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Wynn Resorts (WYNN) guidance and outlook
Wynn Resorts' 10-Q filed Nov 5, 2026 makes 17 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 5, 2026
- • construction, regulatory and other macroeconomic or geopolitical risks associated with our current and future construction projects or co-investments in such projects;
- We typically expect our win as a percentage of turnover from these operations to be within the range of 3.1% to 3.4%.
- Our expected table games win percentage is 22% to 26%.
- Our expected table games win percentage is 18% to 22%.
- Our investing activities primarily consist of project capital expenditures and maintenance capital expenditures associated with maintaining and continually refining our world-class integrated resort properties.
- During the nine months ended September 30, 2025, we incurred capital expenditures of $188.8 million at our Las Vegas Operations, $132.4 million at Wynn Palace, $48.8 million at Wynn Macau, and $17.9 million at Encore Boston Harbor, primarily related to enhancements at our properties and maintenance capital expenditures, and $101.3 million at Corporate and other primarily related to future development projects.
- We expect to use this cash to service our WML Senior Notes, WM Cayman II Revolver, and WML Convertible Bonds, to pay dividends to shareholders of WML (of which we own approximately 71%), and to fund working capital and capital expenditure requirements at WML and our Macau Operations.
- Total project capital expenditures for the Enclave at Wynn Palace and other enhancements at our Macau Operations are expected to be between $350 million and $400 million during 2026 and between $750 million and $800 million during 2027.
- Maintenance capital expenditures at our Macau Operations are expected to be between $70 million and $80 million during 2026.
- We expect to use this cash to service our WRF Credit Facilities and the WRF Senior Notes, to pay dividends or distributions to Wynn Resorts, and to fund working capital and capital expenditure requirements as needed.
- We expect to make estimated project capital expenditures between $350 million and $375 million during 2026 and between $175 million and $200 million during 2027 related to enhancements at our Las Vegas Operations.
- We expect to make total maintenance capital expenditures at our Las Vegas Operations and Encore Boston Harbor between $90 million and $115 million, on a combined basis, during 2026.
Wynn Resorts' latest quarter
Wynn Resorts, Q3 2026: revenue $1.7B (-8% year over year), operating margin 10.6%, net earnings $17.3M, operating cash flow $96.8M. The chart follows the revenue to costs, profit and cash.
Questions
What does Wynn Resorts expect?
• construction, regulatory and other macroeconomic or geopolitical risks associated with our current and future construction projects or co-investments in such projects; We typically expect our win as a percentage of turnover from these operations to be within the range of 3.1% to 3.4%. Our expected table games win percentage is 22% to 26%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.