WYNN · 10-Q · 2026Q3 · Full report
Macau Market Demand Trends
WYNN RESORTS LTD · 2026-11-05 · Importance null · Surprise 32 · In source text
Macau Operations’ third-quarter casino revenues declined 8.2% year over year to $919.2 million, with Wynn Palace down 8.6% and Wynn Macau down 9.0%. For the first nine months, Macau casino revenues increased 6.5% (calculated from the reported figures), primarily because Wynn Palace mass-market table-games win rose 19.2% to $1.55 billion; Wynn Palace slot handle also increased 15.0%. Wynn Macau’s nine-month VIP turnover fell 56.8%, while its mass-market table drop rose 10.1% and slot handle rose 21.7%.
Key facts
- At Wynn Palace, third-quarter 2026 mass-market table drop was $1,791.654 million, down 12.9%, while table games win was $462.711 million, down 0.6%; the table games win percentage was 25.8%, compared with 22.6%. source
- At Wynn Palace, third-quarter 2026 VIP turnover was $2,794.816 million, down 14.3%, and VIP table games win was $106.876 million, down 29.9%; VIP win as a percentage of turnover was 3.82%, versus 4.68%. source
- At Wynn Macau, third-quarter 2026 mass-market table drop was $1,624.967 million, down 0.5%, and table games win was $277.960 million, down 9.1%; the table games win percentage was 17.1%, versus 18.7%. source
- At Wynn Macau, third-quarter 2026 VIP turnover was $470.355 million, down 53.9%, and VIP table games win was $22.940 million, down 23.2%; VIP win as a percentage of turnover was 4.88%, versus 2.93%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -2.7% | At Wynn Palace, third-quarter 2026 VIP turnover was $2,794.816 million, down 14.3%, and VIP table games win was $106.876 million, down… |
| revenue | negative | realized | -1.6% | At Wynn Macau, third-quarter 2026 mass-market table drop was $1,624.967 million, down 0.5%, and table games win was $277.960 million, down… |
| revenue | negative | realized | -0.2% | At Wynn Palace, third-quarter 2026 mass-market table drop was $1,791.654 million, down 12.9%, while table games win was $462.711 million,… |