Wynn Resorts (NASDAQ:WYNN) shares up 11.1% after earnings beat. August 5, 2026 Key points. * Wynn Resorts shares jumped 11.1% after the company reported quarterly earnings of $1.24 per share, beating estimates of $0.99, while revenue rose 6.9% year over year to $1.86 billion. * Macau operations and affluent-customer demand supported results: Wynn Palace revenue reached $653.4 million and Wynn Macau revenue increased to $351.1 million. * The company declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 0.9% yield. Analysts maintain a "Moderate Buy" consensus with an average price target of $135.12, though higher UAE investment and China's anti-graft campaign remain risks. * MarketBeat previews the top five stocks to own by September 1st. Shares of Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) shot up 11.1% on Wednesday following a stronger than expected earnings report. The stock traded as high as $109.24 and last traded at $108.41. 953,156 shares traded hands during trading, a decline of 39% from the average daily volume of 1,553,689 shares. The stock had previously closed at $97.60. The casino operator reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.25. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.83 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The business's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Wynn Resorts announces dividend. The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. Wynn Resorts's payout ratio is 29.85%. Here are the key news stories impacting Wynn Resorts this week: * Positive Sentiment: Q2 earnings beat expectations: Wynn reported adjusted earnings of $1.24 per share, above the $0.99 analyst consensus, while revenue rose 6.9% year over year to $1.86 billion, exceeding estimates of $1.83 billion. 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 affluent-customer demand helped results: Wynn Palace revenue increased to $653.4 million and Wynn Macau revenue rose to $351.1 million. Coverage also highlighted resilient demand from wealthy customers, supporting expectations for continued recovery in the company's Macau operations. Wynn Resorts Second-Quarter Revenue Rises on Casino Demand * Positive Sentiment: UAE resort opening date confirmed: Wynn Al Marjan Island is scheduled to open in September 2027. The project gives Wynn a potential new growth platform in the Middle East, while Macau expansion projects are expected to begin this year. Wynn Resorts Confirms September 2027 Opening * Positive Sentiment: Shareholder returns continued: Wynn declared a $0.25 quarterly dividend, payable August 28 to shareholders of record August 14, and repurchased approximately $75 million of stock during the quarter. Wynn Resorts Reports Strong Q2 Results and Dividend * Neutral Sentiment: Analysts maintain a generally favorable "Moderate Buy" consensus, but the shares remain below their 50-day and 200-day moving averages, indicating that investors may still want evidence of sustained growth. * Negative Sentiment: Higher UAE investment could pressure returns: JPMorgan reportedly expects Wynn's UAE capital spending in 2027 could triple as the project's scope and costs rise. The spending may strengthen the resort long term but increases near-term execution and financing risk. JPMorgan UAE Capital Spending Analysis * Negative Sentiment: Reports that China's anti-graft campaign is weighing on Macau casino activity remain a risk to Wynn's largest regional earnings contributor and could limit the durability of the recovery. China Anti-Graft Drive and Wynn Resorts Wall Street analysts forecast growth. Several analysts have recently weighed in on WYNN shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $137.00 price target on shares of Wynn Resorts in a research note on Friday, May 8th. Citigroup reduced their price objective on Wynn Resorts from $145.00 to $132.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Susquehanna decreased their target price on Wynn Resorts from $133.00 to $127.00 and set a "positive" rating for the company in a research report on Thursday, April 16th. Zacks Research cut Wynn Resorts from a "hold" rating to a "strong sell" rating in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. dropped their price target on Wynn Resorts from $135.00 to $134.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Wynn Resorts currently has an average rating of "Moderate Buy" and an average target price of $135.12. Institutional investors weigh in on Wynn Resorts. A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Wynn Resorts by 10.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator's stock worth $665,000 after purchasing an additional 754 shares in the last quarter. Woodline Partners LP grew its position in shares of Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator's stock worth $632,000 after buying an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator's stock worth $32,000 after buying an additional 156 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Wynn Resorts by 13.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator's stock worth $155,000 after acquiring an additional 201 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Wynn Resorts by 9.5% during the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator's stock worth $937,000 after acquiring an additional 868 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors. Wynn Resorts price performance. The company has a market cap of $11.20 billion, a PE ratio of 32.22, a PEG ratio of 0.97 and a beta of 1.01. The stock's 50-day moving average is $100.50 and its 200 day moving average is $103.95. Wynn Resorts company profile. 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. 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Wynn Al Marjan Island to open in September 2027. The company also shared reports of revenue growth through the year's second quarter. August 05, 2026 Wynn Resorts announced the opening date for its Al Marjan Island project in the UAE as September 2027 as it shared its financial results for the quarter ending June 30. In total, the company accrued US$1.86bn in operating revenues through the quarter, an increase of $119.1m from $1.74bn the prior-year quarter. Wynn Palace, Wynn Macau and the company's Las Vegas operations showed operating revenue increases of $113.8m, $7.3m and $4.6m respectively, with only Encore Boston Harbor showing a decrease in revenue of $6.4m. Net income came in at $140.1m for the quarter, up from $66.2m. Diluted net income per share was $1.32, up from $0.64. Adjusted property EBITDAR was $568.3m, an increase of $15.9m from $552.4m the prior-year quarter. UAE integrated resort continues to progress. "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," said Craig Billings, CEO of Wynn Resorts. "I am incredibly proud of our teams in both regions." The company revealed that it had contributed $48.1m of cash to the Wynn Al Marjan Island development in the UAE, a joint venture in which it owns 40 per cent. The company's life-to-date cash contributions to the project now total $1.06bn. "Importantly, we continue to invest in both growing and diversifying our business with construction at Wynn Al Marjan Island progressing at a rapid pace," added Billings. "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." In July it was announced that ground had been broken on Janu Al Marjan Island, a luxury hotel and residential deveoplment next to Wynn Al Marjan Island.

Wynn Resorts pushes back opening of Al Marjan resort to Sept. 2027; increases budget by $600 million. Tuesday, August 4, 2026 7:32 PM Photo: Wynn Resorts (courtesy) Email, LinkedIn, and more Wynn Resorts announced that the opening of its $5 billion-plus Wynn Al Marjan Island casino resort in the United Arab Emirates has been pushed back to September 2027 from the spring. In addition, its costs have increased by $600 million, half of which is attributed to the regional conflict in the Persian Gulf. Wynn CEO Craig Billings made the announcement Tuesday during the operator's second-quarter earnings call. In May during the first-quarter call, Billings said the project faced "a modest delay" due to the ongoing conflict between the U.S. and Iran, without giving a rescheduled opening date. "As development of Wynn Al Marjan Island progresses, regional conflict-related disruptions initially impacted global supply chains and continued to impact the shifting insurance markets," Billings said. "This has required certain materials and equipment to be resourced, rerouted, or expedited to ensure the project's construction timeline." There were other disruptions associated with the movement of staff, consultants and other non-recurring issues, Billings added. "These disruptions have impacted the timing and cost of the project," Billings said. "On the timing, we now expect the project to open its doors to the public in September 2027. With respect to budget, we're increasing the total project by approximately $600 million. Of that, half is directly attributed to disruptions from the regional conflict - material cost increases, shipping cost increases, and the pre-opening and capitalized interest costs associated with the extended construction timeline. The remaining portion reflects remeasurement, trade coordination, and other costs you expect on a project of this scale and duration, independent of anything happening in the region." Billings, who went to the UAE in June, said construction is progressing rapidly. In addition, pre-opening hiring and operations planning are advancing. "What we're building is one-of-a-kind and the quality of work is truly extraordinary," Billings said. "We continue to believe this will be the most exciting resort opening globally in over a decade and remain as committed to and confident in the UAE as ever." In response to a question from a Wall Street analyst, Billings said the military intensity against the UAE has eased even as the broader conflict has played out. "This country absorbs pressure and keeps functioning, rather than gets knocked off course by it," Billings said. "I'm not going to tell you there's no risk, but when we underwrote the project, we didn't underwrite a region with zero geopolitical risk. We underwrote a country with the demonstrated ability to manage through it." Consumer supply chains are normal and the Dubai Airport has grown flight capacity over the last couple of months, Billings said. "Day-to-day life is pretty normal. You're talking about an opening that's well over a year out and if the conflict is persisting at that point, we have bigger problems from the perspective of the energy market." September marks the beginning of the peak tourism season in the UAE, Billings said. "When this property opens, we expect a pretty robust locals or regional pipeline. We also expect a healthy global pipeline. The real question as we fast forward to September 2027 is which of those customer funnels are we addressing in the near term and which over time. It's fair to say for the core gaming product, demand should exceed supply. It's just a question of where it's going to come from. That changes where you spend marketing dollars and focus your hosts and their attention. But it doesn't change the core of what you're opening. We have a lot of levers to pull there and it's a question of which lever we pull based on the state of play." In other markets, Billings highlighted that Las Vegas, where it caters to the luxury customer base, delivered $215 million in adjusted earnings during the second quarter with strength in May. "We saw impressive increases in both drop and handle, driving a 5% total increase in casino revenue," Billings said. "CDC Gaming Group were also pleased to grow revenue per room by 3% and retail-lease revenue was up 8% during the quarter. More recently, the business has seen solid volumes and increases in both slot revenues and revenue per room. CDC Gaming Group experienced unusually low hold in the month of July. "Looking ahead, we remain positive about the business in Las Vegas," Billings said. "We're currently on track for another strong F1 week and pacing ahead of last year for our transient leisure business for that event. On the group and convention side, we saw the forward-booking pace accelerate as July progressed and the business looks strong heading into the fourth quarter and 2027." As for Boston, Billings said Encore Boston's Harbor generated $56 million in adjusted earnings, with the second quarter setting records for Q2 revenue per room and hotel revenue. Slots remained strong, with revenue up 1%. "More recently, demand in Boston has remained healthy, with slot revenue running slightly ahead of last year." In Macau, Billings said Wynn delivered solid results during the quarter with $306 million in normalized VIP adjusted earnings with unfavorable VIP hold negatively impacting the operator by nearly $9 million. "Volumes were up nicely in the quarter, with mass drop up 5%," Billings said. "So far in the third quarter, rolling volumes and mass drop were down slightly year-on-year as we absorbed a well-publicized impact from the World Cup, along with usual seasonality. We saw drop pick up in the back half of July as the region entered the summer holiday season and those improving trends continued into early August." In Macau, Billings expects to start construction on Enclave, a 432-all-suite hotel before the end of 2026. They will also begin construction in the coming weeks on their long-planned event center and theater at Wynn Palace, with completion in 2028. The Enclave is expected to open in 2029. "Taken together, these projects reflect a clear and confident investment in the future of the Macau market and our effort to support its diversification efforts," Billings said.