Wynn Macau (01128.HK): Controlling Shareholder Wynn Resorts Reports Q2 Results; Wynn Palace Operating Revenue Up 21.1% to USD653.4 Million
NewTimeSpace News: Wynn Macau, Limited (stock code: 1128) issued an inside information announcement regarding the unaudited results of its controlling shareholder, Wynn Resorts, Limited, for the second quarter and first half of fiscal year 2026.
According to the announcement, Wynn Resorts, Limited, listed on NASDAQ, beneficially owns approximately 72% of the company's issued share capital as of the date of this announcement. The earnings release contains segment financial information for Wynn Resorts, Limited's Macau operations, which are owned by the company. Wynn Resorts, Limited's financial results are prepared under U.S. GAAP, which differs from the IFRS adopted by the company, and therefore the financial information in the earnings release is not directly comparable with the company's disclosed financial results.
Key highlights from the earnings release regarding the company's Macau operations:
For Q2 2026, Wynn Palace's operating revenue was USD 653.4 million, representing an increase of USD 113.8 million or 21.1% from USD 539.6 million in Q2 2025. Adjusted Property EBITDAR for Q2 2026 was USD 201.5 million, compared with USD 157.2 million in Q2 2025, up 28.2%. The mass market table games win percentage was 29.7%, higher than the 22.3% recorded in Q2 2025. The VIP table games win as a percentage of turnover was 2.97%, below the property's expected range of 3.1% to 3.4% but above the 2.86% recorded in Q2 2025.
For Q2 2026, Wynn Macau's operating revenue was USD 351.1 million, representing an increase of USD 7.3 million or 2.1% from USD 343.8 million in Q2 2025. Adjusted Property EBITDAR for Q2 2026 was USD 95.5 million, compared with USD 96.5 million in Q2 2025. The mass market table games win percentage was 17.1%, below the 17.4% recorded in Q2 2025. The 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 also below the 3.41% recorded in Q2 2025.
As of 30 June 2026, cash and cash equivalents totaled USD 1.57 billion, excluding short-term investments of USD 527.4 million held by Wynn Macau, Limited. Total outstanding current and long-term debt was USD 10.72 billion, including Macau-related debt of USD 5.76 billion.
The announcement cautioned that the financial results in the earnings release are unaudited and were not prepared or presented by the company, and the company does not represent or guarantee that the group's financial results will be the same as those presented.
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