Wynn Resorts reported a top and bottom-line miss for the third quarter of 2026, with operating revenues declining 7.9% year-over-year to $1.69 billion. Performance was pressured by a significantly lower-than-expected hold rate in Las Vegas and generally slower market conditions across both domestic and Macau operations.
Key Highlights
- Las Vegas operations saw table games win percentage drop to 18.9%, falling significantly below the property's expected range of 22% to 26%.
- Combined Macau revenue reached $919.2 million, a decrease from the prior year as Wynn Palace revenues fell 8.1% due to broader market softness despite resilient mass-market win percentages.
- The company remains on track for the September 2027 opening of Wynn Al Marjan Island in the UAE, contributing $62.2 million to the joint venture this quarter.
- Adjusted Property EBITDAR fell 18.6% to $464.2 million, reflecting margin pressure from promotional environments and lower gaming volumes.