Wynn Resorts has reported varied financial outcomes for its Macao operations in the second quarter ending 30 June, with Wynn Macau showing growth while Wynn Palace experienced a downturn in key metrics.
Overall, Wynn Resorts’ operating revenues globally reached US$1.74 billion for the second quarter of 2025, a slight increase of US$4.9 million compared to the same period in 2024. However, net income attributable to Wynn Resorts saw a decrease to US$66.2 million from US$111.9 million in the prior year’s second quarter. Diluted net income per share also fell to US$0.64.
In Macao, operating revenues from Wynn Macau increased by US$6.5 million to US$343.8 million for the second quarter of 2025, up from US$337.3 million in the second quarter of 2024.
Adjusted property earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs (EBITDAR) for Wynn Macau also saw a slight increase to US$96.5 million from US$95.9 million.
The VIP table games win as a percentage of turnover for Wynn Macau was 3.41 percent, exceeding the property’s expected range and higher than the 2.19 percent recorded in the second quarter of 2024.
[See more: Morgan Stanley doubles Macao’s GGR growth forecast for 2025]
However, Wynn Palace’s operating revenues decreased by US$8.4 million to US$539.6 million for the second quarter of 2025, down from US$548.0 million in the comparable 2024 period. Adjusted property EBITDAR for Wynn Palace also declined significantly to US$157.2 million from US$184.5 million in the second quarter of 2024.
The VIP table games win as a percentage of turnover at Wynn Palace was 2.86 percent, below the property’s expected range of 3.1 percent to 3.4 percent and less than the 4.1 percent experienced in the second quarter of 2024.
Craig Billings, CEO of Wynn Resorts, Limited, commented on the Macao results, stating, “In Macao, while VIP hold negatively impacted results, we generated healthy market share and significant free cash flow, supporting our continued investment in the Macao properties and our dividend program.”
Wynn Resorts also announced a cash dividend of US$0.25 per share, payable on 29 August.
This article was drafted by AI before being reviewed by an editor.
