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SEC filingWynn Resorts reported first quarter 2026 operating revenues of $1.86 billion and net income attributable to the company of $120.5 million, up from $1.70 billion and $72.7 million respectively in the prior-year quarter, alongside a declared $0.25 per share dividend payable May 29, 2026.
Wynn Resorts’ Q1 2026 results reflect broad-based operational strength, particularly in Macau and Las Vegas, offset by softness at Wynn Macau and Encore Boston Harbor. Operating revenues grew 9.2% year-over-year to $1.86 billion, fueled by a $123.4 million increase at Wynn Palace—where mass market table games win percentage rose to 26.6% (vs. 24.8% in Q1 2025) and VIP win rate improved to 3.11%, within expected range. Las Vegas Operations contributed $36.6 million of revenue growth and delivered EBITDAR expansion of $9.1 million, supported by a 25.2% table games win rate—above both prior-year and target range. In contrast, Wynn Macau’s Adjusted Property EBITDAR fell $14.6 million year-over-year to $75.6 million, coinciding with a sharp decline in VIP win rate to 0.39% (well below its 3.1–3.4% target and prior-year 1.09%), and mass market win percentage dropping to 15.1% from 18.7%. Encore Boston Harbor saw EBITDAR fall $6.9 million despite stable table games performance. Management attributed the overall improvement to market share gains in Las Vegas, strong free cash flow generation in Macau enabling an increased Wynn Macau dividend, and disciplined capital allocation—including $53.8 million in share repurchases and continued investment in Wynn Al Marjan Island ($100.1 million contributed in Q1). The $0.25 dividend reaffirms capital return discipline. No forward guidance was provided in the release, and the absence of updated full-year outlook or quantitative targets limits forward visibility for investors.