WYNN · 10-Q · 2026Q2

WYNN RESORTS LTD

Filed 2026-08-06 · Other · View original filing on EDGAR

Ranked Events

• Al Marjan Joint Venture InvestmentImportance 72 · Surprise 74
  The company is pursuing geographic expansion through its 40% equity interest in the Al Marjan Joint Venture in Ras Al Khaimah, United Arab Emirates. The joint venture is constructing the Wynn Al Marjan Island…
• Capital Expenditures ProgramImportance 69 · Surprise 50
  The company spent $332.1 million on capital expenditures during the first six months of 2026, compared with $325.2 million in the prior-year period. Six-month property spending included $174.9 million at Las Vegas…
• Al Marjan Financing CommitmentsImportance 66 · Surprise 48
  A subsidiary of Island 3 has access to a $2.4 billion delayed-draw secured term-loan facility to finance Wynn Al Marjan Island. Wynn Resorts is not a party to the facility agreement, but it and the government of Ras Al…
• Liquidity and Debt PositionImportance 66 · Surprise 40
  Operating cash flow increased to $645.4 million for the first six months of 2026 from $538.8 million in the prior-year period, while cash, cash equivalents, and restricted cash increased $107.3 million. As of June 30,…
• Al Marjan Development InvestmentImportance 64 · Surprise 42
  Wynn Resorts contributed $48.1 million to Wynn Al Marjan Island and Janu Al Marjan Island in the second quarter of 2026, bringing life-to-date cash contributions to $1.06 billion. The company estimates its remaining…
• Capital Expenditure OutlookImportance 64 · Surprise 42
  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…
• Capital Return ProgramImportance 63 · Surprise 50
  During the first six months of 2026, the company repurchased 1,574,289 common shares for $165.5 million, including 1,269,765 shares bought under the publicly announced equity repurchase program for $128.8 million.…
• Derivative Fair Value GainsImportance 61 · Surprise 82
  The company recorded a $90.1 million derivative fair-value gain in the first six months of 2026, compared with a $30.7 million loss in the first six months of 2025. The 2026 gain included $57.6 million from foreign…
• Wynn Palace ExpansionImportance 59 · Surprise 60
  In July 2026, Palo Real Estate Company Limited and Wynn Macau SA accepted an amended Macau land concession allowing expansion of Wynn Palace on the Cotai Land. The Expanded Resort will include a new five-star hotel,…
• Acquisition / Partnership / DivestitureImportance 59 · Surprise 60
  Palo Real Estate Company Limited and Wynn Macau SA accepted an amended Macau land concession contract in July 2026. The contract permits expansion of Wynn Palace on Cotai to add a five-star hotel, theater, and event…
• Geographic Market CommentaryImportance 59 · Surprise 48
  Macau was the company's strongest geographic market, with six-month operating revenue increasing 14.0% to $1.99 billion and Wynn Palace revenue increasing 22.1%. Las Vegas Operations revenue increased 3.3%, supported…
• Macau Market Demand TrendsImportance 58 · Surprise 56
  Macau casino demand strengthened substantially, driven by higher mass-market gaming volumes at Wynn Palace and Wynn Macau. For the six months ended June 30, 2026, Wynn Palace mass-market table drop increased 9.1% to…
• Operating Expense TrendsImportance 49 · Surprise 32
  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…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter 2026 operating revenue increased 6.9% year over year to $1.857 billion, while six-month revenue increased 8.0% to $3.714 billion. Macau Operations led growth, with second-quarter revenue up 13.7% to…
• Segment ProfitabilityImportance 46 · Surprise 56
  Wynn Palace Adjusted Property EBITDAR increased $44.3 million, or 28.2%, in the second quarter and $86.2 million, or 27.0%, for the six months, primarily because of higher casino revenue despite increased gaming taxes.…
• Integrated Resort Capacity ExpansionImportance 37 · Surprise 42
  The company is developing the Enclave at Wynn Palace, a 432-key all-suite hotel tower adjacent to Wynn Palace's east entrance. Construction is expected to begin in the second half of 2026 and continue for approximately…
• New Food And Beverage OfferingsImportance 34 · Surprise 42
  New food and beverage outlets at the Las Vegas Operations generated incremental revenue during the first six months of 2026. Food and beverage revenue increased $12.4 million year over year, including a $6.8 million…
• Macau Gaming Tax ChangesImportance 32 · Surprise 24
  Macau gaming taxes materially increased operating expenses as casino revenue grew at Wynn Palace and Wynn Macau. For the quarter ended June 30, 2026, gaming tax expense increased by $53.7 million at Wynn Palace and…
• Al Marjan Resort DevelopmentImportance 31 · Surprise 42
  Wynn Al Marjan Island is under development in Ras Al Khaimah, with an expected opening in September 2027. Janu Al Marjan Island, a hotel and residential development operated by Aman Group, is expected to open in 2029.…
• Income Tax Rate ChangesImportance 28 · Surprise 30
  Income tax expense increased to $26.3 million for the first six months of 2026 from $21.6 million in the prior-year period, a 21.8% increase. Second-quarter income tax expense increased to $16.2 million from $10.6…

Revenue by Product (in thousands)

Revenue by Geography (in thousands)