🏗️ Property

Wynn Las Vegas

💼 Strip resort
2 stories · First covered Feb 23, 2026 · Latest 3d ago
Related: Wynn Resorts 2 Wynn Palace 2 Encore Boston Harbor 2 Capital allocation 1 Boston 1 Macau 1 Las Vegas Strip 1 Craig Billings 1 EBITDAR 1 Las Vegas Hotel Market 1 Wynn Macau 1 Non-gaming revenue 1
Owns Wynn Resorts
Competes with Las Vegas Strip
Owns Wynn Resorts
Wynn Las Vegas Coverage
Wynn Just Proved the Luxury Playbook Still Works. Most Hotels Can't Run It.
Operations Primary
3d ago

Wynn Just Proved the Luxury Playbook Still Works. Most Hotels Can't Run It.

Wynn's Las Vegas operations threw off $232 million in property EBITDAR last quarter on $662 million in revenue, and the company's net income jumped 66% year over year. The question worth asking isn't how they did it... it's what happens when everyone else tries to copy the formula without the infrastructure to deliver.

MS
Mike Storm 3 min read · 3d ago
Wynn's $592 ADR in Vegas Is the Luxury Ceiling. Everyone Else Is Fighting for the Floor.
Operations Primary
4d ago

Wynn's $592 ADR in Vegas Is the Luxury Ceiling. Everyone Else Is Fighting for the Floor.

Wynn just posted a 12.3% ADR jump in Las Vegas while its Macau margins quietly compressed and Boston slipped backward. The Q1 earnings look like a jackpot until you decompose which properties are actually generating returns for the equity holder.

JC
Jordan Chen 2 min read · 4d ago