Wynn Resorts, Limited

Is Wynn Resorts publicly traded?

Yes. Wynn Resorts, Limited trades on NASDAQ under ticker WYNN. Its Macau subsidiary Wynn Macau, Limited trades separately on the Hong Kong Stock Exchange under ticker 1128.

When was Wynn Resorts founded?

Steve Wynn founded the company in 2002 after selling Mirage Resorts to MGM Grand. It went public on NASDAQ in October 2002, and Wynn Las Vegas opened in April 2005.

Who owns Wynn Resorts?

Wynn Resorts is a widely held public company with institutional investors owning the largest blocks. Founder Steve Wynn sold his entire stake in 2018; co-founder Elaine Wynn died in April 2025.

What is Wynn Resorts' annual revenue?

The company reported approximately $7.1 billion in fiscal 2025 operating revenue. Q3 2026 revenue was $1.69 billion, down year over year across all four operating properties.

Where is Wynn Resorts headquartered?

Wynn Resorts is headquartered in Las Vegas, Nevada, USA, on the Wynn Las Vegas resort campus.

What is Wynn Al Marjan Island?

Wynn Al Marjan Island is a luxury resort under construction in Ras Al Khaimah, UAE, through a 40 percent joint venture. Expected to open in September 2027, it will be the first licensed gaming resort in the United Arab Emirates.

Steve Wynn founded the company in 2002 shortly after selling Mirage Resorts to MGM Grand for roughly $6.4 billion. The sale ended his control of the company that had built The Mirage, Treasure Island, and Bellagio, and he immediately used sale proceeds to acquire the Desert Inn site on the Las Vegas Strip.

Wynn Resorts went public on NASDAQ in October 2002. The Desert Inn was demolished, and Wynn Las Vegas opened in April 2005 at $2.7 billion, then the most expensive resort ever built. Its curved tower and manufactured lake reset the Strip's luxury benchmark.

Macau expansion followed the territory's 2002 gaming liberalization. Wynn Macau opened on the peninsula in 2006, and Wynn Macau, Limited listed on the Hong Kong Stock Exchange in 2009. Wynn Palace in Cotai opened in August 2016 at $4.2 billion, adding the SkyCab gondola system and the company's largest resort to the portfolio.

The Encore brand extended the Las Vegas flagship in 2008, and Encore Boston Harbor opened in June 2019 on a remediated industrial site in Everett, Massachusetts, after the state's first integrated resort license was awarded to the company in 2014.

The 2018 misconduct allegations against Steve Wynn, published by the Wall Street Journal, forced his resignation and eventual complete divestiture. Massachusetts regulators fined the company $20 million in 2019 for disclosure failures but allowed it to keep its license and open Encore Boston Harbor. Elaine Wynn, the co-founder and largest individual shareholder for years, died in April 2025.

Recent strategy centers on the UAE opportunity. The joint venture for Wynn Al Marjan Island secured the country's first commercial gaming license, and construction is fully funded with $1.12 billion in Wynn cash contributions through Q3 2026. Opening is expected in September 2027.

Financially, the company reported approximately $7.1 billion in fiscal 2025 operating revenue. Q3 2026 revenue of $1.69 billion declined year over year across all four properties, with net income of $17.3 million and adjusted property EBITDAR of $464.2 million.

The company publishes corporate social responsibility reporting covering energy management, water reclamation at desert properties, responsible gaming programs required by licensing jurisdictions, and community investment in Las Vegas, Boston, and Macau.

Encore Boston Harbor's development remediated a contaminated former industrial site on the Mystic River, converting a brownfield into productive use under Massachusetts environmental requirements.

Governance remediation following the 2018 founder crisis included board restructuring, enhanced compliance programs, and settlements with Nevada and Massachusetts regulators that allowed license retention under conditions.

Wynn and Encore hold the highest concentration of Forbes Travel Guide Five-Star awards of any casino resort collection globally, a distinction maintained for consecutive years. Restaurants across the properties have earned Michelin recognition in Macau and Wine Spectator Grand Awards. Wynn Palace and Encore Boston Harbor have each earned Five-Star status since opening.

The 2018 allegations against Steve Wynn produced the most consequential scandal in company history: his resignation, a $20 million Massachusetts fine for disclosure failures, Nevada regulatory proceedings, and a complete leadership turnover.

In 2024, the company agreed to forfeit $130 million to resolve a federal investigation into unlicensed money transmission involving foreign agents at Wynn Las Vegas, among the largest such settlements for a casino operator.

Macau's regulatory environment imposes continuous scrutiny, with the gaming concession rebid in 2022 granting the company a new ten-year term under tightened conditions on non-gaming investment and employment commitments.