## Wynn Resorts, Limited Reports Second Quarter 2021 Results

### August 4, 2021

Wynn Resorts, Limited (NASDAQ: WYNN) today reported financial results for the quarter ended June 30, 2021. Operating revenues were $990.1 million for the second quarter of 2021, an increase of $904.4 million from $85.7 million for the second quarter of 2020. Net loss attributable to Wynn Resorts, Limited was $131.4 million, or $1.15 per diluted share, for the second quarter of 2021, compared to a net loss of $637.6 million, or $5.97 per diluted share, in the second quarter of 2020.

### Consolidated Results

- **Operating Revenues:** $990.1 million for Q2 2021
- **Net Loss:** $131.4 million, or $1.15 per diluted share, for Q2 2021
- **Adjusted Net Loss:** $128.7 million, or $1.12 per diluted share
- **Adjusted Property EBITDA:** $206.9 million for Q2 2021

### Property Results

#### Macau Operations
- **Wynn Palace**: Operating revenues were $270.4 million for Q2 2021.
- **Wynn Macau**: Operating revenues were $184.0 million for Q2 2021.

#### Las Vegas Operations
- **Operating Revenues**: $355.1 million for Q2 2021.
- **Adjusted Property EBITDA**: $133.2 million for Q2 2021.

#### Encore Boston Harbor
- **Operating Revenues**: $165.2 million for Q2 2021.
- **Adjusted Property EBITDA**: $46.9 million for Q2 2021.

### Balance Sheet

- **Cash and cash equivalents**: $2.80 billion as of June 30, 2021.
- **Total Current and Long-term Debt**: $11.92 billion as of June 30, 2021.

### Conference Call

The Company will hold a conference call to discuss its results on August 4, 2021, at 1:15 p.m. PT.

### Forward-looking Statements

This release contains forward-looking statements regarding operating trends and future results of operations, which are subject to various risks and uncertainties.

### Non-GAAP Financial Measures

1. **Adjusted Property EBITDA**: Net loss before interest, income taxes, depreciation and amortization, among other adjustments.
2. **Adjusted Net Loss Attributable to Wynn Resorts**: Net loss before certain expenses and adjustments.

### WYNN RESORTS, LIMITED AND SUBSIDIARIES - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited)

|                        | Three Months Ended June 30, | Six Months Ended June 30, |
|------------------------|------------------------------|----------------------------|
| Operating revenues:    |                              |                            |
| Casino                  | $602,746                    | $1,118,964                 |
| Rooms                   | 137,765                     | 213,955                    |
| Food and beverage       | 149,142                     | 217,651                    |
| Total operating revenues | 990,113                     | 1,726,795                  |
| Operating expenses:     |                              |                            |
| Casino                  | 381,615                     | 733,581                    |
| Total operating expenses | 1,019,634                   | 1,932,048                  |
| Operating loss          | (29,521)                    | (205,253)                  |
| Net loss                | (173,397)                   | (509,576)                  |
| Net loss attributable to Wynn Resorts, Limited | $(131,369)      | $(412,347)                |
| Basic and diluted net loss per common share: |                      |                            |
| Basic                  | $(1.15)                     | $(3.66)                    |
| Diluted                | $(1.15)                     | $(3.66)                    |

### RECONCILIATION OF NET LOSS ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO ADJUSTED NET LOSS ATTRIBUTABLE TO WYNN RESORTS, LIMITED (in thousands, except per share data) (unaudited)

|                         | Three Months Ended June 30, | Six Months Ended June 30, |
|-------------------------|-----------------------------|----------------------------|
| Net loss                | $ (131,369)                 | $ (412,347)                |
| Adjusted net loss       | $(128,730)                  | $(396,726)                 |
| Adjusted net loss per diluted share | $(1.12)       | $(3.52)                   |

### SUPPLEMENTAL DATA SCHEDULE (dollars in thousands, except for win per unit per day, ADR, and REVPAR) (unaudited)

|                         | Three Months Ended June 30, | Six Months Ended June 30, |
|-------------------------|-----------------------------|----------------------------|
| Wynn Palace Operating revenues |                      |                            |
| Casino                  | $212,067                    | $397,976                  |
| Total                    | $270,371                    | $507,697                  |
| Adjusted Property EBITDA | $53,555                    | $80,924                   |

### Casino Statistics: VIP

| Average number of table games | 94                       |
| VIP turnover             | $1,811,381                |
| VIP table games win      | $71,570                   |

### Room statistics:

| Occupancy                | 70.6%                     |
| ADR                      | $180                      |
| REVPAR                   | $127                      |