Global gaming operator Wynn Resorts Ltd released its 2Q26 financial results early Wednesday (Asia time), with the company highlighting a 13.7% year-on-year increase in operating revenues at its Macau integrated resorts to US$1.0 billion – aided by significantly higher win rates in both the VIP and mass table games segments at Cotai flagship Wynn Palace.
Adjusted EBITDA also grew by 16.9% to US$297 million on a 29.6% margin. Compared to the March 2026 quarter, operating revenues in Q2 were 1.5% higher and Adjusted EBITDA 6.5% higher.
At Wynn Palace, operating revenues grew by 21.1% year-on-year to US$653.4 million in the June 2026 quarter, including a 25.9% increase in casino revenues to US$564.4 million. Adjusted EBITDA also grew by 28.2% to US$201.5 million. This was despite VIP turnover falling 32.0% to US$2.77 billion and VIP table games win by 29.3% to US$82.3 million. The VIP segment enjoyed a strong 2.97% win rate versus 2.83% a year earlier.
While mass table games drop showed a slight 3.0% increase to US$1.90 billion, the win rate surged from 22.3% in 2Q25 to 29.7%, resulting in a 36.9% increase in mass table win to US$563.4 million. Slot machine win also grew by 25.3% year-on-year to US$40.7 million.
At peninsula property Wynn Macau, operating revenues rose by 2.1% to US$351.1 million on a 2.5% increase in casino revenue to US$300.7 million, although Adjusted EBITDA fell by 1.0% to US$95.5 million.
The property saw a big decline in VIP, where turnover plummeted 56.4% to US$428.1 million and win by 67.0% to US$11.0 million. By contrast, mass table games drop increased by 8.3% to US$1.75 billion with win rising 6.9% to US$300.2 million. Slot win grew 38.6% to US$34.9 million.
In comments during its 2Q26 earnings call, Wynn attributed lower volumes in VIP to the impact of the World Cup, adding that volumes had shown significant improvement in late July.
On 2Q performance in Macau, Wynn Resorts CEO Craig Billings said, “Mass hold was at the higher end of the range. [Was that] some type of broad trend based on side betting activity and other things like that? We certainly are seeing more of that activity on the floor but really we just continue to stick to our knitting [in Macau]. We’re very focused on one particular customer type (premium mass) and that happens to be the customer type that is driving the market at the moment, and we continue to double down. It’s just really good management of the business there more than anything else.”
Group-wide, Wynn Resorts reported a 6.9% year-on-year increase in operating revenues in 2Q26 to US$1.86 billion, largely on the back of Macau. Net income was up 112% to US$140.1 million and Adjusted EBITDAR by 2.9% to US$568.3 million.
“Our second quarter results, including a monthly record for Adjusted Property EBITDAR in Las Vegas in May and strong performance in Macau, reflect continued healthy demand dynamics throughout our business. I am incredibly proud of our teams in both regions,” said Wynn CEO Craig Billings.
