Wynn Resorts Reports Q3 2026 Revenue Decline Amid Las Vegas Hold and Boston Labor Disruptions
Wynn Resorts (WYNN) reported a decline in third-quarter 2026 operating revenues to $1.69 billion, down from $1.83 billion in the prior year. The decrease was primarily driven by underperformance in Las Vegas and Boston. In Las Vegas, an unfavorable table games hold percentage significantly impacted EBITDAR, while Encore Boston Harbor faced operational headwinds due to a labor strike involving 1,300 team members during September. Despite these challenges, the company maintained pricing power in high-end segments, seeing growth in RevPAR and ADR in Las Vegas. In Macau, revenue fell by 8.2% due to lower mass market win percentages, though VIP hold provided a positive contribution. Looking forward, Wynn is heavily investing in its Al Marjan Island project in the UAE, with cumulative cash contributions reaching $1.12 billion as it prepares for a September 2027 opening.
Tickers: $WYNN
Topics: Casino Performance EBITDAR Labor Strike Operating Revenue