Las Vegas Sands vs Wynn Resorts: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Las Vegas Sands Corp (LVS)

Q3 202622 Jul – 21 Aug 2026

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LVS Q2 Misses on Low Macao Hold; Buyback and Macau Rebound in Focus

Q2 earnings miss on low Macao hold LVS missed second-quarter estimates: revenue $3.15 billion and earnings of 59 cents a share, well below expectations. The company blamed unusually low rolling-play hold in Macao, which cut Macao EBITDA by $87 million. This weak result pushed the stock down about 6% and led analysts to cut estimates.
The earnings miss is the main new event that moved LVS and explains the period's weakness.
Buyback raised to $6 billion, dividend kept LVS repurchased $787 million of its own stock last quarter, pays a 30-cent quarterly dividend, and the board raised its buyback authorization to $6 billion through 2029. Buying back shares supports the stock price by reducing supply and signaling confidence.
This is a concrete new capital-return action that supports LVS shares despite the earnings miss.
Macau weak in July, but rebound expected Macau gaming revenue fell 8.4% in July from a year earlier, hurt by the World Cup and typhoons, with premium betting down 19%. Still, revenue rose 5.9% from June, and Jefferies expects growth in the third and fourth quarters on concerts and NBA China Games.
Macau is LVS's biggest market, so this monthly data shows near-term pressure but a likely rebound.
Company sticks to $700M Macau EBITDA goal Management reiterated its target of $700 million quarterly EBITDA in Macau over time, even though the latest quarter was only $430 million. It called the quarter unrepresentative due to low hold and World Cup travel dips. Marina Bay Sands expansion remains on track for early 2031.
This forward-looking guidance and expansion timeline give investors a reason to look past the weak quarter.

August 202622 Jul – 21 Aug 2026

▲2▼1

LVS Q2 Misses on Low Macao Hold; Buyback and Macau Rebound in Focus

Q2 earnings miss on low Macao hold LVS missed second-quarter estimates: revenue $3.15 billion and earnings of 59 cents a share, well below expectations. The company blamed unusually low rolling-play hold in Macao, which cut Macao EBITDA by $87 million. This weak result pushed the stock down about 6% and led analysts to cut estimates.
The earnings miss is the main new event that moved LVS and explains the period's weakness.
Buyback raised to $6 billion, dividend kept LVS repurchased $787 million of its own stock last quarter, pays a 30-cent quarterly dividend, and the board raised its buyback authorization to $6 billion through 2029. Buying back shares supports the stock price by reducing supply and signaling confidence.
This is a concrete new capital-return action that supports LVS shares despite the earnings miss.
Macau weak in July, but rebound expected Macau gaming revenue fell 8.4% in July from a year earlier, hurt by the World Cup and typhoons, with premium betting down 19%. Still, revenue rose 5.9% from June, and Jefferies expects growth in the third and fourth quarters on concerts and NBA China Games.
Macau is LVS's biggest market, so this monthly data shows near-term pressure but a likely rebound.
Company sticks to $700M Macau EBITDA goal Management reiterated its target of $700 million quarterly EBITDA in Macau over time, even though the latest quarter was only $430 million. It called the quarter unrepresentative due to low hold and World Cup travel dips. Marina Bay Sands expansion remains on track for early 2031.
This forward-looking guidance and expansion timeline give investors a reason to look past the weak quarter.

Latest22 Jul – 21 Aug 2026

▲2▼1

LVS Q2 Misses on Low Macao Hold; Buyback and Macau Rebound in Focus

Q2 earnings miss on low Macao hold LVS missed second-quarter estimates: revenue $3.15 billion and earnings of 59 cents a share, well below expectations. The company blamed unusually low rolling-play hold in Macao, which cut Macao EBITDA by $87 million. This weak result pushed the stock down about 6% and led analysts to cut estimates.
The earnings miss is the main new event that moved LVS and explains the period's weakness.
Buyback raised to $6 billion, dividend kept LVS repurchased $787 million of its own stock last quarter, pays a 30-cent quarterly dividend, and the board raised its buyback authorization to $6 billion through 2029. Buying back shares supports the stock price by reducing supply and signaling confidence.
This is a concrete new capital-return action that supports LVS shares despite the earnings miss.
Macau weak in July, but rebound expected Macau gaming revenue fell 8.4% in July from a year earlier, hurt by the World Cup and typhoons, with premium betting down 19%. Still, revenue rose 5.9% from June, and Jefferies expects growth in the third and fourth quarters on concerts and NBA China Games.
Macau is LVS's biggest market, so this monthly data shows near-term pressure but a likely rebound.
Company sticks to $700M Macau EBITDA goal Management reiterated its target of $700 million quarterly EBITDA in Macau over time, even though the latest quarter was only $430 million. It called the quarter unrepresentative due to low hold and World Cup travel dips. Marina Bay Sands expansion remains on track for early 2031.
This forward-looking guidance and expansion timeline give investors a reason to look past the weak quarter.

Wynn Resorts Limited (WYNN)

Q3 202617 Jul – 11 Sep 2026

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Wynn beats Q2, Macau soft, UAE on track, refinancing costs rise

Q2 earnings beat lifts shares Wynn reported Q2 revenue of $1.86 billion and adjusted EPS of $1.24, beating estimates. Net income more than doubled to $140.1 million. The stock jumped 7% after hours and rose 3.6% the next day. This shows the core business is performing better than expected, which supports a higher stock price.
The earnings beat is the main positive catalyst for WYNN this period.
Macau gaming revenue falls in July Macau's gross gaming revenue dropped 8.4% in July from a year earlier, hurt by the World Cup and typhoons. Premium player betting fell 19%. Wynn gets a large share of revenue from Macau, so weakness there pressures its earnings and stock price.
Macau is a major market for Wynn, and the revenue decline is a headwind.
UAE resort on track for September 2027 opening Wynn said its UAE resort, Wynn Al Marjan Island, is progressing rapidly and is expected to open in September 2027. This is a new growth market for the company, and the timeline gives investors confidence in future revenue beyond Macau and Las Vegas.
The UAE project is a key long-term growth driver for Wynn.
New $900M notes raise interest costs Wynn priced $900 million in senior notes at 6.875% due 2035 to redeem older 5.250% notes due 2027. This refinancing extends debt maturities but increases annual interest expense, which slightly reduces future profits and could weigh on the stock.
The refinancing changes Wynn's debt cost and is a new capital markets event.

August 202617 Jul – 11 Sep 2026

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Wynn beats Q2, Macau soft, UAE on track, refinancing costs rise

Q2 earnings beat lifts shares Wynn reported Q2 revenue of $1.86 billion and adjusted EPS of $1.24, beating estimates. Net income more than doubled to $140.1 million. The stock jumped 7% after hours and rose 3.6% the next day. This shows the core business is performing better than expected, which supports a higher stock price.
The earnings beat is the main positive catalyst for WYNN this period.
Macau gaming revenue falls in July Macau's gross gaming revenue dropped 8.4% in July from a year earlier, hurt by the World Cup and typhoons. Premium player betting fell 19%. Wynn gets a large share of revenue from Macau, so weakness there pressures its earnings and stock price.
Macau is a major market for Wynn, and the revenue decline is a headwind.
UAE resort on track for September 2027 opening Wynn said its UAE resort, Wynn Al Marjan Island, is progressing rapidly and is expected to open in September 2027. This is a new growth market for the company, and the timeline gives investors confidence in future revenue beyond Macau and Las Vegas.
The UAE project is a key long-term growth driver for Wynn.
New $900M notes raise interest costs Wynn priced $900 million in senior notes at 6.875% due 2035 to redeem older 5.250% notes due 2027. This refinancing extends debt maturities but increases annual interest expense, which slightly reduces future profits and could weigh on the stock.
The refinancing changes Wynn's debt cost and is a new capital markets event.

Latest17 Jul – 11 Sep 2026

▲2▼2

Wynn beats Q2, Macau soft, UAE on track, refinancing costs rise

Q2 earnings beat lifts shares Wynn reported Q2 revenue of $1.86 billion and adjusted EPS of $1.24, beating estimates. Net income more than doubled to $140.1 million. The stock jumped 7% after hours and rose 3.6% the next day. This shows the core business is performing better than expected, which supports a higher stock price.
The earnings beat is the main positive catalyst for WYNN this period.
Macau gaming revenue falls in July Macau's gross gaming revenue dropped 8.4% in July from a year earlier, hurt by the World Cup and typhoons. Premium player betting fell 19%. Wynn gets a large share of revenue from Macau, so weakness there pressures its earnings and stock price.
Macau is a major market for Wynn, and the revenue decline is a headwind.
UAE resort on track for September 2027 opening Wynn said its UAE resort, Wynn Al Marjan Island, is progressing rapidly and is expected to open in September 2027. This is a new growth market for the company, and the timeline gives investors confidence in future revenue beyond Macau and Las Vegas.
The UAE project is a key long-term growth driver for Wynn.
New $900M notes raise interest costs Wynn priced $900 million in senior notes at 6.875% due 2035 to redeem older 5.250% notes due 2027. This refinancing extends debt maturities but increases annual interest expense, which slightly reduces future profits and could weigh on the stock.
The refinancing changes Wynn's debt cost and is a new capital markets event.