Wynn Resorts Limited reported a total operating revenue of $1.83 billion for the third quarter of 2025, an increase of $140.4 million from the same period last year. The net profit was $88.3 million, reversing the loss from the same period last year, reflecting overall operational improvement.
Strong Growth in Macau Operations
Revenue from Macau operations grew by 14.8% year-over-year to $1.01 billion, with adjusted property EBITDA increasing to $308 million. Revenue from Wynn Palace Hotel increased by 22.3%, casino revenue rose by 29.8%, and VIP room profits soared by 56.7%. The mass gaming sector maintained strong momentum in October and early November.
Stable Performance in the U.S. Market
Revenue from Las Vegas operations increased by $13.8 million year-over-year, while revenue from Encore Boston Harbor slightly decreased by $2.4 million. Domestic operations in the U.S. remained profitable due to strong performance in gaming and hotel sectors. The company is also advancing the construction of Wynn Al Marjan Island in the UAE, with an opening planned for 2027.
Financials and Future Outlook
The company declared a dividend of $0.25 per share, to be paid in November 2025. J.P. Morgan Securities noted that Wynn Macau's performance exceeded expectations, with an EBITDA profit margin increase of over 200 basis points. The CEO emphasized improvements in operational efficiency and market share expansion.
