WYNN · 10-Q · 2026Q2 · Full report
Capital Expenditure Outlook
WYNN RESORTS LTD · 2026-08-06 · Importance 64 · Surprise 42 · In source text
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 capitalized interest; construction is expected to start in the second half of 2026 and last 2.5 years. Macau project capital expenditures and other enhancements are expected to total $350 million to $400 million in 2026 and $750 million to $800 million in 2027, plus $70 million to $80 million of 2026 maintenance capital expenditures. Las Vegas enhancement spending is expected at $350 million to $375 million in 2026 and $175 million to $200 million in 2027, with combined Las Vegas and Encore Boston Harbor maintenance capital expenditures of $90 million to $115 million in 2026.
Key facts
- We expect to make estimated project capital expenditures between $350 million and $375 million during 2026 and between $175 million and $200 million during 2027 related to enhancements at our Las Vegas Operations. source
- Maintenance capital expenditures at our Macau Operations expected to be between $70 million and $80 million during 2026. source
- We expect total maintenance capital expenditures at our Las Vegas Operations and Encore Boston Harbor combined between $90 million and $115 million during 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -2.3% | We expect to make estimated project capital expenditures between $350 million and $375 million during 2026 and between $175 million and… |
| assets | positive | committed | +2.3% | We expect to make estimated project capital expenditures between $350 million and $375 million during 2026 and between $175 million and… |
| cash | negative | committed | -1.2% | We expect to make estimated project capital expenditures between $350 million and $375 million during 2026 and between $175 million and… |
| assets | positive | committed | +1.2% | We expect to make estimated project capital expenditures between $350 million and $375 million during 2026 and between $175 million and… |
| cash | negative | committed | -0.7% | We expect total maintenance capital expenditures at our Las Vegas Operations and Encore Boston Harbor combined between $90 million and… |
| assets | positive | committed | +0.7% | We expect total maintenance capital expenditures at our Las Vegas Operations and Encore Boston Harbor combined between $90 million and… |
| cash | negative | committed | -0.5% | Maintenance capital expenditures at our Macau Operations expected to be between $70 million and $80 million during 2026. |
| assets | positive | committed | +0.5% | Maintenance capital expenditures at our Macau Operations expected to be between $70 million and $80 million during 2026. |