International casino & hospitality operator Wynn Resorts is one of the latest companies to publish its Q2 financials. The company’s report highlighted improvements, despite continued headwinds in Las Vegas.
The Company Published Its Q2 Financials
In its report, Wynn outlined operating revenues of $1.86 billion for the second quarter of 2026. This marked an increase of $119.1 million from Q2 2025. The company’s net income, on the other hand, reached $140.1 million for the period, versus net income of $66.2 million in the prior year quarter.
Wynn added that its diluted net income per share more than doubled to $1.32, compared to $0.64 in Q2 2025.
Adjusted property EBITDAR, meanwhile, stood at $568.3 million for Q2, representing a slight improvement compared to $552.4 million in Q2 2025.
In Macau, the Wynn Palace property reported revenues of $653.4 million for Q2 2026, as well as property EBITDAR of $201.5 million. Both figures represented year-on-year improvements. Wynn Macau’s operating revenues and adjusted property EBITDAR, on the other hand, reached $351.1 million and $95.5 million, respectively.
In Las Vegas, operating revenues reached $643.2 million, while adjusted property EBITDAR stood at $215.2 million. The EBITDAR figure represents a slight decline due to certain difficulties in the region. The Encore Boston Harbor property, on the other hand, reported revenue and adjusted property EBITDAR of $209.3 million and $56.1 million, respectively, with both figures highlighting declines.
Wynn Disclosed Share Buyback Progress, Announced Dividend
Other business highlights for the second quarter of the year included the fact that the company ended the quarter with $1.57 billion in cash and cash equivalents.
As of June 30, the company’s available borrowing capacity under its WRF Revolver and the WM Cayman II Revolver was $1.03 billion and $1.35 billion, respectively. The company’s outstanding debt as of that date was $10.72 billion.
During Q2, Wynn also repurchased 741,098 common shares at an average price of $101.20 apiece for a total of $75 million. Per the current share buyback program, the company can repurchase up to $326.1 million more in shares.
Additionally, Wynn Resorts declared a cash dividend of $0.25 per share, payable on August 28, 2026 to stakeholders on record as of August 14.
CEO Billings Expects the Company to Meet the Wynn Al Marjan Deadline
Wynn Resorts’ chief executive officer, Craig Billings, commented on the results. He noted that May was a particularly strong month for the company, resulting in a monthly record for adjusted property EBITDAR in Las Vegas. He was similarly pleased with the performance in Macau and said that he is proud of the hard work of the teams in the US and Macau.
After expressing his delight with the results, Billings revealed the planned month for the opening of Wynn Al Marjan Island.
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.
Craig Billings, CEO, Wynn Resorts
Speaking of which, Wynn noted that, in Q2 2026, it made a contribution of $48.1 million to the development of its UAE property.