Wynn Resorts said it could not identify a single reason for the recent slowdown in Macau gaming fundamentals, while management expects the pause in spending to be temporary, according to an investor note. The company also said Wynn Al Marjan Island remains on budget and on schedule for a September 2027 opening.
Wynn’s comments give investors an account of its Macau outlook and the status of its UAE development.
Quarter ended 30 September 2026
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Wynn Macau began construction of The Enclave, a 432-key hotel tower beside Wynn Palace in Macau, during the third quarter of 2026, according to Wynn Resorts. The company estimates a 2.5-year construction period and an opening in 2029; Wynn Macau’s operating income fell 39.2% year on year to just below US$108.3m in the quarter.
Wynn Resorts chief executive Craig Billings said the company had reached a contract framework with union leaders to resolve the Encore Boston Harbor strike in Massachusetts. Union leadership recommended the agreement, and members were due to vote on it late Thursday; Billings gave no contract details.
Craig Billings, chief executive of Wynn Resorts, said on Thursday that a framework had been agreed to end the strike at Encore Boston Harbor. Union leadership recommended the agreement to the membership. Members were due to vote on ratification late Thursday, Billings told analysts on the third-quarter earnings call. Billings released no specifics of the contract.
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.
Massachusetts collected just over $11.5m in taxes from Encore Boston Harbor in September 2026, down from $14.8m a year earlier. The Massachusetts Gaming Commission called for a resolution to a labour dispute involving about 1,350 striking employees. The casino reported $46.1m in gaming revenue for the month, down more than 22% year on year.
Regulators in Massachusetts want the standoff between Encore Boston Harbor and its striking staff brought to an end. The push from the Massachusetts Gaming Commission followed a September tax payment from the casino that was its smallest in over five and a half years. Roughly 1,350 employees were on strike over pay and benefits at the time of the drop.
Wynn Resorts said it had made a proposal to the unions representing workers at Encore Boston Harbor in September and was awaiting their response. Teamsters Local 25 and UNITE HERE Local 26 said the offer fell short of their demands; the report said 1,300 workers remained on strike as the stoppage approached its 50th day.