0001174922-24-000082 | 10-Q | XBRL Viewer

Property and Equipment, net (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

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


	March 31, 2024		December 31, 2023
Buildings and improvements	$	8,457,299	$	8,459,085
Land and improvements	1,229,729		1,228,652
Furniture, fixtures and equipment	3,347,883		3,311,478
Airplanes	110,623		110,623
Construction in progress	188,842		162,592
	13,334,376		13,272,430
Less: accumulated depreciation	(6,727,851)		(6,583,951)
	$	6,606,525	$	6,688,479

WML Convertible Bond Conversion Option Derivative

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

WML Convertible Bond Conversion Option Derivative

The conversion feature contained within the WML Convertible Bonds (the "WML Convertible Bond Conversion Option Derivative") 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, reported at fair value as of the end of each reporting period, with changes recognized in the Condensed Consolidated Statements of Income. The following table sets forth the inputs to the lattice models that were used to value the WML Convertible Bond Conversion Option Derivative:


	March 31, 2024			December 31, 2023
WML stock price	HK$	6.99		HK$	6.43
Estimated volatility	34.8		%	34.0		%
Risk-free interest rate	3.9		%	3.3		%
Expected term (years)	4.9			5.2
Dividend yield	0.0		%	0.0		%

As of March 31, 2024 and December 31, 2023, the estimated fair value of the embedded derivative was a liability of $90.0 million and $73.7 million, respectively, recorded within Long-term debt within the accompanying Condensed Consolidated Balance Sheets. In connection with the change in fair value, the Company recorded a loss of $16.3 million and a gain of $24.9 million within Change in derivatives fair value in the accompanying Condensed Consolidated Statements of Income for the three months ended March 31, 2024 and 2023, respectively.

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Minimum and Contingent Operating Lease Income

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


	Three Months Ended March 31,
	2024		2023
Minimum rental income	$	34,170	$	33,838
Contingent rental income	20,639		28,764
Total rental income	$	54,809	$	62,602

Earnings Per Share

3 Months Ended

Mar. 31, 2024

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 at the later of the date of issuance or beginning of the period presented 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. Other potentially dilutive securities include outstanding stock options and unvested restricted stock.

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


	Three Months Ended March 31,
	2024		2023
Numerator:
Net income attributable to Wynn Resorts, Limited - basic	$	144,216	$	12,332
Effect of dilutive securities of Wynn Resorts, Limited subsidiaries:
Assumed conversion of WML Convertible Bonds	—		(14,566)
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$	144,216	$	(2,234)

Denominator:
Weighted average common shares outstanding	111,023		112,753
Potential dilutive effect of stock options, nonvested, and performance nonvested shares	310		363
Weighted average common and common equivalent shares outstanding	111,333		113,116

Net income attributable to Wynn Resorts, Limited per common share, basic	$	1.30	$	0.11
Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted	$	1.30	$	(0.02)

Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share	281		38

Receivables, net (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Receivables, net

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


	March 31, 2024		December 31, 2023
Casino	$	172,491	$	218,694
Hotel	54,795		54,596
Other	110,528		108,497
	337,814		381,787
Less: allowance for credit losses	(40,622)		(40,075)
	$	297,192	$	341,712

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


	March 31,
	2024		2023
Balance at beginning of year	$	40,075	$	78,842
Provision for credit losses	87		(544)
Write-offs	(2,519)		(22,220)
Recoveries of receivables previously written off	2,987		1,294
Effect of exchange rate	(8)		(236)
Balance at end of period	$	40,622	$	57,136

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash	$ 1,218,328	$ 1,076,474
Cash equivalents	1,201,875	1,802,712
Total cash and cash equivalents	2,420,203	2,879,186
Restricted cash	90,146	90,226
Total cash, cash equivalents and restricted cash	2,510,349	2,969,412	$ 3,938,967	$ 3,782,990
Restricted cash, bank guarantee	$ 86,900	$ 87,000

- 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

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 40,622	$ 40,075
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	40,000,000	40,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	400,000,000	400,000,000
Common stock, issued (in shares)	133,451,655	132,998,916
Common stock, outstanding (in shares)	112,071,149	111,737,245
Treasury stock (in shares)	21,380,506	21,261,671

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income attributable to Wynn Resorts, Limited - basic	$ 144,216	$ 12,332

- Definition

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

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+ Details

Property and Equipment, net

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

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


	March 31, 2024		December 31, 2023
Buildings and improvements	$	8,457,299	$	8,459,085
Land and improvements	1,229,729		1,228,652
Furniture, fixtures and equipment	3,347,883		3,311,478
Airplanes	110,623		110,623
Construction in progress	188,842		162,592
	13,334,376		13,272,430
Less: accumulated depreciation	(6,727,851)		(6,583,951)
	$	6,606,525	$	6,688,479

As of March 31, 2024 and December 31, 2023, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties.

Depreciation expense for the three months ended March 31, 2024 and 2023 was $158.1 million and $154.1 million, respectively.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation In addition to the actions noted below, the Company and its affiliates are involved in litigation arising in the normal course of business. In the opinion of management, such litigation is not expected to have a material effect on the Company's financial condition, results of operations, and cash flows. 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.

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of Long-Term Debt

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


	March 31, 2024		December 31, 2023
Macau Related:
WM Cayman II Revolver, due 2025 (1)	$	1,346,764	$	1,497,610
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		600,000

U.S. and Corporate Related:
WRF Credit Facilities (3):
WRF Term Loan, due 2024	72,739		73,683
WRF Term Loan, due 2027	721,324		730,692
WLV 5 1/2% Senior Notes, due 2025	583,310		1,380,001
WLV 5 1/4% Senior Notes, due 2027	880,000		880,000
WRF 5 1/8% Senior Notes, due 2029	750,000		750,000
WRF 7 1/8% Senior Notes, due 2031	1,000,000		600,000
Retail Term Loan, due 2025 (4)	615,000		615,000
	11,269,137		11,826,986
WML Convertible Bond Conversion Option Derivative	90,025		73,744
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(147,544)		(162,393)
	11,211,618		11,738,337
Less: Current portion of long-term debt	(1,291,488)		(709,593)
Total long-term debt, net of current portion	$	9,920,130	$	11,028,744

(1) As of March 31, 2024, 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 $281.3 million and $1.07 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 March 31, 2024, the weighted average interest rate was approximately 6.80%. As of March 31, 2024, the available borrowing capacity under the WM Cayman II Revolver was $149.6 million.

(2) As of March 31, 2024, the net carrying amount of the WML Convertible Bonds was $484.1 million, with unamortized debt discount and debt issuance costs of $115.9 million. The Company recorded contractual interest expense of $6.8 million and $1.8 million and amortization of discounts and issuance costs of $4.6 million and $1.1 million during the three months ended March 31, 2024 and 2023, respectively.

(3) The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of March 31, 2024, the weighted average interest rate was approximately 7.18%. Additionally, as of March 31, 2024, the available borrowing capacity under the WRF Revolver was $737.2 million, net of $12.8 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 March 31, 2024, the interest rate was 5.47%.

- Definition

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

+ References

Reference 1: http://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 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
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-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-Section 45
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-URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 20,014	$ 1,018
Federal statutory rate	21.00%
Effective tax rate	10.20%
Complementary tax rate	12.00%

- Definition

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

+ References + Details

Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2024

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

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


	March 31, 2024		December 31, 2023
Cash and cash equivalents:
Cash (1)	$	1,218,328	$	1,076,474
Cash equivalents (2)	1,201,875		1,802,712
Total cash and cash equivalents	2,420,203		2,879,186
Restricted cash (3)	90,146		90,226
Total cash, cash equivalents and restricted cash	$	2,510,349	$	2,969,412
(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, cash held in a trust in accordance with WML's share award plan, and as of March 31, 2024 and December 31, 2023 included $86.9 million and $87.0 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support the legal and contractual obligations of Wynn Resorts (Macau) S.A. ("Wynn Macau SA") through the term of Wynn Macau SA's gaming concession contract.

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


	Three Months Ended March 31,
	2024		2023
Cash paid for interest, net of amounts capitalized	$	183,812	$	181,667
Liability settled with shares of common stock	$	8,015	$	6,639
Accounts and construction payables related to property and equipment	$	58,096	$	42,911
Other liabilities related to intangible assets (1)	$	199,807	$	203,926
Finance lease liabilities arising from obtaining finance lease assets	$	3,333	$	400
Financing costs included in accounts payable and other liabilities	$	850	$	1,804

(1) For the three months ended March 31, 2024 and 2023, included $196.9 million and $199.6 million related to the Macau gaming premium in connection with Wynn Macau SA's gaming concession contract.

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ 176,498	$ 1,146
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	174,933	168,812
Deferred income taxes	16,774	(162)
Stock-based compensation expense	14,369	14,710
Amortization of debt issuance costs	10,350	8,763
Loss on debt financing transactions	1,561	12,236
Provision for credit losses	87	(544)
Change in derivatives fair value	17,914	(23,046)
Property charges and other	19,261	33,072
Increase (decrease) in cash from changes in:
Receivables, net	44,352	(11,048)
Inventories, prepaid expenses and other	(21,728)	(7,288)
Customer deposits	(53,147)	(13,316)
Accounts payable and accrued expenses	(86,130)	(13,844)
Net cash provided by operating activities	315,094	169,491
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(97,702)	(124,466)
Investments in unconsolidated affiliate	(69,928)	0
Purchase of intangible and other assets	(15)	(7,741)
Proceeds from sale of assets and other	226	257
Net cash used in investing activities	(167,419)	(131,950)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	412,000	1,200,000
Repayments of long-term debt	(956,666)	(1,018,973)
Repurchase of common stock	(11,374)	(10,834)
Proceeds from exercise of stock options	1,017	0
Distribution to noncontrolling interest	(5,996)	(4,502)
Dividends paid	(27,959)	(175)
Finance lease payments	(5,056)	(5,410)
Payments for financing costs	(5,843)	(31,330)
Other	(4,486)	(7,773)
Net cash (used in) provided by financing activities	(604,363)	121,003
Effect of exchange rate on cash, cash equivalents and restricted cash	(2,375)	(2,567)
Cash, cash equivalents and restricted cash:
(Decrease) increase in cash, cash equivalents and restricted cash	(459,063)	155,977
Balance, beginning of period	2,969,412	3,782,990
Balance, end of period	$ 2,510,349	$ 3,938,967

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

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:
	March 31, 2024		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,201,875	$	—	$	1,201,875	$	—
Restricted cash	$	90,146	$	2,178	$	87,968	$	—
Fixed deposits	$	550,000	$	—	$	550,000	$	—
Interest rate collar	$	4,136	$	—	$	4,136	$	—

Liabilities:
WML Convertible Bond Conversion Option Derivative (see Note 7)	$	90,025	$	—	$	—	$	90,025

			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 7)	$	73,744	$	—	$	—	$	73,744

Segment Information - Summary of Results of Operations by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,862,909	$ 1,423,679
Adjusted Property EBITDA	646,535	429,746
Other operating expenses
Pre-opening	2,035	4,478
Depreciation and amortization	174,933	168,812
Property charges and other	16,948	2,458
Corporate expenses and other	39,905	34,490
Stock-based compensation	14,369	14,710
Triple-net operating lease rent expense	35,404	35,283
Total other operating expenses	283,594	260,231
Operating income	362,941	169,515
Other non-operating income and expenses
Interest income	40,172	40,193
Interest expense, net of amounts capitalized	(182,404)	(187,740)
Change in derivatives fair value	(17,914)	23,046
Loss on debt financing transactions	(1,561)	(12,236)
Other	(4,722)	(30,614)
Total other non-operating income and expenses	(166,429)	(167,351)
Income before income taxes	196,512	2,164
Provision for income taxes	(20,014)	(1,018)
Net income	176,498	1,146
Net (income) loss attributable to noncontrolling interests	(32,282)	11,186
Net income attributable to Wynn Resorts, Limited - basic	144,216	12,332
Operating Segments \| Total Macau Operations
Segment Reporting Information [Line Items]
Total operating revenues	998,645	600,089
Adjusted Property EBITDA	339,556	155,803
Operating Segments \| Total Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	586,901	369,363
Adjusted Property EBITDA	202,370	111,058
Operating Segments \| Total Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	411,744	230,726
Adjusted Property EBITDA	137,186	44,745
Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	636,548	586,764
Adjusted Property EBITDA	246,262	231,597
Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	217,784	216,306
Adjusted Property EBITDA	63,135	63,414
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	9,932	20,520
Adjusted Property EBITDA	(2,418)	(21,068)
Casino
Segment Reporting Information [Line Items]
Total operating revenues	1,121,466	766,992
Casino \| Operating Segments \| Total Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	473,781	270,687
Casino \| Operating Segments \| Total Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	346,353	176,383
Casino \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	135,163	154,530
Casino \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	166,169	165,392
Rooms
Segment Reporting Information [Line Items]
Total operating revenues	327,414	272,529
Rooms \| Operating Segments \| Total Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	53,936	46,910
Rooms \| Operating Segments \| Total Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	28,619	21,971
Rooms \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	224,076	185,109
Rooms \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	20,783	18,539
Food and beverage
Segment Reporting Information [Line Items]
Total operating revenues	266,938	232,611
Food and beverage \| Operating Segments \| Total Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	32,070	23,553
Food and beverage \| Operating Segments \| Total Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	21,019	14,302
Food and beverage \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	193,610	172,483
Food and beverage \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	20,239	22,273
Entertainment, retail and other
Segment Reporting Information [Line Items]
Total operating revenues	147,091	151,547
Entertainment, retail and other \| Operating Segments \| Total Macau Operations \| Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	27,114	28,213
Entertainment, retail and other \| Operating Segments \| Total Macau Operations \| Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	15,753	18,070
Entertainment, retail and other \| Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	83,699	74,642
Entertainment, retail and other \| Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	10,593	10,102
Entertainment, retail and other \| Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	$ 9,932	$ 20,520

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,420,203	$ 2,879,186
Restricted cash	0	18
Investments	848,732	845,192
Accounts receivable, net of allowance for credit losses of $40,622 and $40,075, respectively	297,192	341,712
Inventories	73,686	75,552
Prepaid expenses and other	131,099	99,961
Total current assets	3,770,912	4,241,621
Property and equipment, net	6,606,525	6,688,479
Restricted cash	90,146	90,208
Goodwill and intangible assets, net	317,945	329,708
Operating lease assets	1,823,043	1,832,896
Deferred income taxes, net	484,103	500,877
Other assets	378,062	312,434
Total assets	13,470,736	13,996,223
Current liabilities:
Accounts and construction payables	176,420	208,263
Customer deposits	489,866	543,288
Gaming taxes payable	183,741	172,832
Accrued compensation and benefits	154,540	212,645
Accrued interest	125,872	141,902
Current portion of long-term debt	1,291,488	709,593
Other accrued liabilities	211,193	211,931
Total current liabilities	2,633,120	2,200,454
Long-term debt	9,920,130	11,028,744
Long-term operating lease liabilities	1,635,035	1,631,749
Other long-term liabilities	228,831	236,210
Total liabilities	14,417,116	15,097,157
Commitments and contingencies (Note 15)
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; 133,451,655 and 132,998,916 shares issued; 112,071,149 and 111,737,245 shares outstanding, respectively	1,335	1,330
Treasury stock, at cost; 21,380,506 and 21,261,671 shares, respectively	(1,849,172)	(1,836,326)
Additional paid-in capital	3,656,809	3,647,161
Accumulated other comprehensive income	4,830	3,406
Accumulated deficit	(1,950,755)	(2,066,953)
Total Wynn Resorts, Limited stockholders' deficit	(136,953)	(251,382)
Noncontrolling interests	(809,427)	(849,552)
Total stockholders' deficit	(946,380)	(1,100,934)
Total liabilities and stockholders' deficit	$ 13,470,736	$ 13,996,223

Condensed Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating revenues:
Total operating revenues	$ 1,862,909	$ 1,423,679
Operating expenses:
General and administrative	271,616	259,772
Provision for credit losses	87	(544)
Pre-opening	2,035	4,478
Depreciation and amortization	174,933	168,812
Property charges and other	16,948	2,458
Total operating expenses	1,499,968	1,254,164
Operating income	362,941	169,515
Other income (expense):
Interest income	40,172	40,193
Interest expense, net of amounts capitalized	(182,404)	(187,740)
Change in derivatives fair value	(17,914)	23,046
Loss on debt financing transactions	(1,561)	(12,236)
Other	(4,722)	(30,614)
Other income (expense), net	(166,429)	(167,351)
Income before income taxes	196,512	2,164
Provision for income taxes	(20,014)	(1,018)
Net income	176,498	1,146
Less: net (income) loss attributable to noncontrolling interests	(32,282)	11,186
Net income attributable to Wynn Resorts, Limited	$ 144,216	$ 12,332
Net income (loss) attributable to Wynn Resorts, Limited:
Basic (in usd per share)	$ 1.30	$ 0.11
Diluted (in usd per share)	$ 1.30	$ (0.02)
Weighted average common shares outstanding:
Basic (in shares)	111,023	112,753
Diluted (in shares)	111,333	113,116
Casino
Operating revenues:
Total operating revenues	$ 1,121,466	$ 766,992
Operating expenses:
Cost of goods and services sold	675,439	473,385
Rooms
Operating revenues:
Total operating revenues	327,414	272,529
Operating expenses:
Cost of goods and services sold	82,077	72,702
Food and beverage
Operating revenues:
Total operating revenues	266,938	232,611
Operating expenses:
Cost of goods and services sold	205,821	180,619
Entertainment, retail and other
Operating revenues:
Total operating revenues	147,091	151,547
Operating expenses:
Cost of goods and services sold	$ 71,012	$ 92,482

Stockholders' Deficit (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares	Mar. 31, 2023 USD ($)	May 07, 2024 $ / shares	Mar. 31, 2024 $ / shares shares	Dec. 31, 2023 USD ($) shares	May 10, 2023 shares	Mar. 02, 2023 shares
Subsidiary, Sale of Stock [Line Items]
Cash dividend paid (usd per share) \| $ / shares	$ 0.25
Cash dividends declared	$ 28,018
Dividends payable, conditional upon shareholder approval (in dollars per share) \| $ / shares				$ 0.075
Dividends payable, conditional upon shareholder approval					$ 50,300
Common stock, authorized (in shares) \| shares				400,000,000	400,000,000
Common stock, outstanding (in shares) \| shares				112,071,149	111,737,245
Distribution to noncontrolling interest	5,996	$ 4,502
Goldman Sachs International \| Securities Lending Agreement \| WM Cayman I
Subsidiary, Sale of Stock [Line Items]
Common stock, authorized (in shares) \| shares							459,774,985
Common stock, outstanding (in shares) \| shares						179,774,985
Wynn Palace and Wynn Macau
Subsidiary, Sale of Stock [Line Items]
Percentage of ownership				72.00%
Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Dividends payable (usd per share) \| $ / shares			$ 0.25
Accumulated deficit
Subsidiary, Sale of Stock [Line Items]
Cash dividends declared	28,018
Dividend Paid \| Accumulated deficit
Subsidiary, Sale of Stock [Line Items]
Cash dividends declared	$ 28,000

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded an income tax expense of $20.0 million and $1.0 million for the three months ended March 31, 2024 and 2023, respectively, primarily related to its U.S.-based operating profits. The difference between the statutory tax rate of 21% and the effective tax rate of 10.2% is due to the exemption from Macau’s 12% Complementary Tax on casino gaming profits that Wynn Macau SA received.

- 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
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Topic 740
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-Topic 740
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-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	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash equivalents	$ 1,201,875	$ 1,802,712
Fixed deposits	550,000	550,000
Liabilities:
WML Convertible Bond Conversion Option Derivative	90,025	73,744
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	1,201,875	1,802,712
Restricted cash	90,146	90,226
Fixed deposits	550,000	550,000
Interest rate collar	4,136	5,769
Liabilities:
WML Convertible Bond Conversion Option Derivative	90,025	73,744
Fair Value, Measurements, Recurring \| Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	0	0
Restricted cash	2,178	2,170
Fixed deposits	0	0
Interest rate collar	0	0
Liabilities:
WML Convertible Bond Conversion Option Derivative	0	0
Fair Value, Measurements, Recurring \| Other Observable Inputs (Level 2)
Assets:
Cash equivalents	1,201,875	1,802,712
Restricted cash	87,968	88,056
Fixed deposits	550,000	550,000
Interest rate collar	4,136	5,769
Liabilities:
WML Convertible Bond Conversion Option Derivative	0	0
Fair Value, Measurements, Recurring \| Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Restricted cash	0	0
Fixed deposits	0	0
Interest rate collar	0	0
Liabilities:
WML Convertible Bond Conversion Option Derivative	$ 90,025	$ 73,744

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures herein are adequate to make the information presented not misleading. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary to a fair presentation of the results for the interim periods presented. The results for the three months ended March 31, 2024 are not necessarily indicative of results to be expected for any other interim period or the full fiscal year ending December 31, 2024. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries, and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 16, "Retail Joint Venture." 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. All significant intercompany accounts and transactions have been eliminated. During the three months ended March 31, 2024, Wynn Interactive Ltd. no longer met the requirements for a reportable segment. As a result, its assets and results of operations are presented in Corporate and other and previous period amounts have been reclassified to be consistent with the current period presentation of the Company's reportable segments. These reclassifications had no effect on the previously reported net income or operating income (loss). For information on the Company's reportable segments, see Note 17, "Segment Information." Use of Estimates The preparation of condensed 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. Gaming Taxes The Company is subject to taxes based on gross gaming revenues in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Income. These taxes totaled $488.8 million and $310.4 million for the three months ended March 31, 2024 and 2023, respectively. Investments As of March 31, 2024, the Company held $550.0 million in fixed deposits, recorded at fair value, and $298.7 million in debt securities, recorded at amortized cost within Investments on the Condensed Consolidated Balance Sheets. The estimated fair value of the Company's debt securities as of March 31, 2024 was approximately $298.6 million and the gross unrecognized holding loss was $0.1 million. As of March 31, 2024, the Company had $12.2 million in accrued interest on its debt securities, recorded in Investments on the Condensed Consolidated Balance Sheets. 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 Condensed 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 Condensed 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 three months ended March 31, 2024 and 2023, no impairment was recognized. 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 impairment testing annually, or more frequently if events or changes in circumstances indicate that this asset may be impaired. As of March 31, 2024 and December 31, 2023, the Company had a goodwill balance of $18.5 million, recorded in Goodwill and intangible assets, net on the Condensed Consolidated Balance Sheets. During the three months ended March 31, 2024, no impairment was recognized. Recently Issued Accounting Standards The Company’s management has evaluated the recently issued, but not yet effective, accounting standards that have been issued or proposed by the Financial Accounting Standards Board or other standard-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.

Cash, Cash Equivalents and Restricted Cash (Tables)

3 Months Ended

Mar. 31, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

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


	March 31, 2024		December 31, 2023
Cash and cash equivalents:
Cash (1)	$	1,218,328	$	1,076,474
Cash equivalents (2)	1,201,875		1,802,712
Total cash and cash equivalents	2,420,203		2,879,186
Restricted cash (3)	90,146		90,226
Total cash, cash equivalents and restricted cash	$	2,510,349	$	2,969,412
(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, cash held in a trust in accordance with WML's share award plan, and as of March 31, 2024 and December 31, 2023 included $86.9 million and $87.0 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support the legal and contractual obligations of Wynn Resorts (Macau) S.A. ("Wynn Macau SA") through the term of Wynn Macau SA's gaming concession contract.

Schedule of Restricted Cash and Cash Equivalents

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


	March 31, 2024		December 31, 2023
Cash and cash equivalents:
Cash (1)	$	1,218,328	$	1,076,474
Cash equivalents (2)	1,201,875		1,802,712
Total cash and cash equivalents	2,420,203		2,879,186
Restricted cash (3)	90,146		90,226
Total cash, cash equivalents and restricted cash	$	2,510,349	$	2,969,412
(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, cash held in a trust in accordance with WML's share award plan, and as of March 31, 2024 and December 31, 2023 included $86.9 million and $87.0 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support the legal and contractual obligations of Wynn Resorts (Macau) S.A. ("Wynn Macau SA") through the term of Wynn Macau SA's gaming concession contract.

Schedule of Supplemental Cash Flow Disclosures

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


	Three Months Ended March 31,
	2024		2023
Cash paid for interest, net of amounts capitalized	$	183,812	$	181,667
Liability settled with shares of common stock	$	8,015	$	6,639
Accounts and construction payables related to property and equipment	$	58,096	$	42,911
Other liabilities related to intangible assets (1)	$	199,807	$	203,926
Finance lease liabilities arising from obtaining finance lease assets	$	3,333	$	400
Financing costs included in accounts payable and other liabilities	$	850	$	1,804

(1) For the three months ended March 31, 2024 and 2023, included $196.9 million and $199.6 million related to the Macau gaming premium in connection with Wynn Macau SA's gaming concession contract.

Stock-Based Compensation

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

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


	Three Months Ended March 31,
	2024		2023
Casino	$	675	$	477
Rooms	228		206
Food and beverage	412		409
Entertainment, retail and other	746		2,633
General and administrative	12,308		10,985
Total stock-based compensation expense	14,369		14,710
Total stock-based compensation capitalized	1,302		766
Total stock-based compensation costs	$	15,671	$	15,476

Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Summary of Operations by Segment

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


	Three Months Ended March 31,
	2024		2023
Operating revenues
Macau Operations:
Wynn Palace
Casino	$	473,781	$	270,687
Rooms	53,936		46,910
Food and beverage	32,070		23,553
Entertainment, retail and other (1)	27,114		28,213
	586,901		369,363
Wynn Macau
Casino	346,353		176,383
Rooms	28,619		21,971
Food and beverage	21,019		14,302
Entertainment, retail and other (1)	15,753		18,070
	411,744		230,726
Total Macau Operations	998,645		600,089

Las Vegas Operations:
Casino	135,163		154,530
Rooms	224,076		185,109
Food and beverage	193,610		172,483
Entertainment, retail and other (1)	83,699		74,642
Total Las Vegas Operations	636,548		586,764

Encore Boston Harbor:
Casino	166,169		165,392
Rooms	20,783		18,539
Food and beverage	20,239		22,273
Entertainment, retail and other (1)	10,593		10,102
Total Encore Boston Harbor	217,784		216,306

Corporate and other:
Entertainment, retail and other	9,932		20,520
Total Corporate and other	9,932		20,520

Total operating revenues	$	1,862,909	$	1,423,679

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


	Three Months Ended March 31,
	2024		2023
Adjusted Property EBITDAR (1)
Macau Operations:
Wynn Palace	$	202,370	$	111,058
Wynn Macau	137,186		44,745
Total Macau Operations	339,556		155,803
Las Vegas Operations	246,262		231,597
Encore Boston Harbor	63,135		63,414
Corporate and other	(2,418)		(21,068)
Total	646,535		429,746
Other operating expenses
Pre-opening	2,035		4,478
Depreciation and amortization	174,933		168,812
Property charges and other	16,948		2,458
Corporate expenses and other	39,905		34,490
Stock-based compensation	14,369		14,710
Triple-net operating lease rent expense	35,404		35,283
Total other operating expenses	283,594		260,231
Operating income	362,941		169,515
Other non-operating income and expenses
Interest income	40,172		40,193
Interest expense, net of amounts capitalized	(182,404)		(187,740)
Change in derivatives fair value	(17,914)		23,046
Loss on debt financing transactions	(1,561)		(12,236)
Other	(4,722)		(30,614)
Total other non-operating income and expenses	(166,429)		(167,351)
Income before income taxes	196,512		2,164
Provision for income taxes	(20,014)		(1,018)
Net income	176,498		1,146
Net (income) loss attributable to noncontrolling interests	(32,282)		11,186
Net income attributable to Wynn Resorts, Limited	$	144,216	$	12,332

(1) "Adjusted Property EBITDAR" is net income before interest, income taxes, depreciation and amortization, pre-opening expenses, 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 preopening 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 as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property 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.

Summary of Assets by Segment


	March 31, 2024		December 31, 2023
Assets
Macau Operations:
Wynn Palace	$	2,866,726	$	2,936,264
Wynn Macau	1,883,289		1,864,211
Other Macau	846,476		886,175
Total Macau Operations	5,596,491		5,686,650
Las Vegas Operations	3,105,432		3,173,247
Encore Boston Harbor	1,982,407		2,006,565
Corporate and other	2,786,406		3,129,761
Total	$	13,470,736	$	13,996,223

Long-Term Debt - Summary of Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,269,137		$ 11,826,986
Long-term debt	11,211,618		11,738,337
Unamortized debt issuance costs and original issue discounts and premium, net	147,544		162,393
WM Cayman Holdings Limited II \| WM Cayman II Revolver, due 2025 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,346,764		1,497,610
Weighted average interest rate (percent)	6.80%
Available borrowing capacity	$ 149,600
WML \| WML 4 1/2% Convertible Bonds, due 2029 \| Convertible Debt
Debt Instrument [Line Items]
Long-term debt, gross	600,000		600,000
Long-term debt	484,100
Unamortized debt issuance costs and original issue discounts and premium, net	115,900
Interest expense	6,800	$ 1,800
Amortization of debt issuance costs and discounts	4,600	$ 1,100
WRF \| Senior Revolving Credit Facility, Due 2024 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Available borrowing capacity	737,200
Outstanding letters of credit	12,800
Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) \| Retail Term Loan, due 2025 \| Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 615,000		$ 615,000
SOFR \| WM Cayman Holdings Limited II \| WM Cayman II Revolver, due 2025 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate	0.10%
SOFR \| WRF \| Senior Secured Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate	1.85%
SOFR \| WRF \| WRF Credit Facilities
Debt Instrument [Line Items]
Weighted average interest rate (percent)	7.18%
SOFR \| Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) \| Retail Term Loan, due 2025 \| Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate	1.80%
Interest rate during period	5.47%
HIBOR or LIBOR \| WM Cayman Holdings Limited II \| WM Cayman II Revolver, due 2025 \| Senior Secured Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Interest in addition to variable rate	1.875%
HIBOR or LIBOR \| WM Cayman Holdings Limited II \| WM Cayman II Revolver, due 2025 \| Senior Secured Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Interest in addition to variable rate	2.875%
LIBOR \| WM Cayman Holdings Limited II \| WM Cayman II Revolver, due 2025 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate	1.975%
Long-term debt, gross	$ 281,300
HIBOR \| WM Cayman Holdings Limited II \| WM Cayman II Revolver, due 2025 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate	1.875%
Long-term debt, gross	$ 1,070,000

Organization (Details)	Mar. 31, 2024
Island 3 AMI FZ-LLC
Organization and Basis of Presentation [Line Items]
Equity interest	40.00%
Wynn Palace and Wynn Macau
Organization and Basis of Presentation [Line Items]
Percentage of ownership	72.00%
Wynn Las Vegas
Organization and Basis of Presentation [Line Items]
Percentage of ownership	100.00%
Retail Joint Venture
Organization and Basis of Presentation [Line Items]
Percentage of ownership	50.10%

WML Convertible Bond Conversion Option Derivative (Tables)

3 Months Ended

Mar. 31, 2024

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 WML Convertible Bond Conversion Option Derivative:


	March 31, 2024			December 31, 2023
WML stock price	HK$	6.99		HK$	6.43
Estimated volatility	34.8		%	34.0		%
Risk-free interest rate	3.9		%	3.3		%
Expected term (years)	4.9			5.2
Dividend yield	0.0		%	0.0		%

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Betsy Atkins [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On February 26, 2024, Betsy Atkins, Director, Wynn Resorts, Limited, adopted a trading plan intended to satisfy the affirmative defense conditions under Rule 10b5-1(c) under the Exchange Act. The plan covers the sale of up to 2,446 shares of the Company's common stock at an established limit price. The plan expires on the earlier of the date all the shares under the plan are sold and December 31, 2024.
Name	Betsy Atkins
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 26, 2024
Arrangement Duration	309 days
Aggregate Available	2,446

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Feb. 29, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,269,137		$ 11,826,986
WML Convertible Bond Conversion Option Derivative	90,025		73,744
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(147,544)		(162,393)
Long-term debt total	11,211,618		11,738,337
Less: Current portion of long-term debt	(1,291,488)		(709,593)
Total long-term debt, net of current portion	9,920,130		11,028,744
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt total	3,300
WM Cayman Holdings Limited II \| WM Cayman II Revolver, due 2025 \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	1,346,764		1,497,610
WML \| WML 4 7/8% Senior Notes, due 2024 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000		600,000
Stated interest rate	4.875%
WML \| WML 5 1/2% Senior Notes, due 2026 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000		1,000,000
Stated interest rate	5.50%
WML \| WML 5 1/2% Senior Notes, due 2027 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000		750,000
Stated interest rate	5.50%
WML \| WML 5 5/8% Senior Notes, due 2028 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,350,000		1,350,000
Stated interest rate	5.625%
WML \| WML 5 1/8% Senior Notes, due 2029 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000		1,000,000
Stated interest rate	5.125%
WML \| WML 4 1/2% Convertible Bonds, due 2029 \| Convertible Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000		600,000
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(115,900)
Long-term debt total	$ 484,100
Stated interest rate	4.50%
WRF \| WRF Term Loan, due 2024 \| Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 72,739		73,683
WRF \| WRF Term Loan, due 2027 \| Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	721,324		730,692
WRF \| WRF 5 1/8% Senior Notes, due 2029 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000		750,000
Stated interest rate	5.125%
WRF \| WRF 7 1/8% Senior Notes, due 2031 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000		600,000
Long-term debt total		$ 409,500
Stated interest rate	7.125%
WLV \| WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 583,310		1,380,001
Stated interest rate	5.50%
WLV \| WLV 5 1/4% Senior Notes, due 2027 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 880,000		880,000
Stated interest rate	5.25%
Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) \| Retail Term Loan, due 2025 \| Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 615,000		$ 615,000

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Gaming tax expenses	$ 488,800,000	$ 310,400,000
Fixed deposits	550,000,000		$ 550,000,000
Investment securities, amortized cost	298,700,000		295,200,000
Investment securities, fair value	298,600,000		294,800,000
Investment securities, unrecognized holding loss	100,000		400,000
Investment securities, accrued interest	$ 12,200,000		$ 8,700,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Investments		Investments
Investment securities, impairment loss	$ 0	$ 0
Goodwill	18,500,000
Goodwill, impairment loss	$ 0

Stockholders' Deficit	3 Months Ended
Stockholders' Deficit	Mar. 31, 2024
Equity [Abstract]
Stockholders' Deficit	Stockholders' Deficit Dividends The Company paid a cash dividend of $0.25 per share on its common stock during the three months ended March 31, 2024 and recorded $28.0 million against accumulated deficit. On May 7, 2024, the Company's Board of Directors declared a cash dividend of $0.25 per share on its common stock, payable on May 31, 2024 to stockholders of record as of May 20, 2024. Noncontrolling Interests Wynn Macau, Limited The WML Board of Directors has recommended the payment of a final dividend of HK$0.075 per share on its common stock, for a total U.S. dollar equivalent of approximately $50.3 million, in respect of the year ended December 31, 2023. The payment of the final dividend is conditional upon shareholder approval at WML's 2024 Annual General Meeting to be held on May 30, 2024. WML Securities Lending Agreement In connection with the offering of the WML Convertible Bonds, 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. 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 three months ended March 31, 2024 and 2023, the Retail Joint Venture made aggregate distributions of approximately $6.0 million and $4.5 million, respectively, to its non-controlling interest holder. For more information on the Retail Joint Venture, see Note 16, "Retail Joint Venture."

- 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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+ Details

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Share Based Compensation Allocated Costs

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


	Three Months Ended March 31,
	2024		2023
Casino	$	675	$	477
Rooms	228		206
Food and beverage	412		409
Entertainment, retail and other	746		2,633
General and administrative	12,308		10,985
Total stock-based compensation expense	14,369		14,710
Total stock-based compensation capitalized	1,302		766
Total stock-based compensation costs	$	15,671	$	15,476

Retail Joint Venture - Additional information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Variable Interest Entities [Line Items]
Assets	$ 13,470,736	$ 13,996,223
Liabilities	14,417,116	15,097,157
Long-term debt	11,211,618	11,738,337
Retail Joint Venture \| Retail
Schedule of Variable Interest Entities [Line Items]
Assets	100,400	102,500
Liabilities	622,300	621,900
Long-term debt	$ 614,200	$ 614,100

- Definition

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

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+ Details

- Definition

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

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+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Retail Joint Venture	3 Months Ended
Retail Joint Venture	Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint Venture As of March 31, 2024 and December 31, 2023, the Retail Joint Venture had total assets of $100.4 million and $102.5 million, respectively, and total liabilities of $622.3 million and $621.9 million, respectively. As of March 31, 2024 and December 31, 2023, the Retail Joint Venture's liabilities included long-term debt of $614.2 million and $614.1 million, respectively, net of debt issuance costs, related to the outstanding borrowings under the Retail Term Loan.

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash paid for interest, net of amounts capitalized	$ 183,812	$ 181,667
Liability settled with shares of common stock	8,015	6,639
Accounts and construction payables related to property and equipment	58,096	42,911
Other liabilities related to intangible assets	199,807	203,926
Finance lease liabilities arising from obtaining finance lease assets	3,333	400
Financing costs included in accounts payable and other liabilities	850	1,804
Other liabilities related to intangible assets, gaming premium	$ 196,900	$ 199,600

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

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):


	Three Months Ended March 31,
	2024		2023
Numerator:
Net income attributable to Wynn Resorts, Limited - basic	$	144,216	$	12,332
Effect of dilutive securities of Wynn Resorts, Limited subsidiaries:
Assumed conversion of WML Convertible Bonds	—		(14,566)
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$	144,216	$	(2,234)

Denominator:
Weighted average common shares outstanding	111,023		112,753
Potential dilutive effect of stock options, nonvested, and performance nonvested shares	310		363
Weighted average common and common equivalent shares outstanding	111,333		113,116

Net income attributable to Wynn Resorts, Limited per common share, basic	$	1.30	$	0.11
Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted	$	1.30	$	(0.02)

Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share	281		38

Organization	3 Months Ended
Organization	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Wynn Resorts, Limited, a Nevada corporation (together with its subsidiaries, "Wynn Resorts" or the "Company"), is a designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming. In the Macau Special Administrative Region of the People's Republic of China ("Macau"), the Company owns approximately 72% of Wynn Macau, Limited ("WML"), which includes the operations of the Wynn Palace and Wynn Macau resorts. The Company refers to Wynn Palace and Wynn Macau as its Macau Operations. In Las Vegas, Nevada, the Company operates and, with the exception of certain retail space, owns 100% of Wynn Las Vegas. 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 has a 40% equity interest in Island 3 AMI FZ-LLC, an unconsolidated affiliate, which is constructing an integrated resort property ("Wynn Al Marjan Island") in Ras Al Khaimah, United Arab Emirates, currently expected to open in 2027.

WML Convertible Bond Conversion Option Derivative - Valuation Techniques for Embedded Derivative (Details)	Mar. 31, 2024	Dec. 31, 2023
WML stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	6.99	6.43
Estimated volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.348	0.340
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.039	0.033
Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	4.9	5.2
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.000	0.000

Earnings Per Share - Schedule of Shares used in Calculation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net income attributable to Wynn Resorts, Limited - basic	$ 144,216	$ 12,332
Assumed conversion of WML Convertible Bonds	0	(14,566)
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$ 144,216	$ (2,234)
Denominator:
Weighted average common shares outstanding (shares)	111,023	112,753
Potential dilutive effect of stock options and restricted stock (shares)	310	363
Weighted average common and common equivalent shares outstanding (shares)	111,333	113,116
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in usd per share)	$ 1.30	$ 0.11
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in usd per share)	$ 1.30	$ (0.02)
Antidilutive securities excluded from computation of earnings per share (shares)	281	38

Condensed Consolidated Statement of Stockholders' Deficit (unaudited) - USD ($) $ in Thousands	Total	Total Wynn Resorts, Ltd. stockholders' deficit	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive income	Accumulated deficit	Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2022			113,369,439
Beginning balance at Dec. 31, 2022	$ (1,640,365)	$ (750,838)	$ 1,323	$ (1,623,872)	$ 3,583,923	$ (404)	$ (2,711,808)	$ (889,527)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,146	12,332					12,332	(11,186)
Currency translation adjustment	15,163	10,879				10,879		4,284
Exercise of stock options (in shares)			25,284
Exercise of stock options	1,488	1,488			1,488
Issuance of restricted stock (in shares)			520,773
Issuance of restricted stock	6,639	6,639	$ 5		6,634
Cancellation of restricted stock (in shares)			(6,380)
Shares repurchased by the Company and held as treasury shares (in shares)			(107,181)
Shares repurchased by the Company and held as treasury shares	(10,834)	(10,834)		(10,834)
Distribution to noncontrolling interest	(4,502)							(4,502)
Transactions with subsidiary minority shareholders (in shares)			6,109
Transactions with subsidiary minority shareholders	0	(754)			(754)			754
Stock-based compensation	14,895	13,654			13,654			1,241
Ending balance (in shares) at Mar. 31, 2023			113,808,044
Ending balance at Mar. 31, 2023	(1,616,370)	(717,434)	$ 1,328	(1,634,706)	3,604,945	10,475	(2,699,476)	(898,936)
Beginning balance (in shares) at Dec. 31, 2023			111,737,245
Beginning 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	176,498	144,216					144,216	32,282
Currency translation adjustment	1,989	1,424				1,424		565
Exercise of stock options (in shares)			17,285
Exercise of stock options	1,017	1,017			1,017
Issuance of restricted stock (in shares)			439,668
Issuance of restricted stock	8,015	8,015	$ 5		8,010
Cancellation of restricted stock (in shares)			(4,214)
Shares repurchased by the Company and held as treasury shares (in shares)			(118,835)
Shares repurchased by the Company and held as treasury shares	(12,846)	(12,846)		(12,846)
Cash dividends declared	(28,018)	(28,018)					(28,018)	0
Distribution to noncontrolling interest	(5,996)							(5,996)
Transactions with subsidiary minority shareholders	0	(11,873)			(11,873)			11,873
Stock-based compensation	13,895	12,494			12,494			1,401
Ending balance (in shares) at Mar. 31, 2024			112,071,149
Ending balance at Mar. 31, 2024	$ (946,380)	$ (136,953)	$ 1,335	$ (1,849,172)	$ 3,656,809	$ 4,830	$ (1,950,755)	$ (809,427)

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Feb. 29, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 11,211,618	$ 11,211,618		$ 11,738,337
Debt instrument, fair value disclosure	11,040,000	11,040,000		11,490,000
Long-term debt, gross	11,269,137	11,269,137		11,826,986
WRF 2031 Senior Notes and WLV 2025 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Loss on restructuring of debt		1,600
Debt issuance costs	$ 5,600	5,600
WRF 7 1/8% Senior Notes, due 2031 \| Senior Notes \| WRF
Debt Instrument [Line Items]
Debt instrument, face amount			$ 400,000
Debt redemption price as percentage of principal	103.00%
Long-term debt			$ 409,500
Long-term debt, gross	$ 1,000,000	1,000,000		600,000
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	100.00%
Long-term debt	$ 3,300	3,300
Repurchased face amount	800,000	800,000
Debt instrument, early tender premium	$ 20,300	20,300
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes \| Period One
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	97.20%
Repurchased face amount	$ 681,000	681,000
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes \| Period Two
Debt Instrument [Line Items]
Repurchased face amount	119,000	119,000
WLV 5 1/2% Senior Notes, due 2025 \| Senior Notes \| WLV
Debt Instrument [Line Items]
Repayments of debt	796,700
Long-term debt, gross	$ 583,310	$ 583,310		$ 1,380,001

Segment Information

3 Months Ended

Mar. 31, 2024

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; and (iv) Encore Boston Harbor. 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 assets and results of operations of Wynn Interactive are presented in Corporate and other.

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


	Three Months Ended March 31,
	2024		2023
Operating revenues
Macau Operations:
Wynn Palace
Casino	$	473,781	$	270,687
Rooms	53,936		46,910
Food and beverage	32,070		23,553
Entertainment, retail and other (1)	27,114		28,213
	586,901		369,363
Wynn Macau
Casino	346,353		176,383
Rooms	28,619		21,971
Food and beverage	21,019		14,302
Entertainment, retail and other (1)	15,753		18,070
	411,744		230,726
Total Macau Operations	998,645		600,089

Las Vegas Operations:
Casino	135,163		154,530
Rooms	224,076		185,109
Food and beverage	193,610		172,483
Entertainment, retail and other (1)	83,699		74,642
Total Las Vegas Operations	636,548		586,764

Encore Boston Harbor:
Casino	166,169		165,392
Rooms	20,783		18,539
Food and beverage	20,239		22,273
Entertainment, retail and other (1)	10,593		10,102
Total Encore Boston Harbor	217,784		216,306

Corporate and other:
Entertainment, retail and other	9,932		20,520
Total Corporate and other	9,932		20,520

Total operating revenues	$	1,862,909	$	1,423,679

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


	Three Months Ended March 31,
	2024		2023
Adjusted Property EBITDAR (1)
Macau Operations:
Wynn Palace	$	202,370	$	111,058
Wynn Macau	137,186		44,745
Total Macau Operations	339,556		155,803
Las Vegas Operations	246,262		231,597
Encore Boston Harbor	63,135		63,414
Corporate and other	(2,418)		(21,068)
Total	646,535		429,746
Other operating expenses
Pre-opening	2,035		4,478
Depreciation and amortization	174,933		168,812
Property charges and other	16,948		2,458
Corporate expenses and other	39,905		34,490
Stock-based compensation	14,369		14,710
Triple-net operating lease rent expense	35,404		35,283
Total other operating expenses	283,594		260,231
Operating income	362,941		169,515
Other non-operating income and expenses
Interest income	40,172		40,193
Interest expense, net of amounts capitalized	(182,404)		(187,740)
Change in derivatives fair value	(17,914)		23,046
Loss on debt financing transactions	(1,561)		(12,236)
Other	(4,722)		(30,614)
Total other non-operating income and expenses	(166,429)		(167,351)
Income before income taxes	196,512		2,164
Provision for income taxes	(20,014)		(1,018)
Net income	176,498		1,146
Net (income) loss attributable to noncontrolling interests	(32,282)		11,186
Net income attributable to Wynn Resorts, Limited	$	144,216	$	12,332


	March 31, 2024		December 31, 2023
Assets
Macau Operations:
Wynn Palace	$	2,866,726	$	2,936,264
Wynn Macau	1,883,289		1,864,211
Other Macau	846,476		886,175
Total Macau Operations	5,596,491		5,686,650
Las Vegas Operations	3,105,432		3,173,247
Encore Boston Harbor	1,982,407		2,006,565
Corporate and other	2,786,406		3,129,761
Total	$	13,470,736	$	13,996,223

- 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

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+ Details

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Minimum rental income	$ 34,170	$ 33,838
Contingent rental income	20,639	28,764
Total rental income	$ 54,809	$ 62,602

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 176,498	$ 1,146
Other comprehensive income:
Foreign currency translation adjustments, before and after tax	1,989	15,163
Total comprehensive income	178,487	16,309
Less: comprehensive (income) loss attributable to noncontrolling interests	(32,847)	6,902
Comprehensive income attributable to Wynn Resorts, Limited	$ 145,640	$ 23,211

- 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

Receivables, net (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Receivables, net (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 337,814	$ 381,787
Less: allowance for credit losses	(40,622)	(40,075)
Receivables, net	$ 297,192	$ 341,712
Geographic Concentration Risk \| Receivables \| Outside the United States, primarily Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of markers due from customers	68.40%	68.20%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 172,491	$ 218,694
Allowance for credit losses, percent of gross casino receivables	20.70%	15.90%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 54,795	$ 54,596
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 110,528	$ 108,497

Receivables, net

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Receivables, net

Accounts Receivable and Credit Risk

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


	March 31, 2024		December 31, 2023
Casino	$	172,491	$	218,694
Hotel	54,795		54,596
Other	110,528		108,497
	337,814		381,787
Less: allowance for credit losses	(40,622)		(40,075)
	$	297,192	$	341,712

As of March 31, 2024 and December 31, 2023, approximately 68.4% and 68.2%, 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 20.7% and 15.9% of gross casino receivables as of March 31, 2024 and December 31, 2023, 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 periods presented (in thousands):


	March 31,
	2024		2023
Balance at beginning of year	$	40,075	$	78,842
Provision for credit losses	87		(544)
Write-offs	(2,519)		(22,220)
Recoveries of receivables previously written off	2,987		1,294
Effect of exchange rate	(8)		(236)
Balance at end of period	$	40,622	$	57,136

Fair Value Measurements

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

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


			Fair Value Measurements Using:
	March 31, 2024		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,201,875	$	—	$	1,201,875	$	—
Restricted cash	$	90,146	$	2,178	$	87,968	$	—
Fixed deposits	$	550,000	$	—	$	550,000	$	—
Interest rate collar	$	4,136	$	—	$	4,136	$	—

Liabilities:
WML Convertible Bond Conversion Option Derivative (see Note 7)	$	90,025	$	—	$	—	$	90,025

			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 7)	$	73,744	$	—	$	—	$	73,744

- 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

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 8,457,299	$ 8,459,085
Land and improvements	1,229,729	1,228,652
Furniture, fixtures and equipment	3,347,883	3,311,478
Airplanes	110,623	110,623
Construction in progress	188,842	162,592
Property and equipment, gross	13,334,376	13,272,430
Less: accumulated depreciation	(6,727,851)	(6,583,951)
Property and equipment, net	$ 6,606,525	$ 6,688,479

Property and Equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 158.1	$ 154.1

Stock-Based Compensation - Share Based Compensation Allocated Costs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 14,369	$ 14,710
Total stock-based compensation capitalized	1,302	766
Total stock-based compensation costs	15,671	15,476
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	675	477
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	228	206
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	412	409
Entertainment, retail and other
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	746	2,633
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 12,308	$ 10,985

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries, and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 16, "Retail Joint Venture." 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. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of condensed 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.
Gaming Taxes	Gaming Taxes The Company is subject to taxes based on gross gaming revenues in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Income.
Investments	Investments As of March 31, 2024, the Company held $550.0 million in fixed deposits, recorded at fair value, and $298.7 million in debt securities, recorded at amortized cost within Investments on the Condensed Consolidated Balance Sheets. The estimated fair value of the Company's debt securities as of March 31, 2024 was approximately $298.6 million and the gross unrecognized holding loss was $0.1 million. As of March 31, 2024, the Company had $12.2 million in accrued interest on its debt securities, recorded in Investments on the Condensed Consolidated Balance Sheets. 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 Condensed 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 Condensed 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.
Recently Issued and Adopted Accounting Standards	Recently Issued Accounting Standards The Company’s management has evaluated the recently issued, but not yet effective, accounting standards that have been issued or proposed by the Financial Accounting Standards Board or other standard-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.

WML Convertible Bond Conversion Option Derivative - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Derivative [Line Items]
WML Convertible Bond Conversion Option Derivative	$ 90,025		$ 73,744
Loss on embedded derivative	16,300	$ 24,900
WML Convertible Bonds \| Convertible Debt \| WML
Derivative [Line Items]
WML Convertible Bond Conversion Option Derivative	$ 90,000		$ 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Paragraph 6
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Section 50
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-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)(4)
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-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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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
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

Lessor Arrangements

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


	Three Months Ended March 31,
	2024		2023
Minimum rental income	$	34,170	$	33,838
Contingent rental income	20,639		28,764
Total rental income	$	54,809	$	62,602

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 40,075	$ 78,842
Provision for credit losses	87	(544)
Write-offs	(2,519)	(22,220)
Recoveries of receivables previously written off	2,987	1,294
Effect of exchange rate	(8)	(236)
Balance at end of period	$ 40,622	$ 57,136

Customer Contract Liabilities

3 Months Ended

Mar. 31, 2024

Revenue Recognition [Abstract]

Customer Contract Liabilties

Customer Contract Liabilities

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

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


	March 31, 2024		December 31, 2023		Increase / (decrease)		March 31, 2023		December 31, 2022		Increase / (decrease)
Casino outstanding chips and front money deposits (1)	$	393,603	$	433,269	$	(39,666)	$	376,911	$	390,531	$	(13,620)
Advance room deposits and ticket sales (2)	82,097		89,640		(7,543)		80,419		85,019		(4,600)
Other gaming-related liabilities (3)	20,526		24,964		(4,438)		33,452		31,265		2,187
Loyalty program and related liabilities (4)	28,747		31,106		(2,359)		37,524		35,083		2,441
	$	524,973	$	578,979	$	(54,006)	$	528,306	$	541,898	$	(13,592)

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

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

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

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

Customer Contract Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Revenue Recognition [Abstract]

Schedule of Customer Contract Liabilities

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


	March 31, 2024		December 31, 2023		Increase / (decrease)		March 31, 2023		December 31, 2022		Increase / (decrease)
Casino outstanding chips and front money deposits (1)	$	393,603	$	433,269	$	(39,666)	$	376,911	$	390,531	$	(13,620)
Advance room deposits and ticket sales (2)	82,097		89,640		(7,543)		80,419		85,019		(4,600)
Other gaming-related liabilities (3)	20,526		24,964		(4,438)		33,452		31,265		2,187
Loyalty program and related liabilities (4)	28,747		31,106		(2,359)		37,524		35,083		2,441
	$	524,973	$	578,979	$	(54,006)	$	528,306	$	541,898	$	(13,592)

Long-Term Debt

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Long-Term Debt

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


	March 31, 2024		December 31, 2023
Macau Related:
WM Cayman II Revolver, due 2025 (1)	$	1,346,764	$	1,497,610
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		600,000

U.S. and Corporate Related:
WRF Credit Facilities (3):
WRF Term Loan, due 2024	72,739		73,683
WRF Term Loan, due 2027	721,324		730,692
WLV 5 1/2% Senior Notes, due 2025	583,310		1,380,001
WLV 5 1/4% Senior Notes, due 2027	880,000		880,000
WRF 5 1/8% Senior Notes, due 2029	750,000		750,000
WRF 7 1/8% Senior Notes, due 2031	1,000,000		600,000
Retail Term Loan, due 2025 (4)	615,000		615,000
	11,269,137		11,826,986
WML Convertible Bond Conversion Option Derivative	90,025		73,744
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(147,544)		(162,393)
	11,211,618		11,738,337
Less: Current portion of long-term debt	(1,291,488)		(709,593)
Total long-term debt, net of current portion	$	9,920,130	$	11,028,744

(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 March 31, 2024, the interest rate was 5.47%.

WRF Senior Notes

In February 2024, Wynn Resorts Finance, LLC ("WRF") and its subsidiary, Wynn Resorts Capital Corp., 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 7 1/8% Senior Notes due 2031 (the "2031 WRF Senior Notes") and 5 1/8% Senior Notes due 2029 (the "2029 WRF 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 103.00% of the principal amount plus accrued interest, resulting in net proceeds of $409.5 million. The net proceeds from the 2031 WRF Add-On Senior Notes, together with cash held by Wynn Resorts, were used to repurchase an aggregate $796.7 million of the outstanding principal amount of the 2025 WLV Senior Notes (as defined below) and to pay the applicable tender premium and related fees and expenses.

In connection with the issuance of the 2031 WRF Add-On Senior Notes and the repurchase of the 2025 WLV Senior Notes (as further discussed below), the Company recognized a loss on debt financing transactions of $1.6 million within the accompanying Condensed Consolidated Statements of Income, and the Company recorded debt issuance costs of $5.6 million within the accompanying Condensed Consolidated Balance Sheet.

WLV Senior Notes

In February and March 2024, Wynn Las Vegas repurchased $800.0 million aggregate principal amount of its 5 1/2% Senior Notes due 2025 (the "2025 WLV Senior Notes"), which consisted of i) $681.0 million validly tendered notes repurchased at a price equal to 97.2% of the principal amount, plus accrued interest and an early tender premium of $20.3 million and ii) $119.0 million of notes repurchased on a pro-rata basis at a price equal of 100% of the principal amount plus accrued interest under the terms of its indenture. Included in the $119.0 million repurchase was $3.3 million of 2025 WLV Senior Notes held by Wynn Resorts. The Company used the net proceeds from the 2031 WRF Add-On Senior Notes and cash held by WRF, to purchase such validly tendered 2025 WLV Senior Notes and to pay the tender premium and related fees and expenses.

Debt Covenant Compliance

As of March 31, 2024, management believes the Company was in compliance with all debt covenants.

Fair Value of Long-Term Debt

The estimated fair value of the Company's long-term debt as of March 31, 2024 and December 31, 2023, was approximately $11.04 billion and $11.49 billion, respectively, compared to its carrying value, excluding debt issuance costs and original issue discount and premium, of $11.27 billion and $11.83 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).

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	May 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	000-50028
Entity Registrant Name	WYNN RESORTS, LIMITED
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	46-0484987
Entity Address, Address Line One	3131 Las Vegas Boulevard South
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89109
City Area Code	702
Local Phone Number	770-7555
Title of 12(b) Security	Common stock, par value $0.01
Trading Symbol	WYNN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		112,070,861
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Customer Contract Liabilities Schedule of Customer Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 393,603	$ 376,911	$ 433,269	$ 390,531
Change in outstanding chips and front money deposits	(39,666)	(13,620)
Advanced room deposits and ticket sales	82,097	80,419	89,640	85,019
Change in advanced room deposits and ticket sales	(7,543)	(4,600)
Other gaming related liabilities	20,526	33,452	24,964	31,265
Change in other gaming related liabilities	(4,438)	2,187
Loyalty program liabilities	28,747	37,524	31,106	35,083
Change in loyalty program liabilities	(2,359)	2,441
Total customer contract liabilities	524,973	528,306	$ 578,979	$ 541,898
Change in total customer contract liabilities	$ (54,006)	$ (13,592)

Segment Information - Summary of Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Assets	$ 13,470,736	$ 13,996,223
Corporate and other
Segment Reporting Information [Line Items]
Assets	2,786,406	3,129,761
Operating Segments \| Total Macau Operations
Segment Reporting Information [Line Items]
Assets	5,596,491	5,686,650
Operating Segments \| Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	3,105,432	3,173,247
Operating Segments \| Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	1,982,407	2,006,565
Operating Segments \| Macau \| Wynn Palace
Segment Reporting Information [Line Items]
Assets	2,866,726	2,936,264
Operating Segments \| Macau \| Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,883,289	1,864,211
Operating Segments \| Macau \| Other Macau
Segment Reporting Information [Line Items]
Assets	$ 846,476	$ 886,175