Wynn Resorts has released its financial results for the third quarter of 2025, with a major boost in revenue being seen due to ‘impressive’ growth in Macau.
This administrative region of China has become a hotspot for gambling and its economy is currently booming with gaming and casino revenue being important drivers.
The operating revenues, overall, for Wynn Resorts were $1.83 billion for the third quarter which marks an increase of $140.4 million from $1.69 billion for the third quarter of 2024. The net income attributable to Wynn Resorts was $88.3 million for the third quarter of 2025, compared to net loss attributable to Wynn Resorts of $32.1 million for the third quarter of 2024.
“Our third quarter results were marked by impressive EBITDA growth in Macau, and continued outperformance in Las Vegas,” said Craig Billings, CEO of Wynn Resorts, Limited.
“In Macau, we achieved healthy market share and saw a significant increase in mass table drop year over year. In Las Vegas, the team delivered another quarter of year over year EBITDA growth and continued to take gaming market share. We also made significant progress on the completion of Wynn Al Marjan Island, where we are now pouring concrete for the remaining few floors of the 70-story tower.”
The Wynn AI Marjan Island will be located less than 50 minutes from Dubai International Airport and it’ll span more than 60 hectares. It’s expected to open in early 2027. In the third quarter of 2025, the company contributed a massive $93.9 million of cash to the 40%-owned joint venture which brings the life-to-date cash contributions to the project to $835 million.
Wynn Resorts has continued improvement in Las Vegas revenues
While there are reports that Las Vegas is quieter than ever, Wynn Resorts saw an increase in operating revenues from the Las Vegas Operations. These were $621.0 million for the third quarter of 2025 which is an increase of $13.8 million from $607.2 million for the third-quarter of 2024.
“Adjusted Property EBITDAR from our Las Vegas Operations for the third quarter of 2025 was $203.4 million, compared to $202.7 million for the third quarter of 2024,” the financial report states.
Despite this, profits lagged behind investors’ hopes. Even with sales booming, adjusted earnings per share came in at only $0.86, short of the $1.17 analysts were hoping for, a sign that the gains didn’t fully make it to the bottom line. Still, the company managed to swing from last year’s loss.
Featured Image: Credit to WiNG on Wikimedia Commons, CC 3.0 license
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