Wynn Resorts reports $1.86 billion revenue in Q1 2026

(AsiaGameHub) –   Wynn Resorts reported stronger financial results for the first quarter of 2026, with total revenue increasing 9.2% year-on-year to $1.86 billion.

Wynn’s net income rose to $120.5 million from $72.7 million in the same period last year, while diluted earnings per share (E.P.S.) climbed to $1.04 compared to $0.69. Adjusted Property EBITDAR grew by 5.5% to $562.4 million.

CEO Craig Billings stated that Wynn has continued to gain market share in the Las Vegas gaming sector, and its Macau casinos have shown significant improvement year-over-year in both gaming volume and market share.

Macau remained the primary growth driver for the quarter. Wynn Palace generated $659.3 million in revenue, up from $535.9 million in the prior-year quarter, with property EBITDAR reaching $203.8 million.

Revenue at Wynn Macau totaled $329.9 million for the quarter; however, lower win rates across both mass and VIP segments led to a decrease in property EBITDAR.

In Las Vegas, combined revenue for Wynn and Encore was $661.9 million, reflecting a 5.9% increase year over year, driven by stronger gaming activity and gains in market share. The segment’s adjusted Property EBITDAR stood at $232.5 million.

Encore Boston Harbor recorded revenue of $205.7 million and property EBITDAR of $50.5 million during the quarter, both showing minor declines due to reduced gaming win rates.

Additionally, Wynn announced ongoing progress on the Wynn Al Marjan Island development project in the UAE, declared a quarterly cash dividend of $0.25 per share, and completed the purchase of approximately $54 million worth of Wynn common shares during the quarter.