Zhi Tong Cai Jing·2026-02-12 23:09Core Insights - Wynn Macau's parent company, WYNN RESORTS, LIMITED, reported mixed financial results for the fourth quarter and annual performance ending December 31, 2025, with increases in operating income for Wynn Palace and Wynn Macau, but decreases for Las Vegas operations and Encore Boston Harbor [1][2]. Group 1: Quarterly Performance - For Q4 2025, Wynn Palace's operating income was $596.4 million, an increase of $33.4 million compared to Q4 2024's $562.9 million [2]. - Wynn Macau's operating income for Q4 2025 was $371.3 million, up by $7.7 million from Q4 2024's $363.7 million [3]. - Adjusted property EBITDAR for Wynn Palace in Q4 2025 was $163.5 million, down from $184.6 million in Q4 2024 [2]. - Adjusted property EBITDAR for Wynn Macau in Q4 2025 was $107.4 million, slightly down from $108.2 million in Q4 2024 [3]. Group 2: Annual Performance - For the year ending December 31, 2025, operating income for Wynn Palace increased by $89.7 million compared to the previous year, while Las Vegas operations saw a modest increase of $1.1 million [1]. - Wynn Macau's annual operating income decreased by $54 million, and Encore Boston Harbor's decreased by $10.3 million compared to the previous year [1]. - Adjusted property EBITDAR for Wynn Palace, Wynn Macau, Las Vegas operations, and Encore Boston Harbor decreased by $50.8 million, $39.7 million, $44.4 million, and $10.4 million respectively for the year ending December 31, 2025 [2].