[REVISION HISTORY]

Las Vegas gaming industry financial performance

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2026-11-07 02:36 UTC → 2026-11-07 23:57 UTC · added ~~removed~~

Major gaming operators reported declines in third-quarter 2026 financial results, citing softer market conditions and demand in Las Vegas. Boyd Gaming reported revenue of $990.5 million and net income of $124.9 million, a decrease from the previous year. The company noted that the prior year's profit was bolstered by a $1.4 billion gain from the sale of its equity interest in FanDuel. CEO Keith Smith attributed the decline to softer demand for destination business in Las Vegas and construction disruptions at the Suncoast property. Wynn Resorts also reported a decline in performance, with total revenues falling to $1.69 billion from $1.83 billion in the same period the previous year. Net income dropped to $17.3 million compared to $88.3 million in Q3 2025. The company cited slower market conditions and suboptimal hold rates in Las Vegas. Regional declines were noted in Macau, Las Vegas, and Encore Boston Harbor. Specifically, Wynn Palace revenues decreased to $583.8 million, while adjusted EBITDAR from the Macau venue fell to $165.8 million. In Las Vegas, operations recorded $575.2 million in revenue, down from $621 million the previous year. Additionally, Encore Boston Harbor reported $194.7 million in revenue, a decrease from $211.8 million in Q3 2025. Adjusted property EBITDAR for Wynn Resorts also declined, dropping to $464.2 million from $570.1 million in the prior-year period.

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