Wynn Resorts, Limited (WYNN) 10-Q 9 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	WYNN RESORTS LTD
Entity Central Index Key	1,174,922
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		108,587,045
Trading Symbol	WYNN

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 2,031,662	$ 2,804,474
Investment securities	29,208	166,773
Receivables, net	228,226	224,128
Inventories	67,579	71,636
Prepaid expenses and other	91,624	156,773
Total current assets	2,448,299	3,423,784
Property and equipment, net	8,887,843	8,498,756
Restricted cash	2,017	2,160
Investment securities	100,494	160,682
Intangible assets, net	212,384	123,705
Deferred income taxes, net	347,970	240,533
Other assets	216,167	232,119
Total assets	12,215,174	12,681,739
Current liabilities:
Accounts and construction payables	301,577	285,437
Customer deposits	1,036,946	1,049,629
Gaming taxes payable	225,304	211,600
Accrued compensation and benefits	114,719	140,450
Accrued interest	71,943	94,695
Current portion of long-term debt	121,714	62,690
Dividends Payable	138,337	0
Other accrued liabilities	88,369	85,789
Total current liabilities	2,098,909	1,930,290
Long-term debt	9,234,679	9,565,936
Other long-term liabilities	110,198	107,163
Total liabilities	11,443,786	11,603,389
Commitments and contingencies (Note 13)
Stockholders' equity:
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; 116,590,962 and 116,391,753 shares issued; 103,202,045 and 103,005,866 shares outstanding, respectively	1,166	1,164
Treasury stock, at cost; 13,388,917 and 13,385,887 shares, respectively	(1,184,967)	(1,184,468)
Additional paid-in capital	1,508,714	1,497,928
Accumulated other comprehensive loss	(1,874)	(1,845)
Retained earnings	388,523	635,067
Total Wynn Resorts, Limited stockholders' equity	711,562	947,846
Noncontrolling interests	59,826	130,504
Total stockholders' equity	771,388	1,078,350
Total liabilities and stockholders' equity	$ 12,215,174	$ 12,681,739

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	40,000,000	40,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	116,590,962	116,391,753
Common stock, shares outstanding	103,202,045	103,005,866
Treasury stock, shares	13,388,917	13,385,887

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating revenues:
Casino	$ 1,242,139	$ 989,740
Rooms	190,310	168,824
Food and beverage	172,222	164,533
Entertainment, retail and other	110,907	100,660
Total operating revenues	1,715,578	1,423,757
Operating expenses:
Casino	764,401	629,796
Rooms	63,197	60,767
Food and beverage	137,658	131,768
Entertainment, retail and other	48,030	47,065
General and administrative	169,585	159,962
Litigation Settlement	463,557	0
(Benefit) provision for doubtful accounts	691	(4,166)
Pre-opening	10,345	5,779
Depreciation and amortization	136,357	139,820
Property charges and other	3,051	3,036
Total operating expenses	1,796,872	1,173,827
Operating income (loss)	(81,294)	249,930
Other income (expense):
Interest income	7,220	6,471
Interest expense, net of amounts capitalized	(98,227)	(98,262)
Change in interest rate swap fair value	0	(771)
Change in Redemption Note fair value	(69,331)	(15,847)
Gain on extinguishment of debt	2,329	0
Other	(9,220)	(6,106)
Other income (expense), net	(167,229)	(114,515)
Income (loss) before income taxes	(248,523)	135,415
Benefit (provision) for income taxes	111,045	(2,890)
Net income (loss)	(137,478)	132,525
Less: net income attributable to noncontrolling interests	(66,829)	(31,709)
Net income (loss) attributable to Wynn Resorts, Limited	$ (204,307)	$ 100,816
Net income (loss) attributable to Wynn Resorts, Limited:
Basic (in dollars per share)	$ (1.99)	$ 0.99
Diluted (in dollars per share)	$ (1.99)	$ 0.99
Weighted average common shares outstanding:
Basic (in shares)	102,570	101,753
Diluted (in shares)	102,570	102,069
Dividends declared per common share (usd per share)	$ 0.50	$ 0.50

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (137,478)	$ 132,525
Other comprehensive income (loss):
Foreign currency translation adjustments, before and after tax	(1,831)	(1,171)
Change in net unrealized loss on investment securities, before and after tax	1,292	71
Redemption Note credit risk adjustment, net of tax of $2,735	9,211	0
Total comprehensive income (loss)	(128,806)	131,425
Less: comprehensive income attributable to noncontrolling interests	(66,319)	(31,384)
Comprehensive income (loss) attributable to Wynn Resorts, Limited	$ (195,125)	$ 100,041

Condensed Consolidated Stateme6

Condensed Consolidated Statement Of Stockholders' Equity (Deficit) (unaudited) - USD ($) $ in Thousands	Total	Total Wynn Resorts, Ltd. stockholders' equity	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive loss	Retained earnings	Noncontrolling interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative credit risk adjustment						$ (9,211)	$ 9,211
Beginning balance at Dec. 31, 2017	$ 1,078,350	$ 947,846	$ 1,164	$ (1,184,468)	$ 1,497,928	(1,845)	635,067	$ 130,504
Beginning balance (in shares) at Dec. 31, 2017	103,005,866		103,005,866
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (137,478)	(204,307)					(204,307)	66,829
Currency translation adjustment	(1,831)	(1,321)				(1,321)		(510)
Change in net unrealized loss on investment securities	1,292	1,292				1,292
Redemption Note credit risk adjustment	9,211	9,211				9,211
Issuance of restricted stock	1,800	1,299	$ 1		1,298			501
Issuance of restricted stock (in shares)			135,667
Cancellation of restricted stock (in shares)			(5,048)
Exercise of stock options (in shares)			68,590
Exercise of stock options	4,828	4,828	$ 1		4,827
Shares repurchased by the Company and held as treasury shares	(499)	(499)		(499)
Shares repurchased by the Company and held as treasury shares (in shares)			(3,030)
Cash dividends declared	(189,769)	(51,448)			0		(51,448)	(138,321)
Stock-based compensation	5,484	4,661			4,661			823
Ending balance at Mar. 31, 2018	$ 771,388	$ 711,562	$ 1,166	$ (1,184,967)	$ 1,508,714	$ (1,874)	$ 388,523	$ 59,826
Ending balance (in shares) at Mar. 31, 2018	103,202,045		103,202,045

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ (137,478)	$ 132,525
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	136,357	139,820
Deferred income taxes	(110,173)	2,170
Stock-based compensation expense	7,304	8,207
Amortization of debt issuance costs	9,361	6,200
Losses On Extinguishment Of Debt	2,166	0
(Benefit) provision for doubtful accounts	691	(4,166)
Change in interest rate swap fair value	0	771
Change in Redemption Note fair value	69,331	15,847
Property charges and other	16,613	7,840
Increase (decrease) in cash from changes in:
Receivables, net	(5,169)	37,043
Inventories and prepaid expenses and other	(7,492)	682
Customer deposits	(9,134)	135,018
Accounts payable and accrued expenses	(26,023)	(67,373)
Net cash (used in) provided by operating activities	(53,646)	414,584
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(514,536)	(145,632)
Purchase of investment securities	(32,040)	(77,514)
Proceeds from sale or maturity of investment securities	227,668	80,957
Purchase of intangible assets and other assets	(89,298)	(464)
Proceeds from sale of assets	93	20,198
Net cash used in investing activities	(408,113)	(122,455)
Cash flows from financing activities:
Proceeds from exercise of stock options	4,828	0
Dividends paid	(51,456)	(51,334)
Proceeds from note receivable from sale of ownership interest in subsidiary	75,000	0
Proceeds from issuance of long-term debt	1,673,605	0
Repayments of long-term debt	(1,977,045)	(331,159)
Repurchase of common stock	(499)	(8,489)
Payments for financing costs	(31,680)	0
Net cash used in financing activities	(307,247)	(390,982)
Effect of exchange rate on cash, cash equivalents and restricted cash	(3,949)	(791)
Cash, cash equivalents and restricted cash:
Decrease in cash, cash equivalents and restricted cash	(772,955)	(99,644)
Balance, beginning of period	2,806,634	2,645,945
Balance, end of period	2,033,679	2,546,301
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	111,618	135,418
Stock-based compensation capitalized into construction	0	2
Liability settled with shares of common stock	0	19,225
Change in accounts and construction payables related to property and equipment	14,870	40,896
Change in dividends payable on unvested restricted stock included in other accrued liabilities	(24)	(569)
Dividends payable to noncontrolling interests	$ 138,337	$ 0

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Organization Wynn Resorts, Limited, a Nevada corporation (together with its subsidiaries, "Wynn Resorts" or the "Company") is a developer, owner and operator of destination casino resorts (integrated resorts). 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 Macau and Wynn Palace resorts (collectively, the "Macau Operations"). In Las Vegas, Nevada, the Company operates and, with the exception of the retail space described below, owns 100% of Wynn Las Vegas, which it also refers to as its Las Vegas Operations. Macau Operations Wynn Macau features two luxury hotel towers with a total of 1,008 guest rooms and suites, approximately 273,000 square feet of casino space, eight food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 59,000 square feet of retail space, a rotunda show and recreation and leisure facilities. Wynn Palace features a luxury hotel tower with 1,706 guest rooms, suites and villas, approximately 424,000 square feet of casino space, 11 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 106,000 square feet of retail space, public attractions, including a performance lake and floral art displays, and recreation and leisure facilities. Las Vegas Operations Wynn Las Vegas features two luxury hotel towers with a total of 4,748 guest rooms, suites and villas, approximately 192,000 square feet of casino space, 33 food and beverage outlets, approximately 290,000 square feet of meeting and convention space, approximately 106,000 square feet of retail space (the majority of which is owned and operated under a joint venture of which the Company owns 50.1% ), as well as two theaters, three nightclubs and a beach club, and recreation and leisure facilities. In December 2016, the Company entered into a joint venture arrangement (the "Retail Joint Venture") with Crown Acquisitions Inc. ("Crown") to own and operate approximately 88,000 square feet of existing retail space. In November 2017, the Company contributed approximately 74,000 square feet of additional retail space to the Retail Joint Venture, the majority of which is currently under construction at Wynn Las Vegas. The Company expects to open the additional retail space in the second half of 2018. For more information on the Retail Joint Venture, see Note 12, "Retail Joint Venture." Development Projects The Company is currently constructing Encore Boston Harbor, an integrated resort in Everett, Massachusetts, adjacent to Boston along the Mystic River. The resort will contain a hotel, a waterfront boardwalk, meeting and convention space, casino space, a spa, retail offerings and food and beverage outlets. The Company expects to open Encore Boston Harbor in mid-2019. The Company has begun site preparation and pre-construction activities for the re-development of the Wynn Las Vegas golf course, which the Company closed in the fourth quarter of 2017. Phase 1 of the project is expected to include a lagoon and additional meeting and convention space. The Company expects to open Phase 1 in the first quarter of 2020. 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, all adjustments (which, except as otherwise described in Note 2 below, include only normal recurring adjustments) necessary for a fair presentation of the results for the interim periods have been made. The results for the three months ended March 31, 2018 are not necessarily indicative of results to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2017 .

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies 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 a variable interest entity ("VIE") for which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 12, "Retail Joint Venture." All intercompany accounts and transactions have been eliminated. Certain prior period amounts have been reclassified to be consistent with current year presentation. Such reclassifications relate to the adoption of new accounting guidance as further described below in "Recently Adopted Accounting Standards" and had no effect on the previously reported net income. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and include both U.S. dollar-denominated and foreign-currency denominated securities. Cash equivalents are carried at cost, which approximates fair value. Cash, cash equivalents and restricted cash consisted of the following (in thousands): March 31, December 31, Cash and cash equivalents: Cash (1) $ 1,199,697 $ 2,354,244 Cash equivalents (2) 831,965 450,230 2,031,662 2,804,474 Restricted cash (3) 2,017 2,160 Total cash, cash equivalents and restricted cash $ 2,033,679 $ 2,806,634 (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 held in trust in accordance with WML's share award plan. Investment Securities Investment securities consist of domestic and foreign short-term and long-term investments in corporate bonds reported at fair value, with unrealized gains and losses, net of tax, reported in other comprehensive income (loss). Short-term investments have a maturity date of less than one year and long-term investments are those with a maturity date greater than one year. The Company limits the amount of exposure to any one issuer with the objective of minimizing the potential risk of principal loss. Management determines the appropriate classification of its securities at the time of purchase and reevaluates such designation as of each balance sheet date. Adjustments are made for amortization of premiums and accretion of discounts to maturity computed under the effective interest method. Such amortization is included in interest income together with realized gains and losses and the stated interest on such securities. Accounts Receivable and Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues credit in the form of "markers" to approved casino customers following investigations of creditworthiness. As of March 31, 2018 and December 31, 2017 , approximately 84.6% and 81.7% , respectively, of the Company's markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in these countries could affect the collectability of such receivables. Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are initially recorded at cost. An estimated allowance for doubtful accounts is maintained to reduce the Company's receivables to their carrying amount, which approximates fair value. The allowance estimate reflects specific review of customer accounts and outstanding gaming promoter accounts as well as management's experience with historical and current collection trends and current economic and business conditions. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received. Receivables, net consisted of the following (in thousands): March 31, December 31, Casino $ 180,955 $ 173,664 Hotel 23,878 22,487 Other 54,560 58,577 259,393 254,728 Less: allowance for doubtful accounts (31,167 ) (30,600 ) $ 228,226 $ 224,128 Derivative Financial Instruments Derivative financial instruments are used to manage interest rate and foreign currency exposures. These derivative financial instruments include interest rate swaps and foreign currency forward contracts. The fair value of derivative financial instruments is recognized as an asset or liability at each balance sheet date, with changes in fair value affecting net income (loss) as the Company's derivative financial instruments do not qualify for hedge accounting. Redemption Note On February 18, 2012, pursuant to its articles of incorporation, the Company redeemed and canceled all Aruze USA, Inc.’s ("Aruze") 24,549,222 shares of Wynn Resorts’ common stock. In connection with the redemption of the shares, the Company issued a promissory note (the "Redemption Note") with a principal amount of $1.94 billion , a maturity date of February 18, 2022 and an interest rate of 2% per annum, payable annually in arrears on each anniversary of the date of the Redemption Note. The Redemption Note was recorded at fair value in accordance with applicable accounting guidance. The Company repaid the principal amount in full on March 30, 2018. As of December 31, 2017, the fair value of the Redemption Note was $1.88 billion . In determining this fair value, the Company estimated the Redemption Note's present value using discounted cash flows with a probability weighted expected return for redemption assumptions and a discount rate, which included time value and non-performance risk adjustments commensurate with the risk of the Redemption Note. Considerations for the redemption assumptions included the stated maturity of the Redemption Note, uncertainty of the related cash flows, as well as potential effects of the following: uncertainties surrounding the potential outcome and timing of litigation with Aruze, Universal Entertainment Corporation and Mr. Kazuo Okada (collectively, the "Okada Parties") (see Note 13, "Commitments and Contingencies"); the outcome of ongoing investigations of Aruze by the U.S. Attorney's Office, the U.S. Department of Justice and the Nevada Gaming Control Board; and other potential legal and regulatory actions. In addition, in the furtherance of various future business objectives, the Company considered its ability, at its sole option, to prepay the Redemption Note at any time in accordance with its terms without penalty. Accordingly, the Company reasonably determined that the estimated life of the Redemption Note could be less than its contractual life. In determining the appropriate discount rate to be used to calculate the estimated present value, the Company considered the Redemption Note's subordinated position and credit risk relative to all other debt in the Company's capital structure and credit ratings associated with the Company's traded debt. Observable inputs for the risk free rate were based on Federal Reserve rates for U.S. Treasury securities and the credit risk spread was based on a yield curve index of similarly rated debt. Revenue Recognition The Company’s revenue contracts with customers consist of casino wagers and sales of rooms, food and beverage, entertainment, retail and other goods and services. Gross casino revenues are measured by the aggregate net difference between gaming wins and losses. The Company applies a practical expedient by accounting for its casino wagering transactions on a portfolio basis versus an individual basis as all wagers have similar characteristics. Commissions rebated to customers either directly or indirectly through games promoters and cash discounts and other cash incentives earned by customers are recorded as a reduction of casino revenues. In addition to the wager, casino transactions typically include performance obligations related to complimentary goods or services provided to incentivize future gaming or in exchange for points earned under the Company’s loyalty programs. For casino transactions that include complimentary goods or services provided by the Company to incentivize future gaming, the Company allocates the standalone selling price of each good or service to the appropriate revenue type based on the good or service provided. Complimentary goods or services that are provided under the Company’s control and discretion and supplied by third parties, are recorded as an operating expense. The Company offers loyalty programs at both its Macau Operations and its Las Vegas Operations. Under the program at its Macau Operations, customers earn points based on their level of table games and slots play, which can be redeemed for free play, gifts and complimentary goods or services provided by the Company. Under the program at its Las Vegas Operations, customers earn points based on their level of slots play, which can be redeemed for free play. For casino transactions that include points earned under the Company’s loyalty programs, the Company defers a portion of the revenue by recording the estimated standalone selling price of the earned points that are expected to be redeemed as a liability. Upon redemption of the points for Company-owned goods or services, the standalone selling price of each good or service is allocated to the appropriate revenue type based on the good or service provided. Upon the redemption of the points with third parties, the redemption amount is deducted from the liability and paid directly to the third party. After allocating amounts to the complimentary goods or services provided and to the points earned under the Company’s loyalty programs, the residual amount is recorded as casino revenue when the wager is settled. The transaction price for rooms, food and beverage, entertainment, retail and other transactions is the net amount collected from the customer for such goods and services and is recorded as revenue when the goods are provided, services are performed or events are held. Sales tax and other applicable taxes collected by the Company are excluded from revenues. Advance deposits on rooms and advance ticket sales are performance obligations that are recorded as customer deposits until services are provided to the customer. Revenues from contracts with multiple goods or services are allocated to each good or service based on its relative standalone selling price. Entertainment, retail and other revenue also includes lease revenue, which is recognized on a time proportion basis over the lease term. Contingent lease revenue is recognized when the right to receive such revenue is established according to the lease agreements. 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, which taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Operations. These taxes totaled $610.0 million and $496.7 million for the three months ended March 31, 2018 and 2017 , respectively. Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss Comprehensive income (loss) includes net income (loss) and all other non-stockholder changes in equity, or other comprehensive income (loss). Components of the Company's comprehensive income (loss) are reported in the accompanying Condensed Consolidated Statements of Stockholders' Equity and Condensed Consolidated Statements of Comprehensive Income (Loss). The following table presents the changes by component, net of tax and noncontrolling interests, in accumulated other comprehensive loss of the Company (in thousands): Foreign Unrealized Redemption Note Accumulated January 1, 2018 $ (553 ) $ (1,292 ) $ — $ (1,845 ) Cumulative credit risk adjustment (1) — — (9,211 ) (9,211 ) Change in net unrealized loss (1,321 ) (1,339 ) 7,690 5,030 Amounts reclassified to net loss (2) — 2,631 1,521 4,152 Other comprehensive income (loss) (1,321 ) 1,292 9,211 9,182 March 31, 2018 $ (1,874 ) $ — $ — $ (1,874 ) (1) On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") No. 2016-01, Financial Instruments . The adjustment to the beginning balance represents the cumulative effect of the change in instrument-specific credit risk on the Redemption Note. See "Recently Adopted Accounting Standards—Financial Instruments" below for additional information. (2) The amounts reclassified to net loss include $1.7 million for other-than-temporary impairment losses and $0.9 million in realized losses, both related to investment securities, and a $1.5 million realized gain related to the repayment of the Redemption Note. Fair Value Measurements The Company measures certain of its financial assets and liabilities at fair value on a recurring basis pursuant to accounting standards for fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. These accounting standards establish a three-tier fair value hierarchy, which prioritizes the inputs used to measure fair value. These tiers include: • Level 1 - Observable inputs such as quoted prices in active markets. • Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable. • Level 3 - Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: March 31, Quoted Other Unobservable Assets: Cash equivalents $ 831,965 $ 884 $ 831,081 — Available-for-sale securities $ 129,702 — $ 129,702 — Restricted cash $ 2,017 — $ 2,017 — Fair Value Measurements Using: December 31, Quoted Other Unobservable Assets: Cash equivalents $ 450,230 $ 11,200 $ 439,030 — Available-for-sale securities $ 327,455 — $ 327,455 — Restricted cash $ 2,160 — $ 2,160 — Liabilities: Redemption Note $ 1,879,058 — $ 1,879,058 — Recently Adopted Accounting Standards Revenue Recognition Standard In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , which amends the existing revenue recognition guidance and creates a new topic for Revenue from Contracts with Customers. The guidance provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. This guidance also substantially revises required interim and annual disclosures. The Company adopted the guidance on January 1, 2018, which resulted in the following significant impacts on its Condensed Consolidated Financial Statements: • The promotional allowances line item was eliminated from the Condensed Consolidated Statements of Operations with the majority of the amount being netted against casino revenues. • The estimated cost of providing complimentary goods or services will no longer be allocated primarily to casino expenses from other operating departments as the new guidance requires revenues and expenses associated with providing complimentary goods or services to be classified based on the goods or services provided. • The portion of junket commissions previously recorded as a casino expense is now recorded as a reduction of casino revenue. • Mandatory service charges on food and beverage are now recorded on a gross basis with the amount received from the customer recorded as food and beverage revenue and the corresponding amount paid to employees recorded as food and beverage expense. Certain prior period amounts have been reclassified to reflect the full retrospective adoption of the guidance. There was no impact on the Company’s financial condition, operating income or net income. The table below provides a reconciliation of amounts previously reported and the resulting impacts from the adoption of the new revenue recognition guidance (in thousands): Three Months Ended March 31, 2017 As Previously Reported Adoption of ASC 606 As Adjusted Gross revenues $ 1,587,236 $ (163,479 ) $ 1,423,757 Promotional allowances (111,556 ) 111,556 — Operating revenues 1,475,680 (51,923 ) 1,423,757 Operating expenses 1,225,750 (51,923 ) 1,173,827 Operating income $ 249,930 $ — $ 249,930 Financial Instruments In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 824-10): Recognition and Measurement of Financial Assets and Financial Liabilities , which requires equity investments to be measured at fair value with changes in fair value recognized through net income (other than those accounted for under the equity method of accounting or those that result in consolidation of the investee). The update also requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This update eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The Company adopted this guidance on January 1, 2018, which resulted in a $9.2 million cumulative unrealized loss, net of tax, being recorded to accumulated other comprehensive loss with a corresponding increase to retained earnings. The adjustment represents the portion of the cumulative change in the Redemption Note fair value resulting from the change in the instrument-specific credit risk previously included in other income (expense) on the Condensed Consolidated Statements of Operations. Restricted Cash In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows - Restricted Cash (Topic 230) , which amends the existing guidance relating to the disclosure of restricted cash and restricted cash equivalents on the statement of cash flows. The ASU requires that amounts generally described as restricted cash or restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this guidance on January 1, 2018 on a retrospective basis and the updated disclosures are reflected for the periods presented in the Condensed Consolidated Statements of Cash Flows. For the three months ended March 31, 2017, the change in restricted cash of $189.9 million was previously reported within net cash used in financing activities. Accounting Standards Issued But Not Yet Adopted Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which amends the existing guidance relating to the definition of a lease, recognition of lease assets and lease liabilities on the balance sheet, and the disclosure of key information about leasing activities. Under the new guidance, lessees will be required to recognize a right-of-use asset and lease liability on the balance sheet, measured on a discounted basis. Operating leases are currently not recognized on the balance sheet. Lessor accounting will remain largely unchanged, other than certain targeted improvements intended to align lessor accounting with the lessee accounting model and with the updated revenue recognition guidance. Lessees and lessors are required to apply a modified retrospective transition approach for leases existing at the beginning of the earliest comparative period presented in the adoption-period financial statements. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. The ASU will be effective for the Company on January 1, 2019, with early adoption permitted. The Company is currently assessing the impact the guidance will have on its Consolidated Financial Statements and related disclosures.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") is computed by dividing net income (loss) attributable to Wynn Resorts, Limited 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, Limited 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. 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, 2018 2017 Numerator: Net income (loss) attributable to Wynn Resorts, Limited $ (204,307 ) $ 100,816 Denominator: Weighted average common shares outstanding 102,570 101,753 Potential dilutive effect of stock options and restricted stock — 316 Weighted average common and common equivalent shares outstanding 102,570 102,069 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ (1.99 ) $ 0.99 Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ (1.99 ) $ 0.99 Anti-dilutive stock options and restricted stock excluded from the calculation of diluted net income per share 1,139 689

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities Investment securities consisted of the following (in thousands): As of March 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (net carrying amount) Domestic and foreign corporate bonds $ 129,702 $ — $ — $ 129,702 As of December 31, 2017 Domestic and foreign corporate bonds $ 328,747 $ 6 $ (1,298 ) $ 327,455 The Company assesses for indicators of other-than-temporary impairment on a quarterly basis. The Company determines whether (i) it does not have the intent to sell any of these investments, and (ii) it will not likely be required to sell these investments prior to the recovery of the amortized cost. During the three months ended March 31, 2018 , the Company determined it had an other-than-temporary impairment and recorded a loss of $1.7 million . The Company obtains pricing information in determining the fair value of its available-for-sale securities from independent pricing vendors. Based on management's inquiries, the pricing vendors use various pricing models consistent with what other market participants would use. The assumptions and inputs used by the pricing vendors are derived from market observable sources including: reported trades, broker/dealer quotes, issuer spreads, benchmark curves, bids, offers and other market-related data. The Company has not made adjustments to such prices. Each quarter, the Company validates the fair value pricing methodology to determine the fair value is consistent with applicable accounting guidance and to confirm that the securities are classified properly in the fair value hierarchy. The Company compares the pricing received from its vendors to independent sources for the same or similar securities. The fair values of these investment securities as of March 31, 2018 , by contractual maturity, are as follows (in thousands): Fair value Available-for-sale securities Due in one year or less $ 29,208 Due after one year through two years 73,588 Due after two years through three years 26,906 $ 129,702

Property and Equipment, net

Property and Equipment, net	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following (in thousands): March 31, December 31, Buildings and improvements $ 7,584,099 $ 7,582,611 Land and improvements 1,102,108 853,738 Furniture, fixtures and equipment 2,247,415 2,211,974 Leasehold interests in land 312,925 314,068 Airplanes 158,840 158,840 Construction in progress 1,242,900 1,016,207 12,648,287 12,137,438 Less: accumulated depreciation (3,760,444 ) (3,638,682 ) $ 8,887,843 $ 8,498,756 As of March 31, 2018 and December 31, 2017 , construction in progress consisted primarily of costs capitalized, including interest, for the construction of Encore Boston Harbor. Land acquisition During the first quarter of 2018, the Company acquired approximately 38 acres of land on the Las Vegas Strip directly across from Wynn Las Vegas for $336.2 million , approximately 16 acres of which are subject to a ground lease that expires in 2097. The ground lease has annual payments of $3.8 million for the next five years until 2023 and total payments of $370.7 million thereafter. The Company expects to use this land for future development. In accordance with asset acquisition accounting standards, the Company allocated the purchase price to the identifiable assets acquired based on the relative fair value of each component. As a result, the Company recorded $89.1 million of the purchase price as a definite-lived intangible asset, which represents the favorable terms of the assumed ground lease relative to the market. The Company will amortize this amount to rent expense on a straight-line basis over the remaining term of the ground lease.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): March 31, December 31, Macau Related: Wynn Macau Credit Facilities: Senior Term Loan Facility, due 2021 $ 2,295,072 $ 2,298,798 Senior Revolving Credit Facility, due 2020 623,401 — 4 7/8% Senior Notes, due 2024 600,000 600,000 5 1/2% Senior Notes, due 2027 750,000 750,000 U.S. and Corporate Related: Bridge Facility 800,000 — Wynn America Credit Facilities: Senior Term Loan Facility, due 2021 1,000,000 1,000,000 Senior Revolving Credit Facility, due 2021 250,000 — 4 1/4% Senior Notes, due 2023 500,000 500,000 5 1/2% Senior Notes, due 2025 1,780,000 1,800,000 5 1/4% Senior Notes, due 2027 880,000 900,000 Redemption Price Promissory Note, due 2022 — 1,936,443 9,478,473 9,785,241 Less: Unamortized debt issuance costs and original issue discounts and premium, net (122,080 ) (99,231 ) Less: Redemption Note fair value adjustment — (57,384 ) 9,356,393 9,628,626 Current portion of long-term debt (121,714 ) (62,690 ) Total long-term debt, net of current portion $ 9,234,679 $ 9,565,936 Macau Related Debt Wynn Macau Credit Facilities The Company's credit facilities include a $2.30 billion equivalent fully funded senior secured term loan facility (the "Wynn Macau Senior Term Loan Facility") and a $750 million equivalent senior secured revolving credit facility (the "Wynn Macau Senior Revolving Credit Facility," collectively, the "Wynn Macau Credit Facilities"). The borrower is Wynn Resorts (Macau) S.A. ("Wynn Macau SA"), an indirect wholly owned subsidiary of WML. As of March 31, 2018 and December 31, 2017, the interest rate was 3.24% and 3.16% , respectively. As of March 31, 2018 , the Company had $123.7 million of available borrowing capacity under the Wynn Macau Senior Revolving Credit Facility. WML Finance Revolving Credit Facility The Company's credit facilities include a HK$ 3.87 billion (approximately $ 493.3 million ) cash-collateralized revolving credit facility ("WML Finance Credit Facility") under which WML Finance I, Limited, an indirect wholly owned subsidiary of WML, is the borrower. The WML Finance Credit Facility bears interest initially at 1.50% per annum, such rate calculated as the interest rate paid by the lender as the deposit bank for the cash collateral deposited and pledged with the lender plus a margin of 0.40% . As of March 31, 2018 , the Company had no borrowings under the WML Finance Credit Facility. U.S. and Corporate Related Debt Bridge Facility On March 28, 2018, the Company entered into a credit agreement to provide for a 364 -day term loan (the "Bridge Facility"). The Bridge Facility bears interest at either LIBOR plus 2.75% per annum or base rate plus 1.75% per annum. As the Company had the intent and ability as of March 31, 2018 to settle the Bridge Facility by issuing equity, the Company classified the Bridge Facility as long-term as of March 31, 2018. On April 3, 2018, the Company used net proceeds from newly issued shares of its common stock to repay all amounts borrowed under the Bridge Facility, together with all interest accrued thereon, and the credit agreement terminated pursuant to its terms. See Note 7, "Stockholders' Equity" for additional information on the Company's newly issued shares of common stock. Redemption Price Promissory Note On March 30, 2018, the Company used the net proceeds from the Bridge Facility, along with cash on hand and borrowings under its WA Senior Revolving Credit Facility (defined below) to repay the Redemption Note principal amount of $1.94 billion pursuant to the Settlement Agreement and Mutual Release ("Settlement Agreement"). See Note 13, "Commitments and Contingencies—Litigation—Redemption Action and Counterclaim" for additional information on the Settlement Agreement. Wynn America Credit Facilities The Company's credit facilities include an $875 million fully funded senior secured term loan facility (the "WA Senior Term Loan Facility I"), a $125 million fully funded senior term loan facility (the "WA Senior Term Loan Facility II") and a $375 million senior secured revolving credit facility (the "WA Senior Revolving Credit Facility," and collectively, the "Wynn America Credit Facilities"). The borrower is Wynn America, LLC, an indirect wholly owned subsidiary of the Company. As of March 31, 2018 and December 31, 2017, the interest rate was 3.63% and 3.32% , respectively. As of March 31, 2018 , the Company had available borrowing capacity of $107.3 million , net of $17.7 million in outstanding letters of credit, under the WA Senior Revolving Credit Facility. Wynn Las Vegas Senior Notes During the three months ended March 31, 2018, Wynn Resorts purchased $20.0 million principal amount of the 5 1/2% Senior Notes due 2025 (the "2025 Notes") and $20 million principal amount of the 5 1/4% Senior Notes due 2027 (the "2027 Notes") through open market purchases. As of March 31, 2018, Wynn Resorts holds this debt and has not contributed it to its wholly owned subsidiary, Wynn Las Vegas, LLC. On March 20, 2018, Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. (the "Issuers"), wholly owned subsidiaries of the Company, executed a second supplemental indenture (the "Supplemental Indenture") to the Indenture dated May 22, 2013, as supplemented by that certain Supplemental Indenture dated as of February 18, 2015 (the "Indenture"), relating to the Issuers’ 4 1/4% Senior Notes due 2023 (the "2023 Notes"). The Supplemental Indenture amended the Indenture by conforming the definition of "Change of Control" relating to ownership of equity interests in the Company in the Indenture to the terms of the indentures governing the Issuers’ other outstanding notes. As part of executing the Supplemental Indenture, the Issuers paid $25.0 million to consenting holders of the 2023 Notes. Debt Covenant Compliance Management believes that as of March 31, 2018 , 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, excluding the Redemption Note, as of March 31, 2018 and December 31, 2017 was $9.39 billion and $7.95 billion , respectively, compared to its carrying value, excluding debt issuance costs and original issue discount and original issue premium, of $9.48 billion and $ 7.85 billion . The estimated fair value of the Company's long-term debt, excluding the Redemption Note, is based on recent trades, if available, and indicative pricing from market information (Level 2 inputs). See Note 2, "Summary of Significant Accounting Policies" for discussion of the estimated fair value of the Redemption Note as of December 31, 2017.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Note 7 - Stockholders' Equity Equity Offering On April 3, 2018, the Company completed a registered public offering (the "Equity Offering") of 5,300,000 newly issued shares of its common stock, par value $0.01 per share, to an affiliate of Galaxy Entertainment Group Limited at a price of $175 per share for net proceeds of approximately $915.8 million , after deducting underwriting discounts but before deducting the estimated offering expenses. The Company used the net proceeds from the Equity Offering to repay all amounts borrowed under the Bridge Facility, together with all interest accrued thereon, and used the remaining net proceeds to repay certain other indebtedness of the Company in April 2018. Dividends During the three months ended March 31, 2018 and 2017, the Company paid a cash dividend of $0.50 per share and recorded $51.4 million and $50.8 million as a reduction of retained earnings from cash dividends declared, respectively. On April 24, 2018, the Company announced a cash dividend of $0.75 per share, payable on May 29, 2018, to stockholders of record as of May 17, 2018. Noncontrolling Interests On March 23, 2018, WML announced a cash dividend of HK $0.75 per share for a total of $497.1 million payable on April 25, 2018 to stockholders of record as of April 16, 2018. The Company's share of this dividend will be $ 358.8 million . As of March 31, 2018, the Company recorded a dividend payable and corresponding reduction to noncontrolling interests of $ 138.3 million .

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	Mar. 31, 2018
Revenue Recognition [Abstract]
Revenue Recognition [Text Block]	Note 8 - Revenue Disaggregation of Revenues The Company operates integrated resorts in Macau and Las Vegas and generates revenues at its properties by providing the following types of services and products: gaming, rooms, food and beverage and entertainment, retail and other. Revenues disaggregated by type of revenue and geographic location are as follows (in thousands): Three Months Ended March 31, 2018 Macau Operations Las Vegas Operations Total Casino $ 1,107,495 $ 134,644 $ 1,242,139 Rooms 68,853 121,457 190,310 Food and beverage 46,385 125,837 172,222 Entertainment, retail and other (1) 61,354 49,553 110,907 Total operating revenues $ 1,284,087 $ 431,491 $ 1,715,578 Three Months Ended March 31, 2017 Casino $ 865,074 $ 124,666 $ 989,740 Rooms 53,195 115,629 168,824 Food and beverage 38,991 125,542 164,533 Entertainment, retail and other (1) 47,762 52,898 100,660 Total operating revenues $ 1,005,022 $ 418,735 $ 1,423,757 (1) Includes lease revenue accounted for under lease accounting guidance. See Note 2, "Summary of Significant Accounting Policies—Revenue Recognition" for lease revenue accounting policy details. 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, 2018 December 31, 2017 Increase/ (decrease) March 31, 2017 December 31, 2016 Increase/ (decrease) Casino outstanding chips and front money deposits (1) $ 983,538 $ 991,957 $ (8,419 ) $ 679,192 $ 546,487 $ 132,705 Advance room deposits and ticket sales (2) 49,692 52,253 (2,561 ) 47,520 45,696 1,824 Other gaming-related liabilities (3) 9,393 12,765 (3,372 ) 9,521 12,033 (2,512 ) Loyalty program and related liabilities (4) 20,455 18,421 2,034 9,038 7,942 1,096 $ 1,063,078 $ 1,075,396 $ (12,318 ) $ 745,271 $ 612,158 $ 133,113 (1) Casino outstanding chips represent amounts owed to junkets 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 will be 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.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended March 31, 2018 2017 Casino $ 1,819 $ 1,596 Rooms 127 149 Food and beverage 378 331 Entertainment, retail and other 43 27 General and administrative 4,937 6,104 Total stock-based compensation expense 7,304 8,207 Total stock-based compensation capitalized — 2 Total stock-based compensation costs $ 7,304 $ 8,209 Certain members of the Company's executive management team receive a portion of their annual incentive bonus in shares of the Company's stock. The number of shares is determined based on the closing stock price on the date the annual incentive bonus is settled. As the number of shares is variable, the Company records a liability for the fixed monetary amount over the service period. For the three months ended March 31, 2018 and 2017 , the Company recorded $1.8 million and $4.9 million , respectively, of stock-based compensation expense associated with these awards. The Company settled the obligation for the 2017 annual incentive bonus by issuing vested shares in December 2017 and January 2018.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2018 and 2017 , the Company recorded an income tax benefit of $111.0 million and an income tax expense of $2.9 million , respectively. The 2018 income tax benefit primarily related to the settlement of the Redemption Note. The 2017 income tax expense primarily related to an increase in the domestic valuation allowance for U.S. foreign tax credits ("FTCs"). The Company recorded valuation allowances on certain of its U.S. and foreign deferred tax assets. In assessing the need for a valuation allowance, the Company considered whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. In the assessment of the valuation allowance, appropriate consideration was given to all positive and negative evidence including recent operating profitability, forecast of future earnings and the duration of statutory carryforward periods. Wynn Macau SA has received a five -year exemption from complementary tax on profits generated by gaming operations through December 31, 2020. For the three months ended March 31, 2018 and 2017, the Company was exempt from the payment of such taxes totaling $26.9 million and $12.7 million , respectively. Wynn Macau SA also entered into an agreement with the Macau government that provides for an annual payment of 12.8 million Macau patacas (approximately $1.6 million ) as complementary tax otherwise due by stockholders of Wynn Macau SA on dividend distributions through 2020. In December 2017, the U.S. Tax Cuts and Jobs Act ("U.S. tax reform") was enacted. Also in December 2017, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act, which allowed the Company to record provisional amounts during a measurement period not to extend beyond one year from the enactment date. For the year ended December 31, 2017, the Company recorded a provisional net tax benefit of $339.9 million . This provisional net tax benefit was based on the Company's initial analysis of the U.S. tax reform. The Company continues to collect additional information and evaluate any regulatory guidance as it is issued and may adjust the provisional net tax benefit over the next nine months. Any subsequent adjustment to this amount will be recorded to the current income tax expense in the period in which the amount is determined.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Separation Agreement On February 6, 2018, Stephen A. Wynn, former Chairman of the Board of Directors and Chief Executive Officer ("Mr. Wynn") resigned as Chairman of the Board of Directors and Chief Executive Officer of Wynn Resorts and on February 15, 2018, Mr. Wynn entered into a separation agreement with the Company specifying the terms of his termination of service with the Company (the "Separation Agreement"). The Separation Agreement terminated Mr. Wynn’s employment agreement with the Company and confirmed that Mr. Wynn is not entitled to any severance payment or other compensation from the Company under his employment agreement. Under the Separation Agreement, Mr. Wynn agreed not to compete against the Company for a period of two years and to provide reasonable cooperation and assistance to the Company in connection with any private litigation or arbitration and to the Board of Directors of the Company or any committee of the Board of Directors in connection with any investigation by the Company related to his service with the Company. The Separation Agreement provides that (i) Mr. Wynn’s lease of his personal residence at Wynn Las Vegas will terminate not later than June 1, 2018 and until such date Mr. Wynn shall continue to pay rent at its fair market value, unless Mr. Wynn elects to terminate the lease before such date, (ii) Mr. Wynn’s current healthcare coverage will terminate on December 31, 2018, and (iii) administrative support for Mr. Wynn will terminate on May 31, 2018. Additionally, in order to conduct sales of Company shares in an orderly fashion, the Company agreed to enter into a registration rights agreement with Mr. Wynn, with Mr. Wynn to reimburse the Company for its reasonable expenses. As of April 10, 2018, Mr. Wynn no longer resided at Wynn Las Vegas. On March 20, 2018, the Company entered into a registration rights agreement with Mr. Wynn, the Wynn Family Limited Partnership, a Delaware limited partnership (together with Mr. Wynn, the "Selling Stockholder") and each holder from time to time a party thereto (the "Registration Rights Agreement"), pursuant to the Separation Agreement. The Selling Stockholder subsequently sold all of its holdings of the Company's common stock through open market transactions pursuant to Rule 144 under the Securities Act of 1933, as amended, and certain privately negotiated transactions. Pursuant to the Registration Rights Agreement, without the Company's prior written consent, the Selling Stockholder was not permitted to sell more than an aggregate of 4,043,903 shares of Common Stock in any quarter. The Company provided written consent permitting the Selling Stockholder to undertake the registered sales. Amounts Due to Officers The Company periodically provides services to certain executive officers and directors of the Company, including the personal use of employees, construction work and other personal services, for which the officers and directors reimburse the Company. Certain officers and directors have deposits with the Company to prepay any such items, which are replenished on an ongoing basis as needed. As of March 31, 2018 , these net deposit balances with the Company were immaterial.

Retail Joint Venture

Retail Joint Venture	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint Venture In December 2016, the Company sold Crown a 49.9% ownership interest in the Retail Joint Venture for $217.0 million in cash and a $75.0 million interest-free note, which was paid in full on January 3, 2018. As of December 31, 2017, the note was recorded at its present value of $75.0 million in prepaid expenses and other on the Condensed Consolidated Balance Sheet. The Company maintains a 50.1% ownership in the Retail Joint Venture and is the managing member. The Company's responsibilities with respect to the Retail Joint Venture include day-to-day business operations, property management services and a role in the leasing decisions of the retail space. The Company assessed its ownership in the Retail Joint Venture based on consolidation accounting guidance with an evaluation being performed to determine if the Retail Joint Venture is a VIE, if the Company has a variable interest in the Retail Joint Venture and if the Company is the primary beneficiary of the Retail Joint Venture. The primary beneficiary is the party who has the power to direct the activities of a VIE that most significantly impact the entity's economic performance and who has an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. The Company concluded that the Retail Joint Venture is a VIE and the Company is the primary beneficiary based on its involvement in the leasing activities of the Retail Joint Venture. As a result, the Company consolidates all of the Retail Joint Venture's assets, liabilities and results of operations. The Company will evaluate its primary beneficiary designation on an ongoing basis and will assess the appropriateness of the Retail Joint Venture's VIE status when changes occur. As of March 31, 2018 and December 31, 2017, the Retail Joint Venture had total assets of $69.0 million and $59.7 million , respectively, and total liabilities of $2.1 million and $0.9 million , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Encore Boston Harbor Development On April 28, 2017, Wynn MA, LLC ("Wynn MA"), an indirect wholly owned subsidiary of the Company, and Suffolk Construction Company, Inc. (the "Construction Manager"), entered into an agreement concerning the construction of Encore Boston Harbor, which, among other things, confirmed the guaranteed maximum price for the construction work undertaken by the Construction Manager. The Construction Manager is obligated to substantially complete the project by June 24, 2019, for a guaranteed maximum price of $1.32 billion . Both the contract time and guaranteed maximum price are subject to further adjustment under certain conditions. The performance of the Construction Manager is backed by a payment and performance bond in the amount of $350.0 million . Litigation In addition to the actions noted below, the Company and its affiliates are involved in litigation arising in the normal course of business. In the opinion of management, such litigation is not expected to have a material effect on the Company's financial condition, results of operations and cash flows. Determination of Unsuitability and Redemption of Aruze and Affiliates On February 18, 2012, Wynn Resorts' Gaming Compliance Committee received an independent report by Freeh, Sporkin & Sullivan, LLP (the "Freeh Report") detailing a pattern of misconduct by the Okada Parties. The factual record presented in the Freeh Report included evidence that the Okada Parties had provided valuable items to certain foreign gaming officials who were responsible for regulating gaming in a jurisdiction in which entities controlled by Mr. Okada were developing a gaming resort. Based on the Freeh Report, the Board of Directors of Wynn Resorts determined that the Okada Parties were "unsuitable persons" under Article VII of the Company's articles of incorporation. On that same day, Wynn Resorts redeemed and canceled Aruze's 24,549,222 shares of Wynn Resorts' common stock, and, pursuant to its articles of incorporation, Wynn Resorts issued the Redemption Note to Aruze in redemption of the shares. Redemption Action and Counterclaim On February 19, 2012, Wynn Resorts filed a complaint in the Eighth Judicial District Court, Clark County, Nevada against the Okada Parties (as amended, the "Complaint"), alleging breaches of fiduciary duty and related claims (the "Redemption Action") arising from the activities addressed in the Freeh Report. The Company sought compensatory and special damages as well as a declaration that it acted lawfully and in full compliance with its articles of incorporation, bylaws and other governing documents in redeeming and canceling the shares of Aruze. On March 12, 2012, the Okada Parties filed an answer denying the claims and a counterclaim (as amended, the "Counterclaim") purporting to assert claims against the Company, certain individuals who are or were members of the Company's Board of Directors (other than Mr. Okada) and Wynn Resorts' General Counsel. The Counterclaim alleged, among other things: (1) that the shares of Wynn Resorts common stock owned by Aruze were exempt from the redemption-for-unsuitability provisions in the Wynn Resorts articles of incorporation (the "Articles") pursuant to certain agreements executed in 2002; (2) that the Wynn Resorts directors who authorized the redemption of Aruze's shares acted at the direction of Mr. Wynn and did not independently and objectively evaluate the Okada Parties' suitability, and by so doing, breached their fiduciary duties; (3) that the Wynn Resorts directors violated the terms of the Wynn Resorts Articles by failing to pay Aruze fair value for the redeemed shares; and (4) that the terms of the Redemption Note that Aruze received in exchange for the redeemed shares, including the Redemption Note's principal amount, duration, interest rate, and subordinated status, were unconscionable. Among other relief, the Counterclaim sought a declaration that the redemption of Aruze's shares was void, an injunction restoring Aruze's share ownership, damages in an unspecified amount and rescission of the Amended and Restated Stockholders Agreement, dated as of January 6, 2010, by and among Aruze, Mr. Wynn, and Elaine P. Wynn (the "Stockholders Agreement"). On March 8, 2018, the Company entered into the Settlement Agreement by and between the Company, Mr. Wynn, Linda Chen, Russell Goldsmith, Ray R. Irani, Robert J. Miller, John A. Moran, Marc D. Schorr, Alvin V. Shoemaker, D. Boone Wayson, Allan Zeman, and Kimmarie Sinatra (collectively, the "Wynn Parties"), and Universal Entertainment Corp. and Aruze (collectively with Universal Entertainment Corp., the "Universal Parties"). The Settlement Agreement resolved legal proceedings pending in the Redemption Action as well as other claims. Pursuant to the Settlement Agreement, the Company paid the principal amount of the $1.94 billion Redemption Note on March 30, 2018. On March 30, 2018, the Company also paid an additional $463.6 million with respect to the Universal Parties’ claims related to the allegedly below-market interest rate of the Redemption Note and stipulated to the release to Aruze of $232.4 million in accrued interest held in escrow. The Company recorded the $463.6 million as a litigation settlement expense on the Condensed Consolidated Statements of Operations during the three months ended March 31, 2018. Under the Settlement Agreement, the Wynn Parties and the Universal Parties mutually agreed to unconditionally release all claims against each other relating to or arising out of the Redemption Action, as well as any claims which relate to or arise out of any other litigation or claims in any other jurisdiction. As a result, the Universal Parties will not claim that Aruze remains a party to the Stockholders Agreement. The Universal Parties further released any claims against the Wynn Parties and their affiliates in any other jurisdiction, including but not limited to the proceeding pending in Macau against Wynn Resorts (Macau) S.A. and certain related individuals ("Macau Litigation"). As a result of the Settlement Agreement, the parties to the agreement dismissed all litigation between the Universal Parties and the Company and its then-directors and executives with respect to the redemption, including the Redemption Action and the Macau Litigation, but the Settlement Agreement did not release claims against any parties to such litigation who are not parties to the Settlement Agreement, including but not limited to Kazuo Okada and Elaine P. Wynn. On March 12, 2018, the Company voluntarily dismissed its claim for breach of fiduciary duty against Kazuo Okada, which was the last and only remaining claim between Wynn Resorts, Kazuo Okada, and the Universal Parties in the Redemption Action. On June 19, 2012, Elaine P. Wynn asserted a cross claim against Mr. Wynn and Aruze seeking a declaration that (1) any and all of Elaine P. Wynn's duties under the Stockholders Agreement should be discharged; (2) the Stockholders Agreement was subject to rescission and is rescinded; (3) the Stockholders Agreement was an unreasonable restraint on alienation in violation of public policy; and/or (4) the restrictions on sale of shares should be construed as inapplicable to Elaine P. Wynn. On March 28, 2016, Elaine P Wynn filed an amended cross claim against Mr. Wynn, as well as Wynn Resorts and Wynn Resorts' General Counsel (together with Mr. Wynn, the "Wynn Cross Defendants") as cross defendants. The amended cross claim substantially repeated its earlier allegations and further alleged that Mr. Wynn engaged in acts of misconduct that, with the Wynn Cross Defendants, resulted in Mr. Wynn allegedly breaching the Stockholders Agreement and violating alleged duties under the Stockholders Agreement by preventing Elaine P. Wynn from being nominated and elected to serve as one of Wynn Resorts' directors. In addition to continuing to seek the declarations asserted under the original cross claim, the amended cross claim sought an order compelling Mr. Wynn to comply with the Stockholders Agreement by assuring the nomination and election of Elaine P. Wynn to the Board of Directors and sought unspecified monetary damages from Mr. Wynn and the Wynn Cross Defendants. Elaine P. Wynn’s amended cross claim was later dismissed as to Wynn Resorts and Wynn Resorts' General Counsel. On May 17, 2017, Elaine P. Wynn filed another amended cross claim against the Wynn Cross Defendants, which substantially repeated its earlier allegations and again named Wynn Resorts and Wynn Resorts' General Counsel as cross defendants. On March 14, 2018, Mr. Wynn and Elaine P. Wynn entered into a stipulation declaring the Stockholders Agreement invalid and unenforceable, and on April 16, 2018, the Company entered into a Settlement Agreement and Mutual Release by and between the Company, Mr. Wynn, Elaine P. Wynn, and the Company’s General Counsel, which, among other things, resolved and unconditionally released the parties from all claims and cross claims asserted among the parties in a legal proceeding involving the Stockholders Agreement. Neither the Company nor the Company’s General Counsel made any payment under the terms of such settlement agreement. Litigation Commenced by Kazuo Okada Indemnification Action: On March 20, 2013, Mr. Okada filed a complaint against the Company in Nevada state court for indemnification under the Company's Articles, bylaws and agreements with its directors. The complaint sought advancement of Mr. Okada's costs and expenses (including attorney's fees) incurred pursuant to the various legal proceedings and related regulatory investigations described above. The Company's answer and counterclaim was filed on April 15, 2013. The counterclaim named each of the Okada Parties as defendants and sought indemnification under the Company's Articles for costs and expenses (including attorney's fees) incurred pursuant to the various legal proceedings and related regulatory investigations described above. On February 4, 2014, the court entered an order on the parties' stipulation that: (1) dismissed all claims Mr. Okada asserted against the Company; (2) reserved Mr. Okada's right to assert, in the future, any claims for indemnity following the resolution of the Redemption Action; and (3) stayed the claims asserted by the Company against Mr. Okada pending the resolution of the Redemption Action. On April 6, 2018, the court entered an order closing this action. Macau Litigation: On July 3, 2015, WML announced that the Okada Parties filed a complaint in the Court of First Instance of Macau ("Macau Court") against Wynn Macau SA and certain individuals who are or were directors of Wynn Macau SA and or WML (collectively, the "Wynn Macau Parties"). The principal allegations in the lawsuit are that the redemption of the Okada Parties' shares in Wynn Resorts was improper and undervalued, that the previously disclosed payment by Wynn Macau SA to an unrelated third party in consideration of relinquishment by that party of certain rights in and to any future development on the land in Cotai where Wynn Palace is located was unlawful and that the previously disclosed donation by Wynn Resorts to the University of Macau Development Foundation was unlawful. The plaintiffs seek dissolution of Wynn Macau SA and compensatory damages. On July 11, 2017, the Macau Court dismissed all claims by the Okada Parties as unfounded, fined the Okada Parties as vexatious litigants, and ordered the Okada Parties to pay for court costs and the Wynn Macau Parties' attorney's fees. On or about October 16, 2017, the Okada Parties filed formal appeal papers in Macau, which Wynn Macau SA received on November 21, 2017. Wynn Macau SA filed its response on December 21, 2017. In March 2018, pursuant to the Settlement Agreement, the Universal Parties voluntarily withdrew from the Macau Litigation, leaving Mr. Okada as the sole claimant. The Company believes this action is without merit and will vigorously defend itself against the claims pleaded against it by Mr. Okada. Management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of this action or the range of reasonably possible loss, if any. Derivative Litigation Related to Redemption Action Two state derivative actions were commenced against the Company and all members of its Board of Directors in the Eighth Judicial District Court of Clark County, Nevada. These state court actions brought by the following plaintiffs have been consolidated: (1) IBEW Local 98 Pension Fund and (2) Danny Hinson (collectively, the "Derivative Plaintiffs"). The Derivative Plaintiffs filed a consolidated complaint on July 20, 2012 asserting claims for (1) breach of fiduciary duty; (2) abuse of control; (3) gross mismanagement; and (4) unjust enrichment. The claims are against the Company and all Company directors during the applicable period, including Mr. Okada, as well as the Company's Chief Financial Officer who signed financial disclosures filed with the SEC during the applicable periods. The Derivative Plaintiffs claim that the individual defendants failed to disclose to the Company's stockholders the investigation into, and the dispute with director Okada as well as the alleged potential violations of the FCPA related to, the University of Macau Development Foundation donation. The Derivative Plaintiffs seek unspecified monetary damages (compensatory and punitive), disgorgement, reformation of corporate governance procedures, an order directing the Company to internally investigate the donation, as well as attorney's fees and costs. On June 18, 2014, the court entered a stipulation between the parties that provides for a stay of the action and directs the parties, within 45 days of the conclusion of the Redemption Action, to discuss how the derivative action should proceed and to file a joint report with the court. In May 2018, the parties (except Elaine P. Wynn) filed a joint report given the conclusion of the Redemption Action, and the court scheduled a status check for May 14, 2018. Management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or the range of reasonably possible loss, if any. Massachusetts Gaming License Related Action On September 17, 2014, the Massachusetts Gaming Commission ("MGC") designated Wynn MA the award winner of the Greater Boston (Region A) gaming license. On November 7, 2014, the gaming license became effective. On October 16, 2014, the City of Revere, the host community to the unsuccessful bidder for the same license, and the International Brotherhood of Electrical Workers, Local 103 ("IBEW") filed a complaint against the MGC and each of the five gaming commissioners in Suffolk Superior Court in Boston, Massachusetts (the "Revere Action"). The complaint challenges the MGC's decision and alleges that the MGC failed to follow statutory requirements outlined in the Gaming Act. The complaint (1) seeks to appeal the administrative decision, (2) asserts that certiorari provides a remedy to correct errors in proceedings by an agency such as the MGC, (3) challenges the constitutionality of that section of the gaming law which bars judicial review of the MGC's decision to deny an applicant a gaming license, and (4) alleges violations of the open meeting law requirements. The court allowed Mohegan Sun ("Mohegan"), the other applicant for the Greater Boston (Region A) gaming license, to intervene in the Revere Action, and on February 23, 2015, Mohegan filed its complaint. The Mohegan complaint challenges the license award to Wynn MA, seeks judicial review of the MGC's decision, and seeks to vacate the MGC's license award to Wynn MA. On July 1, 2015, the MGC filed motions to dismiss Mohegan's and the City of Revere's complaints. On December 3, 2015, the court granted the motion to dismiss the claims asserted in the Revere Action. Also on December 3, 2015, the court granted the motion to dismiss three of the four counts asserted by Mohegan but denied the motion as to Mohegan's certiorari claim. The City of Revere and IBEW sought immediate appellate review of the dismissal of their claims and the MGC requested immediate appellate review of the court's denial of the MGC's motion to dismiss Mohegan's certiorari claim. All three petitions for interlocutory review were denied. The parties then appealed to the Massachusetts Supreme Judicial Court ("SJC"). On March 10, 2017, the SJC affirmed the trial court's dismissal of the City of Revere's claims and IBEW's claims. The SJC affirmed the court's dismissal of Mohegan's claims except for the certiorari claim, which the SJC remanded to the Suffolk Superior Court. Mohegan filed a motion for judgment on the pleadings on November 3, 2017, and oral argument is being re-scheduled from its originally scheduled date of April 5, 2018. The SJC reversed the trial court's dismissal of the individual plaintiffs' open meeting law claim and remanded that claim to the Suffolk Superior Court. The parties are currently in the discovery phase. Wynn MA was not named in the above complaint. The MGC retained private legal representation at its own nontaxpayer-funded expense. Actions Related to Mr. Wynn Investigations: On January 26, 2018, the Company's Board of Directors formed a Special Committee comprised solely of independent directors to investigate allegations of inappropriate personal conduct by Mr. Wynn in the workplace. On February 12, 2018, the Special Committee announced that its review was expanded to include a comprehensive review of the Company's internal policies and procedures with the goal of employing best practices to maintain a safe and respectful workplace for all employees. Gaming regulators in Massachusetts and Nevada are reviewing these matters, including suitability with respect to the Company and its related licensees, and the Company is cooperating with these regulatory reviews. The gaming regulator in Macau is monitoring and reviewing the situation, and the Company is cooperating. Stockholder Actions: A number of stockholder derivative actions have been filed purportedly on behalf of the Company in state and federal court located in Clark County, Nevada against certain current and former members of the Company’s Board of Directors and, in some cases, the Company’s management. Each of the complaints alleges, among other things, breach of fiduciary duties in failing to detect, prevent and remedy alleged inappropriate personal conduct by Mr. Wynn in the workplace. Specifically, (i) on February 6, 2018, Norfolk County Retirement System filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors and the Company’s General Counsel, which was voluntarily dismissed on February 21, 2018; (ii) on February 15, 2018, Operating Engineers Construction Industry and Miscellaneous Pension Fund filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors; (iii) on February 15, 2018, Boynton Beach Municipal Firefighters’ Pension Trust Fund and the Firemen’s Retirement System of St. Louis filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors and the Company’s General Counsel; (iv) on February 22, 2018, Thomas P. DiNapoli, Comptroller of the State of New York, as Administrative Head of the New York State and Local Retirement System and trustee of the New York State Common Retirement Fund, filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors and the Company’s General Counsel; (v) on February 22, 2018, Erste-Sparinvest Kapitalanlagegesellschaft M.B.H. filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors and the Company’s General Counsel; (vi) on March 6, 2018, the State of Oregon filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors and the Company’s General Counsel; (vii) on March 15, 2018, Insulators and Asbestos Workers Local No. 14 Pension and Health and Welfare Funds filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors and the Company’s Chief Executive Officer and General Counsel; and (viii) on April 18, 2018, C. Jeffrey Rogers filed a stockholder derivative action against certain current and former members of the Company’s Board of Directors and the Company’s Chief Executive Officer and General Counsel. The actions filed in Clark County, Nevada are in the process of being consolidated. The actions filed in the United States District Court, District of Nevada have been consolidated as In re Wynn Resorts, Ltd. Derivative Litigation , which also claim corporate waste and violation of Section 14(a) of the Exchange Act. Each of the actions seeks to recover for the Company unspecified damages, including restitution and disgorgement of profits, and also seeks to recover attorneys’ fees, costs and related expenses for the plaintiff. Additional demands have been made to the Company that it commence similar actions and additional lawsuits may be filed in the future. On February 20, 2018, a 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. The defendants in these actions will vigorously defend against the claims pleaded against them. These actions are in preliminary stages and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or the range of reasonably possible loss, if any.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company reviews the results of operations for each of its operating segments. Wynn Macau and Encore, an expansion at Wynn Macau, are managed as a single integrated resort and have been aggregated as one reportable segment ("Wynn Macau"). Wynn Palace is presented as a separate reportable segment and is combined with Wynn Macau for geographical presentation. Wynn Las Vegas and Encore, an expansion at Wynn Las Vegas, are managed as a single integrated resort and have been aggregated as one reportable segment ("Las Vegas Operations"). The Company identifies each resort as a reportable segment considering operations within each resort have similar economic characteristics, type of customers, types of services and products, the regulatory environment of the operations and the Company's organizational and management reporting structure. The Company also reviews construction and development activities for each of its projects under development, in addition to its reportable segments. The Company separately identifies assets for its Encore Boston Harbor development project. Other Macau primarily represents the Company's Macau holding company. The following tables present the Company's segment information (in thousands): Three Months Ended March 31, 2018 2017 (as adjusted) Operating revenues Macau Operations: Wynn Macau $ 618,241 $ 552,716 Wynn Palace 665,846 452,306 Total Macau Operations 1,284,087 1,005,022 Las Vegas Operations 431,491 418,735 Total $ 1,715,578 $ 1,423,757 Adjusted Property EBITDA (1) Macau Operations: Wynn Macau $ 209,822 $ 181,106 Wynn Palace 211,911 111,856 Total Macau Operations 421,733 292,962 Las Vegas Operations 142,596 134,577 Total 564,329 427,539 Other operating expenses Litigation settlement 463,557 — Pre-opening 10,345 5,779 Depreciation and amortization 136,357 139,820 Property charges and other 3,051 3,036 Corporate expenses and other 25,009 20,767 Stock-based compensation 7,304 8,207 Total other operating expenses 645,623 177,609 Operating income (loss) (81,294 ) 249,930 Other non-operating income and expenses Interest income 7,220 6,471 Interest expense, net of amounts capitalized (98,227 ) (98,262 ) Change in interest rate swap fair value — (771 ) Change in Redemption Note fair value (69,331 ) (15,847 ) Gain on extinguishment of debt 2,329 — Other (9,220 ) (6,106 ) Total other non-operating income and expenses (167,229 ) (114,515 ) Income (loss) before income taxes (248,523 ) 135,415 Benefit (provision) for income taxes 111,045 (2,890 ) Net income (loss) (137,478 ) 132,525 Net income attributable to noncontrolling interests (66,829 ) (31,709 ) Net income (loss) attributable to Wynn Resorts, Limited $ (204,307 ) $ 100,816 (1) "Adjusted Property EBITDA" is net income (loss) before interest, income taxes, depreciation and amortization, litigation settlement expense, pre-opening expenses, property charges and other, management and license fees, corporate expenses and other (including intercompany golf course and water rights leases), stock-based compensation, gain on extinguishment of debt, change in interest rate swap fair value, change in Redemption Note fair value and other non-operating income and expenses, and includes equity in income from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDA because it is used by some investors as a way to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income (loss) as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, our calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited. March 31, December 31, Assets Macau Operations: Wynn Macau $ 1,935,214 $ 1,271,544 Wynn Palace 3,945,508 4,017,494 Other Macau 422,854 174,769 Total Macau Operations 6,303,576 5,463,807 Las Vegas Operations 2,903,615 3,266,390 Encore Boston Harbor 1,292,195 1,060,530 Corporate and other 1,715,788 2,891,012 Total $ 12,215,174 $ 12,681,739

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
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 a variable interest entity ("VIE") for which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 12, "Retail Joint Venture." All intercompany accounts and transactions have been eliminated. Certain prior period amounts have been reclassified to be consistent with current year presentation. Such reclassifications relate to the adoption of new accounting guidance as further described below in "Recently Adopted Accounting Standards" and had no effect on the previously reported net income.
Cash and cash equivalents and restricted cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and include both U.S. dollar-denominated and foreign-currency denominated securities. Cash equivalents are carried at cost, which approximates fair value.
Investment Securities	Investment Securities Investment securities consist of domestic and foreign short-term and long-term investments in corporate bonds reported at fair value, with unrealized gains and losses, net of tax, reported in other comprehensive income (loss). Short-term investments have a maturity date of less than one year and long-term investments are those with a maturity date greater than one year. The Company limits the amount of exposure to any one issuer with the objective of minimizing the potential risk of principal loss. Management determines the appropriate classification of its securities at the time of purchase and reevaluates such designation as of each balance sheet date. Adjustments are made for amortization of premiums and accretion of discounts to maturity computed under the effective interest method. Such amortization is included in interest income together with realized gains and losses and the stated interest on such securities.
Accounts Receivable and Credit Risk	Accounts Receivable and Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues credit in the form of "markers" to approved casino customers following investigations of creditworthiness. As of March 31, 2018 and December 31, 2017 , approximately 84.6% and 81.7% , respectively, of the Company's markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in these countries could affect the collectability of such receivables. Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are initially recorded at cost. An estimated allowance for doubtful accounts is maintained to reduce the Company's receivables to their carrying amount, which approximates fair value. The allowance estimate reflects specific review of customer accounts and outstanding gaming promoter accounts as well as management's experience with historical and current collection trends and current economic and business conditions. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received.
Derivative Financial Instruments	Derivative Financial Instruments Derivative financial instruments are used to manage interest rate and foreign currency exposures. These derivative financial instruments include interest rate swaps and foreign currency forward contracts. The fair value of derivative financial instruments is recognized as an asset or liability at each balance sheet date, with changes in fair value affecting net income (loss) as the Company's derivative financial instruments do not qualify for hedge accounting.
Redemption Price Promissory Note	Redemption Note On February 18, 2012, pursuant to its articles of incorporation, the Company redeemed and canceled all Aruze USA, Inc.’s ("Aruze") 24,549,222 shares of Wynn Resorts’ common stock. In connection with the redemption of the shares, the Company issued a promissory note (the "Redemption Note") with a principal amount of $1.94 billion , a maturity date of February 18, 2022 and an interest rate of 2% per annum, payable annually in arrears on each anniversary of the date of the Redemption Note. The Redemption Note was recorded at fair value in accordance with applicable accounting guidance. The Company repaid the principal amount in full on March 30, 2018. As of December 31, 2017, the fair value of the Redemption Note was $1.88 billion . In determining this fair value, the Company estimated the Redemption Note's present value using discounted cash flows with a probability weighted expected return for redemption assumptions and a discount rate, which included time value and non-performance risk adjustments commensurate with the risk of the Redemption Note. Considerations for the redemption assumptions included the stated maturity of the Redemption Note, uncertainty of the related cash flows, as well as potential effects of the following: uncertainties surrounding the potential outcome and timing of litigation with Aruze, Universal Entertainment Corporation and Mr. Kazuo Okada (collectively, the "Okada Parties") (see Note 13, "Commitments and Contingencies"); the outcome of ongoing investigations of Aruze by the U.S. Attorney's Office, the U.S. Department of Justice and the Nevada Gaming Control Board; and other potential legal and regulatory actions. In addition, in the furtherance of various future business objectives, the Company considered its ability, at its sole option, to prepay the Redemption Note at any time in accordance with its terms without penalty. Accordingly, the Company reasonably determined that the estimated life of the Redemption Note could be less than its contractual life. In determining the appropriate discount rate to be used to calculate the estimated present value, the Company considered the Redemption Note's subordinated position and credit risk relative to all other debt in the Company's capital structure and credit ratings associated with the Company's traded debt. Observable inputs for the risk free rate were based on Federal Reserve rates for U.S. Treasury securities and the credit risk spread was based on a yield curve index of similarly rated debt.
Revenue Recognition and Promotional Allowances	Revenue Recognition The Company’s revenue contracts with customers consist of casino wagers and sales of rooms, food and beverage, entertainment, retail and other goods and services. Gross casino revenues are measured by the aggregate net difference between gaming wins and losses. The Company applies a practical expedient by accounting for its casino wagering transactions on a portfolio basis versus an individual basis as all wagers have similar characteristics. Commissions rebated to customers either directly or indirectly through games promoters and cash discounts and other cash incentives earned by customers are recorded as a reduction of casino revenues. In addition to the wager, casino transactions typically include performance obligations related to complimentary goods or services provided to incentivize future gaming or in exchange for points earned under the Company’s loyalty programs. For casino transactions that include complimentary goods or services provided by the Company to incentivize future gaming, the Company allocates the standalone selling price of each good or service to the appropriate revenue type based on the good or service provided. Complimentary goods or services that are provided under the Company’s control and discretion and supplied by third parties, are recorded as an operating expense. The Company offers loyalty programs at both its Macau Operations and its Las Vegas Operations. Under the program at its Macau Operations, customers earn points based on their level of table games and slots play, which can be redeemed for free play, gifts and complimentary goods or services provided by the Company. Under the program at its Las Vegas Operations, customers earn points based on their level of slots play, which can be redeemed for free play. For casino transactions that include points earned under the Company’s loyalty programs, the Company defers a portion of the revenue by recording the estimated standalone selling price of the earned points that are expected to be redeemed as a liability. Upon redemption of the points for Company-owned goods or services, the standalone selling price of each good or service is allocated to the appropriate revenue type based on the good or service provided. Upon the redemption of the points with third parties, the redemption amount is deducted from the liability and paid directly to the third party. After allocating amounts to the complimentary goods or services provided and to the points earned under the Company’s loyalty programs, the residual amount is recorded as casino revenue when the wager is settled. The transaction price for rooms, food and beverage, entertainment, retail and other transactions is the net amount collected from the customer for such goods and services and is recorded as revenue when the goods are provided, services are performed or events are held. Sales tax and other applicable taxes collected by the Company are excluded from revenues. Advance deposits on rooms and advance ticket sales are performance obligations that are recorded as customer deposits until services are provided to the customer. Revenues from contracts with multiple goods or services are allocated to each good or service based on its relative standalone selling price. Entertainment, retail and other revenue also includes lease revenue, which is recognized on a time proportion basis over the lease term. Contingent lease revenue is recognized when the right to receive such revenue is established according to the lease agreements.
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, which taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Operations.
Comprehensive Income	Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss Comprehensive income (loss) includes net income (loss) and all other non-stockholder changes in equity, or other comprehensive income (loss). Components of the Company's comprehensive income (loss) are reported in the accompanying Condensed Consolidated Statements of Stockholders' Equity and Condensed Consolidated Statements of Comprehensive Income (Loss).
Fair Value Measurements	Fair Value Measurements The Company measures certain of its financial assets and liabilities at fair value on a recurring basis pursuant to accounting standards for fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. These accounting standards establish a three-tier fair value hierarchy, which prioritizes the inputs used to measure fair value. These tiers include: • Level 1 - Observable inputs such as quoted prices in active markets. • Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable. • Level 3 - Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
Recently Issued and Adopted Accounting Standards	Recently Adopted Accounting Standards Revenue Recognition Standard In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , which amends the existing revenue recognition guidance and creates a new topic for Revenue from Contracts with Customers. The guidance provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. This guidance also substantially revises required interim and annual disclosures. The Company adopted the guidance on January 1, 2018, which resulted in the following significant impacts on its Condensed Consolidated Financial Statements: • The promotional allowances line item was eliminated from the Condensed Consolidated Statements of Operations with the majority of the amount being netted against casino revenues. • The estimated cost of providing complimentary goods or services will no longer be allocated primarily to casino expenses from other operating departments as the new guidance requires revenues and expenses associated with providing complimentary goods or services to be classified based on the goods or services provided. • The portion of junket commissions previously recorded as a casino expense is now recorded as a reduction of casino revenue. • Mandatory service charges on food and beverage are now recorded on a gross basis with the amount received from the customer recorded as food and beverage revenue and the corresponding amount paid to employees recorded as food and beverage expense. Certain prior period amounts have been reclassified to reflect the full retrospective adoption of the guidance. There was no impact on the Company’s financial condition, operating income or net income. The table below provides a reconciliation of amounts previously reported and the resulting impacts from the adoption of the new revenue recognition guidance (in thousands): Three Months Ended March 31, 2017 As Previously Reported Adoption of ASC 606 As Adjusted Gross revenues $ 1,587,236 $ (163,479 ) $ 1,423,757 Promotional allowances (111,556 ) 111,556 — Operating revenues 1,475,680 (51,923 ) 1,423,757 Operating expenses 1,225,750 (51,923 ) 1,173,827 Operating income $ 249,930 $ — $ 249,930 Financial Instruments In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 824-10): Recognition and Measurement of Financial Assets and Financial Liabilities , which requires equity investments to be measured at fair value with changes in fair value recognized through net income (other than those accounted for under the equity method of accounting or those that result in consolidation of the investee). The update also requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This update eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The Company adopted this guidance on January 1, 2018, which resulted in a $9.2 million cumulative unrealized loss, net of tax, being recorded to accumulated other comprehensive loss with a corresponding increase to retained earnings. The adjustment represents the portion of the cumulative change in the Redemption Note fair value resulting from the change in the instrument-specific credit risk previously included in other income (expense) on the Condensed Consolidated Statements of Operations. Restricted Cash In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows - Restricted Cash (Topic 230) , which amends the existing guidance relating to the disclosure of restricted cash and restricted cash equivalents on the statement of cash flows. The ASU requires that amounts generally described as restricted cash or restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this guidance on January 1, 2018 on a retrospective basis and the updated disclosures are reflected for the periods presented in the Condensed Consolidated Statements of Cash Flows. For the three months ended March 31, 2017, the change in restricted cash of $189.9 million was previously reported within net cash used in financing activities. Accounting Standards Issued But Not Yet Adopted Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which amends the existing guidance relating to the definition of a lease, recognition of lease assets and lease liabilities on the balance sheet, and the disclosure of key information about leasing activities. Under the new guidance, lessees will be required to recognize a right-of-use asset and lease liability on the balance sheet, measured on a discounted basis. Operating leases are currently not recognized on the balance sheet. Lessor accounting will remain largely unchanged, other than certain targeted improvements intended to align lessor accounting with the lessee accounting model and with the updated revenue recognition guidance. Lessees and lessors are required to apply a modified retrospective transition approach for leases existing at the beginning of the earliest comparative period presented in the adoption-period financial statements. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. The ASU will be effective for the Company on January 1, 2019, with early adoption permitted. The Company is currently assessing the impact the guidance will have on its Consolidated Financial Statements and related disclosures.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): March 31, December 31, Cash and cash equivalents: Cash (1) $ 1,199,697 $ 2,354,244 Cash equivalents (2) 831,965 450,230 2,031,662 2,804,474 Restricted cash (3) 2,017 2,160 Total cash, cash equivalents and restricted cash $ 2,033,679 $ 2,806,634 (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 held in trust in accordance with WML's share award plan.
Schedule of Restricted Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): March 31, December 31, Cash and cash equivalents: Cash (1) $ 1,199,697 $ 2,354,244 Cash equivalents (2) 831,965 450,230 2,031,662 2,804,474 Restricted cash (3) 2,017 2,160 Total cash, cash equivalents and restricted cash $ 2,033,679 $ 2,806,634 (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 held in trust in accordance with WML's share award plan.
Schedule of Receivables, Net	Receivables, net consisted of the following (in thousands): March 31, December 31, Casino $ 180,955 $ 173,664 Hotel 23,878 22,487 Other 54,560 58,577 259,393 254,728 Less: allowance for doubtful accounts (31,167 ) (30,600 ) $ 228,226 $ 224,128
Changes by Component in Accumulated Other Comprehensive Income (Loss)	The following table presents the changes by component, net of tax and noncontrolling interests, in accumulated other comprehensive loss of the Company (in thousands): Foreign Unrealized Redemption Note Accumulated January 1, 2018 $ (553 ) $ (1,292 ) $ — $ (1,845 ) Cumulative credit risk adjustment (1) — — (9,211 ) (9,211 ) Change in net unrealized loss (1,321 ) (1,339 ) 7,690 5,030 Amounts reclassified to net loss (2) — 2,631 1,521 4,152 Other comprehensive income (loss) (1,321 ) 1,292 9,211 9,182 March 31, 2018 $ (1,874 ) $ — $ — $ (1,874 ) (1) On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") No. 2016-01, Financial Instruments . The adjustment to the beginning balance represents the cumulative effect of the change in instrument-specific credit risk on the Redemption Note. See "Recently Adopted Accounting Standards—Financial Instruments" below for additional information. (2) The amounts reclassified to net loss include $1.7 million for other-than-temporary impairment losses and $0.9 million in realized losses, both related to investment securities, and a $1.5 million realized gain related to the repayment of the Redemption Note.
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, Quoted Other Unobservable Assets: Cash equivalents $ 831,965 $ 884 $ 831,081 — Available-for-sale securities $ 129,702 — $ 129,702 — Restricted cash $ 2,017 — $ 2,017 — Fair Value Measurements Using: December 31, Quoted Other Unobservable Assets: Cash equivalents $ 450,230 $ 11,200 $ 439,030 — Available-for-sale securities $ 327,455 — $ 327,455 — Restricted cash $ 2,160 — $ 2,160 — Liabilities: Redemption Note $ 1,879,058 — $ 1,879,058 —
Reconciliation of Amounts Previously Reported and Resulting Impacts from Adoption of New Revenue Recognition Guidance	The table below provides a reconciliation of amounts previously reported and the resulting impacts from the adoption of the new revenue recognition guidance (in thousands): Three Months Ended March 31, 2017 As Previously Reported Adoption of ASC 606 As Adjusted Gross revenues $ 1,587,236 $ (163,479 ) $ 1,423,757 Promotional allowances (111,556 ) 111,556 — Operating revenues 1,475,680 (51,923 ) 1,423,757 Operating expenses 1,225,750 (51,923 ) 1,173,827 Operating income $ 249,930 $ — $ 249,930

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 2017 Numerator: Net income (loss) attributable to Wynn Resorts, Limited $ (204,307 ) $ 100,816 Denominator: Weighted average common shares outstanding 102,570 101,753 Potential dilutive effect of stock options and restricted stock — 316 Weighted average common and common equivalent shares outstanding 102,570 102,069 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ (1.99 ) $ 0.99 Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ (1.99 ) $ 0.99 Anti-dilutive stock options and restricted stock excluded from the calculation of diluted net income per share 1,139 689

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	Investment securities consisted of the following (in thousands): As of March 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (net carrying amount) Domestic and foreign corporate bonds $ 129,702 $ — $ — $ 129,702 As of December 31, 2017 Domestic and foreign corporate bonds $ 328,747 $ 6 $ (1,298 ) $ 327,455
Investments by Contractual Maturity Date	The fair values of these investment securities as of March 31, 2018 , by contractual maturity, are as follows (in thousands): Fair value Available-for-sale securities Due in one year or less $ 29,208 Due after one year through two years 73,588 Due after two years through three years 26,906 $ 129,702

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): March 31, December 31, Buildings and improvements $ 7,584,099 $ 7,582,611 Land and improvements 1,102,108 853,738 Furniture, fixtures and equipment 2,247,415 2,211,974 Leasehold interests in land 312,925 314,068 Airplanes 158,840 158,840 Construction in progress 1,242,900 1,016,207 12,648,287 12,137,438 Less: accumulated depreciation (3,760,444 ) (3,638,682 ) $ 8,887,843 $ 8,498,756

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following (in thousands): March 31, December 31, Macau Related: Wynn Macau Credit Facilities: Senior Term Loan Facility, due 2021 $ 2,295,072 $ 2,298,798 Senior Revolving Credit Facility, due 2020 623,401 — 4 7/8% Senior Notes, due 2024 600,000 600,000 5 1/2% Senior Notes, due 2027 750,000 750,000 U.S. and Corporate Related: Bridge Facility 800,000 — Wynn America Credit Facilities: Senior Term Loan Facility, due 2021 1,000,000 1,000,000 Senior Revolving Credit Facility, due 2021 250,000 — 4 1/4% Senior Notes, due 2023 500,000 500,000 5 1/2% Senior Notes, due 2025 1,780,000 1,800,000 5 1/4% Senior Notes, due 2027 880,000 900,000 Redemption Price Promissory Note, due 2022 — 1,936,443 9,478,473 9,785,241 Less: Unamortized debt issuance costs and original issue discounts and premium, net (122,080 ) (99,231 ) Less: Redemption Note fair value adjustment — (57,384 ) 9,356,393 9,628,626 Current portion of long-term debt (121,714 ) (62,690 ) Total long-term debt, net of current portion $ 9,234,679 $ 9,565,936

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue by Type of Revenue and Geographic Location (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue Recognition [Abstract]
Schedule of Disaggregation of Revenues [Table text block]	The Company operates integrated resorts in Macau and Las Vegas and generates revenues at its properties by providing the following types of services and products: gaming, rooms, food and beverage and entertainment, retail and other. Revenues disaggregated by type of revenue and geographic location are as follows (in thousands): Three Months Ended March 31, 2018 Macau Operations Las Vegas Operations Total Casino $ 1,107,495 $ 134,644 $ 1,242,139 Rooms 68,853 121,457 190,310 Food and beverage 46,385 125,837 172,222 Entertainment, retail and other (1) 61,354 49,553 110,907 Total operating revenues $ 1,284,087 $ 431,491 $ 1,715,578 Three Months Ended March 31, 2017 Casino $ 865,074 $ 124,666 $ 989,740 Rooms 53,195 115,629 168,824 Food and beverage 38,991 125,542 164,533 Entertainment, retail and other (1) 47,762 52,898 100,660 Total operating revenues $ 1,005,022 $ 418,735 $ 1,423,757

Revenue Schedule of Customer Co

Revenue Schedule of Customer Contract Liabilities (Tables)	3 Months Ended
	Mar. 31, 2018
Schedule of Customer Contract Liabilities [Abstract]
Schedule of Customer Contract Liabilities [Table Text Block]	The Company’s primary liabilities associated with customer contracts are as follows (in thousands): March 31, 2018 December 31, 2017 Increase/ (decrease) March 31, 2017 December 31, 2016 Increase/ (decrease) Casino outstanding chips and front money deposits (1) $ 983,538 $ 991,957 $ (8,419 ) $ 679,192 $ 546,487 $ 132,705 Advance room deposits and ticket sales (2) 49,692 52,253 (2,561 ) 47,520 45,696 1,824 Other gaming-related liabilities (3) 9,393 12,765 (3,372 ) 9,521 12,033 (2,512 ) Loyalty program and related liabilities (4) 20,455 18,421 2,034 9,038 7,942 1,096 $ 1,063,078 $ 1,075,396 $ (12,318 ) $ 745,271 $ 612,158 $ 133,113

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Total Compensation Cost	The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended March 31, 2018 2017 Casino $ 1,819 $ 1,596 Rooms 127 149 Food and beverage 378 331 Entertainment, retail and other 43 27 General and administrative 4,937 6,104 Total stock-based compensation expense 7,304 8,207 Total stock-based compensation capitalized — 2 Total stock-based compensation costs $ 7,304 $ 8,209

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Summary of Operations by Segment	Three Months Ended March 31, 2018 2017 (as adjusted) Operating revenues Macau Operations: Wynn Macau $ 618,241 $ 552,716 Wynn Palace 665,846 452,306 Total Macau Operations 1,284,087 1,005,022 Las Vegas Operations 431,491 418,735 Total $ 1,715,578 $ 1,423,757 Adjusted Property EBITDA (1) Macau Operations: Wynn Macau $ 209,822 $ 181,106 Wynn Palace 211,911 111,856 Total Macau Operations 421,733 292,962 Las Vegas Operations 142,596 134,577 Total 564,329 427,539 Other operating expenses Litigation settlement 463,557 — Pre-opening 10,345 5,779 Depreciation and amortization 136,357 139,820 Property charges and other 3,051 3,036 Corporate expenses and other 25,009 20,767 Stock-based compensation 7,304 8,207 Total other operating expenses 645,623 177,609 Operating income (loss) (81,294 ) 249,930 Other non-operating income and expenses Interest income 7,220 6,471 Interest expense, net of amounts capitalized (98,227 ) (98,262 ) Change in interest rate swap fair value — (771 ) Change in Redemption Note fair value (69,331 ) (15,847 ) Gain on extinguishment of debt 2,329 — Other (9,220 ) (6,106 ) Total other non-operating income and expenses (167,229 ) (114,515 ) Income (loss) before income taxes (248,523 ) 135,415 Benefit (provision) for income taxes 111,045 (2,890 ) Net income (loss) (137,478 ) 132,525 Net income attributable to noncontrolling interests (66,829 ) (31,709 ) Net income (loss) attributable to Wynn Resorts, Limited $ (204,307 ) $ 100,816 (1) "Adjusted Property EBITDA" is net income (loss) before interest, income taxes, depreciation and amortization, litigation settlement expense, pre-opening expenses, property charges and other, management and license fees, corporate expenses and other (including intercompany golf course and water rights leases), stock-based compensation, gain on extinguishment of debt, change in interest rate swap fair value, change in Redemption Note fair value and other non-operating income and expenses, and includes equity in income from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDA because it is used by some investors as a way to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income (loss) as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, our calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.
Summary of Assets by Segment	March 31, December 31, Assets Macau Operations: Wynn Macau $ 1,935,214 $ 1,271,544 Wynn Palace 3,945,508 4,017,494 Other Macau 422,854 174,769 Total Macau Operations 6,303,576 5,463,807 Las Vegas Operations 2,903,615 3,266,390 Encore Boston Harbor 1,292,195 1,060,530 Corporate and other 1,715,788 2,891,012 Total $ 12,215,174 $ 12,681,739

Organization and Basis of Pre32

Organization and Basis of Presentation - Additional Information (Details)	3 Months Ended
	Mar. 31, 2018ft²FacilityHotelRestaurantOutletRoomshowroom	Dec. 31, 2017ft²
Wynn Macau
Organization and Basis of Presentation [Line Items]
Percentage of ownership	72.00%
Number of hotel	2
Number of rooms in hotel | Room	1,008
Number of restaurants | Restaurant	8
Wynn Macau | Casino
Organization and Basis of Presentation [Line Items]
Area of property	273,000
Wynn Macau | Meeting and convention
Organization and Basis of Presentation [Line Items]
Area of property	31,000
Wynn Macau | Retail
Organization and Basis of Presentation [Line Items]
Area of property	59,000
Wynn Palace
Organization and Basis of Presentation [Line Items]
Number of rooms in hotel | Room	1,706
Number of restaurants | Restaurant	11
Wynn Palace | Casino
Organization and Basis of Presentation [Line Items]
Area of property	424,000
Wynn Palace | Meeting and convention
Organization and Basis of Presentation [Line Items]
Area of property	37,000
Wynn Palace | Retail
Organization and Basis of Presentation [Line Items]
Area of property	106,000
Las Vegas
Organization and Basis of Presentation [Line Items]
Percentage of ownership	100.00%
Number of hotel | Hotel	2
Number of rooms in hotel | Room	4,748
Las Vegas | Casino
Organization and Basis of Presentation [Line Items]
Area of property	192,000
Las Vegas | Meeting and convention
Organization and Basis of Presentation [Line Items]
Area of property	290,000
Las Vegas | Retail
Organization and Basis of Presentation [Line Items]
Area of property	106,000
Las Vegas | Food and beverage
Organization and Basis of Presentation [Line Items]
Number of outlets | Outlet	33
Las Vegas | Theaters
Organization and Basis of Presentation [Line Items]
Number of showrooms | showroom	2
Las Vegas | Nightclubs
Organization and Basis of Presentation [Line Items]
Number of facilities | Facility	3
Wynn Retail | Retail
Organization and Basis of Presentation [Line Items]
Percentage of ownership	50.10%
Area of property		88,000
Area of property, currently under construction		74,000

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash	$ 1,199,697	$ 2,354,244
Cash equivalents	831,965	450,230
Cash and cash equivalents	2,031,662	2,804,474
Restricted cash	2,017	2,160
Total cash, cash equivalents and restricted cash	$ 2,033,679	$ 2,806,634	$ 2,546,301	$ 2,645,945

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Schedule of Receivables, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 259,393	$ 254,728
Less: allowance for doubtful accounts	(31,167)	(30,600)
Receivables, net	228,226	224,128
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	180,955	173,664
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	23,878	22,487
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 54,560	$ 58,577

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	Feb. 18, 2012	Mar. 31, 2018	Mar. 31, 2017	Mar. 30, 2018	Dec. 31, 2017
Summary of Significant Accounting Policies [Line Items]
Cash equivalents		$ 831,965			$ 450,230
Bank deposits and cash on hand		$ 1,199,697			$ 2,354,244
Percentage of credit markers due from customers residing outside of the United States		84.60%			81.70%
Gaming tax expenses		$ 610,000	$ 496,700
Increase in Restricted Cash			$ 189,900
Aruze United States Of America Inc
Summary of Significant Accounting Policies [Line Items]
Common stock redeemed, shares	24,549,222
Debt instrument, face amount	$ 1,940,000
Promissory Notes | Aruze United States Of America Inc | Redemption Note
Summary of Significant Accounting Policies [Line Items]
Common stock redeemed, shares	24,549,222
Debt instrument, face amount	$ 1,940,000			$ 1,940,000
Stated interest rate		2.00%			2.00%
Fair value of Redemption Note					$ 1,880,000
Accumulated other comprehensive loss
Summary of Significant Accounting Policies [Line Items]
Cumulative credit risk adjustment					(9,211)
Accumulated other comprehensive loss | Accounting Standards Update 2016-01
Summary of Significant Accounting Policies [Line Items]
Cumulative credit risk adjustment					(9,200)
Retained earnings
Summary of Significant Accounting Policies [Line Items]
Cumulative credit risk adjustment					9,211
Retained earnings | Accounting Standards Update 2016-01
Summary of Significant Accounting Policies [Line Items]
Cumulative credit risk adjustment					$ 9,200

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Changes by Component in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
December 31, 2017	$ (1,845)
Redemption Note settlement credit risk adjustment	(9,211)	$ 0
Change in net unrealized loss	5,030
Amounts reclassified to net loss	4,152
Other comprehensive income (loss)	9,182
March 31, 2018	(1,874)
Other-than-temporary impairment losses	1,700
Gain related to repayment of Redemption Note	2,329	$ 0
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
December 31, 2017	(553)
Redemption Note settlement credit risk adjustment	0
Change in net unrealized loss	(1,321)
Amounts reclassified to net loss	0
Other comprehensive income (loss)	(1,321)
March 31, 2018	(1,874)
Unrealized loss on investment securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
December 31, 2017	(1,292)
Redemption Note settlement credit risk adjustment	0
Change in net unrealized loss	(1,339)
Amounts reclassified to net loss	2,631
Other comprehensive income (loss)	1,292
March 31, 2018	0
Other-than-temporary impairment losses	1,700
Realized losses on investments	900
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Redemption Note settlement credit risk adjustment	(9,211)
Redemption Note
Accumulated Other Comprehensive Income (Loss) [Line Items]
December 31, 2017	0
Change in net unrealized loss	7,690
Amounts reclassified to net loss	1,521
Other comprehensive income (loss)	9,211
March 31, 2018	0
Gain related to repayment of Redemption Note	$ 1,500

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Carried at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets:
Cash equivalents	$ 831,965	$ 450,230
Restricted cash	2,017	2,160
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	831,965	450,230
Available-for-sale securities	129,702	327,455
Restricted cash	2,017	2,160
Liabilities:
Redemption Note		1,879,058
Fair Value, Measurements, Recurring | Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	884	11,200
Available-for-sale securities	0	0
Restricted cash	0	0
Liabilities:
Redemption Note		0
Fair Value, Measurements, Recurring | Other Observable Inputs (Level 2)
Assets:
Cash equivalents	831,081	439,030
Available-for-sale securities	129,702	327,455
Restricted cash	2,017	2,160
Liabilities:
Redemption Note		1,879,058
Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Available-for-sale securities	0	0
Restricted cash	0	0
Liabilities:
Redemption Note		0
Domestic and foreign corporate bonds
Assets:
Available-for-sale securities	$ 129,702	$ 327,455

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Reconciliation of Amounts Previously Reported and Resulting Impacts from Adoption of New Revenue Recognition Guidance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Gross revenues		$ 1,423,757
Promotional allowances		0
Total operating revenues	$ 1,715,578	1,423,757
Total operating expenses	1,796,872	1,173,827
Operating income (loss)	$ (81,294)	249,930
As Previously Reported
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Gross revenues		1,587,236
Promotional allowances		(111,556)
Total operating revenues		1,475,680
Total operating expenses		1,225,750
Operating income (loss)		249,930
Accounting Standards Update 2014-09 | Adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Gross revenues		(163,479)
Promotional allowances		111,556
Total operating revenues		(51,923)
Total operating expenses		(51,923)
Operating income (loss)		$ 0

Earnings Per Share - Schedule o

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, 2018	Mar. 31, 2017
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited	$ (204,307)	$ 100,816
Denominator:
Weighted average common shares outstanding (shares)	102,570	101,753
Potential dilutive effect of stock options and restricted stock (shares)	0	316
Weighted average common and common equivalent shares outstanding (shares)	102,570	102,069
Earnings Per Share, Basic	$ (1.99)	$ 0.99
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in dollars per share)	$ (1.99)	$ 0.99
Antidilutive securities excluded from computation of earnings per share (shares)	1,139	689

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Other-than-temporary impairment losses	$ 1,700
Domestic and foreign corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	129,702	$ 328,747
Gross unrealized gains	0	6
Gross unrealized losses	0	(1,298)
Fair value (net carrying amount)	$ 129,702	$ 327,455

Investment Securities - Investm

Investment Securities - Investments by Contractual Maturity (Details) $ in Thousands	Mar. 31, 2018USD ($)
Investments, Debt and Equity Securities [Abstract]
Due in one year or less	$ 29,208
Due after one year through two years	73,588
Due after two years through three years	26,906
Fair value	$ 129,702

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)a	Dec. 31, 2017USD ($)
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 7,584,099	$ 7,582,611
Land and improvements	1,102,108	853,738
Furniture, fixtures and equipment	2,247,415	2,211,974
Leasehold interests in land	312,925	314,068
Airplanes	158,840	158,840
Construction in progress	1,242,900	1,016,207
Property and equipment, gross	12,648,287	12,137,438
Less: accumulated depreciation	(3,760,444)	(3,638,682)
Property and equipment, net	8,887,843	$ 8,498,756
Capital Leased Assets [Line Items]
Finite-lived Intangible Assets Acquired	89,100
Land
Capital Leased Assets [Line Items]
Ground lease payments due 2019	3,800
Ground lease payments due 2020	3,800
Ground lease payments due 2021	3,800
Ground lease payments due 2022	3,800
Ground lease payments due 2023	3,800
Ground lease payments due thereafter	$ 370,700
Land
Capital Leased Assets [Line Items]
Acres of land acquired | a	38
Payments to acquire land	$ 336,200
Land Subject to Ground Lease
Capital Leased Assets [Line Items]
Acres of land acquired | a	16

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt, gross	$ 9,478,473	$ 9,785,241
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(122,080)	(99,231)
Less: Redemption Note fair value adjustment	0	(57,384)
Long-term debt total	9,356,393	9,628,626
Current portion of long-term debt	(121,714)	(62,690)
Total long-term debt, net of current portion	9,234,679	9,565,936
Bridge Facility | Bridge Loan
Debt Instrument [Line Items]
Long-term debt, gross	800,000	0
Wynn Macau | Senior Term Loan Facility, due 2021 | Secured Debt
Debt Instrument [Line Items]
Long-term debt, gross	2,295,072	2,298,798
Wynn Macau | Senior Revolving Credit Facility, due 2020 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	623,401	0
Wynn Macau, Limited | 4 7/8% Senior Notes, due 2024 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	600,000	600,000
Wynn Macau, Limited | 5 1/2% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	750,000	750,000
Wynn America | Senior Term Loan Facility, due 2021 | Secured Debt
Debt Instrument [Line Items]
Long-term debt, gross	1,000,000	1,000,000
Wynn America | Senior Revolving Credit Facility, due 2021 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	250,000	0
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 4 1/4% Senior Notes, due 2023 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	500,000	500,000
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 5 1/2% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	1,780,000	1,800,000
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 5 1/4% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	880,000	900,000
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | Redemption Price Promissory Note, due 2022 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 0	$ 1,936,443

Long-Term Debt - Summary of L44

Long-Term Debt - Summary of Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jul. 18, 2016
Debt Instrument [Line Items]
Change in Redemption Note fair value	$ (69,331)	$ (15,847)
Wynn Macau
Debt Instrument [Line Items]
Interest rate during period	3.24%		3.16%
Wynn Macau | Senior Term Loan Facility, due 2021 | Secured Debt
Debt Instrument [Line Items]
Long-term debt due date	Sep. 30, 2021
Interest rate during period	2.70%	2.76%
Wynn Macau | Senior Revolving Credit Facility, due 2020 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate during period	2.64%	2.75%
Wynn Macau, Limited | 4 7/8% Senior Notes, due 2024 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.875%
Long-term debt due date	Oct. 1, 2024
Wynn Macau, Limited | 5 1/2% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.50%
Long-term debt due date	Oct. 1, 2027
Wynn Macau, Limited | WML Finance Credit Facility, due 2018 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Stated interest rate	1.50%		1.50%	1.50%
Long-term debt due date	Jul. 1, 2018	Jul. 1, 2018
Wynn America | Senior Term Loan Facility, Various Maturities | Secured Debt
Debt Instrument [Line Items]
Interest rate during period	2.99%	2.52%
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 4 1/4% Senior Notes, due 2023 | Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance cost and original issuance discount	$ 2,534		$ 2,819
Stated interest rate	4.25%		4.25%
Long-term debt due date	May 30, 2023	May 30, 2023
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 5 1/2% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.50%		5.50%
Long-term debt due date	Mar. 1, 2025	Mar. 1, 2025
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 5 1/4% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.25%
Long-term debt due date	May 15, 2027
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 5 3/8% First Mortgage Notes, Due March 15, 2022 | Mortgages
Debt Instrument [Line Items]
Long-term debt due date	Mar. 15, 2022	Mar. 15, 2022
Aruze United States Of America Inc | Redemption Note | Promissory Notes
Debt Instrument [Line Items]
Stated interest rate	2.00%		2.00%
Long-term debt due date	Feb. 18, 2022	Feb. 18, 2022
LIBOR or HIBOR | Minimum | Wynn Macau | Senior Term Loan Facility, due 2021 | Secured Debt
Debt Instrument [Line Items]
Interest in addition to LIBOR	1.50%	1.50%
LIBOR or HIBOR | Minimum | Wynn Macau | Senior Revolving Credit Facility, due 2020 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to LIBOR	1.50%	1.50%
LIBOR or HIBOR | Maximum | Wynn Macau | Senior Term Loan Facility, due 2021 | Secured Debt
Debt Instrument [Line Items]
Interest in addition to LIBOR	2.25%	2.25%
LIBOR or HIBOR | Maximum | Wynn Macau | Senior Revolving Credit Facility, due 2020 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to LIBOR	2.25%	2.25%
LIBOR | Minimum | Wynn America | Senior Term Loan Facility, Various Maturities | Secured Debt
Debt Instrument [Line Items]
Interest in addition to LIBOR	0.75%	0.75%
LIBOR | Maximum | Wynn America | Senior Term Loan Facility, Various Maturities | Secured Debt
Debt Instrument [Line Items]
Interest in addition to LIBOR	1.75%	1.75%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) $ in Millions

Mar. 28, 2018

Mar. 31, 2018USD ($)

Mar. 31, 2017

Dec. 31, 2017USD ($)

Mar. 30, 2018USD ($)

Mar. 20, 2018USD ($)

May 11, 2017

Oct. 25, 2016USD ($)

Oct. 25, 2016HKD ($)

Jul. 18, 2016

Jun. 30, 2016USD ($)

Feb. 18, 2012USD ($)

Debt Instrument [Line Items]

Fair value, excluding the redemption note

$ 9,390,000,000

$ 7,950,000,000

Long-term debt excluding Redemption Note, debt issuance cost, original issue discount and premium

$ 9,480,000,000

$ 7,850,000,000

Wynn Macau

Debt Instrument [Line Items]

Interest rate during period

3.24%

3.16%

Line of credit facility, remaining borrowing capacity

$ 123,700,000

Wynn Macau | Senior Term Loan Facility, due 2021 | Secured Debt

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 2,300,000,000

Interest rate during period

2.70%

2.76%

Wynn Macau | Senior Term Loan Facility, due 2021 | Senior Secured Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 750,000,000

Wynn Macau, Limited | WML Finance Credit Facility, due 2018 | Senior Secured Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 493,300,000

$ 3,870

Stated interest rate

1.50%

1.50%

1.50%

Margin to stated interest rate

0.40%

Borrowings under credit facility

$ 0

Wynn Macau, Limited | 4 7/8% Senior Notes, due 2024 | Senior Notes

Debt Instrument [Line Items]

Stated interest rate

4.875%

Wynn Macau, Limited | 5 1/2% Senior Notes, due 2027 | Senior Notes

Debt Instrument [Line Items]

Stated interest rate

5.50%

Aruze United States Of America Inc

Debt Instrument [Line Items]

Debt instrument, face amount

$ 1,940,000,000

Aruze United States Of America Inc | Redemption Price Promissory Note, due 2022 | Promissory Notes

Debt Instrument [Line Items]

Stated interest rate

2.00%

2.00%

Debt instrument, face amount

$ 1,940,000,000

$ 1,940,000,000

Wynn America | Wynn America Credit Facilities | Secured Debt

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 875,000,000

Interest rate during period

3.63%

3.32%

Line of credit facility, remaining borrowing capacity

$ 107,300,000

Wynn America | WA Senior Term Loan Facility II | Secured Debt

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 125,000,000

Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 5 1/4% Senior Notes, Due May 15, 2027 | Senior Notes

Debt Instrument [Line Items]

Stated interest rate

5.25%

Principal amount purchased

$ 20,000,000

Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | Five and One Half Percent Senior Notes Due March One Twenty Twenty Five [Member] | Senior Notes

Debt Instrument [Line Items]

Stated interest rate

5.50%

5.50%

Principal amount purchased

$ 20,000,000

Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 4 1/4% Senior Notes, due 2023 | Senior Notes

Debt Instrument [Line Items]

Stated interest rate

4.25%

4.25%

Amount paid to execute indenture

$ 25,000,000

Senior Secured Revolving Credit Facility | Wynn America | Wynn America Credit Facilities

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 375,000,000

Letters of credit outstanding

$ 17,700,000

Subsidiary Issuer | Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp | 5 1/4% Senior Notes, Due May 15, 2027 | Senior Notes

Debt Instrument [Line Items]

Stated interest rate

5.25%

Bridge Loan | Bridge Facility

Debt Instrument [Line Items]

Term loan, duration

364 days

Bridge Loan | Base Rate | Bridge Facility

Debt Instrument [Line Items]

Basis spread on variable rate

2.75%

Bridge Loan | LIBOR | Bridge Facility

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Millions	Apr. 24, 2018$ / shares	Apr. 03, 2018USD ($)$ / sharesshares	Mar. 23, 2018$ / shares	Mar. 23, 2018USD ($)	Nov. 30, 2016$ / shares	Mar. 31, 2018USD ($)$ / shares	Mar. 31, 2017USD ($)$ / shares	Dec. 31, 2017$ / shares
Subsidiary, Sale of Stock [Line Items]
Common stock, par value (usd per share)						$ 0.01		$ 0.01
Noncontrolling Interest [Line Items]
Cash dividend paid (usd per share)					$ 0.5		$ 0.50
Dividends | $						$ 51.4	$ 50.8
Dividends declared per common share (usd per share)						$ 0.50	$ 0.50
Wynn Macau, Limited | Subsidiaries
Noncontrolling Interest [Line Items]
Dividends | $				$ 497.1
Dividends declared per common share (usd per share)			$ 0.75
Wynn Macau, Limited
Noncontrolling Interest [Line Items]
Proceeds from dividends received | $				$ 358.8
Decrease from distributions to noncontrolling interest | $						$ 138.3
Subsequent Event
Noncontrolling Interest [Line Items]
Dividends declared per common share (usd per share)	$ 0.75
Subsequent Event | Equity Offering
Subsidiary, Sale of Stock [Line Items]
Newly issued shares sold in registered public offering (in shares) | shares		5,300,000
Common stock, par value (usd per share)		$ 0.01
Price per share (usd per share)		$ 175
Net proceeds | $		$ 915.8

Revenue Revenue Recognition (De

Revenue Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Disaggregation of Revenues and Contract Liabilities [Line Items]
Casino	$ 1,242,139	$ 989,740
Occupancy	190,310	168,824
Food and Beverage	172,222	164,533
Entertainment Retail And Other	110,907	100,660
Revenues	1,715,578	1,423,757
Macau Operations [Member]
Schedule of Disaggregation of Revenues and Contract Liabilities [Line Items]
Casino	1,107,495	865,074
Occupancy	68,853	53,195
Food and Beverage	46,385	38,991
Entertainment Retail And Other	61,354	47,762
Revenues	1,284,087	1,005,022
Las Vegas Operations [Member]
Schedule of Disaggregation of Revenues and Contract Liabilities [Line Items]
Casino	134,644	124,666
Occupancy	121,457	115,629
Food and Beverage	125,837	125,542
Entertainment Retail And Other	49,553	52,898
Revenues	$ 431,491	$ 418,735

Revenue Schedule of Customer 48

Revenue Schedule of Customer Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Schedule of Customer Contract Liabilities [Abstract]
Casino outstanding chips and front money deposits	$ 983,538	$ 679,192	$ 991,957	$ 546,487
Change in outstanding chips and front money deposits	(8,419)	132,705
Advanced room deposits and ticket sales	49,692	47,520	52,253	45,696
Change in advanced room deposits and ticket sales	(2,561)	1,824
Other gaming related liabilities	9,393	9,521	12,765	12,033
Change in other gaming related liabilities	(3,372)	(2,512)
Loyalty program liabilities	20,455	9,038	18,421	7,942
Change in loyalty program liabilities	2,034	1,096
Total Customer Contract Liabilities	1,063,078	745,271	$ 1,075,396	$ 612,158
Change in total customer contract liabilities	$ (12,318)	$ 133,113

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Total Stock-Based Compensation Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 7,304	$ 8,207
Total stock-based compensation capitalized	0	2
Total stock-based compensation costs	7,304	8,209
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,819	1,596
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	127	149
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	378	331
Entertainment, retail and other
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	43	27
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	4,937	6,104
Performance Shares
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation costs	$ 1,800	$ 4,900

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs	$ 7,304	$ 8,209
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs	$ 1,800	$ 4,900

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Thousands, MOP$ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Aug. 01, 2016USD ($)	Aug. 01, 2016MOP (MOP$)
Income Tax Disclosure [Abstract]
Benefit (provision) for income taxes	$ 111,045	$ (2,890)
Tax exemption period	5 years
Payment exempt	$ 26,900	12,700
Annual complementary tax obligation			$ 1,600	MOP$ 12.8
Provisional net tax benefit		$ 339,900

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	Mar. 20, 2018shares
Registration Rights Agreement [Member] | Former Board of Directors Chairman and Chief Executive Officer
Related Party Transaction [Line Items]
Maximum shares of common stock permitted to sell per quarter without prior written consent	4,043,903

Retail Joint Venture - Addition

Retail Joint Venture - Additional information (Details) - Retail - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2018	Dec. 31, 2017
Retail Joint Venture
Schedule of Variable Interest Entities [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			49.90%
Joint venture, cash consideration received	$ 217
Joint venture note receivable			$ 75
Present value of note		$ 75
Percentage of ownership			50.10%
Assets		69	$ 59.7
Liabilities		$ 2.1	$ 0.9
New Joint Venture
Schedule of Variable Interest Entities [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			49.90%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Feb. 13, 2016USD ($)	Feb. 13, 2015USD ($)	Feb. 13, 2014USD ($)	Feb. 18, 2012USD ($)shares	Mar. 31, 2018USD ($)claim	Mar. 31, 2017USD ($)	Apr. 28, 2017USD ($)
Commitments and Contingencies [Line Items]
Litigation Settlement					$ 463,557,000	$ 0
Released accrued interest held in escrow					$ 232,400,000
Redemption Price Promissory Note with former stockholder and related party, due February 18, 2022; interest at 2%
Commitments and Contingencies [Line Items]
Interest payment due	$ 38,700,000	$ 38,700,000	$ 38,700,000
Wynn MA, LLC [Member]
Commitments and Contingencies [Line Items]
Guaranteed maximum price of contract							$ 1,320,000,000
Aruze United States Of America Inc
Commitments and Contingencies [Line Items]
Common stock redeemed, shares | shares				24,549,222
Redemption price promissory note, principal amount				$ 1,940,000,000
Pending Litigation | Derivative Claims
Commitments and Contingencies [Line Items]
Number of derivative actions commenced in the U.S. District Court | claim					2
Construction Performance Bond [Member] | Wynn MA, LLC [Member]
Commitments and Contingencies [Line Items]
Wynn Boston Harbor Performance Bond							$ 350,000,000

Segment Information - Additiona

Segment Information - Additional Information (Details)	3 Months Ended
	Mar. 31, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segment Information - Summary o

Segment Information - Summary of Results of Operations by Segment (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Net revenues		$ 1,715,578	$ 1,423,757
Adjusted Property EBITDA		564,329	427,539
Other operating costs and expenses
Pre-opening		10,345	5,779
Depreciation and amortization		136,357	139,820
Property charges and other		3,051	3,036
Corporate expenses and other		25,009	20,767
Stock-based compensation		7,304	8,207
Total other operating expenses		645,623	177,609
Operating income (loss)		(81,294)	249,930
Non-operating income and expenses
Interest income		7,220	6,471
Interest expense, net of amounts capitalized		(98,227)	(98,262)
Change in interest rate swap fair value		0	(771)
Change in Redemption Note fair value		(69,331)	(15,847)
Loss on extinguishment of debt		2,329	0
Other		(9,220)	(6,106)
Total other non-operating income and expenses		(167,229)	(114,515)
Income (loss) before income taxes		(248,523)	135,415
Benefit (provision) for income taxes		111,045	(2,890)
Net income (loss)		(137,478)	132,525
Net Income (Loss) Attributable to Noncontrolling Interest		(66,829)	(31,709)
Net income (loss) attributable to Wynn Resorts, Limited		(204,307)	100,816
Wynn Macau
Segment Reporting Information [Line Items]
Net revenues		618,241	552,716
Adjusted Property EBITDA	[1]	209,822	181,106
Wynn Palace
Segment Reporting Information [Line Items]
Net revenues		665,846	452,306
Adjusted Property EBITDA	[1]	211,911	111,856
Macau Operations [Domain]
Segment Reporting Information [Line Items]
Net revenues		1,284,087	1,005,022
Adjusted Property EBITDA		421,733	292,962
Las Vegas
Segment Reporting Information [Line Items]
Net revenues		431,491	418,735
Adjusted Property EBITDA	[1]	$ 142,596	$ 134,577
[1]	"Adjusted Property EBITDA" is net income (loss) before interest, income taxes, depreciation and amortization, litigation settlement expense, pre-opening expenses, property charges and other, management and license fees, corporate expenses and other (including intercompany golf course and water rights leases), stock-based compensation, gain on extinguishment of debt, change in interest rate swap fair value, change in Redemption Note fair value and other non-operating income and expenses, and includes equity in income from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDA because it is used by some investors as a way to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income (loss) as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, our calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

Segment Information - Summary57

Segment Information - Summary of Assets by Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 12,215,174	$ 12,681,739
Corporate and other
Segment Reporting Information [Line Items]
Assets	1,715,788	2,891,012
Operating Segments [Member] | Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	2,903,615	3,266,390
Operating Segments [Member] | Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	1,292,195	1,060,530
Operating Segments [Member] | Macau
Segment Reporting Information [Line Items]
Assets	6,303,576	5,463,807
Operating Segments [Member] | Macau | Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,935,214	1,271,544
Operating Segments [Member] | Macau | Wynn Palace
Segment Reporting Information [Line Items]
Assets	3,945,508	4,017,494
Operating Segments [Member] | Macau | Other Macau
Segment Reporting Information [Line Items]
Assets	$ 422,854	$ 174,769