WYNN
Wynn Resorts Ltd.
Is WYNN Halal?
HARAM: casino operator with a current casino-revenue activity failure and debt/assets above the examined limits.
What You Should Know
Wynn Resorts operates luxury casinos in Las Vegas, Macau and Boston. Gambling is prohibited in Islam. Its March 31, 2026 filing reports $1,177.233 million of casino revenue on $1,856.762 million of operating revenue (63.40%); debt/assets is 81.55%, while liquidity/assets is 14.41%. The quantitative result reinforces the existing qualitative maysir verdict.
⚠️ Concerns
- •Casino gambling (maysir)
- •Casino revenue was 63.40% of quarterly revenue
- •Debt/assets was 81.55%
- •Alcohol at gaming facilities and gaming on credit
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
10,524.505 / 12,905.298
1,859.189 / 12,905.298
1,576.148 / 12,905.298
13.092 / 1,856.762
- Financial
- Fails
- Overall
- Fails
Debt/assets is 81.55%, above the 33.333% limit; liquidity/assets is 14.41%, receivables-plus-cash/assets is 12.21%, and disclosed interest income is 0.70% of revenue.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 81.55%, above the examined MSCI total-assets limit; the business-activity screen also fails on the documented casino-revenue lower bound.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 81.55%, above the examined Malaysia limit; casino revenue is 63.40% of total revenue. This is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; asset-based financial and business-activity screens already fail.
Business-activity disclosure
Wynn Resorts operates integrated resorts with casinos in Macau, Las Vegas and Boston. Gambling (maysir) is prohibited under Islamic law; hotel, food and entertainment revenue do not change the core casino business assessment.
Limitation: Casino revenue is used as a documented lower-bound prohibited-activity numerator; the filing does not classify every mixed resort stream under one Sharia standard.
Purification
The filing discloses $13.092 million of interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Wynn Resorts' March 31, 2026 Form 10-Q.
- Debt is the total long-term debt balance before excluding the current portion; current portion plus long-term debt net of current portion equals $10,524.505 million.
- Current and long-term investment balances total $671.545 million and include the fixed deposits and U.S. treasuries identified in the filing.
- Casino revenue was $1,177.233 million of $1,856.762 million of operating revenue; interest income was $13.092 million.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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