LAS VEGAS (KLAS) — Wynn Resorts reported slight increases in operating revenue and adjusted earnings compared to the summer of 2024, distancing itself from the drumbeat that Las Vegas tourism was paying the price for failing to offer value.

"Wynn Las Vegas is not necessarily built for those visiting Las Vegas on a tight budget," CEO Craig Billings said during the company's third-quarter earnings call. It has been a familiar narrative from Wynn, which caters to high-end customers — not the same crowd that has been loudly complaining about Vegas losing its luster. Wynn's customers are likely more concerned with financial markets than they are about what people are saying on social media.

Billings said Wynn Las Vegas isn't immune to lagging tourism, but, "We deliver a whole lot of value."

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