Wynn Resorts Ltd

WYNN: XNAS (USA)

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Wynn Earnings: Las Vegas Delivers Solid Performance but Investments Abroad Support Brand Prowess

Dan Wasiolek

Aug 8, 2025

In the second quarter, Wynn's Las Vegas EBITDA expanded 20 basis points to 36.8% on higher revenue per available room and daily rates, as well as controlled operating expense per-day growth of just 1%. Macao had 300 basis points of EBITDA compression, weighed on by lower VIP and mass hold rates.

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Wynn Resorts Ltd

Wynn Earnings: Las Vegas Delivers Solid Performance but Investments Abroad Support Brand Prowess

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