Form 8-K

8-K — WYNN RESORTS LTD

Accession: 0001174922-26-000051

Filed: 2026-08-04

Period: 2026-08-04

CIK: 0001174922

SIC: 7011 (HOTELS & MOTELS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — wynn-20260804.htm (Primary)

EX-99.1 (ex991wrlq22026pressrelease.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: wynn-20260804.htm · Sequence: 1

wynn-20260804

0001174922false00011749222026-08-062026-08-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 4, 2026

WYNN RESORTS, LIMITED

(Exact name of registrant as specified in its charter)

Nevada 000-50028 46-0484987

(State or other jurisdiction

of incorporation) (Commission

File Number) (I.R.S. Employer

Identification No.)

3131 Las Vegas Boulevard South

Las Vegas, Nevada 89109

(Address of principal executive offices) (Zip Code)

(702) 770-7555

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock, par value $0.01 WYNN Nasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 4, 2026, Wynn Resorts, Limited (the "Company") issued a press release announcing its results of operations for the quarter ended June 30, 2026. The press release is furnished herewith as Exhibit 99.1. The information furnished under Items 2.02 and 7.01 of this report, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosure.

The information set forth under Item 2.02 of this report is incorporated herein by reference.

Item 8.01 Other Events.

On August 4, 2026, the Company announced that its Board of Directors declared a cash dividend of $0.25 per share, payable on August 28, 2026 to stockholders of record as of August 14, 2026.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No. Description

99.1

Press release, dated August 4, 2026, of Wynn Resorts, Limited.

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WYNN RESORTS, LIMITED

Dated: August 4, 2026 By: /s/ Craig J. Fullalove

Craig J. Fullalove

Chief Financial Officer

EX-99.1

Filename: ex991wrlq22026pressrelease.htm · Sequence: 2

Document

Exhibit 99.1

Wynn Resorts, Limited Reports Second Quarter 2026 Results

LAS VEGAS, August 4, 2026 — Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the second quarter ended June 30, 2026.

Operating revenues were $1.86 billion for the second quarter of 2026, an increase of $119.1 million from $1.74 billion for the second quarter of 2025. Net income attributable to Wynn Resorts, Limited was $140.1 million for the second quarter of 2026, compared to net income attributable to Wynn Resorts, Limited of $66.2 million for the second quarter of 2025. Diluted net income per share was $1.32 for the second quarter of 2026, compared to diluted net income per share of $0.64 for the second quarter of 2025. Adjusted Property EBITDAR(1) was $568.3 million for the second quarter of 2026, compared to Adjusted Property EBITDAR of $552.4 million for the second quarter of 2025.

"Our second quarter results, including a monthly record for Adjusted Property EBITDAR in Las Vegas in May, and strong performance in Macau, reflect continued healthy demand dynamics throughout our business. I am incredibly proud of our teams in both regions," said Craig Billings, CEO of Wynn Resorts, Limited. "Importantly, we continue to invest in both growing and diversifying our business with construction at Wynn Al Marjan Island progressing at a rapid pace. Wynn Resorts, alongside our partners in Ras Al Khaimah, are now pleased to announce that Wynn Al Marjan Island, the most exciting integrated resort to be developed in over a decade, will open its doors to guests in September of 2027."

Consolidated Results

Operating revenues were $1.86 billion for the second quarter of 2026, an increase of $119.1 million from $1.74 billion for the second quarter of 2025. For the second quarter of 2026, operating revenues increased $113.8 million, $7.3 million, and $4.6 million at Wynn Palace, Wynn Macau, and our Las Vegas Operations, respectively, and decreased $6.4 million at Encore Boston Harbor, from the second quarter of 2025.

Net income attributable to Wynn Resorts, Limited was $140.1 million for the second quarter of 2026, compared to net income attributable to Wynn Resorts, Limited of $66.2 million for the second quarter of 2025. Diluted net income per share was $1.32 for the second quarter of 2026, compared to diluted net income per share of $0.64 for the second quarter of 2025. Adjusted net income attributable to Wynn Resorts, Limited(2) was $127.5 million, or $1.24 per diluted share, for the second quarter of 2026, compared to adjusted net income attributable to Wynn Resorts, Limited of $113.3 million, or $1.09 per diluted share, for the second quarter of 2025.

Adjusted Property EBITDAR was $568.3 million for the second quarter of 2026, an increase of $15.9 million compared to Adjusted Property EBITDAR of $552.4 million for the second quarter of 2025. For the second quarter of 2026, Adjusted Property EBITDAR increased $44.3 million at Wynn Palace and decreased $19.6 million, $7.8 million, and $1.0 million at our Las Vegas Operations, Encore Boston Harbor, and Wynn Macau, respectively, from the second quarter of 2025.

Wynn Resorts, Limited also announced on August 4, 2026 that its Board of Directors declared a cash dividend of $0.25 per share, payable on August 28, 2026 to stockholders of record as of August 14, 2026.

Property Results

Macau Operations

Wynn Palace

Operating revenues from Wynn Palace were $653.4 million for the second quarter of 2026, an increase of $113.8 million from $539.6 million for the second quarter of 2025. Adjusted Property EBITDAR from Wynn Palace was $201.5 million for the second quarter of 2026, compared to $157.2 million for the second quarter of 2025. Table games win percentage in mass market operations was 29.7%, above the 22.3% experienced in the second quarter of 2025. VIP table games win as a percentage of turnover was 2.97%, below the property's expected range of 3.1% to 3.4% and above the 2.86% experienced in the second quarter of 2025.

Wynn Macau

Operating revenues from Wynn Macau were $351.1 million for the second quarter of 2026, an increase of $7.3 million from $343.8 million for the second quarter of 2025. Adjusted Property EBITDAR from Wynn Macau was $95.5 million for the second quarter of 2026, compared to $96.5 million for the second quarter of 2025. Table games win percentage in mass market operations was 17.1%, below the 17.4% experienced in the second quarter of 2025. VIP table games win as a percentage of turnover was 2.58%, below the property's expected range of 3.1% to 3.4% and below the 3.41% experienced in the second quarter of 2025.

Las Vegas Operations

Operating revenues from our Las Vegas Operations were $643.2 million for the second quarter of 2026, an increase of $4.6 million from $638.6 million for the second quarter of 2025. Adjusted Property EBITDAR from our Las Vegas Operations for the second quarter of 2026 was $215.2 million, compared to $234.8 million for the second quarter of 2025. Table games win percentage for the second quarter of 2026 was 23.9%, within the property's expected range of 22% to 26% and above the 21.8% experienced in the second quarter of 2025.

Encore Boston Harbor

Operating revenues from Encore Boston Harbor were $209.3 million for the second quarter of 2026, a decrease of $6.4 million from $215.7 million for the second quarter of 2025. Adjusted Property EBITDAR from Encore Boston Harbor for the second quarter of 2026 was $56.1 million, compared to $63.9 million for the second quarter of 2025. Table games win percentage for the second quarter of 2026 was 18.1%, within the property's expected range of 18% to 22% and below the 21.3% experienced in the second quarter of 2025.

Wynn Al Marjan Island Development

During the second quarter of 2026, the Company contributed $48.1 million of cash to the 40%-owned joint venture that is constructing the Wynn Al Marjan Island development in the UAE, bringing our life-to-date cash contributions to the project to $1.06 billion. Wynn Al Marjan Island is currently expected to open in September 2027.

Balance Sheet

Our cash and cash equivalents as of June 30, 2026 totaled $1.57 billion, excluding $527.4 million of short-term investments held by Wynn Macau, Limited ("WML"). Cash and cash equivalents is comprised of $944.8 million held by WML and subsidiaries, $393.4 million held by Wynn Resorts Finance, LLC ("WRF") and subsidiaries excluding WML, and $235.2 million held at Corporate and other. As of June 30, 2026, the available borrowing capacity under the WRF Revolver and the WM Cayman II Revolver was $1.03 billion and $1.35 billion, respectively.

Total current and long-term debt outstanding at June 30, 2026 was $10.72 billion, comprised of $5.76 billion of Macau-related debt, $877.8 million of Wynn Las Vegas debt, $3.49 billion of WRF debt, and $598.9 million of debt held by the retail joint venture which we consolidate.

Equity Repurchase Program

During the second quarter of 2026, the Company repurchased 741,098 shares of its common stock under its publicly announced equity repurchase program at an average price of $101.20 per share, for an aggregate cost of $75.0 million. As of June 30, 2026, the Company had $326.1 million in repurchase authority remaining under the equity repurchase program.

Conference Call and Other Information

The Company will hold a conference call to discuss its results, including the results of Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC, on August 4, 2026 at 1:30 p.m. PT (4:30 p.m. ET). Interested parties are invited to join the call by accessing a live audio webcast at http://www.wynnresorts.com. On or before August 14, 2026, the Company will make Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC financial information for the quarter ended June 30, 2026 available to noteholders, prospective investors, broker-dealers and securities analysts. Please contact our investor relations office at 702-770-7555 or at investorrelations@wynnresorts.com, to obtain access to such financial information.

Forward-looking Statements

This release contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from

those we express in these forward-looking statements, including, but not limited to, reductions in discretionary consumer spending, adverse macroeconomic conditions and their impact on levels of disposable consumer income and wealth, changes in interest rates, inflation, a decline in general economic activity or recession in the U.S. and/or global economies, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, geopolitical conflicts, adverse tourism trends, travel disruptions caused by events outside of our control, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development and success of new gaming and resort properties, construction and regulatory risks associated with current and future projects (including Wynn Al Marjan Island), cybersecurity risk and our leverage and ability to meet our debt service obligations. Additional information concerning potential factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as supplemented by the Company's other periodic reports filed with the Securities and Exchange Commission from time to time. The Company is under no obligation to (and expressly disclaims any such obligation to) update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures

(1) "Adjusted Property EBITDAR" is net income before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other expenses, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other expenses (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income (loss) as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, our calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

(2) "Adjusted net income attributable to Wynn Resorts, Limited" is net income attributable to Wynn Resorts, Limited before pre-opening expenses, property charges and other expenses, change in derivatives fair value, foreign currency remeasurement and other, and income taxes calculated using the specific tax treatment applicable to the adjustments based on their respective jurisdictions. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share are presented as supplemental disclosures to financial measures in accordance with GAAP because management believes that these non-GAAP financial measures are widely used to measure the performance, and as a principal basis for valuation, of gaming companies. These measures are used by management and/or evaluated by some investors, in addition to net income per share computed in accordance with GAAP, as an additional basis for assessing period-to-period results of our business. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

The Company has included schedules in the tables that accompany this release that reconcile (i) net income attributable to Wynn Resorts, Limited to adjusted net income attributable to Wynn Resorts, Limited, (ii) operating income (loss) to Adjusted Property EBITDAR, and (iii) net income attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.

WYNN RESORTS, LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 2026 2025

Operating revenues:

Casino $ 1,175,288 $ 1,051,834 $ 2,352,521 $ 2,092,264

Rooms 290,303 291,053 580,684 565,574

Food and beverage 264,344 261,057 523,363 510,936

Entertainment, retail and other 126,998 133,853 257,127 269,420

Total operating revenues 1,856,933 1,737,797 3,713,695 3,438,194

Operating expenses:

Casino 721,384 643,108 1,454,054 1,277,941

Rooms 88,569 86,042 178,360 170,139

Food and beverage 236,642 224,400 465,464 425,067

Entertainment, retail and other 51,390 58,041 111,103 120,227

General and administrative 270,115 280,815 545,319 556,504

Provision for credit losses 6,930 3,353 10,987 4,749

Pre-opening 9,232 11,286 20,977 16,573

Depreciation and amortization 165,421 152,907 325,948 308,328

Property charges and other 9,662 13,245 21,291 25,477

Total operating expenses 1,559,345 1,473,197 3,133,503 2,905,005

Operating income 297,588 264,600 580,192 533,189

Other income (expense):

Interest income 12,774 15,859 25,866 35,218

Interest expense, net of amounts capitalized (152,177) (154,551) (304,539) (312,159)

Change in derivatives fair value 43,287 (1,112) 90,057 (30,651)

Loss on debt financing transactions — (1,083) — (1,083)

Other (2,746) (36,164) (32,180) (44,538)

Other income (expense), net (98,862) (177,051) (220,796) (353,213)

Income before income taxes 198,726 87,549 359,396 179,976

Provision for income taxes (16,154) (10,588) (26,286) (21,610)

Net income 182,572 76,961 333,110 158,366

Less: net income attributable to noncontrolling interests (42,510) (10,743) (72,594) (19,401)

Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965

Basic and diluted net income per common share:

Net income attributable to Wynn Resorts, Limited:

Basic $ 1.37 $ 0.64 $ 2.53 $ 1.33

Diluted $ 1.32 $ 0.64 $ 2.36 $ 1.33

Weighted average common shares outstanding:

Basic 102,574 103,491 102,828 104,486

Diluted 102,983 103,780 103,390 104,749

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED

TO ADJUSTED NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED

(in thousands, except per share data)

(unaudited)

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 2026 2025

Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965

Pre-opening expenses 9,232 11,286 20,977 16,573

Property charges and other 9,662 13,245 21,291 25,477

Change in derivatives fair value (43,287) 1,112 (90,057) 30,651

Loss on debt financing transactions — 1,083 — 1,083

Foreign currency remeasurement and other 2,746 36,164 32,180 44,538

Income tax impact on adjustments (1,254) (3,178) (2,384) (4,854)

Noncontrolling interests impact on adjustments 10,293 (12,595) 14,663 (25,953)

Adjusted net income attributable to Wynn Resorts, Limited $ 127,454 $ 113,335 $ 257,186 $ 226,480

Adjusted net income attributable to Wynn Resorts, Limited per diluted share $ 1.24 $ 1.09 $ 2.49 $ 2.16

Weighted average common shares outstanding - diluted 102,983 103,780 103,390 104,749

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Three Months Ended June 30, 2026

Wynn Palace Wynn Macau Other Macau Total Macau Operations Las Vegas Operations Encore Boston Harbor Corporate and Other Total

Operating income (loss) $ 113,196 $ 57,548 $ (7,908) $ 162,836 $ 102,412 $ (6,365) $ 38,705 $ 297,588

Pre-opening expenses — 146 — 146 252 — 8,834 9,232

Depreciation and amortization 62,502 20,879 397 83,778 63,103 14,522 4,018 165,421

Property charges and other 1,869 2,536 3 4,408 5,134 184 (64) 9,662

Management and license fees 20,592 10,680 — 31,272 30,192 10,227 (71,691) —

Corporate expenses and other 2,245 2,281 6,765 11,291 8,309 1,746 12,863 34,209

Stock-based compensation 1,084 1,441 743 3,268 5,824 475 7,335 16,902

Triple-net operating lease rent expense — — — — — 35,295 — 35,295

Adjusted Property EBITDAR $ 201,488 $ 95,511 $ — $ 296,999 $ 215,226 $ 56,084 $ — $ 568,309

Three Months Ended June 30, 2025

Wynn Palace Wynn Macau Other Macau Total Macau Operations Las Vegas Operations Encore Boston Harbor Corporate and Other Total

Operating income (loss) $ 72,760 $ 62,988 $ (7,464) $ 128,284 $ 110,457 $ 1,047 $ 24,812 $ 264,600

Pre-opening expenses 3,004 — — 3,004 2,095 — 6,187 11,286

Depreciation and amortization 59,344 18,280 398 78,022 58,821 14,229 1,835 152,907

Property charges and other 1,115 1,233 10 2,358 8,363 1,047 1,477 13,245

Management and license fees 17,605 10,648 — 28,253 30,125 10,449 (68,827) —

Corporate expenses and other 2,045 2,079 6,137 10,261 7,594 1,585 27,006 46,446

Stock-based compensation 1,333 1,282 919 3,534 17,357 436 7,510 28,837

Triple-net operating lease rent expense — — — — — 35,066 — 35,066

Adjusted Property EBITDAR $ 157,206 $ 96,510 $ — $ 253,716 $ 234,812 $ 63,859 $ — $ 552,387

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Six Months Ended June 30, 2026

Wynn Palace Wynn Macau Other Macau Total Macau Operations Las Vegas Operations Encore Boston Harbor Corporate and Other Total

Operating income (loss) $ 225,986 $ 98,520 $ (16,407) $ 308,099 $ 215,245 $ (20,403) $ 77,251 $ 580,192

Pre-opening expenses 662 146 — 808 3,812 — 16,357 20,977

Depreciation and amortization 123,735 41,252 795 165,782 123,878 28,973 7,315 325,948

Property charges and other 5,779 2,731 10 8,520 9,793 2,667 311 21,291

Management and license fees 41,898 20,778 — 62,676 61,222 20,176 (144,074) —

Corporate expenses and other 4,790 4,950 14,057 23,797 16,416 3,579 25,227 69,019

Stock-based compensation 2,460 2,750 1,545 6,755 17,320 952 17,613 42,640

Triple-net operating lease rent expense — — — — — 70,659 — 70,659

Adjusted Property EBITDAR $ 405,310 $ 171,127 $ — $ 576,437 $ 447,686 $ 106,603 $ — $ 1,130,726

Six Months Ended June 30, 2025

Wynn Palace Wynn Macau Other Macau Total Macau Operations Las Vegas Operations Encore Boston Harbor Corporate and Other Total

Operating income (loss) $ 155,325 $ 115,730 $ (15,623) $ 255,432 $ 226,536 $ (9,688) $ 60,909 $ 533,189

Pre-opening expenses 4,204 — — 4,204 2,855 — 9,514 16,573

Depreciation and amortization 115,781 37,504 796 154,081 121,449 28,195 4,603 308,328

Property charges and other 1,823 5,439 16 7,278 9,065 6,563 2,571 25,477

Management and license fees 35,105 21,021 — 56,126 59,448 20,590 (136,164) —

Corporate expenses and other 4,251 4,394 12,887 21,532 15,488 3,273 42,734 83,027

Stock-based compensation 2,602 2,621 1,924 7,147 23,332 1,925 15,833 48,237

Triple-net operating lease rent expense — — — — — 70,455 — 70,455

Adjusted Property EBITDAR $ 319,091 $ 186,709 $ — $ 505,800 $ 458,173 $ 121,313 $ — $ 1,085,286

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO

ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 2026 2025

Net income attributable to Wynn Resorts, Limited $ 140,062 $ 66,218 $ 260,516 $ 138,965

Net income attributable to noncontrolling interests 42,510 10,743 72,594 19,401

Pre-opening expenses 9,232 11,286 20,977 16,573

Depreciation and amortization 165,421 152,907 325,948 308,328

Property charges and other 9,662 13,245 21,291 25,477

Triple-net operating lease rent expense 35,295 35,066 70,659 70,455

Corporate expenses and other 34,209 46,446 69,019 83,027

Stock-based compensation 16,902 28,837 42,640 48,237

Interest income (12,774) (15,859) (25,866) (35,218)

Interest expense, net of amounts capitalized 152,177 154,551 304,539 312,159

Change in derivatives fair value (43,287) 1,112 (90,057) 30,651

Loss on debt financing transactions — 1,083 — 1,083

Other 2,746 36,164 32,180 44,538

Provision for income taxes 16,154 10,588 26,286 21,610

Adjusted Property EBITDAR $ 568,309 $ 552,387 $ 1,130,726 $ 1,085,286

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited)

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 Percent Change 2026 2025 Percent Change

Wynn Palace Supplemental Information

Operating revenues

Casino $ 564,356 $ 448,298 25.9 $ 1,129,273 $ 892,806 26.5

Rooms 36,188 38,481 (6.0) 73,822 75,096 (1.7)

Food and beverage 31,785 30,446 4.4 64,820 62,184 4.2

Entertainment, retail and other 21,070 22,416 (6.0) 44,822 45,484 (1.5)

Total $ 653,399 $ 539,641 21.1 $ 1,312,737 $ 1,075,570 22.1

Adjusted Property EBITDAR (6)

$ 201,488 $ 157,206 28.2 $ 405,310 $ 319,091 27.0

Casino statistics:

VIP:

Average number of table games 47 52 (9.6) 49 54 (9.3)

VIP turnover $ 2,767,504 $ 4,071,052 (32.0) $ 7,083,818 $ 8,076,093 (12.3)

VIP table games win (1)

$ 82,313 $ 116,471 (29.3) $ 216,555 $ 221,003 (2.0)

VIP table games win as a % of turnover 2.97 % 2.86 % 3.06 % 2.74 %

Table games win per unit per day $ 19,174 $ 24,438 (21.5) $ 24,589 $ 22,735 8.2

Mass market:

Average number of table games 287 249 15.3 281 248 13.3

Table drop (2)

$ 1,899,985 $ 1,844,054 3.0 $ 3,871,036 $ 3,548,452 9.1

Table games win (1)

$ 563,348 $ 411,604 36.9 $ 1,087,145 $ 833,996 30.4

Table games win % 29.7 % 22.3 % 28.1 % 23.5 %

Table games win per unit per day $ 21,590 $ 18,171 18.8 $ 21,392 $ 18,566 15.2

Average number of slot machines 721 627 15.0 722 638 13.2

Slot machine handle $ 960,344 $ 757,815 26.7 $ 1,820,867 $ 1,492,685 22.0

Slot machine win (3)

$ 40,695 $ 32,482 25.3 $ 76,151 $ 61,838 23.1

Slot machine win per unit per day $ 620 $ 569 9.0 $ 582 $ 535 8.8

Room statistics:

Occupancy 98.9 % 98.7 % 99.0 % 98.5 %

ADR (4)

$ 219 $ 232 (5.6) $ 224 $ 227 (1.3)

REVPAR (5)

$ 216 $ 229 (5.7) $ 222 $ 224 (0.9)

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited) (continued)

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 Percent Change 2026 2025 Percent Change

Wynn Macau Supplemental Information

Operating revenues

Casino $ 300,726 $ 293,380 2.5 $ 577,458 $ 568,930 1.5

Rooms 20,907 21,742 (3.8) 42,227 45,039 (6.2)

Food and beverage 16,761 17,020 (1.5) 36,031 35,812 0.6

Entertainment, retail and other 12,692 11,671 8.7 25,222 23,992 5.1

Total $ 351,086 $ 343,813 2.1 $ 680,938 $ 673,773 1.1

Adjusted Property EBITDAR (6)

$ 95,511 $ 96,510 (1.0) $ 171,127 $ 186,709 (8.3)

Casino statistics:

VIP:

Average number of table games 10 21 (52.4) 11 25 (56.0)

VIP turnover $ 428,101 $ 981,735 (56.4) $ 1,013,987 $ 2,418,782 (58.1)

VIP table games win (1)

$ 11,044 $ 33,438 (67.0) $ 13,321 $ 49,152 (72.9)

VIP table games win as a % of turnover 2.58 % 3.41 % 1.31 % 2.03 %

Table games win per unit per day $ 11,576 $ 17,571 (34.1) $ 6,505 $ 10,777 (39.6)

Mass market:

Average number of table games 213 231 (7.8) 216 226 (4.4)

Table drop (2)

$ 1,751,881 $ 1,617,756 8.3 $ 3,655,442 $ 3,160,641 15.7

Table games win (1)

$ 300,200 $ 280,836 6.9 $ 588,325 $ 569,385 3.3

Table games win % 17.1 % 17.4 % 16.1 % 18.0 %

Table games win per unit per day $ 15,453 $ 13,346 15.8 $ 15,025 $ 13,916 8.0

Average number of slot machines 922 751 22.8 916 740 23.8

Slot machine handle $ 1,190,692 $ 1,009,092 18.0 $ 2,429,785 $ 1,862,499 30.5

Slot machine win (3)

$ 34,925 $ 25,193 38.6 $ 71,138 $ 49,560 43.5

Slot machine win per unit per day $ 416 $ 369 12.7 $ 429 $ 370 15.9

Room statistics:

Occupancy 99.3 % 99.4 % 99.5 % 99.2 %

ADR (4)

$ 209 $ 216 (3.2) $ 216 $ 225 (4.0)

REVPAR (5)

$ 208 $ 215 (3.3) $ 215 $ 223 (3.6)

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited) (continued)

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 Percent Change 2026 2025 Percent Change

Las Vegas Operations Supplemental Information

Operating revenues

Casino $ 158,104 $ 148,502 6.5 $ 336,295 $ 309,495 8.7

Rooms 208,132 207,981 0.1 420,693 403,849 4.2

Food and beverage 195,688 194,861 0.4 384,416 374,303 2.7

Entertainment, retail and other 81,244 87,289 (6.9) 163,673 176,271 (7.1)

Total $ 643,168 $ 638,633 0.7 $ 1,305,077 $ 1,263,918 3.3

Adjusted Property EBITDAR (6)

$ 215,226 $ 234,812 (8.3) $ 447,686 $ 458,173 (2.3)

Casino statistics:

Average number of table games 242 232 4.3 242 234 3.4

Table drop (2)

$ 638,243 $ 609,232 4.8 $ 1,323,544 $ 1,201,759 10.1

Table games win (1)

$ 152,660 $ 132,975 14.8 $ 325,065 $ 277,036 17.3

Table games win % 23.9 % 21.8 % 24.6 % 23.1 %

Table games win per unit per day $ 6,922 $ 6,300 9.9 $ 7,426 $ 6,538 13.6

Average number of slot machines 1,558 1,564 (0.4) 1,566 1,577 (0.7)

Slot machine handle $ 1,813,124 $ 1,760,253 3.0 $ 3,628,604 $ 3,538,339 2.6

Slot machine win (3)

$ 117,009 $ 123,606 (5.3) $ 237,344 $ 246,850 (3.9)

Slot machine win per unit per day $ 825 $ 868 (5.0) $ 837 $ 865 (3.2)

Poker rake $ 7,712 $ 8,103 (4.8) $ 11,511 $ 12,434 (7.4)

Room statistics:

Occupancy 87.1 % 89.2 % 86.3 % 88.3 %

ADR (4)

$ 575 $ 548 4.9 $ 583 $ 538 8.4

REVPAR (5)

$ 501 $ 489 2.5 $ 504 $ 475 6.1

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR, and REVPAR)

(unaudited) (continued)

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 Percent Change 2026 2025 Percent Change

Encore Boston Harbor Supplemental Information

Operating revenues

Casino $ 152,102 $ 161,654 (5.9) $ 309,495 $ 321,033 (3.6)

Rooms 25,076 22,849 9.7 43,942 41,590 5.7

Food and beverage 20,110 18,730 7.4 38,096 38,637 (1.4)

Entertainment, retail and other 11,992 12,477 (3.9) 23,410 23,673 (1.1)

Total $ 209,280 $ 215,710 (3.0) $ 414,943 $ 424,933 (2.4)

Adjusted Property EBITDAR (6)

$ 56,084 $ 63,859 (12.2) $ 106,603 $ 121,313 (12.1)

Casino statistics:

Average number of table games 172 172 — 172 172 —

Table drop (2)

$ 348,381 $ 338,184 3.0 $ 672,657 $ 678,246 (0.8)

Table games win (1)

$ 62,913 $ 72,016 (12.6) $ 128,336 $ 141,898 (9.6)

Table games win % 18.1 % 21.3 % 19.1 % 20.9 %

Table games win per unit per day $ 4,021 $ 4,601 (12.6) $ 4,123 $ 4,558 (9.5)

Average number of slot machines 2,570 2,718 (5.4) 2,676 2,718 (1.5)

Slot machine handle $ 1,391,561 $ 1,365,349 1.9 $ 2,736,640 $ 2,722,548 0.5

Slot machine win (3)

$ 110,444 $ 109,472 0.9 $ 220,024 $ 216,954 1.4

Slot machine win per unit per day $ 472 $ 443 6.5 $ 454 $ 441 2.9

Poker rake $ 5,530 $ 5,430 1.8 $ 10,904 $ 11,072 (1.5)

Room statistics:

Occupancy 92.7 % 92.9 % 89.3 % 90.5 %

ADR (4)

$ 445 $ 405 9.9 $ 407 $ 382 6.5

REVPAR (5)

$ 412 $ 376 9.6 $ 363 $ 346 4.9

(1)Table games win is shown before discounts, commissions and the allocation of casino revenues to rooms, food and beverage and other revenues for services provided to casino customers on a complimentary basis.

(2)In Macau, table drop is the amount of cash that is deposited in a gaming table's drop box plus cash chips purchased at the casino cage. In Las Vegas, table drop is the amount of cash and net markers issued that are deposited in a gaming table's drop box. At Encore Boston Harbor, table drop is the amount of cash and gross markers that are deposited in a gaming table's drop box.

(3)Slot machine win is calculated as gross slot machine win minus progressive accruals and free play.

(4)ADR is average daily rate and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms occupied.

(5)REVPAR is revenue per available room and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms available.

(6)Refer to accompanying reconciliations of Operating Income (Loss) to Adjusted Property EBITDAR and Net Income Attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.

SOURCE:

Wynn Resorts, Limited

CONTACT:

Lauren Seiler

702-770-7555

investorrelations@wynnresorts.com

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