Good morning. Expansion comes with expectations. Wynn Resorts is moving ahead with a new all-suite tower at Wynn Palace, with the $900 million project aimed at strengthening its position in Macau’s increasingly competitive premium market. The investment follows a stronger quarterly performance at Wynn Palace, where revenue climbed to $659.3 million in the first quarter. Meanwhile, Wynn Macau Ltd posted a 14.2 percent increase in quarterly revenue and cited stronger gaming volumes alongside healthy market share trends. Looking to SJM Holdings, the operator booked a $7.9 million loss following its satellite casino exit, though margins improved under the new self-operated model.
What you need to know
- Wynn plans new 432-key Enclave tower at Wynn Palace with construction set to begin in the second half of 2026.
- Wynn Macau’s 1Q26 revenue rose 14.2 percent to $989 million as gaming volumes increased, led by strong growth at Wynn Palace.
- SJM recorded a $7.9M quarterly loss as satellite casino contributions disappeared, while operating efficiency improved.
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AGB Intelligence
MACAU
Wynn Palace to add 432-suite Enclave hotel
Wynn Resorts has announced plans for a new all-suite hotel tower called the Enclave at Wynn Palace in Macau. The 432-key expansion project is expected to cost up to $950 million and begin construction in 2H26. The move comes as Macau operators continue focusing on the premium mass segment, while Wynn Palace posted strong year-on-year gains in revenue and EBITDA during the first quarter of 2026.
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