Wynn Resorts, LimitedNasdaq: WYNN

No material news in the last 48 hours.

No material news in the last 48 hours.

No material news in the last 48 hours.

Wynn Resorts revealed during its Q1 2026 earnings call that it will invest up to $950 million to build The Enclave, a new 432-room all-suite hotel in Macau directly adjacent to and connecting with the east entrance of Wynn Palace. Construction is set to begin in H2 2026 with a 2029 opening targeted. The capex announcement followed Q1 2026 results showing revenue of $1.86B (up 9.2% YoY) and diluted EPS of $1.04, with Macao revenue up 14.2% and Las Vegas up 5.9%. Vegas hotel RevPAR rose nearly 10% YoY though adjusted EBITDAR margin contracted to 30.3% from 31.3% on labor pressures. Multiple analysts (Wells Fargo, Morgan Stanley, Deutsche Bank, JPMorgan) lowered price targets in May. Macau gaming volumes are recovering with mass-market revenue up 17-20% MoM during May Golden Week.

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Wynn Resorts revealed plans to invest up to $950M in a new all-suite hotel called The Enclave in Macau, adjacent to Wynn Palace, with construction beginning H2 2026 and opening by 2029. Q1 2026 revenue rose 9.2% YoY to $1.86B, with Las Vegas RevPAR up 10% YoY and adjusted EPS of $1.25 beating estimates. However, adjusted EBITDAR margin fell to 30.3% from 31.3% amid Vegas labor pressures, prompting price target cuts from Wells Fargo, Deutsche Bank, JPMorgan, Morgan Stanley, and Mizuho. Macau Golden Week showed strong recovery with mass-market revenue up 17-20% MoM. Shareholders re-elected directors on May 6 and a $0.25 quarterly dividend was affirmed.

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Wynn Resorts reported Q1 2026 revenue of $1.86 billion (up 9.2% YoY) with EPS of $1.04 versus $0.69 a year earlier, driven by 14.2% Macao and 5.9% Las Vegas growth. Adjusted EBITDAR margin slipped to 30.3% from 31.3% amid Las Vegas labor cost pressures, prompting Wells Fargo to lower its price target to $142 from $144 and Deutsche Bank to $137 from $144. The company announced plans to invest up to $950 million in The Enclave, a 432-room all-suite luxury hotel adjacent to Wynn Palace in Macau, with construction starting H2 2026 and opening targeted for 2029. Shareholders re-elected three Class III directors at the May 6 annual meeting, and the board declared a $0.25 quarterly dividend payable May 29 to holders of record May 18. Consensus rating remains Moderate Buy with a $140.29 average target implying ~37% upside. The stock closed at $95.42 on May 15.

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No material news in the last 48 hours.

Wynn Resorts reported Q1 2026 total revenues of $1.86 billion, up 9.2% YoY, with diluted EPS of $1.04 up 50.7% and net income to common shareholders up 65.6% to $120.5 million. Adjusted EPS of $1.25 marginally missed forecast $1.26, but revenue beat expectations of $1.82 billion by 2.2%. Revenue growth was driven by 14.2% growth in Macao and 5.9% in Las Vegas, though adjusted EBITDAR margin declined to 30.3% from 31.3% amid Vegas labor pressures. The company announced a $900M-$950M capex commitment for its new Enclave project in Macau with 2027-plus construction timeline. WYNN announced a $0.25 dividend with May 18 ex-date. Repurchased $53.8M in Q1 and $30.6M more in Q2. Year-to-date shares down 14.9%. Consensus is Moderate Buy with $140.29 price target.

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No material news in the last 48 hours.

Wynn Resorts announced a major capital project on May 7, 2026, committing $900-$950 million to build The Enclave, a 432-suite all-suite hotel tower at Wynn Palace in Macau, which will increase room capacity by 25% and suite count by 50%. Construction begins in H2 2026 with a planned 2029 opening. Wynn delivered Q1 2026 EPS of $1.25 beating $1.18 consensus, with total revenues up 9.2% YoY to $1.86 billion led by 14.2% Macau growth and 5.9% Las Vegas growth. Diluted EPS rose 50.7% to $1.04 and net income climbed 65.6% to $120.5 million. However, adjusted EBITDAR margin compressed to 30.3% from 31.3% amid Las Vegas labor pressures. The board declared a $0.25 quarterly dividend payable May 29. The Wynn Al Marjan UAE resort is now delayed to 2027 due to geopolitical/logistical issues. Shares traded near $102.42, well below the $140.29 consensus price target. Risk: Macau capex execution and Vegas margin compression.

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No material news in the last 48 hours.

Wynn Resorts reported Q1 2026 results on May 7 with revenues of $1.86B (up 9.2% YoY) and diluted EPS of $1.04 (up 50.7%), beating revenue estimates by 2.2% though slightly missing EPS. Las Vegas RevPAR rose 10% to $506 and ADR rose 12% to $592. The company announced a planned $900-950M investment in The Enclave, a new all-suite hotel tower at Wynn Palace in Macau, set to begin construction H2 2026 with opening targeted for 2029. Wynn confirmed a modest delay in its $5.1B Wynn Al Marjan UAE resort opening following the US-Israeli war with Iran (started Feb 28, ceasefire April 8). The board declared a $0.25 quarterly dividend payable May 29. Multiple analysts cut PTs: Wells Fargo to $142, Deutsche Bank to $137, JPMorgan to $135, Barclays to $139.

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Wynn Resorts reported Q1 2026 operating revenues of $1.86B (+$156.4M from prior year) with net income of $120.5M vs. $72.7M prior year. Diluted EPS was $1.04 (beat estimates of $0.97). Las Vegas properties achieved best March in history with operating revenue of $661.9M (+5.9%). Wynn Palace revenue grew $123.4M to $659.3M with adjusted property EBITDAR of $203.8M. Board declared $0.25/share dividend. Contributed $100.1M to Wynn Al Marjan Island. Stock down 1.73% post-earnings; price targets cut to $139 (Barclays) and $132 (Citi).

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