Wynn Resorts, Limited (WYNN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Wind Resort second quarter 2025 earnings call. All participants are in a listen-only mode until the question and answer session of today's conference. To ask a question, press star 1 on your touchtone phone. Record your name and I will introduce you. Please limit yourself to one question and one follow-up question. This call is being recorded. If you have any objections, you may disconnect at this time. I will now turn the line over to Julie Cameron Doe, Chief Financial Officer. Please go ahead. Julie Cameron Doe Thank you, Operator, and good afternoon, everyone. On the call with me today are Craig Billings and Brian Gilbrand in Las Vegas. Also on the line are Jenny Holliday, Linda Chen, and Frederick Lugasuto. Please note that we published a presentation to provide more color on the company and recent performance ahead of this call. You can find the presentation on our investor relations website. I want to remind you that we may make forward-looking statements under safe harbor federal securities laws, and those statements may or may not come true. I will now turn the call over to Craig Billings. Thanks, Julie. Good afternoon, and as always, thank you for joining us. I'm incredibly proud of our second quarter results. When Las Vegas continued to be an outstanding performer on the Strip, and we were pleased that EBITDA in Las Vegas grew to a new second quarter record of 2% year-over-year to nearly $235 million. Adjusting for hold, that number would have been even higher at $246 million. Demand was healthy throughout the quarter with impressive increases in both drop and handle, driving a 14.5% increase in total casino revenues, a reflection of our ability to continue to take gaming market shares. We were also pleased to grow RevCar a little over 1%, an...