Wynn Resorts Ltd said its Macau operations recorded a “meaningful increase” in gaming volumes in the first quarter of 2026, with total operating revenues from subsidiary Wynn Macau Ltd rising 14.2 percent year-on-year to $989 million.
In a results release issued on Friday morning, Wynn Resorts CEO Craig Billings said the group saw “a meaningful increase in gaming volumes year-over-year alongside healthy market share” in Macau during the quarter.
Total Macau operations generated operating income of $145.3 million in the three months to March 31st, up 14.3 percent from $127.1 million a year earlier, while Adjusted Property EBITDAR increased 10.8 percent year-on-year to $279.4 million.
Wynn Palace leads revenue gains
Wynn Resorts said most of the Macau revenue increase came from Wynn Palace, where operating revenues rose 27.1 percent year-on-year to $659.3 million from $535.9 million in the prior-year quarter. Adjusted Property EBITDAR at Wynn Palace increased to $203.8 million from $161.9 million a year earlier.
“Our first quarter results reflect the strength of Wynn’s business across all of our markets,” Billings said.
According to the company, mass market table games win percentage at Wynn Palace was 26.6 percent in the first quarter, compared with 24.8 percent a year earlier. VIP table games win percentage was 3.11 percent, within the property’s expected range of 3.1 percent to 3.4 percent and above the 2.61 percent recorded in the prior-year period.
By comparison, Wynn Macau generated operating revenues of $329.9 million, largely unchanged from $330.0 million in the first quarter of 2025. However, Adjusted Property EBITDAR at the property declined to $75.6 million from $90.2 million a year earlier.
The company said mass market table games win percentage at Wynn Macau fell to 15.1 percent from 18.7 percent in the prior-year quarter, while VIP table games win percentage dropped sharply to 0.39 percent from 1.09 percent and below the property’s expected range of 3.1 percent to 3.4 percent.
Group revenue nears $1.9B
At the group level, Wynn Resorts reported total operating revenues of $1.86 billion for the first quarter of 2026, up from $1.70 billion a year earlier. Net income attributable to Wynn Resorts Ltd increased to $120.5 million from $72.7 million in the prior-year quarter. Adjusted Property EBITDAR rose to $562.4 million from $532.9 million a year earlier.
The company also announced a quarterly cash dividend of $0.25 per share, payable on May 29th, 2026 to shareholders of record as of May 18th, 2026.
Wynn Al Marjan Island remains on track
Wynn Resorts said Wynn Al Marjan Island in the United Arab Emirates (UAE) remains on track to open in 2027.
Billings said the company is “closely monitoring the broader situation in the Gulf region while taking additional precautions to ensure the safety and well-being of our team on the ground.”
During the first quarter, Wynn Resorts contributed $100.1 million in cash to the 40 percent-owned joint venture developing the integrated resort project, bringing its total cash contributions to $1.01 billion to date.
