Wynn Macau: Parent Wynn Resorts Posts Q2 FY2026 Macau Revenue of USD 1.00 Billion; Wynn Palace Drives 21% Top-Line Growth

Bulletin Express08-05 06:45

Hong Kong-listed Wynn Macau Limited (01128) released key extracts from the unaudited second-quarter and first-half FY 2026 results of its 72% shareholder, NASDAQ-listed Wynn Resorts, Limited. The disclosure focuses on the Group’s Macau operations—Wynn Palace and Wynn Macau.

Macau Operating Performance – Q2 FY 2026 • Aggregate operating revenue from the two Macau resorts reached USD 1.00 billion, up 17.9% year on year. • Adjusted Property EBITDAR rose 17.1% to USD 297.00 million.

1) Wynn Palace – Revenue: USD 653.40 million, up 21.10% (USD 113.80 million). – Adjusted Property EBITDAR: USD 201.49 million, up 28.20% (USD 44.28 million). – Mass-market table win rate surged to 29.7% (Q2 FY 2025: 22.3%); VIP win rate slipped to 2.97% (below the 3.1%–3.4% expected range).

2) Wynn Macau – Revenue: USD 351.09 million, up 2.10% (USD 7.27 million). – Adjusted Property EBITDAR: USD 95.51 million, down 1.00% (-USD 1.00 million). – Mass-market table win rate moderated to 17.1% (Q2 FY 2025: 17.4%); VIP win rate fell to 2.58% (Q2 FY 2025: 3.41%).

First-Half FY 2026 Snapshot (Jan–Jun) • Wynn Palace: Revenue USD 1.31 billion (+22.10%); EBITDAR USD 405.31 million (+27.00%). • Wynn Macau: Revenue USD 680.94 million (+1.10%); EBITDAR USD 171.13 million (-8.30%). • Combined Macau EBITDAR for H1 FY 2026 totaled USD 576.44 million, up 14.0% year on year.

Gaming Metrics – Q2 Highlights Wynn Palace – Mass-table win USD 563.35 million (+36.9%); mass tables per-day win USD 21,590 (+18.8%). – VIP turnover contracted 32.0% to USD 2.77 billion; VIP win USD 82.31 million (-29.3%). – Slot handle climbed 26.7% to USD 960.34 million; slot win USD 40.70 million (+25.3%).

Wynn Macau – Mass-table win grew 6.9% to USD 300.20 million; per-day win +15.8% to USD 15,453. – VIP turnover slid 56.4% to USD 428.10 million; VIP win USD 11.04 million (-67.0%). – Slot handle increased 18.0% to USD 1.19 billion; slot win USD 34.93 million (+38.6%).

Liquidity and Capital Structure (Group) As at 30 June 2026, cash and cash equivalents stood at USD 1.57 billion, including USD 944.80 million at Wynn Macau and subsidiaries. Total debt was USD 10.72 billion, of which USD 5.76 billion related to Macau.

Management Commentary Wynn Resorts CEO Craig Billings cited “continued healthy demand dynamics” across Las Vegas and Macau, noting a monthly record for Las Vegas Adjusted Property EBITDAR in May and “strong performance in Macau.”

Cautionary Note The figures are prepared under U.S. GAAP, unaudited, and may not be directly comparable to Wynn Macau’s IFRS-based financial statements. Investors are advised to interpret the data accordingly and exercise caution in dealing in the company’s securities.

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