{"id":777038005,"date":"2026-02-13T08:22:26","date_gmt":"2026-02-13T11:22:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777038005"},"modified":"2026-04-21T14:25:24","modified_gmt":"2026-04-21T17:25:24","slug":"wynn-macau-posts-4-4-revenue-growth-in-q4-as-ebitdar-declines","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-posts-4-4-revenue-growth-in-q4-as-ebitdar-declines","title":{"rendered":"Wynn Macau posts 4.4% revenue growth in Q4"},"content":{"rendered":"\n<p>Macau operations generated US$967.7m in quarterly revenue.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Wynn Macau<\/strong> has shared its financial results for the fourth quarter and full year 2025. Operating revenue from <strong>Macau operations reached US$967.7m<\/strong> in Q4, a 4.4 per cent increase year-on-year. Adjusted property earnings before interest, taxation, depreciation, amortisation, and rents (EBITDAR) for the three months to December 31 were US$270.9m, down 7.5 per cent.<\/p>\n\n\n\n<p>On a property basis, operating revenue from <strong>Wynn Palace<\/strong> reached US$596.4m, an increase of US$33.4m from US$562.9m. Adjusted Property EBITDAR from Wynn Palace was US$163.5m. Table games win percentage in mass market operations was 21.8 per cent, below the 26 per cent seen in the fourth quarter of 2024. VIP table games win as a percentage of turnover was 2.84 per cent, below the property&#8217;s expected range of 3.1 per cent to 3.4 per cent.<\/p>\n\n\n\n<p>Operating revenue from <strong>Wynn Macau<\/strong> was US$371.3m, up from US$363.7m for the fourth quarter of 2024. Adjusted Property EBITDAR was $107.4m. The table games win percentage in mass market operations was 17 per cent and the VIP table games win as a percentage 3.49 per cent.<\/p>\n\n\n\n<p><strong>Wynn Resorts<\/strong> reported total operating revenue of US$1.87bn, a modest year-over-year improvement, but net income attributable to the company declined to US$100m, down from US$277m in Q4 2024. Adjusted Property EBITDAR for the group decreased to US$568.8m.<\/p>\n\n\n\n<p><strong>Craig Billings<\/strong>, CEO of Wynn Resorts, said: &#8220;Our fourth quarter results reflect continued strength throughout the business and ongoing progress in our global development initiatives. The team in Las Vegas delivered another quarter of healthy EBITDA highlighted by year-on-year improvement in ADRs and strong volumes in the casino. In Macau, we saw substantial increases in both VIP turnover and mass table drop, year-on-year as well as sequentially. We also reached a significant milestone towards the completion and planned first quarter 2027 opening of <a href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-al-marjan-island-hits-major-construction-milestones\" target=\"_blank\" rel=\"noreferrer noopener\">Wynn Al Marjan Island<\/a>, having topped out the tower in the quarter.&#8221;<\/p>\n\n\n\n<p><br><\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2020\/11\/nsw-expects-over-us2b-from-gaming-tax-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/macau-sees-14-5-per-cent-rise-in-gaming-tax-for-january'>Macau sees 14.5 per cent rise in gaming tax collections for January<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Macau operations generated US$967.7m in quarterly revenue.<\/p>\n","protected":false},"author":226,"featured_media":777025769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Macau reported Q4 2025 operating revenue of US$967.7m, a 4.4% YoY increase, though Adjusted Property EBITDAR declined 7.5% to US$270.9m, with mass market win percentages below expectations despite substantial VIP turnover increases. Wynn Resorts' total operating revenue reached US$1.87bn, but net income attributable to the company decreased significantly to US$100m from US$277m in Q4 2024, while global development initiatives, including Wynn Al Marjan Island, continue to progress.","focusai_entities":"Wynn Macau, Wynn Resorts, Craig Billings","focusai_location":"Macau, Las Vegas, Al Marjan Island, United States, United Arab Emirates","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"Given the reported VIP turnover increases and mass market win rate fluctuations, what are Wynn's internal projections for Macau's GGR growth trajectory in H1 2025, specifically for its premium mass and VIP segments?"},{"label":"Capital Allocation Strategy?","query":"How will the decline in net income attributable to Wynn Resorts impact future capital allocation decisions, particularly regarding ongoing development projects like Wynn Al Marjan Island and potential M&A opportunities?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[257],"class_list":["post-777038005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777038005"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038005\/revisions"}],"predecessor-version":[{"id":777038015,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038005\/revisions\/777038015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777025769"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777038005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777038005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777038005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}