Wynn Resorts Q3 net income plunges 80 per cent to US$17.3 million
Wynn Resorts reported an 80.4 per cent year-on-year drop in net income to US$17.3 million for the third quarter of 2026. Operating revenue fell 7.65 per cent to US$1.69 billion. The company declared a cash dividend of 25 US cents per share.
Wynn Resorts, the Las Vegas-based casino operator, reported an 80.4 per cent year-on-year decline in net income to US$17.3 million (HK$134.94 million) for the third quarter of 2026, according to a company announcement. The company declared a cash dividend of 25 US cents per share.
Operating revenue for the period fell 7.65 per cent to US$1.69 billion. Adjusted property earnings before interest, taxes, depreciation, amortisation and rent costs (EBITDAR) dropped 18.6 per cent to US$464.2 million.
Craig Billings, chief executive of Wynn Resorts, said: 'Wynn Las Vegas and our Macau properties both saw healthy demand amid slower market conditions. Wynn Las Vegas was also negatively impacted by a hold rate outside of our expected range.'
Billings noted that the Boston team managed well through a strike that began in early September. He added that the team at Wynn Al Marjan Island has made substantial progress with finishing works, including the interior fit-out of guest rooms, as the property moves towards a planned opening in September 2027.
Operating revenues from Wynn Palace decreased 8.1 per cent to US$583.8 million, while its adjusted property EBITDAR fell 17.2 per cent to US$165.8 million. For Wynn Macau, revenues slipped 8.2 per cent to US$335.4 million, and adjusted property EBITDAR declined 17.1 per cent to US$89.5 million.