Wynn Macau reports mixed Q3, nine-month operating results

For the third quarter ended September 30, 2025, Wynn Macau's total operating revenues increased by 3.9% to $365,513 thousand, while Wynn Palace saw a substantial 22.3% rise to $635,472 thousand, despite a one-day closure due to Typhoon Ragasa. Wynn Palace’s casino revenues increased by 29.8% to $542,439 thousand, driven by higher mass market table games and VIP table games win, which rose by 56.7% to $152,478 thousand. However, Wynn Macau's VIP table games win declined by 31.1% to $29,873 thousand.

For the nine months ended September 30, 2025, Wynn Palace's total operating revenues grew by 3.4% to $1,711,042 thousand, with casino revenues increasing by 7.4% to $1,435,245 thousand. In contrast, Wynn Macau's total operating revenues decreased by 5.6% to $1,039,286 thousand, primarily due to lower casino revenue, which fell by 4.4% to $883,419 thousand. During this period, Wynn Macau incurred capital expenditures of $48,775 thousand.

In July 2025, WM Cayman II increased its borrowing capacity by $1.0 bn, bringing the total committed amount to $2.5 bn. Additionally, Wynn Macau paid cash dividends of HK$0.185 per share in both June and September 2025, totaling approximately $124.0 m and $125.0 m respectively.