Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period to Commission File No. 000-50028 WYNN RESORTS, LIMITED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...

Wynn Resorts, Limited (NASDAQ:WYNN) ranks among the best stocks to buy now for long-term growth. Wynn Resorts, Limited (NASDAQ:WYNN) reported fourth-quarter 2025 results on February 12, indicating operational consistency throughout the entire portfolio despite missing earnings estimates. The casino operator announced a fourth-quarter adjusted property EBITDAR of $569 million, with a 30.5% margin, indicating relatively steady growth in 2025. Despite a sharp drop in the win percentage from table games, Wyn ...

Core Viewpoint - Wynn Resorts Inc. stock is currently priced at $107.90, reflecting a 2.12% drop in the current market session, but has seen a 0.30% increase over the past month and a 21.19% increase over the past year [1] Group 1: Stock Performance - The stock price of Wynn Resorts has decreased by 2.12% in the current session [1] - Over the past month, the stock has increased by 0.30% [1] - In the past year, the stock has appreciated by 21.19% [1] Group 2: P/E Ratio Analysis - The P/E ratio is a measure of the current share price relative to the company's earnings per share (EPS), used by long-term investors to assess performance [2] - A higher P/E ratio suggests that investors expect better future performance, which may indicate overvaluation, but it could also reflect optimism about future dividends [2] - Wynn Resorts has a lower P/E ratio compared to the industry average of 66.9 for the Hotels, Restaurants & Leisure sector, suggesting potential undervaluation [3]

By AJ Vicens Feb 24 (Reuters) - Wynn Resorts on Tuesday said hackers had obtained employee ‌data and that the company was investigating ‌the breach. Michael Weaver, Wynn's chief communications officer, said in an ​email Tuesday that the company learned that "an unauthorized third party acquired certain employee data," and that the company launched an investigation and brought in ‌external cybersecurity experts. "The ⁠unauthorized third party has stated that the stolen data has been deleted," Weaver ⁠s ...

Core Viewpoint - Wynn Resorts reported that hackers have acquired employee data, and the company is currently investigating the breach [1] Company Summary - The incident involves a cybersecurity breach affecting employee data at Wynn Resorts [1] - The company is taking steps to investigate the extent of the data breach [1]

Group 1 - UBS has lowered the price target on Wynn Resorts (WYNN) to $146 from $148 while maintaining a Buy rating on the shares [1] - Wynn Resorts is shifting from a development-focused strategy to one that emphasizes free cash flow generation [1] - The company's geographically diversified cash flow is expected to increase following the opening of Al Marjan in the first quarter of 2027 [1]

Core Insights - Preferred Hotels & Resorts has added Wynn Al Marjan Island to its Legend Collection, a significant milestone ahead of the resort's opening in Spring 2027, representing a US$5.1 billion luxury hospitality project in the Middle East [1][5] Company Overview - Preferred Hotels & Resorts is the world's largest independent hotel brand, representing over 625 distinctive hotels and resorts across 80 countries, connecting travelers to luxury hospitality experiences [8] - Wynn Resorts, Limited, is publicly traded on the Nasdaq under the ticker symbol WYNN and is part of the S&P 500 Index, owning and operating properties like Wynn Las Vegas and Encore Boston Harbor [10] Project Details - Wynn Al Marjan Island is developed by Wynn Design & Development in partnership with Marjan LLC, envisioned as a luxury beachside destination on a 60-hectare island in the Arabian Gulf [2] - The resort will feature a 70-story tower reaching 352 meters, with 1,530 accommodations, including 313 suites in a boutique hotel designed for a personalized guest experience [3] Amenities and Features - The resort will offer 22 restaurants and lounges, a beach club, a state-of-the-art theatre, a five-star spa, luxury shopping, multiple swimming pools, a 420-meter white-sand beach, a 98-berth marina, and an events center for large gatherings [4] - Guests will be eligible to enroll in the I Prefer Hotel Rewards program, which has over 6 million members and offers points redeemable for rewards at over 650 participating properties [6][9]

Core Viewpoint - Wynn Resorts Limited is recognized as one of the best consumer discretionary stocks to buy, despite a recent target price reduction by Wells Fargo due to weaker-than-expected performance in key regions [1][7]. Financial Performance - Wynn Resorts reported a significant decline in attributable net income, falling 63.9% year-over-year to $100 million in Q4 2025, missing earnings expectations [2]. - The company's adjusted Property EBITDAR also decreased by 8.1% year-over-year to $568.8 million, indicating challenges in maintaining profitability [2]. Revenue and Cost Analysis - Revenue growth was slow at 1.5% year-over-year, while costs increased by 8.3% year-over-year, leading to margin contraction [3]. - Room revenue was notably affected, with average daily rates in Macau properties declining between 10% to 26% year-over-year, and Las Vegas properties experiencing a roughly 3 percentage point drop in occupancy, resulting in a 6.2% year-over-year decrease in room revenue [3]. Long-term Growth Outlook - Despite the disappointing Q4 results, the long-term growth potential of Wynn Resorts remains strong, particularly with the upcoming completion of the Wynn Al Marjan Island, which is expected to open in early 2027 [4].

Core Insights - Wynn Resorts reported mixed Q4 results, with steady revenues but weaker performance in Las Vegas and Boston markets [1] Financial Performance - Revenues remained stable, indicating resilience despite challenges in specific locations [1] - The performance in Las Vegas and Boston showed signs of softness, which may impact future growth prospects [1]

Core Insights - Wynn Resorts and Chef's Table have announced a global partnership aimed at enhancing culinary experiences at Wynn properties, starting with a series of events this fall [1][2] - The collaboration will feature a culinary event called Wynn Revelry by Chef's Table, showcasing innovative dining and original programming [1] Company Overview - Wynn Resorts operates luxury hotel and casino properties including Wynn Las Vegas, Wynn Macau, and Encore Boston Harbor, with a focus on high-end dining and entertainment experiences [1][2] - The company is also developing Wynn Al Marjan Island, an integrated resort in the UAE set to open in 2027, featuring 1,542 rooms and a variety of luxury amenities [2] Partnership Details - The partnership will kick off with Wynn Revelry by Chef's Table, transforming the Revelry tasting experience into a platform for culinary innovation [1] - Key events during the partnership launch include a grand tasting event called The Feast, a golf tournament, and a chef and celebrity cookoff, all designed to highlight culinary talent [1] Culinary Events - The Feast will take place on September 19, featuring new dishes from renowned chefs and a competition for the "Taste of Tomorrow" award [1] - Additional events include The Club Gourmet nightlife experience and an Icons dinner showcasing a multi-course tasting menu by top chefs [1] Chef's Table Overview - Chef's Table is an Emmy Award-winning docuseries on Netflix that highlights culinary stars and is expanding its brand through partnerships and new content initiatives [2]