VIP headwinds see Wynn Macau Ltd’s 3Q26 operating revenues fall 8.2% to US$919 million

Wynn Resorts reported total operating revenues from its Macau operations – comprising its Wynn Palace and Wynn Macau integrated resorts under Hong Kong-listed subsidiary Wynn Macau Ltd – fall by 8.2% year-on-year to US$919 million in the three months to 30 September 2026. While all gaming segments suffered year-on-year declines, VIP proved to be the most challenging with a significant fall in VIP volumes echoing similar headwinds faced by operators Macau-wide. The company also reported a 5.9% increase in daily opex, which contributed to Adjusted Property EBITDA falling 17.2% versus 3Q25 and by 14.1% sequentially to US$255 million.