WYNN · 10-Q · 2026Q3 · Full report

Operating Expense Trends

WYNN RESORTS LTD · 2026-11-05 · Importance 30 · Surprise 32

Nine-month operating expenses increased 4.9% to $4.644 billion, a $216.1 million rise, led by a $144.9 million increase in casino expense and a $31.6 million increase in depreciation and amortization. Wynn Palace casino expense increased $128.8 million, primarily because of higher gaming tax expense; food and beverage expense rose $23.3 million in Las Vegas and $15.5 million in Macau. Depreciation and amortization increased across all properties because of property enhancements and maintenance capital expenditures. Third-quarter property charges and other expenses rose to $22.0 million from $6.2 million, including $15.5 million of Macau asset abandonments and disposals and $3.3 million of Las Vegas contract termination costs.