Wynn Resorts has reported a significant drop in operating revenues, announcing a 13.3% decline, totalling US$866 million in the first quarter of 2025. The drop can be attributed to low VIP gaming hold and a fall in non-gaming revenue across both Wynn Palace and Wynn Macau properties.
Key Points
- Wynn’s total operating revenues from Macau dropped to US$866 million, a 13.3% decrease from last year.
- Wynn Palace’s operating revenues decreased by 8.7%, and Wynn Macau saw a 19.9% drop.
- The VIP gaming segment suffered from low hold and win rates, significantly impacting revenues.
- Adjusted Property EBITDAR fell by 25.9% year-on-year to US$252 million.
- Overall group-wide revenues declined by 8.7%, totalling US$1.70 billion.
Why should I read this?
If you’re keeping tabs on the Macau gaming scene or are invested in the hospitality sector, this article is a must-read! The decline in revenues for Wynn Resorts highlights major market shifts and ongoing challenges the industry faces. We’ve done the legwork, so you don’t have to—get the lowdown here!
