Wynn Resorts Reports Strong Q1 Growth on Las Vegas and Macau Gains

Wynn Resorts started 2026 on a positive note, reporting strong gains in revenue and profit in the first quarter, helped by stronger results in its key markets of Las Vegas and Macau.

Wynn Q1 Revenue Hits $1.86B as Profit Jumps Sharply

For the three months ended March 31, the company generated $1.86 billion in operating revenue, an increase of more than $150 million from the same period a year ago. Profit attributable to the group surged to $120.5 million from $72.7 million in the first quarter of 2026. Earnings per share also rose to $1.04 from $0.69 previously.

Operational profitability also improved, with adjusted property earnings before interest, taxes, depreciation, amortization, and rent rising to $562.4 million. Much of the growth came from stronger contributions from Wynn Palace in Macau and the company’s Las Vegas properties.

Las Vegas revenue increased almost 6% year-over-year to $661.9 million. The growth was driven by improved casino activity, including table games, and an even more dramatic increase in room rates. The performance was helped by premium visitors, and it helped the company’s flagship resorts to register one of the strongest months of March ever. Occupancy dipped a little, but pricing helped offset this decline.

Wynn Palace Leads as Macau Offsets Boston Weakness

Macau operations also showed mixed but generally positive signs. Wynn Palace was the star performer with a big jump in revenue driven by stronger gaming volumes and better win rates across both VIP and mass market segments. By contrast, Wynn Macau saw flat revenues and lower profitability, affected by weaker VIP gaming.

Encore Boston Harbor was the only property to record a year-over-year decline, with both revenue and earnings down slightly versus 2025.

“Our overall results show resilience across our portfolio with ongoing market share gains in Las Vegas and stable demand in Macau,” said company leadership. They also noted strong cash generation from the Macau business as a reason for increasing the dividend.

Looking forward, Wynn Resorts continues to progress its large-scale development project on Al Marjan Island in the United Arab Emirates. Management said regional geopolitical tensions could slightly delay the project’s timeline while construction is underway. However, the long-term outlook for the destination remains positive, given its tourism infrastructure and strategic positioning.

The company returned capital to shareholders via dividends and share buybacks during the quarter, repurchasing about $54 million worth of stock. It also announced a quarterly dividend of $0.25 a share payable at the end of May.Total debt was $10.52 billion at the end of the quarter, reflecting ongoing investments and existing financial obligations.