Wynn Resorts posted stronger financial results for the first quarter of 2026, with total revenue rising 9.2% year-on-year to $1.86 billion.
Wynn’s net income rose to $120.5 million compared to $72.7 million during the corresponding time last year and diluted E.P.S. grew to $1.04 from $0.69, while adjusted Property EBITDAR increased by 5.5% to $562.4 million.
According to CEO Craig Billings, Wynn has continued to increase its share of the Las Vegas gaming market, while the performance of its casinos in Macau has improved significantly year-over-year in both gaming market volume and share.
Macau continues to be Wynn’s leading growth driver for the quarter. Wynn Palace generated $659.3 million in revenue for the quarter, compared to $535.9 million for the same quarter in the prior year, and generated property EBITDAR of $203.8 million.
Wynn Macau produced revenue of $329.9 million for the quarter, including lower win rates for both mass and VIP segments, resulting in a decline in property EBITDAR.
In Las Vegas, combined Wynn and Encore revenue for the quarter was $661.9 million, representing an increase of 5.9% year over year, primarily due to stronger gaming activity and market share gains. Adjusted Property EBITDAR for this segment was $232.5 million.
Encore Boston Harbor experienced minor revenue performance declines of $205.7 million and property EBITDAR of $50.5 million during the quarter due to lower win rates for gaming.
Wynn also announced continued progress regarding its Wynn Al Marjan Island development project in the UAE, a quarterly cash dividend of $0.25 per share, and completion of the purchase of approximately $54 million worth of Wynn common shares during the quarter.
