Robust International Performance Leads Growth
Wynn Resorts has announced $1.70 billion in revenue for the first quarter of 2025, marking a notable 30% year-on-year increase. The recovery of Macau’s integrated resorts and sustained momentum in Las Vegas have positioned the company for one of its strongest post-pandemic quarters to date.
Macau Bounces Back as Key Driver
Macau operations generated $998 million in revenue, a significant surge driven by a resurgence in tourism and gaming activity. Following the relaxation of COVID-era travel restrictions, visitor numbers from mainland China and other Asian markets have steadily increased. Wynn Palace and Wynn Macau both reported high VIP play volumes and a solid rebound in mass market gaming.
According to Macau’s Gaming Inspection and Coordination Bureau, total Macau gaming revenue in Q1 grew approximately 65% year-on-year, benefiting operators like Wynn that have heavily invested in premium mass and luxury experiences.
Las Vegas Continues Solid Performance
On the domestic front, Wynn Las Vegas contributed $591 million in revenue, backed by strong hotel occupancy rates, increased convention traffic, and robust non-gaming revenues such as dining, entertainment, and retail. Las Vegas tourism, according to LVCVA data, surpassed 10 million visitors in Q1—underscoring its appeal as a leisure and business destination.
Strategic Outlook and Expansion
CEO Craig Billings emphasized that Wynn Resorts’ disciplined capital management and diversified portfolio position it well for sustainable growth. The company continues to make strategic progress on its Wynn Al Marjan Island project in the UAE, with construction milestones expected later this year.
With positive macroeconomic indicators and growing international visitation, Wynn is projecting continued strong performance in the upcoming quarters, aiming to solidify its presence in both Asia and North America.
