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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 6, 2024
 
WYNN RESORTS, LIMITED
(Exact name of registrant as specified in its charter)
 
Nevada000-5002846-0484987
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(I.R.S. Employer
Identification No.)
3131 Las Vegas Boulevard South
Las Vegas, Nevada89109
(Address of principal executive offices)(Zip Code)
                                
(702) 770-7555
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01WYNNNasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02Results of Operations and Financial Condition.
On August 6, 2024, Wynn Resorts, Limited (the "Company") issued a press release announcing its results of operations for the quarter ended June 30, 2024. The press release is furnished herewith as Exhibit 99.1. The information furnished under Items 2.02 and 7.01 of this report, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 7.01Regulation FD Disclosure.
The information set forth under Item 2.02 of this report is incorporated herein by reference.
Item 8.01Other Events.
On August 6, 2024, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on August 30, 2024 to stockholders of record as of August 19, 2024.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.Description
99.1
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  WYNN RESORTS, LIMITED
Dated: August 6, 2024 By: /s/ Julie Cameron-Doe
 Julie Cameron-Doe
 Chief Financial Officer



Exhibit 99.1
Wynn Resorts, Limited Reports Second Quarter 2024 Results

LAS VEGAS, August 6, 2024 — Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the second quarter ended June 30, 2024.

Operating revenues were $1.73 billion for the second quarter of 2024, an increase of $137.1 million from $1.60 billion for the second quarter of 2023. Net income attributable to Wynn Resorts, Limited was $111.9 million for the second quarter of 2024, compared to net income attributable to Wynn Resorts, Limited of $105.2 million for the second quarter of 2023. Diluted net income per share was $0.91 for the second quarter of 2024, compared to diluted net income per share of $0.84 for the second quarter of 2023. Adjusted Property EBITDAR(1) was $571.7 million for the second quarter of 2024, compared to Adjusted Property EBITDAR of $524.5 million for the second quarter of 2023.

"Our second quarter results, including a new second quarter record for Adjusted Property EBITDAR, reflect continued strength throughout our business. I am incredibly proud of our teams in Las Vegas, Macau and Boston," said Craig Billings, CEO of Wynn Resorts, Limited. "Importantly, we continue to invest in growing the business, with construction on Wynn Al Marjan Island in the UAE progressing at a rapid pace. During the quarter, we also finalized a transaction to acquire our pro-rata share of the land on Al Marjan Island Three, including a sizable land bank for potential future development opportunities for Wynn Resorts or for selected third parties complementary to Wynn Al Marjan."

Consolidated Results
Operating revenues were $1.73 billion for the second quarter of 2024, an increase of $137.1 million from $1.60 billion for the second quarter of 2023. For the second quarter of 2024, operating revenues increased $79.7 million, $35.7 million, $50.6 million at Wynn Palace, Wynn Macau, and our Las Vegas Operations, respectively, and decreased $9.3 million at Encore Boston Harbor, from the second quarter of 2023.

Net income attributable to Wynn Resorts, Limited was $111.9 million for the second quarter of 2024, compared to net income attributable to Wynn Resorts, Limited of $105.2 million for the second quarter of 2023. Diluted net income per share was $0.91 for the second quarter of 2024, compared to diluted net income per share of $0.84 for the second quarter of 2023. Adjusted net income attributable to Wynn Resorts, Limited(2) was $124.5 million, or $1.12 per diluted share, for the second quarter of 2024, compared to adjusted net income attributable to Wynn Resorts, Limited of $103.3 million, or $0.91 per diluted share, for the second quarter of 2023.

Adjusted Property EBITDAR was $571.7 million for the second quarter of 2024, an increase of $47.2 million compared to Adjusted Property EBITDAR of $524.5 million for the second quarter of 2023. For the second quarter of 2024, Adjusted Property EBITDAR increased $27.9 million, $6.3 million, and $6.2 million at Wynn Palace, Wynn Macau, and our Las Vegas Operations, respectively, and decreased $7.0 million at Encore Boston Harbor, from the second quarter of 2023.

Wynn Resorts, Limited also announced today that its Board of Directors has declared a cash dividend of $0.25 per share, payable on August 30, 2024 to stockholders of record as of August 19, 2024.

Property Results
Macau Operations
Wynn Palace
Operating revenues from Wynn Palace were $548.0 million for the second quarter of 2024, an increase of $79.7 million from $468.4 million for the second quarter of 2023. Adjusted Property EBITDAR from Wynn Palace was $184.5 million for the second quarter of 2024, compared to $156.6 million for the second quarter of 2023. Table games win percentage in mass market operations was 23.6%, above the 20.3% experienced in the second quarter of 2023. VIP table games win as a percentage of turnover was 4.10%, above the property's expected range of 3.1% to 3.4% and below the 4.24% experienced in the second quarter of 2023.

1

Wynn Macau
Operating revenues from Wynn Macau were $337.3 million for the second quarter of 2024, an increase of $35.7 million from $301.6 million for the second quarter of 2023. Adjusted Property EBITDAR from Wynn Macau was $95.9 million for the second quarter of 2024, compared to $89.6 million for the second quarter of 2023. Table games win percentage in mass market operations was 17.5%, below the 17.7% experienced in the second quarter of 2023. VIP table games win as a percentage of turnover was 2.19%, below the property's expected range of 3.1% to 3.4% and below the 4.16% experienced in the second quarter of 2023.

Las Vegas Operations
Operating revenues from our Las Vegas Operations were $628.7 million for the second quarter of 2024, an increase of $50.6 million from $578.1 million for the second quarter of 2023. Adjusted Property EBITDAR from our Las Vegas Operations for the second quarter of 2024 was $230.3 million, compared to $224.1 million for the second quarter of 2023. Table games win percentage for the second quarter of 2024 was 21.9%, slightly below the property's expected range of 22% to 26% and below the 22.9% experienced in the second quarter of 2023.

Encore Boston Harbor
Operating revenues from Encore Boston Harbor were $212.6 million for the second quarter of 2024, a decrease of $9.3 million from $221.9 million for the second quarter of 2023. Adjusted Property EBITDAR from Encore Boston Harbor for the second quarter of 2024 was $62.1 million, compared to $69.1 million for the second quarter of 2023. Table games win percentage for the second quarter of 2024 was 19.6%, within the property's expected range of 18% to 22% and below the 22.3% experienced in the second quarter of 2023.

Wynn Al Marjan Island Development

During the second quarter of 2024, the Company contributed $356.5 million of cash into a 40%-owned joint venture that is constructing the Wynn Al Marjan Island development in the UAE, bringing our life-to-date cash contributions to the project to $514.4 million. The cash contributed in the quarter was used primarily to fund our pro rata portion of the purchase of approximately 155 acres of land underlying the integrated resort development site, including over 70 acres of land for potential future development in Ras Al Khaimah. Wynn Al Marjan Island is currently expected to open in 2027.

Balance Sheet

Our cash and cash equivalents as of June 30, 2024 totaled $2.38 billion, comprised of $1.38 billion held by Wynn Macau, Limited ("WML") and subsidiaries, $281.1 million held by Wynn Resorts Finance, LLC ("WRF") and subsidiaries excluding WML, and $715.6 million held at Corporate and other. In addition, as of June 30, 2024, we had $500.0 million in short-term investments held at WML. As of June 30, 2024, the available borrowing capacity under the WRF Revolver and the WM Cayman II Revolver was $735.3 million and $312.2 million, respectively.

Total current and long-term debt outstanding at June 30, 2024 was $11.03 billion, comprised of $6.44 billion of Macau related debt, $1.46 billion of Wynn Las Vegas debt, $2.52 billion of WRF debt, and $614.4 million of debt held by the retail joint venture which we consolidate.

During the second quarter of 2024, the Company repurchased 741,340 shares of its common stock under its publicly announced equity repurchase program at an average price of $91.72 per share, for an aggregate cost of $68.0 million. As of June 30, 2024, the Company had $365.4 million in repurchase authority remaining under the program.

Conference Call and Other Information
The Company will hold a conference call to discuss its results, including the results of Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC, on August 6, 2024 at 1:30 p.m. PT (4:30 p.m. ET). Interested parties are invited to join the call by accessing a live audio webcast at http://www.wynnresorts.com. On or before August 14, 2024, the Company will make Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC financial information for the quarter ended June 30, 2024 available to noteholders, prospective investors, broker-dealers and securities analysts. Please contact our investor relations office at 702-770-7555 or at investorrelations@wynnresorts.com, to obtain access to such financial information.




2

Forward-looking Statements
This release contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements, including, but not limited to, reductions in discretionary consumer spending, adverse macroeconomic conditions and their impact on levels of disposable consumer income and wealth, changes in interest rates, inflation, a decline in general economic activity or recession in the U.S. and/or global economies, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, general global political conditions, adverse tourism trends, travel disruptions caused by events outside of our control, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development and success of new gaming and resort properties, construction and regulatory risks associated with current and future projects (including Wynn Al Marjan Island), cybersecurity risk and our leverage and ability to meet our debt service obligations. Additional information concerning potential factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as supplemented by the Company's other periodic reports filed with the Securities and Exchange Commission from time to time. The Company is under no obligation to (and expressly disclaims any such obligation to) update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures
(1) "Adjusted Property EBITDAR" is net income before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions, and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, our calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

(2) "Adjusted net income attributable to Wynn Resorts, Limited" is net income attributable to Wynn Resorts, Limited before pre-opening expenses, property charges and other, change in derivatives fair value, loss on debt financing transactions, and foreign currency remeasurement and other, net of noncontrolling interests and income taxes calculated using the specific tax treatment applicable to the adjustments based on their respective jurisdictions. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share are presented as supplemental disclosures to financial measures in accordance with GAAP because management believes that these non-GAAP financial measures are widely used to measure the performance, and as a principal basis for valuation, of gaming companies. These measures are used by management and/or evaluated by some investors, in addition to net income per share computed in accordance with GAAP, as an additional basis for assessing period-to-period results of our business. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

The Company has included schedules in the tables that accompany this release that reconcile (i) net income attributable to Wynn Resorts, Limited to adjusted net income attributable to Wynn Resorts, Limited, (ii) operating income (loss) to Adjusted Property EBITDAR, and (iii) net income attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.

3

WYNN RESORTS, LIMITED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
(unaudited) 

 Three Months Ended
June 30,		Six Months Ended
June 30,
 2024202320242023
Operating revenues:
Casino$1,008,946 $912,999 $2,130,412 $1,679,991 
Rooms304,521 276,505 631,935 549,034 
Food and beverage281,404 257,036 548,342 489,647 
Entertainment, retail and other138,061 149,282 285,152 300,829 
Total operating revenues1,732,932 1,595,822 3,595,841 3,019,501 
Operating expenses:
Casino614,518 543,643 1,289,957 1,017,028 
Rooms80,538 73,783 162,615 146,485 
Food and beverage221,343 203,922 427,164 384,541 
Entertainment, retail and other62,941 85,999 133,953 178,481 
General and administrative264,727 257,321 536,343 517,093 
    Provision for credit losses2,429 (6,640)2,516 (7,184)
Pre-opening 1,558 1,477 3,593 5,955 
Depreciation and amortization176,405 169,962 351,338 338,774 
Property charges and other38,815 16,019 55,763 18,477 
Total operating expenses1,463,274 1,345,486 2,963,242 2,599,650 
Operating income 269,658 250,336 632,599 419,851 
Other income (expense):
Interest income34,884 44,127 75,056 84,320 
Interest expense, net of amounts capitalized(174,596)(190,243)(357,000)(377,983)
Change in derivatives fair value15,517 24,336 (2,397)47,382 
Loss on debt financing transactions— (3,375)(1,561)(15,611)
Other8,745 6,959 4,023 (23,655)
Other income (expense), net(115,450)(118,196)(281,879)(285,547)
Income before income taxes154,208 132,140 350,720 134,304 
Provision for income taxes(7,935)(4,305)(27,949)(5,323)
Net income 146,273 127,835 322,771 128,981 
Less: net income attributable to noncontrolling interests(34,330)(22,651)(66,612)(11,465)
Net income attributable to Wynn Resorts, Limited$111,943 $105,184 $256,159 $117,516 
Basic and diluted net income per common share:
Net income attributable to Wynn Resorts, Limited:
Basic$1.01 $0.93 $2.31 $1.04 
Diluted$0.91 $0.84 $2.30 $0.84 
Weighted average common shares outstanding:
Basic110,937 112,889 110,980 112,821 
Diluted111,175 113,198 111,222 113,143 
4

WYNN RESORTS, LIMITED AND SUBSIDIARIES
RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED
TO ADJUSTED NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED
(in thousands, except per share data)
(unaudited)
 
 Three Months Ended
June 30,		Six Months Ended
June 30,
 2024202320242023
Net income attributable to Wynn Resorts, Limited$111,943 $105,184 $256,159 $117,516 
Pre-opening expenses1,558 1,477 3,593 5,955 
Property charges and other38,815 16,019 55,763 18,477 
Change in derivatives fair value(15,517)(24,336)2,397 (47,382)
Loss on debt financing transactions— 3,375 1,561 15,611 
Foreign currency remeasurement and other (8,745)(6,959)(4,023)23,655 
Income tax impact on adjustments(9,684)1,502 (10,252)10 
Noncontrolling interests impact on adjustments6,135 7,078 (3,892)2,830 
Adjusted net income attributable to Wynn Resorts, Limited$124,505 $103,340 $301,306 $136,672 
Adjusted net income attributable to Wynn Resorts, Limited per diluted share$1.12 $0.91 $2.71 $1.21 
Weighted average common shares outstanding - diluted111,175 113,198 111,222 113,143 




5

WYNN RESORTS, LIMITED AND SUBSIDIARIES
RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR
(in thousands)
(unaudited)

Three Months Ended June 30, 2024
Wynn Palace Wynn MacauOther Macau Total Macau Operations Las Vegas Operations Encore Boston HarborCorporate and Other Total
Operating income (loss)$108,249 $61,172 $(7,486)$161,935 $124,738 $(17,827)$812 $269,658 
Pre-opening expenses— — — — 334 515 709 1,558 
Depreciation and amortization 55,316 20,035 390 75,741 61,885 31,733 7,046 176,405 
Property charges and other 272 883 2 1,157 1,906 (174)35,926 38,815 
Management and license fees 17,360 10,486 — 27,846 29,675 10,395 (67,916)— 
Corporate expenses and other 2,005 1,999 5,983 9,987 7,957 1,752 14,014 33,710 
Stock-based compensation 1,257 1,336 1,111 3,704 3,838 395 8,230 16,167 
Triple-net operating lease rent expense — — — — — 35,342 — 35,342 
Adjusted Property EBITDAR$184,459 $95,911 $— $280,370 $230,333 $62,131 $(1,179)$571,655 


Three Months Ended June 30, 2023
Wynn Palace Wynn MacauOther Macau Total Macau Operations Las Vegas Operations Encore Boston HarborCorporate and Other Total
Operating income (loss)$80,275 $47,267 $(5,855)$121,687 $123,270 $(11,003)$16,382 $250,336 
Pre-opening expenses— — — — — 336 1,141 1,477 
Depreciation and amortization 53,908 20,527 380 74,815 57,521 30,198 7,428 169,962 
Property charges and other 1,534 6,603 12 8,149 6,938 804 128 16,019 
Management and license fees 15,074 9,487 — 24,561 27,441 10,746 (62,748)— 
Corporate expenses and other 2,885 2,894 4,428 10,207 7,330 1,949 13,262 32,748 
Stock-based compensation2,931 2,812 1,035 6,778 1,621 443 9,443 18,285 
Triple-net operating lease rent expense— — — — — 35,631 — 35,631 
Adjusted Property EBITDAR$156,607 $89,590 $— $246,197 $224,121 $69,104 $(14,964)$524,458 
























6

WYNN RESORTS, LIMITED AND SUBSIDIARIES
RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR
(in thousands)
(unaudited)

Six Months Ended June 30, 2024
Wynn Palace Wynn MacauOther Macau Total Macau Operations Las Vegas Operations Encore Boston HarborCorporate and Other Total
Operating income (loss)$221,841 $162,176 $(16,099)$367,918 $271,187 $(34,919)$28,413 $632,599 
Pre-opening expenses— — — — 736 647 2,210 3,593 
Depreciation and amortization 110,443 40,079 770 151,292 120,629 63,076 16,341 351,338 
Property charges and other 11,692 446 112 12,250 2,175 170 41,168 55,763 
Management and license fees 36,288 23,345 — 59,633 59,917 21,023 (140,573)— 
Corporate expenses and other 4,388 4,501 13,120 22,009 15,951 3,718 31,937 73,615 
Stock-based compensation 2,177 2,550 2,097 6,824 6,000 805 16,907 30,536 
Triple-net operating lease rent expense — — — — — 70,746 — 70,746 
Adjusted Property EBITDAR$386,829 $233,097 $— $619,926 $476,595 $125,266 $(3,597)$1,218,190 


Six Months Ended June 30, 2023
Wynn Palace Wynn MacauOther Macau Total Macau Operations Las Vegas Operations Encore Boston HarborCorporate and Other Total
Operating income (loss)$120,143 $59,516 $(10,838)$168,821 $261,772 $(25,952)$15,210 $419,851 
Pre-opening expenses— — — — 81 1,247 4,627 5,955 
Depreciation and amortization 108,075 41,177 760 150,012 114,202 60,132 14,428 338,774 
Property charges and other 3,829 7,078 13 10,920 7,151 222 184 18,477 
Management and license fees 26,904 16,762 — 43,666 55,253 21,249 (120,168)— 
Corporate expenses and other 5,111 5,219 8,052 18,382 13,886 3,813 31,157 67,238 
Stock-based compensation3,603 4,583 2,013 10,199 3,373 893 18,530 32,995 
Triple-net operating lease rent expense— — — — — 70,914 — 70,914 
Adjusted Property EBITDAR$267,665 $134,335 $— $402,000 $455,718 $132,518 $(36,032)$954,204 
7


WYNN RESORTS, LIMITED AND SUBSIDIARIES
RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO
ADJUSTED PROPERTY EBITDAR
(in thousands)
(unaudited)

 Three Months Ended
June 30,		Six Months Ended
June 30,
 2024202320242023
Net income attributable to Wynn Resorts, Limited$111,943 $105,184 $256,159 $117,516 
Net income attributable to noncontrolling interests34,330 22,651 66,612 11,465 
Pre-opening expenses1,558 1,477 3,593 5,955 
Depreciation and amortization176,405 169,962 351,338 338,774 
Property charges and other38,815 16,019 55,763 18,477 
Triple-net operating lease rent expense35,342 35,631 70,746 70,914 
Corporate expenses and other33,710 32,748 73,615 67,238 
Stock-based compensation16,167 18,285 30,536 32,995 
Interest income(34,884)(44,127)(75,056)(84,320)
Interest expense, net of amounts capitalized174,596 190,243 357,000 377,983 
Change in derivatives fair value(15,517)(24,336)2,397 (47,382)
Loss on debt financing transactions— 3,375 1,561 15,611 
Other (8,745)(6,959)(4,023)23,655 
Provision for income taxes7,935 4,305 27,949 5,323 
Adjusted Property EBITDAR$571,655 $524,458 $1,218,190 $954,204 

8

WYNN RESORTS, LIMITED AND SUBSIDIARIES
SUPPLEMENTAL DATA SCHEDULE
(dollars in thousands, except for win per unit per day, ADR and REVPAR)
(unaudited)

 Three Months Ended
June 30,		Six Months Ended
June 30,
 20242023Percent Change20242023Percent Change
Wynn Palace Supplemental Information
Operating revenues
Casino$444,964$365,27721.8 $918,745$635,96444.5 
Rooms50,20650,0920.2 104,14297,0027.4 
Food and beverage29,82925,26018.1 61,89948,81326.8 
Entertainment, retail and other23,05027,721(16.9)50,16455,934(10.3)
Total$548,049$468,35017.0 $1,134,950$837,71335.5 
Adjusted Property EBITDAR (6)
$184,459$156,60717.8 $386,829$267,66544.5 
Casino statistics:
VIP:
Average number of table games5757— 58547.4 
VIP turnover$2,810,016$3,042,338(7.6)$6,731,100$5,335,69626.2 
VIP table games win (1)
$115,297$129,030(10.6)$244,712$191,47827.8 
VIP table games win as a % of turnover4.10 %4.24 %3.64 %3.59 %
Table games win per unit per day$22,092$24,728(10.7)$23,195$19,69717.8 
Mass market:
Average number of table games2432401.3 2442392.1 
Table drop (2)
$1,738,260$1,507,14815.3 $3,520,444$2,689,14630.9 
Table games win (1)
$409,409$305,81733.9 $846,732$566,68349.4 
Table games win %23.6 %20.3 %24.1 %21.1 %
Table games win per unit per day$18,484$13,98032.2 $19,039$13,12545.1 
Average number of slot machines6075863.6 5905870.5 
Slot machine handle$642,713$579,62610.9 $1,238,334$1,126,22410.0 
Slot machine win (3)
$25,590$27,583(7.2)$56,560$53,0086.7 
Slot machine win per unit per day$464$517(10.3)$527$4995.6 
Poker rake$736$—NM$736$—NM
Room statistics:
Occupancy98.9 %96.5 %98.9 %92.2 %
ADR (4)
$316$318(0.6)$326$3192.2 
REVPAR (5)
$312$3071.6 $323$2949.9 
NM - Not meaningful.









9

WYNN RESORTS, LIMITED AND SUBSIDIARIES
SUPPLEMENTAL DATA SCHEDULE
(dollars in thousands, except for win per unit per day, ADR and REVPAR)
(unaudited) (continued)

Three Months Ended
June 30,		Six Months Ended
June 30,
20242023Percent Change20242023Percent Change
Wynn Macau Supplemental Information
Operating revenues
Casino$280,717$242,95015.5 $627,070$419,33349.5 
Rooms23,74226,130(9.1)52,36148,1018.9 
Food and beverage20,00314,66636.4 41,02228,96841.6 
Entertainment, retail and other12,80717,847(28.2)28,56035,917(20.5)
Total$337,269$301,59311.8 $749,013$532,31940.7 
Adjusted Property EBITDAR (6)
$95,911$89,5907.1 $233,097$134,33573.5 
Casino statistics:
VIP:
Average number of table games3048(37.5)3050(40.0)
VIP turnover$1,164,075$1,390,272(16.3)$2,753,760$2,534,4968.7 
VIP table games win (1)
$25,473$57,828(56.0)$79,379$88,579(10.4)
VIP table games win as a % of turnover2.19 %4.16 %2.88 %3.49 %
Table games win per unit per day $9,449$13,257(28.7)$14,629$9,80849.2 
Mass market:
Average number of table games2222096.2 2222134.2 
Table drop (2)
$1,602,920$1,223,31131.0 $3,286,071$2,213,29948.5 
Table games win (1)
$280,830$216,40529.8 $607,150$384,83157.8 
Table games win %17.5 %17.7 %18.5 %17.4 %
Table games win per unit per day $13,905$11,38822.1 $15,048$9,99750.5 
Average number of slot machines61753315.8 60053212.8 
Slot machine handle$801,813$519,80754.3 $1,532,202$989,57654.8 
Slot machine win (3)
$25,978$15,45268.1 $52,170$31,74964.3 
Slot machine win per unit per day $463$31945.1 $478$33044.8 
Poker rake $3,607$5,376(32.9)$8,626$9,312(7.4)
Room statistics:
Occupancy99.4 %96.8 %99.4 %93.9 %
ADR (4)
$236$269(12.3)$260$2561.6 
REVPAR (5)
$234$260(10.0)$258$2407.5 




10

WYNN RESORTS, LIMITED AND SUBSIDIARIES
SUPPLEMENTAL DATA SCHEDULE
(dollars in thousands, except for win per unit per day, ADR and REVPAR)
(unaudited) (continued)

 Three Months Ended
June 30,		Six Months Ended
June 30,
 20242023Percent Change20242023Percent Change
Las Vegas Operations Supplemental Information
Operating revenues
Casino$129,674$137,946(6.0)$264,837$292,476(9.5)
Rooms205,872177,76515.8 429,948362,87418.5 
Food and beverage208,418195,1466.8 402,028367,6299.4 
Entertainment, retail and other84,69067,21526.0 168,389141,85718.7 
Total$628,654$578,0728.8 $1,265,202$1,164,8368.6 
Adjusted Property EBITDAR (6)
$230,333$224,1212.8 $476,595$455,7184.6 
Casino statistics:
Average number of table games234235(0.4)2342330.4 
Table drop (2)
$536,461$559,701(4.2)$1,140,635$1,160,447(1.7)
Table games win (1)
$117,496$128,012(8.2)$274,107$274,022— 
Table games win %21.9 %22.9 %24.0 %23.6 %
Table games win per unit per day$5,529$5,997(7.8)$6,444$6,490(0.7)
Average number of slot machines1,5981,651(3.2)1,6081,660(3.1)
Slot machine handle$1,648,364$1,522,5258.3 $3,144,442$3,095,2601.6 
Slot machine win (3)
$110,017$103,3576.4 $209,773$210,145(0.2)
Slot machine win per unit per day$757$68810.0 $717$7002.4 
Poker rake$7,501$6,46016.1 $12,023$10,57413.7 
Room statistics:
Occupancy90.9 %90.6 %89.4 %89.7 %
ADR (4)
$532$46215.2 $563$47718.0 
REVPAR (5)
$484$41815.8 $504$42817.8 









11

WYNN RESORTS, LIMITED AND SUBSIDIARIES
SUPPLEMENTAL DATA SCHEDULE
(dollars in thousands, except for win per unit per day, ADR, and REVPAR)
(unaudited) (continued)

Three Months Ended
June 30,		Six Months Ended
June 30,
20242023Percent Change20242023Percent Change
Encore Boston Harbor Supplemental Information
Operating revenues
Casino$153,591$166,826(7.9)$319,760$332,218(3.7)
Rooms24,70122,5189.7 45,48441,05710.8 
Food and beverage23,15421,9645.4 43,39344,237(1.9)
Entertainment, retail and other11,16210,6245.1 21,75520,7265.0 
Total$212,608$221,932(4.2)$430,392$438,238(1.8)
Adjusted Property EBITDAR (6)
$62,131$69,104(10.1)$125,266$132,518(5.5)
Casino statistics:
Average number of table games185190(2.6)184194(5.2)
Table drop (2)
$358,857$354,3651.3 $725,668$720,4060.7 
Table games win (1)
$70,471$79,072(10.9)$153,449$158,615(3.3)
Table games win %19.6 %22.3 %21.1 %22.0 %
Table games win per unit per day$4,186$4,573(8.5)$4,576$4,5121.4 
Average number of slot machines2,5902,5611.1 2,6132,5402.9 
Slot machine handle$1,420,607$1,300,2379.3 $2,823,454$2,596,6648.7 
Slot machine win (3)
$105,558$106,726(1.1)$210,223$210,799(0.3)
Slot machine win per unit per day$448$458(2.2)$442$459(3.7)
Poker rake$5,307$5,2111.8 $11,088$10,8931.8 
Room statistics:
Occupancy96.5 %92.7 %93.1 %91.4 %
ADR (4)
$422$4005.5 $403$3728.3 
REVPAR (5)
$407$3719.7 $375$34010.3 
(1)Table games win is shown before discounts, commissions and the allocation of casino revenues to rooms, food and beverage and other revenues for services provided to casino customers on a complimentary basis.
(2)In Macau, table drop is the amount of cash that is deposited in a gaming table's drop box plus cash chips purchased at the casino cage. In Las Vegas, table drop is the amount of cash and net markers issued that are deposited in a gaming table's drop box. At Encore Boston Harbor, table drop is the amount of cash and gross markers that are deposited in a gaming table's drop box.
(3)Slot machine win is calculated as gross slot machine win minus progressive accruals and free play.
(4)ADR is average daily rate and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms occupied.
(5)REVPAR is revenue per available room and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms available.
(6)Refer to accompanying reconciliations of Operating Income (Loss) to Adjusted Property EBITDAR and Net Income Attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.





12

SOURCE:
Wynn Resorts, Limited
CONTACT:
Price Karr
702-770-7555
investorrelations@wynnresorts.com
13
v3.24.2.u1
Document and Entity Information
Aug. 06, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Aug. 06, 2024
Entity Registrant Name WYNN RESORTS, LIMITED
Entity Incorporation, State or Country Code NV
Entity File Number 000-50028
Entity Tax Identification Number 46-0484987
Entity Address, Address Line One 3131 Las Vegas Boulevard South
Entity Address, City or Town Las Vegas,
Entity Address, State or Province NV
Entity Address, Postal Zip Code 89109
City Area Code 702
Local Phone Number 770-7555
Title of 12(b) Security Common stock, par value $0.01
Trading Symbol WYNN
Security Exchange Name NASDAQ
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001174922
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