Wynn Resorts Sets 2026 as Record Year for Group Business and Advances UAE Flagship Project

Wynn Resorts expects 2026 to be a record year for its business, driven by strong performance at its Las Vegas property. The company's CEO, Craig Scott Billings, highlighted the success of Wynn Las Vegas, which saw a significant increase in EBITDAR during Q2 2025. The firm is also advancing its flagship project in the UAE, with a focus on delivering a unique and luxurious experience for guests.

Wynn Resorts, Limited (NASDAQ: WYNN) reported its financial results for the second quarter ended June 30, 2025. The company's operating revenues reached $1.74 billion, a $4.9 million increase from the second quarter of 2024. Net income attributable to Wynn Resorts, Limited was $66.2 million, a decrease of $45.7 million compared to the same period last year. Adjusted Property EBITDAR was $552.4 million, a decrease of $19.3 million from the second quarter of 2024 [1].

The company's CEO, Craig Billings, highlighted the strong performance of Wynn Las Vegas, noting that it set a new second-quarter record for Adjusted Property EBITDAR in Las Vegas. While VIP hold negatively impacted results in Macau, the company generated healthy market share and significant free cash flow, supporting its continued investment in the Macau properties and its dividend program. Additionally, progress was made towards the completion of the Wynn Al Marjan Island project in the UAE, with the sixty-first floor of the tower being poured and key food and beverage partnerships and retail tenants agreements finalized [1].

Operating revenues increased in Wynn Las Vegas, Wynn Macau, and Encore Boston Harbor, while they decreased in Wynn Palace. Adjusted Property EBITDAR decreased in Wynn Palace and increased in the other properties. The company's balance sheet as of June 30, 2025, showed $1.98 billion in cash and cash equivalents, with available borrowing capacity under the WRF Revolver and WM Cayman II Revolver at $1.24 billion and $2.5 billion equivalent, respectively [1].

Wynn Resorts also announced a cash dividend of $0.25 per share, payable on August 29, 2025, and a stock repurchase program, under which the company repurchased 2,004,418 shares at an average price of $78.88 per share for an aggregate cost of $158.1 million [1].

The company expects 2026 to be a record year for its business, driven by strong performance at its Las Vegas property. The company's CEO, Craig Scott Billings, highlighted the success of Wynn Las Vegas, which saw a significant increase in EBITDAR during Q2 2025. The firm is also advancing its flagship project in the UAE, with a focus on delivering a unique and luxurious experience for guests [1].

References:
[1] https://www.nasdaq.com/press-release/wynn-resorts-limited-reports-second-quarter-2025-results-2025-08-07