WYNN · Other

WYNN RESORTS LTD

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

10-Q · 2026-08-06

• Al Marjan Joint Venture InvestmentImportance 72 · Surprise 74
  The company is pursuing geographic expansion through its 40% equity interest in the Al Marjan Joint Venture in Ras Al Khaimah, United Arab Emirates. The joint venture is constructing the Wynn Al Marjan Island…
• Capital Expenditures ProgramImportance 69 · Surprise 50
  The company spent $332.1 million on capital expenditures during the first six months of 2026, compared with $325.2 million in the prior-year period. Six-month property spending included $174.9 million at Las Vegas…
• Liquidity and Debt PositionImportance 66 · Surprise 40
  Operating cash flow increased to $645.4 million for the first six months of 2026 from $538.8 million in the prior-year period, while cash, cash equivalents, and restricted cash increased $107.3 million. As of June 30,…
• Al Marjan Financing CommitmentsImportance 66 · Surprise 48
  A subsidiary of Island 3 has access to a $2.4 billion delayed-draw secured term-loan facility to finance Wynn Al Marjan Island. Wynn Resorts is not a party to the facility agreement, but it and the government of Ras Al…
• Capital Expenditure OutlookImportance 64 · Surprise 42
  Wynn is advancing major property-investment programs in Macau and Las Vegas. The Enclave at Wynn Palace is planned as a 432-key all-suite tower with an estimated budget of $900 million to $950 million, including…
• Al Marjan Development InvestmentImportance 64 · Surprise 42
  Wynn Resorts contributed $48.1 million to Wynn Al Marjan Island and Janu Al Marjan Island in the second quarter of 2026, bringing life-to-date cash contributions to $1.06 billion. The company estimates its remaining…
• Capital Return ProgramImportance 63 · Surprise 50
  During the first six months of 2026, the company repurchased 1,574,289 common shares for $165.5 million, including 1,269,765 shares bought under the publicly announced equity repurchase program for $128.8 million.…
• Derivative Fair Value GainsImportance 61 · Surprise 82
  The company recorded a $90.1 million derivative fair-value gain in the first six months of 2026, compared with a $30.7 million loss in the first six months of 2025. The 2026 gain included $57.6 million from foreign…
• Geographic Market CommentaryImportance 59 · Surprise 48
  Macau was the company's strongest geographic market, with six-month operating revenue increasing 14.0% to $1.99 billion and Wynn Palace revenue increasing 22.1%. Las Vegas Operations revenue increased 3.3%, supported…
• Acquisition / Partnership / DivestitureImportance 59 · Surprise 60
  Palo Real Estate Company Limited and Wynn Macau SA accepted an amended Macau land concession contract in July 2026. The contract permits expansion of Wynn Palace on Cotai to add a five-star hotel, theater, and event…
• Wynn Palace ExpansionImportance 59 · Surprise 60
  In July 2026, Palo Real Estate Company Limited and Wynn Macau SA accepted an amended Macau land concession allowing expansion of Wynn Palace on the Cotai Land. The Expanded Resort will include a new five-star hotel,…
• Macau Market Demand TrendsImportance 58 · Surprise 56
  Macau casino demand strengthened substantially, driven by higher mass-market gaming volumes at Wynn Palace and Wynn Macau. For the six months ended June 30, 2026, Wynn Palace mass-market table drop increased 9.1% to…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter 2026 operating revenue increased 6.9% year over year to $1.857 billion, while six-month revenue increased 8.0% to $3.714 billion. Macau Operations led growth, with second-quarter revenue up 13.7% to…
• Operating Expense TrendsImportance 49 · Surprise 32
  Six-month operating expenses increased 7.9% to $3.134 billion, led by a $176.1 million, or 13.8%, increase in casino expense and a $40.4 million, or 9.5%, increase in food and beverage expense. Wynn Palace casino…
• Segment ProfitabilityImportance 46 · Surprise 56
  Wynn Palace Adjusted Property EBITDAR increased $44.3 million, or 28.2%, in the second quarter and $86.2 million, or 27.0%, for the six months, primarily because of higher casino revenue despite increased gaming taxes.…
• Integrated Resort Capacity ExpansionImportance 37 · Surprise 42
  The company is developing the Enclave at Wynn Palace, a 432-key all-suite hotel tower adjacent to Wynn Palace's east entrance. Construction is expected to begin in the second half of 2026 and continue for approximately…
• New Food And Beverage OfferingsImportance 34 · Surprise 42
  New food and beverage outlets at the Las Vegas Operations generated incremental revenue during the first six months of 2026. Food and beverage revenue increased $12.4 million year over year, including a $6.8 million…
• Macau Gaming Tax ChangesImportance 32 · Surprise 24
  Macau gaming taxes materially increased operating expenses as casino revenue grew at Wynn Palace and Wynn Macau. For the quarter ended June 30, 2026, gaming tax expense increased by $53.7 million at Wynn Palace and…
• Al Marjan Resort DevelopmentImportance 31 · Surprise 42
  Wynn Al Marjan Island is under development in Ras Al Khaimah, with an expected opening in September 2027. Janu Al Marjan Island, a hotel and residential development operated by Aman Group, is expected to open in 2029.…
• Income Tax Rate ChangesImportance 28 · Surprise 30
  Income tax expense increased to $26.3 million for the first six months of 2026 from $21.6 million in the prior-year period, a 21.8% increase. Second-quarter income tax expense increased to $16.2 million from $10.6…
• FX / Currency ImpactImportance 26 · Surprise 24
  Foreign-exchange movements affected results through remeasurement of U.S.-dollar-denominated debt and other obligations at Macau-related entities. The Macau pataca’s movement against the U.S. dollar produced a $2.7…
• DividendsImportance 15 · Surprise 6
  Wynn Resorts paid a $0.25-per-share common-stock dividend in both the quarters ended March 31, 2026 and June 30, 2026. The company recorded $26.1 million and $25.8 million, respectively, against accumulated deficit for…

News · 2026-08-06

• Macau Expansion PlanImportance 40 · Surprise 42
  Wynn plans to begin construction on the Enclave at Wynn Palace in late 2026. The company also expects to open a new hotel at Wynn Palace in Macau in 2029. These projects represent continued capital investment in Macau…
• Las Vegas Demand WeaknessImportance 20 · Surprise 24
  Las Vegas operations were described as subdued because of slower tourism during the quarter. Third-party commentary also cited pressure on Las Vegas margins and labor costs. The weakness contrasted with stronger Macau…

News · 2026-08-05

• UAE Resort DevelopmentImportance 58 · Surprise 42
  Wynn Al Marjan Island, an integrated resort in Ras Al Khaimah, United Arab Emirates, is scheduled to open in September 2027. The project is expected to include the UAE’s first casino and is positioned as a new luxury…
• Net Income and ProfitabilityImportance 45 · Surprise 64
  Wynn Resorts reported second-quarter 2026 net income of $140.1 million, more than double the year-ago amount. Adjusted earnings per share reached $1.24, exceeding consensus estimates near $0.99 to $1.01 and increasing…
• Revenue Performance and MixImportance 31 · Surprise 32
  Wynn Resorts reported second-quarter 2026 operating revenue of $1.86 billion, up $119.1 million, or 6.9%, from $1.74 billion in the second quarter of 2025. Wynn Palace revenue in Macau increased 21.1% year over year,…

8-K · 2026-08-04

• Net Income and ProfitabilityImportance 63 · Surprise 64
  Net income attributable to Wynn Resorts increased to $140.1 million from $66.2 million in the second quarter of 2025, a 111.5% year-over-year increase. Diluted earnings per share increased to $1.32 from $0.64, while…
• Market Demand TrendsImportance 58 · Surprise 56
  Wynn Palace showed the strongest demand growth, with second-quarter operating revenue increasing 21.1% to $653.4 million, driven by a 25.9% increase in casino revenue and a 26.7% increase in slot-machine handle. Its…
• Geographic Market CommentaryImportance 58 · Surprise 56
  Macau was the primary source of year-over-year revenue growth, with Wynn Palace revenue increasing $113.8 million and Wynn Macau revenue increasing $7.3 million. Wynn Palace benefited from stronger mass-market…
• Operating Expense TrendsImportance 50 · Surprise 46
  Total operating expenses increased $86.1 million, or 5.8%, to $1.56 billion in the second quarter of 2026. Casino expenses increased $78.3 million, or 12.2%, to $721.4 million, compared with casino revenue growth of…
• Liquidity and Debt PositionImportance 49 · Surprise 6
  Cash and cash equivalents totaled $1.57 billion as of June 30, 2026, excluding $527.4 million of short-term investments held by Wynn Macau, Limited. Available borrowing capacity was $1.03 billion under the WRF Revolver…
• Revenue Performance and MixImportance 46 · Surprise 30
  Second-quarter operating revenue increased 6.9% year over year to $1.86 billion from $1.74 billion. Wynn Palace revenue rose $113.8 million, or 21.1%, to $653.4 million, while Wynn Macau increased $7.3 million, or…
• Acquisition / Partnership / DivestitureImportance 46 · Surprise 42
  Wynn Resorts contributed $48.1 million of cash during the second quarter to the 40%-owned joint venture developing Wynn Al Marjan Island in the United Arab Emirates. Life-to-date cash contributions to the project…
• Capital Return ProgramImportance 46 · Surprise 42
  Wynn Resorts repurchased 741,098 common shares during the second quarter of 2026. The company paid an average price of $101.20 per share, for an aggregate repurchase cost of $75.0 million. As of June 30, 2026, $326.1…
• Manufacturing and CapacityImportance 46 · Surprise 42
  Wynn Resorts is expanding its geographic resort capacity through Wynn Al Marjan Island, a 40%-owned integrated resort joint venture in Ras Al Khaimah, UAE. Construction was described as progressing at a rapid pace, and…
• UAE Resort ExpansionImportance 46 · Surprise 42
  Wynn Resorts is developing Wynn Al Marjan Island in the UAE through a 40%-owned joint venture with partners in Ras Al Khaimah. The Company contributed $48.1 million of cash during the second quarter of 2026, bringing…
• Segment ProfitabilityImportance 35 · Surprise 48
  Adjusted Property EBITDAR increased $15.9 million, or 2.9%, year over year to $568.3 million. Wynn Palace Adjusted Property EBITDAR rose $44.3 million, or 28.2%, to $201.5 million, driven in part by mass-market…
• Quarterly Dividend DeclarationImportance 10 · Surprise 6
  Wynn Resorts’ Board declared a cash dividend of $0.25 per share on August 4, 2026. The dividend is payable on August 28, 2026. Stockholders of record as of August 14, 2026 will receive the distribution.

News · 2026-08-04

• UAE Resort DevelopmentImportance 58 · Surprise 42
  Wynn Al Marjan Island, an integrated resort in Ras Al Khaimah, United Arab Emirates, is scheduled to open in September 2027. The project is expected to include the UAE’s first casino and is positioned as a new luxury…
• UAE Resort Capital ExpenditureImportance 52 · Surprise 42
  Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates, is expected to open in September 2027. The integrated resort's construction budget increased by $600 million to approximately $5.7 billion, or about $5.8…
• UAE Resort Supply ConstraintsImportance 52 · Surprise 42
  Wynn Al Marjan Island’s construction schedule has been affected by regional conflict, material-cost inflation, shipping-cost increases, and an extended construction timeline. These disruptions contributed to a US$600…
• UAE Resort Cost IncreaseImportance 52 · Surprise 42
  Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates, is now expected to open in September 2027 after a modest delay attributed to the Middle East conflict. The project’s construction budget increased by $600…
• Macau Market Demand TrendsImportance 41 · Surprise 48
  Wynn’s Macau operations were the primary growth driver in the second quarter, with Wynn Palace revenue increasing 21.1% year over year. Wynn Macau Ltd. reported a 13.7% year-over-year increase in operating revenue to…
• Macau Expansion PlanImportance 40 · Surprise 42
  Wynn plans to begin construction on the Enclave at Wynn Palace in late 2026. The company also expects to open a new hotel at Wynn Palace in Macau in 2029. These projects represent continued capital investment in Macau…
• Revenue Performance and MixImportance 31 · Surprise 32
  Wynn Resorts reported second-quarter 2026 operating revenue of $1.86 billion, up $119.1 million, or 6.9%, from $1.74 billion in the second quarter of 2025. Wynn Palace revenue in Macau increased 21.1% year over year,…
• Dividend DeclarationImportance 13 · Surprise 6
  Wynn Resorts declared a quarterly dividend of $0.25 per share following its second-quarter 2026 results. The dividend was announced alongside revenue of $1.86 billion and net income of $140.1 million. Third-party…