Wynn Resorts, Limited (WYNN) S-3ASR Automatic shelf registration

Exhibit 12

WYNN RESORTS, LIMITED

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Nine months ended September 30, 2016		Years ended December 31,
			2015		2014		2013		2012		2011
	(in thousands, except ratios)
Income before income taxes, noncontrolling interest and income from equity investees	$	177,032	$	287,424	$	957,513	$	985,438	$	731,912	$	804,095
Add: Fixed charges	293,719		363,774		357,214		316,797		297,874		236,498
Add: Amortization of capitalized interest	11,201		13,924		15,269		18,976		20,313		21,382
Add: Distributed income from equity investees	16		1,823		1,349		1,085		1,192		1,328
Less: Interest capitalized	92,428		53,327		33,458		10,485		2,028		—
Earnings as adjusted	$	389,540	$	613,618	$	1,297,887	$	1,311,811	$	1,049,263	$	1,063,303
Interest expensed (1)	193,698		300,906		315,062		299,022		288,759		229,918
Interest capitalized	92,428		53,327		33,458		10,485		2,028		—
Interest factor of rental expense (2)	7,593		9,541		8,694		7,290		7,087		6,580
Total fixed charges	$	293,719	$	363,774	$	357,214	$	316,797	$	297,874	$	236,498
Ratio of earnings to fixed charges (3)	1.33		1.69		3.63		4.14		3.52		4.50

We had no preferred stock issued and outstanding for any of the periods presented.

(1) Interest expensed includes amortization of deferred financing costs and original issue discount and premium on debt.

(2) Interest factor of rental expense is based on an estimate which the Company considers to be a reasonable approximation.

(3) The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges.