Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2013	Jul. 31, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	WYNN
Entity Registrant Name	WYNN RESORTS LTD
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		101,102,388

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 2,028,229	$ 1,725,219
Investment securities	146,386	138,887
Receivables, net	207,031	238,573
Inventories	70,153	63,799
Prepaid expenses and other	38,536	35,900
Total current assets	2,490,335	2,202,378
Property and equipment, net	4,760,886	4,727,899
Restricted cash and investment securities	324,269	140,334
Intangibles, net	29,243	31,297
Deferred financing costs, net	67,157	71,189
Deposits and other assets	97,344	99,227
Investment in unconsolidated affiliates	4,105	4,270
Total assets	7,773,339	7,276,594
Current liabilities:
Accounts and construction payables	208,005	164,858
Current portion of long-term debt	1,050	1,050
Current portion of land concession obligation	28,614	27,937
Customer deposits	744,225	544,649
Gaming taxes payable	162,302	163,092
Accrued compensation and benefits	90,039	75,962
Accrued interest	78,994	100,562
Other accrued liabilities	47,829	44,244
Construction retention	2,747	3,826
Deferred income taxes, net	3,178	3,178
Income taxes payable	1,061	2,019
Total current liabilities	1,368,044	1,131,377
Long-term debt	6,010,763	5,781,770
Land concession obligation	61,648	76,186
Other long-term liabilities	125,647	137,830
Deferred income taxes, net	29,673	45,499
Total liabilities	7,595,775	7,172,662
Commitments and contingencies (Note 15)
Stockholders' equity:
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding
Common stock, par value $0.01; 400,000,000 shares authorized; 114,070,993 and 113,730,442 shares issued; 101,102,388 and 100,866,712 shares outstanding	1,141	1,137
Treasury stock, at cost; 12,968,605 and 12,863,730 shares	(1,141,809)	(1,127,947)
Additional paid-in capital	873,874	818,821
Accumulated other comprehensive income	2,678	4,177
Retained earnings	176,088	44,775
Total Wynn Resorts, Limited stockholders' deficit	(88,028)	(259,037)
Noncontrolling interest	265,592	362,969
Total equity	177,564	103,932
Total liabilities and stockholders' equity	$ 7,773,339	$ 7,276,594

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	40,000,000	40,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	114,070,993	113,730,442
Common stock, shares outstanding	101,102,388	100,866,712
Treasury stock, Shares	12,968,605	12,863,730

Condensed Consolidated Statements Of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Operating revenues:
Casino	$ 1,016,148	$ 953,390	$ 2,122,651	$ 2,002,669
Rooms	129,373	124,880	249,853	242,383
Food and beverage	169,555	161,137	309,256	296,277
Entertainment, retail and other	103,046	101,402	204,594	207,311
Gross revenues	1,418,122	1,340,809	2,886,354	2,748,640
Less: promotional allowances	(85,849)	(87,602)	(175,427)	(181,935)
Net revenues	1,332,273	1,253,207	2,710,927	2,566,705
Operating costs and expenses:
Casino	665,422	645,688	1,362,610	1,320,344
Rooms	33,984	33,265	67,374	63,249
Food and beverage	95,467	84,522	169,340	154,918
Entertainment, retail and other	42,956	46,108	83,282	97,766
General and administrative	132,381	99,777	227,290	205,727
Provision for doubtful accounts	(11,225)	(17,279)	(4,221)	785
Pre-opening costs	434		886
Depreciation and amortization	93,218	93,463	185,736	185,868
Property charges and other	5,612	3,540	10,958	13,826
Total operating costs and expenses	1,058,249	989,084	2,103,255	2,042,483
Operating income	274,024	264,123	607,672	524,222
Other income (expense):
Interest income	4,158	2,483	8,380	4,048
Interest expense, net of capitalized interest	(73,764)	(73,874)	(149,141)	(135,935)
Increase in swap fair value	13,512	2,646	16,656	4,930
Loss on retirement of debt	(26,578)		(26,578)	(4,828)
Equity in income from unconsolidated affiliates	391	256	591	721
Other	2,097	(1,081)	3,262	(313)
Other income (expense), net	(80,184)	(69,570)	(146,830)	(131,377)
Income before income taxes	193,840	194,553	460,842	392,845
(Provision) benefit for income taxes	(1,124)	4,740	4,018	4,857
Net income	192,716	199,293	464,860	397,702
Less: Net income attributable to noncontrolling interest	(62,931)	(61,229)	(132,112)	(119,074)
Net income attributable to Wynn Resorts, Limited	$ 129,785	$ 138,064	$ 332,748	$ 278,628
Net income attributable to Wynn Resorts, Limited:
Basic	$ 1.29	$ 1.38	$ 3.32	$ 2.62
Diluted	$ 1.28	$ 1.37	$ 3.28	$ 2.59
Weighted average common shares outstanding:
Basic	100,484	99,782	100,361	106,243
Diluted	101,549	101,010	101,493	107,508
Dividends declared per common share:	$ 1.00	$ 0.50	$ 2.00	$ 1.00

Condensed Consolidated Statements Of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Net income	$ 192,716	$ 199,293	$ 464,860	$ 397,702
Other comprehensive income:
Foreign currency translation adjustments, net of tax	895	109	(1,786)	743
Unrealized (loss) gain on available-for-sale securities, net of tax	(345)	(339)	(184)	925
Total comprehensive income	193,266	199,063	462,890	399,370
Less: Comprehensive income attributable to noncontrolling interest	(63,185)	(61,210)	(131,641)	(119,486)
Comprehensive income attributable to Wynn Resorts, Limited	$ 130,081	$ 137,853	$ 331,249	$ 279,884

Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net income	$ 464,860	$ 397,702
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	185,736	185,868
Deferred income taxes	(5,758)	(7,409)
Stock-based compensation	29,868	7,854
Excess tax benefits from stock-based compensation	(9,891)	(1,059)
Amortization of deferred financing costs and other	8,106	12,710
Loss on retirement of debt	26,578	4,828
Provision for doubtful accounts	(4,221)	785
Property charges and other	1,727	12,976
Equity in income of unconsolidated affiliates, net of distributions	165	174
Increase in swap fair value	(16,656)	(4,930)
Increase (decrease) in cash from changes in:
Receivables, net	36,094	19,766
Inventories and prepaid expenses and other	(9,001)	3,000
Accounts payable and accrued expenses	203,199	28,557
Net cash provided by operating activities	910,806	660,822
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(189,722)	(115,341)
Purchase of corporate debt securities	(126,056)	(121,408)
Proceeds from sale or maturity of corporate debt securities	77,728	60,008
Restricted cash	99,169
Deposits and purchase of other assets	(6,509)	(3,568)
Proceeds from sale of assets	20,284	334
Net cash used in investing activities	(125,106)	(179,975)
Cash flows from financing activities:
Proceeds from exercise of stock options	15,137	912
Excess tax benefits from stock-based compensation	9,891	1,059
Proceeds from issuance of long-term debt	500,000	900,000
Principal payments on long-term debt	(275,405)	(597,435)
Restricted cash	(243,038)
Interest rate swap settlement		(2,368)
Payments on long-term land concession obligation	(13,784)
Payments of financing costs	(24,372)	(11,268)
Purchase of treasury stock	(13,862)	(847)
Dividends paid	(438,248)	(100,859)
Net cash (used in) provided by financing activities	(483,681)	189,194
Effect of exchange rate on cash	991	561
Cash and cash equivalents:
Increase in cash and cash equivalents	303,010	670,602
Balance, beginning of period	1,725,219	1,262,587
Balance, end of period	$ 2,028,229	$ 1,933,189

Condensed Consolidated Statement Of Stockholders' Equity (USD $) In Thousands, except Share data	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Wynn Resorts, Ltd	Noncontrolling Interest
Beginning balance at Dec. 31, 2012	$ 103,932	$ 1,137	$ (1,127,947)	$ 818,821	$ 4,177	$ 44,775	$ (259,037)	$ 362,969
Beginning balance (in shares) at Dec. 31, 2012	100,866,712	100,866,712
Net income	464,860					332,748	332,748	132,112
Currency translation adjustment	(1,786)				(1,291)		(1,291)	(495)
Net unrealized gain (loss) on investments	(184)				(208)		(208)	24
Exercise of stock options (in shares)		292,951
Exercise of stock options	15,137	3		15,134			15,137
Cancellation of restricted stock, Shares		(77,500)
Cancellation of restricted stock, Value
Purchase of treasury stock (in shares)		(104,875)
Purchase of treasury stock	(13,862)		(13,862)				(13,862)
Issuance of restricted stock (in shares)		125,100
Issuance of restricted stock		1		(1)
Cash dividends	(430,565)			481		(201,435)	(200,954)	(229,611)
Excess tax benefits from stock-based compensation	10,068			10,068			10,068
Stock-based compensation	29,964			29,371			29,371	593
Ending balance at Jun. 30, 2013	$ 177,564	$ 1,141	$ (1,141,809)	$ 873,874	$ 2,678	$ 176,088	$ (88,028)	$ 265,592
Ending balance (in shares) at Jun. 30, 2013	101,102,388	101,102,388

Organization and Basis of Presentation

6 Months Ended

Jun. 30, 2013

Organization and Basis of Presentation

1.	Organization and Basis of Presentation

Organization

Wynn Resorts, Limited, a Nevada corporation (together with its subsidiaries, “Wynn Resorts” or the “Company”) currently owns and operates casino hotel resort properties in Las Vegas, Nevada and Macau.

Our Macau operations consist of a resort destination casino located in the Macau Special Administrative Region of the People’s Republic of China featuring two luxury hotel towers with a total of 1,008 spacious guest rooms and suites, approximately 275,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 57,000 square feet of retail space, recreation and leisure facilities, including two health clubs and spas and a pool.

In October 2009, Wynn Macau, Limited, an indirect wholly owned subsidiary of the Company, listed its ordinary shares of common stock on The Stock Exchange of Hong Kong Limited. Through an initial public offering, including the over allotment, Wynn Macau, Limited sold 1,437,500,000 shares (27.7%) of this subsidiary’s common stock.

Our Las Vegas operations feature two luxury hotel towers with a total of 4,748 spacious guest rooms, suites and villas, approximately 186,000 square feet of casino space, 35 food and beverage outlets featuring signature chefs, an on-site 18-hole golf course, approximately 284,000 square feet of meeting and convention space, a Ferrari and Maserati dealership, approximately 96,000 square feet of retail space as well as two showrooms; three nightclubs and a beach club.

Basis of Presentation

The accompanying condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Investments in the 50%-owned joint ventures operating the Ferrari and Maserati automobile dealership and the Brioni mens’ retail clothing store inside Wynn Las Vegas are accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated.

The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures herein are adequate to make the information presented not misleading. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary for a fair presentation of the results for the interim periods have been made. The results for the three and six months ended June 30, 2013, are not necessarily indicative of results to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies

2.	Summary of Significant Accounting Policies

Cash and Cash Equivalents

Cash and cash equivalents are comprised of highly liquid investments with purchase maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents of $1,036.2 million and $969.2 million at June 30, 2013 and December 31, 2012, respectively, were invested in time deposits, money market accounts and commercial paper. In addition, the Company held bank deposits and cash on hand of approximately $992 million and $756 million as of June 30, 2013 and December 31, 2012, respectively.

Restricted Cash and Investment Securities

Restricted cash balances totaled approximately $243 million and $99.2 million at June 30, 2013 and December 31, 2012, respectively. At June 30, 2013, the Company’s restricted cash consists of funds held for the purpose of redeeming, in November 2013, the portion of the Wynn Las Vegas 7⁷/₈% First Mortgage Notes due 2017 that were not tendered in May 2013 in the cash tender offer (the “tender offer”). For more information on the Wynn Las Vegas tender offer, see Note 9 – “Long-Term Debt”. At December 31, 2012, the Company’s restricted cash consisted of certain proceeds of the Company’s financing activities that were restricted by the agreements governing the Company’s debt instruments for the payment of certain Cotai related construction and development costs.

Investment securities consist of short-term and long-term investments in domestic and foreign corporate debt securities and commercial paper. The Company’s investment policy limits the amount of exposure to any one issuer with the objective of minimizing the potential risk of principal loss. Management determines the appropriate classification (held-to-maturity or available-for-sale) of its securities at the time of purchase and reevaluates such designation as of each balance sheet date. The Company’s current investments are reported at fair value, with unrealized gains and losses, net of tax, reported in other comprehensive income. Adjustments are made for amortization of premiums and accretion of discounts to maturity computed under the effective interest method. Such amortization is included in interest income together with the stated interest on such securities.

Accounts Receivable and Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues credit in the form of “markers” to approved casino customers following investigations of creditworthiness. At June 30, 2013 and December 31, 2012, approximately 83% and 84%, respectively, of the Company’s markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in these countries could affect the collectibility of such receivables.

Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are initially recorded at cost. Accounts are written off when management deems them to be uncollectible or after two years, whichever period is shorter. Recoveries of accounts previously written off are recorded when received. An allowance for doubtful accounts is maintained to reduce the Company’s receivables to their estimated carrying amount, which approximates fair value. The allowance is estimated based on specific review of customer accounts as well as management’s experience with collection trends in the casino industry and current economic and business conditions. During the quarter ended June 30, 2013, the Company recorded an adjustment to its reserve estimates for casino accounts receivable based on the results of historical collection patterns and current collection trends. This adjustment benefitted operating income by $14.9 million and net income attributable to Wynn Resorts, Limited by $12 million (or $0.12 per share on a fully diluted basis for the three and six months ended June 30, 2013). This change in estimate was the primary factor that resulted in an $11.2 million credit to the provision for doubtful accounts for the quarter ended June 30, 2013.

During the quarter ended June 30, 2012, the Company recorded a similar adjustment which benefitted operating income by $30.9 million and net income attributable to Wynn Resorts, Limited by $23.3 million (or $0.23 per share and $0.22 per share on a fully diluted basis for the three and six months ended June 30, 2012, respectively). This change in estimate was the primary factor that resulted in a $17.3 million credit to the provision for doubtful accounts for the quarter ended June 30, 2012.

Inventories

Inventories consist of retail, food and beverage items, which are stated at the lower of cost or market value, and certain operating supplies. Cost is determined by the first-in, first-out, average and specific identification methods.

Redemption Price Promissory Note

Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, the Company redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. On February 18, 2012, the Company issued a subordinated Redemption Price Promissory Note (the “Redemption Note”) with a principal amount of approximately $1.94 billion in redemption of all of the shares of Wynn Resorts’ common stock held by Aruze USA, Inc.

The Company recorded the fair value of the Redemption Note at its estimated present value of approximately $1.94 billion in accordance with applicable accounting guidance. In determining this fair value, the Company considered the stated maturity of the Redemption Note, its stated interest rate, and the uncertainty of the related cash flows of the Redemption Note as well as the potential effects of the following: uncertainties surrounding the potential outcome and timing of pending litigation with Aruze USA, Inc. and its affiliates (see Note 15 – “Commitments and Contingencies”); the outcome of on-going investigations by the Nevada Gaming Control Board and/or other governmental regulatory agencies; and other potential legal and regulatory actions. In addition, in the furtherance of various future business objectives, the Company considered its ability, at its sole option, to prepay the Redemption Note at any time in accordance with its terms without penalty. Accordingly, the Company reasonably determined that the estimated life of the Redemption Note could be less than the contractual life of the Redemption Note. When considering the appropriate rate of interest to be used to determine fair value for accounting purposes and in light of the uncertainty in the timing of the cash flows, the Company used observable inputs from a range of trading values of financial instruments with terms and lives similar to the estimated life and terms of the Redemption Note. As a result of this analysis, the Company concluded the Redemption Note’s stated rate of 2% approximated a market rate. For more information on the redemption and ongoing litigation, please see Note 15 – “Commitments and Contingencies.”

Revenue Recognition and Promotional Allowances

Casino revenues are measured by the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs and for chips in the customers’ possession. Cash discounts, other cash incentives related to casino play and commissions rebated through junkets to customers are recorded as a reduction to casino revenue. Hotel, food and beverage, entertainment and other operating revenues are recognized when services are performed. Entertainment, retail and other revenue includes rental income which is recognized on a time proportion basis over the lease term. Contingent rental income is recognized when the right to receive such rental income is established according to the lease agreements. Advance deposits on rooms and advance ticket sales are recorded as customer deposits until services are provided to the customer.

Revenues are recognized net of certain sales incentives which are required to be recorded as a reduction of revenue; consequently, the Company’s casino revenues are reduced by discounts and commissions, and points earned in the player’s club loyalty program.

The retail value of accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Rooms	$	12,173	$	12,804	$	25,229	$	26,198
Food and beverage		25,829		25,689		53,593		54,083
Entertainment, retail and other		3,086		3,977		6,644		8,695

	$	41,088	$	42,470	$	85,466	$	88,976

Gaming Taxes

The Company is subject to taxes based on gross gaming revenue in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are an assessment on the Company’s gaming revenue and are recorded as an expense within the “Casino” line item in the accompanying Condensed Consolidated Statements of Income. These taxes totaled approximately $462 million and $443.1 million for the three months ended June 30, 2013 and 2012, respectively. These taxes totaled approximately $943.2 million and $907.6 million for the six months ended June 30, 2013 and 2012, respectively.

Advertising Costs

The Company expenses advertising costs the first time the advertising takes place and such costs are primarily included in general and administrative expenses. For the three months ended June 30, 2013 and 2012, advertising costs totaled approximately $6.1 million and $6.6 million, respectively. These costs totaled approximately $12.4 million and $11.3 million for the six months ended June 30, 2013 and 2012, respectively.

Fair Value Measurements

The Company measures certain of its financial assets and liabilities, such as cash equivalents, available-for-sale securities and interest rate swaps, at fair value on a recurring basis pursuant to accounting standards for fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. These accounting standards establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The following table presents assets (liabilities) carried at fair value (amounts in thousands):


				Fair Value Measurements Using:
	Total Carrying Value			Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)
As of June 30, 2013
Cash equivalents	$	1,036,230		$	215,420	$	820,810		$	—
Restricted cash and available-for-sale securities	$	470,655		$	243,038	$	227,617		$	—
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Interest rate swaps	$	12,725		$	—	$	12,725		$	—

As of December 31, 2012
Cash equivalents	$	969,166		$	80,434	$	888,732		$	—
Restricted cash and available-for-sale securities	$	279,221		$	—	$	279,221		$	—
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Interest rate swaps	$	(3,938	)	$	—	$	(3,938	)	$	—

As of June 30, 2013 and December 31, 2012, approximately 60% and 77% of the Company’s cash equivalents categorized as Level 2 were deposits held in foreign currencies, respectively.

Recently Issued Accounting Standards

In July 2013, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update that amends the presentation requirements of an unrecognized tax benefit when a loss or other carryforward exists. The update would require the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax positions. The effective date for this update is for the annual and interim periods beginning after December 15, 2013. The Company is currently evaluating the impact, if any, of adopting this statement on its condensed consolidated financial statements.

In February 2013, the FASB issued an accounting standards update that amends the presentation requirements for reclassifications out of accumulated other comprehensive income. The amendment would require an entity to present amounts reclassified out of accumulated other comprehensive income by component either on the face of the statement where net income is presented or in the notes. This update is effective prospectively for reporting periods beginning after December 15, 2012. The Company has adopted this update; see Note 4 – “Accumulated Other Comprehensive Income.”

In July 2012, the FASB issued an accounting standards update that is intended to simplify the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. The update allows for the consideration of qualitative factors in determining whether it is necessary to perform quantitative impairment tests. The effective date for this update is for the years and interim impairment tests performed for years beginning after September 15, 2012. The adoption of this update did not have a material impact on the Company’s financial statements.

Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share

3.	Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income attributable to Wynn Resorts by the weighted average number of shares outstanding during the period. Diluted EPS reflects the addition of potentially dilutive securities, which for the Company includes stock options and nonvested stock. For the six months ended June 30, 2013, basic and diluted EPS was based on 100.4 million shares and 101.5 million shares, respectively, compared to 106.2 million shares and 107.5 million shares for basic and diluted EPS, respectively, for the six months ended June 30, 2012. The decrease was largely due to the redemption of Aruze USA, Inc.’s 24.5 million shares on February 18, 2012, as described in Note 15 – “Commitments and Contingencies.”

The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Weighted average common shares outstanding (used in calculation of basic earnings per share)		100,484		99,782		100,361		106,243
Potential dilution from the assumed exercise of stock options and nonvested stock		1,065		1,228		1,132		1,265

Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)		101,549		101,010		101,493		107,508

Anti-dilutive stock options excluded from the calculation of diluted earnings per share		603		689		603		535

Net income attributable to Wynn Resorts, Ltd.	$	129,785	$	138,064	$	332,748	$	278,628

Net income attributable to Wynn Resorts, Ltd. per common share, basic	$	1.29	$	1.38	$	3.32	$	2.62

Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$	1.28	$	1.37	$	3.28	$	2.59

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income

4.	Accumulated Other Comprehensive Income

The following table presents the changes by component, net of tax and noncontrolling interest, in Accumulated other comprehensive income of the Company (amounts in thousands):


	Foreign currency translation			Unrealized loss on securities			Accumulated other comprehensive income
December 31, 2012	$	4,396		$	(219	)	$	4,177

Current period other comprehensive loss		(767	)		(193	)		(960	)
Amounts reclassified from accumulated other comprehensive income		(524	)		(15	)		(539	)

Net current-period other comprehensive loss		(1,291	)		(208	)		(1,499	)

June 30, 2013	$	3,105		$	(427	)	$	2,678

Supplemental Disclosure of Cash Flow Information

6 Months Ended

Jun. 30, 2013

Supplemental Disclosure of Cash Flow Information

5.	Supplemental Disclosure of Cash Flow Information

Interest paid for the six months ended June 30, 2013 and 2012 totaled approximately $164 million and $100 million, respectively. The increase in interest paid during the six months ended June 30, 2013 is due to the issuance of the Redemption Note and other indebtedness incurred during 2012. Capitalized interest was $3.4 million and $0.5 million for the six months ended June 30, 2013 and 2012, respectively.

For the six months ended June 30, 2013, capital expenditures included an increase of $24.9 million in construction payables and retention. For the six months ended June 30, 2012, there were no changes in construction payables and retention included in capital expenditures.

In February 2012, the Company redeemed and cancelled 24,549,222 shares of common stock from a former stockholder and related party with the issuance of the $1.94 billion Redemption Note due in 2022. For details of this transaction see Note 9 – “Long-Term Debt” and Note 15 – “Commitments and Contingencies.”

Investment Securities

6 Months Ended

Jun. 30, 2013

Investment Securities

6.	Investment Securities

Investment securities consisted of the following (amounts in thousands):


	Available-for-sale securities
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value (net carrying amount)
June 30, 2013
Domestic and foreign corporate bonds	$	201,140	$	49	$	(541	)	$	200,648
Commercial paper		26,952		19		(2	)		26,969

	$	228,092	$	68	$	(543	)	$	227,617

December 31, 2012
Domestic and foreign corporate bonds	$	161,631	$	94	$	(369	)	$	161,356
Commercial paper		18,704		4		(5	)		18,703

	$	180,335	$	98	$	(374	)	$	180,059

For investments with unrealized losses as of June 30, 2013 and December 31, 2012, the Company has determined that (i) it does not have the intent to sell any of these investments, and (ii) it is not likely that the Company will be required to sell these investments prior to the recovery of the amortized cost. Accordingly, the Company has determined that no other-than-temporary impairments exist at the reporting date.

The Company obtains pricing information in determining the fair value of its available-for-sale securities from independent pricing vendors. Based on management’s inquiries, the pricing vendors use various pricing models consistent with what other market participants would use. The assumptions and inputs used by the pricing vendors are derived from market observable sources including: reported trades, broker/dealer quotes, issuer spreads, benchmark curves, bids, offers and other market-related data. Each quarter, the Company validates the fair value pricing methodology to determine its consistency with applicable accounting guidance and to confirm that the securities are classified properly in the fair value hierarchy. The Company compares the pricing received from its vendors to independent sources for the same or similar securities and no adjustment to such prices have resulted.

The amortized cost and estimated fair value of these investment securities at June 30, 2013, by contractual maturity, are as follows (amounts in thousands):


	Amortized cost		Fair value
Available-for-sale securities:
Due in one year or less	$	146,554	$	146,386
Due after one year through two years		81,538		81,231

	$	228,092	$	227,617

Receivables, net

6 Months Ended

Jun. 30, 2013

Receivables, net

7.	Receivables, net

Receivables, net consisted of the following (amounts in thousands):


	June 30, 2013			December 31, 2012
Casino	$	232,667		$	275,302
Hotel		16,947			18,227
Retail leases and other		47,248			47,257

		296,862			340,786
Less: allowance for doubtful accounts		(89,831	)		(102,213	)

	$	207,031		$	238,573

Property and Equipment, net

6 Months Ended

Jun. 30, 2013

Property and Equipment, net

8.	Property and Equipment, net

Property and equipment, net consisted of the following (amounts in thousands):


	June 30, 2013			December 31, 2012
Land and improvements	$	732,209		$	732,209
Buildings and improvements		3,850,755			3,837,215
Airplanes		135,040			135,392
Furniture, fixtures and equipment		1,655,472			1,646,506
Leasehold interests in land		316,438			316,658
Construction in progress		283,076			110,490

		6,972,990			6,778,470
Less: accumulated depreciation		(2,212,104	)		(2,050,571	)

	$	4,760,886		$	4,727,899

Long-Term Debt

6 Months Ended

Jun. 30, 2013

Long-Term Debt

9.	Long-Term Debt

Long-term debt consisted of the following (amounts in thousands):


	June 30, 2013			December 31, 2012
7⁷/₈% Wynn Las Vegas First Mortgage Notes, due November 1, 2017, net of original issue discount of $3,041 at June 30, 2013 and $7,384 at December 31, 2012	$	222,254		$	492,616
7⁷/₈% Wynn Las Vegas First Mortgage Notes, due May 1, 2020, net of original issue discount of $1,550 at June 30, 2013 and $1,632 at December 31, 2012		350,460			350,378
7³/₄% Wynn Las Vegas First Mortgage Notes, due August 15, 2020		1,320,000			1,320,000
5³/₈% Wynn Las Vegas First Mortgage Notes, due March 15, 2022		900,000			900,000
4¹/₄% Wynn Las Vegas Senior Notes, due May 30, 2023		500,000			—
Wynn Macau Senior Term Loan Facilities (as amended July 2012), due July 31, 2017 and July 31, 2018: interest at LIBOR or HIBOR plus 1.75%-2.50%, net of original issue discount of $3,401 at June 30, 2013 and $3,737 at December 31, 2012		749,406			749,433
Wynn Macau Senior Revolving Credit Facilities, (as amended July 2012) due July 31, 2017; interest at LIBOR or HIBOR plus 1.75%-2.50%		—			—
Redemption Price Promissory Note with former stockholder and related party, due February 18, 2022; interest at 2%		1,936,443			1,936,443
$42 million Note Payable, due April 1, 2017; interest at LIBOR plus 1.25%		33,250			33,950

		6,011,813			5,782,820
Current portion of long-term debt		(1,050	)		(1,050	)

	$	6,010,763		$	5,781,770

Wynn Las Vegas First Mortgage Notes

On May 15, 2013, Wynn Las Vegas, LLC (“Wynn Las Vegas”), an indirect wholly owned subsidiary of Wynn Resorts, Limited, commenced a cash tender offer (the “tender offer”) for any and all of the outstanding $500 million aggregate principal amount of the 7⁷/₈% First Mortgage Notes due 2017 (the “2017 Notes”) of Wynn Las Vegas and Wynn Las Vegas Capital Corp., an indirect wholly owned subsidiary of Wynn Resorts, Limited (together with Wynn Las Vegas, the “Issuers”), and a solicitation of consents to certain proposed amendments to the indenture (the “2017 Indenture”) governing the 2017 Notes.

The tender offer expired on May 21, 2013 and at the time of expiration, Wynn Las Vegas had received valid tenders with respect to approximately $274.7 million of the $500 million aggregate principal amount of the 2017 Notes outstanding. On May 22, 2013, note holders who validly tendered their 2017 Notes received the total consideration of $1,071.45 for each $1,000 principal amount of 2017 Notes, the premium portion of which totaled approximately $19.6 million. In accordance with accounting standards, the tender offer premium was expensed and is included in loss on retirement of debt in the accompanying Condensed Consolidated Statements of Income. In addition, upon the tender offer completion, the Issuers entered into a supplemental indenture, which eliminated substantially all of the restrictive covenants and certain events of default from the 2017 Indenture.

Also in connection with this transaction, the Company expensed $6.7 million of unamortized debt issue costs and original issue discount related to the 2017 Notes and incurred other fees of approximately $0.3 million that are included in loss on retirement of debt in the accompanying Condensed Consolidated Statements of Income.

Wynn Las Vegas 2023 Notes

Separately, on May 22, 2013, the Issuers completed the issuance of $500 million aggregate principal amount of 4¹/₄% Senior Notes due 2023 (the “2023 Notes”) pursuant to an indenture, dated as of May 22, 2013 (the “2023 Indenture”), among the Issuers, the Guarantors (as defined below) and U.S. Bank National Association, as trustee. The 2023 Notes were issued at par. The Issuers used the net proceeds from the 2023 Notes to cover the cost of purchasing the 2017 Notes tendered in the tender offer. In addition, the Issuers satisfied and discharged the 2017 Indenture and, in November 2013, may use any remaining net proceeds to redeem any and all of the 2017 Notes not previously tendered. In connection with the issuance of the 2023 Notes, the Company capitalized approximately $4.1 million of financing costs.

The 2023 Notes will mature on May 30, 2023 and bear interest at the rate of 4¹/₄% per annum. The Issuers may, at their option, redeem the 2023 Notes, in whole or in part, at any time or from time to time prior to their stated maturity. The redemption price for 2023 Notes that are redeemed before February 28, 2023 will be equal to the greater of (a) 100% of the principal amount of the 2023 Notes to be redeemed or (b) a “make-whole” amount described in the 2023 Indenture, plus in either case accrued and unpaid interest to, but not including, the redemption date. The redemption price for the 2023 Notes that are redeemed on or after February 28, 2023 will be equal to 100% of the principal amount of the 2023 Notes to be redeemed, plus accrued and unpaid interest to, but not including, the redemption date. In the event of a change of control triggering event, the Issuers will be required to offer to repurchase the 2023 Notes at 101% of the principal amount, plus accrued and unpaid interest to but not including the repurchase date. The 2023 Notes are also subject to mandatory redemption requirements imposed by gaming laws and regulations of gaming authorities in Nevada.

The 2023 Notes are the Issuers’ senior unsecured obligations and rank pari passu in right of payment with the Issuers’ outstanding 7⁷/₈% First Mortgage Notes due 2020 (“7⁷/₈% 2020 Notes”), 7³/₄% First Mortgage Notes due 2020 (the “7³/₄% 2020 Notes”) and 5³/₈% First Mortgage Notes due 2022 (the “2022 Notes” and, together with the 7⁷/₈% 2020 Notes and 7³/₄% 2020 Notes, the “Existing Notes”). The 2023 Notes are secured by a first priority pledge of the Company’s equity interests, the effectiveness of which is subject to the prior approval of the Nevada gaming authorities. The equity interests of the Company also secure the Existing Notes. If Wynn Resorts, Limited receives an investment grade rating from one or more ratings agencies, the first priority pledge securing the 2023 Notes will be released.

The 2023 Notes are jointly and severally guaranteed by all of the Issuers’ subsidiaries, other than Wynn Las Vegas Capital Corp. which was a co-issuer (the “Guarantors”). The guarantees are senior unsecured obligations of the Guarantors and rank senior in right of payment to all of their existing and future subordinated debt. The guarantees rank equally in right of payment with all existing and future liabilities of the Guarantors that are not so subordinated and will be effectively subordinated in right of payment to all of such Guarantors’ existing and future secured debt (to the extent of the collateral securing such debt).

The 2023 Indenture contains covenants limiting the Issuers’ and the Guarantor’s ability to create liens on assets to secure debt; enter into sale-leaseback transactions; and merge or consolidate with another company. These covenants are subject to a number of important and significant limitations, qualifications and exceptions.

Events of default under the 2023 Indenture include, among others, the following: default for 30 days in the payment when due of interest on the 2023 Notes; default in payment when due of the principal of, or premium, if any, on the 2023 Notes; failure to comply with certain covenants in the 2023 Indenture; and certain events of bankruptcy or insolvency. In the case of an event of default arising from certain events of bankruptcy or insolvency with respect to the Issuers or any Guarantor, all 2023 Notes then outstanding will become due and payable immediately without further action or notice.

The 2023 Notes were offered pursuant to an exemption under the Securities Act of 1933, as amended (the “Securities Act”). The 2023 Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The 2023 Notes have not been and will not be registered under the Securities Act of 1933 or under any state securities laws. Therefore, the 2023 Notes may not be offered or sold within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.

Redemption Price Promissory Note

Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, the Company redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. Following a finding of “unsuitability,” Wynn Resorts’ articles of incorporation authorize redemption of the shares held by unsuitable persons at a “fair value” redemption price. The Company engaged an independent financial advisor to assist in the fair value calculation and concluded that a discount to the then current trading price was appropriate because of, among other things, restrictions on most of the shares which were subject to the terms of an existing stockholder agreement. Pursuant to the articles of incorporation, the Company issued the Redemption Note to Aruze USA, Inc., a former stockholder and related party, in redemption of the shares. The Redemption Note has a principal amount of $1.94 billion, matures on February 18, 2022 and bears interest at the rate of 2% per annum payable annually in arrears on each anniversary of the date of the Redemption Note. The Company may, in its sole and absolute discretion, at any time and from time to time, and without penalty or premium, prepay the whole or any portion of the principal or interest due under the Redemption Note. In no instance shall any payment obligation under the Redemption Note be accelerated except in the sole and absolute discretion of the Company or as specifically mandated by law. The indebtedness evidenced by the Redemption Note is and shall be subordinated in right of payment, to the extent and in the manner provided in the Redemption Note, to the prior payment in full of all existing and future obligations of Wynn Resorts and any of its affiliates in respect of indebtedness for borrowed money of any kind or nature.

The Company has recorded the fair value of the Redemption Note at its estimated present value of approximately $1.94 billion in accordance with applicable accounting guidance. In determining this fair value, the Company considered the stated maturity of the Redemption Note, its stated interest rate, and the uncertainty of the related cash flows of the Redemption Note as well as the potential effects of the following: uncertainties surrounding the potential outcome and timing of pending litigation with Aruze USA, Inc. and its affiliates (see Note 15 – “Commitments and Contingencies”); the outcome of ongoing investigations by the Nevada Gaming Control Board and/or other governmental regulatory agencies; and other potential legal and regulatory actions. In addition, in the furtherance of various future business objectives, the Company considered its ability, at its sole option, to prepay the Redemption Note at any time in accordance with its terms without penalty. Accordingly, the Company reasonably determined that the estimated life of the Redemption Note could be less than the contractual life of the Redemption Note. When considering the appropriate rate of interest to be used to determine fair value for accounting purposes and in light of the uncertainty in the timing of the cash flows, the Company used observable inputs from a range of trading values of financial instruments with terms and lives similar to the estimated life and terms of the Redemption Note. As a result of this analysis, the Company concluded the Redemption Note’s stated rate of 2% approximated a market rate.

Aruze USA, Inc. (at the time a stockholder of Wynn Resorts), Universal Entertainment Corporation (Aruze USA, Inc.’s parent company), and Kazuo Okada (the majority shareholder of Universal Entertainment Corporation) (collectively, the “Okada Parties”) have challenged the redemption of Aruze USA, Inc.’s shares and the Company is currently involved in litigation with those parties as well as related shareholder derivative litigation. On February 13, 2013, the Okada Parties filed a motion in the Nevada state court asking the court to establish an escrow account (specifically, they asked the court to establish a “disputed ownership fund,” as defined in a federal tax regulation (“DOF”)) to hold the Redemption Note as well as the redeemed shares themselves (although those shares were previously cancelled in February 2012), until the resolution of the redemption action and counterclaim. The Okada Parties subsequently filed reply papers in further support of their motion, in which they narrowed the relief they were seeking, specifically by withdrawing their request that the redeemed shares be placed into the escrow account. On April 17, 2013, the court entered an order granting the Okada Parties’ motion in part as to the narrowed relief outlined in their reply papers. Among other things, the court’s order directed the Okada Parties to establish an escrow account with a third party (without making any ruling as to whether such an account would satisfy the requirements of a DOF) to hold interest payments tendered by the Company on the Redemption Note. The Company is to have no responsibility for fees or costs of the account, and will receive a full release and indemnity related to the account. On February 14, 2013, the Company issued a check to Aruze USA, Inc. in the amount of $38.7 million, representing the interest payment due on the Redemption Note at that time. However, as of the date of this report, the check remains uncashed as the Okada Parties have not proposed a form of escrow agreement to the Company, as contemplated by the court’s order.

As further discussed in Note 15 – “Commitments and Contingencies”, on June 19, 2012, Elaine Wynn responded to the counterclaim and asserted a cross claim against Steve Wynn and Kazuo Okada seeking a declaration that (1) any and all of Elaine Wynn’s duties under the Stockholders Agreement be discharged; (2) the Stockholders Agreement is subject to rescission and is rescinded; (3) the Stockholders Agreement is an unreasonable restraint on alienation in violation of public policy; and/or (4) the restrictions on sale of shares shall be construed as inapplicable to Elaine Wynn. Mr. Wynn filed his answer to Elaine Wynn’s cross claim on September 24, 2012. The indentures governing the Existing Notes (other than the 5³/₈% First Mortgage Notes due 2022) and the 2023 Notes (the “Indentures”) provide that if Steve Wynn, together with certain related parties, in the aggregate beneficially owns a lesser percentage of the outstanding common stock of the Company than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Steve Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Company’s debt documents. Under the Indentures, the occurrence of a change of control requires that the Company make an offer (unless the notes have been previously called for redemption) to each holder to repurchase all or any part of such holder’s Notes at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest on the Notes purchased, if any, to the date of repurchase.

The outcome of these various proceedings cannot be predicted. The Company’s claims and the Okada Parties’ counterclaims are in a preliminary stage and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. An adverse judgment or settlement involving payment of a material amount could cause a material adverse effect on our financial condition.

Wynn Macau Credit Facilities

On July 31, 2012, Wynn Macau, S.A. amended and restated its credit facilities, dated September 14, 2004 to expand the availability under the Wynn Macau S.A. senior secured bank facility to US$2.3 billion equivalent, consisting of a US$750 million equivalent fully funded senior term loan facility and a US$1.55 billion equivalent senior secured revolving credit facility. As of June 30, 2013, there were no amounts outstanding under the Wynn Macau Senior Revolving Credit Facility. Accordingly, the Company has availability of US$1.55 billion under the Amended Wynn Macau Credit Facilities.

On July 30, 2013, Wynn Macau, S.A. exercised its option to increase the senior term loan facility by US$200 million equivalent pursuant to the terms and provisions of the Amended Wynn Macau Credit Facilities. The US$200 million equivalent was fully funded as of July 31, 2013 and is required to be used for the payment of certain Cotai related construction and development costs. The additional US$200 million equivalent will mature on July 31, 2018 and will bear interest at HIBOR plus a margin between 1.75% to 2.50% based on Wynn Macau’s leverage ratio.

Debt Covenant Compliance

As of June 30, 2013, management believes the Company was in compliance with all debt covenants.

Fair Value of Long-Term Debt

The net book value of the Company’s outstanding first mortgage notes and senior notes was approximately $3.3 billion and $3.1 billion at June 30, 2013 and December 31, 2012, respectively. The estimated fair value of the Company’s outstanding first mortgage notes and senior notes, based on recent trades (using Level 2 inputs), was approximately $3.5 billion and $3.4 billion at June 30, 2013 and December 31, 2012, respectively. The net book value of the Company’s other debt instruments, excluding the Redemption Note, was approximately $782.7 million and $783.4 million at June 30, 2013 and December 31, 2012, respectively. The estimated fair value of the Company’s other debt instruments was approximately $767.2 million and $760.8 million at June 30, 2013 and December 31, 2012, respectively. The estimated fair value of the Redemption Note (using Level 2 inputs) was approximately $1.94 billion at both June 30, 2013 and December 31, 2012.

Interest Rate Swaps

6 Months Ended

Jun. 30, 2013

Interest Rate Swaps

10.

Interest Rate Swaps

The Company has entered into floating-for-fixed interest rate swap arrangements in order to manage interest rate risk relating to certain of its debt facilities. These interest rate swap agreements modify the Company’s exposure to interest rate risk by converting a portion of the Company’s floating-rate debt to a fixed rate. These interest rate swaps essentially fixed the interest rate at the percentages noted below; however, changes in the fair value of the interest rate swaps for each reporting period have been recorded as an increase/decrease in swap fair value in the accompanying Condensed Consolidated Statements of Income, as the interest rate swaps do not qualify for hedge accounting.

The Company utilized Level 2 inputs as described in Note 2 – “Summary of Significant Accounting Policies” to determine fair value. The fair value approximates the amount the Company would pay if these contracts were settled at the respective valuation dates. Fair value is estimated based upon current, and predictions of future, interest rate levels along a yield curve, the remaining duration of the instruments and other market conditions, and therefore, is subject to significant estimation and a high degree of variability and fluctuation between periods. The fair value is adjusted, to reflect the impact of credit ratings of the counterparties or the Company, as applicable. These adjustments resulted in a reduction in the fair values as compared to their settlement values. As of June 30, 2013, the interest rate swaps were recorded as an asset of $12.7 million and included in deposits and other assets. As of December 31, 2012, the interest rate swaps were recorded as a liability of $3.9 million and included in other long-term liabilities.

Wynn Macau Swaps

The Company currently has three interest rate swap agreements intended to hedge a portion of the underlying interest rate risk on borrowings under the Amended Wynn Macau Credit Facilities. Under two of the swap agreements, the Company pays a fixed interest rate (excluding the applicable interest margin) of 0.73% on notional amounts corresponding to borrowings of HK$3.95 billion (approximately US$509.4 million) incurred under the Amended Wynn Macau Credit Facilities in exchange for receipts on the same amount at a variable interest rate based on the applicable HIBOR at the time of payment. These interest rate swaps fix the all-in interest rate on such amounts at 2.48% to 3.23%. These interest rate swap agreements mature in July 2017.

Under the third swap agreement, the Company pays a fixed interest rate (excluding the applicable interest margin) of 0.6763% on notional amounts corresponding to borrowings of US$243.75 million incurred under the Amended Wynn Macau Credit Facilities in exchange for receipts on the same amount at a variable rate based on the applicable LIBOR at the time of payment. This interest rate swap fixes the all-in interest rate on such amounts at 2.4263% to 3.1763%. This interest rate swap agreement matures in July 2017.

Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions

11.

Related Party Transactions

Share Redemption of a Former Related Party

Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, the Company redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. Following a finding of “unsuitability,” Wynn Resorts’ articles of incorporation authorize redemption of the shares held by unsuitable persons at a “fair value” redemption price. The Company engaged an independent financial advisor to assist in the fair value calculation and concluded that a discount to the then current trading price was appropriate because of, among other things, restrictions on most of the shares which were subject to the terms of an existing stockholder agreement. Pursuant to the articles of incorporation, the Company issued the Redemption Note to Aruze USA, Inc., a former stockholder and related party, in redemption of the shares. The Okada Parties have challenged the redemption of Aruze USA, Inc.’s shares and the Company is currently involved in litigation with those parties as well as related shareholder derivative litigation. The outcome of these various proceedings cannot be predicted. The Company’s claims and the Okada Parties’ counterclaims are in a preliminary stage and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. An adverse judgment or settlement involving payment of a material amount could cause a material adverse effect on our financial condition.

Amounts Due to Officers

The Company periodically provides services to Stephen A. Wynn, Chairman of the Board of Directors and Chief Executive Officer (“Mr. Wynn”), and certain other officers and directors of the Company, including household employees, construction work and other personal services. Mr. Wynn and the other officers and directors have deposits with the Company to prepay any such items, which are replenished on an ongoing basis as needed. As of June 30, 2013 and December 31, 2012, Mr. Wynn and the other officers and directors had a net deposit balance with the Company of approximately $1.1 million and $1 million, respectively.

Villa Suite Lease

On March 18, 2010, Mr. Wynn and Wynn Las Vegas entered into an Amended and Restated Agreement of Lease (the “Prior SW Lease”) for a villa suite to serve as Mr. Wynn’s personal residence. The Prior SW Lease amended and restated a previous lease. The Prior SW Lease was approved by the Audit Committee of the Board of Directors of the Company. The term of the Prior SW Lease commenced as of March 1, 2010 and ran concurrent with Mr. Wynn’s employment agreement with the Company; provided that either party could terminate on 90 days notice. Pursuant to the Prior SW Lease, the rental value of the villa suite is treated as imputed income to Mr. Wynn, and was equal to the fair market value of the accommodations provided. Effective March 1, 2010, and for the first two years of the term of the Prior SW Lease, the rental value was $503,831 per year. Effective March 1, 2012, the rental value was $440,000 per year. On May 7, 2013, Wynn Las Vegas entered into a 2013 Amended and Restated Agreement of Lease (the “Existing SW Lease”), effective December 29, 2012, to include an expansion of the villa and to adjust the rental value accordingly to $525,000 per year based on the current fair market value as established by the Audit Committee of the Company with the assistance of an independent third-party appraisal. The rental value for the villa suite will be re-determined every two years during the term of the Existing SW Lease by the Audit Committee. Certain services for, and maintenance of, the villa suite are included in the rental.

Aircraft Purchase Option Agreement

On January 3, 2013, the Company and Mr. Wynn entered into an agreement pursuant to which Mr. Wynn agreed to terminate a previously granted option to purchase an approximately two acre tract of land located on the Wynn Las Vegas golf course and, in return, the Company granted Mr. Wynn the right to purchase any or all of the aircraft owned by the Company or its direct wholly owned subsidiaries. The aircraft purchase option is exercisable upon 30 days written notice and at a price equal to the book value of such aircraft, and will terminate on the date of termination of the employment agreement between the Company and Mr. Wynn, which expires in October 2020.

The “Wynn” Surname Rights Agreement

On August 6, 2004, the Company entered into agreements with Mr. Wynn that confirm and clarify the Company’s rights to use the “Wynn” name and Mr. Wynn’s persona in connection with its casino resorts. Under the parties’ Surname Rights Agreement, Mr. Wynn granted the Company an exclusive, fully paid-up, perpetual, worldwide license to use, and to own and register trademarks and service marks incorporating the “Wynn” name for casino resorts and related businesses, together with the right to sublicense the name and marks to its affiliates. Under the parties’ Rights of Publicity License, Mr. Wynn granted the Company the exclusive, royalty-free, worldwide right to use his full name, persona and related rights of publicity for casino resorts and related businesses, together with the ability to sublicense the persona and publicity rights to its affiliates, until October 24, 2017.

Property Charges and Other

6 Months Ended

Jun. 30, 2013

Property Charges and Other

12.

Property Charges and Other

Property charges and other generally include costs related to the retirement of assets for remodels and asset abandonments. Property charges and other for the three and six months ended June 30, 2013 were $5.6 million and $11 million, respectively, which includes miscellaneous renovations and abandonments at our resorts, entertainment development costs and fees paid in connection with the termination of a contract. Property charges and other for the three and six months ended June 30, 2012 were $3.5 million and $13.8 million respectively.

Noncontrolling Interest

6 Months Ended

Jun. 30, 2013

Noncontrolling Interest

13.

Noncontrolling Interest

In October 2009, Wynn Macau, Limited, an indirect wholly owned subsidiary of the Company and the developer, owner and operator of Wynn Macau, listed its ordinary shares of common stock on The Stock Exchange of Hong Kong Limited. Through an initial public offering, including the over allotment, Wynn Macau, Limited sold 1,437,500,000 shares (27.7%) of its common stock. The shares of Wynn Macau, Limited were not and will not be registered under the Securities Act and may not be offered or sold in the United States absent a registration under the Securities Act as amended, or an applicable exception from such registration requirements. Net income attributable to noncontrolling interest was $62.9 million and $61.2 million for the three months ended June 30, 2013 and 2012, respectively. Net income attributable to noncontrolling interest was $132.1 million and $119.1 million for the six months ended June 30, 2013 and 2012, respectively.

Stock-Based Compensation

6 Months Ended

Jun. 30, 2013

Stock-Based Compensation

14.

Stock-Based Compensation

The total compensation cost relating both to stock options and nonvested stock is allocated as follows (amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Casino	$	1,923	$	1,720	$	3,736	$	950
Rooms		218		98		438		200
Food and beverage		292		28		591		55
Entertainment, retail and other		109		—		226		14
General and administrative		26,204		3,360		24,877		6,635

Total stock-based compensation expense		28,746		5,206		29,868		7,854
Total stock-based compensation capitalized		48		47		96		97

Total stock-based compensation costs	$	28,794	$	5,253	$	29,964	$	7,951

For the three months ended June 30, 2013, the Company recorded a charge, in accordance with applicable accounting standards, of approximately $23 million due to the retirement of the Company’s former chief operating officer and the related accelerated vesting of shares previously granted to him.

For the six months ended June 30, 2012, the Company reversed stock-based compensation expense allocated to casino operations related to stock options and restricted stock granted in 2008 with an approximate 8 year cliff vest provision that were forfeited during the first quarter of 2012.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies

15.

Commitments and Contingencies

Wynn Macau

Cotai Development and Land Concession Contract

In September 2011, Palo Real Estate Company Limited (“Palo”) and Wynn Resorts (Macau) S.A., each an indirect subsidiary of Wynn Macau Limited, formally accepted the terms and conditions of a draft land concession contract from the Macau government for approximately 51 acres of land in the Cotai area of Macau. On May 2, 2012, the land concession contract was gazetted by the government of Macau evidencing the final step in the granting of the land concession. The initial term of the land concession contract is 25 years from May 2, 2012, and it may be renewed with government approval for successive periods. The total land premium payable, including interest as required by the land concession contract, is $193.4 million. An initial payment of $62.5 million was paid in December 2011, with eight additional semi-annual payments of approximately $16.4 million each (which includes interest at 5%) due beginning November 2012. As of June 30, 2013 and December 31, 2012, the Company has recorded this obligation and related asset with $28.6 million and $27.9 million included as a current liability, respectively and $61.6 million and $76.2 million, respectively, included as a long-term liability. The Company is also required to make annual lease payments of $0.8 million during the resort construction period and annual payments of approximately $1.1 million once the development is completed.

The Company is constructing a full scale integrated resort containing a casino, luxury hotel, convention, retail, entertainment and food and beverage offerings on this land. The Company estimates the project budget to be approximately $4 billion and anticipates opening the resort in the first half of 2016. In February 2013, the Company started pre-foundation work and continues to remain on pace with the construction schedule.

On July 29, 2013, Wynn Resorts Macau S.A., Palo and Leighton Contractors (Asia) Limited (as the general contractor) entered into a supplemental agreement concerning the construction of Wynn Macau Limited’s Cotai project and confirming, among other things, the guaranteed maximum price for the construction works undertaken by the general contractor (the “Contractor Works”). The July 29, 2013 agreement supplements the agreement between the same parties dated November 9, 2012 (both agreements collectively the “Cotai Construction Agreement”). The scope of the Contractor Works under the Cotai Construction Agreement includes construction, project management, substructure, structural, design and architectural works, facades, exterior finishes, certain interior finishes, mechanical, electrical and plumbing installations, external landscaping work, underground drainage and utilities service works. The general contractor must complete the Contractor Works in accordance with the detailed terms of the Cotai Construction Agreement in good faith and by furnishing its best skill and judgment. The general contractor is obligated to substantially complete the project in the first half of 2016 for a guaranteed maximum price of approximately HK$20 billion (approximately US$2.57 billion). An early completion bonus which has been factored in the guaranteed maximum price for achievement of substantial completion on or before January 25, 2016 will be paid to the general contractor if certain conditions are satisfied under the Cotai Construction Agreement. Both the contract time and guaranteed maximum price are subject to further adjustment under certain conditions. The performance of the general contractor is backed by a full completion guarantee given by Leighton Holdings Limited, the parent company of the general contractor, as well as a performance bond for 5% of the guaranteed maximum price.

Litigation

We are occasionally party to lawsuits. As with all litigation, no assurance can be provided as to the outcome of such matters and we note that litigation inherently involves significant costs.

Atlantic-Pacific Capital

On May 3, 2010, Atlantic-Pacific Capital, Inc. (“APC”) filed an arbitration demand with JAMS, a private alternative dispute resolution provider, regarding an agreement with the Company. The action concerns a claim for compensation of approximately $32 million pursuant to an agreement entered into between APC and the Company on or about March 30, 2008, whereby APC was engaged to raise equity capital for a specific investment vehicle sponsored by the Company. APC is seeking compensation unrelated to the investment vehicle. The Company has denied APC’s claims for compensation. The Company filed a Complaint for Damages and Declaratory Relief against APC in the Eighth Judicial District Court, Clark County, Nevada, on May 10, 2010, which APC removed to the United States District Court, District of Nevada. In March 2011, the District Court denied APC’s motion to compel arbitration, and dismissed the action. APC appealed, and on November 13, 2012, the United States Court of Appeals for the Ninth Circuit reversed the District Court and compelled arbitration. The matter is proceeding in arbitration. An arbitrator has been selected, and the parties are beginning the discovery process. The arbitration has been set for April 2014. Management believes that APC’s claims against the Company are without merit, and the Company intends to continue to defend this matter vigorously.

Determination of Unsuitability and Redemption of Aruze USA, Inc. and Affiliates

On February 18, 2012, Wynn Resorts’ Gaming Compliance Committee concluded an investigation after receiving an independent report by Freeh, Sporkin & Sullivan, LLP (the “Freeh Report”) detailing a pattern of misconduct by the Okada Parties. The factual record presented in the Freeh Report included evidence that the Okada Parties had provided valuable items to certain foreign gaming officials who were responsible for regulating gaming in a jurisdiction in which entities controlled by Mr. Okada were developing a gaming resort. Mr. Okada denied the impropriety of such conduct to members of the Board of Directors of Wynn Resorts, refused to acknowledge or abide by Wynn Resorts’ anti-bribery policies and refused to participate in the training all other directors received concerning these policies.

Based on the Freeh Report, the Board of Directors of Wynn Resorts determined that each of the Okada Parties is an “unsuitable person” under Article VII of the Company’s articles of incorporation. The Board of Directors was unanimous (other than Mr. Okada) in its determination. The Board of Directors also requested that Mr. Okada resign as a director of Wynn Resorts (under Nevada corporation law, a board of directors does not have the power to remove a director) and recommended that Mr. Okada be removed as a member of the Board of Directors of Wynn Macau, Limited. On February 18, 2012, Mr. Okada was removed from the Board of Directors of Wynn Las Vegas Capital Corp., an indirect wholly owned subsidiary of Wynn Resorts, and on February 24, 2012, he was removed from the Board of Directors of Wynn Macau, Limited. On February 22, 2013, Mr. Okada was removed from the Board of Directors of Wynn Resorts by a stockholder vote in which 99.6% of the over 86 million shares voted were cast in favor of removal. Additionally, Mr. Okada resigned from the Board of Directors of Wynn Resorts on February 21, 2013.

Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, Wynn Resorts redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. Following a finding of “unsuitability,” Article VII of Wynn Resorts’ articles of incorporation authorizes redemption at “fair value” of the shares held by unsuitable persons. The Company engaged an independent financial advisor to assist in the fair value calculation and concluded that a discount to the then current trading price was appropriate because of, among other things, restrictions on most of the shares held by Aruze USA, Inc. under the terms of the Stockholders Agreement (as defined below). Pursuant to the articles of incorporation, Wynn Resorts issued the Redemption Note to Aruze USA, Inc. in redemption of the shares. The Redemption Note has a principal amount of $1.94 billion, matures on February 18, 2022 and bears interest at the rate of 2% per annum, payable annually in arrears on each anniversary of the date of the Redemption Note. The Company may, in its sole and absolute discretion, at any time and from time to time, and without penalty or premium, prepay the whole or any portion of the principal or interest due under the Redemption Note. In no instance shall any payment obligation under the Redemption Note be accelerated except in the sole and absolute discretion of Wynn Resorts or as specifically mandated by law. The indebtedness evidenced by the Redemption Note is and shall be subordinated in right of payment, to the extent and in the manner provided in the Redemption Note, to the prior payment in full of all existing and future obligations of Wynn Resorts or any of its affiliates in respect of indebtedness for borrowed money of any kind or nature.

The Company provided the Freeh Report to appropriate regulators and law enforcement agencies and is cooperating with related investigations that such regulators and agencies have undertaken. The conduct of the Okada Parties and any resulting regulatory investigations could have adverse consequences to the Company and its subsidiaries. A finding by regulatory authorities that Mr. Okada violated anti-corruption statutes and/or other laws or regulations applicable to persons affiliated with a gaming licensee on Company property and/or otherwise involved the Company in criminal or civil violations could result in actions by regulatory authorities against the Company and its subsidiaries.

Redemption Action and Counterclaim

On February 19, 2012, Wynn Resorts filed a complaint in the Eighth Judicial District Court, Clark County, Nevada against the Okada Parties (as amended, the “Complaint”), alleging breaches of fiduciary duty and related claims (the “Redemption Action”) arising from the activities addressed in the Freeh Report. The Company is seeking compensatory and special damages as well as a declaration that it acted lawfully and in full compliance with its articles of incorporation, bylaws and other governing documents in redeeming and cancelling the shares of Aruze, USA, Inc.

On March 12, 2012, the Okada Parties removed the action to the United States District Court for the District of Nevada (the action was subsequently remanded to Nevada state court). On that same date, the Okada Parties filed an answer denying the claims and a counterclaim (as amended, the “Counterclaim”) that purports to assert claims against the Company, each of the members of the Company’s Board of Directors (other than Mr. Okada) and Wynn Resorts’ General Counsel (the “Wynn Parties”). The Counterclaim alleges, among other things: (1) that the shares of Wynn Resorts common stock owned by Aruze USA, Inc. were exempt from the redemption-for-unsuitability provisions in the Wynn Resorts articles of incorporation (the “Articles”) pursuant to certain agreements executed in 2002; (2) that the Wynn Resorts directors who authorized the redemption of Aruze USA, Inc.’s shares acted at the direction of Stephen A. Wynn and did not independently and objectively evaluate the Okada Parties’ suitability, and by so doing, breached their fiduciary duties; (3) that the Wynn Resorts directors violated the terms of the Wynn Resorts Articles by failing to pay Aruze USA, Inc. fair value for the redeemed shares; and (4) that the terms of the Redemption Note that Aruze USA, Inc. received in exchange for the redeemed shares, including the Redemption Note’s principal amount, duration, interest rate, and subordinated status, were unconscionable. Among other relief, the Counterclaim seeks a declaration that the redemption of Aruze USA, Inc.’s shares was void, an injunction restoring Aruze USA, Inc.’s share ownership, damages in an unspecified amount and rescission of the Amended and Restated Stockholders Agreement, dated as of January 6, 2010, by and among Aruze USA, Inc., Stephen A. Wynn, and Elaine Wynn (the “Stockholders Agreement”).

On June 19, 2012, Elaine Wynn responded to the Counterclaim and asserted a cross claim against Steve Wynn and Kazuo Okada seeking a declaration that (1) any and all of Elaine Wynn’s duties under the Stockholders Agreement be discharged; (2) the Stockholders Agreement is subject to rescission and is rescinded; (3) the Stockholders Agreement is an unreasonable restraint on alienation in violation of public policy; and/or (4) the restrictions on sale of shares shall be construed as inapplicable to Elaine Wynn. Mr. Wynn filed his answer to Elaine Wynn’s cross claim on September 24, 2012. The indentures governing the Existing Notes (other than the 5³/₈% First Mortgage Notes due 2022) and the 2023 Notes (the “Indentures”) provide that if Steve Wynn, together with certain related parties, in the aggregate beneficially owns a lesser percentage of the outstanding common stock of the Company than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Steve Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Company’s debt documents. Under the Indentures, the occurrence of a change of control requires that the Company make an offer (unless the notes have been previously called for redemption) to each holder to repurchase all or any part of such holder’s Notes at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest on the Notes purchased, if any, to the date of repurchase.

The Company’s Complaint and the Okada Parties’ Counterclaim have been, and continue to be, challenged through motion practice. At a hearing held on November 13, 2012, the Nevada state court granted the Wynn Parties’ motion to dismiss the Counterclaim with respect to the Okada Parties’ claim under the Nevada Racketeer Influenced and Corrupt Organizations Act with respect to certain Company executives but otherwise denied the motion. At a hearing held on January 15, 2013, the court denied the Okada Parties’ motion to dismiss the Company’s Complaint. On April 22, 2013, the Company filed a second amended complaint. On June 12, 2013, the Okada Parties filed a request to file a third amended counterclaim, but the amended pleading has not yet been filed. The parties had been engaged in discovery at the time the court entered the Stay (defined and discussed below). Therefore, although the court previously set a timetable for all discovery, pre-trial and trial deadlines, with a five-week jury trial scheduled to commence in April 2014, this schedule may change due to the Stay.

On February 13, 2013, the Okada Parties filed a motion in the Nevada state court asking the court to establish an escrow account (specifically, they asked the court to establish a “disputed ownership fund,” as defined in a federal tax regulation (“DOF”)) to hold the Redemption Note as well as the redeemed shares themselves (although those shares were previously cancelled in February 2012), until the resolution of the Redemption Action and Counterclaim. The Okada Parties subsequently filed reply papers in further support of their motion, in which they narrowed the relief they were seeking, specifically by withdrawing their request that the redeemed shares be placed into the escrow account. On April 17, 2013, the court entered an order granting the Okada Parties’ motion in part as to the narrowed relief outlined in their reply papers. Among other things, the court’s order directed the Okada Parties to establish an escrow account with a third party (without making any ruling as to whether such an account would satisfy the requirements of a DOF) to hold interest payments tendered by the Company on the Redemption Note. The Company is to have no responsibility for fees or costs of the account, and will receive a full release and indemnity related to the account. On February 14, 2013, the Company issued a check to Aruze USA, Inc. in the amount of $38.7 million, representing the interest payment due on the Redemption Note at that time. However, as of the date of this report, the check remains uncashed as the Okada Parties have not proposed a form of escrow agreement to the Company, as contemplated by the court’s order.

On April 8, 2013, the United States Attorney’s Office and the U.S. Department of Justice filed a Motion to Intervene and for Temporary and Partial Stay of Discovery in the Redemption Action. The motion stated that the federal government has been conducting a criminal investigation of the Okada Parties involving the “same underlying allegations of misconduct – that is, potential violations of the Foreign Corrupt Practice Act and related fraudulent conduct – that form the basis of” the Company’s complaint, as amended, in the Redemption Action. The motion sought to stay all discovery in the Redemption Action related to the Okada Parties’ allegedly unlawful activities in connection with their Philippine Casino Project until the conclusion of the criminal investigation and any resulting criminal prosecution, with an interim status update to the court in six months. At a hearing on May 2, 2013, the court granted the motion and ordered that all discovery in the Redemption Action be stayed for a period of six months (the “Stay”).

On May 30, 2013, Elaine Wynn filed a motion for partial relief from the Stay, to allow her to conduct limited discovery related to her cross and counterclaims. The Wynn Parties opposed the motion so as to not interfere with the United States Government’s investigation. At a hearing on August 1, 2013, the court denied the motion. On August 2, 2013, the court stayed discovery in the indemnification action related to the government investigations (consistent with the Stay in the Redemption Action), and ordered that all other discovery be conducted within ninety (90) days. The court did not set a trial date; rather set the matter for a status check on January 10, 2014.

Subject to the Stay, the Company will continue to vigorously pursue its claims against the Okada Parties, and the Company and the Wynn Parties will continue to vigorously defend against the counterclaims asserted against them. The Company’s claims and the Okada Parties’ counterclaims remain in an early stage and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. An adverse judgment or settlement involving payment of a material amount could cause a material adverse effect on our financial condition.

Litigation Commenced by Kazuo Okada

Books and Records Action:

In May 2011, Wynn Macau, a majority owned subsidiary of the Company, made a commitment to the University of Macau Development Foundation in support of the new Asia-Pacific Academy of Economics and Management. This contribution consists of a $25 million payment made in May 2011 and a commitment for additional donations of $10 million each year for the calendar years 2012 through 2022 inclusive. The pledge was consistent with the Company’s long-standing practice of providing philanthropic support for deserving institutions in the markets in which it operates. The pledge was made following an extensive analysis which concluded that the gift was made in accordance with all applicable laws. The pledge was considered by the boards of directors of both the Company and Wynn Macau, Limited and approved by 15 of the 16 directors who served on those boards. The sole dissenting vote was cast by Mr. Okada whose stated objection was to the length of time over which the donation would occur, not its propriety.

On January 11, 2012, Mr. Okada, in his then role as a Wynn Resorts’ director, commenced a writ proceeding in the Eighth Judicial District Court, Clark County, Nevada, seeking to compel the Company to produce certain books and records relating to the Company’s donation to the University of Macau, among other things.

At a hearing on February 9, 2012, the Nevada state court held that, as a director of the Company, Mr. Okada had the right to make a reasonable inspection of the Company’s corporate books and records. Following that hearing, the Company released certain documents to Mr. Okada for his inspection. At a subsequent hearing on March 8, 2012, the court considered Mr. Okada’s request that the Company’s Board of Directors make additional documents available to him, and ruled that Mr. Okada was entitled to inspect two additional pages of documents. The Company promptly complied with the court’s ruling. On May 25, 2012, Mr. Okada amended his petition to request inspection of additional records. Following a hearing held on October 2, 2012, the court ruled that Mr. Okada is entitled to review certain additional Company documents from the 2000 to 2002 time period. The Company promptly complied with the court’s ruling. On November 2, 2012, Mr. Okada filed a motion to compel the production of additional documents and to depose a witness designated by the Company. At the conclusion of a hearing held on November 8, 2012, the court denied Mr. Okada’s motion. The Company has not received any further requests for information by Mr. Okada in relation to this matter as of the date of this report.

Japan Action:

On August 28, 2012, Mr. Okada, Universal Entertainment Corporation and Okada Holdings (“Okada Japan Parties”) filed a complaint in Tokyo District Court against the Company, all members of the Board of Directors (other than Mr. Okada) and the Company’s General Counsel (the “Wynn Parties”), alleging that the press release issued by the Company with respect to the redemption has damaged plaintiffs’ social evaluation and credibility. The Okada Japan Parties seek damages and legal fees from the Wynn Parties. After asking the Okada Japan Parties to clarify the allegations in their complaint, the Wynn Parties objected to the jurisdiction of the Japanese court. On April 30, 2013, the Wynn Parties filed a memorandum in support of their jurisdictional position. The Okada Japan Parties filed their opposition, and the Wynn Parties’ reply memorandum is due on August 15, 2013. A formal hearing has been set for September 2, 2013, and the court is expected to set a date for its ruling during this hearing. The Wynn Parties are vigorously defending against the claims asserted against them in this matter.

Motion for Preliminary Injunction:

On August 31, 2012, Aruze USA, Inc. filed a motion for preliminary injunction with the Nevada state court. The motion sought an order that would prohibit Wynn Resorts from barring or preventing Aruze USA, Inc. from exercising rights as a stockholder at its 2012 Annual Meeting. On October 2, 2012, the Nevada state court denied Aruze USA, Inc.’s motion for preliminary injunction. On October 19, 2012, Aruze USA, Inc. filed a notice of appeal with the Nevada Supreme Court. The appeal was assigned to the Nevada Supreme Court’s mediation program, which determined that mediation would not be fruitful. The matter was therefore back before the Nevada Supreme Court. On June 10, 2013, the Okada Parties requested that the appeal be dismissed and thereafter the parties stipulated to dismiss the appeal.

Indemnification Action:

On March 20, 2013, Mr. Okada filed a complaint against the Company in Nevada state court for indemnification under the Company’s Articles, bylaws and agreements with its directors. The complaint seeks advancement of Mr. Okada’s costs and expenses (including attorney’s fees) incurred pursuant to the various legal proceedings and related regulatory investigations described above. The Company believes there is no basis for the relief requested in the complaint and intends to vigorously defend against this matter. The Company’s answer and counterclaim was filed on April 15, 2013. The counterclaim names each of the Okada Parties as defendants and seeks indemnification under the Company’s Articles for costs and expenses (including attorney’s fees) incurred pursuant to the various legal proceedings and related regulatory investigations described above. On April 30, 2013, Mr. Okada filed his reply to the counterclaim.

On June 14, 2013, Mr. Okada filed a motion for partial summary judgment that he was entitled to advancement of his expenses incurred in the various proceedings and investigations. Mr. Okada also filed a special motion to dismiss, arguing that the Company’s counterclaims seek to infringe upon Mr. Okada’s right to petition the court, and constitute a strategic lawsuit against public policy (“S.L.A.P.P.”). The Company’s counterclaims seek only to enforce Wynn Resorts’ contractual right to indemnity under Article VII, Section 4 of the Company’s Articles. At a hearing on August 1, 2013, the court denied both motions.

Related Investigations and Derivative Litigation

Various Investigations:

On February 8, 2012, following the initiation of Mr. Okada’s books and records action (described above) regarding Wynn Macau’s donation to the University of Macau Development Foundation, the Company received a letter from the Salt Lake Regional Office of the SEC (the “Office”) requesting that, in connection with an informal inquiry by the SEC, the Company preserve information relating to the donation to the University of Macau, any donations by the Company to any other educational charitable institutions, including the University of Macau Development Foundation, and the Company’s casino or concession gaming licenses or renewals in Macau. The Company fully cooperated with the Salt Lake Regional Office staff. On July 2, 2013, the Company received a letter from the Office stating that the investigation had been completed with the Office not intending to recommend any enforcement action against the Company by the SEC.

In February 2013, the Nevada Gaming Control Board informed the Company that it had completed an investigation of allegations made by Mr. Okada against the Company regarding the activities of Mr. Wynn and related entities in Macau and found no violations of the Gaming Control Act or the Nevada Gaming Commission Regulations.

In the U.S. Department of Justice’s Motion to Intervene and for Temporary and Partial Stay of Discovery in the Redemption Action, the Department of Justice states in a footnote that the government also has been conducting a criminal investigation into the Company’s donation to the University of Macau discussed above. The Company has not received any target letter or subpoena in connection with such an investigation. The Company intends to cooperate fully with the government in response to any inquiry related to the donation to the University of Macau.

Other regulators may pursue separate investigations into the Company’s compliance with applicable laws arising from the allegations in the matters described above and in response to the Counterclaim and other litigation filed by Mr. Okada suggesting improprieties in connection with the Company’s donation to the University of Macau. While the Company believes that it is in full compliance with all applicable laws, any such investigations could result in actions by regulators against the Company.

Derivative Claims:

Six derivative actions were commenced against the Company and all members of its Board of Directors: four in the United States District Court, District of Nevada, and two in the Eighth Judicial District Court of Clark County, Nevada.

The four federal actions brought by the following plaintiffs have been consolidated: (1) The Louisiana Municipal Police Employees’ Retirement System, (2) Maryanne Solak, (3) Excavators Union Local 731 Welfare Fund, and (4) Boilermakers Lodge No. 154 Retirement Fund (collectively, the “Federal Plaintiffs”).

The Federal Plaintiffs filed a consolidated complaint on August 6, 2012, asserting claims for: (1) breach of fiduciary duty; (2) waste of corporate assets; (3) injunctive relief; and (4) unjust enrichment. The claims are against the Company and all Company directors, including Mr. Okada, however, the plaintiffs voluntarily dismissed Mr. Okada as a defendant in this consolidated action on September 27, 2012. The Federal Plaintiffs claim that the individual defendants breached their fiduciary duties and wasted assets by: (a) failing to ensure the Company’s officers and directors complied with federal and state laws and the Company’s Code of Conduct; (b) voting to allow the Company’s subsidiary to make the donation to the University of Macau; and (c) redeeming Aruze USA, Inc.’s stock such that the Company incurs the debt associated with the redemption. The Federal Plaintiffs seek unspecified compensatory damages, restitution in the form of disgorgement, reformation of corporate governance procedures, an injunction against all future payments related to the donation/pledge, and all fees (attorneys, accountants, and experts) and costs. The directors responded to the consolidated complaint by filing a motion to dismiss on September 14, 2012. On February 1, 2013, the federal court dismissed the complaint for failure to plead adequately the futility of a pre-suit demand on the Board. The dismissal was without prejudice to the Federal Plaintiffs’ ability to file a motion within 30 days seeking leave to file an amended complaint. On April 9, 2013, the Federal Plaintiff’s filed their amended complaint. The Company and the directors filed their motion to dismiss on May 23, 2013. The Plaintiffs’ opposition was filed on July 8, 2013, and the Company and directors’ reply will be due on or before August 7, 2013.

The two state court actions brought by the following plaintiffs have also been consolidated: (1) IBEW Local 98 Pension Fund and (2) Danny Hinson (collectively, the “State Plaintiffs”). Through a coordination of efforts by all parties, the directors and the Company (a nominal defendant) have been served in all of the actions. The State Plaintiffs filed a consolidated complaint on July 20, 2012 asserting claims for (1) breach of fiduciary duty; (2) abuse of control; (3) gross mismanagement; and (4) unjust enrichment. The claims are against the Company and all Company directors, including Mr. Okada, as well as the Company’s Chief Financial Officer, who signs financial disclosures filed with the SEC. The State Plaintiffs claim that the individual defendants failed to disclose to the Company’s stockholders the investigation into, and the dispute with director Okada as well as the alleged potential violations of the FCPA related to, the University of Macau Development Foundation donation. The State Plaintiffs seek unspecified monetary damages (compensatory and punitive), disgorgement, reformation of corporate governance procedures, an order directing the Company to internally investigate the donation, as well as attorneys’ fees and costs. On October 13, 2012, the court entered the parties’ stipulation providing for a stay of the state derivative action for 90 days, subject to the parties’ obligation to monitor the progress of the pending litigation, discussed above, between Wynn Resorts (among others) and Mr. Okada (among others). Per the stipulation, Wynn Resorts and the individual defendants were not required to respond to the consolidated complaint while the stay remained in effect. Following the expiration of the stay, the State plaintiffs advised the Company and the individual defendants that they intended to resume the action by filing an amended complaint, which they did, on April 26, 2013. The Company and directors filed their motion to dismiss on June 10, 2013. However, on July 31, 2013, the parties agreed to a stipulation that was submitted to, and approved by the court. The stipulation contemplates a stay of the consolidated state court derivative action of equal duration as the Stay entered by the court in the Redemption Action.

The individual defendants are vigorously defending against the claims pleaded against them in these derivative actions. We are unable to predict the outcome of these litigations at this time.

Income Taxes

6 Months Ended

Jun. 30, 2013

Income Taxes

16.

Income Taxes

For the three months ended June 30, 2013 and 2012, the Company recorded a tax expense of $1.1 million and a tax benefit of $4.7 million, respectively. The Company’s income tax expense is primarily related to U.S. tax provision on foreign passive income, foreign taxes assessable on the dividends of Wynn Macau, S.A. and foreign tax provisions related to our international marketing offices. For the six months ended June 30, 2013 and 2012, the Company recorded a tax benefit of $4 million and $4.9 million, respectively. The Company’s income tax benefit is primarily related to a decrease in deferred tax liabilities offset by foreign taxes assessable on the dividends of Wynn Macau, S.A. and foreign tax provisions related to international marketing offices. Since June 30, 2010, the Company no longer considers its portion of the tax earnings and profits of Wynn Macau, Limited to be permanently invested. No additional U.S. tax provision has been made with respect to amounts not considered permanently invested as the Company anticipates that U.S. foreign tax credits should be sufficient to eliminate any U.S. tax provision relating to such repatriation. The Company has not provided deferred U.S. income taxes or foreign withholding taxes on temporary differences as these amounts are permanently reinvested. For the six months ended June 30, 2013 and 2012, the Company recognized income tax benefits related to excess tax deductions associated with stock compensation costs of $10.1 million and $1.1 million, respectively.

Wynn Macau, S.A. has received a 5-year exemption from Macau’s 12% Complementary Tax on casino gaming profits through December 31, 2015. Accordingly, the Company was exempted from the payment of $24.2 million in such taxes during each of the three months ended June 30, 2013 and 2012. For the six months ended June 30, 2013 and 2012, the Company was exempted from the payment of such taxes totaling $50.7 million and $46.6 million, respectively. The Company’s non-gaming profits remain subject to the Macau Complementary Tax and casino winnings remain subject to the Macau Special Gaming tax and other levies together totaling 39% in accordance with its concession agreement.

In February 2013, the Company received notification that it had been accepted into the Internal Revenue Service (“IRS”) Compliance Assurance Program (“CAP”), which accelerates IRS examination of key transactions with the goal of resolving any issues before the taxpayer files its return, for the 2013 tax year. In March 2013, the Company received additional notification that it had been selected for the Compliance Maintenance phase of CAP for the 2013 tax year. In the Compliance Maintenance phase, the IRS, at its discretion, may reduce the level of review of the taxpayer’s tax positions based on the complexity and number of issues, and the taxpayer’s history of compliance, cooperation and transparency in the CAP.

In January 2013, the Financial Services Bureau of the Government of the Macau Special Administrative Region (the “Financial Services Bureau”) examined the 2009 and 2010 Macau income tax returns of Palo, which is a co-holder of the land concession for the resort in Cotai. The exam resulted in no change to the tax returns.

In March 2013, the Financial Services Bureau commenced an examination of the 2009, 2010, and 2011 Macau income tax returns of Wynn Macau, S.A. Since the examination is in its initial stages, the Company is unable to determine if it will conclude within the next 12 months. The Company believes that its liability for uncertain tax positions is adequate with respect to these years.

In May 2013, the Company received notification that the IRS completed its examination of the Company’s 2011 U.S. income tax return and had no changes.

Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information

17.

Segment Information

The Company monitors its operations and evaluates earnings by reviewing the assets and operations of its Macau Operations and its Las Vegas Operations. The Company’s total assets by segment are as follows (amounts in thousands):


	June 30, 2013		December 31, 2012
	June 30, 2013		December 31, 2012
Assets
Macau Operations	$	2,881,592	$	3,004,658
Las Vegas Operations		3,855,504		3,669,881
Corporate and other		1,036,243		602,055

	$	7,773,339	$	7,276,594

The Company’s segment information for its results of operations are as follows (amounts in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Net revenues
Macau Operations	$	930,891		$	907,641		$	1,922,956		$	1,858,344
Las Vegas Operations		401,382			345,566			787,971			708,361

Total	$	1,332,273		$	1,253,207		$	2,710,927		$	2,566,705

Adjusted Property EBITDA (1)
Macau Operations	$	290,088		$	302,210		$	620,799		$	591,983
Las Vegas Operations		135,657			81,919			256,014			182,803

Total		425,745			384,129			876,813			774,786

Other operating costs and expenses
Pre-opening costs		434			—			886			—
Depreciation and amortization		93,218			93,463			185,736			185,868
Property charges and other		5,612			3,540			10,958			13,826
Corporate expenses and other		52,066			22,747			70,970			50,149
Equity in income from unconsolidated affiliates		391			256			591			721

Total		151,721			120,006			269,141			250,564

Operating income		274,024			264,123			607,672			524,222

Non-operating costs and expenses
Interest income		4,158			2,483			8,380			4,048
Interest expense, net of capitalized interest		(73,764	)		(73,874	)		(149,141	)		(135,935	)
Increase in swap fair value		13,512			2,646			16,656			4,930
Loss on retirement of debt		(26,578	)		—			(26,578	)		(4,828	)
Equity in income from unconsolidated affiliates		391			256			591			721
Other		2,097			(1,081	)		3,262			(313	)

Total		(80,184	)		(69,570	)		(146,830	)		(131,377	)

Income before income taxes		193,840			194,553			460,842			392,845
(Provision) benefit for income taxes		(1,124	)		4,740			4,018			4,857

Net income	$	192,716		$	199,293		$	464,860		$	397,702

(1)

“Adjusted Property EBITDA” is earnings before interest, taxes, depreciation, amortization, pre-opening costs, property charges and other, corporate expenses, intercompany golf course and water rights leases, stock-based compensation, and other non-operating income and expenses and includes equity in income from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors. The Company also presents Adjusted Property EBITDA because it is used by some investors as a way to measure a company’s ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to financial measures in accordance with U.S. generally accepted accounting principles (“GAAP”). In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including Wynn Resorts, Limited, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of the Company’s performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, Wynn Resorts’ calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2013

Cash and Cash Equivalents

Cash and Cash Equivalents

Restricted Cash and Investment Securities

Restricted Cash and Investment Securities

Accounts Receivable and Credit Risk

Accounts Receivable and Credit Risk

Inventories

Inventories

Redemption Price Promissory Note

Redemption Price Promissory Note

Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, the Company redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. On February 18, 2012, the Company issued a subordinated Redemption Price Promissory Note (the “Redemption Note”) with a principal amount of approximately $1.94 billion in redemption of all of the shares of Wynn Resorts’ common stock held by Aruze USA, Inc.

Revenue Recognition and Promotional Allowances

Revenue Recognition and Promotional Allowances


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Rooms	$	12,173	$	12,804	$	25,229	$	26,198
Food and beverage		25,829		25,689		53,593		54,083
Entertainment, retail and other		3,086		3,977		6,644		8,695

	$	41,088	$	42,470	$	85,466	$	88,976

Gaming Taxes

Gaming Taxes

Advertising Costs

Advertising Costs

Fair Value Measurements

Fair Value Measurements

The following table presents assets (liabilities) carried at fair value (amounts in thousands):


				Fair Value Measurements Using:
	Total Carrying Value			Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)
As of June 30, 2013
Cash equivalents	$	1,036,230		$	215,420	$	820,810		$	—
Restricted cash and available-for-sale securities	$	470,655		$	243,038	$	227,617		$	—
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Interest rate swaps	$	12,725		$	—	$	12,725		$	—

As of December 31, 2012
Cash equivalents	$	969,166		$	80,434	$	888,732		$	—
Restricted cash and available-for-sale securities	$	279,221		$	—	$	279,221		$	—
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Interest rate swaps	$	(3,938	)	$	—	$	(3,938	)	$	—

As of June 30, 2013 and December 31, 2012, approximately 60% and 77% of the Company’s cash equivalents categorized as Level 2 were deposits held in foreign currencies, respectively.

Recently Issued Accounting Standards

Recently Issued Accounting Standards

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Estimated Cost of Promotional Allowances

The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Rooms	$	12,173	$	12,804	$	25,229	$	26,198
Food and beverage		25,829		25,689		53,593		54,083
Entertainment, retail and other		3,086		3,977		6,644		8,695

	$	41,088	$	42,470	$	85,466	$	88,976

Schedule of Assets and Liabilities Carried at Fair Value

The following table presents assets (liabilities) carried at fair value (amounts in thousands):


				Fair Value Measurements Using:
	Total Carrying Value			Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)
As of June 30, 2013
Cash equivalents	$	1,036,230		$	215,420	$	820,810		$	—
Restricted cash and available-for-sale securities	$	470,655		$	243,038	$	227,617		$	—
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Interest rate swaps	$	12,725		$	—	$	12,725		$	—

As of December 31, 2012
Cash equivalents	$	969,166		$	80,434	$	888,732		$	—
Restricted cash and available-for-sale securities	$	279,221		$	—	$	279,221		$	—
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Interest rate swaps	$	(3,938	)	$	—	$	(3,938	)	$	—

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Shares used in Calculation of Earnings per Share

The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Weighted average common shares outstanding (used in calculation of basic earnings per share)		100,484		99,782		100,361		106,243
Potential dilution from the assumed exercise of stock options and nonvested stock		1,065		1,228		1,132		1,265

Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)		101,549		101,010		101,493		107,508

Anti-dilutive stock options excluded from the calculation of diluted earnings per share		603		689		603		535

Net income attributable to Wynn Resorts, Ltd.	$	129,785	$	138,064	$	332,748	$	278,628

Net income attributable to Wynn Resorts, Ltd. per common share, basic	$	1.29	$	1.38	$	3.32	$	2.62

Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$	1.28	$	1.37	$	3.28	$	2.59

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2013

Changes by Component in Accumulated Other Comprehensive Income

The following table presents the changes by component, net of tax and noncontrolling interest, in Accumulated other comprehensive income of the Company (amounts in thousands):


	Foreign currency translation			Unrealized loss on securities			Accumulated other comprehensive income
December 31, 2012	$	4,396		$	(219	)	$	4,177

Current period other comprehensive loss		(767	)		(193	)		(960	)
Amounts reclassified from accumulated other comprehensive income		(524	)		(15	)		(539	)

Net current-period other comprehensive loss		(1,291	)		(208	)		(1,499	)

June 30, 2013	$	3,105		$	(427	)	$	2,678

Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Investment Securities

Investment securities consisted of the following (amounts in thousands):


	Available-for-sale securities
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value (net carrying amount)
June 30, 2013
Domestic and foreign corporate bonds	$	201,140	$	49	$	(541	)	$	200,648
Commercial paper		26,952		19		(2	)		26,969

	$	228,092	$	68	$	(543	)	$	227,617

December 31, 2012
Domestic and foreign corporate bonds	$	161,631	$	94	$	(369	)	$	161,356
Commercial paper		18,704		4		(5	)		18,703

	$	180,335	$	98	$	(374	)	$	180,059

Investments by Contractual Maturity

The amortized cost and estimated fair value of these investment securities at June 30, 2013, by contractual maturity, are as follows (amounts in thousands):


	Amortized cost		Fair value
Available-for-sale securities:
Due in one year or less	$	146,554	$	146,386
Due after one year through two years		81,538		81,231

	$	228,092	$	227,617

Receivables, net (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Receivables, Net

Receivables, net consisted of the following (amounts in thousands):


	June 30, 2013			December 31, 2012
Casino	$	232,667		$	275,302
Hotel		16,947			18,227
Retail leases and other		47,248			47,257

		296,862			340,786
Less: allowance for doubtful accounts		(89,831	)		(102,213	)

	$	207,031		$	238,573

Property and Equipment, net (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (amounts in thousands):


	June 30, 2013			December 31, 2012
Land and improvements	$	732,209		$	732,209
Buildings and improvements		3,850,755			3,837,215
Airplanes		135,040			135,392
Furniture, fixtures and equipment		1,655,472			1,646,506
Leasehold interests in land		316,438			316,658
Construction in progress		283,076			110,490

		6,972,990			6,778,470
Less: accumulated depreciation		(2,212,104	)		(2,050,571	)

	$	4,760,886		$	4,727,899

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Long-Term Debt

Long-term debt consisted of the following (amounts in thousands):


	June 30, 2013			December 31, 2012
7⁷/₈% Wynn Las Vegas First Mortgage Notes, due November 1, 2017, net of original issue discount of $3,041 at June 30, 2013 and $7,384 at December 31, 2012	$	222,254		$	492,616
7⁷/₈% Wynn Las Vegas First Mortgage Notes, due May 1, 2020, net of original issue discount of $1,550 at June 30, 2013 and $1,632 at December 31, 2012		350,460			350,378
7³/₄% Wynn Las Vegas First Mortgage Notes, due August 15, 2020		1,320,000			1,320,000
5³/₈% Wynn Las Vegas First Mortgage Notes, due March 15, 2022		900,000			900,000
4¹/₄% Wynn Las Vegas Senior Notes, due May 30, 2023		500,000			—
Wynn Macau Senior Term Loan Facilities (as amended July 2012), due July 31, 2017 and July 31, 2018: interest at LIBOR or HIBOR plus 1.75%-2.50%, net of original issue discount of $3,401 at June 30, 2013 and $3,737 at December 31, 2012		749,406			749,433
Wynn Macau Senior Revolving Credit Facilities, (as amended July 2012) due July 31, 2017; interest at LIBOR or HIBOR plus 1.75%-2.50%		—			—
Redemption Price Promissory Note with former stockholder and related party, due February 18, 2022; interest at 2%		1,936,443			1,936,443
$42 million Note Payable, due April 1, 2017; interest at LIBOR plus 1.25%		33,250			33,950

		6,011,813			5,782,820
Current portion of long-term debt		(1,050	)		(1,050	)

	$	6,010,763		$	5,781,770

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Total Compensation Cost

The total compensation cost relating both to stock options and nonvested stock is allocated as follows (amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Casino	$	1,923	$	1,720	$	3,736	$	950
Rooms		218		98		438		200
Food and beverage		292		28		591		55
Entertainment, retail and other		109		—		226		14
General and administrative		26,204		3,360		24,877		6,635

Total stock-based compensation expense		28,746		5,206		29,868		7,854
Total stock-based compensation capitalized		48		47		96		97

Total stock-based compensation costs	$	28,794	$	5,253	$	29,964	$	7,951

Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Assets by Segment

The Company’s total assets by segment are as follows (amounts in thousands):


	June 30, 2013		December 31, 2012
	June 30, 2013		December 31, 2012
Assets
Macau Operations	$	2,881,592	$	3,004,658
Las Vegas Operations		3,855,504		3,669,881
Corporate and other		1,036,243		602,055

	$	7,773,339	$	7,276,594

Summary of Operations by Segment

The Company’s segment information for its results of operations are as follows (amounts in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Net revenues
Macau Operations	$	930,891		$	907,641		$	1,922,956		$	1,858,344
Las Vegas Operations		401,382			345,566			787,971			708,361

Total	$	1,332,273		$	1,253,207		$	2,710,927		$	2,566,705

Adjusted Property EBITDA (1)
Macau Operations	$	290,088		$	302,210		$	620,799		$	591,983
Las Vegas Operations		135,657			81,919			256,014			182,803

Total		425,745			384,129			876,813			774,786

Other operating costs and expenses
Pre-opening costs		434			—			886			—
Depreciation and amortization		93,218			93,463			185,736			185,868
Property charges and other		5,612			3,540			10,958			13,826
Corporate expenses and other		52,066			22,747			70,970			50,149
Equity in income from unconsolidated affiliates		391			256			591			721

Total		151,721			120,006			269,141			250,564

Operating income		274,024			264,123			607,672			524,222

Non-operating costs and expenses
Interest income		4,158			2,483			8,380			4,048
Interest expense, net of capitalized interest		(73,764	)		(73,874	)		(149,141	)		(135,935	)
Increase in swap fair value		13,512			2,646			16,656			4,930
Loss on retirement of debt		(26,578	)		—			(26,578	)		(4,828	)
Equity in income from unconsolidated affiliates		391			256			591			721
Other		2,097			(1,081	)		3,262			(313	)

Total		(80,184	)		(69,570	)		(146,830	)		(131,377	)

Income before income taxes		193,840			194,553			460,842			392,845
(Provision) benefit for income taxes		(1,124	)		4,740			4,018			4,857

Net income	$	192,716		$	199,293		$	464,860		$	397,702

(1)

Organization and Basis of Presentation - Additional Information (Detail)	1 Months Ended	6 Months Ended
	Oct. 31, 2009	Jun. 30, 2013 Hotel Room Restaurant
Organization and Basis of Presentation [Abstract]
Common stock of subsidiary sold	1,437,500,000
Percentage of ownership in joint ventures		50.00%
Wynn Macau
Organization and Basis of Presentation [Abstract]
Number of hotel		2
Number of rooms in hotel		1,008
No. of restaurants		8
Common stock of subsidiary sold	1,437,500,000
Percentage of subsidiary's common stock sold	27.70%
Wynn Macau \| Casino
Organization and Basis of Presentation [Abstract]
Area of property		275,000
Wynn Macau \| Retail
Organization and Basis of Presentation [Abstract]
Area of property		57,000
Wynn Macau \| Salon and Spa
Organization and Basis of Presentation [Abstract]
No. of facilities		2
Wynn Las Vegas
Organization and Basis of Presentation [Abstract]
Number of hotel		2
Number of rooms in hotel		4,748
Wynn Las Vegas \| Casino
Organization and Basis of Presentation [Abstract]
Area of property		186,000
Wynn Las Vegas \| Retail
Organization and Basis of Presentation [Abstract]
Area of property		96,000
Wynn Las Vegas \| Food and Beverage
Organization and Basis of Presentation [Abstract]
No. of outlets		35
Wynn Las Vegas \| Meeting and convention
Organization and Basis of Presentation [Abstract]
Area of property		284,000
Wynn Las Vegas \| Showrooms
Organization and Basis of Presentation [Abstract]
No. of showrooms		2
Wynn Las Vegas \| Nightclubs and Beachclubs
Organization and Basis of Presentation [Abstract]
No. of facilities		4

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended						1 Months Ended
	Feb. 18, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Feb. 29, 2012	Jun. 30, 2013 Other Observable Inputs (Level 2)	Dec. 31, 2012 Other Observable Inputs (Level 2)	Feb. 18, 2012 Aruze USA, Inc.	Jun. 30, 2013 Fair Value, Measurements, Recurring	Dec. 31, 2012 Fair Value, Measurements, Recurring	Jun. 30, 2013 Fair Value, Measurements, Recurring Other Observable Inputs (Level 2)	Dec. 31, 2012 Fair Value, Measurements, Recurring Other Observable Inputs (Level 2)	Jun. 30, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	May 15, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	Dec. 31, 2012 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	Jun. 30, 2013 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%	Dec. 31, 2012 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%
Summary of Significant Accounting Policies [Line Items]
Cash equivalents											$ 1,036,230,000	$ 969,166,000	$ 820,810,000	$ 888,732,000
Bank deposits and cash on hand											992,000,000	756,000,000
Restricted Cash		243,038,000		243,038,000		99,200,000
Debt instrument, interest rate															7.875%	7.875%	7.875%	2.00%	2.00%
Long-term debt due date															2017
Percentage of credit markers due from customers residing outside of the United States		83.00%		83.00%		84.00%
Adjustment effect in operating income		14,900,000			30,900,000
Adjustment effect in net income		12,000,000			23,300,000
Adjustment effect in diluted earning per share		$ 0.12	$ 0.23	$ 0.12	$ 0.22
Provision for doubtful accounts		11,200,000			17,300,000
Common shares redeemed and canceled	24,549,222			24,549,222						24,549,222
Debt instrument, principal amount		1,940,000,000		1,940,000,000		1,940,000,000	1,940,000,000			1,940,000,000	(1,936,443,000)	(1,936,443,000)	(1,936,443,000)	(1,936,443,000)		500,000,000		1,940,000,000
Gaming tax expenses		462,000,000	443,100,000	943,200,000	907,600,000
Total advertising costs		$ 6,100,000	$ 6,600,000	$ 12,400,000	$ 11,300,000
Percentage of cash equivalents which are deposits held in foreign currencies								60.00%	77.00%

Summary of Estimated Cost of Promotional Allowances (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	$ 41,088	$ 42,470	$ 85,466	$ 88,976
Rooms
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	12,173	12,804	25,229	26,198
Food and Beverage
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	25,829	25,689	53,593	54,083
Entertainment, Retail and Other
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	$ 3,086	$ 3,977	$ 6,644	$ 8,695

Schedule of Assets and Liabilities Carried at Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Feb. 29, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Price Promissory Note	$ 1,940,000	$ 1,940,000	$ 1,940,000
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,036,230	969,166
Restricted cash and available-for-sale securities	470,655	279,221
Redemption Price Promissory Note	(1,936,443)	(1,936,443)
Interest rate swap assets (liability)	12,725	(3,938)
Fair Value, Measurements, Recurring \| Quoted Market Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	215,420	80,434
Restricted cash and available-for-sale securities	243,038
Fair Value, Measurements, Recurring \| Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	820,810	888,732
Restricted cash and available-for-sale securities	227,617	279,221
Redemption Price Promissory Note	(1,936,443)	(1,936,443)
Interest rate swap assets (liability)	$ 12,725	$ (3,938)

Earnings Per Share - Additional Information (Detail)	1 Months Ended	3 Months Ended		6 Months Ended
Earnings Per Share - Additional Information (Detail)	Feb. 18, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Line Items]
Weighted average common shares outstanding (used in calculation of basic earnings per share)		100,484,000	99,782,000	100,361,000	106,243,000
Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)		101,549,000	101,010,000	101,493,000	107,508,000
Redemption and cancellation of common shares, shares	24,549,222			24,549,222

Schedule of Shares used in Calculation of Earnings per Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Weighted Average Shares Used In Computing Earnings Per Share [Line Items]
Weighted average common shares outstanding (used in calculation of basic earnings per share)	100,484	99,782	100,361	106,243
Potential dilution from the assumed exercise of stock options and nonvested stock	1,065	1,228	1,132	1,265
Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)	101,549	101,010	101,493	107,508
Anti-dilutive stock options excluded from the calculation of diluted earnings per share	603	689	603	535
Net income attributable to Wynn Resorts, Ltd.	$ 129,785	$ 138,064	$ 332,748	$ 278,628
Net income attributable to Wynn Resorts, Ltd. per common share, basic	$ 1.29	$ 1.38	$ 3.32	$ 2.62
Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$ 1.28	$ 1.37	$ 3.28	$ 2.59

Changes by Component in Accumulated Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Foreign currency translation
December 31, 2012	$ 4,396
Current period other comprehensive loss	(767)
Amounts reclassified from accumulated other comprehensive income	(524)
Net current-period other comprehensive loss	(1,291)
June 30, 2013	3,105
Unrealized loss on securities
December 31, 2012	(219)
Current period other comprehensive loss	(193)
Amounts reclassified from accumulated other comprehensive income	(15)
Net current-period other comprehensive loss	(208)
June 30, 2013	(427)
Accumulated other comprehensive income
December 31, 2012	4,177
Current period other comprehensive loss	(960)
Amounts reclassified from accumulated other comprehensive income	(539)
Net current-period other comprehensive loss	(1,499)
June 30, 2013	$ 2,678

Supplemental Disclosure of Cash Flow Information - Additional Information (Detail) (USD $)	1 Months Ended		6 Months Ended
	Feb. 29, 2012	Feb. 18, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Supplemental Disclosure of Cash Flow Information [Line Items]
Interest paid			$ 164,000,000	$ 100,000,000
Capitalized interest			3,400,000	500,000
Change in construction payables and retention			24,900,000
Common shares redeemed and canceled		24,549,222	24,549,222
Redemption price of promissory note	$ 1,940,000,000		$ 1,940,000,000		$ 1,940,000,000
Promissory note, year due	2022

Schedule of Investment Securities (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	$ 228,092	$ 180,335
Available-for-sale securities, Gross unrealized gains	68	98
Available-for-sale securities, Gross unrealized losses	(543)	(374)
Available-for-sale securities, Fair value (net carrying amount)	227,617	180,059
Domestic and Foreign Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	201,140	161,631
Available-for-sale securities, Gross unrealized gains	49	94
Available-for-sale securities, Gross unrealized losses	(541)	(369)
Available-for-sale securities, Fair value (net carrying amount)	200,648	161,356
Commercial Paper
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	26,952	18,704
Available-for-sale securities, Gross unrealized gains	19	4
Available-for-sale securities, Gross unrealized losses	(2)	(5)
Available-for-sale securities, Fair value (net carrying amount)	$ 26,969	$ 18,703

Investments by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Amortized cost
Due in one year or less	$ 146,554
Due after one year through two years	81,538
Amortized cost	228,092
Fair value
Due in one year or less	146,386
Due after one year through two years	81,231
Fair value	$ 227,617

Summary of Receivables, Net (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 296,862	$ 340,786
Less: allowance for doubtful accounts	(89,831)	(102,213)
Receivables, net	207,031	238,573
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	232,667	275,302
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	16,947	18,227
Retail Leases and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 47,248	$ 47,257

Schedule of Property and Equipment, Net (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Property and Equipment, Net [Line Items]
Land and improvements	$ 732,209	$ 732,209
Buildings and improvements	3,850,755	3,837,215
Airplanes	135,040	135,392
Furniture, fixtures and equipment	1,655,472	1,646,506
Leasehold interests in land	316,438	316,658
Construction in progress	283,076	110,490
Property and equipment, gross	6,972,990	6,778,470
Less: accumulated depreciation	(2,212,104)	(2,050,571)
Property and equipment, net	$ 4,760,886	$ 4,727,899

Summary of Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Long-term debt total	$ 6,011,813	$ 5,782,820
Current portion of long-term debt	(1,050)	(1,050)
Non current portion of long-term debt	6,010,763	5,781,770
7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017
Debt Instrument [Line Items]
Long-term debt total	222,254	492,616
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020
Debt Instrument [Line Items]
Long-term debt total	350,460	350,378
7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020
Debt Instrument [Line Items]
Long-term debt total	1,320,000	1,320,000
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Debt Instrument [Line Items]
Long-term debt total	900,000	900,000
4 1/4% Wynn Las Vegas Senior Notes Due May 30, 2023
Debt Instrument [Line Items]
Long-term debt total	500,000
Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018
Debt Instrument [Line Items]
Long-term debt total	749,406	749,433
Wynn Macau Senior Revolving Credit Facilities (As Amended July 2012), Due July 31, 2017
Debt Instrument [Line Items]
Long-term debt total
Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%
Debt Instrument [Line Items]
Long-term debt total	1,936,443	1,936,443
$42 Million Note Payable, Due April 1, 2017
Debt Instrument [Line Items]
Long-term debt total	$ 33,250	$ 33,950

Summary of Long-Term Debt (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified				6 Months Ended	12 Months Ended		6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Feb. 29, 2012	Jun. 30, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	Dec. 31, 2012 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	May 15, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	Jun. 30, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020	Dec. 31, 2012 7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020	Jun. 30, 2013 7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020	Dec. 31, 2012 7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020	Jun. 30, 2013 5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022	Dec. 31, 2012 5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022	Jun. 30, 2013 4 1/4% Wynn Las Vegas Senior Notes Due May 30, 2023	Dec. 31, 2012 4 1/4% Wynn Las Vegas Senior Notes Due May 30, 2023	Jun. 30, 2013 Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31, 2017	Dec. 31, 2012 Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31, 2017	Jun. 30, 2013 Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31,2018	Dec. 31, 2012 Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31,2018	Jun. 30, 2013 Wynn Macau Senior Revolving Credit Facilities (As Amended July 2012), Due July 31, 2017	Dec. 31, 2012 Wynn Macau Senior Revolving Credit Facilities (As Amended July 2012), Due July 31, 2017	Jun. 30, 2013 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%	Dec. 31, 2012 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%	Jun. 30, 2013 $42 Million Note Payable, Due April 1, 2017	Dec. 31, 2012 $42 Million Note Payable, Due April 1, 2017	Jun. 30, 2013 Minimum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31, 2017	Dec. 31, 2012 Minimum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31, 2017	Jun. 30, 2013 Minimum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31,2018	Dec. 31, 2012 Minimum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31,2018	Jun. 30, 2013 Minimum Wynn Macau Senior Revolving Credit Facilities (As Amended July 2012), Due July 31, 2017	Dec. 31, 2012 Minimum Wynn Macau Senior Revolving Credit Facilities (As Amended July 2012), Due July 31, 2017	Jun. 30, 2013 Maximum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31, 2017	Dec. 31, 2012 Maximum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31, 2017	Jun. 30, 2013 Maximum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31,2018	Dec. 31, 2012 Maximum Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 Due July 31,2018	Jun. 30, 2013 Maximum Wynn Macau Senior Revolving Credit Facilities (As Amended July 2012), Due July 31, 2017	Dec. 31, 2012 Maximum Wynn Macau Senior Revolving Credit Facilities (As Amended July 2012), Due July 31, 2017
Debt Instrument [Line Items]
Debt instrument, interest rate				7.875%	7.875%	7.875%	7.875%	7.875%	7.75%	7.75%	5.375%	5.375%	4.25%	4.25%							2.00%	2.00%
Debt instrument, principal amount	$ 1,940,000	$ 1,940,000	$ 1,940,000			$ 500,000															$ 1,940,000		$ 42,000	$ 42,000
Long-term debt due date				Nov. 01, 2017	Nov. 01, 2017		May 01, 2020	May 01, 2020	Aug. 15, 2020	Aug. 15, 2020	Mar. 15, 2022	Mar. 15, 2022	May 30, 2023	May 30, 2023			Jul. 31, 2018	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2017	Feb. 18, 2022	Feb. 18, 2022	Apr. 01, 2017	Apr. 01, 2017
Original issue discount				$ 3,041	$ 7,384		$ 1,550	$ 1,632									$ 3,401	$ 3,737
Interest in addition to LIBOR or HIBOR																							1.25%	1.25%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%
Long-term debt, first installment payment date															Jul. 31, 2017	Jul. 31, 2017

Long-Term Debt - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	6 Months Ended												1 Months Ended		6 Months Ended	12 Months Ended	1 Months Ended	6 Months Ended		12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	1 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended			1 Months Ended
	Feb. 18, 2012	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Feb. 29, 2012	Jun. 30, 2013 Amended Wynn Macau Credit Facilities	Jul. 31, 2012 Amended Wynn Macau Credit Facilities	Jul. 31, 2012 Funded Amended Wynn Macau Credit Facilities	Jul. 31, 2012 Senior Secured Revolving Credit Facility Amended Wynn Macau Credit Facilities	Jun. 30, 2013 Mortgage Notes	Dec. 31, 2012 Mortgage Notes	Jun. 30, 2013 Other Debt Instruments	Dec. 31, 2012 Other Debt Instruments	May 22, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	May 15, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	Jun. 30, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	Dec. 31, 2012 7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	May 22, 2013 Four Point Twenty Five Senior Notes Due 2023	Jun. 30, 2013 Four And One Over Four Percentage Wynn Las Vegas Senior Notes Due May Thirty Two Thousand Twenty Three	Jun. 30, 2013 7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020	Dec. 31, 2012 7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020	Jun. 30, 2013 7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020	Dec. 31, 2012 7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020	Jun. 30, 2013 5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022	Dec. 31, 2012 5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022	Feb. 14, 2013 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%	Jun. 30, 2013 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%	Dec. 31, 2012 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2%	Jun. 30, 2013 Senior Credit Facility	Jun. 30, 2013 Senior Credit Facility HIBOR Minimum	Jun. 30, 2013 Senior Credit Facility HIBOR Maximum	Jul. 30, 2013 Senior Credit Facility Subsequent Event
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount		$ 1,940,000,000	$ 1,940,000,000		$ 1,940,000,000	$ 1,940,000,000										$ 500,000,000			$ 500,000,000									$ 1,940,000,000
Debt instrument, interest rate																7.875%	7.875%	7.875%	4.25%		7.875%	7.875%	7.75%	7.75%	5.375%	5.375%		2.00%	2.00%
Long-term debt due year																2017			2023
Tender offer expiration date																	May 21, 2013
Valid tenders received at time of cash tender offer expiration																	274,700,000
Cash tender offer, consideration paid																	19,600,000
Cash tender offer, consideration paid per principal amount																	$ 1,071.45
Principal amount for cash tender offer																	1,000
Unamortized debt issue costs and original issue discount																	6,700,000
Loss on retirement of debt		(26,578,000)	(26,578,000)	(4,828,000)													300,000
Debt instrument, redemption terms															The Issuers satisfied and discharged the 2017 Indenture and, in November 2013,
Debt instrument issuance date																				May 22, 2013
Capitalized financing costs																				4,100,000
Debt maturity date																	Nov. 01, 2017	Nov. 01, 2017		May 30, 2023	May 01, 2020	May 01, 2020	Aug. 15, 2020	Aug. 15, 2020	Mar. 15, 2022	Mar. 15, 2022		Feb. 18, 2022	Feb. 18, 2022	Jul. 31, 2018
Debt instrument, redemption terms																				The Issuers may, at their option, redeem the 2023 Notes, in whole or in part, at any time or from time to time prior to their stated maturity. The redemption price for 2023 Notes that are redeemed before February 28, 2023 will be equal to the greater of (a) 100% of the principal amount of the 2023 Notes to be redeemed or (b) a "make-whole" amount described in the 2023 Indenture, plus in either case accrued and unpaid interest to, but not including, the redemption date.
Debt redemption date																				Feb. 28, 2023
Debt redemption price as percentage of principal																				100.00%
Percentage of principal repayment on the event of change of control																				101.00%
Long-term debt due year																					2020		2020		2022
Payment Default Classification Period for Interest Payment																				30 days
Common stock redeemed, shares	24,549,222		24,549,222
Interest payment due																											38,700,000
Debt purchase price percentage of aggregate principal amount		101.00%	101.00%
Line of credit								2,300,000,000	750,000,000	1,550,000,000
Availability of credit facility							1,550,000,000
Increase of credit facility																																	200,000,000
Interest rate																															1.75%	2.50%
Long-term debt		6,011,813,000	6,011,813,000		5,782,820,000						3,300,000,000	3,100,000,000	782,700,000	783,400,000			222,254,000	492,616,000			350,460,000	350,378,000	1,320,000,000	1,320,000,000	900,000,000	900,000,000		1,936,443,000	1,936,443,000
Fair value of debt instrument											$ 3,500,000,000	$ 3,400,000,000	$ 767,200,000	$ 760,800,000

Interest Rate Swaps - Additional Information (Detail)	6 Months Ended				6 Months Ended
Interest Rate Swaps - Additional Information (Detail)	Jun. 30, 2013 Wynn Macau Swap Two of the swap agreements USD ($) Agreement	Jun. 30, 2013 Wynn Macau Swap Two of the swap agreements HKD	Jun. 30, 2013 Wynn Macau Swap Two of the swap agreements Minimum	Jun. 30, 2013 Wynn Macau Swap Two of the swap agreements Maximum	Jun. 30, 2013 Wynn Macau Swap Interest Rate Swap 3 USD ($) Agreement	Jun. 30, 2013 Wynn Macau Swap Interest Rate Swap 3 Minimum	Jun. 30, 2013 Wynn Macau Swap Interest Rate Swap 3 Maximum	Jun. 30, 2013 Fair Value, Measurements, Recurring USD ($)	Dec. 31, 2012 Fair Value, Measurements, Recurring USD ($)
Interest Rate Swaps [Line Items]
Interest rate swap assets (liability) included in deposits and other assets, fair value								$ 12,725,000	$ (3,938,000)
Number of interest rate swap agreements	3	3			1
Interest rate swap fixed interest rate	0.73%	0.73%	2.48%	3.23%	0.6763%	2.4263%	3.1763%
Interest rate swap notional amount	$ 509,400,000	3,950,000,000			$ 243,750,000
Interest rate swap maturity date	Jul. 01, 2017	Jul. 01, 2017			Jul. 01, 2017

Related Party Transactions - Additional Information (Detail) (USD $)	1 Months Ended	6 Months Ended		1 Months Ended	24 Months Ended	1 Months Ended
	Feb. 18, 2012	Jun. 30, 2013 D acre	Dec. 31, 2012	Mar. 01, 2012 SW Lease	Feb. 29, 2012 SW Lease	Dec. 29, 2012 SW Lease After Amendment
Related Party Transaction [Line Items]
Common shares redeemed and canceled	24,549,222	24,549,222
Amount due to officers and directors		$ 1,100,000	$ 1,000,000
Notice required for lease termination at Villa Suite, days		90
Rental value				$ 440,000	$ 503,831	$ 525,000
Area of land		2
Term of notice required to exercise option		30 days
Agreement expiration		2020-10
Surname Rights Agreement expiration date		October 24, 2017

Property Charges and Other - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Property Charges and Other [Line Items]
Property charges and other	$ 5,612	$ 3,540	$ 10,958	$ 13,826

Noncontrolling Interest - Additional Information (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	1 Months Ended	3 Months Ended		6 Months Ended
	Oct. 31, 2009	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Noncontrolling Interest [Line Items]
Subsidiary common stock, shares issued	1,437,500,000
Percentage of issuance of common stock	27.70%
Net income attributable to noncontrolling interest		$ 62,931	$ 61,229	$ 132,112	$ 119,074

Summary of Total Compensation Cost (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 28,746	$ 5,206	$ 29,868	$ 7,854
Total stock-based compensation capitalized	48	47	96	97
Total stock-based compensation costs	28,794	5,253	29,964	7,951
Casino
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,923	1,720	3,736	950
Rooms
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	218	98	438	200
Food and Beverage
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	292	28	591	55
Entertainment, Retail and Other
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	109		226	14
General and Administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 26,204	$ 3,360	$ 24,877	$ 6,635

Stock-Based Compensation - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012 Stock Options And Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated restricted stock charges	$ 23
Vesting period		8 years

Commitments and Contingencies - Additional Information (Detail)	1 Months Ended	6 Months Ended			1 Months Ended		1 Months Ended				1 Months Ended	6 Months Ended	1 Months Ended
	Feb. 18, 2012	Jun. 30, 2013 USD ($) Derivative	Dec. 31, 2012 USD ($)	Feb. 29, 2012 USD ($)	Feb. 14, 2013 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2% USD ($)	Jun. 30, 2013 Redemption Price Promissory Note With Former Stockholder And Related Party, Due February 18, 2022; Interest At 2% USD ($)	Feb. 18, 2012 Aruze USA, Inc. USD ($)	May 31, 2011 Wynn Macau USD ($) Person	Feb. 22, 2013 Directors	May 03, 2010 Pending Litigation USD ($)	Dec. 31, 2011 Cotai Development and Land Concession Contract USD ($)	Jun. 30, 2013 Cotai Development and Land Concession Contract USD ($) acre Installment	Jul. 29, 2013 Cotai Development and Land Concession Contract Subsequent Event Guarantee Obligations USD ($)	Jul. 29, 2013 Cotai Development and Land Concession Contract Subsequent Event Guarantee Obligations HKD	Jun. 30, 2013 Pre Construction Completion Payments USD ($)	Jun. 30, 2013 Post Construction Completion Payments USD ($)
Commitments and Contingencies [Line Items]
Quantity of land acquired (acres)												51
Land concession contract period (years)												25 years
Total land premium payable												$ 193,400,000
Down payment of premium											62,500,000
Individual semi-annual payment of premium (8 total)												16,400,000
Number of additional semi-annual payments												8
Rate of interest on premium												5.00%
Land premium payment obligation, current		28,614,000	27,937,000
Land premium payment obligation, noncurrent		61,648,000	76,186,000
Annual lease payments															800,000	1,100,000
Project Budget												4,000,000,000
Guaranteed maximum price of contract													2,570,000,000	20,000,000,000
Bond as a percentage of guaranteed maximum price													5.00%	5.00%
Loss contingency, estimate of possible loss										32,000,000
Percentage of shares voted in favor of removal of Mr. Okada									99.60%
Number of voted shares									86,000,000
Common stock redeemed, shares	24,549,222	24,549,222					24,549,222
Redemption price promissory note, principal amount		1,940,000,000	1,940,000,000	1,940,000,000		1,940,000,000	1,940,000,000
Redemption price promissory note, maturity date							2022-02-18
Redemption price promissory note, interest rate							2.00%
Debt purchase price percentage of aggregate principal amount		101.00%
Interest payment due					38,700,000
Donation to University of Macau Development Foundation								25,000,000
Commitment for additional donations to be made								$ 10,000,000
Number of board members on the Board of Directors who approved donations								15
Number of board members on the Board of Directors								16
Number of derivative actions commenced		6
Number of derivative actions commenced in the U.S. District Court		4
Number of derivative actions commenced in State Court		2

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
Income Taxes - Additional Information (Detail) (USD $)	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Line Items]
Income tax expense and benefit	$ (1,124,000)	$ 4,740,000	$ 4,018,000	$ 4,857,000
Excess tax deductions associated with stock compensation costs			10,100,000	1,100,000
Length of second tax exemption period			5 years
Complementary tax rate			12.00%
Amount of complementary tax exemption	$ 24,200,000	$ 24,200,000	$ 50,700,000	$ 46,600,000
Gaming tax			39.00%

Summary of Assets by Segment (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Assets	$ 7,773,339	$ 7,276,594
Wynn Macau
Segment Reporting Information [Line Items]
Assets	2,881,592	3,004,658
Wynn Las Vegas
Segment Reporting Information [Line Items]
Assets	3,855,504	3,669,881
Corporate and Other
Segment Reporting Information [Line Items]
Assets	$ 1,036,243	$ 602,055

Summary of Results of Operations by Segment (Detail) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

6 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2013

Jun. 30, 2012

Segment Reporting Information [Line Items]

Net revenues

$ 1,332,273

$ 1,253,207

$ 2,710,927

$ 2,566,705

Adjusted Property EBITDA

425,745

^[1]

384,129

^[1]

876,813

^[1]

774,786

^[1]

Other operating costs and expenses

Pre-opening costs

434

886

Depreciation and amortization

93,218

93,463

185,736

185,868

Property charges and other

5,612

3,540

10,958

13,826

Corporate expenses and other

52,066

22,747

70,970

50,149

Equity in income from unconsolidated affiliates

391

256

591

721

Total

151,721

120,006

269,141

250,564

Operating income

274,024

264,123

607,672

524,222

Non-operating costs and expenses

Interest income

4,158

2,483

8,380

4,048

Interest expense, net of capitalized interest

(73,764)

(73,874)

(149,141)

(135,935)

Increase in swap fair value

13,512

2,646

16,656

4,930

Loss on retirement of debt

(26,578)

(4,828)

Equity in income from unconsolidated affiliates

391

256

591

721

Other

2,097

(1,081)

3,262

(313)

Total

(80,184)

(69,570)

(146,830)

(131,377)

Income before income taxes

193,840

194,553

460,842

392,845

(Provision) benefit for income taxes

(1,124)

4,740

4,018

4,857

Net income

192,716

199,293

464,860

397,702

Wynn Macau

Segment Reporting Information [Line Items]

Net revenues

930,891

907,641

1,922,956

1,858,344

Adjusted Property EBITDA

290,088

^[1]

302,210

^[1]

620,799

^[1]

591,983

^[1]

Wynn Las Vegas

Segment Reporting Information [Line Items]

Net revenues

401,382

345,566

787,971

708,361

Adjusted Property EBITDA

$ 135,657

^[1]

$ 81,919

^[1]

$ 256,014

^[1]

$ 182,803

^[1]

[1]

"Adjusted Property EBITDA" is earnings before interest, taxes, depreciation, amortization, pre-opening costs, property charges and other, corporate expenses, intercompany golf course and water rights leases, stock-based compensation, and other non-operating income and expenses and includes equity in income from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors. The Company also presents Adjusted Property EBITDA because it is used by some investors as a way to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to financial measures in accordance with U.S. generally accepted accounting principles ("GAAP"). In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including Wynn Resorts, Limited, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, Wynn Resorts' calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

Subsequent Events - Additional Information (Detail) (Subsequent Event, USD $)	1 Months Ended
	Jul. 31, 2013
Subsequent Event
Subsequent Event [Line Items]
Declared cash dividend	$ 1.00
Dividend payable, date declared	Jul. 29, 2013
Dividend payable, date to be paid	Aug. 26, 2013
Dividend payable, record date	Aug. 12, 2013