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Wynn Resorts, Limited is a designer, developer, and operator of integrated resorts that offer luxury hotel accommodations, high-end retail spaces, dining and entertainment options, meeting and convention facilities, and gaming experiences. The company operates in key locations such as Macau, Las Vegas, and Boston, with plans for expansion in the United Arab Emirates . Its revenue streams are diversified across several product lines, with casino operations being the largest contributor, followed by rooms, food and beverage, and entertainment, retail, and other services . Additionally, Wynn Interactive focuses on digital sports betting and casino gaming .
- Casino Operations - Operates gaming facilities in Macau and Las Vegas, contributing significantly to the company's revenue.
- Rooms - Provides luxury hotel accommodations across its integrated resorts in Macau, Las Vegas, and Boston.
- Food and Beverage - Offers a variety of dining options ranging from casual to fine dining experiences within its resorts.
- Entertainment, Retail, and Other Services - Includes high-end retail spaces, entertainment options, and other resort services.
- Wynn Interactive - Focuses on digital sports betting and online casino gaming.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Craig S. Billings Executive | Chief Executive Officer | Lead Independent Director and Audit Committee Chair at AppLovin Corporation | Craig S. Billings joined Wynn Resorts in March 2017 as CFO and became CEO in February 2022. He has a history of leadership in the gaming industry and played a significant role in Wynn's digital transformation. | View Report → |
Ellen F. Whittemore Executive | Executive Vice President, General Counsel, and Secretary | Non-Executive Director of Wynn Macau, Limited and Director of Wynn Interactive, Ltd. | Ellen F. Whittemore has been with Wynn Resorts since July 2018. She announced her retirement effective January 31, 2025. She has a background in gaming law and corporate governance. | |
Jacqui Krum Executive | Executive Vice President, General Counsel, and Secretary | N/A | Jacqui Krum joined Wynn Resorts in 2013 and became EVP, General Counsel, and Secretary in December 2024. She played a key role in the development of Encore Boston Harbor. | |
Julie M. Cameron-Doe Executive | Chief Financial Officer | Non-Executive Director of Wynn Macau, Limited and The Western Union Company | Julie Cameron-Doe became CFO of Wynn Resorts in April 2022. She previously served as CFO at Aristocrat Leisure Limited and has extensive experience in finance and gaming. | |
Betsy S. Atkins Board | Director | CEO and Founder of Baja Corporation, Director at SL Green Realty, Solaredge Technologies, Inc., Enovix Corporation, Rackspace Technology, Inc. | Betsy S. Atkins has been a director since April 2018. She is known for her expertise in executive leadership and public board governance. | |
Darnell Strom Board | Director | Partner & Head of Culture and Leadership at United Talent Agency | Darnell Strom joined the Board in October 2020. He has expertise in media, sports, entertainment, and branding. | |
Margaret J. Myers Board | Director | Senior Advisor to the Governor of California | Margaret J. Myers has been a director since April 2018. She has extensive experience in strategic growth, policy, and governance. | |
Patricia Mulroy Board | Director | Board Member at Bowman Consulting, Inc., Non-Resident Senior Fellow at the Saltman Center for Conflict Resolution, Consulting Firm Owner, Water Advisor to the World Economic Forum | Patricia Mulroy has been a director since October 2015. She has over 30 years of government experience and expertise in environmental strategies. | |
Paul Liu Board | Director | Member of the National Committee on U.S. - China Relations | Paul Liu joined the Board in August 2023. He has significant experience in hospitality, entertainment, and financial services in the Asia Pacific region. | |
Philip G. Satre Board | Non-Executive Chair of the Board | President Emeritus of the International Center for Responsible Gaming, Trustee of The National World War II Museum, Board Member of the National Automobile Museum, Co-Founder and Chair of the Kenny Guinn Center for Policy Priorities | Philip G. Satre joined the Board in August 2018 and became Non-Executive Chair in November 2018. He has extensive experience in the gaming industry and has played a key role in stabilizing Wynn Resorts. | |
Richard J. Byrne Board | Director | Chairman and CEO of Franklin BSP Realty Trust, Inc., President of Benefit Street Partners, LLC, CEO and Chair of Franklin BSP Lending Corp. and Franklin BSP Capital Corp., Director of New York Road Runners, Founder and CEO of KASAI Elite Grappling Championships | Richard J. Byrne has been a director since August 2018. He is a financial expert on the Audit Committee and has extensive experience in finance and real estate. | |
Winifred M. Webb Board | Director | Trustee of AMH, Director of AppFolio, Inc., Director of ABM Industries | Winifred M. Webb has been a director since April 2018. She has extensive experience in finance, accounting, and board governance. |
- Given the intense competitive pressures and reinvestment happening in Macau, how does Wynn plan to sustain or grow its market share while maintaining profitability, especially considering the recent 10% increase in mass market table drop at Wynn Macau?
- With the significant capital expenditures planned in Las Vegas, including $300 million in project CapEx and $75-85 million in maintenance CapEx, how will these investments impact your free cash flow and ability to continue share repurchases and dividends?
- As you enter the UAE market with Wynn Marjan Island, what risks do you foresee in operating in a new regulatory environment, and how are you mitigating potential challenges associated with launching in what you describe as the most exciting new market in decades?
- Considering your concerns about online gaming potentially cannibalizing land-based revenues and causing regulatory blowback, how do you plan to address these issues in markets like New York where iGaming legislation is being considered?
- With fluctuations in Las Vegas table drop partly attributed to high-end customer volatility, what strategies are you implementing to stabilize this segment and ensure sustainable growth, especially given that table drop was down slightly this quarter despite healthy demand from high-end consumers?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
SJM Resorts, S.A. | Permitted to operate casinos in Macau, contributing to the total of 30 casinos currently in operation in the region. |
Galaxy Casino, S.A. | Permitted to operate casinos in Macau, contributing to the total of 30 casinos currently in operation in the region. |
Venetian Macau, S.A. | Permitted to operate casinos in Macau, contributing to the total of 30 casinos currently in operation in the region. |
Melco Resorts (Macau) Limited | Permitted to operate casinos in Macau, contributing to the total of 30 casinos currently in operation in the region. |
MGM Grand Paradise Limited | Permitted to operate casinos in Macau, contributing to the total of 30 casinos currently in operation in the region. |
MGM Springfield | Located in Massachusetts, competes with Encore Boston Harbor in the northeastern United States casino market. |
Recent press releases and 8-K filings for WYNN.
- Q1 2025 Earnings Overview: Operating revenues reached $1.70B with net income falling to $72.7M (down from $144.2M in Q1 2024) .
- Adjusted Property EBITDAR reached $533M (35.7% margin in Las Vegas) with regional performance: Wynn Las Vegas ($223.4M on $625.3M), Boston ($57.5M on $209.2M), and Macau ($252.1M on $865.9M); a decline from $646.5M in Q1 2024 to $532.9M [0,3,4,5,6].
- The company reinforced its capital return strategy with a $200M share buyback in Q1 (plus an additional $100M in Q2) and declared a $0.25 per share cash dividend, including a $125M final dividend in Macau [0,3,7].
- CapEx delays of approximately $375M have been implemented—affecting projects like the Encore Tower remodel—due to tariff uncertainties, with rescheduled investments until rates stabilize [1,2].
- Strategic progress on the Wynn Al Marjan Island project in the UAE advanced to the 47th floor with an expected opening in early 2027, complemented by disciplined capital allocation and targeted domestic investments [8,9,10,11].
- Wynn Resorts, Limited filed an 8-K report on May 2, 2025, detailing the outcomes of its 2025 Annual Meeting of Shareholders held on April 30, 2025.
- The report summarizes key proxy votes including the election of three Class II directors, ratification of Ernst & Young LLP as independent auditor, an advisory vote on executive compensation, and a shareholder proposal on a smokefree policy for cost savings.
- Operating revenues increased by 18.4% from HK$24.27 billion in 2023 to HK$28.74 billion in 2024, driven by higher gaming volumes and improved market visitation.
- Net profit attributable to owners surged by 173.0%, rising from HK$1.17 billion in 2023 to HK$3.20 billion in 2024, showcasing significant operational improvements.
- The Board has recommended a final dividend of HK$0.185 per Share for 2024, subject to shareholder approval, as part of an updated dividend policy.