# WYNN RESORTS LTD

Summary updated: 2026-10-02T16:01:15.178199Z
Canonical: https://finbar.com/research/companies/wynn-resorts-ltd

## Overview

Wynn Resorts Ltd. is a luxury hospitality and casino-gaming company that develops and operates integrated destination resorts, combining gaming with hotels, restaurants, entertainment, retail and other guest services. Its operating properties are in Las Vegas and Boston in the United States and Macau, China; its reported business segments are Wynn Palace, Wynn Macau, Las Vegas Operations and Encore Boston Harbor. [1](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm) [2](https://investors.wynnresorts.com/corporate-profile)

For the year ended December 31, 2025, the company reported $7.138 billion in operating revenue and 28,500 employees. Wynn describes “Only People Can Make People Happy” as a guiding philosophy for its employees. [1](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm) [3](https://www.wynnresorts.com/esg/responsibility-at-wynn)
[1](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm)[2](https://investors.wynnresorts.com/corporate-profile)[3](https://www.wynnresorts.com/esg/responsibility-at-wynn)[1](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm)[2](https://investors.wynnresorts.com/corporate-profile)[3](https://www.wynnresorts.com/esg/responsibility-at-wynn)

## Products & services

Wynn Resorts’ resorts offer luxury rooms, suites and villas alongside casino gaming, dining, retail, spa and leisure facilities, entertainment, and meeting and convention space. At Wynn Palace in Cotai, the offering includes 1,706 accommodations and a casino of approximately 468,000 square feet, with 305 table games and 693 slot machines, private gaming salons and sky casinos. The resort also has 12 dining outlets and a food hall, spa and health club, approximately 109,000 square feet of retail and 37,000 square feet of meeting and convention space. Its attractions include the Performance Lake, an immersive entertainment center and a gondola ride. [4](https://app.finbar.com/go?id=P44098575)

Wynn Macau and Encore Macau together provide 1,014 rooms and suites and approximately 294,000 square feet of casino space, including 253 table games, 911 slot machines, private gaming salons, sky casinos and a poker room. Other offerings include 11 dining outlets, two spas and health clubs, approximately 75,900 square feet of retail, 31,000 square feet of meeting and convention space, and attractions such as the Performance Lake and Tree of Prosperity show. [5](https://app.finbar.com/go?id=P60034447)

In Las Vegas, Wynn and Encore have 4,748 rooms, suites and villas; approximately 199,000 square feet of casino space with 231 table games, 1,558 slot machines, poker and a race-and-sports book; and 35 dining outlets. Their other offerings include two full-service spas, pools and cabanas, approximately 178,000 square feet of retail, 510,000 square feet of meeting and convention space, a golf course, nightclubs, a beach club and theaters. Encore Boston Harbor offers 671 rooms and suites, a casino with 172 table games, 24 poker tables and approximately 2,777 slot machines, plus 16 dining outlets, a spa, nightclub and 71,000 square feet of meeting and convention space. [6](https://app.finbar.com/go?id=P17417758)[7](https://app.finbar.com/go?id=P32198143)
[4](https://app.finbar.com/go?id=P44098575)[5](https://app.finbar.com/go?id=P60034447)[6](https://app.finbar.com/go?id=P17417758)[7](https://app.finbar.com/go?id=P32198143)

## Geographic presence

Wynn Resorts’ operating footprint is concentrated in Macau and the United States. Its Macau resorts are Wynn Palace on Cotai and Wynn Macau in downtown Macau; in the United States, it operates Wynn Las Vegas on the Las Vegas Strip and Encore Boston Harbor in Everett, Massachusetts. Wynn reports approximately 72% ownership of Wynn Macau, Ltd., which includes the two Macau resorts; it operates and, apart from certain retail space, owns Wynn Las Vegas, and holds a 50.1% interest in the retail-space joint venture there. [4](https://app.finbar.com/go?id=P44098575)[5](https://app.finbar.com/go?id=P60034447)[6](https://app.finbar.com/go?id=P17417758)[7](https://app.finbar.com/go?id=P32198143)[8](https://app.finbar.com/go?id=P150175025)

For FY2025, Macau operations represented approximately 52.1% of segment operating revenue and the Las Vegas and Encore Boston Harbor operations together represented approximately 47.9%, calculated from reported segment revenues. [1](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm) The company lists its principal executive offices in Las Vegas, Nevada. [1](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm)

Wynn also has a 40% equity interest in an unconsolidated affiliate developing Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates; this is a development exposure rather than an operating resort included in FY2025 revenue. [9](https://app.finbar.com/go?id=P150175492)
[4](https://app.finbar.com/go?id=P44098575)[5](https://app.finbar.com/go?id=P60034447)[6](https://app.finbar.com/go?id=P17417758)[7](https://app.finbar.com/go?id=P32198143)[8](https://app.finbar.com/go?id=P150175025)[9](https://app.finbar.com/go?id=P150175492)[1](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm)

## Business segments

For FY2025, Wynn Resorts reported four property-level segments: Wynn Palace and Wynn Macau, its Macau resorts; Las Vegas Operations, which includes Wynn Las Vegas, Encore and the Retail Joint Venture; and Encore Boston Harbor, an integrated resort in Everett, Massachusetts. The resorts offer gaming, hotel accommodation, retail, dining, entertainment and meeting facilities. [10](https://app.finbar.com/go?id=P789559)[11](https://app.finbar.com/go?id=P82635707)

FY2025 operating revenue was approximately $2.307 billion from Wynn Palace (32.3% of consolidated revenue), $1.411 billion from Wynn Macau (19.8%), $2.573 billion from Las Vegas Operations (36.0%) and $847 million from Encore Boston Harbor (11.9%). The two Macau segments together contributed about 52.1% of revenue. [12](https://app.finbar.com/go?id=T868116)
[10](https://app.finbar.com/go?id=P789559)[11](https://app.finbar.com/go?id=P82635707)[12](https://app.finbar.com/go?id=T868116)[12](https://app.finbar.com/go?id=T868116)[12](https://app.finbar.com/go?id=T868116)[12](https://app.finbar.com/go?id=T868116)[12](https://app.finbar.com/go?id=T868116)

## Company history

Wynn Resorts traces its origins to 2000, when Stephen A. Wynn organized a venture to acquire land and develop a Las Vegas resort. The company was incorporated in Nevada in June 2002 and completed its initial public offering that October. In 2005, Wynn Las Vegas opened as the company’s first operating resort. [13](https://investors.wynnresorts.com/node/9236/html) [14](https://www.sec.gov/Archives/edgar/data/1174922/000091205702040087/a2092048z424b4.htm) [15](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-limited-reports-fourth-quarter-results-wynn-las)

The company expanded into Macau with Wynn Macau in 2006, followed by Encore at Wynn Las Vegas in 2008 and Encore at Wynn Macau in 2010. Wynn Palace opened in Macau in 2016. In the United States, Encore Boston Harbor opened in 2019. [16](https://www.newsroom.wynnresorts.com/en/wynnmacau/wynn-macau-to-open-on-september-6--2006/s/520c267e-592d-41e0-80fc-521acdc66e8e) [17](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-limited-reports-fourth-quarter-and-year-end-2008) [18](https://www.newsroom.wynnresorts.com/en/wynnmacau/encore-at-wynn-macau-opens-today/s/f6bee334-f655-4b68-b4c4-e596afc74a96) [19](https://investors.wynnresorts.com/node/13311/html) [20](https://investors.wynnresorts.com/news-releases/news-release-details/encore-boston-harbor-now-open)

In 2018, founder Steve Wynn resigned as chairman and CEO, and Matt Maddox was appointed CEO; Craig Billings succeeded Maddox in 2022. That year, Wynn’s Macau subsidiary signed a renewed 10-year gaming concession, while the company sold Encore Boston Harbor’s real estate and retained resort operations under a lease. In 2023, Wynn announced its Wynn Al Marjan Island development in the United Arab Emirates; its Q1 2026 filing reported an expected 2027 opening. [21](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-sends-letter-shareholders-and-files-investor) [22](https://investors.wynnresorts.com/news-releases/news-release-details/statement-wynn-resorts-regarding-chief-executive-officer) [23](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-macau-signs-10-year-gaming-concession-agreement) [24](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-completes-previously-announced-17-billion-encore-boston) [25](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-al-marjan-island-unveils-design-vision-upcoming-resort-be) [26](https://app.finbar.com/go?id=P25178744)
[26](https://app.finbar.com/go?id=P25178744)[13](https://investors.wynnresorts.com/node/9236/html)[14](https://www.sec.gov/Archives/edgar/data/1174922/000091205702040087/a2092048z424b4.htm)[15](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-limited-reports-fourth-quarter-results-wynn-las)[16](https://www.newsroom.wynnresorts.com/en/wynnmacau/wynn-macau-to-open-on-september-6--2006/s/520c267e-592d-41e0-80fc-521acdc66e8e)[17](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-limited-reports-fourth-quarter-and-year-end-2008)[18](https://www.newsroom.wynnresorts.com/en/wynnmacau/encore-at-wynn-macau-opens-today/s/f6bee334-f655-4b68-b4c4-e596afc74a96)[19](https://investors.wynnresorts.com/node/13311/html)[20](https://investors.wynnresorts.com/news-releases/news-release-details/encore-boston-harbor-now-open)[21](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-sends-letter-shareholders-and-files-investor)[22](https://investors.wynnresorts.com/news-releases/news-release-details/statement-wynn-resorts-regarding-chief-executive-officer)[23](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-macau-signs-10-year-gaming-concession-agreement)[24](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-completes-previously-announced-17-billion-encore-boston)[25](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-al-marjan-island-unveils-design-vision-upcoming-resort-be)

## Sources

1. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1174922/000117492226000013/wynn-20251231.htm)
2. [investors.wynnresorts.com](https://investors.wynnresorts.com/corporate-profile)
3. [www.wynnresorts.com](https://www.wynnresorts.com/esg/responsibility-at-wynn)
4. [WYNN RESORTS LTD — Full financial report (2025 Y)](https://app.finbar.com/go?id=P44098575)
5. [WYNN RESORTS LTD — Full financial report (2025 Y)](https://app.finbar.com/go?id=P60034447)
6. [WYNN RESORTS LTD — Full financial report (2025 Y)](https://app.finbar.com/go?id=P17417758)
7. [WYNN RESORTS LTD — Full financial report (2025 Y)](https://app.finbar.com/go?id=P32198143)
8. [WYNN RESORTS LTD — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P150175025)
9. [WYNN RESORTS LTD — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P150175492)
10. [WYNN RESORTS LTD — Full financial report (2025 Y)](https://app.finbar.com/go?id=P789559)
11. [WYNN RESORTS LTD — Full financial report (2025 Y)](https://app.finbar.com/go?id=P82635707)
12. [WYNN RESORTS LTD — Full financial report (2025 Y)](https://app.finbar.com/go?id=T868116)
13. [investors.wynnresorts.com](https://investors.wynnresorts.com/node/9236/html)
14. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1174922/000091205702040087/a2092048z424b4.htm)
15. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-limited-reports-fourth-quarter-results-wynn-las)
16. [www.newsroom.wynnresorts.com](https://www.newsroom.wynnresorts.com/en/wynnmacau/wynn-macau-to-open-on-september-6--2006/s/520c267e-592d-41e0-80fc-521acdc66e8e)
17. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-limited-reports-fourth-quarter-and-year-end-2008)
18. [www.newsroom.wynnresorts.com](https://www.newsroom.wynnresorts.com/en/wynnmacau/encore-at-wynn-macau-opens-today/s/f6bee334-f655-4b68-b4c4-e596afc74a96)
19. [investors.wynnresorts.com](https://investors.wynnresorts.com/node/13311/html)
20. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/encore-boston-harbor-now-open)
21. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-sends-letter-shareholders-and-files-investor)
22. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/statement-wynn-resorts-regarding-chief-executive-officer)
23. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-resorts-macau-signs-10-year-gaming-concession-agreement)
24. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-completes-previously-announced-17-billion-encore-boston)
25. [investors.wynnresorts.com](https://investors.wynnresorts.com/news-releases/news-release-details/wynn-al-marjan-island-unveils-design-vision-upcoming-resort-be)
26. [WYNN RESORTS LTD — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P25178744)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.