In Q4 2025, Wynn Resorts reported EBITDA slightly above the prior-year period after normalizing for hold rates. Vegas saw healthy overall results with increased drop, handle, and ADR, despite lower RevPAR. The company remains optimistic for business in 2026, especially in Macau, where significant volume growth was reported.

Looking ahead to 2026, Wynn expects positive business outcomes with strong room night and rate growth. In Q4, EBITDAR in Boston was $57 million, with lower table hold but higher revenue performance. In Macau, despite lower-than-normal VIP hold, the team delivered $271 million in EBITDA, with strong volume growth in VIP and mass segments.

Wynn Resorts is preparing for the opening of the new Chairman’s Club floor at Wynn Palace, a 63,000 square foot addition dedicated to high-value customers. The company remains focused on optimizing revenue through a balanced approach to gaming and nongaming activities. Macau continues to be a key market for growth, with positive volume trends seen in Q4 and expected to continue in 2026.

Read more at Yahoo Finance: Wynn (WYNN) Q4 2025 Earnings Call Transcript