WYNN · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

WYNN RESORTS LTD · 2026-11-05 · Importance 43 · Surprise 32

Third-quarter 2026 operating revenue fell 7.9% to $1.689 billion, as casino revenue declined $124.2 million (10.6%) amid lower gaming volumes across all properties. Macau Operations revenue fell 8.2% to $919.2 million, Las Vegas Operations fell 7.4% to $575.2 million, and Encore Boston Harbor fell 8.1% to $194.7 million. For the first nine months, revenue rose 2.5% to $5.403 billion; Macau Operations increased 5.9% to $2.913 billion, including Wynn Palace growth of 10.8% to $1.897 billion, while Las Vegas declined 0.2% and Encore Boston Harbor declined 4.2%. Nine-month casino revenue rose 4.2% to $3.403 billion, increasing to 63.0% of revenue from 62.0%; non-casino revenue declined 0.3% to $2.000 billion.

Key facts

• Fees payable by Wynn Macau SA to Wynn Resorts, Limited under its intellectual property license agreement are capped at $150.0 million for the year ending December 31, 2026. source
• Third-quarter 2026 operating revenues decreased $144.694 million (7.9%), primarily because casino revenues decreased $124.2 million amid lower gaming volumes across all properties. source
• Third-quarter 2026 casino revenues were 62.2% of operating revenues, compared with 64.1% in the third quarter of 2025; non-casino revenues were 37.8%, compared with 35.9%. source
• Third-quarter 2026 room revenues decreased $9.0 million, primarily because fewer rooms were available at Las Vegas Operations due to room remodels. source
• Third-quarter 2026 casino revenues decreased primarily because gaming volumes were lower across all properties. source