Wynn Resorts generates $1.86bn revenue for Q2, first-half net income rises 87.5%

Wynn Resorts Limited has reported its financial results for Q2 and first-half 2026, as revenue, adjusted property EBITDAR and net income attributed to the operator managed to increase for both periods. 

Billings confirms Wynn Al Marjan Island opening date

"Our second quarter results, including a monthly record for adjusted property EBITDAR in Las Vegas in May, and strong performance in Macau, reflect continued healthy demand dynamics throughout our business. I am incredibly proud of our teams in both regions," Wynn Resorts CEO Craig Billings said. 

"Importantly, we continue to invest in both growing and diversifying our business with construction at Wynn Al Marjan Island progressing at a rapid pace. Wynn Resorts, alongside our partners in Ras Al Khaimah, are now pleased to announce that Wynn Al Marjan Island, the most exciting integrated resort to be developed in over a decade, will open its doors to guests in September of 2027."

Wynn Al Marjan Island strengthened its executive team with the appointment of Andrea Aguirre-Jugueta as VP of Private Access in July, marking yet another senior leadership addition ahead of the integrated resort's planned opening.

Wynn Resorts generates positive Q2 results despite softness in Las Vegas

For Q2 2026, Wynn Resorts increased operating revenue 6.9% to $1.86bn, while adjusted property EBITDAR totaled $552.4m and rose 2.9%. Net income attributable to Wynn Resorts managed to grow by a significant 111.5% year-over-year to $140.1m. 

Wynn Palace accounted for $653.4m of the operator’s total revenue for Q2, equating to growth of 21.1%. The vertical’s adjusted property EBITDAR increased 28.2% to $201.5m, as casino operations grew revenue 25.9% to $564.4m. 

At Wynn Macau, revenue increased 2.1% to $351.1m, even while adjusted property EBITDAR decreased 1% to just over $95.5m. Casino revenue grew 2.5% to $300.7m, although room revenue fell 3.8% for a total of $20.9m. 

Las Vegas operations only managed to increase revenue by 0.7% for June to $643.2m, leading to an 8.3% decrease in adjusted property EBITDAR to $215.2m. Despite the small increase in total revenue, casino operations in Las Vegas still grew 6.5% to $158.1m for Wynn Resorts. 

Encore Boston Harbor failed to replicate the revenue success of its fellow properties, however, reporting a decrease of 3% to $209.3m. Along with the fall in revenue, adjusted property EBITDAR for the Wynn Resorts vertical decreased 12.2% to $56.1m. Casino operations revenue fell 5.9% to $152.1m, offsetting a 9.7% increase in rooms revenue to $25.1m. 

In total, casino operations accounted for $1.18bn of the operator’s net revenue for Q2 and increased 11.7%, while food & beverage revenue rose 1.3% to $264.3m. Rooms and entertainment, retail and other revenue reported Q2 decreases of 0.3% and 5.1%, respectively, to $290m and $127m. Wynn Resorts’ operating income during Q2 totaled $297.6m, representing growth of 12.5%. 

Wynn Palace shines during H1 2026

Wynn Resorts reported $3.71bn of operating revenue for H1 2026, equating to an increase of 8% year-over-year. Casino operations generated the most revenue for H1 after increasing 12.4% to $2.35bn, while rooms revenue grew 2.7% for a total of $580.7m. 

Food and beverage revenue also managed to increase from the prior year period, rising 2.4% to $523.4m, although Wynn Resorts’ results for H1 were partially offset by a 4.6% decrease in retail, entertainment and other revenue to $257.1m. 

Wynn Resorts operating income for the first-half period rose 8.8% to $580.2m, while the operator’s adjusted property EBITDAR during the period increased 4.2% to $1.13bn. 

Highlighting the most growth witnessed for H1 was Wynn Palace, which increased total revenue and adjusted property EBITDAR 22.1% and 27%, respectively, to $1.08bn and $405.3m. Casino operations led the way after generating $1.13bn of revenue, equating to growth of 26.5%. 

Wynn Macau witnessed softer results, as revenue increased by just 1.1% to $680.9m, while adjusted property EBITDAR fell 8.3% to $171.1m. The vertical’s casino revenue grew 1.5% to $577.5m, but rooms revenue decreased 6.2% to $42.2m. 

In Las Vegas, Wynn Resorts reported a revenue increase of 3.3% to $1.31bn, even while adjusted property EBITDAR decreased 2.3% for a total of $447.7m. Casino operations revenue grew 8.7%, however, to $336.3m, while rooms revenue increased 4.2% to account for $420.7m. 

Much like the Q2 period, Encore Boston Harbor witnessed decreases in both revenue and adjusted property EBITDAR, falling 2.4% and 12.1%, respectively, to $414.9m and $106.6m. Casino revenue decreased 3.6% to $309.5m, but rooms revenue actually increased 5.7% to $43.9m.