0001174922-21-000104 | 10-Q | XBRL Viewer

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Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2021	Jul. 27, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	000-50028
Entity Registrant Name	WYNN RESORTS, LIMITED
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	46-0484987
Entity Address, Address Line One	3131 Las Vegas Boulevard South
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89109
City Area Code	702
Local Phone Number	770-7555
Title of 12(b) Security	Common stock, par value $0.01
Trading Symbol	WYNN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		115,671,633
Amendment Flag	false
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 2,802,716	$ 3,482,032
Restricted cash	2,577	0
Accounts receivable, net of allowance for credit losses of $98,043 and $100,329	245,959	200,158
Inventories	66,100	66,285
Prepaid expenses and other	97,737	64,672
Total current assets	3,215,089	3,813,147
Property and equipment, net	8,925,386	9,196,644
Restricted cash	3,792	4,352
Goodwill and intangible assets, net	291,510	278,195
Operating lease assets	386,501	398,594
Other assets	200,387	178,615
Total assets	13,022,665	13,869,547
Current liabilities:
Accounts and construction payables	168,143	148,478
Customer deposits	501,652	646,856
Gaming taxes payable	60,617	66,346
Accrued compensation and benefits	163,169	126,846
Accrued interest	132,220	136,421
Current portion of long-term debt	1,308,353	596,408
Other accrued liabilities	204,148	159,533
Total current liabilities	2,538,302	1,880,888
Long-term debt	10,612,560	12,469,362
Long-term operating lease liabilities	119,471	123,124
Other long-term liabilities	106,171	133,490
Total liabilities	13,376,504	14,606,864
Commitments and contingencies (Note 15)
Stockholders' equity (deficit):
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding	0	0
Common stock, par value $0.01; 400,000,000 shares authorized; 131,318,273 and 123,482,836 shares issued; 115,683,983 and 107,888,336 shares outstanding, respectively	1,313	1,235
Treasury stock, at cost; 15,634,290 and 15,594,500 shares, respectively	(1,427,094)	(1,422,531)
Additional paid-in capital	3,466,908	2,598,115
Accumulated other comprehensive income	6,293	3,604
Accumulated deficit	(1,944,668)	(1,532,420)
Total Wynn Resorts, Limited stockholders' equity (deficit)	102,752	(351,997)
Noncontrolling interests	(456,591)	(385,320)
Total stockholders' deficit	(353,839)	(737,317)
Total liabilities and stockholders' deficit	$ 13,022,665	$ 13,869,547

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 98,043	$ 100,329
Preferred stock, par value (usd per share)	$ 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 (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	131,318,273	123,482,836
Common stock, shares outstanding	115,683,983	107,888,336
Treasury stock, shares	15,634,290	15,594,500

Condensed Consolidated Statements Of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating revenues:
Total operating revenues	$ 990,113	$ 85,698	$ 1,726,795	$ 1,039,414
Operating expenses:
General and administrative	197,545	152,081	377,319	386,409
Provision for credit losses	441	28,347	7,808	48,960
Pre-opening	2,495	2,186	4,122	4,737
Depreciation and amortization	183,307	179,266	368,428	358,012
Property charges and other	5,651	6,567	11,268	33,796
Total operating expenses	1,019,634	608,714	1,932,048	1,809,841
Operating loss	(29,521)	(523,016)	(205,253)	(770,427)
Other income (expense):
Interest income	720	3,983	1,624	11,936
Interest expense, net of amounts capitalized	(150,424)	(133,218)	(303,276)	(262,045)
Change in derivatives fair value	972	(3,294)	5,381	(18,954)
Loss on extinguishment of debt	0	(619)	(1,322)	(1,462)
Other	5,553	2,233	(5,540)	12,568
Other income (expense), net	(143,179)	(130,915)	(303,133)	(257,957)
Loss before income taxes	(172,700)	(653,931)	(508,386)	(1,028,384)
Provision for income taxes	(697)	(80,938)	(1,190)	(156,738)
Net loss	(173,397)	(734,869)	(509,576)	(1,185,122)
Less: net loss attributable to noncontrolling interests	42,028	97,305	97,229	145,521
Net loss attributable to Wynn Resorts, Limited	$ (131,369)	$ (637,564)	$ (412,347)	$ (1,039,601)
Net loss attributable to Wynn Resorts, Limited:
Basic (in usd per share)	$ (1.15)	$ (5.97)	$ (3.66)	$ (9.74)
Diluted (in usd per share)	$ (1.15)	$ (5.97)	$ (3.66)	$ (9.74)
Weighted average common shares outstanding:
Basic (in shares)	114,545	106,713	112,792	106,688
Diluted (in shares)	114,545	106,713	112,792	106,688
Dividends declared per common share (usd per share)	$ 0	$ 0	$ 0	$ 1.00
Casino
Operating revenues:
Total operating revenues	$ 602,746	$ 9,413	$ 1,118,964	$ 580,202
Operating expenses:
Cost of goods and services sold	381,615	131,138	733,581	573,828
Rooms
Operating revenues:
Total operating revenues	137,765	17,415	213,955	170,096
Operating expenses:
Cost of goods and services sold	50,552	30,367	84,087	103,847
Food and beverage
Operating revenues:
Total operating revenues	149,142	24,007	217,651	173,421
Operating expenses:
Cost of goods and services sold	117,106	61,889	191,054	237,799
Entertainment, retail and other
Operating revenues:
Total operating revenues	100,460	34,863	176,225	115,695
Operating expenses:
Cost of goods and services sold	$ 80,922	$ 16,873	$ 154,381	$ 62,453

Condensed Consolidated Statements Of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (173,397)	$ (734,869)	$ (509,576)	$ (1,185,122)
Other comprehensive (loss) income:
Foreign currency translation adjustments, before and after tax	(290)	53	3,742	1,068
Total comprehensive loss	(173,687)	(734,816)	(505,834)	(1,184,054)
Less: comprehensive loss attributable to noncontrolling interests	42,110	97,291	96,176	145,224
Comprehensive loss attributable to Wynn Resorts, Limited	$ (131,577)	$ (637,525)	$ (409,658)	$ (1,038,830)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

Condensed Consolidated Statement Of Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Total Wynn Resorts, Ltd. stockholders' equity	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive loss	Noncontrolling interests	Retained earnings (Accumulated deficit)
Beginning balance at Dec. 31, 2019	$ 1,541,472	$ 1,743,045	$ 1,228	$ (1,410,998)	$ 2,512,676	$ (1,679)	$ (201,573)	$ 641,818
Beginning balance (in shares) at Dec. 31, 2019			107,363,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(1,185,122)	(1,039,601)					(145,521)	(1,039,601)
Currency translation adjustment	1,068	771				771	297
Issuance of restricted stock	7,527	6,709	$ 6		6,703		818
Issuance of restricted stock (in shares)			661,015
Cancellation of restricted stock (in shares)			(73,047)
Shares repurchased by the Company and held as treasury shares	(8,296)	(8,437)		(8,437)			141
Shares repurchased by the Company and held as treasury shares (in shares)			(82,046)
Cash dividends declared	(107,277)	(107,307)					30	(107,307)
Distribution to noncontrolling interest	(998)						(998)
Stock-based compensation	25,824	24,339			24,339		1,485
Ending balance at Jun. 30, 2020	274,198	619,519	$ 1,234	(1,419,435)	2,543,718	(908)	(345,321)	(505,090)
Ending balance (in shares) at Jun. 30, 2020			107,869,865
Beginning balance at Dec. 31, 2019	1,541,472	1,743,045	$ 1,228	(1,410,998)	2,512,676	(1,679)	(201,573)	641,818
Beginning balance (in shares) at Dec. 31, 2019			107,363,943
Ending balance at Dec. 31, 2020	(737,317)	(351,997)	$ 1,235	(1,422,531)	2,598,115	3,604	(385,320)	(1,532,420)
Ending balance (in shares) at Dec. 31, 2020			107,888,336
Beginning balance at Mar. 31, 2020	992,480	1,242,090	$ 1,234	(1,416,525)	2,526,062	(947)	(249,610)	132,266
Beginning balance (in shares) at Mar. 31, 2020			107,884,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(734,869)	(637,564)					(97,305)	(637,564)
Currency translation adjustment	53	39				39	14
Issuance of restricted stock	806	617	$ 0		617		189
Issuance of restricted stock (in shares)			40,270
Cancellation of restricted stock (in shares)			(17,477)
Shares repurchased by the Company and held as treasury shares	(2,769)	(2,910)		(2,910)			141
Shares repurchased by the Company and held as treasury shares (in shares)			(37,091)
Cash dividends declared	224	208					16	208
Stock-based compensation	18,273	17,039			17,039		1,234
Ending balance at Jun. 30, 2020	274,198	619,519	$ 1,234	(1,419,435)	2,543,718	(908)	(345,321)	(505,090)
Ending balance (in shares) at Jun. 30, 2020			107,869,865
Beginning balance at Dec. 31, 2020	(737,317)	(351,997)	$ 1,235	(1,422,531)	2,598,115	3,604	(385,320)	(1,532,420)
Beginning balance (in shares) at Dec. 31, 2020			107,888,336
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(509,576)	(412,347)					(97,229)	(412,347)
Currency translation adjustment	3,742	2,689				2,689	1,053
Issuance of common stock, net of $17.7 million underwriter discounts, commissions and other expenses	841,896	841,896	$ 75		841,821
Issuance of common stock, net of $17.7 million underwriter discounts, commissions and other expenses (in shares)			7,475,000
Issuance of restricted stock	6,272	5,902	$ 3		5,899		370
Issuance of restricted stock (in shares)			379,971
Cancellation of restricted stock	114	99	$ 0				15	99
Cancellation of restricted stock (in shares)			(19,534)
Shares repurchased by the Company and held as treasury shares	(4,563)	(4,563)		(4,563)			0
Shares repurchased by the Company and held as treasury shares (in shares)			(39,790)
Distribution to noncontrolling interest	(6,479)						(6,479)
Subsidiary equity issuance	5,160	20,211			(20,211)		25,371
Stock-based compensation	46,912	41,284			41,284		5,628
Ending balance at Jun. 30, 2021	(353,839)	102,752	$ 1,313	(1,427,094)	3,466,908	6,293	(456,591)	(1,944,668)
Ending balance (in shares) at Jun. 30, 2021			115,683,983
Beginning balance at Mar. 31, 2021	(202,939)	233,683	$ 1,313	(1,426,887)	3,466,073	6,501	(436,622)	(1,813,317)
Beginning balance (in shares) at Mar. 31, 2021			115,647,328
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(173,397)	(131,369)					(42,028)	(131,369)
Currency translation adjustment	(290)	(208)				(208)	(82)
Issuance of restricted stock (in shares)			44,686
Cancellation of restricted stock	24	18	$ 0				6	18
Cancellation of restricted stock (in shares)			(6,435)
Shares repurchased by the Company and held as treasury shares	(207)	(207)		(207)
Shares repurchased by the Company and held as treasury shares (in shares)			(1,596)
Distribution to noncontrolling interest	(6,479)						(6,479)
Subsidiary equity issuance	5,160	20,211			(20,211)		25,371
Stock-based compensation	24,289	21,046			21,046		3,243
Ending balance at Jun. 30, 2021	$ (353,839)	$ 102,752	$ 1,313	$ (1,427,094)	$ 3,466,908	$ 6,293	$ (456,591)	$ (1,944,668)
Ending balance (in shares) at Jun. 30, 2021			115,683,983

Condensed Consolidated Statement Of Stockholders' Equity (unaudited) (Parenthetical) $ in Millions	6 Months Ended
	Jun. 30, 2021 USD ($)
Statement of Stockholders' Equity [Abstract]
Underwriter discounts, commissions, and other expenses	$ 17.7

Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (509,576)	$ (1,185,122)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	368,428	358,012
Deferred income taxes	(767)	155,316
Stock-based compensation expense	49,453	30,448
Amortization of debt issuance costs	13,241	14,155
Loss on extinguishment of debt	1,322	1,462
Provision for credit losses	7,808	48,960
Change in derivatives fair value	(5,381)	18,954
Property charges and other	16,808	21,228
Increase (decrease) in cash from changes in:
Receivables, net	(53,799)	(39)
Inventories, prepaid expenses and other	(35,819)	15,579
Customer deposits	(144,407)	111,967
Accounts payable and accrued expenses	65,882	(198,907)
Net cash used in operating activities	(226,807)	(607,987)
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(110,045)	(191,682)
Purchase of intangible and other assets	(15,741)	0
Proceeds from sale of assets and other	3,502	3,733
Net cash used in investing activities	(122,284)	(187,949)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	50,058	2,894,134
Repayments of long-term debt	(1,205,099)	(527,535)
Proceeds from issuance of Wynn Resorts, Limited common stock	841,896	0
Repurchase of common stock	(4,563)	(8,437)
Finance lease payments	(7,784)	(74)
Proceeds from exercise of stock options	0	70
Dividends paid	(388)	(108,074)
Distribution to noncontrolling interest	(6,479)	(998)
Proceeds from issuance of subsidiary common stock	4,662	0
Payments for financing costs	(2,152)	(13,196)
Net cash (used in) provided by financing activities	(329,849)	2,235,890
Effect of exchange rate on cash, cash equivalents and restricted cash	1,641	4,341
Cash, cash equivalents and restricted cash:
(Decrease) increase in cash, cash equivalents and restricted cash	(677,299)	1,444,295
Balance, beginning of period	3,486,384	2,358,292
Balance, end of period	2,809,085	3,802,587
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	294,011	238,044
Liability settled with shares of common stock	6,272	6,720
Accounts and construction payables related to property and equipment	66,701	127,674
Other liabilities related to intangible assets	13,796	14,088
Finance lease liabilities arising from obtaining finance lease assets	$ 7,423	$ 0

Organization	6 Months Ended
Organization	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Organization Wynn Resorts, Limited, a Nevada corporation (together with its subsidiaries, "Wynn Resorts" or the "Company"), is a designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming. In the Macau Special Administrative Region of the People's Republic of China ("Macau"), the Company owns approximately 72% of Wynn Macau, Limited ("WML"), which includes the operations of the Wynn Palace and Wynn Macau resorts. The Company refers to Wynn Palace and Wynn Macau as its Macau Operations. In Las Vegas, Nevada, the Company operates and, with the exception of certain retail space, owns 100% of Wynn Las Vegas. Additionally, the Company is a 50.1% owner and managing member of a joint venture that owns and leases certain retail space at Wynn Las Vegas (the "Retail Joint Venture"). The Company refers to Wynn Las Vegas, Encore, an expansion at Wynn Las Vegas, and the Retail Joint Venture as its Las Vegas Operations. On June 23, 2019, the Company opened Encore Boston Harbor, an integrated resort in Everett, Massachusetts, that is owned 100% by the Company. In October 2020, Wynn Interactive Ltd. ("Wynn Interactive") was formed through the merger of the Company's U.S. online sports betting and gaming business, social casino business, and Wynn Resorts' strategic partner, BetBull Limited ("BetBull"). Wynn Resorts holds an approximately 74% interest in, and consolidates, Wynn Interactive. The results of Wynn Interactive's operations are presented within Corporate and other in the accompanying condensed consolidated financial statements, except where otherwise noted. Recent Developments Related to COVID-19 Since the outbreak of COVID-19 in early 2020, steps have been taken by various countries, including those in which the Company operates, to advise citizens to avoid non-essential travel, to restrict inbound international travel, to implement closures of non-essential operations, and to implement quarantines and lockdowns to contain the spread of the virus. As part of the immediate response to the initial outbreak of COVID-19, each of the Company's properties was subject to partial or full closure for varying lengths of time during 2020, and have all since reopened. Several vaccines have been granted authorization in numerous countries and are being rolled out to citizens based on availability and priority of need. There can be no assurance as to when a sufficient number of individuals will be vaccinated, permitting travel restrictions to be fully lifted. Macau Operations Visitation to Macau has fallen significantly since the outbreak of COVID-19, driven by the strong deterrent effect of the COVID-19 pandemic on travel and social activities, quarantine measures in Macau and elsewhere, travel and entry restrictions and conditions in Macau, the PRC, Hong Kong and Taiwan involving COVID-19 testing, among other things, and the suspension or reduced accessibility of transportation to and from Macau. Beginning in June 2020 certain restrictions and conditions have eased to allow for visitation to Macau as certain regions recover from the COVID-19 pandemic. Quarantine-free travel, subject to COVID-19 safeguards such as testing and the usual visa requirements, has been reintroduced between Macau and most areas and cities within the PRC, and in September 2020, PRC authorities fully resumed the IVS exit visa program, which permits individual PRC citizens from nearly 50 PRC cities to travel to Macau for tourism purposes. On August 3, 2021, in response to a risk of a community outbreak, the government of Macau has announced enhanced measures including tighter border control and strict mandatory COVID-19 testing requirements. Las Vegas Operations and Encore Boston Harbor The Company’s Las Vegas Operations and Encore Boston Harbor had each implemented certain COVID-19 specific protective measures, such as limiting the number of seats per table game, slot machine spacing, temperature checks, mask protection, and suspension of certain entertainment and nightlife offerings. On April 8, 2021, Encore at Wynn Las Vegas resumed full operations. On May 3, 2021, the Company's Las Vegas Operations were permitted by the Nevada Gaming Control Board to reopen all gaming areas to 100% of capacity, with no continuing table game or slot machine spacing restrictions. On July 27, 2021, the Governor of Nevada issued an emergency directive, in accordance with new recommendations from the Centers for Disease Control, re-imposing mask protection requirements in all public indoor areas effective July 30, 2021. At Encore Boston Harbor, on January 25, 2021, limitations on operating hours that had been in place since November 2020 were lifted, and the property restored certain operations and reopened its hotel tower on a Thursday through Sunday schedule. On April 27, 2021, the Governor of Massachusetts announced a phased plan for further reopening and on May 28, 2021 signed an executive order rescinding the COVID-19 related restrictions and limitations on businesses as of May 29, 2021. The property continues to operate its hotel tower Thursday through Sunday. Summary The COVID-19 pandemic has had and will continue to have an adverse effect on the Company's results of operations. Notwithstanding the easing of certain COVID-19 protective measures by authorities throughout the world, certain travel restrictions, quarantine measures, testing requirements, and capacity limitations remain in effect at our Macau Operations, and the Company is currently unable to determine when protective measures and the suspension of certain offerings in effect at our Macau Operations will be lifted. Given the uncertainty around the extent and timing of the potential future spread or mitigation of COVID-19 and around the imposition or relaxation of protective measures, management cannot reasonably estimate the impact to the Company's future results of operations, cash flows, or financial condition. As of June 30, 2021, the Company had total cash and cash equivalents, excluding restricted cash, of $2.80 billion, and had access to $834.2 million of available borrowing capacity from the WRF Revolving Facility and $293.2 million of available borrowing capacity from the Wynn Macau Revolving Facility. The Company has suspended its dividend program. Given the Company's liquidity position at June 30, 2021, the Company believes it is able to support continuing operations and respond to the current COVID-19 pandemic challenges. Macau Gaming Concession The term of the Company's concession agreement with the Macau government ends on June 26, 2022. If the term of this concession agreement is not extended or renewed or is not replaced by a new gaming concession, all of the Company's gaming operations and related equipment in Macau will be automatically transferred to the Macau government without compensation on that date and the Company will cease to generate gaming revenues from its Macau Operations. In addition, under the indentures governing the Company's $4.7 billion aggregate principal amount of WML Senior Notes, upon the occurrence of any event after which none of WML or any of its subsidiaries own or manage casino or gaming areas or operate casino games of fortune and chance in Macau in substantially the same manner as they are owning or managing casino or gaming areas or operating casino games as of the issue date of the respective senior notes, for a period of 10 consecutive days or more, and such event has a material adverse effect on the financial condition, business, properties or results of operations of WML and its subsidiaries, taken as a whole, holders of the WML Senior Notes can require the Company to repurchase all or any part of the WML Senior Notes at par, plus any accrued and unpaid interest (the "Special Put Option"). The Macau government has publicly commented that it is studying the process by which concessions and subconcessions may be renewed, extended or issued. The Company is monitoring developments with respect to the Macau government's concession renewal or extension process, and at this time believes that its concession will be renewed or extended beyond June 26, 2022. The failure to extend or renew the Company's concession or obtain a new concession and the resulting ability of the WML Senior Note holders to exercise the Special Put Option would have a material adverse effect on the Company's business, financial condition, results of operations, and cash flows. Business Combination Agreement On May 10, 2021, Wynn Interactive entered into a business combination agreement (the "Business Combination Agreement") with Austerlitz Acquisition Corporation I, a Cayman Islands exempted company ("Austerlitz I"), and Wave Merger Sub Limited, an exempted company limited by shares incorporated in Bermuda and a direct, wholly owned subsidiary of Austerlitz I ("Merger Sub"). The Business Combination Agreement provides for, among other things, the consummation of the following transactions: (i) Austerlitz I will transfer by way of continuation from the Cayman Islands to Bermuda and change its name to "Wynn Interactive, Limited"; and (ii) Merger Sub will merge with and into Wynn Interactive (the "Merger"), with Wynn Interactive being the surviving company of the Merger and direct, wholly owned subsidiary of Austerlitz I. Upon closing of the transaction, assuming no share redemptions by the public stockholders of Austerlitz I, the Company is expected to retain an approximately 58% equity interest (and approximately 72% voting interest) in Wynn Interactive. The proposed business combination is expected to close by the end of 2021, subject to approval by Austerlitz I's stockholders, gaming regulatory approval and other customary closing conditions.

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Significant Accounting Policies Basis of Presentation 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 U.S. generally accepted accounting principles ("GAAP") 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, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary to a fair presentation of the results for the interim periods presented. The results for the three and six months ended June 30, 2021 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, 2020. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 16, "Retail Joint Venture." All significant intercompany accounts and transactions have been eliminated. Certain amounts in the condensed consolidated financial statements for the first quarter of 2021 have been reclassified to be consistent with the current quarter presentation. These reclassifications had no effect on the previously reported net loss or operating loss. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates and assumptions reflected in the financial statements relate to and include, but are not limited to, inputs into the Company's estimated allowance for credit losses, estimates regarding the useful lives and recoverability of the cost of long-lived assets, fair value estimates of intangible assets and their estimated useful lives, and litigation and contingency estimates. Gaming Taxes The Company is subject to taxes based on gross gaming revenues in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Operations. These taxes totaled $234.2 million and $12.5 million for the three months ended June 30, 2021 and 2020, respectively, and $449.2 million and $266.4 million for the six months ended June 30, 2021 and 2020, respectively. Recently Issued Accounting Standards In March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04"). ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates and, particularly, the risk of cessation of the London Interbank Offered Rate (referred to as "LIBOR"), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction-based and less susceptible to manipulation. ASU 2020-04 also provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. ASU 2020-04 can be adopted no later than December 1, 2022 with early adoption permitted. The Company is currently assessing the impact the adoption of the new guidance will have on its consolidated financial statements.

Cash, Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2021

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

Cash, Cash Equivalents and Restricted CashCash, cash equivalents and restricted cash consisted of the following (in thousands):


	June 30, 2021		December 31, 2020
Cash and cash equivalents:
Cash (1)	$	2,437,127	$	2,501,452
Cash equivalents (2)	365,589		980,580
Total cash and cash equivalents	2,802,716		3,482,032
Restricted cash (3)	6,369		4,352
Total cash, cash equivalents and restricted cash	$	2,809,085	$	3,486,384
(1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds. (3) Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in a trust in accordance with WML's share award plan.

Receivables, net

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Receivables, net

Accounts Receivable and Credit Risk

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


	June 30, 2021		December 31, 2020
Casino	$	243,489	$	207,823
Hotel	15,039		7,075
Other	85,474		85,589
	344,002		300,487
Less: allowance for credit losses	(98,043)		(100,329)
	$	245,959	$	200,158

As of June 30, 2021 and December 31, 2020, approximately 68.7% and 77.3%, 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 the countries in which the Company's customers reside could affect the collectability of such receivables.

The Company’s allowance for casino credit losses was 39.3% and 47.2% of gross casino receivables as of June 30, 2021 and December 31, 2020, respectively. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowance for credit losses from its hotel and other receivables is not material.

The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the period (in thousands):


	June 30, 2021		June 30, 2020
Balance at beginning of year	$	100,329	$	39,317
Provision for credit losses	7,808		48,960
Write-offs	(10,490)		(144)
Recoveries of receivables previously written off	462		60
Effect of exchange rate	(66)		126
Balance at end of period	$	98,043	$	88,319

Property and Equipment, net

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment, net

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


	June 30, 2021		December 31, 2020
Buildings and improvements	$	9,745,976	$	9,758,846
Land and improvements	1,276,442		1,265,510
Furniture, fixtures and equipment	3,105,343		3,093,481
Airplanes	110,623		110,623
Construction in progress	181,264		136,390
	14,419,648		14,364,850
Less: accumulated depreciation	(5,494,262)		(5,168,206)
	$	8,925,386	$	9,196,644

As of June 30, 2021 and December 31, 2020, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties, including the Wynn Las Vegas room remodel.

Depreciation expense for the three months ended June 30, 2021 and 2020 was $176.1 million and $172.8 million, respectively, and depreciation expense for the six months ended June 30, 2021 and 2020 was $353.9 million and $345.1 million, respectively.

Goodwill

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table shows the movement in the Company's goodwill balance that occurred during the six-month period (in thousands):



Balance as of January 1, 2021	$	144,095
Foreign currency translation	1,084
Balance as of June 30, 2021	$	145,179

Long-Term Debt

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Long-Term Debt

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


	June 30, 2021		December 31, 2020
Macau Related:
Wynn Macau Credit Facilities (1):
Wynn Macau Term Loan, due 2022 (2)	$	802,898	$	1,268,106
Wynn Macau Revolver, due 2022 (3)	457,290		407,443
WML 4 7/8% Senior Notes, due 2024	600,000		600,000
WML 5 1/2% Senior Notes, due 2026	1,000,000		1,000,000
WML 5 1/2% Senior Notes, due 2027	750,000		750,000
WML 5 5/8% Senior Notes, due 2028	1,350,000		1,350,000
WML 5 1/8% Senior Notes, due 2029	1,000,000		1,000,000

U.S. and Corporate Related:
WRF Credit Facilities (4):
WRF Term Loan, due 2024	912,500		937,500
WRF Revolver, due 2024	—		716,000
WLV 4 1/4% Senior Notes, due 2023	500,000		500,000
WLV 5 1/2% Senior Notes, due 2025	1,780,000		1,780,000
WLV 5 1/4% Senior Notes, due 2027	880,000		880,000
WRF 7 3/4% Senior Notes, due 2025	600,000		600,000
WRF 5 1/8% Senior Notes, due 2029	750,000		750,000
Retail Term Loan, due 2025 (5)	615,000		615,000
	11,997,688		13,154,049
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(76,775)		(88,279)
	11,920,913		13,065,770
Less: Current portion of long-term debt	(1,308,353)		(596,408)
Total long-term debt, net of current portion	$	10,612,560	$	12,469,362

(1) The borrowings under the Wynn Macau Credit Facilities bear interest at LIBOR or HIBOR plus a margin of 1.50% to 2.25% per annum based on Wynn Resorts Macau S.A.’s leverage ratio.

(2) Approximately $454.4 million and $348.5 million of the Wynn Macau Term Loan bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of June 30, 2021, the weighted average interest rate was approximately 2.35%. In January 2021, the Company prepaid $412.5 million of the Wynn Macau Term Loan.

(3) Approximately $260.2 million and $197.1 million of the Wynn Macau Revolver bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of June 30, 2021, the weighted average interest rate was approximately 2.34%. As of June 30, 2021, the available borrowing capacity under the Wynn Macau Revolver was $293.2 million.

(4) The WRF Credit Facilities bear interest at a rate of LIBOR plus 1.75% per year. As of June 30, 2021, the weighted average interest rate was approximately 1.86%. Additionally, as of June 30, 2021, the available borrowing capacity under the WRF Revolver was $834.2 million, net of $15.8 million in outstanding letters of credit.

(5) The Retail Term Loan bears interest at a rate of LIBOR plus 1.70% per year. As of June 30, 2021, the effective interest rate was 2.70%.

Wynn Macau Credit Facilities Refinancing Commitment

In August 2021, a subsidiary of WML received lender commitments for a senior unsecured revolving credit facility in an aggregate principal amount of up to $1.50 billion with a final maturity four years from inception. The Company expects to enter into the facility during the third quarter of 2021, and to use a portion of the net proceeds from borrowings under the new facility to facilitate the repayment of the outstanding $1.26 billion of borrowings under the existing Wynn Macau Credit Facilities at closing.

Debt Covenant Compliance

As of June 30, 2021, management believes the Company was in compliance with all debt covenants.

Fair Value of Long-Term Debt

The estimated fair value of the Company's long-term debt as of June 30, 2021 and December 31, 2020, was approximately $12.41 billion and $13.35 billion, respectively, compared to its carrying value, excluding debt issuance costs and original issue discount and premium, of $12.00 billion and $13.15 billion, respectively. The estimated fair value of the Company's long-term debt is based on recent trades, if available, and indicative pricing from market information (Level 2 inputs).

Stockholders' Equity (Deficit)	6 Months Ended
Stockholders' Equity (Deficit)	Jun. 30, 2021
Equity [Abstract]
Stockholders' Equity (Deficit)	Stockholders' Equity (Deficit) Equity Offering On February 11, 2021, the Company completed a registered public offering of 7,475,000 newly issued shares of its common stock, par value $0.01 per share, at a price of $115.00 per share for proceeds of $841.9 million, net of $17.7 million in underwriting discounts, commissions, and other expenses. The Company used $716.0 million of the proceeds from the equity offering to repay the then outstanding borrowings under the WRF Revolver, and intends to use the remaining net proceeds for general corporate purposes. Dividends During the first quarter of 2020, the Company paid a cash dividend of $1.00 per share, and recorded $107.5 million as a reduction of retained earnings from cash dividends declared. On May 6, 2020, the Company announced that it had suspended its quarterly dividend program due to the financial impact of the COVID-19 pandemic. Noncontrolling Interests On April 16, 2021, Wynn Interactive issued a pre-emptive rights notice to its shareholders in connection with the proposed creation and issuance of new Class A shares. Upon the consummation of the share issuance in May 2021, Wynn Interactive issued 3,229 new Class A shares to noncontrolling interest holders in exchange for aggregate proceeds of $4.7 million. The WML board of directors concluded not to recommend the payment of a dividend with respect to either of the years ended December 31, 2020 or 2019 due to the financial impact of the COVID-19 pandemic. As such, WML paid no dividends during 2020 or the six months ended June 30, 2021. During the six months ended June 30, 2021 and 2020, the Retail Joint Venture made aggregate distributions of approximately $6.48 million and $1.0 million, respectively, to its noncontrolling interest holder. For more information on the Retail Joint Venture, see Note 16, "Retail Joint Venture".

Fair Value Measurements

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following tables present assets and liabilities carried at fair value (in thousands):


			Fair Value Measurements Using:
	June 30, 2021		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	365,589	$	—	$	365,589	—
Restricted cash	$	6,369	$	4,631	$	1,738	—

Liabilities:
Interest rate collar	$	11,527	—		$	11,527	—

			Fair Value Measurements Using:
	December 31, 2020		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	980,580	$	504,980	$	475,600	—
Restricted cash	$	4,352	$	2,054	$	2,298	—

Liabilities:
Interest rate collar	$	16,908	—		$	16,908	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Customer Contract Liabilities

6 Months Ended

Jun. 30, 2021

Revenue Recognition [Abstract]

Customer Contract Liabilties

Customer Contract Liabilities

In providing goods and services to its customers, there is often a timing difference between the Company receiving cash and the Company recording revenue for providing services or holding events.

The Company's primary liabilities associated with customer contracts are as follows (in thousands):


	June 30, 2021		December 31, 2020		Increase (decrease)		June 30, 2020		December 31, 2019		Increase (decrease)
Casino outstanding chips and front money deposits (1)	$	431,536	$	596,463	$	(164,927)	$	904,792	$	769,053	$	135,739
Advance room deposits and ticket sales (2)	56,208		29,224		26,984		28,874		49,834		(20,960)
Other gaming-related liabilities (3)	10,333		7,882		2,451		5,592		13,970		(8,378)
Loyalty program and related liabilities (4)	29,260		22,736		6,524		21,566		21,148		418
	$	527,337	$	656,305	$	(128,968)	$	960,824	$	854,005	$	106,819

(1) Casino outstanding chips generally represent amounts owed to gaming promoters and customers for chips in their possession, and casino front money deposits represent funds deposited by customers before gaming play occurs. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and may be recognized as revenue or redeemed for cash in the future.

(2) Advance room deposits and ticket sales represent cash received in advance for goods or services to be provided in the future. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and will be recognized as revenue when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenue and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenue within one year.

(3) Other gaming-related liabilities generally represent unpaid wagers primarily in the form of unredeemed slot, race and sportsbook tickets or wagers for future sporting events. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets.

(4) Loyalty program and related liabilities represent the deferral of revenue until the loyalty points or other complimentaries are redeemed. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Stock-Based Compensation

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

The total compensation cost for stock-based compensation plans was recorded as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Casino (1)	$	3,686	$	3,196	$	7,577	$	2,300
Rooms	403		346		909		695
Food and beverage	822		666		1,972		1,303
Entertainment, retail and other (2)	4,921		84		9,221		157
General and administrative (3)	15,275		16,792		29,774		25,993
Total stock-based compensation expense	25,107		21,084		49,453		30,448
Total stock-based compensation capitalized	1,124		486		2,029		703
Total stock-based compensation costs	$	26,231	$	21,570	$	51,482	$	31,151

(1) For the six months ended June 30, 2020, reflects the reversal of $3.3 million of compensation cost previously recognized for awards forfeited in connection with the departure of an employee.

(2) For the three and six months ended June 30, 2021, reflects compensation cost of $1.4 million and $2.7 million, respectively, recognized in connection with the vesting of restricted stock performance awards.

(3) For the three and six months ended June 30, 2020, reflects compensation cost of $4.4 million recognized in connection with the vesting of restricted stock performance awards.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded an income tax expense of $0.7 million and $80.9 million for the three months ended June 30, 2021 and 2020, respectively and an income tax expense of $1.2 million and $156.7 million for the six months ended June 30, 2021 and 2020, respectively. The 2021 income tax expense primarily related to an increase in valuation allowance for U.S deferred tax assets and to the Macau dividend tax agreement that provides for an annual payment of MOP 12.8 million (approximately $1.6 million) as complementary tax otherwise due by stockholders of Wynn Macau SA. The 2020 income tax expense primarily related to the increase in the valuation allowance for U.S. foreign tax credits. In March 2021, the Company received an extension of its Macau dividend tax agreement, providing for a payment of MOP 12.8 million (approximately $1.6 million) for 2021 and MOP 6.3 million (approximately $0.8 million) for the period ending June 26, 2022, the expiration date of the gaming concession agreement. The Company records valuation allowances on certain of its U.S. and foreign deferred tax assets. During the third quarter of 2020, the Company concluded it could no longer rely on forecasted future taxable income in assessing a valuation allowance on its deferred tax assets. This conclusion was reached due to cumulative operating losses incurred by the Company and tax legislation that reduced future sources of taxable income. As of June 30, 2021, the Company continues to rely solely on the reversal of net taxable temporary differences in assessing a need for a valuation allowance. In April 2020, Wynn Macau SA received an extension of the exemption from Macau’s 12% Complementary Tax on casino gaming profits earned from January 1, 2021 to June 26, 2022, the expiration date of the gaming concession agreement. For the three and six months ended June 30, 2021 and 2020, the Company did not have any casino gaming profits exempt from the Macau Complementary Tax. The Company's non-gaming profits remain subject to the Macau Complementary Tax and its casino winnings remain subject to the Macau special gaming tax and other levies in accordance with its concession agreement. In March 2021, the Financial Services Bureau concluded its review of the 2017 and 2018 Macau income tax returns of Palo with no changes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share ("EPS") is computed by dividing net loss attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net loss attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potential dilutive securities had been issued, to the extent such impact is not anti-dilutive. Potentially dilutive securities include outstanding stock options and unvested restricted stock.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Numerator:
Net loss attributable to Wynn Resorts, Limited	$	(131,369)	$	(637,564)	$	(412,347)	$	(1,039,601)

Denominator:
Weighted average common shares outstanding	114,545		106,713		112,792		106,688
Potential dilutive effect of stock options, nonvested, and performance nonvested shares	—		—		—		—
Weighted average common and common equivalent shares outstanding	114,545		106,713		112,792		106,688

Net loss attributable to Wynn Resorts, Limited per common share, basic	$	(1.15)	$	(5.97)	$	(3.66)	$	(9.74)
Net loss attributable to Wynn Resorts, Limited per common share, diluted	$	(1.15)	$	(5.97)	$	(3.66)	$	(9.74)

Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share	1,129		1,127		1,129		1,127

Leases

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Leases

Lessor Arrangements

The following table presents the minimum and contingent operating lease income for the periods presented (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Minimum rental income	$	25,218	$	28,073	$	47,957	$	59,723
Contingent rental income	30,110		1,839		56,115		8,519
Total rental income	$	55,328	$	29,912	$	104,072	$	68,242

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation In addition to the actions noted below, the Company and its affiliates are involved in litigation arising in the normal course of business. In the opinion of management, such litigation is not expected to have a material effect on the Company's financial condition, results of operations, and cash flows. Massachusetts Gaming License Related Actions On September 17, 2014, the Massachusetts Gaming Commission ("MGC") designated Wynn MA the award winner of the Greater Boston (Region A) gaming license (the "Boston area license"). On November 7, 2014, the gaming license became effective. Revere Action On October 16, 2014, the City of Revere, the host community to the unsuccessful bidder for the Boston area license, the International Brotherhood of Electrical Workers, Local 103, and several individuals, filed a complaint against the MGC and its gaming commissioners in Suffolk Superior Court in Boston, Massachusetts (the "Revere Action"). Mohegan Sun ("Mohegan"), the other applicant for the Boston area license, joined the lawsuit and challenged the MGC's award of the Boston area license. On December 3, 2015, the court granted the MGC's motion to dismiss the claims asserted in the Revere Action and the court dismissed all claims except Mohegan's claim alleging procedural error by the MGC in granting the license to Wynn MA. The plaintiffs appealed. After multiple appeals and cross appeals, only two claims remained: (1) individual plaintiffs' claim for violation of the open meeting laws; and (2) Mohegan's claim for procedural error. On July 12, 2019, the Suffolk Superior Court granted the MGC's motion for summary judgment and dismissed the open meeting law claim, leaving only Mohegan's procedural claim for procedural error. On August 2, 2019, Mohegan filed a motion to file a second amended complaint, to add new claims related to the MGC's allegedly inadequate 2013 investigation. On October 15, 2019, the court granted Mohegan's motion to amend and allowed it to file a second amended intervenor's complaint. Wynn MA is not a party to and is not named in the Revere Action. Derivative Litigation A number of stockholder derivative actions were filed in state and federal court located in Clark County, Nevada against certain current and former members of the Company's Board of Directors and, in some cases, the Company's current and former officers. Each of the complaints alleged, among other things, breach of fiduciary duties in failing to detect, prevent and remedy alleged inappropriate personal conduct by Stephen A. Wynn in the workplace. The actions filed in the Eighth Judicial District Court of Clark County, Nevada were consolidated as In re Wynn Resorts, Ltd. Derivative Litigation ("State Derivative Case"). On June 3, 2019, a separate stockholder derivative action was filed in the Eighth Judicial District Court of Clark County, Nevada alleging substantially similar causes of action as the State Derivative Case with the additional allegation that various of the Company's attorneys committed professional malpractice, and certain current and former executives also breached fiduciary duties and aided and abetted the breach of fiduciary duties, in connection with the alleged inappropriate personal conduct by Stephen A. Wynn in the workplace. This case was consolidated in September 2019 into the State Derivative Case. On November 27, 2019, the State Derivative Case parties agreed to terms of a settlement agreement. The court approved the settlement agreement on February 12, 2020, and entered a written order approving the settlement on March 10, 2020. Following the Nevada Supreme Court’s dismissal of the only appeal, the settlement agreement became effective and final. Following the dismissal, the Company received net proceeds of $30.2 million, which has been recognized as a reduction of general and administrative expense within the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2020. In 2018, several actions filed in the United States District Court, District of Nevada were consolidated as In re Wynn Resorts, Ltd. Derivative Litigation ("Federal Derivative Case"), which also claim corporate waste and violation of Section 14(a) of the Exchange Act. In June 2018, the Company filed a motion to dismiss and a motion to stay pending resolution of the Securities Action (described below). On March 29, 2019, the Court granted the Company's request for a stay. On March 25, 2020, the parties stipulated to dismiss the Federal Derivative Case given the approved settlement in the State Derivative Case. On March 25, 2019, a separate stockholder derivative action was filed in the United States District Court, District of Nevada alleging similar causes of action as the Federal Derivative Case with the additional allegation that the Board of Directors improperly refused the stockholder's demand to commence litigation against the officers and directors of the Company. On April 30, 2020, the Company filed a motion for summary judgment, seeking dismissal of the claims given the approved settlement in the State Derivative Case. On January 12, 2021, the court granted the Company’s motion for summary judgment of this action and denied the stockholder’s request to vacate the parties' stipulation to dismiss the Federal Derivative Case. On February 11, 2021, the stockholder filed a notice of appeal to the United States Court of Appeals for the Ninth Circuit. On May 12, 2021, the parties stipulated to dismiss the appeal. Each of the actions sought to recover for the Company unspecified damages, including restitution and disgorgement of profits, and also sought to recover attorneys' fees, costs and related expenses for the plaintiff. Securities Action On February 20, 2018, a putative securities class action was filed against the Company and certain current and former officers of the Company in the United States District Court, Southern District of New York (which was subsequently transferred to the United States District Court, District of Nevada) by John V. Ferris and Joann M. Ferris on behalf of all persons who purchased the Company's common stock between February 28, 2014 and January 25, 2018. The complaint alleges, among other things, certain violations of federal securities laws and seeks to recover unspecified damages as well as attorneys' fees, costs and related expenses for the plaintiffs. On April 15, 2019, the Company filed a motion to dismiss, which the court granted on May 27, 2020, with leave to amend. On July 1, 2020, the plaintiffs filed an amended complaint. On August 14, 2020, the Company filed a motion to dismiss the amended complaint. On July 28, 2021, the court granted in part, and denied in part, the Company's motion to dismiss the amended complaint, dismissing certain of plaintiffs' claims, including all claims against Mr. Billings and the individual directors, and allowing other claims to proceed against the Company and several of the Company's current and former executive officers, including Mr. Maddox, Stephen A. Wynn, Kimmarie Sinatra, and Steven Cootey. The defendants in these actions will vigorously defend against the claims pleaded against them. These actions are in preliminary stages and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or the range of reasonably possible loss, if any. Federal Investigation From time to time, the Company receives regulatory inquiries about compliance with anti-money laundering laws. The Company received requests for information from the U.S. Attorney’s Office for the Southern District of California relating to its anti-money laundering policies and procedures, and in the first half of 2020, received two grand jury subpoenas regarding various transactions at Wynn Las Vegas relating to certain patrons and agents who reside or operate in foreign jurisdictions. The Company continues to cooperate with the U.S. Attorney's Office in its investigation, which remains ongoing. Because no charges or claims have been brought, the Company is unable to predict the outcome of the investigation, the extent of the materiality of the outcome, or reasonably estimate the possible range of loss, if any, which could be associated with the resolution of any possible charges or claims that may be brought against the Company.

Retail Joint Venture	6 Months Ended
Retail Joint Venture	Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint VentureAs of June 30, 2021 and December 31, 2020, the Retail Joint Venture had total assets of $101.2 million and $96.3 million, respectively, and total liabilities of $629.1 million and $633.5 million, respectively. As of June 30, 2021 and December 31, 2020, the Retail Joint Venture's liabilities included long-term debt of $612.6 million and $612.3 million, respectively, net of debt issuance costs, related to the outstanding borrowings under the Retail Term Loan.

Segment Information

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment InformationThe Company reviews the results of operations for each of its operating segments, and identifies reportable segments based upon factors such as geography, regulatory environment, and the Company's organizational and management reporting structure. Wynn Macau and Encore, an expansion at Wynn Macau, are managed as a single integrated resort and have been aggregated as one reportable segment ("Wynn Macau"). Wynn Palace is presented as a separate reportable segment and is combined with Wynn Macau for geographical presentation. Other Macau primarily represents the assets for the Company's Macau holding company. Wynn Las Vegas, Encore, an expansion at Wynn Las Vegas, and the Retail Joint Venture are managed as a single integrated resort and have been aggregated as one reportable segment ("Las Vegas Operations"). Encore Boston Harbor is presented as one reportable segment. The results of Wynn Interactive are presented within Corporate and other.

The following tables present the Company's segment information (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Operating revenues
Macau Operations:
Wynn Palace
Casino	$	212,067	$	(11,428)	$	397,976	$	196,148
Rooms	20,883		2,431		37,895		22,141
Food and beverage	13,805		4,231		25,477		17,529
Entertainment, retail and other (1)	23,616		13,484		46,349		32,413
	270,371		8,718		507,697		268,231
Wynn Macau
Casino	142,419		(3,524)		281,346		186,604
Rooms	13,427		2,631		28,129		18,542
Food and beverage	8,559		3,684		15,992		13,215
Entertainment, retail and other (1)	19,623		9,097		38,212		23,016
	184,028		11,888		363,679		241,377
Total Macau Operations	454,399		20,606		871,376		509,608

Las Vegas Operations:
Casino	112,775		24,365		192,678		95,660
Rooms	93,785		12,353		133,546		118,458
Food and beverage	112,858		16,092		152,935		122,071
Entertainment, retail and other (1)	35,648		12,076		54,623		52,521
Total Las Vegas Operations	355,066		64,886		533,782		388,710

Encore Boston Harbor:
Casino	135,485		—		246,964		101,790
Rooms	9,670		—		14,385		10,955
Food and beverage	13,920		—		23,247		20,606
Entertainment, retail and other (1)	6,166		206		10,735		7,745
Total Encore Boston Harbor	165,241		206		295,331		141,096

Corporate and other:
Entertainment, retail and other	15,407		—		26,306		—
Total Corporate and other	15,407		—		26,306		—

Total operating revenues	$	990,113	$	85,698	$	1,726,795	$	1,039,414


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Adjusted Property EBITDA (2)
Macau Operations:
Wynn Palace	$	53,555	$	(110,908)	$	80,924	$	(100,732)
Wynn Macau	14,086		(82,646)		30,642		(63,438)
Total Macau Operations	67,641		(193,554)		111,566		(164,170)
Las Vegas Operations (3)	133,222		(75,564)		161,303		(97,641)
Encore Boston Harbor (4)	46,916		(53,779)		77,279		(66,415)
Corporate and other	(40,899)		—		(84,368)		—
Total	206,880		(322,897)		265,780		(328,226)
Other operating expenses
Pre-opening	2,495		2,186		4,122		4,737
Depreciation and amortization	183,307		179,266		368,428		358,012
Property charges and other	5,651		6,567		11,268		33,796
Corporate expenses and other (5)	19,841		(8,984)		37,762		15,208
Stock-based compensation	25,107		21,084		49,453		30,448
Total other operating expenses	236,401		200,119		471,033		442,201
Operating loss	(29,521)		(523,016)		(205,253)		(770,427)
Other non-operating income and expenses
Interest income	720		3,983		1,624		11,936
Interest expense, net of amounts capitalized	(150,424)		(133,218)		(303,276)		(262,045)
Change in derivatives fair value	972		(3,294)		5,381		(18,954)
Loss on extinguishment of debt	—		(619)		(1,322)		(1,462)
Other	5,553		2,233		(5,540)		12,568
Total other non-operating income and expenses	(143,179)		(130,915)		(303,133)		(257,957)
Loss before income taxes	(172,700)		(653,931)		(508,386)		(1,028,384)
Provision for income taxes	(697)		(80,938)		(1,190)		(156,738)
Net loss	(173,397)		(734,869)		(509,576)		(1,185,122)
Net loss attributable to noncontrolling interests	42,028		97,305		97,229		145,521
Net loss attributable to Wynn Resorts, Limited	$	(131,369)	$	(637,564)	$	(412,347)	$	(1,039,601)

(1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 14, "Leases".

(2) "Adjusted Property EBITDA" is net loss before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on extinguishment of debt, and other non-operating income and expenses. 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, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDA because it is used by some investors 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 GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDA calculations preopening 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 our 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. We have significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, our calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

(3) For the three months ended June 30, 2020, excluded $56.4 million of expense accrued during the first quarter of 2020 related to the Company's commitment to pay salary, tips, and benefits continuation for all of its U.S. employees for the period from April 1 through May 15, 2020.

(4) For the three months ended June 30, 2020, excluded $19.3 million of expense accrued during the first quarter of 2020 related to the Company's commitment to pay salary, tips, and benefits continuation for all of its U.S. employees for the period from April 1 through May 15, 2020.

(5) For the three and six months ended June 30, 2020, included $27.7 million net gain recorded in relation to a derivative litigation settlement.


	June 30, 2021		December 31, 2020
Assets
Macau Operations:
Wynn Palace	$	3,255,389	$	3,393,790
Wynn Macau	1,013,148		1,202,709
Other Macau	1,475,563		2,026,098
Total Macau Operations	5,744,100		6,622,597
Las Vegas Operations	3,017,361		2,992,870
Encore Boston Harbor	2,257,729		2,300,016
Corporate and other	2,003,475		1,954,064
Total	$	13,022,665	$	13,869,547

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 16, "Retail Joint Venture." All significant intercompany accounts and transactions have been eliminated. Certain amounts in the condensed consolidated financial statements for the first quarter of 2021 have been reclassified to be consistent with the current quarter presentation. These reclassifications had no effect on the previously reported net loss or operating loss. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates and assumptions reflected in the financial statements relate to and include, but are not limited to, inputs into the Company's estimated allowance for credit losses, estimates regarding the useful lives and recoverability of the cost of long-lived assets, fair value estimates of intangible assets and their estimated useful lives, and litigation and contingency estimates.
Gaming Taxes	Gaming TaxesThe Company is subject to taxes based on gross gaming revenues in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Operations.
Recently Issued and Adopted Accounting Standards	Recently Issued Accounting StandardsIn March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04"). ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates and, particularly, the risk of cessation of the London Interbank Offered Rate (referred to as "LIBOR"), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction-based and less susceptible to manipulation. ASU 2020-04 also provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. ASU 2020-04 can be adopted no later than December 1, 2022 with early adoption permitted. The Company is currently assessing the impact the adoption of the new guidance will have on its consolidated financial statements.

Cash, Cash Equivalents and Restricted Cash (Tables)

6 Months Ended

Jun. 30, 2021

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

Cash, cash equivalents and restricted cash consisted of the following (in thousands):


	June 30, 2021		December 31, 2020
Cash and cash equivalents:
Cash (1)	$	2,437,127	$	2,501,452
Cash equivalents (2)	365,589		980,580
Total cash and cash equivalents	2,802,716		3,482,032
Restricted cash (3)	6,369		4,352
Total cash, cash equivalents and restricted cash	$	2,809,085	$	3,486,384
(1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds. (3) Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in a trust in accordance with WML's share award plan.

Schedule of Restricted Cash and Cash Equivalents

Cash, cash equivalents and restricted cash consisted of the following (in thousands):


	June 30, 2021		December 31, 2020
Cash and cash equivalents:
Cash (1)	$	2,437,127	$	2,501,452
Cash equivalents (2)	365,589		980,580
Total cash and cash equivalents	2,802,716		3,482,032
Restricted cash (3)	6,369		4,352
Total cash, cash equivalents and restricted cash	$	2,809,085	$	3,486,384
(1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds. (3) Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in a trust in accordance with WML's share award plan.

Receivables, net (Tables)

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Schedule of Receivables, net

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


	June 30, 2021		December 31, 2020
Casino	$	243,489	$	207,823
Hotel	15,039		7,075
Other	85,474		85,589
	344,002		300,487
Less: allowance for credit losses	(98,043)		(100,329)
	$	245,959	$	200,158


	June 30, 2021		June 30, 2020
Balance at beginning of year	$	100,329	$	39,317
Provision for credit losses	7,808		48,960
Write-offs	(10,490)		(144)
Recoveries of receivables previously written off	462		60
Effect of exchange rate	(66)		126
Balance at end of period	$	98,043	$	88,319

Property and Equipment, net (Tables)

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

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


	June 30, 2021		December 31, 2020
Buildings and improvements	$	9,745,976	$	9,758,846
Land and improvements	1,276,442		1,265,510
Furniture, fixtures and equipment	3,105,343		3,093,481
Airplanes	110,623		110,623
Construction in progress	181,264		136,390
	14,419,648		14,364,850
Less: accumulated depreciation	(5,494,262)		(5,168,206)
	$	8,925,386	$	9,196,644

Goodwill (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table shows the movement in the Company's goodwill balance that occurred during the six-month period (in thousands):



Balance as of January 1, 2021	$	144,095
Foreign currency translation	1,084
Balance as of June 30, 2021	$	145,179

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Summary of Long-Term Debt

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


	June 30, 2021		December 31, 2020
Macau Related:
Wynn Macau Credit Facilities (1):
Wynn Macau Term Loan, due 2022 (2)	$	802,898	$	1,268,106
Wynn Macau Revolver, due 2022 (3)	457,290		407,443
WML 4 7/8% Senior Notes, due 2024	600,000		600,000
WML 5 1/2% Senior Notes, due 2026	1,000,000		1,000,000
WML 5 1/2% Senior Notes, due 2027	750,000		750,000
WML 5 5/8% Senior Notes, due 2028	1,350,000		1,350,000
WML 5 1/8% Senior Notes, due 2029	1,000,000		1,000,000

U.S. and Corporate Related:
WRF Credit Facilities (4):
WRF Term Loan, due 2024	912,500		937,500
WRF Revolver, due 2024	—		716,000
WLV 4 1/4% Senior Notes, due 2023	500,000		500,000
WLV 5 1/2% Senior Notes, due 2025	1,780,000		1,780,000
WLV 5 1/4% Senior Notes, due 2027	880,000		880,000
WRF 7 3/4% Senior Notes, due 2025	600,000		600,000
WRF 5 1/8% Senior Notes, due 2029	750,000		750,000
Retail Term Loan, due 2025 (5)	615,000		615,000
	11,997,688		13,154,049
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(76,775)		(88,279)
	11,920,913		13,065,770
Less: Current portion of long-term debt	(1,308,353)		(596,408)
Total long-term debt, net of current portion	$	10,612,560	$	12,469,362

(1) The borrowings under the Wynn Macau Credit Facilities bear interest at LIBOR or HIBOR plus a margin of 1.50% to 2.25% per annum based on Wynn Resorts Macau S.A.’s leverage ratio.

(5) The Retail Term Loan bears interest at a rate of LIBOR plus 1.70% per year. As of June 30, 2021, the effective interest rate was 2.70%.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 835
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-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 505
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 235
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-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Carried at Fair Value

The following tables present assets and liabilities carried at fair value (in thousands):


			Fair Value Measurements Using:
	June 30, 2021		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	365,589	$	—	$	365,589	—
Restricted cash	$	6,369	$	4,631	$	1,738	—

Liabilities:
Interest rate collar	$	11,527	—		$	11,527	—

			Fair Value Measurements Using:
	December 31, 2020		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	980,580	$	504,980	$	475,600	—
Restricted cash	$	4,352	$	2,054	$	2,298	—

Liabilities:
Interest rate collar	$	16,908	—		$	16,908	—

Customer Contract Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Revenue Recognition [Abstract]

Schedule of Customer Contract Liabilities

The Company's primary liabilities associated with customer contracts are as follows (in thousands):


	June 30, 2021		December 31, 2020		Increase (decrease)		June 30, 2020		December 31, 2019		Increase (decrease)
Casino outstanding chips and front money deposits (1)	$	431,536	$	596,463	$	(164,927)	$	904,792	$	769,053	$	135,739
Advance room deposits and ticket sales (2)	56,208		29,224		26,984		28,874		49,834		(20,960)
Other gaming-related liabilities (3)	10,333		7,882		2,451		5,592		13,970		(8,378)
Loyalty program and related liabilities (4)	29,260		22,736		6,524		21,566		21,148		418
	$	527,337	$	656,305	$	(128,968)	$	960,824	$	854,005	$	106,819

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Share Based Compensation Allocated Costs

The total compensation cost for stock-based compensation plans was recorded as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Casino (1)	$	3,686	$	3,196	$	7,577	$	2,300
Rooms	403		346		909		695
Food and beverage	822		666		1,972		1,303
Entertainment, retail and other (2)	4,921		84		9,221		157
General and administrative (3)	15,275		16,792		29,774		25,993
Total stock-based compensation expense	25,107		21,084		49,453		30,448
Total stock-based compensation capitalized	1,124		486		2,029		703
Total stock-based compensation costs	$	26,231	$	21,570	$	51,482	$	31,151

(1) For the six months ended June 30, 2020, reflects the reversal of $3.3 million of compensation cost previously recognized for awards forfeited in connection with the departure of an employee.

(3) For the three and six months ended June 30, 2020, reflects compensation cost of $4.4 million recognized in connection with the vesting of restricted stock performance awards.

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Shares used in Calculation of Earnings Per Share


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Numerator:
Net loss attributable to Wynn Resorts, Limited	$	(131,369)	$	(637,564)	$	(412,347)	$	(1,039,601)

Denominator:
Weighted average common shares outstanding	114,545		106,713		112,792		106,688
Potential dilutive effect of stock options, nonvested, and performance nonvested shares	—		—		—		—
Weighted average common and common equivalent shares outstanding	114,545		106,713		112,792		106,688

Net loss attributable to Wynn Resorts, Limited per common share, basic	$	(1.15)	$	(5.97)	$	(3.66)	$	(9.74)
Net loss attributable to Wynn Resorts, Limited per common share, diluted	$	(1.15)	$	(5.97)	$	(3.66)	$	(9.74)

Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share	1,129		1,127		1,129		1,127

Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Schedule of Minimum and Contingent Operating Lease Income

The following table presents the minimum and contingent operating lease income for the periods presented (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Minimum rental income	$	25,218	$	28,073	$	47,957	$	59,723
Contingent rental income	30,110		1,839		56,115		8,519
Total rental income	$	55,328	$	29,912	$	104,072	$	68,242

Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Summary of Operations by Segment

The following tables present the Company's segment information (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Operating revenues
Macau Operations:
Wynn Palace
Casino	$	212,067	$	(11,428)	$	397,976	$	196,148
Rooms	20,883		2,431		37,895		22,141
Food and beverage	13,805		4,231		25,477		17,529
Entertainment, retail and other (1)	23,616		13,484		46,349		32,413
	270,371		8,718		507,697		268,231
Wynn Macau
Casino	142,419		(3,524)		281,346		186,604
Rooms	13,427		2,631		28,129		18,542
Food and beverage	8,559		3,684		15,992		13,215
Entertainment, retail and other (1)	19,623		9,097		38,212		23,016
	184,028		11,888		363,679		241,377
Total Macau Operations	454,399		20,606		871,376		509,608

Las Vegas Operations:
Casino	112,775		24,365		192,678		95,660
Rooms	93,785		12,353		133,546		118,458
Food and beverage	112,858		16,092		152,935		122,071
Entertainment, retail and other (1)	35,648		12,076		54,623		52,521
Total Las Vegas Operations	355,066		64,886		533,782		388,710

Encore Boston Harbor:
Casino	135,485		—		246,964		101,790
Rooms	9,670		—		14,385		10,955
Food and beverage	13,920		—		23,247		20,606
Entertainment, retail and other (1)	6,166		206		10,735		7,745
Total Encore Boston Harbor	165,241		206		295,331		141,096

Corporate and other:
Entertainment, retail and other	15,407		—		26,306		—
Total Corporate and other	15,407		—		26,306		—

Total operating revenues	$	990,113	$	85,698	$	1,726,795	$	1,039,414


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Adjusted Property EBITDA (2)
Macau Operations:
Wynn Palace	$	53,555	$	(110,908)	$	80,924	$	(100,732)
Wynn Macau	14,086		(82,646)		30,642		(63,438)
Total Macau Operations	67,641		(193,554)		111,566		(164,170)
Las Vegas Operations (3)	133,222		(75,564)		161,303		(97,641)
Encore Boston Harbor (4)	46,916		(53,779)		77,279		(66,415)
Corporate and other	(40,899)		—		(84,368)		—
Total	206,880		(322,897)		265,780		(328,226)
Other operating expenses
Pre-opening	2,495		2,186		4,122		4,737
Depreciation and amortization	183,307		179,266		368,428		358,012
Property charges and other	5,651		6,567		11,268		33,796
Corporate expenses and other (5)	19,841		(8,984)		37,762		15,208
Stock-based compensation	25,107		21,084		49,453		30,448
Total other operating expenses	236,401		200,119		471,033		442,201
Operating loss	(29,521)		(523,016)		(205,253)		(770,427)
Other non-operating income and expenses
Interest income	720		3,983		1,624		11,936
Interest expense, net of amounts capitalized	(150,424)		(133,218)		(303,276)		(262,045)
Change in derivatives fair value	972		(3,294)		5,381		(18,954)
Loss on extinguishment of debt	—		(619)		(1,322)		(1,462)
Other	5,553		2,233		(5,540)		12,568
Total other non-operating income and expenses	(143,179)		(130,915)		(303,133)		(257,957)
Loss before income taxes	(172,700)		(653,931)		(508,386)		(1,028,384)
Provision for income taxes	(697)		(80,938)		(1,190)		(156,738)
Net loss	(173,397)		(734,869)		(509,576)		(1,185,122)
Net loss attributable to noncontrolling interests	42,028		97,305		97,229		145,521
Net loss attributable to Wynn Resorts, Limited	$	(131,369)	$	(637,564)	$	(412,347)	$	(1,039,601)

(1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 14, "Leases".

(5) For the three and six months ended June 30, 2020, included $27.7 million net gain recorded in relation to a derivative litigation settlement.

Summary of Assets by Segment


	June 30, 2021		December 31, 2020
Assets
Macau Operations:
Wynn Palace	$	3,255,389	$	3,393,790
Wynn Macau	1,013,148		1,202,709
Other Macau	1,475,563		2,026,098
Total Macau Operations	5,744,100		6,622,597
Las Vegas Operations	3,017,361		2,992,870
Encore Boston Harbor	2,257,729		2,300,016
Corporate and other	2,003,475		1,954,064
Total	$	13,022,665	$	13,869,547

Organization - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	May 31, 2021	Dec. 31, 2020
Organization and Basis of Presentation [Line Items]
Cash and cash equivalents	$ 2,802,716		$ 3,482,032
Long-term debt, gross	11,997,688		13,154,049
Senior Notes \| Wynn Macau
Organization and Basis of Presentation [Line Items]
Long-term debt, gross	4,700,000
WRF Revolver, due 2024 \| Senior Secured Revolving Credit Facility \| WRF
Organization and Basis of Presentation [Line Items]
Available borrowing capacity	834,200
Long-term debt, gross	0		716,000
Wynn Macau Revolver, due 2022 \| Senior Secured Revolving Credit Facility \| Wynn Macau
Organization and Basis of Presentation [Line Items]
Available borrowing capacity	293,200
Long-term debt, gross	$ 457,290		$ 407,443
Wynn Palace and Wynn Macau
Organization and Basis of Presentation [Line Items]
Percentage of ownership	72.00%
Wynn Las Vegas
Organization and Basis of Presentation [Line Items]
Percentage of ownership	100.00%
Available gaming area capacity (percent)		100.00%
Retail Joint Venture
Organization and Basis of Presentation [Line Items]
Percentage of ownership	50.10%
Encore Boston Harbor
Organization and Basis of Presentation [Line Items]
Percentage of ownership	100.00%
Wynn Interactive
Organization and Basis of Presentation [Line Items]
Percentage of ownership	74.00%
Equity interest retained (percent)	58.00%
Voting interest retained (percent)	72.00%

Basis of Presentation and Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounting Policies [Abstract]
Gaming tax expenses	$ 234.2	$ 12.5	$ 449.2	$ 266.4

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash	$ 2,437,127	$ 2,501,452
Cash equivalents	365,589	980,580
Total cash and cash equivalents	2,802,716	3,482,032
Restricted cash	6,369	4,352
Total cash, cash equivalents and restricted cash	$ 2,809,085	$ 3,486,384	$ 3,802,587	$ 2,358,292

Receivables, net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Receivables, net (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 344,002	$ 300,487
Less: allowance for credit losses	(98,043)	(100,329)
Receivables, net	$ 245,959	$ 200,158
Geographic Concentration Risk \| Receivables \| Outside the United States, primarily Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of markers due from customers	68.70%	77.30%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 243,489	$ 207,823
Allowance for credit losses, percent of gross casino receivables	39.30%	47.20%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 15,039	$ 7,075
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 85,474	$ 85,589

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year			$ 100,329	$ 39,317
Provision for credit losses	$ 441	$ 28,347	7,808	48,960
Write-offs			(10,490)	(144)
Recoveries of receivables previously written off			462	60
Effect of exchange rate			(66)	126
Balance at end of period	$ 98,043	$ 88,319	$ 98,043	$ 88,319

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 9,745,976		$ 9,745,976		$ 9,758,846
Land and improvements	1,276,442		1,276,442		1,265,510
Furniture, fixtures and equipment	3,105,343		3,105,343		3,093,481
Airplanes	110,623		110,623		110,623
Construction in progress	181,264		181,264		136,390
Property and equipment, gross	14,419,648		14,419,648		14,364,850
Less: accumulated depreciation	(5,494,262)		(5,494,262)		(5,168,206)
Property and equipment, net	8,925,386		8,925,386		$ 9,196,644
Depreciation expense	$ 176,100	$ 172,800	$ 353,900	$ 345,100

Goodwill (Details) $ in Thousands	6 Months Ended
Goodwill (Details) $ in Thousands	Jun. 30, 2021 USD ($)
Goodwill [Roll Forward]
Balance as of January 1, 2021	$ 144,095
Foreign currency translation	1,084
Balance as of June 30, 2021	$ 145,179

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,997,688	$ 13,154,049
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(76,775)	(88,279)
Long-term debt total	11,920,913	13,065,770
Less: Current portion of long-term debt	(1,308,353)	(596,408)
Total long-term debt, net of current portion	10,612,560	12,469,362
Wynn Macau \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	4,700,000
Wynn Macau \| Wynn Macau Term Loan, due 2022 \| Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	802,898	1,268,106
Wynn Macau \| Wynn Macau Revolver, due 2022 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	457,290	407,443
WML \| WML 4 7/8% Senior Notes, due 2024 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	600,000
Stated interest rate	4.875%
WML \| WML 5 1/2% Senior Notes, due 2026 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000	1,000,000
Stated interest rate	0.055%
WML \| WML 5 1/2% Senior Notes, due 2027 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000	750,000
Stated interest rate	5.50%
WML \| WML 5 5/8% Senior Notes, due 2028 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,350,000	1,350,000
Stated interest rate	5.625%
WML \| WML 5 1/8% Senior Notes, due 2029 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000	1,000,000
Stated interest rate	5.125%
WRF \| WRF Term Loan, due 2024 \| Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 912,500	937,500
WRF \| WRF Revolver, due 2024 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	0	716,000
WRF \| WRF 7 3/4% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	600,000
Stated interest rate	7.75%
WRF \| WRF 5 1/8% Senior Notes, due 2029 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000	750,000
Stated interest rate	5.125%
WLV \| WLV 4 1/4% Senior Notes, due 2023 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000	500,000
Stated interest rate	4.25%
WLV \| WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,780,000	1,780,000
Stated interest rate	5.50%
WLV \| WLV 5 1/4% Senior Notes, due 2027 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 880,000	880,000
Stated interest rate	5.125%
Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) \| Retail Term Loan, due 2025 \| Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 615,000	$ 615,000

Long-Term Debt - Summary of Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jan. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross		$ 11,997,688	$ 13,154,049
Wynn Macau \| Senior Term Loan Facility, due 2022 \| Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 802,898	1,268,106
Interest rate during period		2.35%
Prepayment of debt	$ 412,500
Wynn Macau \| Senior Revolving Credit Facility, due 2022 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 457,290	407,443
Interest rate during period		2.34%
Available borrowing capacity		$ 293,200
WRF \| WRF Credit Facilities
Debt Instrument [Line Items]
Interest rate during period		1.86%
WRF \| WRF Revolver, due 2024 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 0	716,000
Available borrowing capacity		834,200
Outstanding letters of credit		15,800
Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) \| Retail Term Loan, due 2025 \| Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 615,000	$ 615,000
Interest rate during period		2.70%
LIBOR \| Wynn Macau \| Wynn Macau Credit Facilities [Member]
Debt Instrument [Line Items]
Interest in addition to variable rate		1.50%
LIBOR \| Wynn Macau \| Senior Term Loan Facility, due 2022 \| Senior Secured Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate		2.25%
Long-term debt, gross		$ 454,400
LIBOR \| Wynn Macau \| Senior Revolving Credit Facility, due 2022 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate		2.25%
Long-term debt, gross		$ 260,200
LIBOR \| WRF \| WRF Credit Facilities
Debt Instrument [Line Items]
Interest in addition to variable rate		1.75%
LIBOR \| Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) \| Retail Term Loan, due 2025 \| Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate		1.70%
HIBOR \| Wynn Macau \| Wynn Macau Credit Facilities [Member]
Debt Instrument [Line Items]
Interest in addition to variable rate		2.25%
HIBOR \| Wynn Macau \| Senior Term Loan Facility, due 2022 \| Senior Secured Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate		2.25%
Long-term debt, gross		$ 348,500
HIBOR \| Wynn Macau \| Senior Revolving Credit Facility, due 2022 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate		2.25%
Long-term debt, gross		$ 197,100

Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Cash		$ 2,437,127		$ 2,501,452
Repayments of credit facilities		1,205,099	$ 527,535
Long-term debt		10,612,560		12,469,362
Fair value, excluding the redemption note		12,410,000		13,350,000
Long-term debt excluding the Redemption Note		$ 12,000,000		$ 13,150,000
WML \| Senior Secured Revolving Credit Facility \| Forecast
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 1,500,000
Term of facility	4 years
WML \| WML Credit Facilities \| Senior Secured Revolving Credit Facility \| Forecast
Debt Instrument [Line Items]
Repayments of credit facilities	$ 1,260,000

Stockholders' Equity (Deficit) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Feb. 11, 2021	May 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Common stock, par value (usd per share)			$ 0.01			$ 0.01		$ 0.01
Underwriter discounts, commissions, and other expenses						$ 17,700
Dividends and Noncontrolling Interest [Line Items]
Cash dividend paid (usd per share)				$ 1.00
Proceeds from issuance of subsidiary common stock						4,662	$ 0
Cash dividends				$ (224)			107,277
Decrease from distributions to noncontrolling interest			$ 6,479			6,479	998
WRF Revolver, due 2024 \| Senior Secured Revolving Credit Facility \| WRF
Subsidiary, Sale of Stock [Line Items]
Repayment on credit facility	$ 716,000
Subsidiaries \| WML
Dividends and Noncontrolling Interest [Line Items]
Cash dividends						0		$ 0
Public Stock Offering
Subsidiary, Sale of Stock [Line Items]
Newly issued shares of common stock in registered public offering (shares)	7,475,000
Common stock, par value (usd per share)	$ 0.01
Price per share (usd per share)	$ 115.00
Proceeds	$ 841,900
Underwriter discounts, commissions, and other expenses	$ 17,700
Retained earnings (Accumulated deficit)
Dividends and Noncontrolling Interest [Line Items]
Cash dividends declared, recorded as reduction of retained earnings					$ 107,500
Cash dividends				(208)			107,307
Noncontrolling interests
Dividends and Noncontrolling Interest [Line Items]
Cash dividends				$ (16)			(30)
Decrease from distributions to noncontrolling interest			$ 6,479			$ 6,479	$ 998
Noncontrolling interests \| Subsidiaries \| Common Class A
Dividends and Noncontrolling Interest [Line Items]
Shares issued to noncontrolling interest (shares)		3,229
Proceeds from issuance of subsidiary common stock		$ 4,700

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets:
Cash equivalents	$ 365,589	$ 980,580
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	365,589	980,580
Restricted cash	6,369	4,352
Liabilities:
Interest rate collar	11,527	16,908
Fair Value, Measurements, Recurring \| Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	0	504,980
Restricted cash	4,631	2,054
Liabilities:
Interest rate collar	0	0
Fair Value, Measurements, Recurring \| Other Observable Inputs (Level 2)
Assets:
Cash equivalents	365,589	475,600
Restricted cash	1,738	2,298
Liabilities:
Interest rate collar	11,527	16,908
Fair Value, Measurements, Recurring \| Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Restricted cash	0	0
Liabilities:
Interest rate collar	$ 0	$ 0

Customer Contract Liabilities Schedule of Customer Contract Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 431,536	$ 904,792	$ 596,463	$ 769,053
Change in outstanding chips and front money deposits	(164,927)	135,739
Advanced room deposits and ticket sales	56,208	28,874	29,224	49,834
Change in advanced room deposits and ticket sales	26,984	(20,960)
Other gaming related liabilities	10,333	5,592	7,882	13,970
Change in other gaming related liabilities	2,451	(8,378)
Loyalty program liabilities	29,260	21,566	22,736	21,148
Change in loyalty program liabilities	6,524	418
Total customer contract liabilities	527,337	960,824	$ 656,305	$ 854,005
Change in total customer contract liabilities	$ (128,968)	$ 106,819

Stock-Based Compensation - Share Based Compensation Allocated Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 25,107	$ 21,084	$ 49,453	$ 30,448
Total stock-based compensation capitalized	1,124	486	2,029	703
Total stock-based compensation costs	26,231	21,570	51,482	31,151
Reversal of compensation cost previously recognized for awards forfeited in connection with departure of employee				3,300
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	3,686	3,196	7,577	2,300
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	403	346	909	695
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	822	666	1,972	1,303
Entertainment, retail and other (2)
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	4,921	84	9,221	157
Entertainment, retail and other (2) \| Restricted Stock Performance Awards
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,400	4,400	2,700	4,400
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 15,275	$ 16,792	$ 29,774	$ 25,993

Income Taxes - Additional Information (Detail) $ in Thousands, MOP$ in Millions	1 Months Ended	3 Months Ended			6 Months Ended				12 Months Ended
	Apr. 30, 2020	Jun. 30, 2021 USD ($)	Jun. 30, 2021 MOP (MOP$)	Jun. 30, 2020 USD ($)	Jun. 26, 2022 USD ($)	Jun. 26, 2022 MOP (MOP$)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 MOP (MOP$)
Income Tax Disclosure [Abstract]
Income tax expense (benefit)		$ (697)		$ (80,938)			$ (1,190)	$ (156,738)
Required annual payment, complimentary tax otherwise due by stockholders of Wynn Macau S.A.		$ 1,600	MOP$ 12.8
Income Taxes [Line Items]
Complementary tax rate	12.00%
Forecast
Income Taxes [Line Items]
Payment for dividend tax agreement					$ 800	MOP$ 6.3			$ 1,600	MOP$ 12.8

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Earnings Per Share - Schedule of Shares used in Calculation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net loss attributable to Wynn Resorts, Limited	$ (131,369)	$ (637,564)	$ (412,347)	$ (1,039,601)
Denominator:
Weighted average common shares outstanding (shares)	114,545	106,713	112,792	106,688
Potential dilutive effect of stock options and restricted stock (shares)	0	0	0	0
Weighted average common and common equivalent shares outstanding (shares)	114,545	106,713	112,792	106,688
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in usd per share)	$ (1.15)	$ (5.97)	$ (3.66)	$ (9.74)
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in usd per share)	$ (1.15)	$ (5.97)	$ (3.66)	$ (9.74)
Antidilutive securities excluded from computation of earnings per share (shares)	1,129	1,127	1,129	1,127

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Minimum rental income	$ 25,218	$ 28,073	$ 47,957	$ 59,723
Contingent rental income	30,110	1,839	56,115	8,519
Total rental income	$ 55,328	$ 29,912	$ 104,072	$ 68,242

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Derivative Litigation \| Positive Outcome of Litigation
Commitments and Contingencies [Line Items]
Net proceeds received from settlement agreement becoming effective and final	$ 30.2	$ 30.2

Retail Joint Venture - Additional information (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Variable Interest Entities [Line Items]
Assets	$ 13,022,665	$ 13,869,547
Liabilities	13,376,504	14,606,864
Long-term debt	11,920,913	13,065,770
Retail Joint Venture \| Retail
Schedule of Variable Interest Entities [Line Items]
Assets	101,200	96,300
Liabilities	629,100	633,500
Long-term debt	$ 612,600	$ 612,300

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition

Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Information - Summary of Results of Operations by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Total operating revenues	$ 990,113	$ 85,698	$ 1,726,795	$ 1,039,414
Adjusted Property EBITDA	206,880	(322,897)	265,780	(328,226)
Other operating expenses
Pre-opening	2,495	2,186	4,122	4,737
Depreciation and amortization	183,307	179,266	368,428	358,012
Property charges and other	5,651	6,567	11,268	33,796
Corporate expenses and other	19,841	(8,984)	37,762	15,208
Stock-based compensation	25,107	21,084	49,453	30,448
Total other operating expenses	236,401	200,119	471,033	442,201
Operating loss	(29,521)	(523,016)	(205,253)	(770,427)
Other non-operating income and expenses
Interest income	720	3,983	1,624	11,936
Interest expense, net of amounts capitalized	(150,424)	(133,218)	(303,276)	(262,045)
Change in derivatives fair value	972	(3,294)	5,381	(18,954)
Loss on extinguishment of debt	0	(619)	(1,322)	(1,462)
Other	5,553	2,233	(5,540)	12,568
Total other non-operating income and expenses	(143,179)	(130,915)	(303,133)	(257,957)
Loss before income taxes	(172,700)	(653,931)	(508,386)	(1,028,384)
Provision for income taxes	(697)	(80,938)	(1,190)	(156,738)
Net loss	(173,397)	(734,869)	(509,576)	(1,185,122)
Net loss attributable to noncontrolling interests	42,028	97,305	97,229	145,521
Net loss attributable to Wynn Resorts, Limited	(131,369)	(637,564)	(412,347)	(1,039,601)
Derivative Litigation \| Positive Outcome of Litigation \| General and Administrative Expense
Other non-operating income and expenses
Net gain related to derivative litigation settlement		27,700		27,700
Operating Segments \| Macau Operations
Segment Reporting Information [Line Items]
Total operating revenues	454,399	20,606	871,376	509,608
Adjusted Property EBITDA	67,641	(193,554)	111,566	(164,170)
Operating Segments \| Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	270,371	8,718	507,697	268,231
Adjusted Property EBITDA	53,555	(110,908)	80,924	(100,732)
Operating Segments \| Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	184,028	11,888	363,679	241,377
Adjusted Property EBITDA	14,086	(82,646)	30,642	(63,438)
Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	355,066	64,886	533,782	388,710
Adjusted Property EBITDA	133,222	(75,564)	161,303	(97,641)
Operating Segments \| Las Vegas Operations \| Commitment to pay salary, tips, and benefits continuation for all U.S. employess for period from April 1 through May 15, 2020
Other non-operating income and expenses
Accrual of net expense related to commitment to pay salary, tips and benefits continuation for all U.S. employees		56,400		56,400
Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	165,241	206	295,331	141,096
Adjusted Property EBITDA	46,916	(53,779)	77,279	(66,415)
Operating Segments \| Encore Boston Harbor \| Commitment to pay salary, tips, and benefits continuation for all U.S. employess for period from April 1 through May 15, 2020
Other non-operating income and expenses
Accrual of net expense related to commitment to pay salary, tips and benefits continuation for all U.S. employees		19,300		19,300
Corporate and other
Segment Reporting Information [Line Items]
Total operating revenues	15,407	0	26,306	0
Adjusted Property EBITDA	(40,899)	0	(84,368)	0
Casino
Segment Reporting Information [Line Items]
Total operating revenues	602,746	9,413	1,118,964	580,202
Casino \| Operating Segments \| Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	212,067	(11,428)	397,976	196,148
Casino \| Operating Segments \| Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	142,419	(3,524)	281,346	186,604
Casino \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	112,775	24,365	192,678	95,660
Casino \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	135,485	0	246,964	101,790
Rooms
Segment Reporting Information [Line Items]
Total operating revenues	137,765	17,415	213,955	170,096
Rooms \| Operating Segments \| Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	20,883	2,431	37,895	22,141
Rooms \| Operating Segments \| Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	13,427	2,631	28,129	18,542
Rooms \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	93,785	12,353	133,546	118,458
Rooms \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	9,670	0	14,385	10,955
Food and beverage
Segment Reporting Information [Line Items]
Total operating revenues	149,142	24,007	217,651	173,421
Food and beverage \| Operating Segments \| Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	13,805	4,231	25,477	17,529
Food and beverage \| Operating Segments \| Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	8,559	3,684	15,992	13,215
Food and beverage \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	112,858	16,092	152,935	122,071
Food and beverage \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	13,920	0	23,247	20,606
Entertainment, retail and other
Segment Reporting Information [Line Items]
Total operating revenues	100,460	34,863	176,225	115,695
Entertainment, retail and other \| Operating Segments \| Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	23,616	13,484	46,349	32,413
Entertainment, retail and other \| Operating Segments \| Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	19,623	9,097	38,212	23,016
Entertainment, retail and other \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	35,648	12,076	54,623	52,521
Entertainment, retail and other \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	6,166	206	10,735	7,745
Entertainment, retail and other \| Corporate and other
Segment Reporting Information [Line Items]
Total operating revenues	$ 15,407	$ 0	$ 26,306	$ 0

Segment Information - Summary of Assets by Segment (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets	$ 13,022,665	$ 13,869,547
Corporate and other
Segment Reporting Information [Line Items]
Assets	2,003,475	1,954,064
Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	3,017,361	2,992,870
Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	2,257,729	2,300,016
Operating Segments \| Macau
Segment Reporting Information [Line Items]
Assets	5,744,100	6,622,597
Operating Segments \| Macau \| Wynn Palace
Segment Reporting Information [Line Items]
Assets	3,255,389	3,393,790
Operating Segments \| Macau \| Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,013,148	1,202,709
Operating Segments \| Macau \| Other Macau
Segment Reporting Information [Line Items]
Assets	$ 1,475,563	$ 2,026,098