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WML Convertible Bond Conversion Option Derivative - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Mar. 07, 2023	Dec. 31, 2022
Derivative [Line Items]
WML Convertible Bond Conversion Option Derivative	$ 73,744		$ 0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt
Loss on embedded derivative	$ 49,700
WML Convertible Bonds \| Convertible Debt \| WML
Derivative [Line Items]
Unamortized discount		$ 123,500
WML Convertible Bond Conversion Option Derivative	$ 73,700

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

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+ Details

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Minimum rental income	$ 131,901	$ 126,226
Minimum rental income			$ 104,860
Contingent rental income	96,831	62,586
Contingent rental income			97,521
Total rental income	$ 228,732	$ 188,812
Total rental income			$ 202,381
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash	$ 1,076,474	$ 1,699,583
Cash equivalents	1,802,712	1,950,857
Total cash and cash equivalents	2,879,186	3,650,440
Restricted cash	90,226	132,550
Total cash, cash equivalents and restricted cash	2,969,412	3,782,990	$ 2,531,067	$ 3,486,384
Restricted cash, bank guarantee	$ 87,000	$ 124,500

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

Basis of Presentation and Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies

Significant Accounting Policies

Basis of Presentation and Principles of Consolidation

The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and 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 19, "Retail Joint Venture." If the entity does not qualify for consolidation and the Company has significant influence over the operating and financial decisions of the entity, the Company accounts for the entity under the equity method. For more information on the Company's equity method investments, see Investments in Unconsolidated Affiliate within Note 2, "Basis of Presentation and Significant Accounting Policies." All significant intercompany accounts and transactions have been eliminated. Certain amounts in the consolidated financial statements for the years ended December 31, 2022 and 2021 have been reclassified to be consistent with the current period 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 deferred tax assets and credit losses, estimates regarding the useful lives and recoverability of long-lived and intangible assets, valuations of derivatives, and litigation and contingency estimates.

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents consist of cash and highly liquid investments with original maturities of three months or less and include both U.S. dollar-denominated and foreign currency-denominated securities. Cash equivalents are carried at cost, which approximates fair value. Restricted cash consists of cash collateral associated with obligations, cash held in a trust in accordance with WML's share award plan, and an amount held in the form of a first demand bank guarantee in favor of the Macau government to support Wynn Macau SA's legal and contractual obligations under the Gaming Concession Contract.

Investments

The Company's investments include financial assets in the form of interest-bearing fixed deposits, which are recorded at fair value (see Note 10, "Fair Value Measurements"), and debt securities in the form of United States treasury bills. Investments in debt securities which the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost. Debt securities held primarily for the purpose of selling in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses included in income. Debt securities not classified as held-to-maturity or trading are classified as available-for-sale and are reported at fair value with unrealized gains

and losses as a separate component of other comprehensive income. Premiums and discounts on debt securities are amortized or accreted into interest income using the effective interest method. All of the Company’s debt securities are classified as held-to-maturity.

As of December 31, 2023, the Company held $550.0 million in fixed deposits, recorded at fair value, and $295.2 million in debt securities, recorded at amortized cost within Investments on the Consolidated Balance Sheets. The estimated fair value of the Company's debt securities as of December 31, 2023 was approximately $294.8 million and the gross unrecognized holding loss was $0.4 million. As of December 31, 2023, the Company had $8.7 million in accrued interest on its debt securities, recorded in Investments on the Consolidated Balance Sheets.

As of December 31, 2022, the Company had no investments in fixed deposits or debt securities recorded within Investments on the Consolidated Balance Sheets.

As of the balance sheet date, the Company evaluates whether the unrealized losses are attributable to credit losses or other factors. The Company considers the severity of the decline in value, creditworthiness of the issuer and other relevant factors and records an allowance for credit losses, limited to the excess of amortized cost over fair value, with a corresponding charge to earnings. The allowance may be subsequently increased or decreased based on the prevailing facts and circumstances. During the year ended December 31, 2023, the Company recorded no allowance for credit losses related to its investments.

Accounts Receivable and Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues credit in the form of "markers" to approved casino customers following investigations of creditworthiness.

Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are recorded at amortized cost. Casino receivables primarily consist of credit issued to patrons in the form of markers. The Company issues credit based on factors such as level of play and financial resources, following background and credit checks. The casino credit extended by the Company is generally unsecured and due on demand.

An estimated allowance for credit losses is maintained to reduce the Company's receivables to their carrying amount, which reflects the net amount the Company expects to collect. The allowance estimate reflects specific review of customer accounts taking into consideration the amount owed, the age of the account, the customer's financial condition, management's experience with historical and current collection trends, current economic and business conditions, and management's expectations of future economic and business conditions and forecasts. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received.

Inventories

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

Property and Equipment

Purchases of property and equipment are stated at cost, and when placed into service, are depreciated over the estimated

useful lives of the assets using the straight-line method as follows:


			Estimated Useful Life in Years
Buildings and improvements			10 - 45
Land improvements			10 - 45
Furniture, fixtures and equipment			3 - 20
Leasehold interest in land			25
Airplanes			20

Costs related to improvements are capitalized, while costs of repairs and maintenance are charged to expense as incurred. The cost and accumulated depreciation of property and equipment retired or otherwise disposed of are eliminated from the respective accounts and any resulting gain or loss is included in property charges and other in the accompanying Consolidated Statements of Operations.

Capitalized Interest

The interest cost associated with major development and construction projects, and interest cost associated with equity method investments incurred during the investee's initial development period, is capitalized and included in the cost of the project or investment in unconsolidated affiliate balance. Interest capitalization ceases once a project is substantially complete or no longer undergoing construction activities to prepare it for its intended use. When no debt is specifically identified as being incurred in connection with a construction project, the Company capitalizes interest on amounts expended on the project using the weighted average cost of the Company's outstanding borrowings. Interest of $5.8 million was capitalized for the year ended December 31, 2023. No interest was capitalized for the years ended December 31, 2022 and 2021.

Goodwill

Goodwill represents the excess of the purchase price in a business combination over the fair value of the tangible and intangible assets acquired and the liabilities assumed. Goodwill is not amortized, but rather is subject to an annual impairment test.

The Company tests goodwill for impairment annually, or more frequently if events or changes in circumstances indicate that this asset may be impaired. The Company’s test of goodwill impairment starts with a qualitative assessment to determine whether it is necessary to perform a quantitative goodwill impairment test. If qualitative factors indicate that the fair value of the reporting unit is more likely than not less than its carrying amount, then a quantitative goodwill impairment test is performed. For the quantitative analysis, the Company compares the fair value of its reporting unit to its carrying value. If the estimated fair value exceeds its carrying amount, goodwill is considered not to be impaired and no additional steps are necessary. However, if the fair value of the reporting unit is less than its carrying amount, goodwill impairment is recorded equal to the difference between the carrying amount of the reporting unit and its fair value, not to exceed the carrying amount of goodwill.

Intangible Assets other than Goodwill

The Company's intangible assets other than goodwill consist primarily of finite-lived intangible assets, including its Macau gaming concession and Massachusetts gaming license. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives. The Company's indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually.

Long-Lived Assets

Long-lived assets, which are to be held and used, including finite-lived intangible assets and property and equipment, are periodically reviewed by management for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. If an indicator of impairment exists, the Company compares the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, then impairment is measured as the difference between fair value and carrying value, with fair value typically based on a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs.

Leases

Lessee Arrangements

The Company is the lessee under non-cancelable real estate and equipment leases. The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset.

Finance and operating lease assets and liabilities are measured and recorded upon lease commencement at the present value of the future minimum lease payments. The Company combines lease and nonlease components in its determination of minimum lease payments, except for certain asset classes that have significant nonlease components. As the interest rate implicit in its leases is not readily determinable, the Company uses its incremental borrowing rate as the discount rate to determine the present value of lease payments. Lease terms include options to extend the lease when it is reasonably certain that such option will be exercised. The Company’s triple-net operating lease related to Encore Boston Harbor contains a renewal period at the Company’s option, which is not considered to be reasonably certain of being exercised. Many of the Company’s leases include fixed rental escalation clauses that are factored into the determination of lease payments. A lessee is required to classify a lease as a finance lease if, among other factors, 1) the term is for the major part of the remaining economic life of the underlying asset or 2) the present value of the sum of the lease payments equals or exceeds substantially all of the fair value of the underlying asset. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. For finance leases, the Company records depreciation of the lease asset on a straight-line basis over the shorter of the lease term or useful life of the lease asset, and the lease liability accretes interest using the discount rate determined at lease commencement. The Company does not record an asset or liability for leases with a term of less than one year. Variable lease costs generally arise from changes in an index, such as the consumer price index. Variable lease costs are expensed as incurred and are not included in the determination of lease assets or liabilities.

For sale-leaseback arrangements, such as the EBH Transaction, the Company is required to determine whether the transaction qualifies as a sale, which includes assessing whether a contract exists and if so, whether control has passed to the counterparty in the contract. Control indicators include, but are not limited to, whether the entity has a present right to payment for the asset, whether the customer has legal title to the asset, whether the entity has transferred physical possession of the asset, whether the customer has significant risks and rewards of ownership of the asset, and whether the customer has accepted the asset. If it is determined that a sale has occurred, the Company recognizes an operating or finance lease based on the factors outline in the preceding paragraph. A finance lease would preclude sale accounting.

Lessor Arrangements

The Company is the lessor under non-cancelable operating leases for retail and food and beverage outlet space at its integrated resorts, which represents approximately 102,000, 63,000, 187,000, and 39,000 square feet of space at Wynn Palace, Wynn Macau, Wynn Las Vegas, and Encore Boston Harbor, respectively. The lease arrangements generally include minimum base rent and contingent rental clauses based on a percentage of net sales. Generally, the terms of the leases range between five and 10 years. The Company records revenue on a straight-line basis over the term of the lease, and recognizes revenue for contingent rentals when the contingency has been resolved. The Company has elected to combine lease and nonlease components for the purpose of measuring lease revenue.

Investments in Unconsolidated Affiliate

The Company accounts for its investment in Island 3 AMI FZ-LLC, an unconsolidated affiliate which is currently constructing Wynn Al Marjan Island, using the equity method. Under the equity method, the investment's carrying value is adjusted for the Company’s share of the investee's earnings and losses, capital contributions to and distributions from this company, and capitalization of interest cost incurred by the Company during the investee's initial development period. As of December 31, 2023 and 2022, the Company had investments in unconsolidated affiliate of $90.9 million and $39.9 million, respectively, recorded in noncurrent other assets in the accompanying Consolidated Balance Sheets.

The Company classifies operating income and losses as well as gains and impairments related to its investment in unconsolidated affiliate as a component of Operating income (loss) within the Company's accompanying Consolidated Statements of Operations, and classifies non-operating income or losses related to its investments in unconsolidated affiliates as a component of Other income (expense) within the Company's accompanying Consolidated Statements of Operations, as the Company’s investments in unconsolidated affiliate are an extension of the Company's core business operations. The Company recognized a loss on investments in unconsolidated affiliate of $2.4 million and $0.3 million during the years ended December 31, 2023 and 2022, respectively, recorded in Pre-opening within the Company's accompanying Consolidated Statements of Operations.

Debt Issuance Costs

Direct and incremental costs and original issue discounts and premiums incurred in connection with the issuance of long-term debt are deferred and amortized to interest expense using the effective interest method or, if the amounts approximate the effective interest method, on a straight-line basis. Debt issuance costs incurred in connection with the issuance of the Company's revolving credit facilities are presented in noncurrent other assets on the Consolidated Balance Sheets. All other debt issuance costs are presented as a direct reduction of long-term debt on the Consolidated Balance Sheets. Approximately $39.5 million, $29.4 million, and $27.0 million was amortized to interest expense during the years ended December 31, 2023, 2022, and 2021, respectively.

Derivative Financial Instruments

The Company has an interest rate collar to manage interest rate exposure on its Retail Term Loan (as defined in Note 7, "Long-Term Debt"). The Company measures the fair value of the interest rate collar at each balance sheet date based on a Black-Scholes option pricing model, which incorporates observable market inputs such as market volatility and interest rates. The fair value of the interest rate collar is recognized as an asset or liability at each balance sheet date, with changes in fair value recorded in earnings as the Company's interest rate collar does not qualify for hedge accounting. The fair value approximates the amount the Company would pay if the interest rate collar was settled at the respective valuation date.

See Note 8, "WML Convertible Bond Conversion Option Derivative" for accounting policy disclosures relating to the WML Convertible Bond Conversion Option Derivative (as defined therein).

Revenue Recognition

The Company's revenue from contracts with customers primarily consists of casino wagers and sales of rooms, food and beverage, entertainment, retail and other goods and services.

Gross casino revenues are measured by the aggregate net difference between gaming wins and losses. The Company applies a practical expedient by accounting for its casino wagering transactions on a portfolio basis versus an individual basis as all wagers have similar characteristics. Commissions rebated to customers either directly or indirectly through games promoters and cash discounts and other cash incentives earned by customers are recorded as a reduction of casino revenues. In addition to the wager, casino transactions typically include performance obligations related to complimentary goods or services provided to incentivize future gaming or in exchange for points earned under the Company's loyalty programs.

For casino transactions that include complimentary goods or services provided by the Company to incentivize future gaming, the Company allocates the standalone selling price of each good or service to the appropriate revenue type based on the good or service provided. Complimentary goods or services that are provided under the Company's control and discretion and supplied by third parties are recorded as an operating expense.

The Company offers loyalty programs at each of its resorts. Customers earn points based on their level of table games and slots play, which can be redeemed for slots free play, gifts and complimentary goods or services provided by the Company. For casino transactions that include points earned under the Company's loyalty programs, the Company defers a portion of the revenue by recording the estimated standalone selling price of the earned points that are expected to be redeemed as a liability.

Upon redemption of the points for Company-owned goods or services, the standalone selling price of each good or service is allocated to the appropriate revenue type based on the good or service provided. Upon the redemption of points with third parties, the redemption amount is deducted from the liability and paid directly to the third party with any difference between the amount paid and the stand-alone selling price recorded as Entertainment, retail and other revenue in the accompanying Consolidated Statements of Operations.

After allocating amounts to the complimentary goods or services provided and to the points earned under the Company's loyalty programs, the residual amount is recorded as casino revenue when the wager is settled.

The transaction price for rooms, food and beverage, entertainment, retail and other transactions is the net amount collected from the customer for such goods and services and is recorded as revenue when the goods are provided, services are performed or events are held. Sales tax and other applicable taxes collected by the Company are excluded from revenues. Advance deposits on rooms and advance ticket sales are performance obligations that are recorded as customer deposits until services are provided to the customer. Revenues from contracts with multiple goods or services are allocated to each good or service based

on its relative standalone selling price. As previously noted, Entertainment, retail and other revenue also includes lease revenue, which is recognized in accordance with the relevant accounting principles.

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 Consolidated Statements of Operations. These taxes totaled $1.57 billion, $526.3 million, and $830.4 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Advertising Costs

The cost of advertising is expensed as incurred, and totaled $112.6 million, $148.6 million, and $250.6 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Pre-opening Expenses

Pre-opening expenses represent personnel, advertising, and other costs incurred prior to the opening of new ventures and are expensed as incurred. During the year ended December 31, 2023, the Company incurred pre-opening expenses primarily in connection with the launch of sports betting operations in Massachusetts. During the year ended December 31, 2022, the Company incurred pre-opening expenses primarily in connection with reconfiguring the theater space at Wynn Las Vegas to host an exclusive theatrical production, Awakening. During the year ended December 31, 2021, the Company incurred pre-opening expenses primarily in connection with restaurant remodels at our Las Vegas Operations.

Income Taxes

The Company is subject to income taxes in the U.S. and foreign jurisdictions where it operates. Accounting standards require the recognition of deferred tax assets, net of applicable reserves, and liabilities for the estimated future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on the income tax provision and deferred tax assets and liabilities generally is recognized in the results of operations in the period that includes the enactment date. Accounting standards also require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not; otherwise, a valuation allowance is applied.

The Company's income tax returns are subject to examination by the Internal Revenue Service ("IRS") and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. The accounting standards prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements.

Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. If a tax position, based on its technical merits, is deemed more likely than not to be sustained, then the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement.

As applicable, the Company will recognize accrued penalties and interest related to unrecognized tax benefits in the provision for income taxes.

Foreign Currency

Gains or losses from foreign currency remeasurements are included in Other income (expense) in the accompanying Consolidated Statements of Operations. Balance sheet accounts are translated at the exchange rate in effect at each balance sheet date and income statement accounts are translated at the average rate of exchange prevailing during the year. Translation adjustments resulting from this process are charged or credited to other comprehensive loss.

Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) includes net income (loss) and all other non-stockholder changes in equity or other comprehensive income (loss). Components of the Company's comprehensive income (loss) are reported in the accompanying Consolidated Statements of Stockholders' Deficit and Consolidated Statements of Comprehensive Income (Loss).

Fair Value Measurements

The Company measures certain of its financial assets and liabilities, at fair value on a recurring basis pursuant to accounting standards for fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. These accounting standards establish a three-tier fair value hierarchy, which prioritizes the inputs used to measure fair value. These tiers include:

•Level 1 - Observable inputs such as quoted prices in active markets.

•Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable.

•Level 3 - Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with accounting standards, which require the compensation cost relating to share-based payment transactions be recognized in the Company's Consolidated Statements of Operations. The cost is measured at the grant date, based on the estimated fair value of the award using the Black-Scholes option pricing model for stock options, based on the estimated fair value of the award using the Monte Carlo simulation approach for performance share units, and based on the closing share price of the Company's stock on the grant date for nonvested share awards. Dividend yield is based on the estimate of annual dividends expected to be paid at the time of the grant. Expected volatility is based on implied and historical factors related to the Company's common stock. The risk-free interest rate used for each period presented is based on the U.S. Treasury yield curve for stock options issued under the Wynn Resorts Omnibus Plan and Wynn Interactive Omnibus Plan (as defined and discussed in Note 13, "Stock-Based Compensation") and the Hong Kong Exchange Fund rates for stock options issued under the Share Option Plan (as defined in Note 13, "Stock-Based Compensation"), both at the time of grant for the period equal to the expected term. Expected term represents the weighted average time between the option's grant date and its exercise date. The Company uses historical award exercise activity and termination activity in estimating the expected term for the Omnibus Plan and Share Option Plan. The cost is recognized as an expense on a straight-line basis over the employee's requisite service period (the vesting period of the award), and forfeitures are recognized as they occur. The Company's stock-based employee compensation arrangements are more fully discussed in Note 13, "Stock-Based Compensation."

Recently Issued Accounting Standards

The Company’s management has evaluated all of the recently issued, but not yet effective, accounting standards that have been issued or proposed by the Financial Accounting Standards Board ("FASB") or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position, results of operations and cash flows.

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Segment Reporting [Abstract]

Operations by Segment

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


	Year Ended December 31,
	2023		2022		2021
Operating revenues
Macau Operations:
Wynn Palace
Casino	$	1,471,280	$	255,886	$	677,917
Rooms	201,783		40,079		69,022
Food and beverage	104,566		35,546		47,985
Entertainment, retail and other(1)	109,215		78,778		88,083
	1,886,844		410,289		883,007
Wynn Macau
Casino	970,269		216,639		476,999
Rooms	109,308		25,691		50,492
Food and beverage	68,017		25,334		32,420
Entertainment, retail and other(1)	65,940		43,585		66,104
	1,213,534		311,249		626,015
Total Macau Operations	3,100,378		721,538		1,509,022

Las Vegas Operations:
Casino	628,185		535,279		426,440
Rooms	784,385		651,291		425,777
Food and beverage	770,401		702,515		489,587
Entertainment, retail and other(1)	297,635		243,051		161,877
Total Las Vegas Operations	2,480,606		2,132,136		1,503,681

Encore Boston Harbor:
Casino	648,668		624,738		552,064
Rooms	90,195		85,078		47,280
Food and beverage	85,653		82,818		63,919
Entertainment, retail and other(1)	41,270		38,439		28,260
Total Encore Boston Harbor	865,786		831,073		691,523

Wynn Interactive:
Entertainment, retail and other	85,127		72,078		59,438
Total Wynn Interactive	85,127		72,078		59,438

Total operating revenues	$	6,531,897	$	3,756,825	$	3,763,664

(1)Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 16, "Leases".


	Year Ended December 31,
	2023		2022		2021
Adjusted Property EBITDAR(1)
Macau Operations:
Wynn Palace	$	615,846	$	(96,557)	$	91,646
Wynn Macau	338,091		(124,047)		4,209
Total Macau Operations	953,937		(220,604)		95,855
Las Vegas Operations	946,243		801,095		530,878
Encore Boston Harbor	257,409		243,386		210,068
Wynn Interactive	(42,646)		(98,490)		(267,360)
Total	2,114,943		725,387		569,441
Other operating expenses
Pre-opening	9,468		20,643		6,821
Depreciation and amortization	687,270		692,318		715,962
Gain on EBH Transaction, net	—		(181,989)		—
Impairment of goodwill and intangible assets	94,490		48,036		10,254
Property charges and other(2)	130,877		65,116		40,508
Corporate expenses and other	146,430		102,539		95,199
Stock-based compensation	64,515		67,627		95,238
Triple-net operating lease rent expense	141,722		11,773		—
Total other operating expenses	1,274,772		826,063		963,982
Operating income (loss)	840,171		(100,676)		(394,541)
Other non-operating income and expenses
Interest income	175,785		29,758		3,213
Interest expense, net of amounts capitalized	(751,509)		(650,885)		(605,562)
Change in derivatives fair value	45,098		15,956		11,360
Loss on debt financing transactions	(12,683)		—		(2,060)
Other	(11,479)		5,811		(23,926)
Total other non-operating income and expenses	(554,788)		(599,360)		(616,975)
Income (loss) before income taxes	285,383		(700,036)		(1,011,516)
Benefit (provision) for income taxes	496,834		(9,332)		(474)
Net income (loss)	782,217		(709,368)		(1,011,990)
Net (income) loss attributable to noncontrolling interests	(52,223)		285,512		256,204
Net income (loss) attributable to Wynn Resorts, Limited	$	729,994	$	(423,856)	$	(755,786)

(1)"Adjusted Property EBITDAR" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, gain on EBH Transaction, net, impairment of goodwill and intangible assets, property charges and other, triple-net operating lease rent expense related to Encore Boston Harbor, 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 debt financing transactions, and other non-operating income and expenses. Adjusted Property EBITDAR 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 EBITDAR 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. The Company also presents Adjusted Property EBITDAR 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 EBITDAR 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 EBITDAR calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income (loss) as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income (loss), Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, the Company's calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

(2)For the year ended December 31, 2023, includes $94.9 million related to the Company's decision to cease operating Wynn Interactive's online sports betting and iGaming platform in certain jurisdictions.

Capital Expenditures


	Year Ended December 31,
	2023		2022		2021
Capital expenditures
Macau Operations:
Wynn Palace	$	66,262	$	31,946	$	37,169
Wynn Macau	25,602		13,003		25,249
Total Macau Operations	91,864		44,949		62,418
Las Vegas Operations	187,150		226,386		168,788
Encore Boston Harbor	70,578		20,187		38,730
Wynn Interactive	4,620		4,925		13,624
Corporate and other	88,581		3,680		7,097
Total	$	442,793	$	300,127	$	290,657

Assets and Capital Expenditures by Segment


	December 31,
	2023		2022		2021
Assets
Macau Operations:
Wynn Palace	$	2,936,264	$	2,884,073	$	3,122,424
Wynn Macau	1,864,211		1,430,051		1,032,521
Other Macau	886,175		268,017		1,173,913
Total Macau Operations	5,686,650		4,582,141		5,328,858
Las Vegas Operations	3,173,247		3,168,597		3,063,897
Encore Boston Harbor	2,006,565		2,080,424		2,193,117
Wynn Interactive	81,231		213,837		287,805
Corporate and other	3,048,530		3,370,101		1,657,149
Total	$	13,996,223	$	13,415,100	$	12,530,826

Long-lived Assets by Geographic Area


	December 31,
	2023		2022		2021
Long-lived assets
Macau	$	3,191,134	$	3,382,284	$	3,678,236
United States	5,585,943		5,570,249		5,604,531
Total	$	8,777,077	$	8,952,533	$	9,282,767

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction
Amount of transaction	$ 19,800,000	$ 0
Prepaid expenses and other	99,961,000	88,201,000
Related Party
Related Party Transaction
Prepaid expenses and other	$ 8,700,000	5,000,000
President \| Related Party
Related Party Transaction
Amount of transaction		$ 6,400,000

Income Taxes - Summary of Valuation Allowance (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Valuation Allowance [Line Items]
Valuation allowance	$ 1,340,581	$ 2,437,202
Foreign tax credits
Valuation Allowance [Line Items]
Valuation allowance	941,249	1,912,955
Disallowed interest expense carryforwards
Valuation Allowance [Line Items]
Valuation allowance	0	157,990
Intangible assets
Valuation Allowance [Line Items]
Valuation allowance	46,084	27,164
U.S. loss carryforwards
Valuation Allowance [Line Items]
Valuation allowance	160,778	107,407
Other U.S. deferred tax assets
Valuation Allowance [Line Items]
Valuation allowance	24,872	48,396
Foreign loss carryforwards
Valuation Allowance [Line Items]
Valuation allowance	80,569	109,283
Other foreign deferred tax assets
Valuation Allowance [Line Items]
Valuation allowance	$ 87,029	$ 74,007

Basis of Presentation and Significant Accounting Policies - Additional Information (Details) ft² in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Summary of Significant Accounting Policies
Fixed deposits	$ 550,000,000
Investment securities, amortized cost	295,200,000
Investment securities, fair value	294,800,000
Investment securities, unrecognized holding loss	400,000
Investment securities, accrued interest	$ 8,700,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Investments
Investment securities, impairment loss	$ 0
Interest expense	5,800,000	$ 0	$ 0
Equity method investments	90,900,000	39,900,000
Income (loss) from equity method investments	2,400,000	300,000
Amortization of debt issuance costs	$ 39,532,000	29,427,000	27,047,000
DerivativeAssetStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag	false
Gaming tax expenses	$ 1,570,000,000	526,300,000	830,400,000
Total advertising costs	$ 112,600,000	$ 148,600,000	$ 250,600,000
Minimum
Summary of Significant Accounting Policies
Terms of lease contracts	5 years
Maximum
Summary of Significant Accounting Policies
Terms of lease contracts	10 years
Wynn Palace
Summary of Significant Accounting Policies
Square footage of non-cancelable operating leases \| ft²	102
Wynn Macau
Summary of Significant Accounting Policies
Square footage of non-cancelable operating leases \| ft²	63
Wynn Las Vegas
Summary of Significant Accounting Policies
Square footage of non-cancelable operating leases \| ft²	187
Encore Boston Harbor
Summary of Significant Accounting Policies
Square footage of non-cancelable operating leases \| ft²	39

Income Taxes - Summary of Consolidated Income (Loss) Before Taxes For U.S. and Foreign Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ 142,775	$ 339,513	$ (264,323)
Foreign	142,608	(1,039,549)	(747,193)
Total	$ 285,383	$ (700,036)	$ (1,011,516)

Leases - Schedule of Lease Cost and Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lease cost:
Operating lease cost	$ 17,173	$ 18,321	$ 22,878
Triple-net operating lease cost related to Encore Boston Harbor	141,722	11,773	0
Short-term lease cost	27,468	21,060	16,224
Amortization of leasehold interests in land	13,666	13,728	13,862
Variable lease cost	1,868	1,081	911
Finance lease interest cost	2,363	2,131	2,216
Total lease cost	204,260	68,094	56,091
Supplemental cash flow disclosures:
Operating lease liabilities arising from obtaining operating lease assets	26,657	1,519,628	3,761
Finance lease liabilities arising from obtaining finance lease assets	8,842	5,906	7,423
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities - Operating leases	139,054	26,094	21,404
Cash used in financing activities - Finance leases	$ 19,267	$ 18,188	$ 15,658
Other information:
Weighted-average remaining lease term - Operating leases	30 years 1 month 6 days	31 years 1 month 6 days	46 years 6 months
Weighted-average remaining lease term - Finance leases	19 years 8 months 12 days	16 years	14 years
Weighted-average discount rate - Operating leases	8.00%	8.00%	6.60%
Weighted-average discount rate - Finance leases	5.80%	5.00%	4.70%

Long-Term Debt - Scheduled Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 711,154
2025	3,530,083
2026	1,037,471
2027	2,248,278
2028	1,350,000
Thereafter	2,950,000
Long-term debt, gross	11,826,986	$ 12,162,973
WML Convertible Bond Conversion Option Derivative	73,744	0
Unamortized debt issuance costs and original issue discounts and premium, net	(162,393)
Long-term debt total	$ 11,738,337	$ 12,116,859

Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share ("EPS") is computed by dividing net income (loss) attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) attributable to Wynn Resorts, adjusted for the potential dilutive impact assuming that the conversion of the WML Convertible Bonds occurred as of the date of their issuance under the if-converted method, 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):


	Year Ended December 31,
	2023		2022		2021
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited - basic	$	729,994	$	(423,856)	$	(755,786)
Effect of dilutive securities of Wynn Resorts, Limited subsidiaries:
Assumed conversion of WML Convertible Bonds	(16,495)		—		—
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$	713,499	$	(423,856)	$	(755,786)

Denominator:
Weighted average common shares outstanding	112,523		113,623		113,760
Potential dilutive effect of stock options, nonvested, and performance nonvested shares	332		—		—
Weighted average common and common equivalent shares outstanding	112,855		113,623		113,760

Net income (loss) attributable to Wynn Resorts, Limited per common share, basic	$	6.49	$	(3.73)	$	(6.64)
Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted	$	6.32	$	(3.73)	$	(6.64)

Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share	238		895		925

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($)	Dec. 31, 2023	Feb. 16, 2023	Dec. 31, 2022	Apr. 14, 2020	Jul. 25, 2018	May 11, 2017	Feb. 18, 2015	May 22, 2013
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,826,986,000		$ 12,162,973,000
WML Convertible Bond Conversion Option Derivative	73,744,000		0
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(162,393,000)		(46,114,000)
Long-term debt total	11,738,337,000		12,116,859,000
Less: Current portion of long-term debt	(709,593,000)		(547,543,000)
Total long-term debt, net of current portion	11,028,744,000		11,569,316,000
WM Cayman II \| WM Cayman II Revolver, due 2025 \| Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	1,497,610,000		1,500,473,000
WML \| WML 4 7/8% Senior Notes, due 2024 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000,000		600,000,000
Debt instrument, interest rate	4.875%
WML \| WML 5 1/2% Senior Notes, due 2026 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000,000		1,000,000,000
Debt instrument, interest rate	5.50%
WML \| WML 5 1/2% Senior Notes, due 2027 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000,000		750,000,000
Debt instrument, interest rate	5.50%
WML \| WML 5 5/8% Senior Notes, due 2028 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,350,000,000		1,350,000,000
Debt instrument, interest rate	5.125%
WML \| WML 5 1/8% Senior Notes, due 2029 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000,000		1,000,000,000
Debt instrument, interest rate	5.625%
WML \| WML 4 1/2% Convertible Bonds, due 2029 \| Convertible Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000,000		0
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(120,500,000)
Long-term debt total	$ 479,500,000
Debt instrument, interest rate	4.50%
WRF \| WRF Term Loan, due 2024 \| Secured Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 73,683,000		837,500,000
WRF \| WRF Term Loan, due 2027 \| Secured Debt
Debt Instrument [Line Items]
Long-term debt, gross	730,692,000		0
WRF \| WRF 7 3/4% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		600,000,000
Debt instrument, interest rate	7.75%			7.75%
WRF \| WRF 5 1/8% Senior Notes, due 2029 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000,000		750,000,000
Debt instrument, interest rate	5.125%
WRF \| WRF 7 1/8% Senior Notes, due 2031 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000,000	$ 596,200,000	0
Debt instrument, interest rate	7.125%
WLV \| WLV 4 1/4% Senior Notes, due 2023 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		500,000,000
Debt instrument, interest rate	4.25%							4.25%
WLV \| WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,380,001,000		1,780,000,000
Debt instrument, interest rate	5.50%						5.50%
WLV \| WLV 5 1/4% Senior Notes, due 2027 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 880,000,000		880,000,000
Debt instrument, interest rate	5.25%					5.25%
Retail Term Loan, due 2025 \| Retail Term Loan, due 2025 \| Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 615,000,000		$ 615,000,000		$ 615,000,000

Long-Term Debt - Retail Term Loan (Details) - USD ($)		12 Months Ended
Long-Term Debt - Retail Term Loan (Details) - USD ($)	Jul. 25, 2018	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 02, 2023	Jul. 31, 2018
Debt Instrument [Line Items]
Long-term debt, gross		$ 11,826,986,000	$ 12,162,973,000
Proceeds from Issuance of Long-term Debt		1,200,000,000	211,435,000	$ 1,340,281,000
Fair value of interest rate collar liability		73,744,000	0
Interest Rate Collar
Debt Instrument [Line Items]
Interest rate swap notional amount						$ 615,000,000
Fair value of interest rate collar liability		$ 5,800,000	10,400,000
Fair value of interest rate collar liability recorded in Other accrued liabilities			6,700,000
Fair value of interest rate collar liability recorded in Other long-term liabilities			3,700,000
Retail Term Loan, Due 2025 \| Medium-term Notes \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate		1.80%
Retail Term Loan, Due 2025 \| Medium-term Notes \| Retail Term Loan, due 2025
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount					$ 615,000,000
Long-term debt, gross	$ 615,000,000	$ 615,000,000	$ 615,000,000
Proceeds from Issuance of Long-term Debt	$ 589,000,000
Retail Term Loan, Due 2025 \| Medium-term Notes \| Retail Term Loan, due 2025 \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate	0.10%	1.70%
Retail Term Loan, Due 2025 \| Medium-term Notes \| Retail Term Loan, due 2025 \| Secured Overnight Financing Rate (SOFR) \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Retail Term Loan, Due 2025 \| Medium-term Notes \| Retail Term Loan, due 2025 \| Secured Overnight Financing Rate (SOFR) \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	3.67%

Leases - Summary of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Operating leases	$ 1,832,896	$ 1,853,164
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net	Property and equipment, net
Finance leases	$ 43,078	$ 52,848
Current liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Operating leases	$ 9,295	$ 9,905
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Finance leases	$ 13,412	$ 18,416
Non-current liabilities
Operating leases	$ 1,631,749	$ 1,615,157
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Finance leases	$ 24,028	$ 29,407

Receivables, net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 381,787	$ 294,875
Less: allowance for doubtful accounts	(40,075)	(78,842)
Receivables, net	$ 341,712	$ 216,033
Geographic Concentration Risk \| Receivables \| Outside the United States, primarily Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of markers due from customers	68.20%	57.60%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 218,694	$ 171,893
Allowance for credit losses, percent of gross casino receivables	15.90%	43.20%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 54,596	$ 35,654
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 108,497	$ 87,328

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Las Vegas, Nevada

Long-Term Debt - WM Cayman II Revolver (Details) $ in Millions		12 Months Ended
	Jun. 27, 2023	Dec. 31, 2023	Sep. 16, 2021 USD ($)	Sep. 16, 2021 HKD ($)
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| WM Cayman II
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			$ 1,500,000,000
Line of credit, additional borrowing capacity			1,000,000,000
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| WM Cayman II \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.975%
WM Cayman II Revolver, due 2025 \| Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, floor rate	0.00%
WM Cayman II Revolver, due 2025 \| Line of Credit \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt instrument, adjustment rate	0.10%
WM Cayman II Revolver, due 2025, Tranche 1 \| Revolving Credit Facility \| WM Cayman II
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			312,500,000
WM Cayman II Revolver, due 2025, Tranche 2 \| Revolving Credit Facility \| WM Cayman II
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			$ 1,190,000,000	$ 9,260
WM Cayman II Revolver, due 2025, Tranche One \| Line of Credit \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.875%
WM Cayman II Revolver, due 2025, Tranche One \| Line of Credit \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.875%
WM Cayman II Revolver, due 2025, Tranche Two \| Line of Credit \| Revolving Credit Facility \| Hong Kong Interbank Offered Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.875%
WM Cayman II Revolver, due 2025, Tranche Two \| Line of Credit \| Revolving Credit Facility \| Hong Kong Interbank Offered Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.875%

WML Convertible Bond Conversion Option Derivative (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Valuation Techniques for Embedded Derivative

The following table sets forth the inputs to the lattice models that were used to value the embedded derivative:


	December 31, 2023			March 2, 2023 (Pricing date)
WML stock price	HK$	6.43		HK$	8.08
Estimated volatility	34.0		%	26.0		%
Risk-free interest rate	3.3		%	4.2		%
Expected term (years)	5.2			6.0
Dividend yield	0.0		%	0.0		%

Stock-Based Compensation - Schedule of Nonvested Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Performance Share Units
Shares
Nonvested, beginning of period (in shares)	0			0
Granted (in shares)	84,130	67,320	108,224	24,910
Vested (in shares)				0
Forfeited (in shares)				0
Nonvested, end of period (in shares)				24,910	0
Weighted Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 0			$ 0
Granted (in dollars per share)	95.26	$ 98.61	$ 85.80	121.70
Vested (in dollars per share)				0
Forfeited (in dollars per share)				0
Nonvested, end of period (in dollars per share)				121.70	$ 0
Weighted average grant date fair value	$ 95.26	$ 98.61	$ 85.80	$ 121.70
WRL Omnibus Plan
Shares
Nonvested, beginning of period (in shares)	838,471			838,471
Granted (in shares)				727,522
Vested (in shares)				(565,079)
Forfeited (in shares)				(23,256)
Nonvested, end of period (in shares)				977,658	838,471
Weighted Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 93.18			$ 93.18
Granted (in dollars per share)				94.13	$ 62.34	$ 108.68
Vested (in dollars per share)				88.24
Forfeited (in dollars per share)				89.31
Nonvested, end of period (in dollars per share)				96.62	93.18
Weighted average grant date fair value				$ 94.13	$ 62.34	$ 108.68
Fair value of shares vested				$ 56,689	$ 52,965	$ 41,133
WML Share Award Plan
Shares
Nonvested, beginning of period (in shares)	20,318,446			20,318,446
Granted (in shares)				6,908,870
Vested (in shares)				(3,746,630)
Forfeited (in shares)				(1,148,880)
Nonvested, end of period (in shares)				22,331,806	20,318,446
Weighted Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 0.97			$ 0.97
Granted (in dollars per share)				1.08	$ 0.62	$ 1.56
Vested (in dollars per share)				1.44
Forfeited (in dollars per share)				1.07
Nonvested, end of period (in dollars per share)				0.92	0.97
Weighted average grant date fair value				$ 1.08	$ 0.62	$ 1.56
Fair value of shares vested				$ 3,941	$ 20,547	$ 4,771
WIL Omnibus Plan
Shares
Nonvested, beginning of period (in shares)	10,886			10,886
Granted (in shares)				0
Vested (in shares)				(1,854)
Forfeited (in shares)				(6,822)
Nonvested, end of period (in shares)				2,210	10,886
Weighted Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 37.20			$ 37.20
Granted (in dollars per share)				0
Vested (in dollars per share)				37.07
Forfeited (in dollars per share)				37.31
Nonvested, end of period (in dollars per share)				36.95	$ 37.20
Weighted average grant date fair value				$ 0

Property and Equipment, net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 8,459,085	$ 8,363,427
Land and improvements	1,228,652	1,195,717
Furniture, fixtures and equipment	3,311,478	3,165,659
Airplanes	110,623	110,623
Construction in progress	162,592	112,034
Property and equipment, gross	13,272,430	12,947,460
Less: accumulated depreciation	(6,583,951)	(6,051,400)
Property and equipment, net	$ 6,688,479	$ 6,896,060

Receivables, net (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of Receivables, net

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


	December 31,
	2023		2022
Casino	$	218,694	$	171,893
Hotel	54,596		35,654
Other	108,497		87,328
	381,787		294,875
Less: allowance for credit losses	(40,075)		(78,842)
	$	341,712	$	216,033

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


	December 31,
	2023		2022
Balance at beginning of year	$	78,842	$	111,319
Provision for credit losses	(3,964)		(7,295)
Write-offs	(47,611)		(30,100)
Recoveries of receivables previously written-off	12,897		4,987
Effect of exchange rate	(89)		(69)
Balance at end of period	$	40,075	$	78,842

Organization and Business (Details) $ in Thousands		12 Months Ended
Organization and Business (Details) $ in Thousands	Dec. 01, 2022 USD ($)	Dec. 31, 2023 USD ($) ft² room restaurant tower showroom facility	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Organization Consolidation And Presentation Of Financial Statements Disclosure
Proceeds from EBH Transaction \| $	$ 1,700,000	$ 0	$ 1,700,000	$ 0
Macau Operations \| Wynn Palace
Organization Consolidation And Presentation Of Financial Statements Disclosure
Number of rooms in hotel \| room		1,706
Number of restaurants \| restaurant		14
Macau Operations \| Wynn Palace \| Casino
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		468,000
Macau Operations \| Wynn Palace \| Meeting and Convention
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		37,000
Macau Operations \| Wynn Palace \| Retail
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		107,000
Macau Operations \| Wynn Macau
Organization Consolidation And Presentation Of Financial Statements Disclosure
Number of rooms in hotel \| room		1,010
Number of restaurants \| restaurant		14
Number of hotel towers \| tower		2
Macau Operations \| Wynn Macau \| Casino
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		294,000
Macau Operations \| Wynn Macau \| Meeting and Convention
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		31,000
Macau Operations \| Wynn Macau \| Retail
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		64,300
Las Vegas Operations \| Wynn Las Vegas
Organization Consolidation And Presentation Of Financial Statements Disclosure
Number of rooms in hotel \| room		4,748
Number of restaurants \| restaurant		34
Number of hotel towers \| tower		2
Number of theaters \| showroom		2
Number of nightclubs \| facility		2
Las Vegas Operations \| Wynn Las Vegas \| Casino
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		194,000
Las Vegas Operations \| Wynn Las Vegas \| Meeting and Convention
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		513,000
Las Vegas Operations \| Wynn Las Vegas \| Retail
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		177,000
Encore Boston Harbor
Organization Consolidation And Presentation Of Financial Statements Disclosure
Number of rooms in hotel \| room		671
Number of restaurants \| restaurant		14
Proceeds from EBH Transaction \| $	$ 1,700,000
Encore Boston Harbor \| Casino
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		210,000
Encore Boston Harbor \| Meeting and Convention
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		71,000
Encore Boston Harbor \| Retail
Organization Consolidation And Presentation Of Financial Statements Disclosure
Functional area square footage		8,186
Wynn Palace and Wynn Macau
Organization Consolidation And Presentation Of Financial Statements Disclosure
Percentage of ownership		72.00%
Wynn Las Vegas
Organization Consolidation And Presentation Of Financial Statements Disclosure
Percentage of ownership		100.00%
Retail Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure
Percentage of ownership		50.10%
Retail Joint Venture \| Las Vegas Operations \| Wynn Las Vegas
Organization Consolidation And Presentation Of Financial Statements Disclosure
Percentage of ownership		50.10%
Wynn Interactive Ltd.
Organization Consolidation And Presentation Of Financial Statements Disclosure
Percentage of ownership		97.00%
Island 3 AMI FZ-LLC
Organization Consolidation And Presentation Of Financial Statements Disclosure
Percentage of ownership		40.00%

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Total Wynn Resorts, Limited stockholders' deficit	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Accumulated deficit	Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2020			107,888,336
Beginning balance at Dec. 31, 2020	$ (737,317)	$ (351,997)	$ 1,235	$ (1,422,531)	$ 2,598,115	$ 3,604	$ (1,532,420)	$ (385,320)
Net income (loss)	(1,011,990)	(755,786)					(755,786)	(256,204)
Currency translation adjustment	3,477	2,400				2,400		1,077
Issuance of common stock (in shares)			7,475,000
Issuance of common stock	841,896	841,896	$ 75		841,821
Issuance of restricted stock (in shares)			518,191
Issuance of restricted stock	6,271	5,901	$ 4		5,897			370
Cancellation of restricted stock (in shares)			(26,221)
Shares repurchased by the Company and held as treasury shares (in shares)			(140,363)
Shares repurchased by the Company and held as treasury shares	(13,842)	(13,842)		(13,842)
Cash dividends declared	149	128					128	21
Wynn Interactive transactions	5,161	(20,211)			(20,211)			25,372
Distribution to noncontrolling interest	(18,761)							(18,761)
Stock-based compensation	88,741	77,093			77,093			11,648
Ending balance (in shares) at Dec. 31, 2021			115,714,943
Ending balance at Dec. 31, 2021	(836,215)	(214,418)	$ 1,314	(1,436,373)	3,502,715	6,004	(2,288,078)	(621,797)
Net income (loss)	(709,368)	(423,856)					(423,856)	(285,512)
Currency translation adjustment	(8,849)	(6,408)				(6,408)		(2,441)
Issuance of restricted stock (in shares)			797,419
Issuance of restricted stock	9,288	9,288	$ 9		9,279
Cancellation of restricted stock (in shares)			(115,521)
Cancellation of restricted stock	0	0	$ (1)		1
Shares repurchased by the Company and held as treasury shares (in shares)			(3,151,883)
Shares repurchased by the Company and held as treasury shares	(187,499)	(187,499)		(187,499)
Distribution to noncontrolling interest	(27,744)							(27,744)
Contribution from noncontrolling interest	50,033	48,559			48,559			1,474
Transactions with subsidiary minority shareholders (in shares)			124,481
Transactions with subsidiary minority shareholders	0	(14,052)	$ 1		(14,053)			14,052
Subsidiary equity issuance	2,896	(18,717)			(18,717)			21,613
Stock-based compensation	67,093	56,265			56,139		126	10,828
Ending balance (in shares) at Dec. 31, 2022			113,369,439
Ending balance at Dec. 31, 2022	(1,640,365)	(750,838)	$ 1,323	(1,623,872)	3,583,923	(404)	(2,711,808)	(889,527)
Net income (loss)	782,217	729,994					729,994	52,223
Currency translation adjustment	5,297	3,810				3,810		1,487
Exercise of stock options (in shares)			32,284
Exercise of stock options	1,965	1,965			1,965
Issuance of restricted stock (in shares)			727,522
Issuance of restricted stock	6,638	6,638	$ 7		6,631
Cancellation of restricted stock (in shares)			(23,256)
Shares repurchased by the Company and held as treasury shares (in shares)			(2,374,925)
Shares repurchased by the Company and held as treasury shares	(212,454)	(212,454)		(212,454)
Cash dividends declared	(85,139)	(85,139)					(85,139)
Distribution to noncontrolling interest	(22,578)	(2,994)			(2,994)			(19,584)
Transactions with subsidiary minority shareholders (in shares)			6,181
Transactions with subsidiary minority shareholders	0	(754)			(754)			754
Stock-based compensation	63,485	58,390			58,390			5,095
Ending balance (in shares) at Dec. 31, 2023			111,737,245
Ending balance at Dec. 31, 2023	$ (1,100,934)	$ (251,382)	$ 1,330	$ (1,836,326)	$ 3,647,161	$ 3,406	$ (2,066,953)	$ (849,552)

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Lease Assets and Liabilities

The following table summarizes the balance sheet classification of the Company's lease assets and liabilities (in thousands):


		December 31,
	Balance Sheet Classification	2023		2022
Assets
Operating leases	Operating lease assets	$	1,832,896	$	1,853,164
Finance leases	Property and equipment, net	$	43,078	$	52,848

Current liabilities
Operating leases	Other accrued liabilities	$	9,295	$	9,905
Finance leases	Other accrued liabilities	$	13,412	$	18,416

Non-current liabilities
Operating leases	Long-term operating lease liabilities	$	1,631,749	$	1,615,157
Finance leases	Other long-term liabilities	$	24,028	$	29,407

Schedule of Lease Cost and Other Information

The following tables disclose the components of the Company's lease cost, supplemental cash flow disclosures, and other information regarding the Company's lease arrangements (in thousands):


	Year Ended December 31,
	2023		2022		2021
Lease cost:
Operating lease cost	$	17,173	$	18,321	$	22,878
Triple-net operating lease cost related to Encore Boston Harbor	141,722		11,773		—
Short-term lease cost	27,468		21,060		16,224
Amortization of leasehold interests in land	13,666		13,728		13,862
Variable lease cost	1,868		1,081		911
Finance lease interest cost	2,363		2,131		2,216
Total lease cost	$	204,260	$	68,094	$	56,091


	Year Ended December 31,
	2023		2022		2021
Supplemental cash flow disclosures:
Operating lease liabilities arising from obtaining operating lease assets	$	26,657	$	1,519,628	$	3,761
Finance lease liabilities arising from obtaining finance lease assets	$	8,842	$	5,906	$	7,423
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities - Operating leases	$	139,054	$	26,094	$	21,404
Cash used in financing activities - Finance leases	$	19,267	$	18,188	$	15,658


	Year Ended December 31,
	2023		2022		2021
Other information:
Weighted-average remaining lease term - Operating leases	30.1 years		31.1 years		46.5 years
Weighted-average remaining lease term - Finance leases	19.7 years		16.0 years		14.0 years

Weighted-average discount rate - Operating leases	8.0	%	8.0	%	6.6	%
Weighted-average discount rate - Finance leases	5.8	%	5.0	%	4.7	%

Schedule of Operating Lease Maturity Analysis

The following table presents an analysis of lease liability maturities as of December 31, 2023 (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2024	$	142,219	$	15,064
2025	142,674		4,348
2026	142,954		4,016
2027	145,444		2,551
2028	146,561		989
Thereafter	3,836,365		61,796
Total undiscounted cash flows	$	4,556,217	$	88,764
Present value
Short-term lease liabilities	$	9,295	$	13,412
Long-term lease liabilities	1,631,749		24,028
Total lease liabilities	$	1,641,044	$	37,440
Interest on lease liabilities	$	2,915,173	$	51,324

Schedule of Finance Lease Maturity Analysis

The following table presents an analysis of lease liability maturities as of December 31, 2023 (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2024	$	142,219	$	15,064
2025	142,674		4,348
2026	142,954		4,016
2027	145,444		2,551
2028	146,561		989
Thereafter	3,836,365		61,796
Total undiscounted cash flows	$	4,556,217	$	88,764
Present value
Short-term lease liabilities	$	9,295	$	13,412
Long-term lease liabilities	1,631,749		24,028
Total lease liabilities	$	1,641,044	$	37,440
Interest on lease liabilities	$	2,915,173	$	51,324

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):


	Year Ended December 31,
	2023		2022		2021
Minimum rental income	$	131,901	$	126,226	$	104,860
Contingent rental income	96,831		62,586		97,521
Total rental income	$	228,732	$	188,812	$	202,381

Schedule of Future Minimum Rentals to be Received Under Operating Leases

The following table presents the future minimum rentals to be received under operating leases (in thousands):


Year Ending December 31,	Operating Leases
2024	$	135,414
2025	120,675
2026	87,482
2027	69,912
2028	42,834
Thereafter	65,961
Total future minimum rentals	$	522,278

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Wynn Al Marjan Island Agreements In 2022, the Company, its co-investors in Wynn Al Marjan Island, and Island 3 AMI FZ-LLC entered into agreements whereby the Company has agreed to perform certain design and development services with respect to Wynn Al Marjan Island as well as certain related preopening services, in exchange for the reimbursement of its costs incurred in performing such services. The Company has additionally agreed to perform management services of the Wynn Al Marjan Island integrated resort upon its opening, expected to be in 2027. During the year ended December 31, 2023, the Company was reimbursed $19.8 million by Island 3 AMI FZ-LLC, for reimbursable costs. No costs were reimbursed during the year ended December 31, 2022. As of December 31, 2023 and 2022, the Company was owed $8.7 million and $5.0 million, respectively, by Island 3 AMI FZ-LLC, for reimbursable costs recorded in "Prepaid expenses and other" in the accompanying consolidated balance sheets. Home Purchase In 2022, Linda Chen, President and Executive Director of Wynn Macau SA exercised an option to purchase a home provided by the Company for her use for no consideration, as provided by the terms of her employment agreement. Based on a third-party appraisal as of the date of option exercise, the estimated fair value of the home was $6.4 million. The home purchase closed during the third quarter of 2022. Cooperation Agreement On August 3, 2018, the Company entered into a Cooperation Agreement (the "Cooperation Agreement") with Elaine P. Wynn regarding the composition of the Company's Board of Directors and certain other matters, including, among other things, the appointment of Mr. Philip G. Satre to the Company's Board of Directors, standstill restrictions, releases, non-disparagement, reimbursement of expenses and the grant of certain complimentary privileges. The term of the Cooperation Agreement expires on the date that Mr. Satre no longer serves as Chair of the Board, unless earlier terminated pursuant to the circumstances described in the Cooperation Agreement. Amounts Due to Officers, Directors and Former Directors The Company periodically provides services to certain executive officers, directors or former directors of the Company, including the personal use of employees, construction work and other personal services, for which the officers, directors or former directors reimburse the Company. The Company requires prepayment for any such services, which amounts are replenished on an ongoing basis as needed. As of December 31, 2023 and 2022, these net deposit balances with the Company were immaterial, as were the services provided.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Consolidated Statements of Stockholders' Equity (Deficit) (Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Statement of Stockholders' Equity [Abstract]
Underwriter discounts, commissions, and other expenses	$ 17.7

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 40,075	$ 78,842
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	40,000,000	40,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	132,998,916	132,256,185
Common stock, shares outstanding (in shares)	111,737,245	113,369,439
Treasury stock, at cost (in shares)	21,261,671	18,886,746

Stock-Based Compensation - Schedule of Valuation Assumptions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award
Expected volatility	55.00%
Risk-free interest rate	3.80%
WRL Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award
Expected dividend yield	0.00%	0.00%	0.00%
Expected volatility	0.00%	56.90%	0.00%
Risk-free interest rate	0.00%	2.70%	0.00%
Expected term (years)	0 years	1 year 9 months 18 days	0 years
WML Share Option Plan
Share-based Compensation Arrangement by Share-based Payment Award
Expected dividend yield	5.70%	1.30%	2.90%
Expected volatility	53.80%	45.70%	46.40%
Risk-free interest rate	3.60%	3.20%	1.10%
Expected term (years)	6 years 6 months	6 years 6 months	6 years 6 months
WIL Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award
Expected dividend yield	0.00%	0.00%	0.00%
Expected volatility	0.00%	47.50%	50.00%
Risk-free interest rate	0.00%	2.93%	0.60%
Expected term (years)	0 years	5 years 1 month 6 days	6 years 3 months 18 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
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-Paragraph 2
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Paragraph 2
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
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-Section 50
-Paragraph 2
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Retail Joint Venture	12 Months Ended
Retail Joint Venture	Dec. 31, 2023
Variable Interest Entities [Abstract]
Retail Joint Venture	Retail Joint Venture In December 2016, the Company entered into the Retail Joint Venture with Crown Acquisitions Inc. ("Crown") to own and operate approximately 88,000 square feet of existing retail space at Wynn Las Vegas. In November 2017 and March 2022, the Company contributed approximately 74,000 square feet and 70,000 square feet of additional retail space to the Retail Joint Venture. The Company maintains a 50.1% ownership in the Retail Joint Venture and is the managing member. The Company's responsibilities with respect to the Retail Joint Venture include day-to-day business operations, property management services and a role in the leasing decisions of the retail space. The Company assessed its ownership in the Retail Joint Venture based on consolidation accounting guidance with an evaluation being performed to determine if the Retail Joint Venture is a VIE, if the Company has a variable interest in the Retail Joint Venture and if the Company is the primary beneficiary of the Retail Joint Venture. The primary beneficiary is the party who has the power to direct the activities of a VIE that most significantly impact the entity's economic performance and who has an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. The Company concluded that the Retail Joint Venture is a VIE and the Company is the primary beneficiary based on its involvement in the leasing activities of the Retail Joint Venture. As a result, the Company consolidates all of the Retail Joint Venture's assets, liabilities and results of operations. The Company will evaluate its primary beneficiary designation on an ongoing basis and will assess the appropriateness of the Retail Joint Venture's VIE status when changes occur. As of December 31, 2023 and 2022, the Retail Joint Venture had total assets of $102.5 million and $102.9 million, respectively, and total liabilities of $621.9 million and $620.9 million, respectively. The Retail Joint Venture's total liabilities as of December 31, 2023 and 2022 included long-term debt of $614.1 million and $613.5 million, respectively, net of debt issuance costs, related to the outstanding borrowings under the Retail Term Loan.

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 782,217	$ (709,368)	$ (1,011,990)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	687,270	692,318	715,962
Deferred income taxes	(502,784)	3,241	(2,706)
Stock-based compensation expense	64,515	67,627	95,238
Amortization of debt issuance costs	39,532	29,427	27,047
Loss on debt financing transactions	12,683	0	2,060
Provision for credit losses	(3,964)	(7,295)	29,487
Change in derivatives fair value	(45,098)	(15,956)	(11,360)
Gain on EBH Transaction, net	0	(181,989)	0
Impairment of goodwill and intangible assets	94,490	48,036	10,254
Property charges and other	117,176	59,305	64,434
Increase (decrease) in cash from changes in:
Receivables, net	(123,747)	(9,335)	(29,441)
Inventories, prepaid expenses and other	(6,025)	(19,737)	(21,499)
Customer deposits	37,951	69,692	(207,878)
Accounts payable and accrued expenses	93,663	(97,238)	117,801
Net cash provided by (used in) operating activities	1,247,879	(71,272)	(222,591)
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(442,793)	(300,127)	(290,657)
Purchase of investments	(836,519)	0	0
Purchase of intangible and other assets	(64,383)	(52,377)	(56,034)
Proceeds from EBH Transaction	0	1,700,000	0
Proceeds from sale of assets and other	1,162	1,471	4,268
Net cash (used in) provided by investing activities	(1,342,533)	1,348,967	(342,423)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	1,200,000	211,435	1,340,281
Repayments of long-term debt	(1,533,124)	(50,000)	(2,488,401)
Proceeds from issuance of Wynn Resorts, Limited common stock	0	0	841,896
Proceeds from exercise of stock options	1,965	0	0
Repurchase of common stock	(212,455)	(187,499)	(13,842)
Proceeds from issuance of subsidiary common stock	0	2,895	4,662
Proceeds from sale of noncontrolling interest in subsidiary	0	50,033	0
Payments to acquire ownership interest in subsidiary	0	0	(5,433)
Distribution to noncontrolling interest	(22,579)	(27,744)	(18,761)
Dividends paid	(84,733)	(1,445)	(1,553)
Finance lease payments	(19,267)	(18,188)	(15,658)
Payments for financing costs	(41,240)	(3,165)	(31,193)
Other	(7,773)	0	0
Net cash used in financing activities	(719,206)	(23,678)	(388,002)
Effect of exchange rate on cash, cash equivalents and restricted cash	282	(2,094)	(2,301)
Cash, cash equivalents and restricted cash:
(Decrease) increase in cash, cash equivalents and restricted cash	(813,578)	1,251,923	(955,317)
Balance, beginning of period	3,782,990	2,531,067	3,486,384
Balance, end of period	$ 2,969,412	$ 3,782,990	$ 2,531,067

Long-Term Debt - WML Convertible Bonds (Details)	Mar. 07, 2023 USD ($) $ / shares	Dec. 31, 2023 USD ($)	Mar. 07, 2023 $ / shares	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Derivative liability		$ 73,744,000		$ 0
WML Convertible Bonds \| Convertible Debt \| WML
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount	$ 600,000,000
Debt instrument, interest rate	4.50%
Proceeds from convertible debt	$ 585,900,000
Share price (in dollars per share) \| $ / shares			$ 0.001
Conversion price (in dollars per share) \| (per share)	$ 1.31		$ 10.24
Conversion ratio	7.8497
Unamortized discount	$ 123,500,000
Derivative liability		$ 73,700,000

Goodwill and Intangible Assets, net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, net

Goodwill and intangible assets, net consisted of the following (in thousands):


	December 31,
	2023		2022
Finite-lived intangible assets:
Macau gaming concession	$	209,199	$	48,304
Less: accumulated amortization	(20,920)		(48,304)
	188,279		—

Massachusetts gaming license	117,700		117,700
Less: accumulated amortization	(35,484)		(27,638)
	82,216		90,062

Other finite-lived intangible assets	50,154		65,194
Less: accumulated amortization	(17,801)		(8,920)
	32,353		56,274

Total finite-lived intangible assets	302,848		146,336

Indefinite-lived intangible assets:
Water rights and other	8,397		8,397
Total indefinite-lived intangible assets	8,397		8,397

Goodwill:
Balance at beginning of year	90,520		129,738
Foreign currency translation	—		(1,457)
Impairment	(72,057)		(37,761)
Balance end of period	18,463		90,520

Total goodwill and intangible assets, net	$	329,708	$	245,253

Massachusetts Finite-Lived Intangible Assets

The Massachusetts gaming license is a finite-lived intangible asset that is being amortized over the 15 year life of the license. The Company expects that amortization of the Massachusetts gaming license will be $7.8 million each year from 2024 through 2033, and $3.7 million in 2034.

Wynn Interactive Goodwill and Finite-Lived Intangible Assets

Other finite-lived intangible assets primarily consist of market access fees and gaming license fees. Market access fees relate to fees paid to gaming operators and other strategic partners that are approved or pending regulatory approval by a state's

regulator to operate online casino wagering and online sports betting in certain jurisdictions. The Company amortizes market access fees over their stated contractual term, which is typically ten years. The Company expects that amortization of Other intangible assets will be $6.0 million in 2024, $3.7 million in 2025, $3.0 million each year in 2026, 2027 and 2028, and $9.3 million thereafter.

During the year ended December 31, 2023, as a result of the Company's decision to cease operating Wynn Interactive's online sports betting and iGaming platform in certain jurisdictions announced in August 2023, the Company identified interim indicators of impairment related to the goodwill assigned to the WynnBET reporting unit within the Wynn Interactive reportable segment. As a result, the Company performed an impairment test and determined that the carrying value of its goodwill exceeded the estimated fair value of that reporting unit based on a combination of the income and cost approaches, causing the Company to recognize a goodwill impairment loss of $72.1 million. As of December 31, 2023, the Company had no remaining goodwill recorded related to the acquisition of BetBull Limited ("BetBull"), a subsidiary of Wynn Interactive. The Company also recognized impairment of other finite-lived intangible assets related to Wynn Interactive's closed operations totaling $22.4 million during the year ended December 31, 2023.

During the year ended December 31, 2022, as a result of changes in forecasts and other industry-specific factors and management's decision to cease the operations of Betbull Limited ("BetBull"), a subsidiary of Wynn Interactive, the Company recognized impairment of goodwill and other finite-lived intangible assets of $37.8 million and $10.3 million, respectively. In November 2021, Wynn Resorts announced the termination of a previously announced agreement and plan of merger which contemplated the combination of Wynn Interactive and a special purpose acquisition company. The Company concluded that the termination of the agreement constituted a potential indicator of impairment, and as a result of revisiting its estimated fair value of the reporting units comprising Wynn Interactive based on a combination of the income and market approaches, recognized goodwill impairment of $10.3 million during the year ended December 31, 2021.

Macau Gaming Concession

In December 2022, Wynn Resorts (Macau) S.A. ("Wynn Macau SA"), an indirect subsidiary of Wynn Resorts, Limited, entered into a definitive gaming concession contract (the "Gaming Concession Contract") with the Macau government, pursuant to which Wynn Macau SA was granted a 10-year gaming concession commencing on January 1, 2023 and expiring on December 31, 2032, to operate games of chance at Wynn Palace and Wynn Macau. Under the terms of the Gaming Concession Contract, Wynn Macau SA is required to pay the Macau government an annual gaming premium consisting of a fixed and a variable portion. The fixed portion of the premium is composed of an annual amount equal to MOP30.0 million (approximately $3.7 million). The variable portion is composed of an annual amount equal to MOP300,000 (approximately $37 thousand) per gaming table located in special gaming halls reserved exclusively to particular games or players, MOP150,000 (approximately $19 thousand) per gaming table that is not reserved exclusively to particular games or players, and MOP1,000 (approximately $124) per gaming machine, including slot machines, operated by Wynn Macau SA. The amount of the variable portion of the premium cannot be less than the amount that would result from the permanent operation of 500 gaming tables and 1,000 gaming machines, i.e. MOP76.0 million (approximately $9.4 million).

In December 2022, in accordance with the requirements of the Macau Gaming Law, Wynn Macau SA and Palo entered into the Property Transfer Agreements (as defined in Note 5, "Property and Equipment, net"). Under the Property Transfer Agreements, Wynn Macau SA has agreed to make annual payments to the Macau government of MOP53.1 million (approximately $6.6 million) during each of the years ending December 31, 2024 and 2025, and an annual payment of MOP177.0 million (approximately $22.0 million) during each of the remaining years of the term of the Gaming Concession Contract through December 31, 2032, subject to adjustment in each year based on the average price index in Macau.

On January 1, 2023, the Company recognized an intangible asset and financial liability of MOP1.68 billion (approximately $208.3 million), representing the right to operate games of chance at Wynn Palace and Wynn Macau and the unconditional obligation to make payments under the Gaming Concession Contract. This intangible asset comprises the contractually obligated annual payments of fixed and variable premiums, as well as fees associated with the above-described Property Transfer Agreements. The contractually obligated annual variable premium payments associated with the intangible asset was determined using the total number of gaming tables and gaming machines that Wynn Macau SA is currently approved to operate by the Macau government. In the accompanying consolidated balance sheets, the noncurrent portion of the financial liability is included in "Other long-term liabilities" and the current portion is included in "Other accrued liabilities." The intangible asset is being amortized on a straight-line basis over the 10-year term of the Gaming Concession Contract. The Company expects that amortization of the Macau Gaming Concession will be $20.9 million each year from 2024 to 2032.

Leases - Narrative (Details) $ in Thousands	12 Months Ended
Leases - Narrative (Details) $ in Thousands	Dec. 31, 2023 USD ($) a renewal	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
2024	$ 142,219
2025	142,674
2026	142,954
2027	145,444
2028	146,561
Thereafter	3,836,365
Liability associated with lease	1,641,044
Operating lease assets	1,832,896	$ 1,853,164
Amortization of leasehold interests in land	13,666	13,728	$ 13,862
Undeveloped Land - Las Vegas \| Land
Lessee, Lease, Description [Line Items]
Thereafter	347,800
Liability associated with lease	$ 64,800	64,300
Number of acres of undeveloped land leased \| a	16
2024 to 2027	$ 4,000
Operating lease assets	82,500	83,600
Undeveloped Land - Las Vegas \| Land \| Amortization each year 2023 through 2096
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	1,100
Undeveloped Land - Las Vegas \| Land \| Amortization in 2097
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	$ 700
Macau \| Land
Lessee, Lease, Description [Line Items]
Terms of lease contracts	25 years
Renewal terms of lease contracts	10 years
2024	$ 1,500
2025	1,500
2026	1,500
2027	1,500
2028	1,500
Thereafter	8,400
Liability associated with lease	10,400	13,600
Operating lease assets	141,200	$ 154,100
Macau \| Land \| Amortization each year 2023 through 2028
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	12,500
Macau \| Land \| Amortization thereafter through 2037
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	$ 9,300
Encore Boston Harbor
Lessee, Lease, Description [Line Items]
Terms of lease contracts	30 years
Number of renewals \| renewal	1
Renewal terms of lease contracts	30 years
Operating lease, expense	$ 100,000
2024	124,100
2025	126,400
2026	128,800
2027	131,300
2028	133,700
Thereafter	3,430,000
Liability associated with lease	$ 1,510,000
Encore Boston Harbor \| First Ten Years
Lessee, Lease, Description [Line Items]
Fixed annual increase	1.75%
Encore Boston Harbor \| Minimum \| Remainder of Lease Term
Lessee, Lease, Description [Line Items]
Fixed annual increase	1.75%
Encore Boston Harbor \| Maximum \| Remainder of Lease Term
Lessee, Lease, Description [Line Items]
Fixed annual increase	2.50%

Segment Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Information

The Company has identified its reportable segments based on factors such as geography, regulatory environment, the information reviewed by its chief operating decision maker, and the Company's organizational and management reporting structure.

The Company has identified the following reportable segments: (i) Wynn Macau, representing the aggregate of Wynn Macau and Encore, an expansion at Wynn Macau, which are managed as a single integrated resort; (ii) Wynn Palace; (iii) Las Vegas Operations, representing the aggregate of Wynn Las Vegas, Encore, an expansion at Wynn Las Vegas, and the Retail Joint Venture, which are managed as a single integrated resort; (iv) Encore Boston Harbor; and (v) Wynn Interactive. For geographical reporting purposes, Wynn Macau, Wynn Palace, and Other Macau (which represents the assets of the Company's Macau holding company and other ancillary entities) have been aggregated into Macau Operations.

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


	Year Ended December 31,
	2023		2022		2021
Operating revenues
Macau Operations:
Wynn Palace
Casino	$	1,471,280	$	255,886	$	677,917
Rooms	201,783		40,079		69,022
Food and beverage	104,566		35,546		47,985
Entertainment, retail and other(1)	109,215		78,778		88,083
	1,886,844		410,289		883,007
Wynn Macau
Casino	970,269		216,639		476,999
Rooms	109,308		25,691		50,492
Food and beverage	68,017		25,334		32,420
Entertainment, retail and other(1)	65,940		43,585		66,104
	1,213,534		311,249		626,015
Total Macau Operations	3,100,378		721,538		1,509,022

Las Vegas Operations:
Casino	628,185		535,279		426,440
Rooms	784,385		651,291		425,777
Food and beverage	770,401		702,515		489,587
Entertainment, retail and other(1)	297,635		243,051		161,877
Total Las Vegas Operations	2,480,606		2,132,136		1,503,681

Encore Boston Harbor:
Casino	648,668		624,738		552,064
Rooms	90,195		85,078		47,280
Food and beverage	85,653		82,818		63,919
Entertainment, retail and other(1)	41,270		38,439		28,260
Total Encore Boston Harbor	865,786		831,073		691,523

Wynn Interactive:
Entertainment, retail and other	85,127		72,078		59,438
Total Wynn Interactive	85,127		72,078		59,438

Total operating revenues	$	6,531,897	$	3,756,825	$	3,763,664

(1)Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 16, "Leases".


	Year Ended December 31,
	2023		2022		2021
Adjusted Property EBITDAR(1)
Macau Operations:
Wynn Palace	$	615,846	$	(96,557)	$	91,646
Wynn Macau	338,091		(124,047)		4,209
Total Macau Operations	953,937		(220,604)		95,855
Las Vegas Operations	946,243		801,095		530,878
Encore Boston Harbor	257,409		243,386		210,068
Wynn Interactive	(42,646)		(98,490)		(267,360)
Total	2,114,943		725,387		569,441
Other operating expenses
Pre-opening	9,468		20,643		6,821
Depreciation and amortization	687,270		692,318		715,962
Gain on EBH Transaction, net	—		(181,989)		—
Impairment of goodwill and intangible assets	94,490		48,036		10,254
Property charges and other(2)	130,877		65,116		40,508
Corporate expenses and other	146,430		102,539		95,199
Stock-based compensation	64,515		67,627		95,238
Triple-net operating lease rent expense	141,722		11,773		—
Total other operating expenses	1,274,772		826,063		963,982
Operating income (loss)	840,171		(100,676)		(394,541)
Other non-operating income and expenses
Interest income	175,785		29,758		3,213
Interest expense, net of amounts capitalized	(751,509)		(650,885)		(605,562)
Change in derivatives fair value	45,098		15,956		11,360
Loss on debt financing transactions	(12,683)		—		(2,060)
Other	(11,479)		5,811		(23,926)
Total other non-operating income and expenses	(554,788)		(599,360)		(616,975)
Income (loss) before income taxes	285,383		(700,036)		(1,011,516)
Benefit (provision) for income taxes	496,834		(9,332)		(474)
Net income (loss)	782,217		(709,368)		(1,011,990)
Net (income) loss attributable to noncontrolling interests	(52,223)		285,512		256,204
Net income (loss) attributable to Wynn Resorts, Limited	$	729,994	$	(423,856)	$	(755,786)


	Year Ended December 31,
	2023		2022		2021
Capital expenditures
Macau Operations:
Wynn Palace	$	66,262	$	31,946	$	37,169
Wynn Macau	25,602		13,003		25,249
Total Macau Operations	91,864		44,949		62,418
Las Vegas Operations	187,150		226,386		168,788
Encore Boston Harbor	70,578		20,187		38,730
Wynn Interactive	4,620		4,925		13,624
Corporate and other	88,581		3,680		7,097
Total	$	442,793	$	300,127	$	290,657


	December 31,
	2023		2022		2021
Assets
Macau Operations:
Wynn Palace	$	2,936,264	$	2,884,073	$	3,122,424
Wynn Macau	1,864,211		1,430,051		1,032,521
Other Macau	886,175		268,017		1,173,913
Total Macau Operations	5,686,650		4,582,141		5,328,858
Las Vegas Operations	3,173,247		3,168,597		3,063,897
Encore Boston Harbor	2,006,565		2,080,424		2,193,117
Wynn Interactive	81,231		213,837		287,805
Corporate and other	3,048,530		3,370,101		1,657,149
Total	$	13,996,223	$	13,415,100	$	12,530,826


	December 31,
	2023		2022		2021
Long-lived assets
Macau	$	3,191,134	$	3,382,284	$	3,678,236
United States	5,585,943		5,570,249		5,604,531
Total	$	8,777,077	$	8,952,533	$	9,282,767

- 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Benefit Plans - Defined Contribution Plan (Details) - United States - USD ($) $ in Millions		12 Months Ended
	Jul. 01, 2019	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Contribution Plan Disclosure
Company's matching contribution percentage		50.00%
Matching contribution expenses		$ 10.2	$ 8.7	$ 8.0
Maximum
Defined Contribution Plan Disclosure
Employer matching contributions, percentage of eligible compensation		6.00%
Wynn Macau
Defined Contribution Plan Disclosure
Matching contribution expenses		$ 16.3	$ 17.0	$ 17.2
Wynn Macau \| Wynn Macau Plan
Defined Contribution Plan Disclosure
Employee contribution percentage		5.00%
Wynn Macau \| CPF System
Defined Contribution Plan Disclosure
Employer matching contributions, percentage of eligible compensation	5.00%
Minimum employee contribution percentage	5.00%
Annual vesting percentage	10.00%
Vesting period	10 years

Cash, Cash Equivalents and Restricted Cash (Tables)

12 Months Ended

Dec. 31, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

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


	December 31,
	2023		2022
Cash and cash equivalents:
Cash(1)	$	1,076,474	$	1,699,583
Cash equivalents(2)	1,802,712		1,950,857
Total cash and cash equivalents	2,879,186		3,650,440
Restricted cash(3)	90,226		132,550
Total cash, cash equivalents and restricted cash	$	2,969,412	$	3,782,990

(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, and as of December 31, 2023 and 2022 includes $87.0 million and $124.5 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support Wynn Macau SA's legal and contractual obligations through the term of the Gaming Concession Contract (as defined in Note 6, "Goodwill and Intangible Assets, net").

Schedule of Restricted Cash and Cash Equivalents

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


	December 31,
	2023		2022
Cash and cash equivalents:
Cash(1)	$	1,076,474	$	1,699,583
Cash equivalents(2)	1,802,712		1,950,857
Total cash and cash equivalents	2,879,186		3,650,440
Restricted cash(3)	90,226		132,550
Total cash, cash equivalents and restricted cash	$	2,969,412	$	3,782,990

(1)Cash consists of cash on hand and bank deposits.

(2)Cash equivalents consist of bank time deposits and money market funds.

Schedule of Cash Flow, Supplemental Disclosures

The following table disclose the supplemental cash flow disclosures of the Company (in thousands):


	Year Ended December 31,
	2023		2022		2021
Cash paid for interest, net of amounts capitalized	$	688,350	$	618,395	$	581,650
Capitalized stock-based compensation	$	5,268	$	3,246	$	5,058
Cash paid for income taxes	$	10,310	$	5,290	$	1,749
Finance lease liabilities arising from obtaining finance lease assets	$	8,842	$	5,906	$	7,423
Liability settled with shares of common stock	$	6,639	$	9,287	$	6,272
Accounts and construction payables related to property and equipment	$	60,313	$	64,861	$	52,647
Other liabilities related to intangible assets(1)	$	209,410	$	4,220	$	5,417
Dividends payable on unvested restricted stock included in other accrued liabilities	$	685	$	229	$	1,846

(1) For the year ended December 31, 2023, included $206.5 million related to the Macau gaming premium in connection with the Gaming Concession Contract. See Note 6, "Goodwill and Intangible Assets, net" for further information.

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended			12 Months Ended
	May 25, 2023	Jun. 25, 2020	May 16, 2014	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 23, 2020
Share-based Compensation Arrangement by Share-based Payment Award
Stock based compensation costs							$ 69,783	$ 70,873	$ 100,296
Tax benefit from compensation expense							10,000	9,300	14,900
Tax benefits (loss) realized from option exercises							$ 7,500	8,900	8,000
Tranche One
Share-based Compensation Arrangement by Share-based Payment Award
Performance period							1 year
Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award
Performance period							2 years
Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award
Performance period							3 years
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period							3 years
Risk-free interest rate							3.80%
Expected volatility							55.00%
Stock based compensation costs							$ 8,000	$ 6,600	$ 9,300
Vested shares issued (in shares)				84,130	67,320	108,224	24,910
Weighted-average grant date fair value (in dollars per share)				$ 95.26	$ 98.61	$ 85.80	$ 121.70
Performance Share Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares subject to service and market conditions (in shares)							0
Performance Share Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares subject to service and market conditions (in shares)							1.6
WRL Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award
Term of plan			10 years
Shares authorized for issuance		5,909,390	4,409,390
Increase in shares authorized for issuance (in shares)		1,500,000
Aggregate amount of common stock available for grant							1,585,472
Unvested awards compensation not yet recognized							$ 55,800
Unvested awards compensation costs period of recognition							2 years 2 months 26 days
Risk-free interest rate							0.00%	2.70%	0.00%
Expected volatility							0.00%	56.90%	0.00%
Vested shares issued (in shares)							727,522
Weighted-average grant date fair value (in dollars per share)							$ 94.13	$ 62.34	$ 108.68
WML Share Option Plan
Share-based Compensation Arrangement by Share-based Payment Award
Term of plan	10 years
Shares authorized for issuance	523,843,160
Aggregate amount of common stock available for grant							521,567,160
Risk-free interest rate							3.60%	3.20%	1.10%
Expected volatility							53.80%	45.70%	46.40%
WML Share Award Plan
Share-based Compensation Arrangement by Share-based Payment Award
Term of plan	10 years
Unvested awards compensation not yet recognized							$ 12,500
Unvested awards compensation costs period of recognition							2 years 6 months 3 days
Vested shares issued (in shares)							6,908,870
Weighted-average grant date fair value (in dollars per share)							$ 1.08	$ 0.62	$ 1.56
WIL Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award
Shares authorized for issuance										101,419
Aggregate amount of common stock available for grant							30,984
Risk-free interest rate							0.00%	2.93%	0.60%
Expected volatility							0.00%	47.50%	50.00%

Segment Information - Schedule of Capital Expenditures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Capital expenditures	$ 442,793	$ 300,127	$ 290,657
Corporate and Other
Segment Reporting Information
Capital expenditures	88,581	3,680	7,097
Operating Segments \| Macau Operations
Segment Reporting Information
Capital expenditures	91,864	44,949	62,418
Operating Segments \| Las Vegas Operations
Segment Reporting Information
Capital expenditures	187,150	226,386	168,788
Operating Segments \| Encore Boston Harbor
Segment Reporting Information
Capital expenditures	70,578	20,187	38,730
Operating Segments \| Wynn Interactive
Segment Reporting Information
Capital expenditures	4,620	4,925	13,624
Wynn Palace \| Operating Segments \| Macau Operations
Segment Reporting Information
Capital expenditures	66,262	31,946	37,169
Wynn Macau \| Operating Segments \| Macau Operations
Segment Reporting Information
Capital expenditures	$ 25,602	$ 13,003	$ 25,249

Stockholders' Deficit	12 Months Ended
Stockholders' Deficit	Dec. 31, 2023
Equity [Abstract]
Stockholders' Deficit	Stockholders' Deficit Equity Repurchase Program In April 2016, the Company's board of directors authorized an equity repurchase program of up to $1.00 billion, which may include repurchases by the Company of its common stock from time to time through open market purchases, privately negotiated transactions, and under plans complying with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended. During the year ended December 31, 2023, the Company repurchased 2,206,573 shares of its common stock at an average price of $88.61 per share for an aggregate cost of $195.5 million under the equity repurchase program. During the year ended December 31, 2022, repurchased 2,956,331 shares of its common stock at an average price of $57.95 per share for an aggregate cost of $171.3 million under the equity repurchase program. As of December 31, 2023, the Company had $433.4 million in repurchase authority remaining under the program. Dividends The Company paid a cash dividend of $0.25 per share in each of the quarters ended June 30, 2023, September 30, 2023 and December 31, 2023 and recorded $28.5 million, $28.2 million and $28.4 million respectively, against accumulated deficit. No dividends were paid during the years ended December 31, 2022 and 2021. On February 7, 2024, the Company declared a cash dividend of $0.25 per share, payable on February 29, 2024 to stockholders of record as of February 20, 2024. Noncontrolling Interests Wynn Macau, Limited In October 2009, WML, the developer, owner and operator of Wynn Macau and Wynn Palace, listed its ordinary shares of common stock on The Stock Exchange of Hong Kong Limited through an initial public offering. The Company currently owns approximately 72% of this subsidiary's common stock. The shares of WML were not and will not be registered under the Securities Act and may not be offered or sold in the United States absent a registration under the Securities Act, or an applicable exception from such registration requirements. WML Securities Lending Agreement In connection with the WML Convertible Bonds Offering, WM Cayman Holdings I Limited ("WM Cayman I"), a wholly owned subsidiary of the Company and holder of our approximate 72% ownership interest in WML, entered into a stock borrowing and lending agreement with Goldman Sachs International (the "WML Stock Borrower") on March 2, 2023 (as amended on March 30, 2023, the "Securities Lending Agreement"), pursuant to which WM Cayman I has agreed to lend to the WML Stock Borrower up to 459,774,985 of its ordinary share holdings in WML, upon and subject to the terms and conditions in the Securities Lending Agreement. WM Cayman I may, at its sole discretion, terminate any stock loan by giving the WML Stock Borrower no less than five business days' notice. The Securities Lending Agreement terminates on the date on which the WML Convertible Bonds have been redeemed, or converted in full, whichever is the earlier. On March 6, 2023, the WML Stock Borrower borrowed 459,774,985 ordinary shares of WML under the Securities Lending Agreement and on April 3, 2023 returned 280,000,000 of such shares to WM Cayman I. As of the date of this report, the WML Stock Borrower held 179,774,985 WML shares under the Securities Lending Agreement. Retail Joint Venture During the years ended December 31, 2023, 2022 and 2021, the Retail Joint Venture made aggregate distributions of $22.6 million, $27.7 million and $18.8 million, respectively, to its non-controlling interest holder. For more information on the Retail Joint Venture, see Note 19, "Retail Joint Venture." During the year ended December 31, 2022, in exchange for cash consideration of $50.0 million, the Company sold to Crown Acquisitions Inc. a 49.9% interest in certain additional retail space contributed by the Company to the Retail Joint Venture. In connection with this transaction, the Company recorded $48.6 million of additional paid-in capital and $1.5 million of noncontrolling interest, within Contribution from noncontrolling interest in the accompanying Consolidated Statement of Stockholders' Deficit for the year ended December 31, 2022.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

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-Topic 505
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-Topic 505
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+ Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Macau Gaming Concession

Wynn Macau SA committed to make certain non-gaming and gaming investments in the amount of MOP17.73 billion (approximately $2.20 billion) over the course of the ten-year term of the Gaming Concession Contract. MOP16.50 billion (approximately $2.05 billion) of the committed investment will be used for non-gaming capital projects and event programming in connection with, among others, attraction of foreign tourists, conventions and exhibitions, entertainment performances, sports events, culture and art, health and wellness, themed amusement, gastronomy, community tourism and maritime tourism. Wynn Macau SA agreed, as part of its commitment for its Gaming Concession Contract, to increase its investment in non-gaming projects (original commitment of MOP16.50 billion (approximately $2.05 billion) by 20% once market-wide gross gaming revenues reached MOP180.00 billion (approximately $22.36 billion) in any one year (the "Trigger Event"). As market wide gross gaming revenue exceeded MOP180.00 billion (approximately $22.36 billion) in 2023, the Trigger Event occurred at the end of 2023 and each gaming concessionaire is now required to increase its original committed investment amount in non-gaming projects by 20%. Wynn Macau SA will comply with its further investment commitment by investing MOP3.30 billion (approximately $409.9 million) over the course of the remaining 9 years of the Gaming Concession Contract in non-gaming capital projects. The scope, nature and timing of the additional investment in non-gaming capital projects will be mutually agreed between Wynn Macau SA and the Macau SAR Government in due course and according to the terms of the Gaming Concession Contract.

Additionally, Wynn Macau SA committed to make the following payments throughout the term of the Gaming Concession Contract:

(i) Special gaming premium - The Company is obligated to pay a special annual gaming premium if the average of the gross gaming revenues of the Company's gaming tables and gaming machines is lower than a certain minimum amount determined by the Macau government. A minimum average annual gross gaming revenue of MOP7.0 million (approximately $0.9 million) per gaming table and MOP300,000 (approximately $37 thousand) per gaming machine has been set by Macau government. If Wynn Macau SA fails to reach such minimum gross gaming revenue, Wynn Macau SA will be required to pay a special premium equal to the difference between the special gaming tax calculated based on the actual gross gaming revenue and that of such minimum gross gaming revenue.

(ii) Special levies, totaling 5% of gross gaming revenues. The Macau government may reduce the special levies payable by Wynn Macau SA (1) based on Wynn Macau SA’s contribution to the attraction of tourists who enter Macau for tourism and

business purposes and hold travel documents issued by countries or regions other than the People’s Republic of China; (2) if Wynn Macau SA’s operations are adversely affected by abnormal, unpredictable or force majeure circumstances associated with the prevailing economic conditions of Macau; or (3) factors as determined by the Chief Executive of Macau; and

(iii) Special gaming tax assessed at the rate of 35% of gross gaming revenues.

Wynn Al Marjan Island Funding Commitment

Pursuant to the shareholders' agreement governing Island 3 AMI FZ-LLC, the unconsolidated entity in which the Company has a 40% ownership interest and which owns the Wynn Al Marjan Island integrated resort development project in Ras Al Khaimah, United Arab Emirates, the Company, and the entity's other shareholders, have committed to fund the development of the project through capital contributions in an amount up to its pro rata share of at least 20% of the project budget. The amount and timing of such contributions are subject to approval by the entity's shareholders.

Employment Agreements

The Company has entered into employment agreements with several executive officers, other members of management and certain key employees. These agreements generally have three- to five-year terms and typically indicate a base salary and often contain provisions for discretionary bonuses. Certain of the executives are also entitled to a separation payment if terminated without "cause" or upon voluntary termination of employment for "good reason" following a "change of control" (as these terms are defined in the employment contracts). As of December 31, 2023, the Company was obligated to make future payments of $97.0 million, $66.1 million, $25.1 million, $6.8 million, $2.1 million, and $2.7 million during the years ending December 31, 2024, 2025, 2026, 2027, 2028, and thereafter, respectively.

Other Commitments

The Company has additional commitments for open purchase orders, construction contracts, payment obligations to communities surrounding Encore Boston Harbor, and performance and other miscellaneous contracts. As of December 31, 2023, the Company was obligated under these arrangements to make future minimum payments as follows (in thousands):


Year Ending December 31,
2024	$	320,474
2025	104,317
2026	43,598
2027	32,326
2028	28,152
Thereafter	110,341
Total minimum payments	$	639,208

Letters of Credit

As of December 31, 2023, the Company had outstanding letters of credit of $13.5 million.

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.

Macau Litigation Related to Dore

Wynn Macau SA has been named as a defendant in lawsuits filed in the Macau Court of First Instance by individuals who claim to be investors in, or persons with credit in accounts maintained by, Dore Entertainment Company Limited ("Dore"), an independent, Macau registered and licensed company that operated a gaming promoter business at Wynn Macau. In connection

with the alleged theft, embezzlement, fraud and/or other crime(s) perpetrated by a former employee of Dore (the "Dore Incident"), the plaintiffs of the lawsuits allege that Dore failed to honor withdrawal of funds deposited with Dore as investments or gaming deposits that allegedly resulted in certain losses for these individuals. The principal allegations common to the lawsuits are that Wynn Macau SA, as a gaming concessionaire, should be held responsible for Dore’s conduct on the basis that Wynn Macau SA is responsible for the supervision of Dore’s activities at Wynn Macau that resulted in the purported losses.

The Company believes these cases are without merit and unfounded and intends to vigorously defend against the remaining claims pleaded against Wynn Macau SA in these lawsuits. The Company has made estimates for potential litigation costs based upon its assessment of the likely outcome and has recorded provisions for such amounts in the accompanying consolidated financial statements. No assurances can be provided as to the outcome of the pending Dore cases, and actual results may differ from these estimates.

Securities Class 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 current CEO Craig Billings and the individual directors, and allowing other claims to proceed against the Company and several of the Company's former executive officers, including Matthew Maddox, Stephen A. Wynn, Kimmarie Sinatra, and Steven Cootey. On March 2, 2023, the court granted the plaintiffs' motion for class certification and appointed lead counsel. The parties are now proceeding with discovery.

The defendants in this action intend to vigorously defend against the claims pleaded against them and believe that the claims are without merit. This action is in the preliminary stages and the Company has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or reasonably estimate the range of 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 beginning in 2020 received several 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.

Income Taxes - Summary of (Benefit) Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current
U.S. Federal	$ (248)	$ 825	$ 0
U.S. State	6,337	2,882	0
Foreign	(194)	2,510	2,746
Total	5,895	6,217	2,746
Deferred
U.S. Federal	(483,786)	1,450	(176)
U.S. State	(20,310)	1,674	(20)
Foreign	1,367	(9)	(2,076)
Total	(502,729)	3,115	(2,272)
Income tax benefit (provision), total	$ (496,834)	$ 9,332	$ 474

Long-Term Debt - WRF Senior Notes (Details) - USD ($)		1 Months Ended			12 Months Ended
Long-Term Debt - WRF Senior Notes (Details) - USD ($)	Feb. 16, 2023	Feb. 29, 2024	Aug. 31, 2023	Apr. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 14, 2020	Feb. 18, 2015
Debt Instrument [Line Items]
Long-term debt, gross					$ 11,826,986,000	$ 12,162,973,000
Payments for related fees and expenses					41,240,000	3,165,000	$ 31,193,000
Long-term debt					11,738,337,000	12,116,859,000
WRF 7 3/4% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Debt redemption price as percentage of principal				101.938%
Loss on restructuring of debt					10,600,000
Debt issuance costs					$ 11,400,000
WRF 7 3/4% Senior Notes, due 2025 \| Senior Notes \| WRF
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount								$ 600,000,000
Debt instrument, interest rate					7.75%			7.75%
Long-term debt, gross					$ 0	600,000,000
Debt instrument, repurchase amount	$ 506,400,000
Debt instrument, early tender premium	12,400,000
WRF 5 1/8% Senior Notes, due 2029 \| Senior Notes \| WRF
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount								$ 750,000,000
Debt instrument, interest rate					5.125%
Long-term debt, gross					$ 750,000,000	750,000,000
WRF 7 1/8% Senior Notes, due 2031 \| Senior Notes \| WRF
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount	600,000,000
Debt instrument, interest rate					7.125%
Long-term debt, gross	596,200,000				$ 600,000,000	0
Payments for related fees and expenses	$ 3,800,000
WRF 7 1/8% Senior Notes, due 2031 \| Senior Notes \| WRF \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount		$ 400,000,000
Debt redemption price as percentage of principal		103.00%
Long-term debt		$ 409,000,000
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, repurchase amount			$ 400,000,000
Debt instrument, early tender premium			$ 20,000,000
Debt redemption price as percentage of principal			94.00%
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, early tender premium		$ 20,300,000
Debt redemption price as percentage of principal		97.20%
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes \| WLV
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount									$ 1,800,000,000
Debt instrument, interest rate					5.50%				5.50%
Long-term debt, gross					$ 1,380,001,000	$ 1,780,000,000
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes \| WLV \| Subsequent Event
Debt Instrument [Line Items]
Repayments of debt		$ 678,000,000

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Consolidated income (loss) before taxes for United States ("U.S.") and foreign operations consisted of the following (in thousands):


	Year Ended December 31,
	2023		2022		2021
United States	$	142,775	$	339,513	$	(264,323)
Foreign	142,608		(1,039,549)		(747,193)
Total	$	285,383	$	(700,036)	$	(1,011,516)

The income tax provision (benefit) attributable to income before income taxes is as follows (in thousands):


	December 31,
	2023		2022		2021
Current
U.S. Federal	$	(248)	$	825	$	—
U.S. State	6,337		2,882		—
Foreign	(194)		2,510		2,746
Total	5,895		6,217		2,746
Deferred
U.S. Federal	(483,786)		1,450		(176)
U.S. State	(20,310)		1,674		(20)
Foreign	1,367		(9)		(2,076)
Total	(502,729)		3,115		(2,272)
Total income tax provision (benefit)	$	(496,834)	$	9,332	$	474

The reconciliation of the U.S. federal statutory tax rate to the actual tax rate is as follows:


	December 31,
	2023		2022		2021
U.S. Federal statutory rate	21.0	%	21.0	%	21.0	%
State tax	(2.8)	%	0.3	%	1.6	%
Foreign tax credits, net of valuation allowance	(139.8)	%	12.5	%	0.7	%
Non-taxable foreign income	(9.6)	%	(5.7)	%	(3.0)	%
Foreign tax rate differential	0.4	%	(17.0)	%	(9.4)	%
Valuation allowance, other	(43.8)	%	(3.1)	%	(6.8)	%
Other, net	0.5	%	(9.3)	%	(4.1)	%
Effective income tax rate	(174.1)	%	(1.3)	%	—	%

In 2024, Wynn Macau SA received an exemption from Macau's 12% Complementary Tax on casino gaming profits from January 1, 2023 through December 31, 2027. For the year ended December 31, 2022, the Company did not have any casino gaming profits exempt from the Macau Complementary Tax. For the year ended December 31, 2023, the Company was exempt from the payment of Macau Complementary Tax totaling $77.4 million or $0.69 per diluted share. 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 2024, Wynn Macau SA renewed its agreement with the Macau government that provides for a payment in lieu of complementary tax on dividend distributions which would otherwise be borne by stockholders of Wynn Macau SA from January 1, 2023 through December 31, 2025. The payment is $5.5 million for the year ended December 31, 2023.

Accounting standards require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not; otherwise, a valuation allowance is applied. During the years ended December 31, 2023 and 2022, the aggregate

valuation allowance for deferred tax assets decreased $1.10 billion and $64.1 million, respectively. The 2023 decrease is primarily related to the release of valuation allowance on foreign tax credits ("FTCs") and certain deferred tax assets as a result of achieving sustained profitability in the U.S. The 2022 decrease is primarily related to utilization of FTCs and expiration of NOL carryforwards.

The Company recorded tax benefits resulting from the exercise of nonqualified stock options and the value of vested restricted stock and accrued dividends of $2.3 million, $0.7 million, and $1.9 million for the years ended December 31, 2023, 2022, and 2021, respectively, in excess of the amounts reported for such items as compensation costs under accounting standards related to stock-based compensation.

The tax effects of significant temporary differences representing net deferred tax assets and liabilities consisted of the following (in thousands):


	December 31,
	2023		2022
Deferred tax assets—U.S.:
Foreign tax credit carryforwards	$	1,244,149	$	1,917,822
Disallowed interest expense carryforward	156,224		164,676
Net operating loss carryforward	160,778		107,407
Lease liability	371,032		366,519
Property and equipment	50,903		15,220
Receivables, inventories, accrued liabilities and other	21,854		16,610
Stock-based compensation	9,984		8,332
Other tax credit carryforwards	19,813		11,289
Intangibles and related other	41,914		25,423
Other	—		5,849
	2,076,651		2,639,147
Less: valuation allowance	(1,172,982)		(2,253,912)
	903,669		385,235
Deferred tax liabilities—U.S.:
Leased asset	(371,032)		(366,519)
Prepaid insurance, maintenance and taxes	(16,186)		(14,138)
Property and equipment	—		(194)
Other	(15,584)		(7,612)
	(402,802)		(388,463)
Deferred tax assets—Foreign:
Net operating loss carryforwards	78,842		109,114
Property and equipment	87,849		74,439
Other	3,275		3,688
	169,966		187,241
Less: valuation allowance	(167,599)		(183,290)
	2,367		3,951
Deferred tax liabilities—Foreign:
Property and equipment	(2,357)		(2,628)
	(2,357)		(2,628)

Net deferred tax asset (liability)	$	500,877	$	(1,905)

As of December 31, 2023, the Company had FTC carryforwards (net of uncertain tax positions) of $1.2 billion. Of this amount, $710.7 million will expire in 2024, $47.2 million in 2025, and $486.2 million in 2027. The Company has a disallowed

interest carryforward of $682.3 million which does not expire. As of December 31, 2023, the Company had U.S. federal and state tax loss carryforwards of $624.6 million. As of December 31, 2022, the Company had U.S. federal and state tax loss carryforwards of $417.3 million. U.S. federal tax loss carryforwards do not expire. The Company incurred foreign tax losses of $55.1 million, $424.2 million and $394.1 million during the tax years ended December 31, 2023, 2022 and 2021, respectively. The majority of foreign tax loss carryforwards expire in 2026, 2025 and 2024, respectively.

The Company records valuation allowances on certain of its U.S. and foreign deferred tax assets. In assessing the need for a valuation allowance, the Company considers whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. In the assessment of the valuation allowance, appropriate consideration is given to all positive and negative evidence including recent operating profitability, forecast of future earnings, ability to carryback, the reversal of net taxable temporary differences, the duration of statutory carryforward periods and tax planning strategies.

In 2023, the Company considered both the achievement of sustained profitability and cumulative income as well as forecasted income and tax planning strategies to be significant forms of positive evidence. The Company determined that the positive evidence outweighed the negative evidence and supported a release of a portion of the valuation allowance. Therefore, the Company recorded a $1.10 billion net decrease to valuation allowances, including a $971.7 million decrease to valuation allowance on FTC carryforwards. Of the $971.7 million decrease, $97.5 million relates to current year utilization and $572.6 million relates to expirations of FTCs in 2023. The remaining $301.6 million represents FTCs more likely than not to be realized based on future taxable income and tax planning strategies. The Company also recorded a $158.0 million decrease in valuation allowance on disallowed interest expense carryforward. The need for valuation allowances against deferred tax assets will be reassessed on a continuous basis in future periods and, as a result, the allowance may increase or decrease based on changes in facts and circumstances.

The Company relied solely on the reversal of net taxable temporary differences in assessing the need for a valuation allowance in the year ended December 31, 2022.

As of December 31, 2023 and 2022, the Company had valuation allowances provided on its deferred tax assets as follows (in thousands):


	December 31,
	2023		2022
Foreign tax credits	$	941,249	$	1,912,955
Disallowed interest expense carryforwards	—		157,990
Intangible assets	46,084		27,164
U.S. loss carryforwards	160,778		107,407
Other U.S. deferred tax assets	24,872		48,396
Foreign loss carryforwards	80,569		109,283
Other foreign deferred tax assets	87,029		74,007
Total	$	1,340,581	$	2,437,202

The Company had the following activity for unrecognized tax benefits as follows (in thousands):


	December 31,
	2023		2022		2021
Balance at beginning of period	$	135,979	$	141,515	$	107,661
Increases based on tax positions of the current year	15,818		12,068		14,079
Increases based on tax positions of prior years	—		—		66,043
Reductions based on tax positions of prior years	—		(2,637)		(35,633)
Reductions due to lapse in statutes of limitations	(16,126)		(14,967)		(10,635)
Balance at end of period	$	135,671	$	135,979	$	141,515

As of December 31, 2023, 2022 and 2021, unrecognized tax benefits of $135.7 million, $135.9 million and $141.5 million, respectively, were recorded as reductions in deferred income taxes, net. The Company had no unrecognized tax benefits recorded in other long-term liabilities as of December 31, 2023, 2022 and 2021.

As of December 31, 2023, 2022 and 2021, $69.0 million, $69.0 million and $74.3 million, respectively, of unrecognized tax benefits would, if recognized, impact the effective tax rate.

The Company recognizes penalties and interest related to unrecognized tax benefits in the provision for income taxes. During each of the years ended December 31, 2023, 2022 and 2021, the Company recognized no interest and penalties.

The Company anticipates that the 2019 statute of limitations will expire in the next 12 months for certain foreign tax jurisdictions. Also, the Company's unrecognized tax benefits include certain income tax accounting methods, which govern the timing and deductibility of income tax deductions. As a result, the Company's unrecognized tax benefits could decrease up to $1.5 million over the next 12 months.

The Company files income tax returns in the U.S. federal jurisdiction, various states and foreign jurisdictions. The Company's income tax returns are subject to examination by the IRS and other tax authorities in the locations where it operates. The Company's 2002 to 2019 domestic income tax returns remain subject to examination by the IRS to the extent tax attributes carryforward to future years. The Company's 2020 to 2022 domestic income tax returns also remain subject to examination by the IRS. The Company's 2019 to 2022 Macau income tax returns remain subject to examination by the Financial Services Bureau.

The Company has participated in the IRS Compliance Assurance Program ("CAP") for the 2012 through 2023 tax years and will continue to participate in the IRS CAP for the 2024 tax year.

On December 31, 2023, 2022 and 2021, the statute of limitations for the 2018, 2017, and 2016 Macau Complementary tax return expired, respectively. As a result of the expiration of the statute of limitations for the Macau Complementary Tax return, the total amount of unrecognized tax benefits decreased by $16.1 million, $15.0 million, and $10.6 million, respectively.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash equivalents	$ 1,802,712	$ 1,950,857
Restricted cash	90,226	132,550
Fixed deposits	550,000
Liabilities:
Derivative liability	73,744	0
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	1,802,712	1,950,857
Restricted cash	90,226	132,550
Fixed deposits	550,000
Interest rate collar	5,769
Liabilities:
Derivative liability	73,744	10,408
Fair Value, Measurements, Recurring \| Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	0	490,683
Restricted cash	2,170	6,891
Fixed deposits	0
Interest rate collar	0
Liabilities:
Derivative liability	0	0
Fair Value, Measurements, Recurring \| Other Observable Inputs (Level 2)
Assets:
Cash equivalents	1,802,712	1,460,174
Restricted cash	88,056	125,659
Fixed deposits	550,000
Interest rate collar	5,769
Liabilities:
Derivative liability	0	10,408
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 3
Assets:
Cash equivalents	0	0
Restricted cash	0	0
Fixed deposits	0
Interest rate collar	$ 0
Liabilities:
Derivative liability		$ 0

Long-Term Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt

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


	December 31,
	2023		2022
Macau Related:
WM Cayman II Revolver, due 2025(1)	$	1,497,610	$	1,500,473
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
WML 4 1/2% Convertible Bonds, due 2029(2)	600,000		—

U.S. and Corporate Related:
WRF Credit Facilities(3):
WRF Term Loan, due 2024	73,683		837,500
WRF Term Loan, due 2027	730,692		—
WLV 4 1/4% Senior Notes, due 2023	—		500,000
WLV 5 1/2% Senior Notes, due 2025	1,380,001		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
WRF 5 1/8% Senior Notes, due 2029	750,000		750,000
WRF 7 1/8% Senior Notes, due 2031	600,000		—
Retail Term Loan, due 2025(4)	615,000		615,000
	11,826,986		12,162,973
WML Convertible Bond Conversion Option Derivative	73,744		—
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(162,393)		(46,114)
	11,738,337		12,116,859
Less: Current portion of long-term debt	(709,593)		(547,543)
Total long-term debt, net of current portion	$	11,028,744	$	11,569,316

(1)As of December 31, 2023, the borrowings under the WM Cayman II Revolver bear interest at the term secured overnight financing rate ("Term SOFR") plus a credit adjustment spread of 0.10% or HIBOR, in each case plus a margin of 1.875% to 2.875% per annum based on WM Cayman II’s leverage ratio on a consolidated basis. Approximately $312.5 million and $1.19 billion of the WM Cayman II Revolver bears interest at a rate of Term SOFR plus 1.975% per year and HIBOR plus 1.875% per year, respectively. As of December 31, 2023 and 2022, the weighted average interest rate was approximately 7.20% and 7.30%, respectively. As of December 31, 2023, the WM Cayman II Revolver was fully drawn.

(2)As of December 31, 2023, the net carrying amount of the WML Convertible Bonds was $479.5 million, with unamortized debt discount and debt issuance costs of $120.5 million. The Company recorded contractual interest expense of $22.1 million and amortization of discounts and issuance costs of $14.2 million during the year ended December 31, 2023.

(3)The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of December 31, 2023 and 2022, the weighted average interest rate was approximately 7.21% and 6.14%, respectively. Additionally, as of December 31, 2023, the available borrowing capacity under the WRF Revolver was $736.5 million, net of $13.5 million in outstanding letters of credit.

(4)The Retail Term Loan bears interest at a rate of adjusted daily simple secured overnight financing rate ("SOFR") plus 1.80% per year. As of December 31, 2023 and 2022, the effective interest rate was 5.47% and 5.45%, respectively.

Macau Related Debt

WM Cayman II Revolver

On September 16, 2021, WM Cayman Holdings Limited II, an indirect wholly owned subsidiary of WML, as borrower ("WM Cayman II") and WML as guarantor, each an indirect subsidiary of Wynn Resorts, entered into a facility agreement with, among others, Bank of China Limited, Macau Branch as agent and a syndicate of lenders (the "Facility Agreement"), pursuant to which the lenders will make available in an aggregate amount of $1.50 billion equivalent revolving unsecured credit facility consisting of a U.S. dollar tranche in an amount of $312.5 million ("Facility A") and a Hong Kong dollar tranche ("Facility B") in an amount of HK$9.26 billion (approximately $1.19 billion) to WM Cayman II (the "WM Cayman II Revolver"). WM Cayman II has the ability to upsize the total WM Cayman II Revolver by an additional $1.00 billion equivalent under the Facility Agreement and related agreements upon the satisfaction of various conditions.

Due to the global phase out of London Interbank Offered Rate ("LIBOR"), on June 27, 2023, WM Cayman II, as borrower and WML, as guarantor, entered into an Amended and Restated Facility Agreement with Bank of China Limited, Macau Branch, as agent for the syndicate of lenders (as amended and restated, the "Amended and Restated Facility Agreement"), to transition the base rate applicable to loans denominated in U.S. dollars provided under WM Cayman II Revolver from LIBOR to Term SOFR. The new Term SOFR base rate became effective July 4, 2023.

Pursuant to the Amended and Restated Facility Agreement, loans provided under Facility A bear interest at a variable rate per annum equal to: (a) Term SOFR, plus a credit adjustment spread of 0.10% (subject to a minimum floor of 0.00%), plus (b) a margin of 1.875% to 2.875% based on the consolidated leverage ratio of WM Cayman II and its subsidiaries (as calculated pursuant to the Amended and Restated Facility Agreement), and loans provided under Facility B bear interest at a variable rate per annum equal to: (i) the Hong Kong Interbank Offered Rate, plus (ii) a margin of 1.875% to 2.875% based on the consolidated leverage ratio of WM Cayman II and its subsidiaries (as calculated pursuant to the Amended and Restated Facility Agreement).

The final maturity of all outstanding loans under the WM Cayman II Revolver is September 16, 2025, by which time any outstanding borrowings from the WM Cayman II Revolver must be repaid. WML, as guarantor, may be subject to certain restrictions on payments of dividends or distributions to its shareholders, unless certain financial criteria have been satisfied through the Facility Agreement.

WML Convertible Bonds

On March 7, 2023, WML completed an offering (the "Offering") of $600 million 4.50% convertible bonds due 2029 (the "WML Convertible Bonds"). The WML Convertible Bonds are governed by a trust deed dated March 7, 2023 (the "Trust Deed"), between WML and DB Trustees (Hong Kong) Limited, as trustee. WML, DB Trustees (Hong Kong) Limited, as trustee, and Deutsche Bank Trust Company Americas entered into an agency agreement, appointing Deutsche Bank Trust Company Americas as the principal paying agent, principal conversion agent, transfer agent and registrar in relation to the WML Convertible Bonds. The net proceeds from the Offering, after deduction of commissions and other related expenses, were $585.9 million. WML intends to use the net proceeds for general corporate purposes.

The WML Convertible Bonds bear interest on their outstanding principal amount from and including March 7, 2023 at the rate of 4.50% per annum, payable semi-annually in arrears on March 7 and September 7 of each year. At any time on or after April 17, 2023, the WML Convertible Bonds are convertible at the option of the holder thereof into fully paid ordinary shares of WML, each with a nominal value of HK$0.001 per share ("Ordinary Shares"), at the initial conversion price of approximately HK$10.24 (equivalent to approximately $1.31) per share, subject to and upon compliance with the terms and conditions of the WML Convertible Bonds (the "Terms and Conditions," and such right, the "Conversion Right"). The conversion price is at the fixed exchange rate of HK$7.8497 per $1.00, subject to standard adjustments for certain dilutive events as described in the Terms and Conditions. WML has the option upon conversion by a bondholder to pay an amount of cash equivalent described in the Terms and Conditions in order to satisfy such Conversion Right in whole or in part.

Holders of the WML Convertible Bonds have the option to require WML to redeem all or some only of such holder’s WML Convertible Bonds (i) on March 7, 2027 at their principal amount together with interest accrued but unpaid to, but excluding, the date fixed for redemption; or (ii) on the Relevant Event Redemption Date (as defined in the Terms and Conditions) at their principal amount together with interest accrued but unpaid to, but excluding, such date, following the occurrence of (a) when the Ordinary Shares cease to be listed or admitted to trading or are suspended from trading for a period

equal to or exceeding 10 consecutive trading days on the Stock Exchange of Hong Kong Limited, or if applicable, the alternative stock exchange, (b) when there is a Change of Control (as defined in the Terms and Conditions), or (c) when less than 25% of WML’s total number of issued Ordinary Shares are held by the public (as interpreted under Rule 8.24 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).

The WML Convertible Bonds may also be redeemed at the option of WML under certain circumstances specified in the Terms and Conditions, in whole, but not in part, at any time after March 7, 2027, but prior to March 7, 2029, upon giving notice to the bondholders in accordance with the Terms and Conditions. The WML Convertible Bonds constitute direct, unsubordinated, unconditional and, subject to the Terms and Conditions, unsecured obligations of WML and rank pari passu and without any preference or priority among themselves. The Ordinary Shares to be issued upon exercise of Conversion Right will be fully-paid and will in all respects rank pari passu with the fully-paid Ordinary Shares in issue on the relevant registration date set forth in the Terms and Conditions.

The Trust Deed contains covenants limiting WML's and all of its subsidiaries' ability to, among other things, create, permit to subsist or arise or have outstanding any mortgage, charge, pledge, lien or other encumbrance or certain security interest; consolidate or merge with or into another company; and sell, assign, transfer, convey or otherwise dispose of all or substantially all of its and its subsidiaries’ properties or assets, with certain exceptions. The Trust Deed also contains customary events of default.

The Company determined that the conversion feature contained within the WML Convertible Bonds is required to be bifurcated from the debt host contract and accounted for as a free-standing derivative (the "WML Convertible Bond Conversion Option Derivative"). In accordance with applicable accounting standards, the WML Convertible Bond Conversion Option Derivative will be reported at fair value as of the end of each reporting period, with changes recognized in the statements of operations. For more information, see "Note 8 - WML Convertible Bond Conversion Option Derivative." As a result, the Company recognized a debt discount of $123.5 million within Long-term debt, representing the estimated fair value of the holders' conversion option upon completion of the Offering. The debt discount will be amortized to interest expense over the term of the WML Convertible Bonds using the effective interest method. As of December 31, 2023, the estimated fair value of the WML Convertible Bond Conversion Option Derivative was a liability of $73.7 million, recorded within Long-term debt within the accompanying Consolidated Balance Sheet.

WML Senior Notes

WML's 4 7/8% Senior Notes due 2024, 5 1/2% Senior Notes due 2026, 5 1/2% Senior Notes due 2027, 5 5/8% Senior Notes due 2028, and 5 1/8% Senior Notes due 2029 (collectively, the "WML Senior Notes") bear interest at each of their respective interest rates and interest is payable semi-annually. The WML Senior Notes are WML's general unsecured obligations and rank pari passu in right of payment with all of WML's existing and future senior unsecured indebtedness, will rank senior to all of WML's future subordinated indebtedness, if any; will be effectively subordinated to all of WML's future secured indebtedness to the extent of the value of the assets securing such debt; and will be structurally subordinated to all existing and future obligations of WML's subsidiaries, including the WM Cayman II Revolver. The WML Senior Notes are not registered under the Securities Act of 1933, as amended (the "Securities Act") and the WML Notes are subject to restrictions on transferability and resale.

The WML Senior Notes were issued pursuant to indentures between WML and Deutsche Bank Trust Company Americas, as trustee (the "WML Senior Notes Indentures"). The WML Senior Notes Indentures contain covenants limiting WML’s (and certain of its subsidiaries’) ability to, among other things: merge or consolidate with another company; transfer or sell all or substantially all of its properties or assets; and lease all or substantially all of its properties or assets. The WML Senior Notes Indentures also contain customary events of default. In the case of an event of default arising from certain events of bankruptcy or insolvency, all WML Senior Notes then outstanding will become due and payable immediately without further action or notice.

Upon the occurrence of (a) any event after which none of WML or any subsidiary of WML has the applicable gaming concessions or authorizations in Macau in substantially the same manner and scope as WML and its subsidiaries are entitled to at the date on which each of the WML Senior Notes are issued, for a period of 10 consecutive days or more, and such event has a material adverse effect on WML and its subsidiaries, taken as a whole; or (b) the termination or modification of any such concessions or authorizations which has a material adverse effect on WML and its subsidiaries, taken as a whole, each holder of the WML Senior Notes will have the right to require WML to repurchase all or any part of such holder’s WML Senior Notes at a purchase price in cash equal to 100% of the principal amount thereof, plus accrued and unpaid interest. If WML undergoes a

Change of Control (as defined in the WML Senior Notes Indentures), it must offer to repurchase the WML Senior Notes at a price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest.

U.S. and Corporate Related Debt

WRF Credit Facilities

During 2019, WRF entered into a credit agreement (the "WRF Credit Agreement") providing for a first lien term loan facility in an aggregate principal amount of $1.00 billion (the "WRF Term Loan") and a first lien revolving credit facility in an aggregate principal amount of $850.0 million (the "WRF Revolver" and together with the WRF Term Loan, the "WRF Credit Facilities"). WRF used the net proceeds from the WRF Term Loan and the 2029 WRF Senior Notes (as defined below) to refinance the existing Wynn America credit facilities and the Wynn Resorts term loan and to pay related fees and expenses.

Subject to certain exceptions, the WRF Credit Facilities bear interest at LIBOR plus 1.75% per annum. The annual fee required to pay for unborrowed amounts under the WRF Revolver, if any, is 0.25% per annum. The Company is required to make quarterly repayments on the WRF Term Loan of $12.5 million, with any remaining principal amount outstanding repayable in full on September 20, 2024.

The WRF Credit Agreement contains customary representations and warranties, events of default and negative and affirmative covenants, including, but not limited to, covenants that restrict our ability to pay dividends or distributions to any direct or indirect subsidiaries, to incur and/or repay indebtedness, to make certain restricted payments, and to enter into mergers and acquisitions, negative pledges, liens, transactions with affiliates, and sales of assets. In addition, WRF is subject to financial covenants, including maintaining a Consolidated First Lien Net Leverage Ratio, as defined in the WRF Credit Agreement. The Consolidated Senior Secured Net Leverage Ratio is not to exceed 3.75 to 1.00.

The WRF Credit Facilities are guaranteed by each of WRF's existing and future wholly owned domestic restricted subsidiaries (the "Guarantors"), subject to certain exceptions, and are secured by a first priority lien on substantially all of WRF's and each of the guarantors' existing and future property and assets, subject to certain exceptions, including a limitation on the amount of collateral granted by Wynn Las Vegas, LLC ("WLV") and its subsidiaries so as to not violate the indenture governing WLV's outstanding senior notes.

On April 10, 2020 and November 27, 2020, the WRF Credit Agreement was amended to, among other things, implement a financial covenant relief period (the "Financial Covenant Relief Period") through April 1, 2022 and implement a financial covenant increase period (the "Financial Covenant Increase Period") commencing on the first day after the expiration of the Financial Covenant Relief Period and ending on the first day of the fourth fiscal quarter after the expiration of the Financial Covenant Relief Period, unless earlier terminated by WRF. During the Financial Covenant Relief Period, the existing consolidated first lien net leverage ratio financial covenant was replaced with a minimum liquidity financial covenant that required WRF and its restricted subsidiaries to maintain liquidity of at least $325.0 million at all times (with liquidity being the sum of unrestricted operating cash, as defined in the WRF Credit Agreement, and the available borrowing capacity under the WRF Revolver). WRF terminated the Financial Covenant Relief Period during the first quarter of 2022. Following the termination of the Financial Covenant Relief Period, WRF may not permit the consolidated first lien net leverage ratio as of the last day of any fiscal quarter to exceed 3.75 to 1.00.

In May 2023, WRF and certain of its subsidiaries entered into an amendment (the "WRF Credit Facility Agreement Amendment") to its existing credit agreement among Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the other lenders party thereto.

The WRF Credit Facility Agreement Amendment amends the WRF Credit Facility Agreement to: (i) transition the benchmark rate from LIBOR to Term SOFR and to make conforming changes, (ii) reduce the aggregate principal amount of revolving commitments under the revolving credit facility by $100.0 million, from $850.0 million to $750.0 million, (iii) extend the stated maturity date for lenders electing to extend their revolving commitments in an amount equal to approximately $681.3 million from September 20, 2024 to September 20, 2027, and (iv) extend the stated maturity date for lenders electing to extend their term loan commitments in an amount equal to approximately $749.4 million from September 20, 2024 to September 20, 2027. Lenders who elected not to extend their revolving commitments in an amount equal to approximately $68.7 million will remain subject to a stated maturity date of September 20, 2024, and lenders who elected not to extend their term loan commitments in an amount equal to approximately $75.6 million will remain subject to a stated maturity date of September 20, 2024. In connection with the WRF Credit Facility Agreement Amendment, the Company recognized a loss on debt financing transactions of $1.2 million within the accompanying Consolidated Statements of Operations, and the Company recorded debt issuance costs of $5.1 million, within the Consolidated Balance Sheet.

WRF Senior Notes

During 2020 and 2019, WRF and its subsidiary Wynn Resorts Capital Corp. (collectively with WRF, the "WRF Issuers"), each an indirect wholly owned subsidiary of the Company, issued $600.0 million aggregate principal amount of 7 3/4% Senior Notes due 2025 (the "2025 WRF Senior Notes") and $750.0 million aggregate principal amount of 5 1/8% Senior Notes due 2029 (the "2029 WRF Senior Notes").

In February 2023, the WRF Issuers issued $600.0 million aggregate principal amount of 7 1/8% Senior Notes due 2031 (the "2031 WRF Senior Notes") pursuant to an indenture among the WRF Issuers, the guarantors party thereto, and the Trustee, in a private offering. The 2031 WRF Senior Notes were issued at par, for proceeds of $596.2 million, net of $3.8 million of related fees and expenses. Also on February 16, 2023, the WRF Issuers completed a cash tender offer for any and all of the outstanding principal amount of the 2025 WRF Senior Notes, and accepted for purchase valid tenders with respect to $506.4 million and paid a tender premium of $12.4 million. The Company used a portion of the net proceeds from the offering of the 2031 WRF Senior Notes to purchase such tendered 2025 WRF Senior Notes and to pay related fees and expenses.

In April 2023, WRF repurchased all of the outstanding 2025 WRF Senior Notes using the remaining net proceeds from the issuance of the 2031 WRF Senior Notes and cash held by WRF, at a price equal to 101.938% of the principal amount plus accrued interest under the terms of its indenture.

In connection with the issuance of the 2031 WRF Senior Notes and purchase of the 2025 WRF Senior Notes, the Company recognized a loss on debt financing transactions of $10.6 million within the accompanying Consolidated Statements of Operations, and the Company recorded debt issuance costs of $11.4 million within the accompanying Consolidated Balance Sheet.

In February 2024, the WRF Issuers issued an additional $400.0 million aggregate principal amount of 7 1/8% Senior Notes due 2031 (the "2031 WRF Add-On Senior Notes" and collectively with the 2031 Senior Notes and 2029 Senior Notes, the "WRF Senior Notes") pursuant to a supplemental indenture to the 2031 Senior Notes indenture dated as of February 16, 2023. The 2031 WRF Add-On Senior Notes were issued at a price equal to 103.0% of the principal amount, for net proceeds of approximately $409 million. The Company used the net proceeds from the offering of the 2031 WRF Add-On Senior Notes and cash held by Wynn Resorts to repurchase $678.0 million of the outstanding principal amount of the 2025 WLV Senior Notes (see definition below) and to pay related fees and expenses.

The WRF Senior Notes were issued pursuant to indentures (the "WRF Indentures") among the WRF Issuers, the guarantors party thereto, and U.S. Bank National Association, as trustee (the "Trustee"). The WRF Senior Notes bear interest at each of their respective interest rates and interest is payable semi-annually.

The WRF Senior Notes are the WRF Issuers' senior unsecured obligations and rank pari passu in right of payment with the WLV Senior Notes (as defined below), and rank equally in right of payment with Wynn Las Vegas' guarantee of the WRF Credit Facilities, and rank senior in right of payment to all of the WRF Issuers' existing and future subordinated debt. The WRF Senior Notes are effectively subordinated in right of payment to all of the WRF Issuers' existing and future secured debt (to the

extent of the value of the collateral securing such debt), and structurally subordinated to all of the liabilities of any of the WRF Issuers' subsidiaries that do not guarantee the WRF Senior Notes, including WML and its subsidiaries.

The WRF Senior Notes are jointly and severally guaranteed by each of WRF's existing domestic restricted subsidiaries that guarantee indebtedness under the WRF Credit Agreement, including Wynn Las Vegas, LLC and each of its subsidiaries that guarantees the WLV Senior Notes. The guarantees are senior unsecured obligations of the Guarantors and rank senior in right of payment to all of their future subordinated debt. The guarantees rank equally in right of payment with all existing and future liabilities of the Guarantors that are not so subordinated and will be effectively subordinated in right of payment to all of such Guarantors' existing and future secured debt (to the extent of the collateral securing such debt).

The WRF Indentures contains covenants that limit the ability of the WRF Issuers and the guarantors to, among other things, enter into sale-leaseback transactions, create or incur liens to secure debt, and merge, consolidate or sell all or substantially all of the WRF Issuers' assets. These covenants are subject to exceptions and qualifications set forth in the WRF Indentures. The WRF Indentures also contain customary events of default, including, but not limited to, failure to make required payments, failure to comply with certain covenants, certain events of bankruptcy and insolvency, and failure to pay certain judgments.

The WRF Senior Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act. The WRF Senior Notes have not been and will not be registered under the Securities Act or under any state securities laws. Therefore, the WRF Senior Notes may not be offered or sold within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.

WLV Senior Notes

Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. ("Capital Corp." and together with Wynn Las Vegas, LLC, the "Issuers") issued $500.0 million 4 1/4% Senior Notes due 2023 (the "2023 WLV Senior Notes"), $1.80 billion 5 1/2% Senior Notes due 2025 (the “2025 WLV Senior Notes”), and $900.0 million 5 1/4% Senior Notes due 2027 (the 2027 WLV Senior Notes) pursuant to indentures, dated as of May 22, 2013 (the "2023 Indenture"), February 18, 2015 (the "2025 Indenture"), and May 11, 2017 (the "2027 Indenture"), respectively, among the Issuers, the Guarantors (as defined below) and the Trustee.

In March 2023, the Company repurchased all of its outstanding 2023 WLV Senior Notes, representing an aggregate principal amount of $500.0 million, using cash held by WRF, at a price equal to 100% of the principal amount plus accrued interest under the terms of its indenture. In connection with the repurchase, the Company recognized a loss on debt financing transaction of $1.0 million within the accompanying Consolidated Statements of Operations.

In August 2023, Wynn Las Vegas repurchased $400.0 million aggregate principal amount of its 2025 WLV Senior Notes, at a price equal to 94% of the principal amount, plus accrued interest and an early tender premium of $20.0 million to the holders of validly tendered 2025 WLV Senior Notes. WRF used cash held by Wynn Resorts to purchase such tendered 2025 WLV Senior Notes and to pay the tender premium and related fees and expenses. In connection with the completion of the tender, the Company recognized a gain on debt financing transaction of $2.9 million within the accompanying Consolidated Statements of Operations.

In February 2024, Wynn Las Vegas repurchased $678.0 million aggregate principal amount of its 2025 WLV Senior Notes, at a price equal to 97.2% of the principal amount, plus accrued interest and an early tender premium of $20.3 million to the holders of validly tendered 2025 WLV Senior Notes. The Company used the net proceeds from the 2031 WRF Add-On Senior Notes and cash held by Wynn Resorts, to purchase such validly tendered 2025 WLV Senior Notes and to pay the tender premium and related fees and expenses.

The 2025 WLV Senior Notes and 2027 WLV Senior Notes are collectively referred to as the "WLV Senior Notes." The 2025 Indenture and 2027 Indenture are collectively referred to as the "WLV Indentures."

The WLV Senior Notes are the WLV Issuers' senior unsecured obligations and each rank pari passu in right of payment. The WLV Senior Notes are unsecured, except by the first priority pledge by Wynn Las Vegas Holdings, LLC ("WLVH"), a direct wholly owned subsidiary of Wynn Resorts Finance, LLC, of its equity interests in Wynn Las Vegas, LLC. If Wynn Resorts receives an investment grade rating from one or more ratings agencies, the first priority pledge securing the WLV Senior Notes will be released.

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

The WLV Indentures contain covenants limiting the WLV Issuers' and the guarantors' ability to create liens on assets to secure debt; enter into sale-leaseback transactions; and merge or consolidate with another company. These covenants are subject to a number of important and significant limitations, qualifications and exceptions.

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

In 2018, Wynn Resorts purchased $20.0 million principal amount of each of the 2025 WLV Senior Notes and 2027 WLV Senior Notes through open market purchases, for a total of $40.0 million. As of December 31, 2023, Wynn Resorts holds this debt and has not contributed it to its wholly owned subsidiary, Wynn Las Vegas, LLC.

The WLV Issuers and certain of their subsidiaries will guarantee and secure their obligation under the WRF Credit Facilities with liens on substantially all of their assets, with such liens limiting the amount of such obligations secured to 15% of their total assets.

The WLV Senior Notes were offered pursuant to an exemption under the Securities Act only to qualified institutional buyers in reliance on Rule 144A under the Securities Act. The WLV Senior Notes have not been and will not be registered under the Securities Act or under any state securities laws. Therefore, the WLV Senior Notes may not be offered or sold within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.

Retail Term Loan

In 2018, Wynn/CA Plaza Property Owner, LLC and Wynn/CA Property Owner, LLC (collectively, the "Retail Borrowers"), subsidiaries of the Retail Joint Venture, entered into a term loan agreement (together with its subsequent amendments, the "Retail Term Loan Agreement"). On June 2, 2023, the Borrowers entered into an amendment effective as of July 3, 2023, which amended the Retail Term Loan Agreement to transition the benchmark interest rate applicable to the secured loan in an aggregate principal amount of $615.0 million issued to the Borrowers thereunder from LIBOR to SOFR and to make related conforming changes to the Retail Term Loan Agreement.

The Retail Term Loan Agreement provides for a term loan facility to the Retail Borrowers of $615.0 million (the "Retail Term Loan"). The Retail Term Loan is secured by substantially all of the assets of the Retail Borrowers. The Retail Term Loan matures on July 24, 2025 and bears interest at a rate of SOFR plus an adjustment of 0.10% plus 1.70% per annum. The Retail Borrowers distributed approximately $589 million of the net proceeds of the Retail Term Loan to their members on a proportionate basis to each member's ownership percentage. The Retail Borrowers may prepay the Retail Term Loan, in whole or in part, at any time with no premium above the principal amount. In accordance with the Retail Term Loan Second Amendment, the Retail Borrowers entered into an interest rate collar agreement with a SOFR floor of 1.00% and a ceiling of 3.67%.

The Retail Term Loan Agreement contains customary representations and warranties, events of default and affirmative and negative covenants for debt facilities of this type, including, among other things, limitations on leasing matters, incurrence of indebtedness, distributions and transactions with affiliates. The Retail Term Loan Agreement also provides for customary sweeps of the Retail Borrowers' excess cash in the event of a default or in the event the Retail Borrowers fail to maintain certain financial ratios as defined in the Retail Term Loan Agreement. In addition, the Company will indemnify the lenders under the Retail Term Loan and be liable, in each case, for certain customary environmental and non-recourse carve out matters pursuant to a hazardous materials indemnity agreement and a recourse indemnity agreement, each entered into concurrently with the execution of the Retail Term Loan Agreement.

In accordance with the terms of the Retail Term Loan Agreement, the Retail Borrowers entered into an interest rate collar with a notional value of $615.0 million, the underlying reference rate of which was transitioned from LIBOR to SOFR concurrently with the Retail Term Loan. The interest rate collar establishes a range whereby the Retail Borrowers will pay the counterparty if one-month SOFR falls below the established floor rate of 1.00%, and the counterparty will pay the Retail Borrowers if one-month SOFR exceeds the ceiling rate of 3.67%. The interest rate collar settles monthly through the termination date in August 2024. No payments or receipts are exchanged on interest rate collar contracts unless interest rates rise above or fall below the pre-determined ceiling or floor rate, respectively. The Company measures the fair value of the interest rate collar at each balance sheet date based on a Black-Scholes option pricing model, which incorporates observable market inputs such as market volatility and interest rates, with changes in fair value recorded in earnings. As of December 31, 2023, the fair value of the interest rate collar was an asset of $5.8 million, recorded in Prepaid expenses and other in the accompanying Consolidated Balance Sheets. As of December 31, 2022, the fair value of the interest rate collar was a liability of $10.4 million, of which $6.7 million was recorded in Prepaid expenses and other, and $3.7 million was recorded in Other assets in the accompanying Consolidated Balance Sheets.

Debt Covenant Compliance

As of December 31, 2023, management believes the Company was in compliance with all debt covenants.

Scheduled Maturities of Long-Term Debt

Scheduled maturities of long-term debt as of December 31, 2023 were as follows (in thousands):


Years Ending December 31,
2024	$	711,154
2025	3,530,083
2026	1,037,471
2027	2,248,278
2028	1,350,000
Thereafter	2,950,000
	11,826,986
WML Convertible Bond Conversion Option Derivative	73,744
Unamortized debt issuance costs and original issue discounts and premium, net	(162,393)
	$	11,738,337

Fair Value of Long-Term Debt

The estimated fair value of the Company's long-term debt as of December 31, 2023 and 2022, was approximately $11.49 billion and $11.23 billion, respectively, compared to its carrying value, excluding debt issuance costs and original issue discount and premium, of $11.83 billion, and $12.16 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).

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance-beginning of year	$ 135,979	$ 141,515	$ 107,661
Increases based on tax positions of the current year	15,818	12,068	14,079
Increases based on tax positions of prior years	0	0	66,043
Reductions based on tax positions of prior years	0	(2,637)	(35,633)
Reductions due to lapse in statutes of limitations	(16,126)	(14,967)	(10,635)
Balance-end of year	$ 135,671	$ 135,979	$ 141,515

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

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:
	December 31, 2023		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,802,712	$	—	$	1,802,712	$	—
Restricted cash	$	90,226	$	2,170	$	88,056	$	—
Fixed deposits	$	550,000	$	—	$	550,000	$	—
Interest rate collar	$	5,769	$	—	$	5,769	$	—

Liabilities:
WML Convertible Bond Conversion Option Derivative (see Note 8)	$	73,744	$	—	$	—	$	73,744

			Fair Value Measurements Using:
	December 31, 2022		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,950,857	$	490,683	$	1,460,174	$	—
Restricted cash	$	132,550	$	6,891	$	125,659	$	—
Interest rate collar	$	10,408	$	—	$	10,408	$	—

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 782,217	$ (709,368)	$ (1,011,990)
Other comprehensive income (loss):
Foreign currency translation adjustments, before and after tax	5,297	(8,849)	3,477
Total comprehensive income (loss)	787,514	(718,217)	(1,008,513)
Less: comprehensive (income) loss attributable to noncontrolling interests	(53,710)	287,953	255,127
Comprehensive income (loss) attributable to Wynn Resorts, Limited	$ 733,804	$ (430,264)	$ (753,386)

- 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

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating revenues:
Total operating revenues	$ 6,531,897	$ 3,756,825	$ 3,763,664
Operating expenses:
General and administrative	1,065,022	830,450	796,592
Provision for credit losses	(3,964)	(7,295)	29,487
Pre-opening	9,468	20,643	6,821
Depreciation and amortization	687,270	692,318	715,962
Gain on EBH Transaction, net	0	(181,989)	0
Impairment of goodwill and intangible assets	94,490	48,036	10,254
Property charges and other	130,877	65,116	40,508
Total operating expenses	5,691,726	3,857,501	4,158,205
Operating income (loss)	840,171	(100,676)	(394,541)
Other income (expense):
Interest income	175,785	29,758	3,213
Interest expense, net of amounts capitalized	(751,509)	(650,885)	(605,562)
Change in derivatives fair value	45,098	15,956	11,360
Loss on debt financing transactions	(12,683)	0	(2,060)
Other	(11,479)	5,811	(23,926)
Other expense, net	(554,788)	(599,360)	(616,975)
Income (loss) before income taxes	285,383	(700,036)	(1,011,516)
Benefit (provision) for income taxes	496,834	(9,332)	(474)
Net income (loss)	782,217	(709,368)	(1,011,990)
Less: net (income) loss attributable to noncontrolling interests	(52,223)	285,512	256,204
Net income (loss) attributable to Wynn Resorts, Limited	$ 729,994	$ (423,856)	$ (755,786)
Net income (loss) attributable to Wynn Resorts, Limited:
Earnings Per Share, Basic	$ 6.49	$ (3.73)	$ (6.64)
Earnings Per Share, Diluted	$ 6.32	$ (3.73)	$ (6.64)
Weighted average common shares outstanding:
Basic (in shares)	112,523	113,623	113,760
Diluted (in shares)	112,855	113,623	113,760
Casino
Operating revenues:
Total operating revenues	$ 3,718,402	$ 1,632,541	$ 2,133,420
Operating expenses:
Cost of goods and services sold	2,238,671	1,099,801	1,394,098
Rooms
Operating revenues:
Total operating revenues	1,185,671	802,138	592,571
Operating expenses:
Cost of goods and services sold	307,132	261,343	197,734
Food and Beverage
Operating revenues:
Total operating revenues	1,028,637	846,214	633,911
Operating expenses:
Cost of goods and services sold	822,323	700,549	516,391
Entertainment, retail and other
Operating revenues:
Total operating revenues	599,187	475,932	403,762
Operating expenses:
Cost of goods and services sold	$ 340,437	$ 328,529	$ 450,358

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash paid for interest, net of amounts capitalized	$ 688,350	$ 618,395	$ 581,650
Capitalized stock-based compensation	5,268	3,246	5,058
Cash paid for income taxes	10,310	5,290	1,749
Finance lease liabilities arising from obtaining finance lease assets	8,842	5,906	7,423
Liability settled with shares of common stock	6,639	9,287	6,272
Accounts and construction payables related to property and equipment	60,313	64,861	52,647
Other liabilities related to intangible assets	209,410	4,220	5,417
Dividends payable on unvested restricted stock included in other accrued liabilities	685	$ 229	$ 1,846
Intangible Assets, Other Liabilities Incurred, Gaming Premium	$ 206,500

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,879,186	$ 3,650,440
Restricted cash	18	4,819
Investments	845,192	0
Accounts receivable, net of allowance for credit losses of $40,075 and $78,842	341,712	216,033
Inventories	75,552	70,094
Prepaid expenses and other	99,961	88,201
Total current assets	4,241,621	4,029,587
Property and equipment, net	6,688,479	6,896,060
Restricted cash	90,208	127,731
Goodwill and intangible assets, net	329,708	245,253
Operating lease assets	1,832,896	1,853,164
Deferred income taxes, net	500,877	0
Other assets	312,434	263,305
Total assets	13,996,223	13,415,100
Current liabilities:
Accounts and construction payables	208,263	197,474
Customer deposits	543,288	506,148
Gaming taxes payable	172,832	44,967
Accrued compensation and benefits	212,645	187,160
Accrued interest	141,902	135,630
Current portion of long-term debt	709,593	547,543
Other accrued liabilities	211,931	192,501
Total current liabilities	2,200,454	1,811,423
Long-term debt	11,028,744	11,569,316
Long-term operating lease liabilities	1,631,749	1,615,157
Other long-term liabilities	236,210	59,569
Total liabilities	15,097,157	15,055,465
Commitments and contingencies (Note 18)
Stockholders' 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; 132,998,916 and 132,256,185 shares issued; 111,737,245 and 113,369,439 shares outstanding, respectively	1,330	1,323
Treasury stock, at cost; 21,261,671 and 18,886,746 shares, respectively	(1,836,326)	(1,623,872)
Additional paid-in capital	3,647,161	3,583,923
Accumulated other comprehensive income (loss)	3,406	(404)
Accumulated deficit	(2,066,953)	(2,711,808)
Total Wynn Resorts, Limited stockholders' deficit	(251,382)	(750,838)
Noncontrolling interests	(849,552)	(889,527)
Total stockholders' deficit	(1,100,934)	(1,640,365)
Total liabilities and stockholders' deficit	$ 13,996,223	$ 13,415,100

Receivables, net

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Receivables, net

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


	December 31,
	2023		2022
Casino	$	218,694	$	171,893
Hotel	54,596		35,654
Other	108,497		87,328
	381,787		294,875
Less: allowance for credit losses	(40,075)		(78,842)
	$	341,712	$	216,033

As of December 31, 2023 and 2022, approximately 68.2% and 57.6%, 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 15.9% and 43.2% of gross casino receivables as of December 31, 2023 and 2022, 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):


	December 31,
	2023		2022
Balance at beginning of year	$	78,842	$	111,319
Provision for credit losses	(3,964)		(7,295)
Write-offs	(47,611)		(30,100)
Recoveries of receivables previously written-off	12,897		4,987
Effect of exchange rate	(89)		(69)
Balance at end of period	$	40,075	$	78,842

Customer Contract Liabilities

12 Months Ended

Dec. 31, 2023

Revenue Recognition [Abstract]

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):


	December 31, 2023		December 31, 2022		Increase/ (Decrease)		December 31, 2022		December 31, 2021		Increase/ (Decrease)
Casino outstanding chips and front money deposits(1)	$	433,269	$	390,531	$	42,738	$	390,531	$	352,830	$	37,701
Advance room deposits and ticket sales(2)	89,640		85,019		4,621		85,019		55,438		29,581
Other gaming-related liabilities(3)	24,964		31,265		(6,301)		31,265		26,515		4,750
Loyalty program and related liabilities(4)	31,106		35,083		(3,977)		35,083		34,695		388
	$	578,979	$	541,898	$	37,081	$	541,898	$	469,478	$	72,420

(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 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 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 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 Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Long-Term Debt - WRF Credit Facilities (Details)		12 Months Ended
Long-Term Debt - WRF Credit Facilities (Details)	Sep. 20, 2019 USD ($)	Dec. 31, 2023 USD ($)	May 17, 2023 USD ($)	May 16, 2023 USD ($)	Nov. 27, 2020 USD ($)	Apr. 10, 2020
WRF
Debt Instrument [Line Items]
Maximum consolidated senior secured net leverage ratio	3.75
Secured Debt \| Secured Overnight Financing Rate (SOFR) \| WRF
Debt Instrument [Line Items]
Basis spread on variable rate		1.85%
WRF Term Loan, due 2024 \| Secured Debt \| WRF
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount	$ 1,000,000,000
Required quarterly payments	$ 12,500,000
WRF Term Loan, due 2024 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| WRF
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
WRF Revolver \| Revolving Credit Facility \| WRF
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount	$ 850,000,000
Fee required for unborrowed amounts, percentage per annum	0.25%
WRF Revolver \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| WRF
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
WRF Credit Facilities \| Line of Credit \| WRF \| During Financial Covenant Relief Period
Debt Instrument [Line Items]
Minimum liquidity required to be maintained at all times during Financial Covenant Relief Period					$ 325,000,000
WRF Credit Facilities \| Line of Credit \| WRF \| Fourth Fiscal Quarter and Thereafter of the Financial Covenant Increase Period
Debt Instrument [Line Items]
Maximum consolidated first lien net leverage ratio						3.75
WRF Credit Facility Agreement
Debt Instrument [Line Items]
Loss on restructuring of debt		$ 1,200,000
Debt issuance costs		$ 5,100,000
WRF Credit Facility Agreement \| Secured Debt
Debt Instrument [Line Items]
Commitment extended			$ 749,400,000
Commitment not extended			75,600,000
WRF Credit Facility Agreement \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity, limit decrease			100,000,000
Credit facility, maximum borrowing capacity			750,000,000	$ 850,000,000
Commitment extended			681,300,000
Commitment not extended			$ 68,700,000

Schedule II- Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 78,842	$ 111,319	$ 100,329
Provisions for Doubtful Accounts	(3,964)	(7,295)	29,487
Write-offs, Net of Recoveries	(34,803)	(25,182)	(18,497)
Ending balance	40,075	78,842	111,319
Valuation Allowance of Deferred Tax Assets
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	2,437,202	2,501,263	2,986,684
Provisions for Doubtful Accounts	96,623	108,150	142,058
Write-offs, Net of Recoveries	(1,193,244)	(172,211)	(627,479)
Ending balance	$ 1,340,581	$ 2,437,202	$ 2,501,263

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 31, 2023	Feb. 14, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
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 per share
Trading Symbol	WYNN
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 10,970
Entity Common Stock, Shares Outstanding		112,078,263
Documents Incorporated by Reference	Portions of the registrant's Proxy Statement for its 2024 Annual Meeting of Stockholders to be filed not later than 120 days after the end of the fiscal year covered by this report are incorporated by reference into Part III of this Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001174922

Commitments and Contingencies - Additional Information (Details) MOP$ in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023 USD ($)	Dec. 31, 2023 MOP (MOP$)
Commitments And Contingencies [Line Items]
Other commitment		$ 639,208
Percentage of gross revenue		35.00%	35.00%
Contributed capital percentage		20.00%
2024		$ 320,474
2025		104,317
2026		43,598
2027		32,326
2028		28,152
Thereafter		110,341
Letter of credit outstanding		$ 13,500
Minimum
Commitments And Contingencies [Line Items]
Term of employment agreement		3 years
Maximum
Commitments And Contingencies [Line Items]
Term of employment agreement		5 years
Island 3 AMI FZ-LLC
Commitments And Contingencies [Line Items]
Percentage of ownership		40.00%	40.00%
Macau Gaming and Non-Gaming Investments \| Wynn Macau SA
Commitments And Contingencies [Line Items]
Other commitment		$ 2,200,000	MOP$ 17,730,000
Other commitment, term	10 years	10 years
Macau Non-Gaming Capital Projects \| Wynn Macau SA
Commitments And Contingencies [Line Items]
Other commitment		$ 2,050,000	MOP$ 16,500,000
Percentage of commitment increase		20.00%	20.00%
Macau Non-Gaming Capital Projects \| Wynn Macau SA \| Scenario One
Commitments And Contingencies [Line Items]
Other commitment		$ 22,360,000	MOP$ 180,000,000
Macau Non-Gaming Capital Projects \| Wynn Macau SA \| Scenario Two
Commitments And Contingencies [Line Items]
Other commitment		409,900	3,300,000
Macau Gaming Concession \| Wynn Macau SA
Commitments And Contingencies [Line Items]
Gaming premium, average gross table gaming revenue, minimum		900	7,000
Gaming premium, average gross machine gaming revenue, minimum		$ 37	MOP$ 300
Special levies, reduction of payables, percentage of gross revenue		5.00%	5.00%
Employment Contracts
Commitments And Contingencies [Line Items]
2024		$ 97,000
2025		66,100
2026		25,100
2027		6,800
2028		2,100
Thereafter		$ 2,700

Long-Term Debt - Summary of Long-Term Debt - Additional Information (Details) - USD ($)			12 Months Ended
	Sep. 20, 2019	Jul. 25, 2018	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross			$ 11,826,986,000	$ 12,162,973,000
Long-term debt			11,738,337,000	12,116,859,000
Unamortized debt issuance costs and original issue discounts and premium, net			162,393,000	46,114,000
Interest expense			5,800,000	0	$ 0
Letter of credit outstanding			$ 13,500,000
Secured Debt \| Secured Overnight Financing Rate (SOFR) \| WRF
Debt Instrument [Line Items]
Basis spread on variable rate			1.85%
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| WM Cayman II
Debt Instrument [Line Items]
Long-term debt, gross			$ 1,497,610,000	$ 1,500,473,000
Debt, weighted average interest rate			7.20%	7.30%
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| WM Cayman II
Debt Instrument [Line Items]
Basis spread on variable rate			1.975%
Long-term debt, gross			$ 312,500,000
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| HIBOR or SOFR \| WM Cayman II
Debt Instrument [Line Items]
Basis spread on variable rate			0.10%
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| HIBOR or SOFR \| WM Cayman II \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate			1.875%
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| HIBOR or SOFR \| WM Cayman II \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate			2.875%
WM Cayman II Revolver, due 2025 \| Revolving Credit Facility \| HIBOR \| WM Cayman II
Debt Instrument [Line Items]
Basis spread on variable rate			1.875%
Long-term debt, gross			$ 1,190,000,000
WML 4 1/2% Convertible Bonds, due 2029 \| Convertible Debt \| WML
Debt Instrument [Line Items]
Long-term debt, gross			600,000,000	$ 0
Long-term debt			479,500,000
Unamortized debt issuance costs and original issue discounts and premium, net			120,500,000
Interest expense			22,100,000
Amortization of debt issuance costs and discounts			$ 14,200,000
WRF Credit Facilities \| Secured Overnight Financing Rate (SOFR) \| WRF
Debt Instrument [Line Items]
Debt, weighted average interest rate			7.21%	6.14%
WRF Revolver \| Revolving Credit Facility \| WRF
Debt Instrument [Line Items]
Availability of credit facility			$ 736,500,000
Letter of credit outstanding			13,500,000
WRF Revolver \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| WRF
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Retail Term Loan, Due 2025 \| Medium-term Notes \| Retail Term Loan, due 2025
Debt Instrument [Line Items]
Long-term debt, gross		$ 615,000,000	$ 615,000,000	$ 615,000,000
Retail Term Loan, Due 2025 \| Medium-term Notes \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate			1.80%
Interest rate during period on debt			5.47%	5.45%
Retail Term Loan, Due 2025 \| Medium-term Notes \| Secured Overnight Financing Rate (SOFR) \| Retail Term Loan, due 2025
Debt Instrument [Line Items]
Basis spread on variable rate		0.10%	1.70%
Retail Term Loan, Due 2025 \| Medium-term Notes \| Secured Overnight Financing Rate (SOFR) \| Retail Term Loan, due 2025 \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Retail Term Loan, Due 2025 \| Medium-term Notes \| Secured Overnight Financing Rate (SOFR) \| Retail Term Loan, due 2025 \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		3.67%

Long-Term Debt - WLV Senior Notes (Details) - USD ($)	1 Months Ended			12 Months Ended
Long-Term Debt - WLV Senior Notes (Details) - USD ($)	Feb. 29, 2024	Aug. 31, 2023	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2018	May 11, 2017	Feb. 18, 2015	May 22, 2013
Debt Instrument [Line Items]
Loss on extinguishment of debt				$ 12,683,000	$ 0	$ 2,060,000
Senior Notes \| WLV 4 1/4% Senior Notes, due 2023
Debt Instrument [Line Items]
Debt instrument, repurchase amount			$ 500,000,000
Debt redemption price as percentage of principal			100.00%
Loss on extinguishment of debt			$ 1,000,000
Senior Notes \| WLV 5 1/2% Senior Notes, due 2025
Debt Instrument [Line Items]
Debt instrument, repurchase amount		$ 400,000,000
Debt redemption price as percentage of principal		94.00%
Debt instrument, early tender premium		$ 20,000,000
Loss on extinguishment of debt		$ (2,900,000)
Senior Notes \| WLV 5 1/2% Senior Notes, due 2025 \| Subsequent Event
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	97.20%
Debt instrument, early tender premium	$ 20,300,000
Principal amount purchased	$ 678,000,000
Senior Notes \| WRF Credit Facilities \| Subsidiary Issuer
Debt Instrument [Line Items]
Debt covenant, percentage of total assets				15.00%
WLV \| Senior Notes
Debt Instrument [Line Items]
Payment default classification period for interest payment				30 days
WLV \| Senior Notes \| WLV 4 1/4% Senior Notes, due 2023
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount										$ 500,000,000
Debt instrument, interest rate				4.25%						4.25%
WLV \| Senior Notes \| WLV Senior Notes, due 2025 and 2027
Debt Instrument [Line Items]
Principal amount purchased							$ 40,000,000
WLV \| Senior Notes \| WLV 5 1/2% Senior Notes, due 2025
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount									$ 1,800,000,000
Debt instrument, interest rate				5.50%					5.50%
Principal amount purchased							20,000,000
WLV \| Senior Notes \| WLV 5 1/4% Senior Notes, due 2027
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount								$ 900,000,000
Debt instrument, interest rate				5.25%				5.25%
Principal amount purchased							$ 20,000,000

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Option Activity

The summary of stock option activity for the year ended December 31, 2023 is presented below:


	Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
WRL Omnibus Plan
Outstanding as of January 1, 2023	56,269	$	61.14
Granted	—	$	—
Exercised	(32,284)	$	60.89
Forfeited or expired	—	$	—
Outstanding as of December 31, 2023	23,985	$	61.48	1.48	$	710,776
Fully vested and expected to vest as of December 31, 2023	23,985	$	61.48	1.48	$	710,776
Exercisable as of December 31, 2023	23,985	$	61.48	1.48	$	710,776

WML Share Option Plan
Outstanding as of January 1, 2023	33,003,400	$	1.68
Granted	5,017,000	$	0.76
Exercised	—	$	—
Forfeited or expired	(800,000)	$	3.18
Outstanding as of December 31, 2023	37,220,400	$	1.52	6.85	$	1,367,352
Fully vested and expected to vest as of December 31, 2023	37,220,400	$	1.52	6.85	$	1,367,352
Exercisable as of December 31, 2023	19,288,200	$	1.96	5.45	$	210,563

WIL Omnibus Plan
Outstanding as of January 1, 2023	79,883	$	878.27
Granted	—	$	—
Exercised	—	$	—
Forfeited or expired	(12,145)	$	489.23
Outstanding as of December 31, 2023	67,738	$	111.35	6.98	$	—
Fully vested and expected to vest as of December 31, 2023	67,738	$	111.35	6.98	$	—
Exercisable as of December 31, 2023	59,525	$	113.49	6.95	$	—

The following is provided for stock options under the Company's stock-based compensation plans (in thousands, except weighted average grant date fair value):


	Year Ended December 31,
	2023		2022		2021
WRL Omnibus Plan(1)
Weighted average grant date fair value	$	—	$	18.56	$	—

WML Share Option Plan(2)
Weighted average grant date fair value	$	0.25	$	0.26	$	0.26
Intrinsic value of stock options exercised	$	—	$	—	$	—
Cash received from the exercise of stock options	$	—	$	—	$	—

WIL Omnibus Plan(3)
Weighted average grant date fair value	$	—	$	35.36	$	159.51
Intrinsic value of stock options exercised	$	—	$	1,241	$	—

(1)As of December 31, 2023, there was no unamortized compensation expense related to stock options.

(2)As of December 31, 2023, there was $5.0 million of unamortized compensation expense related to stock options, which is expected to be recognized over a weighted average period of 3.18 years.

(3)As of December 31, 2023, there was $1.6 million of unamortized compensation expense related to stock options, which is expected to be recognized over a weighted average period of 0.97 years.

Valuation Assumptions

The fair value of stock options granted under the WRL Omnibus Plan was estimated on the date of grant using the following weighted average assumption:


	Year Ended December 31,
	2023		2022		2021
Expected dividend yield	—	%	—	%	—	%
Expected volatility	—	%	56.9	%	—	%
Risk-free interest rate	—	%	2.7	%	—	%
Expected term (years)	—		1.8		—

The fair value of stock options granted under WML's Share Option Plan was estimated on the date of grant using the following weighted average assumptions:


	Year Ended December 31,
	2023		2022		2021
Expected dividend yield	5.7	%	1.3	%	2.9	%
Expected volatility	53.8	%	45.7	%	46.4	%
Risk-free interest rate	3.6	%	3.2	%	1.1	%
Expected term (years)	6.5		6.5		6.5

The fair value of stock options granted under the WIL Omnibus Plan was estimated on the date of grant using the following weighted average assumptions:


	Year Ended December 31,
	2023		2022		2021
Expected dividend yield	—	%	—	%	—	%
Expected volatility	—	%	47.5	%	50.0	%
Risk-free interest rate	—	%	2.93	%	0.60	%
Expected term (years)	—		5.1		6.3

Nonvested and Performance Nonvested Share Activity

The summary of nonvested and performance nonvested share activity under the Company's stock-based compensation plans for the year ended December 31, 2023 is presented below:


	Shares	Weighted Average Grant Date Fair Value
WRL Omnibus Plan
Nonvested as of January 1, 2023	838,471	$	93.18
Granted	727,522	$	94.13
Vested	(565,079)	$	88.24
Forfeited	(23,256)	$	89.31
Nonvested as of December 31, 2023	977,658	$	96.62

WML Share Award Plan
Nonvested as of January 1, 2023	20,318,446	$	0.97
Granted	6,908,870	$	1.08
Vested	(3,746,630)	$	1.44
Forfeited	(1,148,880)	$	1.07
Nonvested as of December 31, 2023	22,331,806	$	0.92

WIL Omnibus Plan
Nonvested as of January 1, 2023	10,886	$	37.20
Granted	—	$	—
Vested	(1,854)	$	37.07
Forfeited	(6,822)	$	37.31
Nonvested as of December 31, 2023	2,210	$	36.95

Schedule of Stock-Based Compensation Plans

The following is provided for the share awards under the Company's stock-based compensation plans (in thousands, except weighted average grant date fair value):


	Year Ended December 31,
	2023		2022		2021
WRL Omnibus Plan
Weighted average grant date fair value	$	94.13	$	62.34	$	108.68
Fair value of shares vested	$	56,689	$	52,965	$	41,133

WML Share Award Plan
Weighted average grant date fair value	$	1.08	$	0.62	$	1.56
Fair value of shares vested	$	3,941	$	20,547	$	4,771

Schedule of Performance Shares Activity

The summary of PSU activity during the year ended December 31, 2023 is provided below:


	Units	Weighted Average Grant Date Fair Value
Nonvested as of January 1, 2023	—	$	—
Granted	24,910	$	121.70
Vested	—	$	—
Forfeited	—	$	—
Nonvested as of December 31, 2023	24,910	$	121.70

Share-Based Compensation Allocated Costs

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


	Year Ended December 31,
	2023		2022		2021
Casino	$	2,163	$	12,401	$	13,899
Rooms	800		1,252		1,525
Food and beverage	1,636		2,417		3,264
Entertainment, retail and other(1)	8,230		10,964		19,978
General and administrative	51,686		40,593		56,572
Total stock-based compensation expense	64,515		67,627		95,238
Total stock-based compensation capitalized	5,268		3,246		5,058
Total stock-based compensation costs	$	69,783	$	70,873	$	100,296

(1)In 2021, reflects compensation cost of $2.7 million recognized in connection with the vesting of restricted stock performance awards.

Customer Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 433,269	$ 390,531	$ 352,830
Change in outstanding chips and front money deposits	42,738	37,701
Advanced room deposits and ticket sales	89,640	85,019	55,438
Change in advanced room deposits and ticket sales	4,621	29,581
Other gaming related liabilities	24,964	31,265	26,515
Change in other gaming related liabilities	(6,301)	4,750
Loyalty program liabilities	31,106	35,083	34,695
Change in loyalty program liabilities	(3,977)	388
Total customer contract liabilities	578,979	541,898	$ 469,478
Change in total customer contract liabilities	$ 37,081	$ 72,420

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Complementary tax rate	12.00%
Amount of complementary tax exemption		$ 77,400,000
Amount of complementary tax exemption (in dollars per share)		$ 0.69
Payments for annual complementary tax obligation		$ 5,500,000
Increase (decrease) in valuation allowance for deferred tax assets		1,100,000,000	$ (64,100,000)
Tax benefits (loss) realized		2,300,000	700,000	$ 1,900,000
Foreign tax credit carryforwards		1,200,000,000
Disallowed interest carryforwards not subject to expiration		682,300,000
U.S. and foreign uncertain tax positions that increase NOL and foreign tax credit carryforward deferred tax assets		135,700,000	135,900,000	141,500,000
Uncertain tax positions, noncurrent		0	0	0
Unrecognized tax benefits that would impact the effective tax rate if recognized		69,000,000	69,000,000	74,300,000
Recognized interest and penalties		0	0	0
Decrease in unrecognized tax benefits due to expiration of the statute of limitations		16,126,000	14,967,000	10,635,000
FTC Carryforward
Income Taxes
Increase (decrease) in valuation allowance for deferred tax assets		971,700,000
Current Year Utilization
Income Taxes
Increase (decrease) in valuation allowance for deferred tax assets		97,500,000
Expirations During Year
Income Taxes
Increase (decrease) in valuation allowance for deferred tax assets		572,600,000
More Than Likely Not Realized
Income Taxes
Increase (decrease) in valuation allowance for deferred tax assets		301,600,000
Disallowed interest expense carryforwards
Income Taxes
Increase (decrease) in valuation allowance for deferred tax assets		158,000,000
Maximum
Income Taxes
Unrecognized tax benefit increase resulting in tax settlements		1,500,000
Tax Credit Carryforward Expiry In 2024
Income Taxes
Foreign tax credit carryforwards		710,700,000
Tax Credit Carryforward, Expires at 2025
Income Taxes
Foreign tax credit carryforwards		47,200,000
Tax Credit Carryforward, Expires at 2027
Income Taxes
Foreign tax credit carryforwards		486,200,000
Wynn Macau
Income Taxes
Decrease in unrecognized tax benefits due to expiration of the statute of limitations		16,100,000	15,000,000	10,600,000
U.S.
Income Taxes
Foreign tax credit carryforwards		1,244,149,000	1,917,822,000
Tax loss carryforward		624,600,000	417,300,000
Foreign
Income Taxes
Tax loss carryforward		$ 55,100,000	$ 424,200,000	$ 394,100,000

Schedule II- Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II- Valuation and Qualifying Accounts

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


Description	Balance at Beginning of Year		Provision for Credit Losses	Write-offs, Net of Recoveries	Balance at End of Year
Allowance for credit losses:
2023	$	78,842	(3,964)	(34,803)	$	40,075
2022	$	111,319	(7,295)	(25,182)	$	78,842
2021	$	100,329	29,487	(18,497)	$	111,319

Description	Balance at Beginning of Year		Additions	Deductions	Balance at End of Year
Deferred income tax asset valuation allowance:
2023	$	2,437,202	96,623	(1,193,244)	$	1,340,581
2022	$	2,501,263	108,150	(172,211)	$	2,437,202
2021	$	2,986,684	142,058	(627,479)	$	2,501,263

Segment Information - Summary of Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets
Assets	$ 13,996,223	$ 13,415,100	$ 12,530,826
Long-lived assets	8,777,077	8,952,533	9,282,767
Macau
Revenues from External Customers and Long-Lived Assets
Long-lived assets	3,191,134	3,382,284	3,678,236
United States
Revenues from External Customers and Long-Lived Assets
Long-lived assets	5,585,943	5,570,249	5,604,531
Corporate and Other
Revenues from External Customers and Long-Lived Assets
Assets	3,048,530	3,370,101	1,657,149
Operating Segments \| Macau Operations
Revenues from External Customers and Long-Lived Assets
Assets	5,686,650	4,582,141	5,328,858
Operating Segments \| Las Vegas Operations
Revenues from External Customers and Long-Lived Assets
Assets	3,173,247	3,168,597	3,063,897
Operating Segments \| Encore Boston Harbor
Revenues from External Customers and Long-Lived Assets
Assets	2,006,565	2,080,424	2,193,117
Operating Segments \| Wynn Interactive
Revenues from External Customers and Long-Lived Assets
Assets	81,231	213,837	287,805
Wynn Palace \| Operating Segments \| Macau Operations
Revenues from External Customers and Long-Lived Assets
Assets	2,936,264	2,884,073	3,122,424
Wynn Macau \| Operating Segments \| Macau Operations
Revenues from External Customers and Long-Lived Assets
Assets	1,864,211	1,430,051	1,032,521
Other Macau \| Operating Segments \| Macau Operations
Revenues from External Customers and Long-Lived Assets
Assets	$ 886,175	$ 268,017	$ 1,173,913

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt

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


	December 31,
	2023		2022
Macau Related:
WM Cayman II Revolver, due 2025(1)	$	1,497,610	$	1,500,473
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
WML 4 1/2% Convertible Bonds, due 2029(2)	600,000		—

U.S. and Corporate Related:
WRF Credit Facilities(3):
WRF Term Loan, due 2024	73,683		837,500
WRF Term Loan, due 2027	730,692		—
WLV 4 1/4% Senior Notes, due 2023	—		500,000
WLV 5 1/2% Senior Notes, due 2025	1,380,001		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
WRF 5 1/8% Senior Notes, due 2029	750,000		750,000
WRF 7 1/8% Senior Notes, due 2031	600,000		—
Retail Term Loan, due 2025(4)	615,000		615,000
	11,826,986		12,162,973
WML Convertible Bond Conversion Option Derivative	73,744		—
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(162,393)		(46,114)
	11,738,337		12,116,859
Less: Current portion of long-term debt	(709,593)		(547,543)
Total long-term debt, net of current portion	$	11,028,744	$	11,569,316

Scheduled Maturities of Long-Term Debt

Scheduled maturities of long-term debt as of December 31, 2023 were as follows (in thousands):


Years Ending December 31,
2024	$	711,154
2025	3,530,083
2026	1,037,471
2027	2,248,278
2028	1,350,000
Thereafter	2,950,000
	11,826,986
WML Convertible Bond Conversion Option Derivative	73,744
Unamortized debt issuance costs and original issue discounts and premium, net	(162,393)
	$	11,738,337

- 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

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+ Details

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Shares used in Calculation of Earnings Per Share

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


	Year Ended December 31,
	2023		2022		2021
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited - basic	$	729,994	$	(423,856)	$	(755,786)
Effect of dilutive securities of Wynn Resorts, Limited subsidiaries:
Assumed conversion of WML Convertible Bonds	(16,495)		—		—
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$	713,499	$	(423,856)	$	(755,786)

Denominator:
Weighted average common shares outstanding	112,523		113,623		113,760
Potential dilutive effect of stock options, nonvested, and performance nonvested shares	332		—		—
Weighted average common and common equivalent shares outstanding	112,855		113,623		113,760

Net income (loss) attributable to Wynn Resorts, Limited per common share, basic	$	6.49	$	(3.73)	$	(6.64)
Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted	$	6.32	$	(3.73)	$	(6.64)

Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share	238		895		925

Retail Joint Venture (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Mar. 31, 2023 ft²	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 30, 2017 ft²	Dec. 31, 2016 ft²
Variable Interest Entity [Line Items]
Total assets	$ 13,996,223		$ 13,415,100	$ 12,530,826
Total liabilities	15,097,157		15,055,465
Long-term debt	11,738,337		12,116,859
Retail Joint Venture
Variable Interest Entity [Line Items]
Total assets	102,500		102,900
Total liabilities	$ 621,900		620,900
Retail Joint Venture
Variable Interest Entity [Line Items]
Functional area square footage under construction \| ft²		70,000			74,000
Ownership percentage	50.10%
Retail \| Wynn Retail
Variable Interest Entity [Line Items]
Functional area square footage \| ft²						88,000
Retail \| Retail Joint Venture
Variable Interest Entity [Line Items]
Long-term debt	$ 614,100		$ 613,500

Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives of Assets

Purchases of property and equipment are stated at cost, and when placed into service, are depreciated over the estimated

useful lives of the assets using the straight-line method as follows:


			Estimated Useful Life in Years
Buildings and improvements			10 - 45
Land improvements			10 - 45
Furniture, fixtures and equipment			3 - 20
Leasehold interest in land			25
Airplanes			20

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Other Commitments

As of December 31, 2023, the Company was obligated under these arrangements to make future minimum payments as follows (in thousands):


Year Ending December 31,
2024	$	320,474
2025	104,317
2026	43,598
2027	32,326
2028	28,152
Thereafter	110,341
Total minimum payments	$	639,208

Goodwill and Intangible Assets, net - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Intangible Assets
Finite-lived intangible assets, net	$ 302,848	$ 146,336
Indefinite-lived intangible assets	8,397	8,397
Goodwill:
Balance at beginning of year	90,520	129,738
Foreign currency translation	0	(1,457)
Impairment	72,057	37,761
Balance end of period	18,463	90,520
Total intangible assets, net	329,708	245,253
Betbull Acquisition
Goodwill:
Impairment		37,800
Macau Gaming Concession
Intangible Assets
Finite-lived intangible assets, gross	209,199	48,304
Less: accumulated amortization	(20,920)	(48,304)
Finite-lived intangible assets, net	188,279	0
Massachusetts Gaming License
Intangible Assets
Finite-lived intangible assets, gross	117,700	117,700
Less: accumulated amortization	(35,484)	(27,638)
Finite-lived intangible assets, net	82,216	90,062
Other
Intangible Assets
Finite-lived intangible assets, gross	50,154	65,194
Less: accumulated amortization	(17,801)	(8,920)
Finite-lived intangible assets, net	32,353	56,274
Water rights and other
Intangible Assets
Indefinite-lived intangible assets	$ 8,397	$ 8,397

WML Convertible Bond Conversion Option Derivative

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

WML Convertible Bond Conversion Option Derivative

Note 8 - WML Convertible Bond Conversion Option Derivative

An embedded derivative is a feature contained within a contract that affects some or all of the cash flows or the value of other exchanges required by the contract in a manner similar to a derivative instrument. Embedded derivatives are required to be bifurcated and accounted for separately from the host contract and carried at fair value when: (a) the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract; and (b) a separate, freestanding instrument with the same terms would qualify as a derivative instrument. The Company determined that the conversion feature contained within the WML Convertible Bonds is not indexed to WML's equity and, as such, is required to be bifurcated from the debt host contract and accounted for as a free-standing derivative. In accordance with applicable accounting standards, the WML Convertible Bond Conversion Option Derivative will be reported at fair value as of the end of each reporting period, with changes recognized in the statements of operations.

The Company used a binomial lattice model in order to estimate the fair value of the embedded derivative in the WML Convertible Bonds. Inherent in a binomial options pricing model are unobservable (Level 3) inputs and assumptions related to expected share-price volatility, risk-free interest rate, expected term, and dividend yield. The Company estimates the volatility of shares of WML common stock based on historical volatility that matches the expected remaining term to maturity of the WML Convertible Bonds. The risk-free interest rate is based on the Hong Kong and United States benchmark yield curves on the valuation date for a maturity similar to the expected remaining term of the WML Convertible Bonds. The expected life of the WML Convertible Bonds is assumed to be equivalent to their remaining term to maturity. The dividend yield is based on the historical WML dividend rate over the last several years.

The following table sets forth the inputs to the lattice models that were used to value the embedded derivative:


	December 31, 2023			March 2, 2023 (Pricing date)
WML stock price	HK$	6.43		HK$	8.08
Estimated volatility	34.0		%	26.0		%
Risk-free interest rate	3.3		%	4.2		%
Expected term (years)	5.2			6.0
Dividend yield	0.0		%	0.0		%

In connection with the completion of the Offering on March 7, 2023, the Company recognized a debt discount and a corresponding liability for the embedded derivative, based on an estimated fair value of $123.5 million. The debt discount will be amortized to interest expense over the term of the WML Convertible Bonds using the effective interest method. As of December 31, 2023, the estimated fair value of the embedded derivative was a liability of $73.7 million, recorded within Long-term debt within the accompanying Consolidated Balance Sheet. In connection with the change in fair value, the Company recorded a gain of $49.7 million within Change in derivatives fair value in the accompanying Consolidated Statements of Operations for the year ended December 31, 2023.

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income (loss) attributable to Wynn Resorts, Limited - basic	$ 729,994	$ (423,856)	$ (755,786)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (a)
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Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
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-Name Accounting Standards Codification
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Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 78,842	$ 111,319
Provision for credit losses	(3,964)	(7,295)	$ 29,487
Write-offs	(47,611)	(30,100)
Recoveries of receivables previously written-off	12,897	4,987
Effect of exchange rate	(89)	(69)
Balance at end of period	$ 40,075	$ 78,842	$ 111,319

Stock-Based Compensation - Schedule of Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Provided for Stock Options under Stock-Based Compensation Plans
Cash received from the exercise of stock options	$ 1,965,000	$ 0	$ 0
WRL Omnibus Plan
Options
Outstanding as of January 1, 2023	56,269
Granted	0
Exercised	(32,284)
Forfeited or expired	0
Outstanding as of December 31, 2023	23,985	56,269
Fully vested and expected to vest as of December 31, 2023	23,985
Exercisable as of December 31, 2023	23,985
Weighted Average Exercise Price
Outstanding as of January 1, 2023	$ 61.14
Granted	0
Exercised	60.89
Forfeited or expired	0
Outstanding as of December 31, 2023	61.48	$ 61.14
Fully vested and expected to vest as of December 31, 2023	61.48
Exercisable as of December 31, 2023	$ 61.48
Weighted Average Remaining Contractual Term (in years)
Outstanding as of December 31, 2023	1 year 5 months 23 days
Fully vested and expected to vest as of December 31, 2023	1 year 5 months 23 days
Exercisable as of December 31, 2023	1 year 5 months 23 days
Aggregate Intrinsic Value
Outstanding as of December 31, 2023	$ 710,776
Fully vested and expected to vest as of December 31, 2023	710,776
Exercisable as of December 31, 2023	$ 710,776
Provided for Stock Options under Stock-Based Compensation Plans
Weighted average grant date fair value	$ 0	$ 18.56	$ 0
WML Share Option Plan
Options
Outstanding as of January 1, 2023	33,003,400
Granted	5,017,000
Exercised	0
Forfeited or expired	(800,000)
Outstanding as of December 31, 2023	37,220,400	33,003,400
Fully vested and expected to vest as of December 31, 2023	37,220,400
Exercisable as of December 31, 2023	19,288,200
Weighted Average Exercise Price
Outstanding as of January 1, 2023	$ 1.68
Granted	0.76
Exercised	0
Forfeited or expired	3.18
Outstanding as of December 31, 2023	1.52	$ 1.68
Fully vested and expected to vest as of December 31, 2023	1.52
Exercisable as of December 31, 2023	$ 1.96
Weighted Average Remaining Contractual Term (in years)
Outstanding as of December 31, 2023	6 years 10 months 6 days
Fully vested and expected to vest as of December 31, 2023	6 years 10 months 6 days
Exercisable as of December 31, 2023	5 years 5 months 12 days
Aggregate Intrinsic Value
Outstanding as of December 31, 2023	$ 1,367,352
Fully vested and expected to vest as of December 31, 2023	1,367,352
Exercisable as of December 31, 2023	$ 210,563
Provided for Stock Options under Stock-Based Compensation Plans
Weighted average grant date fair value	$ 0.25	$ 0.26	$ 0.26
Intrinsic value of stock options exercised	$ 0	$ 0	$ 0
Cash received from the exercise of stock options	0	$ 0	$ 0
Unrecognized compensation, stock options	$ 5,000,000
Unrecognized compensation cost, weighted average period	3 years 2 months 4 days
WIL Omnibus Plan
Options
Outstanding as of January 1, 2023	79,883
Granted	0
Exercised	0
Forfeited or expired	(12,145)
Outstanding as of December 31, 2023	67,738	79,883
Fully vested and expected to vest as of December 31, 2023	67,738
Exercisable as of December 31, 2023	59,525
Weighted Average Exercise Price
Outstanding as of January 1, 2023	$ 878.27
Granted	0
Exercised	0
Forfeited or expired	489.23
Outstanding as of December 31, 2023	111.35	$ 878.27
Fully vested and expected to vest as of December 31, 2023	111.35
Exercisable as of December 31, 2023	$ 113.49
Weighted Average Remaining Contractual Term (in years)
Outstanding as of December 31, 2023	6 years 11 months 23 days
Fully vested and expected to vest as of December 31, 2023	6 years 11 months 23 days
Exercisable as of December 31, 2023	6 years 11 months 12 days
Aggregate Intrinsic Value
Outstanding as of December 31, 2023	$ 0
Fully vested and expected to vest as of December 31, 2023	0
Exercisable as of December 31, 2023	$ 0
Provided for Stock Options under Stock-Based Compensation Plans
Weighted average grant date fair value	$ 0	$ 35.36	$ 159.51
Intrinsic value of stock options exercised	$ 0	$ 1,241,000	$ 0
Unrecognized compensation, stock options	$ 1,600,000
Unrecognized compensation cost, weighted average period	11 months 19 days

Property and Equipment, net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

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


	December 31,
	2023		2022
Buildings and improvements	$	8,459,085	$	8,363,427
Land and improvements	1,228,652		1,195,717
Furniture, fixtures and equipment	3,311,478		3,165,659
Airplanes	110,623		110,623
Construction in progress	162,592		112,034
	13,272,430		12,947,460
Less: accumulated depreciation	(6,583,951)		(6,051,400)
	$	6,688,479	$	6,896,060

As of December 31, 2023 and 2022, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties.

Depreciation expense for the years ended December 31, 2023, 2022 and 2021 was $625.0 million, $652.1 million, and $685.7 million, respectively.

Encore Boston Harbor Real Estate Sale

Upon closing of the EBH Transaction in December 2022, the Company received cash proceeds of approximately $1.70 billion in exchange for the sale of certain real estate assets associated with Encore Boston Harbor. In connection with the sale, the Company recognized a gain of $182.0 million in the fourth quarter of 2022.

Macau Operations Property Transfer Agreements

In December 2022, in accordance with the requirements of the Macau Gaming Law, Wynn Macau SA and Palo Real Estate Company Limited ("Palo"), a subsidiary of Wynn Macau SA, entered into agreements (collectively, the "Property Transfer Agreements") with the Macau government, pursuant to which Wynn Macau SA and Palo transferred the casino areas and gaming equipment of the Company's Macau Operations to the Macau government without compensation on December 31, 2022, and the Macau government agreed to transfer such casino areas and gaming equipment back to Wynn Macau SA as of January 1, 2023, for its use in the operation of games of chance at Wynn Macau and Wynn Palace as permitted under the Gaming Concession Contract through December 31, 2032. In exchange for the use of such assets, Wynn Macau SA has agreed to pay the Macau government an annual amount of MOP53.1 million (approximately $6.6 million) during each of the years ending December 31, 2023, 2024, and 2025, and an annual amount of MOP177.0 million (approximately $22.0 million) during each of the remaining years of the term of the Gaming Concession Contract through December 31, 2032, subject to adjustment

in each year based on the average price index in Macau. As the Company expects to continue to operate the casino areas and gaming equipment at its Macau Operations in the same manner as under the previous concession, obtain substantially all of the economic benefits, and bear all of the risks arising from the use of these assets, and believes it will be awarded a new concession upon the expiration of the Gaming Concession Contract, the Company will continue to recognize the casino areas and gaming equipment as property and equipment over their remaining estimated useful lives. Pursuant to the Gaming Concession Contract, Wynn Macau SA will revert to the Macau government the casino areas and gaming equipment, without compensation and free of encumbrance, upon the rescission or termination of the gaming concession on December 31, 2032.

WML Convertible Bond Conversion Option Derivative - Valuation Techniques for Embedded Derivative (Details)	Dec. 31, 2023	Mar. 02, 2023
WML stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	6.43	8.08
Estimated volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.340	0.260
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.033	0.042
Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	5.2	6.0
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.000	0.000

Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Lessee Arrangements

The following table summarizes the balance sheet classification of the Company's lease assets and liabilities (in thousands):


		December 31,
	Balance Sheet Classification	2023		2022
Assets
Operating leases	Operating lease assets	$	1,832,896	$	1,853,164
Finance leases	Property and equipment, net	$	43,078	$	52,848

Current liabilities
Operating leases	Other accrued liabilities	$	9,295	$	9,905
Finance leases	Other accrued liabilities	$	13,412	$	18,416

Non-current liabilities
Operating leases	Long-term operating lease liabilities	$	1,631,749	$	1,615,157
Finance leases	Other long-term liabilities	$	24,028	$	29,407

The following tables disclose the components of the Company's lease cost, supplemental cash flow disclosures, and other information regarding the Company's lease arrangements (in thousands):


	Year Ended December 31,
	2023		2022		2021
Lease cost:
Operating lease cost	$	17,173	$	18,321	$	22,878
Triple-net operating lease cost related to Encore Boston Harbor	141,722		11,773		—
Short-term lease cost	27,468		21,060		16,224
Amortization of leasehold interests in land	13,666		13,728		13,862
Variable lease cost	1,868		1,081		911
Finance lease interest cost	2,363		2,131		2,216
Total lease cost	$	204,260	$	68,094	$	56,091


	Year Ended December 31,
	2023		2022		2021
Supplemental cash flow disclosures:
Operating lease liabilities arising from obtaining operating lease assets	$	26,657	$	1,519,628	$	3,761
Finance lease liabilities arising from obtaining finance lease assets	$	8,842	$	5,906	$	7,423
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities - Operating leases	$	139,054	$	26,094	$	21,404
Cash used in financing activities - Finance leases	$	19,267	$	18,188	$	15,658


	Year Ended December 31,
	2023		2022		2021
Other information:
Weighted-average remaining lease term - Operating leases	30.1 years		31.1 years		46.5 years
Weighted-average remaining lease term - Finance leases	19.7 years		16.0 years		14.0 years

Weighted-average discount rate - Operating leases	8.0	%	8.0	%	6.6	%
Weighted-average discount rate - Finance leases	5.8	%	5.0	%	4.7	%

The following table presents an analysis of lease liability maturities as of December 31, 2023 (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2024	$	142,219	$	15,064
2025	142,674		4,348
2026	142,954		4,016
2027	145,444		2,551
2028	146,561		989
Thereafter	3,836,365		61,796
Total undiscounted cash flows	$	4,556,217	$	88,764
Present value
Short-term lease liabilities	$	9,295	$	13,412
Long-term lease liabilities	1,631,749		24,028
Total lease liabilities	$	1,641,044	$	37,440
Interest on lease liabilities	$	2,915,173	$	51,324

Encore Boston Harbor Lease

The Company leases the real estate assets of Encore Boston Harbor pursuant to a triple-net operating lease agreement with an initial term of 30 years from December 2022 to November 2052, which may be renewed for one additional thirty-year term. The lease has an initial base rent of $100 million per year, which increases at a fixed rate of 1.75% per year for the first ten years and the greater of 1.75% or change in consumer price index, subject to a cap of 2.5%, each year for the remaining term of the lease. In addition, certain fixed payments in lieu of taxes ("PILOT") made on behalf of the lessor are included in lease payments for the purpose of measuring the associated operating lease assets and liabilities.

The lease payments, inclusive of PILOT payments, are $124.1 million in 2024, $126.4 million in 2025, $128.8 million in 2026, $131.3 million in 2027, $133.7 million in 2028, and $3.43 billion thereafter. At December 31, 2023, the total liability associated with the lease was $1.51 billion.

Ground Leases

Undeveloped Land - Las Vegas

The Company leases approximately 16 acres of undeveloped land on Las Vegas Boulevard directly across from Wynn Las Vegas in Las Vegas, Nevada, pursuant to a lease agreement which expires in 2097. The ground lease payments, which increase at a fixed rate over the term of the lease, are $4.0 million per year from 2024 to 2028 and total payments of $347.8 million thereafter. As of December 31, 2023 and 2022, the liability associated with this lease was $64.8 million and $64.3 million, respectively.

At December 31, 2023 and 2022, operating lease assets included approximately $82.5 million and $83.6 million, respectively, related to an amount allocated to the leasehold interest in land upon the acquisition of a group of assets in 2018.

The Company expects that the amortization of this amount will be $1.1 million each year from 2024 through 2096 and $0.7 million in 2097.

Macau Land Concessions

Wynn Palace and Wynn Macau were built on land that is leased under Macau land concession contracts each with terms of 25 years from May 2012 and August 2004, respectively, which may be renewed with government approval for successive 10-year periods in accordance with Macau legislation. The land concession payments are expected to be $1.5 million per year through 2028 and total payments of $8.4 million thereafter through 2037. At December 31, 2023 and 2022, the total liability associated with these leases was $10.4 million and $13.6 million, respectively.

At December 31, 2023 and 2022, operating lease assets included $141.2 million and $154.1 million of leasehold interests in land related to the Wynn Palace and Wynn Macau land concessions. The Company expects that the amortization associated with these leasehold interests will be approximately $12.5 million per year from 2024 through 2028 and approximately $9.3 million per year thereafter through 2037.

Lessor Arrangements

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


	Year Ended December 31,
	2023		2022		2021
Minimum rental income	$	131,901	$	126,226	$	104,860
Contingent rental income	96,831		62,586		97,521
Total rental income	$	228,732	$	188,812	$	202,381

The following table presents the future minimum rentals to be received under operating leases (in thousands):


Year Ending December 31,	Operating Leases
2024	$	135,414
2025	120,675
2026	87,482
2027	69,912
2028	42,834
Thereafter	65,961
Total future minimum rentals	$	522,278

Leases

Lessee Arrangements

The following table summarizes the balance sheet classification of the Company's lease assets and liabilities (in thousands):


		December 31,
	Balance Sheet Classification	2023		2022
Assets
Operating leases	Operating lease assets	$	1,832,896	$	1,853,164
Finance leases	Property and equipment, net	$	43,078	$	52,848

Current liabilities
Operating leases	Other accrued liabilities	$	9,295	$	9,905
Finance leases	Other accrued liabilities	$	13,412	$	18,416

Non-current liabilities
Operating leases	Long-term operating lease liabilities	$	1,631,749	$	1,615,157
Finance leases	Other long-term liabilities	$	24,028	$	29,407

The following tables disclose the components of the Company's lease cost, supplemental cash flow disclosures, and other information regarding the Company's lease arrangements (in thousands):


	Year Ended December 31,
	2023		2022		2021
Lease cost:
Operating lease cost	$	17,173	$	18,321	$	22,878
Triple-net operating lease cost related to Encore Boston Harbor	141,722		11,773		—
Short-term lease cost	27,468		21,060		16,224
Amortization of leasehold interests in land	13,666		13,728		13,862
Variable lease cost	1,868		1,081		911
Finance lease interest cost	2,363		2,131		2,216
Total lease cost	$	204,260	$	68,094	$	56,091


	Year Ended December 31,
	2023		2022		2021
Supplemental cash flow disclosures:
Operating lease liabilities arising from obtaining operating lease assets	$	26,657	$	1,519,628	$	3,761
Finance lease liabilities arising from obtaining finance lease assets	$	8,842	$	5,906	$	7,423
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities - Operating leases	$	139,054	$	26,094	$	21,404
Cash used in financing activities - Finance leases	$	19,267	$	18,188	$	15,658


	Year Ended December 31,
	2023		2022		2021
Other information:
Weighted-average remaining lease term - Operating leases	30.1 years		31.1 years		46.5 years
Weighted-average remaining lease term - Finance leases	19.7 years		16.0 years		14.0 years

Weighted-average discount rate - Operating leases	8.0	%	8.0	%	6.6	%
Weighted-average discount rate - Finance leases	5.8	%	5.0	%	4.7	%

The following table presents an analysis of lease liability maturities as of December 31, 2023 (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2024	$	142,219	$	15,064
2025	142,674		4,348
2026	142,954		4,016
2027	145,444		2,551
2028	146,561		989
Thereafter	3,836,365		61,796
Total undiscounted cash flows	$	4,556,217	$	88,764
Present value
Short-term lease liabilities	$	9,295	$	13,412
Long-term lease liabilities	1,631,749		24,028
Total lease liabilities	$	1,641,044	$	37,440
Interest on lease liabilities	$	2,915,173	$	51,324

Encore Boston Harbor Lease

Ground Leases

Undeveloped Land - Las Vegas

The Company expects that the amortization of this amount will be $1.1 million each year from 2024 through 2096 and $0.7 million in 2097.

Macau Land Concessions

Lessor Arrangements

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


	Year Ended December 31,
	2023		2022		2021
Minimum rental income	$	131,901	$	126,226	$	104,860
Contingent rental income	96,831		62,586		97,521
Total rental income	$	228,732	$	188,812	$	202,381

The following table presents the future minimum rentals to be received under operating leases (in thousands):


Year Ending December 31,	Operating Leases
2024	$	135,414
2025	120,675
2026	87,482
2027	69,912
2028	42,834
Thereafter	65,961
Total future minimum rentals	$	522,278

Leases

Lessee Arrangements

The following table summarizes the balance sheet classification of the Company's lease assets and liabilities (in thousands):


		December 31,
	Balance Sheet Classification	2023		2022
Assets
Operating leases	Operating lease assets	$	1,832,896	$	1,853,164
Finance leases	Property and equipment, net	$	43,078	$	52,848

Current liabilities
Operating leases	Other accrued liabilities	$	9,295	$	9,905
Finance leases	Other accrued liabilities	$	13,412	$	18,416

Non-current liabilities
Operating leases	Long-term operating lease liabilities	$	1,631,749	$	1,615,157
Finance leases	Other long-term liabilities	$	24,028	$	29,407

The following tables disclose the components of the Company's lease cost, supplemental cash flow disclosures, and other information regarding the Company's lease arrangements (in thousands):


	Year Ended December 31,
	2023		2022		2021
Lease cost:
Operating lease cost	$	17,173	$	18,321	$	22,878
Triple-net operating lease cost related to Encore Boston Harbor	141,722		11,773		—
Short-term lease cost	27,468		21,060		16,224
Amortization of leasehold interests in land	13,666		13,728		13,862
Variable lease cost	1,868		1,081		911
Finance lease interest cost	2,363		2,131		2,216
Total lease cost	$	204,260	$	68,094	$	56,091


	Year Ended December 31,
	2023		2022		2021
Supplemental cash flow disclosures:
Operating lease liabilities arising from obtaining operating lease assets	$	26,657	$	1,519,628	$	3,761
Finance lease liabilities arising from obtaining finance lease assets	$	8,842	$	5,906	$	7,423
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities - Operating leases	$	139,054	$	26,094	$	21,404
Cash used in financing activities - Finance leases	$	19,267	$	18,188	$	15,658


	Year Ended December 31,
	2023		2022		2021
Other information:
Weighted-average remaining lease term - Operating leases	30.1 years		31.1 years		46.5 years
Weighted-average remaining lease term - Finance leases	19.7 years		16.0 years		14.0 years

Weighted-average discount rate - Operating leases	8.0	%	8.0	%	6.6	%
Weighted-average discount rate - Finance leases	5.8	%	5.0	%	4.7	%

The following table presents an analysis of lease liability maturities as of December 31, 2023 (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2024	$	142,219	$	15,064
2025	142,674		4,348
2026	142,954		4,016
2027	145,444		2,551
2028	146,561		989
Thereafter	3,836,365		61,796
Total undiscounted cash flows	$	4,556,217	$	88,764
Present value
Short-term lease liabilities	$	9,295	$	13,412
Long-term lease liabilities	1,631,749		24,028
Total lease liabilities	$	1,641,044	$	37,440
Interest on lease liabilities	$	2,915,173	$	51,324

Encore Boston Harbor Lease

Ground Leases

Undeveloped Land - Las Vegas

The Company expects that the amortization of this amount will be $1.1 million each year from 2024 through 2096 and $0.7 million in 2097.

Macau Land Concessions

Lessor Arrangements

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


	Year Ended December 31,
	2023		2022		2021
Minimum rental income	$	131,901	$	126,226	$	104,860
Contingent rental income	96,831		62,586		97,521
Total rental income	$	228,732	$	188,812	$	202,381

The following table presents the future minimum rentals to be received under operating leases (in thousands):


Year Ending December 31,	Operating Leases
2024	$	135,414
2025	120,675
2026	87,482
2027	69,912
2028	42,834
Thereafter	65,961
Total future minimum rentals	$	522,278

Property and Equipment, net Property and Equipment, net - Narrative (Details) $ in Thousands, MOP$ in Millions		3 Months Ended	12 Months Ended
	Dec. 01, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 MOP (MOP$)
Property, Plant and Equipment [Line Items]
Depreciation			$ 625,000	$ 652,100	$ 685,700
Proceeds from EBH Transaction	$ 1,700,000		0	1,700,000	0
Gain on EBH Transaction, net			0	$ 181,989	$ 0
Macau Gaming Concession \| Wynn Macau SA
Property, Plant and Equipment [Line Items]
2023 to 2025			6,600			MOP$ 53.1
2026 to 2032			$ 22,000			MOP$ 177.0
Encore Boston Harbor
Property, Plant and Equipment [Line Items]
Proceeds from EBH Transaction	$ 1,700,000
Gain on EBH Transaction, net		$ 182,000

Segment Information - Summary of Results of Operations by Segment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Total operating revenues		$ 6,531,897	$ 3,756,825	$ 3,763,664
Adjusted Property EBITDAR		2,114,943	725,387	569,441
Other operating expenses
Pre-opening		9,468	20,643	6,821
Depreciation and amortization		687,270	692,318	715,962
Gain on EBH Transaction, net		0	(181,989)	0
Property charges and other		130,877	65,116	40,508
Corporate expenses and other		146,430	102,539	95,199
Stock-based compensation		64,515	67,627	95,238
Triple-net operating lease cost related to Encore Boston Harbor		141,722	11,773	0
Total other operating expenses		1,274,772	826,063	963,982
Operating income (loss)		840,171	(100,676)	(394,541)
Other non-operating income and expenses
Interest income		175,785	29,758	3,213
Interest expense, net of amounts capitalized		(751,509)	(650,885)	(605,562)
Change in derivatives fair value		45,098	15,956	11,360
Loss on debt financing transactions		(12,683)	0	(2,060)
Other		(11,479)	5,811	(23,926)
Other expense, net		(554,788)	(599,360)	(616,975)
Income (loss) before income taxes		285,383	(700,036)	(1,011,516)
Benefit (provision) for income taxes		496,834	(9,332)	(474)
Net income (loss)		782,217	(709,368)	(1,011,990)
Net income attributable to noncontrolling interest		52,223	(285,512)	(256,204)
Net income (loss) attributable to Wynn Resorts, Limited		729,994	(423,856)	(755,786)
Project abandonment costs, contract termination liabilities		94,900
Casino
Segment Reporting Information
Total operating revenues		3,718,402	1,632,541	2,133,420
Rooms
Segment Reporting Information
Total operating revenues		1,185,671	802,138	592,571
Food and Beverage
Segment Reporting Information
Total operating revenues		1,028,637	846,214	633,911
Entertainment, retail and other
Segment Reporting Information
Total operating revenues		599,187	475,932	403,762
Encore Boston Harbor
Other operating expenses
Gain on EBH Transaction, net	$ (182,000)
Operating Segments \| Macau Operations
Segment Reporting Information
Total operating revenues		3,100,378	721,538	1,509,022
Adjusted Property EBITDAR		953,937	(220,604)	95,855
Operating Segments \| Las Vegas Operations
Segment Reporting Information
Total operating revenues		2,480,606	2,132,136	1,503,681
Adjusted Property EBITDAR		946,243	801,095	530,878
Operating Segments \| Las Vegas Operations \| Casino
Segment Reporting Information
Total operating revenues		628,185	535,279	426,440
Operating Segments \| Las Vegas Operations \| Rooms
Segment Reporting Information
Total operating revenues		784,385	651,291	425,777
Operating Segments \| Las Vegas Operations \| Food and Beverage
Segment Reporting Information
Total operating revenues		770,401	702,515	489,587
Operating Segments \| Las Vegas Operations \| Entertainment, retail and other
Segment Reporting Information
Total operating revenues		297,635	243,051	161,877
Operating Segments \| Encore Boston Harbor
Segment Reporting Information
Total operating revenues		865,786	831,073	691,523
Adjusted Property EBITDAR		257,409	243,386	210,068
Operating Segments \| Encore Boston Harbor \| Casino
Segment Reporting Information
Total operating revenues		648,668	624,738	552,064
Operating Segments \| Encore Boston Harbor \| Rooms
Segment Reporting Information
Total operating revenues		90,195	85,078	47,280
Operating Segments \| Encore Boston Harbor \| Food and Beverage
Segment Reporting Information
Total operating revenues		85,653	82,818	63,919
Operating Segments \| Encore Boston Harbor \| Entertainment, retail and other
Segment Reporting Information
Total operating revenues		41,270	38,439	28,260
Operating Segments \| Wynn Interactive
Segment Reporting Information
Total operating revenues		85,127	72,078	59,438
Operating Segments \| Wynn Interactive \| Entertainment, retail and other
Segment Reporting Information
Total operating revenues		85,127	72,078	59,438
Operating Segments \| Wynn Palace \| Macau Operations
Segment Reporting Information
Total operating revenues		1,886,844	410,289	883,007
Adjusted Property EBITDAR		615,846	(96,557)	91,646
Operating Segments \| Wynn Palace \| Macau Operations \| Casino
Segment Reporting Information
Total operating revenues		1,471,280	255,886	677,917
Operating Segments \| Wynn Palace \| Macau Operations \| Rooms
Segment Reporting Information
Total operating revenues		201,783	40,079	69,022
Operating Segments \| Wynn Palace \| Macau Operations \| Food and Beverage
Segment Reporting Information
Total operating revenues		104,566	35,546	47,985
Operating Segments \| Wynn Palace \| Macau Operations \| Entertainment, retail and other
Segment Reporting Information
Total operating revenues		109,215	78,778	88,083
Operating Segments \| Wynn Macau \| Macau Operations
Segment Reporting Information
Total operating revenues		1,213,534	311,249	626,015
Adjusted Property EBITDAR		338,091	(124,047)	4,209
Operating Segments \| Wynn Macau \| Macau Operations \| Casino
Segment Reporting Information
Total operating revenues		970,269	216,639	476,999
Operating Segments \| Wynn Macau \| Macau Operations \| Rooms
Segment Reporting Information
Total operating revenues		109,308	25,691	50,492
Operating Segments \| Wynn Macau \| Macau Operations \| Food and Beverage
Segment Reporting Information
Total operating revenues		68,017	25,334	32,420
Operating Segments \| Wynn Macau \| Macau Operations \| Entertainment, retail and other
Segment Reporting Information
Total operating revenues		65,940	43,585	66,104
Corporate and other
Segment Reporting Information
Adjusted Property EBITDAR		$ (42,646)	$ (98,490)	$ (267,360)

Property and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

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


	December 31,
	2023		2022
Buildings and improvements	$	8,459,085	$	8,363,427
Land and improvements	1,228,652		1,195,717
Furniture, fixtures and equipment	3,311,478		3,165,659
Airplanes	110,623		110,623
Construction in progress	162,592		112,034
	13,272,430		12,947,460
Less: accumulated depreciation	(6,583,951)		(6,051,400)
	$	6,688,479	$	6,896,060

Leases - Maturity Analysis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 142,219
2025	142,674
2026	142,954
2027	145,444
2028	146,561
Thereafter	3,836,365
Total undiscounted cash flows	4,556,217
Short-term lease liabilities	9,295	$ 9,905
Long-term lease liabilities	1,631,749	1,615,157
Total lease liabilities	1,641,044
Interest on lease liabilities	2,915,173
Finance Leases
2024	15,064
2025	4,348
2026	4,016
2027	2,551
2028	989
Thereafter	61,796
Total undiscounted cash flows	88,764
Short-term lease liabilities	13,412	18,416
Long-term lease liabilities	24,028	$ 29,407
Total lease liabilities	37,440
Interest on lease liabilities	$ 51,324

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Consolidated Income Loss Before Taxes for Domestic and Foreign

Consolidated income (loss) before taxes for United States ("U.S.") and foreign operations consisted of the following (in thousands):


	Year Ended December 31,
	2023		2022		2021
United States	$	142,775	$	339,513	$	(264,323)
Foreign	142,608		(1,039,549)		(747,193)
Total	$	285,383	$	(700,036)	$	(1,011,516)

Provision (Benefit) for Income Taxes

The income tax provision (benefit) attributable to income before income taxes is as follows (in thousands):


	December 31,
	2023		2022		2021
Current
U.S. Federal	$	(248)	$	825	$	—
U.S. State	6,337		2,882		—
Foreign	(194)		2,510		2,746
Total	5,895		6,217		2,746
Deferred
U.S. Federal	(483,786)		1,450		(176)
U.S. State	(20,310)		1,674		(20)
Foreign	1,367		(9)		(2,076)
Total	(502,729)		3,115		(2,272)
Total income tax provision (benefit)	$	(496,834)	$	9,332	$	474

Income Taxes (Federal Statutory Corporate Tax Rate)

The reconciliation of the U.S. federal statutory tax rate to the actual tax rate is as follows:


	December 31,
	2023		2022		2021
U.S. Federal statutory rate	21.0	%	21.0	%	21.0	%
State tax	(2.8)	%	0.3	%	1.6	%
Foreign tax credits, net of valuation allowance	(139.8)	%	12.5	%	0.7	%
Non-taxable foreign income	(9.6)	%	(5.7)	%	(3.0)	%
Foreign tax rate differential	0.4	%	(17.0)	%	(9.4)	%
Valuation allowance, other	(43.8)	%	(3.1)	%	(6.8)	%
Other, net	0.5	%	(9.3)	%	(4.1)	%
Effective income tax rate	(174.1)	%	(1.3)	%	—	%

Net Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences representing net deferred tax assets and liabilities consisted of the following (in thousands):


	December 31,
	2023		2022
Deferred tax assets—U.S.:
Foreign tax credit carryforwards	$	1,244,149	$	1,917,822
Disallowed interest expense carryforward	156,224		164,676
Net operating loss carryforward	160,778		107,407
Lease liability	371,032		366,519
Property and equipment	50,903		15,220
Receivables, inventories, accrued liabilities and other	21,854		16,610
Stock-based compensation	9,984		8,332
Other tax credit carryforwards	19,813		11,289
Intangibles and related other	41,914		25,423
Other	—		5,849
	2,076,651		2,639,147
Less: valuation allowance	(1,172,982)		(2,253,912)
	903,669		385,235
Deferred tax liabilities—U.S.:
Leased asset	(371,032)		(366,519)
Prepaid insurance, maintenance and taxes	(16,186)		(14,138)
Property and equipment	—		(194)
Other	(15,584)		(7,612)
	(402,802)		(388,463)
Deferred tax assets—Foreign:
Net operating loss carryforwards	78,842		109,114
Property and equipment	87,849		74,439
Other	3,275		3,688
	169,966		187,241
Less: valuation allowance	(167,599)		(183,290)
	2,367		3,951
Deferred tax liabilities—Foreign:
Property and equipment	(2,357)		(2,628)
	(2,357)		(2,628)

Net deferred tax asset (liability)	$	500,877	$	(1,905)

Summary of Valuation Allowances

As of December 31, 2023 and 2022, the Company had valuation allowances provided on its deferred tax assets as follows (in thousands):


	December 31,
	2023		2022
Foreign tax credits	$	941,249	$	1,912,955
Disallowed interest expense carryforwards	—		157,990
Intangible assets	46,084		27,164
U.S. loss carryforwards	160,778		107,407
Other U.S. deferred tax assets	24,872		48,396
Foreign loss carryforwards	80,569		109,283
Other foreign deferred tax assets	87,029		74,007
Total	$	1,340,581	$	2,437,202

Reconciliation of Unrecognized Tax Benefits

The Company had the following activity for unrecognized tax benefits as follows (in thousands):


	December 31,
	2023		2022		2021
Balance at beginning of period	$	135,979	$	141,515	$	107,661
Increases based on tax positions of the current year	15,818		12,068		14,079
Increases based on tax positions of prior years	—		—		66,043
Reductions based on tax positions of prior years	—		(2,637)		(35,633)
Reductions due to lapse in statutes of limitations	(16,126)		(14,967)		(10,635)
Balance at end of period	$	135,671	$	135,979	$	141,515

Goodwill and Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill and intangible assets, net consisted of the following (in thousands):


	December 31,
	2023		2022
Finite-lived intangible assets:
Macau gaming concession	$	209,199	$	48,304
Less: accumulated amortization	(20,920)		(48,304)
	188,279		—

Massachusetts gaming license	117,700		117,700
Less: accumulated amortization	(35,484)		(27,638)
	82,216		90,062

Other finite-lived intangible assets	50,154		65,194
Less: accumulated amortization	(17,801)		(8,920)
	32,353		56,274

Total finite-lived intangible assets	302,848		146,336

Indefinite-lived intangible assets:
Water rights and other	8,397		8,397
Total indefinite-lived intangible assets	8,397		8,397

Goodwill:
Balance at beginning of year	90,520		129,738
Foreign currency translation	—		(1,457)
Impairment	(72,057)		(37,761)
Balance end of period	18,463		90,520

Total goodwill and intangible assets, net	$	329,708	$	245,253

Indefinite-Lived Intangible Assets

Goodwill and intangible assets, net consisted of the following (in thousands):


	December 31,
	2023		2022
Finite-lived intangible assets:
Macau gaming concession	$	209,199	$	48,304
Less: accumulated amortization	(20,920)		(48,304)
	188,279		—

Massachusetts gaming license	117,700		117,700
Less: accumulated amortization	(35,484)		(27,638)
	82,216		90,062

Other finite-lived intangible assets	50,154		65,194
Less: accumulated amortization	(17,801)		(8,920)
	32,353		56,274

Total finite-lived intangible assets	302,848		146,336

Indefinite-lived intangible assets:
Water rights and other	8,397		8,397
Total indefinite-lived intangible assets	8,397		8,397

Goodwill:
Balance at beginning of year	90,520		129,738
Foreign currency translation	—		(1,457)
Impairment	(72,057)		(37,761)
Balance end of period	18,463		90,520

Total goodwill and intangible assets, net	$	329,708	$	245,253

Finite-Lived Intangible Assets

Goodwill and intangible assets, net consisted of the following (in thousands):


	December 31,
	2023		2022
Finite-lived intangible assets:
Macau gaming concession	$	209,199	$	48,304
Less: accumulated amortization	(20,920)		(48,304)
	188,279		—

Massachusetts gaming license	117,700		117,700
Less: accumulated amortization	(35,484)		(27,638)
	82,216		90,062

Other finite-lived intangible assets	50,154		65,194
Less: accumulated amortization	(17,801)		(8,920)
	32,353		56,274

Total finite-lived intangible assets	302,848		146,336

Indefinite-lived intangible assets:
Water rights and other	8,397		8,397
Total indefinite-lived intangible assets	8,397		8,397

Goodwill:
Balance at beginning of year	90,520		129,738
Foreign currency translation	—		(1,457)
Impairment	(72,057)		(37,761)
Balance end of period	18,463		90,520

Total goodwill and intangible assets, net	$	329,708	$	245,253

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Stockholders' Deficit (Details) - USD ($)	3 Months Ended			12 Months Ended
Stockholders' Deficit (Details) - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 07, 2024	May 10, 2023	Apr. 03, 2023	Mar. 06, 2023	Mar. 02, 2023
Equity, Class of Treasury Stock
Net cost for common stock purchased				$ 212,454,000	$ 187,499,000	$ 13,842,000
Dividend paid (in dollars per share)	$ 0.25
Common stock, shares authorized (in shares)	400,000,000			400,000,000	400,000,000
Common stock, shares issued (in shares)	132,998,916			132,998,916	132,256,185
Common stock, shares outstanding (in shares)	111,737,245			111,737,245	113,369,439
Decrease from distributions to noncontrolling interest				$ 22,578,000	$ 27,744,000	$ 18,761,000
Additional paid-in capital	$ 3,647,161,000			3,647,161,000	$ 3,583,923,000
Crown Acquisitions Inc. \| Retail Joint Venture
Equity, Class of Treasury Stock
Proceeds from real estate joint ventures				50,000,000
Additional paid-in capital	$ 48,600,000			48,600,000
Contribution from noncontrolling interest				$ 1,500,000
Goldman Sachs International \| Securities Lending Agreement \| WM Cayman I
Equity, Class of Treasury Stock
Common stock, shares authorized (in shares)											459,774,985
Common stock, shares issued (in shares)										459,774,985
Common stock, returned (in shares)									280,000,000
Common stock, shares outstanding (in shares)								179,774,985
Wynn Palace and Wynn Macau
Equity, Class of Treasury Stock
Percentage of ownership	72.00%			72.00%
Wynn Resorts Ltd. \| Crown Acquisitions Inc. \| Retail Joint Venture
Equity, Class of Treasury Stock
Percentage of ownership	49.90%			49.90%
Subsequent Event
Equity, Class of Treasury Stock
Dividends payable (in dollars per share)							$ 0.25
Dividend Paid \| Accumulated deficit
Equity, Class of Treasury Stock
Cash dividends declared, recorded as reduction of retained earnings	$ 28,400,000	$ 28,200,000	$ 28,500,000
April 2016 Equity Repurchase Program
Equity, Class of Treasury Stock
Authorized amount under repurchase program	1,000,000,000			$ 1,000,000,000
Stock repurchases (in shares)				2,206,573	2,956,331
Stock repurchases (in dollars per share)				$ 88.61	$ 57.95
Net cost for common stock purchased				$ 195,500,000	$ 171,300,000
Repurchase authority remaining under the program	$ 433,400,000			$ 433,400,000

Stock-Based Compensation - Schedule of Allocated Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Stock-based compensation expense	$ 64,515	$ 67,627	$ 95,238
Total stock-based compensation capitalized	5,268	3,246	5,058
Total stock-based compensation costs	69,783	70,873	100,296
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Total stock-based compensation costs	8,000	6,600	9,300
Entertainment, retail and other \| Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Stock-based compensation expense			2,700
Casino
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Stock-based compensation expense	2,163	12,401	13,899
Rooms
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Stock-based compensation expense	800	1,252	1,525
Food and Beverage
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Stock-based compensation expense	1,636	2,417	3,264
Entertainment, retail and other
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Stock-based compensation expense	8,230	10,964	19,978
General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Stock-based compensation expense	$ 51,686	$ 40,593	$ 56,572

Long-Term Debt - WML Senior Notes (Details) - Senior Notes - WML	12 Months Ended
	Dec. 31, 2023
2027 and 2028 WML Senior Notes \| Redemption period one
Debt Instrument [Line Items]
Minimum number of consecutive days	10 days
Debt redemption price as percentage of principal	100.00%
WML 5 5/8% Senior Notes, due 2028 \| Redemption period two
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	101.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
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-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Paragraph 1D
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

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


	December 31,
	2023		2022
Cash and cash equivalents:
Cash(1)	$	1,076,474	$	1,699,583
Cash equivalents(2)	1,802,712		1,950,857
Total cash and cash equivalents	2,879,186		3,650,440
Restricted cash(3)	90,226		132,550
Total cash, cash equivalents and restricted cash	$	2,969,412	$	3,782,990

(1)Cash consists of cash on hand and bank deposits.

(2)Cash equivalents consist of bank time deposits and money market funds.

The following table disclose the supplemental cash flow disclosures of the Company (in thousands):


	Year Ended December 31,
	2023		2022		2021
Cash paid for interest, net of amounts capitalized	$	688,350	$	618,395	$	581,650
Capitalized stock-based compensation	$	5,268	$	3,246	$	5,058
Cash paid for income taxes	$	10,310	$	5,290	$	1,749
Finance lease liabilities arising from obtaining finance lease assets	$	8,842	$	5,906	$	7,423
Liability settled with shares of common stock	$	6,639	$	9,287	$	6,272
Accounts and construction payables related to property and equipment	$	60,313	$	64,861	$	52,647
Other liabilities related to intangible assets(1)	$	209,410	$	4,220	$	5,417
Dividends payable on unvested restricted stock included in other accrued liabilities	$	685	$	229	$	1,846

Leases - Future Minimum Payments to be Received (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 135,414
2025	120,675
2026	87,482
2027	69,912
2028	42,834
Thereafter	65,961
Total future minimum rentals	$ 522,278

Income Taxes - Summary of Net Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets And Liabilities
Foreign tax credit carryforwards	$ 1,200,000
Lease liability	371,032	$ 366,519
Less: valuation allowance	(1,340,581)	(2,437,202)
Net deferred tax asset (liability)	500,877
Net deferred tax asset (liability)		(1,905)
U.S.
Deferred Tax Assets And Liabilities
Foreign tax credit carryforwards	1,244,149	1,917,822
Disallowed interest expense carryforward	156,224	164,676
Net operating loss carryforward	160,778	107,407
Property and equipment	50,903	15,220
Receivables, inventories, accrued liabilities and other	21,854	16,610
Stock-based compensation	9,984	8,332
Other tax credit carryforwards	19,813	11,289
Intangibles and related other	41,914	25,423
Other	0	5,849
Deferred tax assets, gross	2,076,651	2,639,147
Less: valuation allowance	(1,172,982)	(2,253,912)
Deferred tax assets, net	903,669	385,235
Leased asset	(371,032)	(366,519)
Prepaid insurance, maintenance and taxes	(16,186)	(14,138)
Property and equipment	0	(194)
Other	(15,584)	(7,612)
Deferred tax liabilities	(402,802)	(388,463)
Foreign
Deferred Tax Assets And Liabilities
Net operating loss carryforward	78,842	109,114
Other	3,275	3,688
Deferred tax assets, gross	169,966	187,241
Less: valuation allowance	(167,599)	(183,290)
Deferred tax assets, net	2,367	3,951
Property and equipment	(2,357)	(2,628)
Property and equipment	87,849	74,439
Deferred tax liabilities	$ (2,357)	$ (2,628)

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2023
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Defined Contribution Plans The Company established a retirement savings plan under Section 401(k) of the Internal Revenue Code covering its U.S. non-union employees in July 2000. The plan allows employees to defer, within prescribed limits, a percentage of their income through contributions to this plan. The Company matches 50% of employee contributions, up to 6% of employees' eligible compensation. During the years ended December 31, 2023, 2022 and 2021, the Company recorded matching contribution expenses of $10.2 million, $8.7 million, and $8.0 million contributions, respectively. Wynn Macau SA also operates a defined contribution retirement benefit plan (the "Wynn Macau Plan"). Eligible employees are allowed to contribute 5% of their base salary to the Wynn Macau Plan and the Company matches any contributions. On July 1, 2019, the Company offered the option for the eligible Macau resident employees to join the non-mandatory central provident fund (the "CPF") system. Eligible Macau resident employees joining the Company from July 1, 2019 onwards have the option of enrolling in the CPF system while the Company's existing Macau resident employees who are currently members of the Wynn Macau Plan will be provided with the option of joining the CPF system or staying in the existing Wynn Macau Plan, which will continue to be in effect in parallel. The CPF system allows eligible employees to contribute 5% or more of their base salary to the CPF while the Company matches with a 5% of such salary as employer's contribution to the CPF. The Company's matching contributions vest to the employee at 10% per year with full vesting in ten years. The assets of the Wynn Macau Plan and the CPF are held separately from those of the Company in independently administered funds and overseen by the Macau government. Forfeitures of unvested contributions are used to reduce the Company's liability for its contributions payable. During the years ended December 31, 2023, 2022 and 2021, the Company recorded matching contribution expenses of $16.3 million, $17.0 million, and $17.2 million, respectively. Multi-Employer Pension Plans Wynn Las Vegas, LLC contributes to a multi-employer defined benefit pension plan for certain of its union employees under the terms of the collective-bargaining agreement with the Culinary Workers Union, Local 226, and Bartenders Union, Local 165, which expires November 30, 2028. The legal name of the multi-employer pension plan is the Southern Nevada Culinary and Bartenders Pension Plan (the "Plan") (EIN: 88-6016617 Plan Number: 1). The Company recorded expenses of $15.8 million, $13.5 million, and $9.8 million for contributions to the Plan for the years ended December 31, 2023, 2022 and 2021, respectively. For the 2022 plan year, the most recent for which plan data is available, the Company's contributions were identified by the Plan to exceed 5% of total contributions for that year. Based on information the Company received from the Plan, it was certified to be in neither endangered nor critical status for the 2022 plan year. Wynn Las Vegas, LLC contributes to a multi-employer defined benefit pension plan for certain of its union employees under the terms of the collective bargaining agreement with the International Brotherhood of Teamsters, Local 986, which expires July 21, 2024. The legal name of the multi-employer pension plan is the Western Conference of Teamsters Pension Trust Fund (the "Fund") (EIN: 91-6145047 Plan Numbers: 217718, 217830). The Company recorded expenses of $0.2 million for contributions to the Fund for the year ended December 31, 2023. Beginning as of January 1, 2024, Encore Boston Harbor contributes to multi-employer defined benefit pension plans for certain of its union employees under the terms of the collective-bargaining agreement with UNITE HERE Local 26 affiliated with UNITE HERE and International Brotherhood of Teamsters, Chauffeurs, Warehousemen & Helpers, Local 25, which expires on August 31, 2026. The legal names of the multi-employer pension plans are the UNITE HERE! Workers and Hospitality Employers Variable Defined Benefit Pension Fund (the "UNITE Plan") (EIN: 45-4227067 Plan Number: 026) and the New England Teamsters Pension Fund (the "Teamsters Plan") (EIN: 04-6372430 Plan Number: 001). Based on information the Company received from the UNITE Plan, it was certified to be in neither endangered nor critical status for 2022. Based on information the Company received from the Teamsters Plan, it is in critical and declining status for 2024 as defined in the Pension Protection Act of 2006, and as amended by the Multiemployer Pension Reform Act of 2014. Risks of participating in a multi-employer plan differ from single-employer plans for the following reasons: (1) assets contributed to a multi-employer plan by one employer may be used to provide benefits to employees of other participating employers; (2) if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; (3) if a participating employer stops participating, it may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability; and (4) if the plan is terminated by withdrawal of all employers and if the value of the nonforfeitable benefits exceeds plan assets and withdrawal liability payments, employers are required by law to make up the insufficient difference.

Commitments and Contingencies - Other Commitments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 320,474
2025	104,317
2026	43,598
2027	32,326
2028	28,152
Thereafter	110,341
Total minimum payments	$ 639,208

Stock-Based Compensation

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

The Company has adopted equity plans that allow for grants of stock-based compensation awards. The following sections describe each of these plans.

Wynn Resorts, Limited 2014 Omnibus Incentive Plan (the "WRL Omnibus Plan")

On May 16, 2014, the Company adopted the WRL Omnibus Plan after approval from its stockholders, which was adopted for a period of 10 years. The WRL Omnibus Plan allows for the grant of stock options, restricted stock, restricted stock units, stock appreciation rights, performance awards, and other share-based awards to eligible participants. The Company reserved 4,409,390 shares of its common stock for issuance under the WRL Omnibus Plan. On June 25, 2020, the Company's shareholders approved an amendment to the WRL Omnibus Plan that increases the shares authorized for issuance by 1,500,000 shares, for an aggregate number of shares authorized for issuance to 5,909,390 shares.

As of December 31, 2023, the Company had 1,585,472 shares of its common stock available for grant as share-based awards under the WRL Omnibus Plan.

Wynn Macau, Limited Share Option and Share Award Plans

The Company's majority-owned subsidiary, WML, has two stock-based compensation plans that provide awards based on shares of WML's common stock. The shares available for issuance under these plans are separate and distinct from the common stock of Wynn Resorts' share plan and are not available for issuance for any awards under the Wynn Resorts share plan. The maximum number of shares which may be issued pursuant to WML's stock-based compensation plans is a combined aggregate of 523,843,160 shares. As of December 31, 2023, there were 521,567,160 shares available for issuance under WML's stock-based compensation plans.

WML Share Option Plan ("WML Share Option Plan")

WML adopted the WML Share Option Plan on May 25, 2023 to supersede its share option plan adopted on May 30, 2019. The WML share option plan allows for the grant of stock options to purchase shares of WML to eligible directors and employees of WML, its subsidiaries, and related entities, and service providers of WML and its subsidiaries. The WML Share Option Plan is administered by WML's board of directors, which has the discretion on the vesting and service requirements, exercise price, performance targets to exercise if applicable and other conditions, subject to certain limits. The WML Share Option Plan was adopted for a period of 10 years commencing from May 25, 2023.

WML Employee Share Ownership Scheme (the "WML Share Award Plan")

WML adopted the WML Share Award Plan on May 25, 2023 to supersede its employee ownership scheme adopted on June 30, 2014. The Share Award Plan allows for the grant of nonvested shares of WML's common stock to eligible directors and employees of WML, its subsidiaries, and related entities, and service providers of WML and its subsidiaries. The WML Share Award Plan was adopted for a period of 10 years commencing from May 25, 2023.

Wynn Interactive Ltd. 2020 Omnibus Incentive Plan (the "WIL Omnibus Plan")

On October 23, 2020, the Wynn Interactive board of directors adopted the WIL Omnibus Plan. The WIL Omnibus Plan, which is administered by the Wynn Interactive board of directors, allows for an aggregate number of shares totaling 101,419 for the grant of stock options, restricted stock, restricted stock units, stock appreciation rights, performance awards, and other share-based awards to eligible participants. As of December 31, 2023, there were 30,984 shares available to grant under the WIL Omnibus Plan.

Stock Options

The summary of stock option activity for the year ended December 31, 2023 is presented below:


	Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
WRL Omnibus Plan
Outstanding as of January 1, 2023	56,269	$	61.14
Granted	—	$	—
Exercised	(32,284)	$	60.89
Forfeited or expired	—	$	—
Outstanding as of December 31, 2023	23,985	$	61.48	1.48	$	710,776
Fully vested and expected to vest as of December 31, 2023	23,985	$	61.48	1.48	$	710,776
Exercisable as of December 31, 2023	23,985	$	61.48	1.48	$	710,776

WML Share Option Plan
Outstanding as of January 1, 2023	33,003,400	$	1.68
Granted	5,017,000	$	0.76
Exercised	—	$	—
Forfeited or expired	(800,000)	$	3.18
Outstanding as of December 31, 2023	37,220,400	$	1.52	6.85	$	1,367,352
Fully vested and expected to vest as of December 31, 2023	37,220,400	$	1.52	6.85	$	1,367,352
Exercisable as of December 31, 2023	19,288,200	$	1.96	5.45	$	210,563

WIL Omnibus Plan
Outstanding as of January 1, 2023	79,883	$	878.27
Granted	—	$	—
Exercised	—	$	—
Forfeited or expired	(12,145)	$	489.23
Outstanding as of December 31, 2023	67,738	$	111.35	6.98	$	—
Fully vested and expected to vest as of December 31, 2023	67,738	$	111.35	6.98	$	—
Exercisable as of December 31, 2023	59,525	$	113.49	6.95	$	—

The following is provided for stock options under the Company's stock-based compensation plans (in thousands, except weighted average grant date fair value):


	Year Ended December 31,
	2023		2022		2021
WRL Omnibus Plan(1)
Weighted average grant date fair value	$	—	$	18.56	$	—

WML Share Option Plan(2)
Weighted average grant date fair value	$	0.25	$	0.26	$	0.26
Intrinsic value of stock options exercised	$	—	$	—	$	—
Cash received from the exercise of stock options	$	—	$	—	$	—

WIL Omnibus Plan(3)
Weighted average grant date fair value	$	—	$	35.36	$	159.51
Intrinsic value of stock options exercised	$	—	$	1,241	$	—

(1)As of December 31, 2023, there was no unamortized compensation expense related to stock options.

(2)As of December 31, 2023, there was $5.0 million of unamortized compensation expense related to stock options, which is expected to be recognized over a weighted average period of 3.18 years.

(3)As of December 31, 2023, there was $1.6 million of unamortized compensation expense related to stock options, which is expected to be recognized over a weighted average period of 0.97 years.

Option Valuation Inputs

The fair value of stock options granted under the WRL Omnibus Plan was estimated on the date of grant using the following weighted average assumption:


	Year Ended December 31,
	2023		2022		2021
Expected dividend yield	—	%	—	%	—	%
Expected volatility	—	%	56.9	%	—	%
Risk-free interest rate	—	%	2.7	%	—	%
Expected term (years)	—		1.8		—

The fair value of stock options granted under WML's Share Option Plan was estimated on the date of grant using the following weighted average assumptions:


	Year Ended December 31,
	2023		2022		2021
Expected dividend yield	5.7	%	1.3	%	2.9	%
Expected volatility	53.8	%	45.7	%	46.4	%
Risk-free interest rate	3.6	%	3.2	%	1.1	%
Expected term (years)	6.5		6.5		6.5

The fair value of stock options granted under the WIL Omnibus Plan was estimated on the date of grant using the following weighted average assumptions:


	Year Ended December 31,
	2023		2022		2021
Expected dividend yield	—	%	—	%	—	%
Expected volatility	—	%	47.5	%	50.0	%
Risk-free interest rate	—	%	2.93	%	0.60	%
Expected term (years)	—		5.1		6.3

Nonvested and performance nonvested shares

The summary of nonvested and performance nonvested share activity under the Company's stock-based compensation plans for the year ended December 31, 2023 is presented below:


	Shares	Weighted Average Grant Date Fair Value
WRL Omnibus Plan
Nonvested as of January 1, 2023	838,471	$	93.18
Granted	727,522	$	94.13
Vested	(565,079)	$	88.24
Forfeited	(23,256)	$	89.31
Nonvested as of December 31, 2023	977,658	$	96.62

WML Share Award Plan
Nonvested as of January 1, 2023	20,318,446	$	0.97
Granted	6,908,870	$	1.08
Vested	(3,746,630)	$	1.44
Forfeited	(1,148,880)	$	1.07
Nonvested as of December 31, 2023	22,331,806	$	0.92

WIL Omnibus Plan
Nonvested as of January 1, 2023	10,886	$	37.20
Granted	—	$	—
Vested	(1,854)	$	37.07
Forfeited	(6,822)	$	37.31
Nonvested as of December 31, 2023	2,210	$	36.95

Certain members of the executive management team receive grants of nonvested share awards that are subject to service and performance conditions. Generally, these awards vest if certain fair share metrics (as approved by the Company's Compensation Committee of the Board of Directors) are attained over a one-, two-, or three-year performance period. The Company records expense for these awards if it determines that vesting is probable. At December 31, 2023, all performance nonvested awards were deemed to be probable of vesting; however, none of the performance criteria contingencies have been resolved. The activity for these performance nonvested shares is included in the table above.

The following is provided for the share awards under the Company's stock-based compensation plans (in thousands, except weighted average grant date fair value):


	Year Ended December 31,
	2023		2022		2021
WRL Omnibus Plan
Weighted average grant date fair value	$	94.13	$	62.34	$	108.68
Fair value of shares vested	$	56,689	$	52,965	$	41,133

WML Share Award Plan
Weighted average grant date fair value	$	1.08	$	0.62	$	1.56
Fair value of shares vested	$	3,941	$	20,547	$	4,771

As of December 31, 2023, there was $55.8 million of unamortized compensation expense related to nonvested shares under the WRL Omnibus Plan, which is expected to be recognized over a weighted average period of 2.24 years. As of

December 31, 2023, there was $12.5 million of unamortized compensation expense under the WML Share Award Plan, which is expected to be recognized over a weighted average period of 2.51 years.

Performance Share Units ("PSUs")

Certain members of the Wynn Resorts executive management team receive grants of PSUs that are subject to service and market conditions. Each PSU represents the right to receive between 0 and 1.6 shares of Wynn Resorts common stock depending on the performance of the common stock over a three-year period. The summary of PSU activity during the year ended December 31, 2023 is provided below:


	Units	Weighted Average Grant Date Fair Value
Nonvested as of January 1, 2023	—	$	—
Granted	24,910	$	121.70
Vested	—	$	—
Forfeited	—	$	—
Nonvested as of December 31, 2023	24,910	$	121.70

The fair value of PSUs granted under the WRL Omnibus Plan during the year ended December 31, 2023 was estimated on the date of grant using a risk-free rate of 3.80% and expected volatility of 55.0%.

Annual Incentive Bonus

Certain members of the Company's management team receive a portion of their annual incentive bonus in shares of the Company's stock. The number of shares is determined based on the closing stock price on the date the annual incentive bonus is settled. As the number of shares is variable, the Company records a liability for the fixed monetary amount over the service period. The Company recorded stock-based compensation expense associated with these awards of $8.0 million, $6.6 million and $9.3 million for each of the years ended December 31, 2023, 2022 and 2021, respectively. The Company settled its obligations for the 2023, 2022, and 2021 annual incentive bonuses by issuing 84,130, 67,320, and 108,224 of vested shares with a weighted-average grant date fair value of $95.26, $98.61, and $85.80, in January of the respective following year.

Compensation Cost

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


	Year Ended December 31,
	2023		2022		2021
Casino	$	2,163	$	12,401	$	13,899
Rooms	800		1,252		1,525
Food and beverage	1,636		2,417		3,264
Entertainment, retail and other(1)	8,230		10,964		19,978
General and administrative	51,686		40,593		56,572
Total stock-based compensation expense	64,515		67,627		95,238
Total stock-based compensation capitalized	5,268		3,246		5,058
Total stock-based compensation costs	$	69,783	$	70,873	$	100,296

(1)In 2021, reflects compensation cost of $2.7 million recognized in connection with the vesting of restricted stock performance awards.

During the years ended December 31, 2023, 2022 and 2021, the Company recognized income tax benefits in the Consolidated Statements of Operations of $10.0 million, $9.3 million, and $14.9 million, respectively, related to stock-based compensation expense. Additionally, during the years ended December 31, 2023, 2022, and 2021, the Company realized tax benefits of $7.5 million, $8.9 million, and $8.0 million, respectively, related to stock option exercises and restricted stock vesting that occurred in those years.

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited - basic	$ 729,994	$ (423,856)	$ (755,786)
Assumed conversion of WML Convertible Bonds	(16,495)	0	0
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$ 713,499	$ (423,856)	$ (755,786)
Denominator:
Weighted average common shares outstanding (in shares)	112,523	113,623	113,760
Potential dilutive effect of stock options, nonvested, and performance nonvested shares (in shares)	332	0	0
Weighted average common and common equivalent shares outstanding (in shares)	112,855	113,623	113,760
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in dollars per share)	$ 6.49	$ (3.73)	$ (6.64)
Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted (in dollars per share)	$ 6.32	$ (3.73)	$ (6.64)
Antidilutive securities excluded from computation of earnings per share (in shares)	238	895	925

Long-Term Debt - Fair Value of Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Fair value of debt instrument excluding the Redemption Note	$ 11,490	$ 11,230
Long-term debt excluding the Redemption Note	$ 11,830	$ 12,160

Benefit Plans - Pension Plan (Details) - Multi-employer Pension Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Southern Nevada Culinary and Bartenders Pension Plan
Defined Benefit Plan Disclosure
Multi-employer plan, period contributions	$ 15.8	$ 13.5	$ 9.8
Total contribution threshold percentage		5.00%
Western Conference of Teamsters Pension Trust Fund
Defined Benefit Plan Disclosure
Multi-employer plan, period contributions	$ 0.2

Customer Contract Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Revenue Recognition [Abstract]

Schedule of Customer Contract Liabilities

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


	December 31, 2023		December 31, 2022		Increase/ (Decrease)		December 31, 2022		December 31, 2021		Increase/ (Decrease)
Casino outstanding chips and front money deposits(1)	$	433,269	$	390,531	$	42,738	$	390,531	$	352,830	$	37,701
Advance room deposits and ticket sales(2)	89,640		85,019		4,621		85,019		55,438		29,581
Other gaming-related liabilities(3)	24,964		31,265		(6,301)		31,265		26,515		4,750
Loyalty program and related liabilities(4)	31,106		35,083		(3,977)		35,083		34,695		388
	$	578,979	$	541,898	$	37,081	$	541,898	$	469,478	$	72,420

Organization and Business	12 Months Ended
Organization and Business	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business 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. In Everett, Massachusetts, the Company operates Encore Boston Harbor, an integrated resort. The Company also holds an approximately 97% interest in, and consolidates, Wynn Interactive Ltd. ("Wynn Interactive"), through which it operates online sports betting, gaming, and social casino businesses. Additionally, the Company has a 40% equity interest in Island 3 AMI FZ-LLC, an unconsolidated affiliate, which is currently constructing an integrated resort property ("Wynn Al Marjan Island") in Ras Al Khaimah, United Arab Emirates, currently expected to open in 2027. Macau Operations Wynn Palace features a luxury hotel tower with 1,706 guest rooms, suites and villas, approximately 468,000 square feet of casino space, 14 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 107,000 square feet of retail space, public attractions including a performance lake, an immersive entertainment center, Western and Asian art displays, and a gondola ride offering convenient street-level access. Wynn Macau features two luxury hotel towers with a total of 1,010 guest rooms and suites, approximately 294,000 square feet of casino space, 14 food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 64,300 square feet of retail space, a performance lake, a rotunda show and recreation and leisure facilities. On December 16, 2022, Wynn Resorts (Macau), S.A. ("Wynn Macau SA"), an indirect subsidiary of the Company, entered into a definitive gaming concession contract (the "Gaming Concession Contract") with the Macau government, pursuant to which Wynn Macau SA was granted a 10-year gaming concession commencing on January 1, 2023 and expiring on December 31, 2032, to operate games of chance at Wynn Palace and Wynn Macau. Las Vegas Operations Wynn Las Vegas features two luxury hotel towers with a total of 4,748 guest rooms, suites and villas, approximately 194,000 square feet of casino space, 34 food and beverage outlets, approximately 513,000 square feet of meeting and convention space, approximately 177,000 square feet of retail space (the majority of which is owned and operated under a joint venture of which the Company owns 50.1%), as well as two theaters, two nightclubs and a beach club and recreation and leisure facilities. Encore Boston Harbor Encore Boston Harbor, an integrated resort in Everett, Massachusetts, adjacent to Boston along the Mystic River, features a luxury hotel tower with a total of 671 guest rooms and suites, approximately 210,000 square feet of casino space, 14 food and beverage outlets, one nightclub, approximately 71,000 square feet of meeting and convention space, and approximately 8,186 square feet of retail space. Public attractions include a waterfront park, floral displays, and water shuttle service to downtown Boston. On December 1, 2022, the Company closed on a sale-leaseback arrangement with respect to certain real estate assets related to Encore Boston Harbor (the "EBH Transaction"). Upon closing of the EBH Transaction, the Company received cash proceeds of approximately $1.70 billion in exchange for the sale of such real estate assets, and concurrently entered into a lease agreement for the purpose of continuing to operate the Encore Boston Harbor integrated resort. For more information on the EBH Transaction, see Note 5, "Property and Equipment, net" and Note 16, "Leases." Wynn Interactive In August 2023, the Company announced its decision to close WynnBET, Wynn Interactive’s digital sports betting and casino gaming business, in jurisdictions other than New York, Massachusetts, and Michigan, and in January 2024 the Company announced its decision to close WynnBET in Massachusetts. In February 2024, the Company entered into an asset purchase agreement providing for the transfer and assignment of Wynn’s market access rights and related obligations in Michigan to Caesars Entertainment, Inc., and separately, signed an equity purchase agreement for the sale of WSI US, LLC, Wynn Interactive’s domestic operating subsidiary, which includes the Company’s gaming license in New York, to Penn Entertainment, Inc.; in each case, subject to certain customary closing conditions.

Basis of Presentation and Significant Accounting Policies - Estimated Useful Lives of Assets (Details)	Dec. 31, 2023
Buildings and Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	10 years
Buildings and Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	45 years
Land Improvements [Member] \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	10 years
Land Improvements [Member] \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	45 years
Leasehold Interest in Land
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	25 years
Airplanes
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	20 years
Furniture, Fixtures and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	3 years
Furniture, Fixtures and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life in Years	20 years

Basis of Presentation and Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

Use of Estimates

Cash, Cash Equivalents and Restricted Cash

Investments

Accounts Receivable and Credit Risk

Inventories

Property and Equipment

Purchases of property and equipment are stated at cost, and when placed into service, are depreciated over the estimated

useful lives of the assets using the straight-line method as follows:


			Estimated Useful Life in Years
Buildings and improvements			10 - 45
Land improvements			10 - 45
Furniture, fixtures and equipment			3 - 20
Leasehold interest in land			25
Airplanes			20

Capitalized Interest

Goodwill

Intangible Assets other than goodwill

Intangible Assets other than Goodwill

Long-Lived Assets

Lessee Arrangements

Lessor Arrangements

Investments in Unconsolidated Affiliate

Debt Issuance Costs

Derivative Financial Instruments

See Note 8, "WML Convertible Bond Conversion Option Derivative" for accounting policy disclosures relating to the WML Convertible Bond Conversion Option Derivative (as defined therein).

Revenue Recognition

The Company's revenue from contracts with customers primarily consists of casino wagers and sales of rooms, food and beverage, entertainment, retail and other goods and services.

Gaming Taxes

Advertising Costs

The cost of advertising is expensed as incurred, and totaled $112.6 million, $148.6 million, and $250.6 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Pre-Opening Expenses

Pre-opening Expenses

Pre-opening expenses represent personnel, advertising, and other costs incurred prior to the opening of new ventures and are expensed as incurred.

Income Taxes

As applicable, the Company will recognize accrued penalties and interest related to unrecognized tax benefits in the provision for income taxes.

Foreign Currency

Comprehensive Loss and Accumulated Other Comprehensive Income Loss

Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

Fair Value Measurements

•Level 1 - Observable inputs such as quoted prices in active markets.

•Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable.

•Level 3 - Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Stock-Based Compensation

Recently Issued Accounting Standards

Goodwill and Intangible Assets, net - Additional Information (Details) MOP$ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023 USD ($) table machine	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 MOP (MOP$) table machine
Schedule Of Finite And Indefinite Lived Intangible Assets
Impairment		$ 72,057,000	$ 37,761,000
Impairment of intangible sssets		22,400,000
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]			Impairment of goodwill and intangible assets
Fixed portion		3,700,000			MOP$ 30,000
Expected amortization, 2024 to 2032		20,900,000
Wynn Macau SA
Schedule Of Finite And Indefinite Lived Intangible Assets
Financial liability related to gaming concession		$ 208,300,000			MOP$ 1,680,000
Macau Gaming and Non-Gaming Investments \| Wynn Macau SA
Schedule Of Finite And Indefinite Lived Intangible Assets
Other commitment, term	10 years	10 years
Macau Gaming Concession \| Wynn Macau SA
Schedule Of Finite And Indefinite Lived Intangible Assets
Gaming premium, number of gaming tables, minimum \| table		500			500
Gaming premium, number of gaming machines, minimum \| machine		1,000			1,000
Gaming premium, variable, minimum		$ 9,400,000			MOP$ 76,000
2023 to 2025		6,600,000			53,100
2026 to 2032		22,000,000			177,000
Macau Gaming Concession \| Wynn Macau SA \| Scenario One
Schedule Of Finite And Indefinite Lived Intangible Assets
Variable portion		37,000			300
Macau Gaming Concession \| Wynn Macau SA \| Scenario Two
Schedule Of Finite And Indefinite Lived Intangible Assets
Variable portion		19,000			150
Macau Gaming Concession \| Wynn Macau SA \| Scenario Three
Schedule Of Finite And Indefinite Lived Intangible Assets
Variable portion		$ 124			MOP$ 1
Betbull Acquisition
Schedule Of Finite And Indefinite Lived Intangible Assets
Impairment			$ 37,800,000
Impairment of intangible sssets			$ 10,300,000	$ 10,300,000
Massachusetts Gaming License
Schedule Of Finite And Indefinite Lived Intangible Assets
Intangible assets, useful life, years		15 years			15 years
Expected amortization of associated intangible assets, each year 2021-2033		$ 7,800,000
Expected amortization of associated intangible assets, 2034		3,700,000
Other
Schedule Of Finite And Indefinite Lived Intangible Assets
Future amortization expense, 2024		6,000,000
Future amortization expense, 2025		3,700,000
Future amortization expense, 2026		3,000,000
Future amortization expense, 2027		3,000,000
Future amortization expense, 2028		3,000,000
Future amortization expense, after 2028		$ 9,300,000

Income Taxes - Summary of Income Taxes (Federal Statutory Corporate Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S. Federal statutory rate	21.00%	21.00%	21.00%
State tax	(2.80%)	0.30%	1.60%
Foreign tax credits, net of valuation allowance	(139.80%)	12.50%	0.70%
Non-taxable foreign income	(9.60%)	(5.70%)	(3.00%)
Foreign tax rate differential	0.40%	(17.00%)	(9.40%)
Valuation allowance, other	(43.80%)	(3.10%)	(6.80%)
Other, net	0.50%	(9.30%)	(4.10%)
Effective income tax rate	(174.10%)	(1.30%)	0.00%

Fair Value Measurements

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

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


			Fair Value Measurements Using:
	December 31, 2023		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,802,712	$	—	$	1,802,712	$	—
Restricted cash	$	90,226	$	2,170	$	88,056	$	—
Fixed deposits	$	550,000	$	—	$	550,000	$	—
Interest rate collar	$	5,769	$	—	$	5,769	$	—

Liabilities:
WML Convertible Bond Conversion Option Derivative (see Note 8)	$	73,744	$	—	$	—	$	73,744

			Fair Value Measurements Using:
	December 31, 2022		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,950,857	$	490,683	$	1,460,174	$	—
Restricted cash	$	132,550	$	6,891	$	125,659	$	—
Interest rate collar	$	10,408	$	—	$	10,408	$	—

- 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

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false