Wynn Resorts Reports $1.86bn Q2 2026 Revenue and New Las Vegas Monthly EBITDAR Record
TL;DR — Wynn Resorts posted Q2 2026 revenue of $1.86bn, up $119.1m year-over-year, and a new monthly Adjusted Property EBITDAR record in Las Vegas in May. The operator set a September 2027 opening for Wynn Al Marjan Island and raised the project budget by $600m due to regional disruptions.
SCCG Take — Las Vegas and Macau results show sustained demand. External disruptions have lifted the Wynn Al Marjan Island budget by $600m, half tied directly to conflict-related effects.
Wynn Resorts reported revenues of $1.86bn for the second quarter of 2026. This figure reflects an increase of $119.1m from the second quarter of 2025. The operator set a new monthly record for Adjusted Property EBITDAR in Las Vegas in May.
Adjusted Property EBITDAR totaled $568.3m in the quarter versus $552.4m in the prior-year period. Operating revenues rose $113.8m at Wynn Palace, $7.3m at Wynn Macau, and $4.6m at the Las Vegas operations. Revenues declined $6.4m at Encore Boston Harbor.
Segment Performance
Craig Billings, CEO of Wynn Resorts, stated that the second quarter results reflect continued healthy demand dynamics throughout the business. In Las Vegas, increases in both drop and handle drove a five per cent increase in total casino revenues. RevPAR grew by three per cent and retail lease revenue rose eight per cent.
Encore Boston Harbor generated $56m of EBITDAR and set records for 2Q RevPAR and 2Q hotel revenue. Macau produced $306m in VIP normalised EBITDA. Billings noted that volumes rose with mass drop up five per cent, though third-quarter rolling volumes and mass drop have eased year-on-year due to the World Cup and seasonality.
Wynn Al Marjan Island Update
Construction at Wynn Al Marjan Island advances through interior fit-out of hotel rooms alongside mechanical, electrical and finishing work. The operator now expects the property to open in September 2027. The total project budget rises by approximately $600m, with roughly half tied to regional conflict disruptions, material cost increases, shipping cost increases and pre-opening costs linked to the extended timeline.
These details, as reported by G3 Newswire, include ongoing pre-opening hiring and operations planning. Billings confirmed that certain materials required resourcing or rerouting to maintain the construction schedule.
Reporting: G3 Newswire
Healthy Vegas and Macau demand masking a $600m UAE budget overrun — half from regional conflict disruptions.
Wynn's core properties are firing, but geopolitical risk just added $300m to their UAE project. We're watching how operators balance expansion appetite against regional instability — especially when capital costs spike mid-build. This is the friction point between growth ambition and ground-level execution risk in emerging markets.
- Q2 revenue $1.86bn, up $119.1m year-over-year; new monthly Vegas EBITDAR record in May
- Wynn Al Marjan Island opening pushed to September 2027; budget up $600m, half conflict-related
- Macau EBITDA $306m with mass drop up 5%, though Q3 volumes easing due to World Cup
SCCG angle: SCCG works with operators navigating international expansion — including partners in the UAE and Middle East. When timelines shift and budgets balloon, we connect you to local advisors, alternative supply chains, and regulatory contacts who understand real-time ground conditions. We help you de-risk the unknowns before they become $300m problems.