Wynn Resorts Ltd

WYNN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wynn Earnings: Investments in Macao and Las Vegas Should Support Growth Despite Al Marjan Setback

Dan Wasiolek , Aidan Kernell

Aug 5, 2026

Wynn posted second-quarter revenue growth of 7% to $1.86 billion, driven by a 14% rise in Macao and a 1% lift in Las Vegas. Total adjusted EBITDAR margin contracted 120 basis points to 30.6%, primarily reflecting planned investments in Las Vegas tied to gaming and restaurant openings last quarter.

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Wynn Resorts Ltd

Wynn Earnings: Investments in Macao and Las Vegas Should Support Growth Despite Al Marjan Setback

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