Wynn Resorts increases Q1 revenue 9.2% to $1.9bn, net income grows 65.6%

Wynn Resorts has reported its financial results for the first quarter of 2026, having increased consolidated revenue by 9.2% for a total of $1.9bn, while the operator’s net income for the period rose 65.6% to $120.5m. 

Casino operations accounted for nearly $1.2bn of Wynn Resorts’ total revenue for Q1, equating to growth of 13.1%. Rooms and food & beverage produced an additional $290.4m and $259m, respectively, increasing 5.8% and 3.7%. Entertainment, retail and other was the only vertical to report a decrease in revenue, falling 4% to $130.1m. 

Wynn Resorts managed to increase operating income 5.2% for a total of $282.6m, despite 9.9% growth in its total operating expenses for Q1 to $1.6bn. The operator’s total adjusted property EBITDAR rose 5.5% to $562.4m. 

Wynn Palace reported an increase in revenue of 23% to $659.3m, while the property’s adjusted EBITDAR for Q1 increased 25.9% to $203.8m. Casino operations generated the most revenue with $564.9m, representing an increase of 27.1%. 

Rooms produced an additional $37.6m of revenue and grew 2.8%, while food & beverage operations accounted for $33m and rose 4.1%. Wynn Palace’s entertainment, retail and other vertical witnessed a 3% increase in revenue to $23.8m. 

At Wynn Macau, revenue remained stagnant at $329.9m, as adjusted property EBITDAR fell 16.2% for a total of $75.6m. Casino and food & beverage operations still managed to increase revenue by 0.4% and 2.5%, respectively, having generated $276.7m and $19.3m. Rooms produced $21.3m of revenue but decreased 8.5%, while entertainment, retail and other revenue grew 1.7% to $12.5m. 

Wynn Resorts’ Las Vegas operations witnessed a 5.9% revenue increase for Q1, totaling $661.9m during the quarter. The segment’s adjusted property EBITDAR rose 4.1% to $232.5m, with casino revenue accounting for $178.2m and increasing 10.7%. 

Rooms and food & beverage operations increased revenue 8.5% and 5.2%, respectively, to $212.6m and $188.7m. Entertainment, retail and other was the only vertical to report a decrease in revenue, falling 7.4% to $82.4m. 

Encore Boston Harbor faced similar results as the operator’s Wynn Macau property, as revenue decreased 1.7% to $205.7m, while adjusted EBITDAR fell 12.1% to $50.5m. Casino operations generated $157.4m of revenue but decreased 1.2%, while food & beverage revenue fell 9.6% to nearly $18m. Rooms and entertainment, retail and other produced respective increases of 0.7% and 2% for totals of $18.9m and $11.4m. 

On May 6, Wynn Resorts began considering a delay to the opening of its Wynn Al Marjan Island property in Ras Al Khaimah, citing construction disruption linked to the ongoing Middle East conflict. 

Wynn confirmed that construction had resumed after a brief pause in March, while also assessing construction materials awaiting delivery and possible alternative port routes.