Wynn Resorts reported fourth-quarter 2025 revenue of $1.87bn, compared with $1.84bn a year earlier, and net income of $100m, down from $277m. Chief executive Craig Billings said the company remained on track to open Wynn Al Marjan Island in the first quarter of 2027.
Investors can assess Wynn’s revenue and net income alongside its planned opening timetable for Wynn Al Marjan Island.
Quarter ended 30 September 2026
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Wynn Resorts CEO Billings said on the company’s third-quarter earnings call that Macau could encourage concessionaires to add hotel rooms to support non-gaming growth. He said the market has five times the Las Vegas Strip’s gaming revenue but 30% of its hotel rooms, and noted that Wynn’s contribution of up to US$170 million to a government investment fund can count towards its US$2.6 billion non-gaming commitment.
Wynn's chief executive floated the idea that Macao authorities should give concessionaires incentives to build more hotel rooms, should they want non-gaming to contribute more to the ecosystem. He was answering an analyst's question on Friday morning's earnings call about Macau's relentlessly gaming-oriented revenue mix.
Wynn Resorts chief executive Craig Billings warned Massachusetts regulators and lawmakers that further gaming expansion could undermine the state’s casino model. He cited August casino gross gaming revenue of about $101.9 million and said Massachusetts had collected about $2.53 billion in taxes and assessments since the facilities opened. Billings also pointed to sports betting, iLottery and proposed iGaming and historic horse racing machines as expanding competition.
Reportedly, the chief executives of Wynn Resorts, MGM Resorts International and Caesars Entertainment reaffirmed Las Vegas's central role in US gambling at G2E on Tuesday. The speakers included Wynn Resorts chief executive Craig Billings, MGM Resorts International chief executive Bill Hornbuckle and Caesars Entertainment chief executive Tom Reeg.
Wynn Resorts said it expects a modest delay to the opening of Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates. Chief executive Craig Billings cited logistical and shipping challenges, and said the company would provide a revised timeline in the coming months; no new opening date was given.
More than 1,300 workers at Encore Boston Harbor ratified a five-and-a-half-year collective bargaining agreement on 6 November, according to the Teamsters. The unions said the deal includes wage increases, improved benefits and working conditions; the 62-day strike coincided with a reported 22% year-on-year fall in the casino’s September gaming revenue to $46.06 million.