Wynn Resorts Q2 Earnings Call Highlights

Impact · against what's priced in

WYNN faces a mixed outlook where strong organic growth in Las Vegas and Macau is offset by increased capital risk in the UAE. The $600 million budget overrun for the Al Marjan Island project creates a tangible headwind to the long-term return profile of that development.

WYNN−0.10

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In context

While Q2 EBITDA was strong in Las Vegas ($215M) and Macau ($297M), the total budget for the Al Marjan Island project increased by approximately $600 million due to regional conflict and extended timelines to September 2027.

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• earnings▲2%
• WYNN
• capex
• casinos
• ebitda
• gaming
• hospitality
• las vegas
• macau
• revpar