---
schema_version: "secwatch.filing_event.v1"
accession: "0001174922-25-000083"
form_type: "8-K"
ticker: "WYNN"
cik: "0001174922"
company_name: "WYNN RESORTS LTD"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T11:01:02.888742+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wynn Resorts Q1 2025: Revenue $1.70B (-8.7%), EPS $0.69 vs $1.30, Macau VIP weak

## Summary
- Operating revenues $1.70B, down $162.5M YoY; net income $72.7M vs $144.2M.
- Adjusted net income $113.1M ($1.07 diluted) vs $176.8M ($1.59) a year ago.
- Macau VIP win at Wynn Palace 2.61% and Wynn Macau 1.09%, both below expected 3.1%-3.4% range.
- Las Vegas revenue $625.3M, EBITDAR $223.4M vs $246.3M; Encore Boston Harbor EBITDAR $57.5M vs $63.1M.
- Board declared $0.25/share dividend, payable May 30; repurchased $200M stock in Q1 (2.36M shares at $84.76).

## SEC filing metadata
- accession: 0001174922-25-000083
- form_type: 8-K
- ticker: WYNN
- cik: 0001174922
- company_name: WYNN RESORTS LTD
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174922/000117492225000083/0001174922-25-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174922/000117492225000083/wynn-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174922-25-000083
- JSON: https://secwatch.observer/filing/0001174922-25-000083.json
- Plain text: https://secwatch.observer/filing/0001174922-25-000083.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.