. The project matters well beyond Wynn's own balance sheet. It is turning the Gulf into a new casino market that European suppliers and operators are watching closely. Slower trading in Las Vegas and Macau has not changed the timetable. Wynn Al Marjan Island remains on track to open in September 2027. Source material. CasinoBeats Editor

Wynn Resorts Q3 2026: revenue dips, net income falls to $17.3M. 05 November 2026 04:49 PM PST Summarize with AI You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to its research reports, in-depth technical and fundamental research. Learn more Wynn Resorts, Limited filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 5, 2026, reporting third-quarter results across its casino, hotel, and food and beverage operations. Key highlights. * Total operating revenues: The company reported total operating revenues of $1,689,053 thousand for the three months ended September 30, 2026, compared to $1,833,747 thousand for the same period in 2025. * Net income attributable to Wynn Resorts: Net income attributable to the company was $17,321 thousand for Q3 2026, down from $88,341 thousand in Q3 2025. * Diluted EPS: Diluted net income per common share attributable to Wynn Resorts was $0.17 for the three months ended September 30, 2026, versus $0.85 for the same period in 2025. * Nine-month revenue growth: Total operating revenues for the nine months ended September 30, 2026 were $5,402,748 thousand, up from $5,271,941 thousand for the nine months ended September 30, 2025. * Cash and cash equivalents: Cash and cash equivalents stood at $1,642,156 thousand as of September 30, 2026, compared to $1,463,442 thousand at December 31, 2025. * Shares outstanding: Common shares outstanding as of October 30, 2026 were 102,551,611, with long-term debt of $9,574,564 thousand at quarter-end. Wynn Resorts third-quarter 2026 financial results: revenue and earnings decline year-over-year. According to the filing, Wynn Resorts, Limited (NASDAQ:WYNN) reported total operating revenues of $1,689,053 thousand for the three months ended September 30, 2026, a decrease from $1,833,747 thousand in the prior-year quarter. Casino revenues accounted for $1,050,471 thousand of that total, compared to $1,174,717 thousand in Q3 2025. Rooms revenue was $261,499 thousand, food and beverage revenue was $257,657 thousand, and entertainment, retail and other contributed $119,426 thousand for the quarter. The filing disclosed operating income of $178,222 thousand for Q3 2026, down from $310,489 thousand in Q3 2025. Total operating expenses for the quarter were $1,510,831 thousand, versus $1,523,258 thousand a year earlier. Depreciation and amortization rose to $166,782 thousand from $152,828 thousand. After other income and expense items, including interest expense net of amounts capitalized of $151,735 thousand and a loss on debt financing transactions of $5,389 thousand, income before income taxes was $42,340 thousand. Net income attributable to Wynn Resorts was $17,321 thousand, with basic and diluted earnings per share of $0.17. For the nine months ended September 30, 2026, the company reported net income attributable to Wynn Resorts of $277,837 thousand, up from $227,306 thousand in the same period of 2025, on total operating revenues of $5,402,748 thousand. The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $13,119,713 thousand, total liabilities of $14,104,751 thousand, and total stockholders' deficit of $(985,038) thousand. Current portion of long-term debt increased to $1,159,665 thousand at September 30, 2026 from $9,410 thousand at December 31, 2025. Investments in unconsolidated affiliates grew to $1,199,519 thousand from $948,156 thousand over the same period. What was disclosed. Wynn Resorts filed its quarterly report covering the period ended September 30, 2026, disclosing a year-over-year decline in Q3 revenues and net income, while nine-month revenues and net income attributable to the company both increased compared to the prior-year period. Download Free Report - Explore 3 Stock Ideas & Industry Insights Unlock 3 stock ideas and key industry insights in its free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice. All investments involve risk - consider independent advice before making any investment decisions. Disclaimer:

Wynn Resorts post decline in third quarter revenues amid slower market conditions. November 5, 2026 · 5:17pm ET | 2:17pm PT Email, LinkedIn, and more Wynn Resorts posted a decrease in third quarter revenues, even as properties in Macau and Las Vegas both saw healthy demand amid slower market conditions. "Wynn Las Vegas was also negatively impacted by a hold rate outside of our expected range," said CEO Craig Billins in a statement. "In Boston, the team did an excellent job managing through the strike that began in early September, ensuring that we could continue delighting guests at our resort." Operating revenues were $1.69 billion for the third quarter of 2026, a decrease of $144.7 million from $1.83 billion for the same period last year. Net income was $17.3 million for the third quarter of 2026, compared to net income of $88.3 million for the third quarter of 2025. Diluted net income per share was $0.17 for the third quarter of 2026, compared to diluted net income per share of $0.85 for the prior year, while adjusted property EBITDAR was $464.2 million for the third quarter, compared to $570.1 million for the same period last year. Billings said the team at Wynn Al Marjan Island, in the United Arab Emirates (UAE) has also made substantial progress with ongoing finishing works occurring throughout the property, including the interior fit-out of all guest rooms, as CDC Gaming Group move closer to a planned September 2027 opening. Operating revenues were $1.69 billion for the third quarter, a decrease of $144.7 million from $1.83 billion for the third quarter of 2025. For the third quarter, Wynn announced operating revenues decreased $51.7 million, $45.8 million, $30.1 million and $17.1 million at Wynn Palace, its Las Vegas Operations, Wynn Macau, and Encore Boston Harbor, respectively, from the third quarter of 2025. Net income attributable to Wynn Resorts, was $17.3 million for the third quarter, compared to net income of $88.3 million for the same period last year. Diluted net income per share was $0.17, compared to diluted net income per share of $0.85 for the third quarter of 2025. The company posted adjusted net income of $33.9 million, or $0.33 per diluted share, for the third quarter of 2026, compared to adjusted net income of $88.7 million, or $0.86 per diluted share, for the third quarter of 2025. Adjusted property EBITDAR was $464.2 million for the third quarter of 2026, a decrease of $105.9 million compared to adjusted property EBITDAR of $570.1 million for the third quarter of 2025. For the third quarter of 2026, adjusted property EBITDAR decreased $44.6 million, $34.5 million, $18.5 million, and $8.3 million at its Las Vegas Operations, Wynn Palace, Wynn Macau, and Encore Boston Harbor, respectively, from the third quarter of 2025.