Wynn Resorts reported third-quarter operating revenue of $1.69 billion, down 7.9% year on year, as results weakened across Las Vegas, Macau and Boston. Net income attributable to Wynn fell to $17.3 million from $88.3 million, while adjusted property EBITDAR declined 18.6% to $464.2 million.
UAE project remains a priority
The company continued work on its Wynn Al Marjan Island resort in the United Arab Emirates, with opening planned for September 2027. Wynn has increased its investment commitment to the project to approximately $1.12 billion. It also began construction on previously announced Macau projects, including a tower, theatre and event centre.
Operator outlook
The results highlight the effect of weaker property earnings on a major international casino group even as it pursues long-term expansion. Suppliers and commercial partners should monitor the pace of capital deployment, project timelines and the performance of Wynn’s core markets as the UAE opening approaches.