Wynn Resorts' latest financial report shows that in the fourth quarter of 2025, the Macau business did not meet expectations in terms of profit and EBITDAR due to a low win rate. Despite a significant increase in betting amounts by high-end players, it did not fully translate into revenue. Fortunately, the newly upgraded Chairman's Club at Wynn Palace opened before the Spring Festival, hoping to make a comeback in the first quarter of 2026. Meanwhile, the Wynn Al Marjan Island project is progressing smoothly, with room pre-sales expected to start by the end of the third quarter of 2026, attracting a large number of high-net-worth clients. In plain terms, Wynn is relying on Macau VIPs to support the scene while diversifying risks with projects in the Middle East. Want to know the latest performance interpretation of the Macau gambling giants? PASA official website continues to track industry financial reports and strategic movements.
1. Wynn Macau: Increase in VIP volume but low win rate, profits not meeting expectations
In the fourth quarter of 2025 financial report, Wynn admitted that the performance of its Macau business was below internal targets, mainly due to the double decline in win rates in both VIP rooms and mass market. Despite strong growth in high-end market betting volume, the lower conversion rate eroded some of the revenue. To address this situation, the newly opened Chairman's Club at Wynn Palace during the Spring Festival has expanded to nearly 100,000 square feet, designed exclusively for top clients to enhance the VIP experience and payout rates. Management expects this upgrade to have a positive impact in the first quarter of 2026.
2. Wynn Al Marjan: Sales starting in the second half of 2026, strategic placement in the Middle East
Wynn's first project in the UAE, Wynn Al Marjan Island, is progressing as planned. CEO Craig Billings revealed at the earnings call that the pre-sale window for rooms is expected to open from the end of the third quarter to the beginning of the fourth quarter of 2026. Currently, high-end players from the Middle East region have shown strong interest, and the team continues to receive inquiries about the opening date. This project is an important part of Wynn's diversified asset portfolio, with future non-US dollar market revenue expected to exceed 55%, effectively balancing the risk of fluctuations in a single market.
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This article is from "PASA-Global iGaming Leaders," a gambling industry news channel: https://t.me/pasa_news
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