WYNN · 10-Q · 2026Q2 · Full report

Operating Expense Trends

WYNN RESORTS LTD · 2026-08-06 · Importance 49 · Surprise 32 · In source text

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 expense increased $142.9 million, including a $120.6 million increase in gaming tax expense, while Wynn Macau casino expense increased $17.2 million, including a $7.7 million gaming tax increase. Las Vegas food and beverage expense increased $25.7 million because of new offerings, and Macau food and beverage expense increased $14.2 million because of higher cost of sales. Depreciation and amortization increased $17.6 million, or 5.7%, across all properties due to property enhancements and maintenance capital expenditures.

Key facts

• Total operating expenses for the three months ended June 30, 2026: $1,559,345 (dollars in thousands), up $86,148 or 5.8%. source
• Casino expense increased $68.1 million at Wynn Palace and $5.9 million at Wynn Macau for the three months ended June 30, 2026, which includes increases of $53.7 million and $2.2 million in gaming tax expense at Wynn Palace and Wynn Macau, respectively. source
• Property charges and other expenses for the three months ended June 30, 2026 included asset abandonments and disposals of $4.0 million at Las Vegas Operations and $1.1 million at Macau Operations, and contract termination costs of $3.3 million at Macau Operations and $1.1 million at Las Vegas Operations. source
• Interest capitalized was $17.9 million and $10.9 million in the three months ended June 30, 2026 and 2025, respectively. source

Impact estimates