ES
IT
PT
DE
NL
Operator provides September 2027 opening date for Wynn Al Marjan Island
Wynn Resorts has reported revenues of $1.86bn for the second quarter of 2026, an increase of $119.1m from the second quarter of 2025, with a new monthly record for Adjusted Property EBITDAR in Las Vegas in May.
For the second quarter of 2026, operating revenues increased $113.8m at Wynn Palace, $7.3m at Wynn Macau, and $4.6m at the company’s Las Vegas operations. Revenues fell by $6.4m at Encore Boston Harbor, from the second quarter of 2025. Adjusted Property EBITDAR was $568.3m for the second quarter of 2026, compared to Adjusted Property EBITDAR of $552.4 m for the second quarter of 2025.
“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 Craig Billings, CEO of Wynn Resorts, Limited. “Importantly, we continue to invest in both growing and diversifying our business with construction at Wynn Al Marjan Island progressing at a rapid pace. Wynn Resorts, alongside our partners in Ras Al Khaimah, are now pleased to announce that Wynn Al Marjan Island, the most exciting integrated resort to be developed in over a decade, will open its doors to guests in September of 2027.”
“In Las Vegas, we saw impressive increases in both drop and handle, driving a five per cent increase in total casino revenues. We were also pleased to grow RevPAR by three per cent and saw retail lease revenue up eight per cent during the quarter. More recently, the business has seen solid volumes and increases in both slot revenues and RevPAR, though we experienced unusually low hold in the month of July.
“Looking ahead, we remain positive about the business in Las Vegas. We are currently on track for another strong F1 weekend and pacing ahead of last year in our transient and leisure business for that event. On the group and convention side, we saw the forward booking pace accelerate as July progressed, and the business looks strong heading into both Q4 and 2027.”
Encore Boston Harbor generated $56m of EBITDAR, with the second quarter setting records for both 2Q RevPAR and 2Q hotel revenue.
Billings added: “Slots also remained an area of strength with revenues up one per cent. More recently, demand in Boston has remained healthy with slot handle running slightly ahead of last year. In Macau, the team delivered particularly solid results in the quarter. The business generated $306m in VIP normalised EBITDA, with unfavourable VIP hold negatively impacting us by nearly $9m.
“Volumes were up nicely in the quarter, with mass drop up five per cent. So far, in the third quarter, rolling volumes and mass drop were down slightly year-on-year as we absorb the now well-publicised impact of the World Cup, coupled with usual seasonality. We saw drop pickup in the back half of July as the region entered the summer holiday season, and those improving trends continued into early August.”
Shifting to Wynn Al Marjan Island, Billings said construction is progressing rapidly.
“We are now actively progressing through the interior fit-out of the hotel rooms, with mechanical, electrical and finishing work all moving along in sequence. In addition to construction, pre-opening hiring and operations planning are advancing very well,” he said. “As development of Wynn Al Marjan Island progresses, regional conflict-related disruptions initially impacted global supply chains and continue to impact the shipping insurance markets. This has required certain materials and equipment to be resourced, rerouted or expedited to ensure the project’s construction timeline. In addition, we experienced certain other disruptions associated with the movement of staff and consultants and other nonrecurring issues. These disruptions have impacted both the timing and cost of the project.
“On timing, we now expect the project to open its stores to the public in September 2027. With respect to budget, we are increasing the total project budget for Wynn Al Marjan Island by approximately $600m. Of that, approximately half is directly attributable to disruption from the regional conflict, material cost increases, shipping cost increases and the pre-opening and capitalised interest costs associated with the extended construction timeline it created.
