The Wynn Resorts Q3 results show operating revenues down 7.9% to $1.69bn for the three months to 30 September 2026, with all four of its properties reporting lower revenue, according to the company’s results release of 5 November.
Net income attributable to Wynn Resorts dropped 80% to $17.3m, or $0.17 per diluted share, from $88.3m a year earlier. Adjusted Property EBITDAR fell 18.6% to $464.2m from $570.1m.
Wynn Resorts Q3 results by property
Las Vegas Operations posted the largest profit decline: Adjusted Property EBITDAR fell 21.9% to $158.8m on revenue down $45.8m to $575.2m. Table games win percentage in Las Vegas was 18.9%, below the property’s expected range of 22% to 26% and below the 23.0% recorded in the third quarter of 2025.
| Property | Revenue Q3 2026 ($m) | EBITDAR Q3 2026 ($m) | EBITDAR change y/y |
|---|---|---|---|
| Wynn Palace | 583.8 | 165.8 | -17.2% |
| Las Vegas Operations | 575.2 | 158.8 | -21.9% |
| Wynn Macau | 335.4 | 89.5 | -17.1% |
| Encore Boston Harbor | 194.7 | 50.1 | -14.2% |
Figures: Wynn Resorts, Adjusted Property EBITDAR for the three months to 30 September 2026, changes against the third quarter of 2025.
In Macau, Wynn Palace revenue fell $51.7m to $583.8m even though its mass market table win rose to 25.8% from 22.6%. Its VIP win came in at 3.82% of turnover, against 4.68% a year earlier. Wynn Macau revenue fell $30.1m to $335.4m, with mass market win down to 17.1% from 18.7%.
Encore Boston Harbor revenue dropped $17.1m to $194.7m. Its table games win of 18.9% stayed within the expected range of 18% to 22%, and the property operated through a strike that began in early September, according to Chief Executive Officer Craig Billings.
Wynn Las Vegas and our Macau properties both saw healthy demand amid slower market conditions. Wynn Las Vegas was also negatively impacted by a hold rate outside of our expected range.
Craig Billings, Chief Executive Officer, Wynn Resorts, in the results statement
Casino revenue across the group fell 10.6% to $1.05bn. For the first nine months of 2026, total operating revenues still rose 2.5% to $5.40bn from $5.27bn.
Al Marjan Island spending
Wynn Resorts put $62.2m of cash into the 40%-owned joint venture building Wynn Al Marjan Island in the UAE during the quarter, taking its contributions to date to $1.12bn. The resort is due to open in September 2027, with interior fit-out of all guest rooms under way, Billings said.
In its Macau business, Wynn Macau, Limited held $1.15bn of the group’s $1.64bn in cash and cash equivalents at 30 September. Total debt stood at $10.73bn, including $5.77bn of Macau-related debt.
Buybacks, debt and dividend
The company bought back 627,475 shares at an average of $92.61 in the quarter, for $58.1m, leaving $268.0m of repurchase authority. In September it issued $900m of 6.875% Senior Notes due 2035 and used the proceeds, with cash on hand, to redeem $900m of Wynn Las Vegas 5.250% Senior Notes due 2027.
The board declared a dividend of $0.25 per share, payable on 30 November to shareholders on record on 16 November. Wynn Resorts Finance will make its quarterly financial information available to noteholders and analysts on or before 16 November.
More company results are in our financial report section.
Source: Wynn Resorts
