Wynn Resorts, Limited (WYNN) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 27, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	000-50028
Entity Registrant Name	WYNN RESORTS, LIMITED
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	46-0484987
Entity Address, Address Line One	3131 Las Vegas Boulevard South
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89109
City Area Code	702
Local Phone Number	770-7555
Title of 12(b) Security	Common stock, par value $0.01
Trading Symbol	WYNN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		107,847,969
Amendment Flag	false
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 3,797,740	$ 2,351,904
Accounts receivable, net of allowance for credit losses of $88,319 and $39,317	296,318	346,429
Inventories	84,779	88,519
Prepaid expenses and other	57,544	69,485
Total current assets	4,236,381	2,856,337
Property and equipment, net	9,415,313	9,623,832
Restricted cash	4,847	6,388
Intangible assets, net	141,299	146,414
Operating lease assets	440,075	452,919
Deferred income taxes, net	406,947	562,262
Other assets	240,813	223,129
Total assets	14,885,675	13,871,281
Current liabilities:
Accounts and construction payables	215,832	262,437
Customer deposits	954,074	824,269
Gaming taxes payable	7,484	168,043
Accrued compensation and benefits	157,911	180,140
Accrued interest	82,655	73,136
Current portion of long-term debt	298,050	323,876
Other accrued liabilities	153,845	150,983
Total current liabilities	1,869,851	1,982,884
Long-term debt	12,477,183	10,079,983
Long-term operating lease liabilities	154,392	159,182
Other long-term liabilities	110,051	107,760
Total liabilities	14,611,477	12,329,809
Commitments and contingencies (Note 14)
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; 123,425,898 and 122,837,930 shares issued; 107,869,865 and 107,363,943 shares outstanding, respectively	1,234	1,228
Treasury stock, at cost; 15,556,033 and 15,473,987 shares, respectively	(1,419,435)	(1,410,998)
Additional paid-in capital	2,543,718	2,512,676
Accumulated other comprehensive loss	(908)	(1,679)
Retained earnings (accumulated deficit)	(505,090)	641,818
Total Wynn Resorts, Limited stockholders' equity	619,519	1,743,045
Noncontrolling interests	(345,321)	(201,573)
Total stockholders' equity	274,198	1,541,472
Total liabilities and stockholders' equity	14,885,675	13,871,281
Accounts receivable, allowance for credit losses	$ 88,319	$ 39,317

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 88,319	$ 39,317
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	123,425,898	122,837,930
Common stock, shares outstanding	107,869,865	107,363,943
Treasury stock, shares	15,556,033	15,473,987

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating revenues:
Total operating revenues	$ 85,698	$ 1,658,332	$ 1,039,414	$ 3,309,878
Operating expenses:
General and administrative	152,081	202,224	386,409	419,546
Provision for credit losses	28,347	3,581	48,960	9,003
Pre-opening	2,186	69,883	4,737	97,596
Depreciation and amortization	179,266	140,269	358,012	276,826
Property charges and other	6,567	6,930	33,796	9,704
Total operating expenses	608,714	1,439,616	1,809,841	2,835,986
Operating income (loss)	(523,016)	218,716	(770,427)	473,892
Other income (expense):
Interest income	3,983	6,265	11,936	13,552
Interest expense, net of amounts capitalized	(133,218)	(93,149)	(262,045)	(186,329)
Change in derivatives fair value	(3,294)	(3,304)	(18,954)	(4,813)
Loss on extinguishment of debt	(619)	0	(1,462)	0
Other	2,233	11,715	12,568	5,357
Other income (expense), net	(130,915)	(78,473)	(257,957)	(172,233)
Income (loss) before income taxes	(653,931)	140,243	(1,028,384)	301,659
(Provision) benefit for income taxes	(80,938)	1,991	(156,738)	306
Net income (loss)	(734,869)	142,234	(1,185,122)	301,965
Less: net (income) loss attributable to noncontrolling interests	97,305	(47,683)	145,521	(102,542)
Net income (loss) attributable to Wynn Resorts, Limited	$ (637,564)	$ 94,551	$ (1,039,601)	$ 199,423
Net income (loss) attributable to Wynn Resorts, Limited:
Basic (in usd per share)	$ (5.97)	$ 0.88	$ (9.74)	$ 1.87
Diluted (in usd per share)	$ (5.97)	$ 0.88	$ (9.74)	$ 1.86
Weighted average common shares outstanding:
Basic (in shares)	106,713	106,876	106,688	106,834
Diluted (in shares)	106,713	107,141	106,688	107,089
Dividends declared per common share (usd per share)	$ 0	$ 1	$ 1	$ 1.75
Casino
Operating revenues:
Total operating revenues	$ 9,413	$ 1,142,503	$ 580,202	$ 2,327,604
Operating expenses:
Cost of goods and services sold	131,138	724,987	573,828	1,475,058
Rooms
Operating revenues:
Total operating revenues	17,415	198,807	170,096	390,077
Operating expenses:
Cost of goods and services sold	30,367	66,148	103,847	129,854
Food and beverage
Operating revenues:
Total operating revenues	24,007	218,022	173,421	391,241
Operating expenses:
Cost of goods and services sold	61,889	182,080	237,799	330,841
Entertainment, retail and other
Operating revenues:
Total operating revenues	34,863	99,000	115,695	200,956
Operating expenses:
Cost of goods and services sold	$ 16,873	$ 43,514	$ 62,453	$ 87,558

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (734,869)	$ 142,234	$ (1,185,122)	$ 301,965
Other comprehensive income (loss):
Foreign currency translation adjustments, before and after tax	53	838	1,068	(50)
Total comprehensive income (loss)	(734,816)	143,072	(1,184,054)	301,915
Less: comprehensive (income) loss attributable to noncontrolling interests	97,291	(47,450)	145,224	(102,556)
Comprehensive income (loss) attributable to Wynn Resorts, Limited	$ (637,525)	$ 95,622	$ (1,038,830)	$ 199,359

Condensed Consolidated Statem_3

Condensed Consolidated Statement Of Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Total Wynn Resorts, Ltd. stockholders' equity	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive loss	Retained earnings (accumulated deficit)	Noncontrolling interests
Beginning balance at Dec. 31, 2018	$ 1,814,789	$ 2,034,123	$ 1,221	$ (1,344,012)	$ 2,457,079	$ (1,950)	$ 921,785	$ (219,334)
Beginning balance (in shares) at Dec. 31, 2018			107,232,026
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared							(80,700)
Ending balance at Mar. 31, 2019	1,915,243	2,078,220	$ 1,226	(1,349,413)	2,483,026	(2,591)	945,972	(162,977)
Ending balance (in shares) at Mar. 31, 2019			107,660,449
Beginning balance at Dec. 31, 2018	1,814,789	2,034,123	$ 1,221	(1,344,012)	2,457,079	(1,950)	921,785	(219,334)
Beginning balance (in shares) at Dec. 31, 2018			107,232,026
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	301,965	199,423					199,423	102,542
Currency translation adjustment	(50)	(36)				(36)		(14)
Exercise of stock options	12,545	12,545	$ 3		12,542
Exercise of stock options (in shares)			257,690
Issuance of restricted stock	15,133	14,348	$ 4		14,344			785
Issuance of restricted stock (in shares)			429,229
Cancellation of restricted stock	0		$ 0
Cancellation of restricted stock (in shares)			(11,840)
Shares repurchased by the Company and held as treasury shares	(35,632)	(35,632)		(35,632)
Shares repurchased by the Company and held as treasury shares (in shares)			(296,749)
Cash dividends declared	(271,201)	(188,301)					(188,301)	(82,900)
Distribution to noncontrolling interest	(2,727)							(2,727)
Stock-based compensation	16,117	14,351			14,351			1,766
Ending balance at Jun. 30, 2019	1,850,939	2,050,821	$ 1,228	(1,379,644)	2,498,316	(1,986)	932,907	(199,882)
Ending balance (in shares) at Jun. 30, 2019			107,610,356
Beginning balance at Mar. 31, 2019	1,915,243	2,078,220	$ 1,226	(1,349,413)	2,483,026	(2,591)	945,972	(162,977)
Beginning balance (in shares) at Mar. 31, 2019			107,660,449
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	142,234	94,551					94,551	47,683
Currency translation adjustment	838	605				605		233
Exercise of stock options	8,481	8,481	$ 2		8,479
Exercise of stock options (in shares)			180,000
Issuance of restricted stock	0		$ 0
Issuance of restricted stock (in shares)			32,633
Cancellation of restricted stock	0		$ 0
Cancellation of restricted stock (in shares)			(10,795)
Shares repurchased by the Company and held as treasury shares	(30,231)	(30,231)		(30,231)
Shares repurchased by the Company and held as treasury shares (in shares)			(251,931)
Cash dividends declared	(190,533)	(107,616)					(107,616)	(82,917)
Distribution to noncontrolling interest	(2,727)							(2,727)
Stock-based compensation	7,634	6,811			6,811			823
Ending balance at Jun. 30, 2019	1,850,939	2,050,821	$ 1,228	(1,379,644)	2,498,316	(1,986)	932,907	(199,882)
Ending balance (in shares) at Jun. 30, 2019			107,610,356
Beginning balance at Dec. 31, 2019	1,541,472	1,743,045	$ 1,228	(1,410,998)	2,512,676	(1,679)	641,818	(201,573)
Beginning balance (in shares) at Dec. 31, 2019			107,363,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared							(107,500)
Ending balance at Mar. 31, 2020	992,480	1,242,090	$ 1,234	(1,416,525)	2,526,062	(947)	132,266	(249,610)
Ending balance (in shares) at Mar. 31, 2020			107,884,163
Beginning balance at Dec. 31, 2019	1,541,472	1,743,045	$ 1,228	(1,410,998)	2,512,676	(1,679)	641,818	(201,573)
Beginning balance (in shares) at Dec. 31, 2019			107,363,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,185,122)	(1,039,601)					(1,039,601)	(145,521)
Currency translation adjustment	1,068	771				771		297
Issuance of restricted stock	7,527	6,709	$ 6		6,703			818
Issuance of restricted stock (in shares)			661,015
Cancellation of restricted stock	0		$ 0
Cancellation of restricted stock (in shares)			(73,047)
Shares repurchased by the Company and held as treasury shares	(8,296)	(8,437)		(8,437)				141
Shares repurchased by the Company and held as treasury shares (in shares)			(82,046)
Cash dividends declared	(107,277)	(107,307)					(107,307)	30
Distribution to noncontrolling interest	(998)							(998)
Stock-based compensation	25,824	24,339			24,339			1,485
Ending balance at Jun. 30, 2020	274,198	619,519	$ 1,234	(1,419,435)	2,543,718	(908)	(505,090)	(345,321)
Ending balance (in shares) at Jun. 30, 2020			107,869,865
Beginning balance at Mar. 31, 2020	992,480	1,242,090	$ 1,234	(1,416,525)	2,526,062	(947)	132,266	(249,610)
Beginning balance (in shares) at Mar. 31, 2020			107,884,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(734,869)	(637,564)					(637,564)	(97,305)
Currency translation adjustment	53	39				39		14
Issuance of restricted stock	806	617	$ 0		617			189
Issuance of restricted stock (in shares)			40,270
Cancellation of restricted stock	0		$ 0
Cancellation of restricted stock (in shares)			(17,477)
Shares repurchased by the Company and held as treasury shares	(2,769)	(2,910)		(2,910)				141
Shares repurchased by the Company and held as treasury shares (in shares)			(37,091)
Cash dividends declared	224	208					208	16
Stock-based compensation	18,273	17,039			17,039			1,234
Ending balance at Jun. 30, 2020	$ 274,198	$ 619,519	$ 1,234	$ (1,419,435)	$ 2,543,718	$ (908)	$ (505,090)	$ (345,321)
Ending balance (in shares) at Jun. 30, 2020			107,869,865

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ (1,185,122)	$ 301,965
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	358,012	276,826
Deferred income taxes	155,316	(2,488)
Stock-based compensation expense	30,448	20,168
Amortization of debt issuance costs	14,155	14,862
Loss on extinguishment of debt	1,462	0
Provision for credit losses	48,960	9,003
Change in derivatives fair value	18,954	4,813
Property charges and other	21,228	4,507
Increase (decrease) in cash from changes in:
Receivables, net	(39)	(25,965)
Inventories, prepaid expenses and other	15,579	(43,018)
Customer deposits	111,967	(59,910)
Accounts payable and accrued expenses	(198,907)	8,681
Net cash (used in) provided by operating activities	(607,987)	509,444
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(191,682)	(636,002)
Purchase of intangible and other assets	0	(1,000)
Proceeds from sale of assets and other	3,733	441
Net cash used in investing activities	(187,949)	(636,561)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	2,894,134	324,754
Repayments of long-term debt	(527,535)	(603,857)
Repurchase of common stock	(8,437)	(35,632)
Finance lease payment	(74)	0
Proceeds from exercise of stock options	70	12,545
Dividends paid	(108,074)	(270,490)
Distribution to noncontrolling interest	(998)	(2,727)
Payments for financing costs	(13,196)	(10,488)
Net cash provided by (used in) financing activities	2,235,890	(585,895)
Effect of exchange rate on cash, cash equivalents and restricted cash	4,341	56
Cash, cash equivalents and restricted cash:
Increase (decrease) in cash, cash equivalents and restricted cash	1,444,295	(712,956)
Balance, beginning of period	2,358,292	2,219,323
Balance, end of period	3,802,587	1,506,367
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	238,044	170,059
Liability settled with shares of common stock	6,720	15,134
Accounts and construction payables related to property and equipment	$ 127,674	$ 282,721

Organization

Organization	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Organization Wynn Resorts, Limited, a Nevada corporation (together with its subsidiaries, "Wynn Resorts" or the "Company") is a designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming. In the Macau Special Administrative Region of the People's Republic of China ("Macau"), the Company owns approximately 72% of Wynn Macau, Limited ("WML"), which includes the operations of the Wynn Palace and Wynn Macau resorts. The Company refers to Wynn Palace and Wynn Macau as its Macau Operations. In Las Vegas, Nevada, the Company operates and, with the exception of certain retail space, owns 100% of Wynn Las Vegas. Additionally, the Company is a 50.1% owner and managing member of a joint venture that owns and leases certain retail space at Wynn Las Vegas (the "Retail Joint Venture"). The Company refers to Wynn Las Vegas and the Retail Joint Venture as its Las Vegas Operations. On June 23, 2019, the Company opened Encore Boston Harbor, an integrated resort in Everett, Massachusetts, that is owned 100% by the Company. Recent Developments Related to COVID-19 As previously disclosed, in January 2020, an outbreak of a new strain of coronavirus, COVID-19 ("COVID-19"), was identified. Since then, COVID-19 has spread around the world, and steps have been taken by various countries, including those in which the Company operates, to advise citizens to avoid non-essential travel, to restrict inbound international travel, to implement closures of non-essential operations, and to implement quarantines and lockdowns to contain the spread of the virus. Currently, no fully effective treatments or vaccines have been developed, and there can be no assurance as to if or when an effective treatment or vaccine will be discovered. Macau Operations In response to the COVID-19 pandemic, the Macau government announced on February 4, 2020 the closure of all casino operations in Macau, including those at Wynn Palace and Wynn Macau, for a period of 15 days. On February 20, 2020, casino operations at Wynn Palace and Wynn Macau reopened on a reduced basis and have since been fully restored; however, certain COVID-19 specific protective measures, such as traveler quarantines, limiting the number of seats per table game, slot machine spacing, temperature checks, mask protection, COVID-19 negative test results requirements for entry to gaming areas, and health declarations remain in effect at the present time. Visitation to Macau has fallen significantly since the outbreak of COVID-19, driven by the pandemic's strong deterrent effect on travel and social activities, the Chinese government's suspension of its visa and group tour schemes that allow mainland Chinese residents to travel to Macau, various quarantine measures in Macau and elsewhere, travel and entry restrictions in Macau, Hong Kong, Taiwan, and mainland China, and the suspension of ferry services to Macau from Hong Kong and mainland China and other modes of transportation within Macau. Regionally, bans on entry or enhanced quarantine requirements, depending on the person’s residency and their recent travel history, for any Macau residents, PRC citizens, Hong Kong residents and Taiwan residents attempting to enter Macau are drastically impacting visitation. Persons who are not residents of the Greater China area are barred from entry to Macau at this time. While most of the foregoing travel restrictions and quarantine requirements continue to weigh on visitation to Macau, beginning in June 2020 certain of these restrictions are being eased as the region gradually recovers from the COVID-19 pandemic. In July 2020, Guangdong Province, a Chinese province adjacent to Macau, eased certain quarantine requirements for those traveling between Guangdong Province and Macau, subject to certain testing requirements and health declarations. Quarantine requirements for those traveling between Hong Kong and Macau have been announced to remain effective until at least September 7, 2020, at which time they may be lifted. In the initial phase of opening travel channels between Macau and other regions, it is expected that all visitors seeking entry to Macau will need to test negative for COVID-19 before entering Macau. Although Mainland China and Macau have recently announced several policies or changes to policies which relax certain visa issuance, border control and quarantine requirements, stringent health declarations, testing and other procedures remain in place and the Individual Visitor Scheme which, prior to its suspension by the PRC government due to COVID-19 travel restrictions, permitted individual PRC citizens from nearly 50 PRC cities to travel to Macau for tourism purposes, has yet to restart. Las Vegas Operations and Encore Boston Harbor Wynn Las Vegas closed on March 17, 2020, and reopened on June 4, 2020 with certain COVID-19 specific protective measures in place, such as limiting the number of seats per table game, slot machine spacing, temperature checks, mask protection, and suspension of certain entertainment and nightlife offerings. Encore Boston Harbor closed on March 15, 2020, for the remainder of the first and second quarters of 2020. On July 12, 2020, Encore Boston Harbor reopened with certain COVID-19 specific protective measures in place, such as limiting the number of seats per table game, slot machine spacing, temperature checks, and mask protection. In addition, certain food and beverage outlets remain closed and hotel reservations have been limited to Thursday through Sunday. Summary The COVID-19 pandemic has had and will continue to have an adverse effect on the Company's results of operations. The Company is currently unable to determine when protective measures in effect at our Macau Operations, Las Vegas Operations, and Encore Boston Harbor will be lifted. Given the uncertainty around the extent and timing of the potential future spread or mitigation of COVID-19 and around the imposition or relaxation of protective measures, management cannot reasonably estimate the impact to the Company's future results of operations, cash flows, or financial condition. As of June 30, 2020, the Company had total cash and cash equivalents, excluding restricted cash, of $3.80 billion, and had access to $15.9 million and $24.1 million of available borrowing capacity from the WRF Revolving Facility and Wynn Macau Revolving Facility, respectively. In addition, the Company has suspended its dividend program and has postponed major project capital expenditures. Given the Company's liquidity position at June 30, 2020 and the steps the Company has taken as further described in Note 6, "Long-Term Debt," the Company believes it is able to support continuing operations and respond to the current COVID-19 pandemic challenges.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures herein are adequate to make the information presented not misleading. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary to a fair presentation of the results for the interim periods presented. The results for the three and six months ended June 30, 2020 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, 2019. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 15, "Retail Joint Venture." All significant intercompany accounts and transactions have been eliminated. Accounts Receivable Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are recorded at amortized cost. Casino receivables primarily consist of credit issued to patrons in the form of markers and advances paid to gaming promoters. The Company issues credit based on factors such as level of play and financial resources, following background and credit checks. The casino credit extended by the Company is generally unsecured and due on demand. Gaming promoter advances are settled shortly after each month end. An estimated allowance for credit losses is maintained to reduce the Company's receivables to their carrying amount, which reflects the net amount the Company expects to collect. The allowance estimate reflects specific review of customer accounts and outstanding gaming promoter accounts with a balance over a specified dollar amount, based upon the age of the account, the customer's financial condition as well as management's experience with historical and current collection trends, current economic and business conditions, and management's expectations of future economic and business conditions and forecasts. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received. Gaming Taxes The Company is subject to taxes based on gross gaming revenues in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Operations. These taxes totaled $12.5 million and $561.8 million for the three months ended June 30, 2020 and 2019, respectively, and $266.4 million and $1.15 billion for the six months ended June 30, 2020 and 2019, respectively. Recently Adopted Accounting Standards Financial Instruments - Credit Losses The FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) in 2016. The new guidance replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For trade and other receivables, loans and other financial instruments, the Company is required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses which reflects losses that are probable. The Company adopted the guidance effective January 1, 2020, and this adoption did not have a material effect on its Condensed Consolidated Financial Statements. Cloud Computing Arrangement Implementation Costs In August 2018, the FASB issued ASU No. 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The ASU is intended to eliminate potential diversity in practice in accounting for costs incurred to implement cloud computing arrangements that are service contracts by requiring customers in such arrangements to follow internal-use software guidance with respect to such costs, with any resulting deferred implementation costs recognized over the term of the contract in the same income statement line item as the fees associated with the hosting element of the arrangement. The Company adopted the guidance effective January 1, 2020, and this adoption did not have a material effect on its Condensed Consolidated Financial Statements. Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. The new guidance amends the disclosure requirements for recurring and nonrecurring fair value measurements by removing, modifying, and adding certain disclosures on fair value measurements in ASC 820. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted the guidance effective January 1, 2020, and this adoption did not have a material effect on its Condensed Consolidated Financial Statements.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2020
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, December 31, Cash and cash equivalents: Cash (1) $ 2,407,678 $ 1,265,502 Cash equivalents (2) 1,390,062 1,086,402 Total cash and cash equivalents 3,797,740 2,351,904 Restricted cash (3) 4,847 6,388 Total cash, cash equivalents and restricted cash $ 3,802,587 $ 2,358,292 (1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds.

Receivables, net

Receivables, net	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Receivables, net	Receivables, net Accounts Receivable and Credit Risk Receivables, net consisted of the following (in thousands): June 30, December 31, Casino $ 264,186 $ 304,137 Hotel 8,197 22,114 Other 112,255 59,495 384,637 385,746 Less: allowance for credit losses (88,319) (39,317) $ 296,318 $ 346,429 Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino receivables. As of June 30, 2020 and December 31, 2019, approximately 82.3% and 79.0%, respectively, of the Company's markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in the countries in which our customers reside could affect the collectability of such receivables. The Company believes the concentration of its credit risk in casino receivables is mitigated substantially by its credit investigation process, credit policies and collection procedures. The Company’s allowance for casino credit losses was 31.9% and 12.4% of gross casino receivables as of June 30, 2020 and December 31, 2019, respectively. The increase in allowance for casino credit losses is primarily due to the impact of historical collection patterns and expectations of current and future collection trends in light of the COVID-19 pandemic, as well as the specific review of customer accounts. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowance for credit losses from its hotel and other receivables is not material. The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the period (in thousands): June 30, June 30, Balance at beginning of year $ 39,317 $ 32,694 Provision for credit losses 48,960 9,003 Write-offs (144) (12,391) Recoveries of receivables previously written-off 60 — Effect of exchange rate 126 54 Balance at end of period $ 88,319 $ 29,360

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following (in thousands): June 30, December 31, Buildings and improvements $ 9,737,338 $ 9,367,241 Land and improvements 1,260,749 1,246,679 Furniture, fixtures and equipment 2,999,880 2,932,483 Airplanes 110,623 110,623 Construction in progress 155,393 477,333 14,263,983 14,134,359 Less: accumulated depreciation (4,848,670) (4,510,527) $ 9,415,313 $ 9,623,832 Depreciation expense for the three months ended June 30, 2020 and 2019 was $172.8 million and $135.6 million, and depreciation expense for the six months ended June 30, 2020 and 2019 was $345.1 million and $267.9 million, respectively.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): June 30, December 31, Macau Related: Wynn Macau Credit Facilities (1) : Wynn Macau Term Loan, due 2022 (2) $ 2,156,960 $ 2,302,540 Wynn Macau Revolver, due 2022 (3) 726,995 350,232 WML 4 7/8% Senior Notes, due 2024 600,000 600,000 WML 5 1/2% Senior Notes, due 2026 750,000 — WML 5 1/2% Senior Notes, due 2027 750,000 750,000 WML 5 1/8% Senior Notes, due 2029 1,000,000 1,000,000 U.S. and Corporate Related: WRF Credit Facilities (4) : WRF Term Loan, due 2024 962,500 987,500 WRF Revolver, due 2024 816,000 — WLV 4 1/4% Senior Notes, due 2023 500,000 500,000 WLV 5 1/2% Senior Notes, due 2025 1,780,000 1,780,000 WLV 5 1/4% Senior Notes, due 2027 880,000 880,000 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 WRF 7 3/4% Senior Notes, due 2025 600,000 — Retail Term Loan, due 2025 (5) 615,000 615,000 12,887,455 10,515,272 Less: Unamortized debt issuance costs and original issue discounts and premium, net (112,222) (111,413) 12,775,233 10,403,859 Less: Current portion of long-term debt (298,050) (323,876) Total long-term debt, net of current portion $ 12,477,183 $ 10,079,983 (1) The borrowings under the Wynn Macau Credit Facilities bear interest at LIBOR or HIBOR plus a margin of 1.50% to 2.25% per annum based on Wynn Resorts Macau S.A.’s leverage ratio. (2) As of June 30, 2020, approximately $1.22 billion and $937.0 million of the Wynn Macau Term Loan bore interest at a rate of LIBOR plus 1.75% per year and HIBOR plus 1.75% per year, respectively. As of June 30, 2020, the weighted average interest rate was approximately 2.04%. (3) As of June 30, 2020, approximately $413.3 million and $313.7 million of the Wynn Macau Revolver bore interest at a rate of LIBOR plus 1.75% per year and HIBOR plus 1.75% per year, respectively. As of June 30, 2020, the weighted average interest rate was approximately 2.09%. As of June 30, 2020, the available borrowing capacity under the Wynn Macau Revolver was $24.1 million. (4) The WRF Credit Facilities bear interest at a rate of LIBOR plus 1.75% per year. As of June 30, 2020, the weighted average interest rate was approximately 1.93%. Additionally, as of June 30, 2020, the available borrowing capacity under the WRF Revolver was $15.9 million, net of $18.1 million in outstanding letters of credit. (5) The Retail Term Loan bears interest at a rate of LIBOR plus 1.70% per year. As of June 30, 2020, the interest rate was 1.87%. WML 5 1/2% Senior Notes, due 2026 On June 19, 2020, WML issued $750.0 million aggregate principal amount of 5 1/2% Senior Notes due 2026 (the "2026 WML Notes") pursuant to an indenture (the "2026 Indenture"). The 2026 WML Notes will mature on January 15, 2026 and bear interest at the rate of 5 1/2% per annum payable in arrears semi-annually on January 15 and July 15 of each year, beginning on January 15, 2021. At any time prior to June 15, 2022, WML may use the net cash proceeds from certain equity offerings to redeem up to 35% of the aggregate principal amount of the 2026 WML Notes at a redemption price equal to 105.500% of the aggregate principal amount of the 2026 WML Notes, plus accrued and unpaid interest, if any. At any time prior to June 15, 2022, WML may redeem the 2026 WML Notes in whole or in part at a redemption price equal to the greater of (a) 100% of the aggregate principal amount of the 2026 WML Notes to be redeemed, or (b) a make-whole amount as determined by an independent investment banker in accordance with the terms of the 2026 Indenture, in either case, plus accrued and unpaid interest. In addition, on or after June 15, 2022, WML may redeem the 2026 WML Notes in whole or in part at a premium decreasing annually from 104.125% of the applicable principal amount to 100.000%, plus accrued and unpaid interest. If WML undergoes a Change of Control (as defined in the 2026 Indenture), it must offer to repurchase the 2026 WML Notes at a price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest. In addition, WML may redeem the 2026 WML Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest, in response to any change in or amendment to certain tax laws or tax positions. Further, if a holder or beneficial owner of the 2026 WML Notes fails to meet certain requirements imposed by any Gaming Authority (as defined in the 2026 Indenture), WML may require the holder or beneficial owner to dispose of or redeem its 2026 WML Notes. Upon the occurrence of (a) any event after which none of WML or any subsidiary of WML has the applicable gaming concessions or authorizations in Macau in substantially the same manner and scope as WML and its subsidiaries are entitled to at the date on which the 2026 WML Notes are issued, for a period of ten The 2026 WML Notes are WML's general unsecured obligations and rank pari passu in right of payment with all of WML's existing and future senior unsecured indebtedness; will rank senior to all of WML's future subordinated indebtedness, if any; will be effectively subordinated to all of WML's future secured indebtedness to the extent of the value of the assets securing such debt; and will be structurally subordinated to all existing and future obligations of WML's subsidiaries, including WML's existing credit facilities. The 2026 WML Notes are not registered under the Securities Act of 1933, as amended (the "Securities Act"), and the 2026 WML Notes are subject to restrictions on transferability and resale. The 2026 Indenture contains covenants limiting WML's (and certain of its subsidiaries') ability to, among other things: merge or consolidate with another company; transfer or sell all or substantially all of its properties or assets; and lease all or substantially all of its properties or assets. The terms of the 2026 Indenture contain customary events of default, including, but not limited to: default for 30 days in the payment when due of interest on the 2026 WML Notes; default in the payment when due of the principal of, or premium, if any, on the 2026 WML Notes; failure to comply with any payment obligations relating to the repurchase by WML of the 2026 WML Notes upon a change of control; failure to comply with certain covenants in the 2026 Indenture; certain defaults on certain other indebtedness; failure to pay judgments against WML or certain subsidiaries that, in the aggregate, exceed $50 million; and certain events of bankruptcy or insolvency. In the case of an event of default arising from certain events of bankruptcy or insolvency, all 2026 WML Notes then outstanding will become due and payable immediately without further action or notice. WML intends to use the net proceeds from the 2026 WML Notes for general corporate purposes until WML's business recovers from the effects of the COVID-19 pandemic, and then to facilitate the repayment of a portion of the amounts outstanding under the Wynn Macau Credit Facilities. In addition, WML used a portion of the net proceeds from the 2026 WML Notes to pay related fees and expenses totaling $7.1 million, which was recorded as debt issuance costs within the Condensed Consolidated Balance Sheet. WRF 7 3/4% Senior Notes, due 2025 On April 14, 2020, WRF and its subsidiary Wynn Resorts Capital Corp. (collectively with WRF, the "WRF Issuers"), each an indirect wholly owned subsidiary of the Company, issued $600.0 million aggregate principal amount of 7 3/4% Senior Notes due 2025 (the "2025 WRF Notes") pursuant to an indenture (the "2025 Indenture") among the WRF Issuers, the guarantors party thereto, and U.S. Bank National Association, as trustee (the "Trustee"), in a private offering. The 2025 WRF Notes were issued at par. The 2025 WRF Notes will mature on April 15, 2025 and bear interest at the rate of 7 3/4% per annum payable in arrears semi-annually on April 15 and October 15 of each year, beginning on October 15, 2020. The WRF Issuers may redeem some or all of the 2025 WRF Notes at any time prior to April 15, 2022 at a redemption price equal to 100% of the aggregate principal amount of the 2025 WRF Notes to be redeemed plus a "make-whole" premium and accrued and unpaid interest. In addition, at any time prior to April 15, 2022, the WRF Issuers may, on any one or more occasions, redeem up to 35% of the original aggregate principal amount of the 2025 WRF Notes with the proceeds of one or more equity offerings at a redemption price equal to 107.75% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date. On or after April 15, 2022, the WRF Issuers may redeem some or all of the 2025 WRF Notes at the redemption prices set forth in the 2025 Indenture plus accrued and unpaid interest. In the event of a change of control triggering event, the WRF Issuers must offer to repurchase the 2025 WRF Notes at a repurchase price equal to 101% of the aggregate principal amount thereof plus any accrued and unpaid interest, to, but not including, the repurchase date. The 2025 WRF Notes are subject to disposition and redemption requirements imposed by gaming laws and regulations of applicable gaming regulatory authorities. The 2025 WRF Notes are jointly and severally guaranteed by each of WRF’s existing domestic restricted subsidiaries that guarantee indebtedness under the WRF's senior secured credit facilities and the WRF Issuers' existing 5 1/8% senior notes due 2029, including Wynn Las Vegas, LLC and each of its subsidiaries that guarantees its existing senior notes due 2023, 2025 and 2027. The 2025 Indenture contains covenants that limit the ability of the WRF Issuers and the guarantors to, among other things, enter into sale-leaseback transactions, create or incur liens to secure debt, and merge, consolidate or sell all or substantially all of the WRF Issuers' assets. These covenants are subject to exceptions and qualifications set forth in the 2025 Indenture. The 2025 Indenture also contains customary events of default, including, but not limited to, failure to make required payments, failure to comply with certain covenants, failure to pay certain other indebtedness, certain events of bankruptcy and insolvency, and failure to pay certain judgments. An event of default under the 2025 Indenture allows either the Trustee or the holders of at least 25% in aggregate principal amount of the 2025 WRF Notes, as applicable, issued under such 2025 Indenture to accelerate the amounts due under the 2025 WRF Notes, or in the case of a bankruptcy or insolvency, will automatically cause the acceleration of the amounts due under the 2025 WRF Notes. The 2025 WRF Notes were offered pursuant to an exemption under the Securities Act of 1933, as amended (the "Securities Act"). The 2025 WRF Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The 2025 WRF Notes have not been and will not be registered under the Securities Act or under any state securities laws. Therefore, the WRF 2025 Notes may not be offered or sold within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws. WRF used the net proceeds from the 2025 WRF Notes offering for general corporate purposes and to pay related fees and expenses totaling $5.6 million, of which $5.2 million was recorded as debt issuance costs within the Condensed Consolidated Balance Sheet. WRF Credit Agreement Amendment On April 10, 2020, WRF and certain of its subsidiaries entered into an amendment (the "WRF Credit Agreement Amendment") to its existing credit agreement (the "WRF Credit Agreement") among Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the other lenders party thereto. The WRF Credit Agreement Amendment amends the WRF Credit Agreement to, among other things, implement a financial covenant relief period (the "Financial Covenant Relief Period") through April 1, 2021 (unless earlier terminated by WRF), implement a financial covenant increase period (the "Financial Covenant Increase Period") commencing on the first day after the expiration of the Financial Covenant Relief Period and ending on the first day of the fourth fiscal quarter after the expiration of the Financial Covenant Relief Period (unless earlier terminated by WRF), amend the definition of "Consolidated EBITDA" in the WRF Credit Agreement during the Financial Covenant Increase Period, amend WRF's financial reporting obligations (including extensions to certain deadlines), add certain restrictions on restricted payments (including restrictions on a portion of dividends received from WRF's subsidiaries) during the Financial Covenant Relief Period and the Financial Covenant Increase Period, and amend the definition of "Material Adverse Effect" in the WRF Credit Agreement to take into consideration COVID-19. During the Financial Covenant Relief Period, the existing consolidated first lien net leverage ratio financial covenant will be replaced with a minimum liquidity financial covenant that requires WRF and its restricted subsidiaries to maintain liquidity of at least $300.0 million at all times (with liquidity being the sum of unrestricted operating cash, as defined in the WRF Credit Agreement, and the available borrowing capacity under the WRF Revolver). Following the Financial Covenant Relief Period and for as long as the Financial Covenant Increase Period is in effect, WRF may not permit the consolidated first lien net leverage ratio as of the last day of any fiscal quarter to exceed for the first fiscal quarter of the Financial Covenant Increase Period, 4.50 to 1.00, for the second fiscal quarter of the Financial Covenant Increase Period, 4.25 to 1.00, for the third fiscal quarter of the Financial Covenant Increase Period, 4.00 to 1.00, and for each subsequent fiscal quarter thereafter (including from and including the first fiscal quarter during which the Financial Covenant Increase Period has been terminated by WRF), 3.75 to 1.00. Retail Term Loan Agreement Amendment On May 5, 2020, Wynn/CA Plaza Property Owner, LLC and Wynn/CA Property Owner, LLC (collectively, the "Retail Borrowers"), subsidiaries of the Retail Joint Venture, entered into an amendment (the "Retail Term Loan Agreement Amendment") to its existing retail term loan agreement (the "Retail Term Loan Agreement"). The Retail Term Loan Agreement Amendment amends the Retail Term Loan Agreement to, among other things, temporarily suspend the requirement to maintain certain financial ratios to avoid triggering excess cash sweep provisions from the first quarter of 2020 through the fourth quarter of 2021. Debt Covenant Compliance As of June 30, 2020, management believes the Company was in compliance with all debt covenants. Fair Value of Long-Term Debt

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Dividends During the first quarter of 2020, the Company paid a cash dividend of $1.00 per share, and recorded $107.5 million as a reduction of retained earnings from cash dividends declared. On May 6, 2020, the Company announced that it had suspended its quarterly dividend program due to the financial impact of the COVID-19 pandemic. During the first and second quarter of 2019, the Company paid a cash dividend of $0.75 and $1.00 per share, respectively, and recorded $80.7 million and $107.6 million, respectively, as a reduction of retained earnings from cash dividends declared. Noncontrolling Interests The board of directors of WML concluded not to recommend the payment of a dividend with respect to the year ended December 31, 2019 due to the financial impact of the COVID-19 pandemic. During the three months ended June 30, 2019

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: June 30, Quoted Other Unobservable Assets: Cash equivalents $ 1,390,062 $ 503,794 $ 886,268 — Restricted cash $ 4,847 $ 2,054 $ 2,793 — Liabilities: Interest rate collar $ 22,802 — $ 22,802 — Fair Value Measurements Using: December 31, Quoted Other Unobservable Assets: Cash equivalents $ 1,086,402 — $ 1,086,402 — Restricted cash $ 6,388 $ 2,048 $ 4,340 — Liabilities: Interest rate collar $ 3,847 — $ 3,847 —

Customer Contract Liabilities

Customer Contract Liabilities	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Revenue	Customer Contract Liabilities In providing goods and services to its customers, there is often a timing difference between the Company receiving cash and the Company recording revenue for providing services or holding events. The Company's primary liabilities associated with customer contracts are as follows (in thousands): June 30, 2020 December 31, 2019 Increase (decrease) June 30, 2019 December 31, 2018 Increase (decrease) Casino outstanding chips and front money deposits (1) $ 904,792 $ 769,053 $ 135,739 $ 865,578 $ 905,561 $ (39,983) Advance room deposits and ticket sales (2) 28,874 49,834 (20,960) 36,185 42,197 (6,012) Other gaming-related liabilities (3) 5,592 13,970 (8,378) 7,405 12,694 (5,289) Loyalty program and related liabilities (4) 21,566 21,148 418 18,166 18,148 18 $ 960,824 $ 854,005 $ 106,819 $ 927,334 $ 978,600 $ (51,266) (1) Casino outstanding chips generally represent amounts owed to gaming promoters and customers for chips in their possession, and casino front money deposits represent funds deposited by customers before gaming play occurs. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and may be recognized as revenue or redeemed for cash in the future. (2) Advance room deposits and ticket sales represent cash received in advance for goods or services to be provided in the future. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and will be recognized as revenue when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenue and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenue within one year. (3) Other gaming-related liabilities generally represent unpaid wagers primarily in the form of unredeemed slot, race and sportsbook tickets or wagers for future sporting events. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets. (4) Loyalty program and related liabilities represent the deferral of revenue until the loyalty points or other complimentaries are redeemed. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Casino (1) $ 3,196 $ 1,790 $ 2,300 $ 4,374 Rooms 346 223 695 441 Food and beverage 666 477 1,303 809 Entertainment, retail and other 84 62 157 106 General and administrative (2) 16,792 6,938 25,993 13,768 Pre-opening — 340 — 670 Total stock-based compensation expense 21,084 9,830 30,448 20,168 Total stock-based compensation capitalized 486 83 703 147 Total stock-based compensation costs $ 21,570 $ 9,913 $ 31,151 $ 20,315 (1) For the six months ended June 30, 2020, reflects the reversal of $3.3 million of compensation cost previously recognized for awards forfeited in connection with the departure of an employee. (2) For the three and six months ended June 30, 2020, reflects compensation cost of $4.4 million recognized in connection with the vesting of restricted stock performance awards.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded an income tax expense of $80.9 million and an income tax benefit of $2.0 million for the three months ended June 30, 2020 and 2019, respectively, and an income tax expense of $156.7 million and an income tax benefit of $0.3 million for the six months ended June 30, 2020 and 2019. The 2020 income tax expense primarily related to the increase in the valuation allowances for U.S foreign tax credits and U.S. loss carryforwards. The 2019 income tax benefit primarily related to the decrease in the valuation allowance for U.S foreign tax credits. The Company records valuation allowances on certain of its U.S. and foreign deferred tax assets. In assessing the need for a valuation allowance, the Company considers whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. In the assessment of the valuation allowance, appropriate consideration is given to all positive and negative evidence including recent operating profitability, forecast of future earnings and the duration of statutory carryforward periods. Wynn Macau SA received a five year exemption from Macau's 12% Complementary Tax on casino gaming profits through December 31, 2020. Accordingly, for the three months ended June 30, 2019, the Company was exempt from the payment of such taxes totaling $19.8 million. For the six months ended June 30, 2019, the Company was exempt from the payment of such taxes totaling $42.6 million. For the three and six months ended June 30, 2020, the Company did not have any casino gaming profits exempt from the Macau Complementary Tax. The Company's non-gaming profits remain subject to the Macau Complementary Tax and its casino winnings remain subject to the Macau special gaming tax and other levies in accordance with its concession agreement.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per ShareBasic earnings per share ("EPS") is computed by dividing net income (loss) attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potential dilutive securities had been issued. Potentially dilutive securities include outstanding stock options and unvested restricted stock. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net income (loss) attributable to Wynn Resorts, Limited $ (637,564) $ 94,551 $ (1,039,601) $ 199,423 Denominator: Weighted average common shares outstanding 106,713 106,876 106,688 106,834 Potential dilutive effect of stock options, nonvested, and performance nonvested shares — 265 — 255 Weighted average common and common equivalent shares outstanding 106,713 107,141 106,688 107,089 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ (5.97) $ 0.88 $ (9.74) $ 1.87 Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ (5.97) $ 0.88 $ (9.74) $ 1.86 Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 1,127 287 1,127 365

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases Lessor Arrangements The following table presents the minimum and contingent operating lease income for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Minimum rental income $ 28,073 $ 33,671 $ 59,723 $ 66,379 Contingent rental income 1,839 11,945 8,519 26,916 Total rental income $ 29,912 $ 45,616 $ 68,242 $ 93,295

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation In addition to the actions noted below, the Company and its affiliates are involved in litigation arising in the normal course of business. In the opinion of management, such litigation is not expected to have a material effect on the Company's financial condition, results of operations, and cash flows. Massachusetts Gaming License Related Actions On September 17, 2014, the Massachusetts Gaming Commission ("MGC") designated Wynn MA the award winner of the Greater Boston (Region A) gaming license (the "Boston area license"). On November 7, 2014, the gaming license became effective. Revere Action On October 16, 2014, the City of Revere, the host community to the unsuccessful bidder for the Boston area license, the International Brotherhood of Electrical Workers, Local 103, and several individuals, filed a complaint against the MGC and its gaming commissioners in Suffolk Superior Court in Boston, Massachusetts (the "Revere Action"). Mohegan Sun ("Mohegan") the other applicant for the Boston area license, joined the lawsuit and challenged the MGC's award of the Boston area license. On December 3, 2015, the court granted the MGC's motion to dismiss the claims asserted in the Revere Action and the court dismissed all claims except Mohegan's claim alleging procedural error by the MGC in granting the license to Wynn MA. The plaintiffs appealed. After multiple appeals and cross appeals, only two claims remained: (1) individual plaintiffs' claim for violation of the open meeting laws; and (2) Mohegan's claim for procedural error. On July 12, 2019, the Suffolk Superior Court granted the MGC's motion for summary judgment and dismissed the open meeting law claim, leaving only Mohegan's procedural claim. On August 2, 2019, Mohegan filed a motion to file a second amended complaint, to add new claims related to the MGC's allegedly inadequate 2013 investigation. On October 15, 2019, the court granted Mohegan's motion to amend and allowed it to file a second amended intervenor's complaint. Wynn MA was not named in the Revere Action. Derivative Litigation A number of stockholder derivative actions have been filed in state and federal court located in Clark County, Nevada against certain current and former members of the Company's Board of Directors and, in some cases, the Company's current and former officers. Each of the complaints alleges, among other things, breach of fiduciary duties in failing to detect, prevent and remedy alleged inappropriate personal conduct by Stephen A. Wynn in the workplace. On September 19, 2018, the Board established a Special Litigation Committee (the "SLC") to investigate the allegations in the State Derivative Case (as defined below). The actions filed in the Eighth Judicial District Court of Clark County, Nevada were consolidated as In re Wynn Resorts, Ltd. Derivative Litigation ("State Derivative Case"). On October 26, 2018, the SLC filed a motion to intervene and stay the State Derivative Case pending completion of its investigation, which the court granted. On June 3, 2019, a separate stockholder derivative action was filed in the Eighth Judicial District Court of Clark County, Nevada alleging substantially similar causes of action as the State Derivative Case with the additional allegation that various of the Company's attorneys committed professional malpractice, and certain current and former executives also breached fiduciary duties and aided and abetted the breach of fiduciary duties, in connection with the alleged inappropriate personal conduct by Stephen A. Wynn in the workplace. On July 26, 2019, the plaintiff voluntarily dismissed Matt Maddox, Stephen A. Wynn, Kimmarie Sinatra, John J. Hagenbuch, Ray R. Irani, Jay L. Johnson, Robert J. Miller, Patricia Mulroy, Clark T. Randt, Jr., Alvin V. Shoemaker, J. Edward Virtue, D. Boone Wayson, and one of the Company's law firms from the action. On September 19, 2019, the court entered an order consolidating this action into the State Derivative Case, and on December 2, 2019, further clarified that this action may not proceed as a separate action apart from the State Derivative Case. On November 27, 2019, the State Derivative Case parties agreed to terms of a settlement agreement. The court approved the settlement agreement on February 12, 2020, and entered a written order approving the settlement on March 10, 2020. Following dismissal of the only appeal, the settlement agreement has now become effective and final. Following the dismissal, the Company has received net proceeds of $27.7 million, which has been recognized as a reduction of general and administrative expense within the accompanying Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2020. In 2018, several actions filed in the United States District Court, District of Nevada were consolidated as In re Wynn Resorts, Ltd. Derivative Litigation ("Federal Derivative Case"), which also claim corporate waste and violation of Section 14(a) of the Exchange Act. In June 2018, the Company filed a motion to dismiss and a motion to stay pending resolution of the Securities Action (described below). On March 29, 2019, the Court granted the Company's request for a stay. On March 25, 2020, the parties stipulated to dismiss the Federal Derivative Case given the approved settlement in the State Derivative Case. On March 25, 2019, a separate stockholder derivative action was filed in the United States District Court, District of Nevada alleging identical causes of action as the Federal Derivative Case with the additional allegation that the Board of Directors improperly refused the stockholder's demand to commence litigation against the officers and directors of the Company. On June 10, 2019, the Company filed a motion to dismiss, or alternatively to consolidate this action into the Federal Derivative Case. On March 23, 2020, the court denied the Company’s motion to dismiss as moot given the approved settlement in the State Derivative Case. On April 30, 2020, the Company filed a motion for summary judgment, seeking dismissal of the claims given the approved settlement in the State Derivative Case. 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. Individual Stockholder Actions A number of stockholders have filed individual actions in the Eighth Judicial District Court of Clark County, Nevada against certain current and former members of the Company's Board of Directors and certain of the Company's current and former officers ("Individual Stockholder Actions"). Each of the complaints alleges that defendants, among other things, breached their fiduciary duties in failing to detect, prevent and remedy alleged inappropriate personal conduct by Stephen A. Wynn in the workplace causing injury to each of the individual stockholders. On January 29, 2019, the defendants filed motions to dismiss each of the Individual Stockholder Actions. On December 12, 2019, the district court entered an order denying the motions to dismiss, which the defendants appealed to the Nevada Supreme Court on December 24, 2019. On January 7, 2020, the Nevada Supreme Court stayed the underlying Individual Stockholder Actions pending a decision on the defendants' appeal. On July 27, 2020, the Supreme Court issued an order mandating that the district court dismiss the action. Securities Action On February 20, 2018, a putative securities class action was filed against the Company and certain current and former officers of the Company in the United States District Court, Southern District of New York (which was subsequently transferred to the United States District Court, District of Nevada) by John V. Ferris and Joann M. Ferris on behalf of all persons who purchased the Company's common stock between February 28, 2014 and January 25, 2018. The complaint alleges, among other things, certain violations of federal securities laws and seeks to recover unspecified damages as well as attorneys' fees, costs and related expenses for the plaintiffs. On April 15, 2019, the Company filed a motion to dismiss, which the court granted on May 27, 2020, with leave to amend. On July 1, 2020, the plaintiffs filed an amended complaint. The Company is now preparing a motion to dismiss the amended complaint. The defendants in these actions will vigorously defend against the claims pleaded against them. These actions are in preliminary stages and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or the range of reasonably possible loss, if any. Federal Investigation

Retail Joint Venture

Retail Joint Venture	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint VentureAs of June 30, 2020 and December 31, 2019, the Retail Joint Venture had total assets of $97.0 million and $90.0 million, respectively, and total liabilities of $640.5 million and $622.4 million, respectively. As of June 30, 2020 and December 31, 2019, the Retail Joint Venture's liabilities included long-term debt of $612.0 million and $611.7 million, respectively, net of debt issuance costs, related to the outstanding borrowings under the Retail Term Loan.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment InformationThe Company reviews the results of operations for each of its operating segments, and identifies reportable segments based upon factors such as geography, regulatory environment, and the Company's organizational and management reporting structure. Wynn Macau and Encore, an expansion at Wynn Macau, are managed as a single integrated resort and have been aggregated as one reportable segment ("Wynn Macau"). Wynn Palace is presented as a separate reportable segment and is combined with Wynn Macau for geographical presentation. Wynn Las Vegas, Encore, an expansion at Wynn Las Vegas, and the Retail Joint Venture are managed as a single integrated resort and have been aggregated as one reportable segment ("Las Vegas Operations"). On June 23, 2019, the Company opened Encore Boston Harbor, an integrated resort in Everett, Massachusetts. Encore Boston Harbor is presented as one reportable segment. Other Macau primarily represents the assets for the Company's Macau holding company. The following tables present the Company's segment information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating revenues Macau Operations: Wynn Palace Casino $ (11,428) $ 528,545 $ 196,148 $ 1,151,720 Rooms 2,431 43,183 22,141 86,498 Food and beverage 4,231 28,810 17,529 57,434 Entertainment, retail and other (1) 13,484 28,378 32,413 59,886 8,718 628,916 268,231 1,355,538 Wynn Macau Casino (3,524) 481,204 186,604 931,446 Rooms 2,631 26,465 18,542 55,331 Food and beverage 3,684 20,129 13,215 41,105 Entertainment, retail and other (1) 9,097 18,676 23,016 42,483 11,888 546,474 241,377 1,070,365 Total Macau Operations 20,606 1,175,390 509,608 2,425,903 Las Vegas Operations: Casino 24,365 119,753 95,660 231,437 Rooms 12,353 127,554 118,458 246,644 Food and beverage 16,092 165,197 122,071 288,816 Entertainment, retail and other (1) 12,076 51,638 52,521 98,278 Total Las Vegas Operations 64,886 464,142 388,710 865,175 Encore Boston Harbor: Casino — 13,001 101,790 13,001 Rooms — 1,605 10,955 1,605 Food and beverage — 3,886 20,606 3,886 Entertainment, retail and other (1) 206 308 7,745 308 Total Encore Boston Harbor 206 18,800 141,096 18,800 Total operating revenues $ 85,698 $ 1,658,332 $ 1,039,414 $ 3,309,878 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Adjusted Property EBITDA (2) Macau Operations: Wynn Palace $ (110,908) $ 167,165 $ (100,732) $ 389,751 Wynn Macau (82,646) 175,873 (63,438) 339,762 Total Macau Operations (193,554) 343,038 (164,170) 729,513 Las Vegas Operations (3) (75,564) 137,399 (97,641) 245,701 Encore Boston Harbor (4) (53,779) 146 (66,415) 146 Total (322,897) 480,583 (328,226) 975,360 Other operating expenses Pre-opening 2,186 69,883 4,737 97,596 Depreciation and amortization 179,266 140,269 358,012 276,826 Property charges and other 6,567 6,930 33,796 9,704 Corporate expenses and other (5) (8,984) 35,295 15,208 97,844 Stock-based compensation (6) 21,084 9,490 30,448 19,498 Total other operating expenses 200,119 261,867 442,201 501,468 Operating income (loss) (523,016) 218,716 (770,427) 473,892 Other non-operating income and expenses Interest income 3,983 6,265 11,936 13,552 Interest expense, net of amounts capitalized (133,218) (93,149) (262,045) (186,329) Change in derivatives fair value (3,294) (3,304) (18,954) (4,813) Loss on extinguishment of debt (619) — (1,462) — Other 2,233 11,715 12,568 5,357 Total other non-operating income and expenses (130,915) (78,473) (257,957) (172,233) Income (loss) before income taxes (653,931) 140,243 (1,028,384) 301,659 (Provision) benefit for income taxes (80,938) 1,991 (156,738) 306 Net income (loss) (734,869) 142,234 (1,185,122) 301,965 Net (income) loss attributable to noncontrolling interests 97,305 (47,683) 145,521 (102,542) Net income (loss) attributable to Wynn Resorts, Limited $ (637,564) $ 94,551 $ (1,039,601) $ 199,423 (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 13, "Leases". (2) "Adjusted Property EBITDA" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, management and license fees, corporate expenses and other (including intercompany golf course and water rights leases), stock-based compensation, change in derivatives fair value, loss on extinguishment of debt, and other non-operating income and expenses. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDA because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDA calculations preopening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, our calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited. (3) For the three months ended June 30, 2020, ex cludes $56.4 million of expense acc rued during the first quarter of 2020 related to the Company's commitment to pay salary, tips, and benefits continuation for all of our U.S. employees for the period from April 1 through May 15, 2020. (4) For the three months ended June 30, 2020, excludes $19.3 million of expense accrued during the first quarter of 2020 related to the Company's commitment to pay salary, tips, and benefits continuation for all of our U.S. employees for the period from April 1 through May 15, 2020. (5) For the three and six months ended June 30, 2020, includes a $27.7 million net gain recorded in relation to a derivative litigation settlement. For the six months ended June 30, 2019, includes a $35.0 million nonrecurring regulatory expense. (6) Excludes $0.4 million and $0.7 million included in pre-opening expenses for the three and six months ended June 30, 2019, respectively. June 30, December 31, Assets Macau Operations: Wynn Palace $ 3,568,590 $ 3,734,210 Wynn Macau 1,586,192 1,656,625 Other Macau 1,709,555 1,023,411 Total Macau Operations 6,864,337 6,414,246 Las Vegas Operations 3,060,303 2,806,972 Encore Boston Harbor 2,331,115 2,456,667 Corporate and other 2,629,920 2,193,396 Total $ 14,885,675 $ 13,871,281

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of ConsolidationThe accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 15, "Retail Joint Venture." All significant intercompany accounts and transactions have been eliminated.
Gaming Taxes	Gaming TaxesThe Company is subject to taxes based on gross gaming revenues in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Operations.
Accounts Receivable	Accounts Receivable Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are recorded at amortized cost. Casino receivables primarily consist of credit issued to patrons in the form of markers and advances paid to gaming promoters. The Company issues credit based on factors such as level of play and financial resources, following background and credit checks. The casino credit extended by the Company is generally unsecured and due on demand. Gaming promoter advances are settled shortly after each month end.
Recently Issued and Adopted Accounting Standards	Recently Adopted Accounting Standards Financial Instruments - Credit Losses The FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) in 2016. The new guidance replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For trade and other receivables, loans and other financial instruments, the Company is required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses which reflects losses that are probable. The Company adopted the guidance effective January 1, 2020, and this adoption did not have a material effect on its Condensed Consolidated Financial Statements. Cloud Computing Arrangement Implementation Costs In August 2018, the FASB issued ASU No. 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The ASU is intended to eliminate potential diversity in practice in accounting for costs incurred to implement cloud computing arrangements that are service contracts by requiring customers in such arrangements to follow internal-use software guidance with respect to such costs, with any resulting deferred implementation costs recognized over the term of the contract in the same income statement line item as the fees associated with the hosting element of the arrangement. The Company adopted the guidance effective January 1, 2020, and this adoption did not have a material effect on its Condensed Consolidated Financial Statements. Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. The new guidance amends the disclosure requirements for recurring and nonrecurring fair value measurements by removing, modifying, and adding certain disclosures on fair value measurements in ASC 820. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted the guidance effective January 1, 2020, and this adoption did not have a material effect on its Condensed Consolidated Financial Statements.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2020
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, December 31, Cash and cash equivalents: Cash (1) $ 2,407,678 $ 1,265,502 Cash equivalents (2) 1,390,062 1,086,402 Total cash and cash equivalents 3,797,740 2,351,904 Restricted cash (3) 4,847 6,388 Total cash, cash equivalents and restricted cash $ 3,802,587 $ 2,358,292 (1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds.
Schedule of Restricted Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, December 31, Cash and cash equivalents: Cash (1) $ 2,407,678 $ 1,265,502 Cash equivalents (2) 1,390,062 1,086,402 Total cash and cash equivalents 3,797,740 2,351,904 Restricted cash (3) 4,847 6,388 Total cash, cash equivalents and restricted cash $ 3,802,587 $ 2,358,292 (1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds.

Receivables, net (Tables)

Receivables, net (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Receivables, net	Receivables, net consisted of the following (in thousands): June 30, December 31, Casino $ 264,186 $ 304,137 Hotel 8,197 22,114 Other 112,255 59,495 384,637 385,746 Less: allowance for credit losses (88,319) (39,317) $ 296,318 $ 346,429 The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the period (in thousands): June 30, June 30, Balance at beginning of year $ 39,317 $ 32,694 Provision for credit losses 48,960 9,003 Write-offs (144) (12,391) Recoveries of receivables previously written-off 60 — Effect of exchange rate 126 54 Balance at end of period $ 88,319 $ 29,360

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): June 30, December 31, Buildings and improvements $ 9,737,338 $ 9,367,241 Land and improvements 1,260,749 1,246,679 Furniture, fixtures and equipment 2,999,880 2,932,483 Airplanes 110,623 110,623 Construction in progress 155,393 477,333 14,263,983 14,134,359 Less: accumulated depreciation (4,848,670) (4,510,527) $ 9,415,313 $ 9,623,832

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following (in thousands): June 30, December 31, Macau Related: Wynn Macau Credit Facilities (1) : Wynn Macau Term Loan, due 2022 (2) $ 2,156,960 $ 2,302,540 Wynn Macau Revolver, due 2022 (3) 726,995 350,232 WML 4 7/8% Senior Notes, due 2024 600,000 600,000 WML 5 1/2% Senior Notes, due 2026 750,000 — WML 5 1/2% Senior Notes, due 2027 750,000 750,000 WML 5 1/8% Senior Notes, due 2029 1,000,000 1,000,000 U.S. and Corporate Related: WRF Credit Facilities (4) : WRF Term Loan, due 2024 962,500 987,500 WRF Revolver, due 2024 816,000 — WLV 4 1/4% Senior Notes, due 2023 500,000 500,000 WLV 5 1/2% Senior Notes, due 2025 1,780,000 1,780,000 WLV 5 1/4% Senior Notes, due 2027 880,000 880,000 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 WRF 7 3/4% Senior Notes, due 2025 600,000 — Retail Term Loan, due 2025 (5) 615,000 615,000 12,887,455 10,515,272 Less: Unamortized debt issuance costs and original issue discounts and premium, net (112,222) (111,413) 12,775,233 10,403,859 Less: Current portion of long-term debt (298,050) (323,876) Total long-term debt, net of current portion $ 12,477,183 $ 10,079,983 (1) The borrowings under the Wynn Macau Credit Facilities bear interest at LIBOR or HIBOR plus a margin of 1.50% to 2.25% per annum based on Wynn Resorts Macau S.A.’s leverage ratio. (2) As of June 30, 2020, approximately $1.22 billion and $937.0 million of the Wynn Macau Term Loan bore interest at a rate of LIBOR plus 1.75% per year and HIBOR plus 1.75% per year, respectively. As of June 30, 2020, the weighted average interest rate was approximately 2.04%. (3) As of June 30, 2020, approximately $413.3 million and $313.7 million of the Wynn Macau Revolver bore interest at a rate of LIBOR plus 1.75% per year and HIBOR plus 1.75% per year, respectively. As of June 30, 2020, the weighted average interest rate was approximately 2.09%. As of June 30, 2020, the available borrowing capacity under the Wynn Macau Revolver was $24.1 million. (4) The WRF Credit Facilities bear interest at a rate of LIBOR plus 1.75% per year. As of June 30, 2020, the weighted average interest rate was approximately 1.93%. Additionally, as of June 30, 2020, the available borrowing capacity under the WRF Revolver was $15.9 million, net of $18.1 million in outstanding letters of credit. (5) The Retail Term Loan bears interest at a rate of LIBOR plus 1.70% per year. As of June 30, 2020, the interest rate was 1.87%.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Carried at Fair Value	The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: June 30, Quoted Other Unobservable Assets: Cash equivalents $ 1,390,062 $ 503,794 $ 886,268 — Restricted cash $ 4,847 $ 2,054 $ 2,793 — Liabilities: Interest rate collar $ 22,802 — $ 22,802 — Fair Value Measurements Using: December 31, Quoted Other Unobservable Assets: Cash equivalents $ 1,086,402 — $ 1,086,402 — Restricted cash $ 6,388 $ 2,048 $ 4,340 — Liabilities: Interest rate collar $ 3,847 — $ 3,847 —

Customer Contract Liabilities (

Customer Contract Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Schedule of Customer Contract Liabilities	The Company's primary liabilities associated with customer contracts are as follows (in thousands): June 30, 2020 December 31, 2019 Increase (decrease) June 30, 2019 December 31, 2018 Increase (decrease) Casino outstanding chips and front money deposits (1) $ 904,792 $ 769,053 $ 135,739 $ 865,578 $ 905,561 $ (39,983) Advance room deposits and ticket sales (2) 28,874 49,834 (20,960) 36,185 42,197 (6,012) Other gaming-related liabilities (3) 5,592 13,970 (8,378) 7,405 12,694 (5,289) Loyalty program and related liabilities (4) 21,566 21,148 418 18,166 18,148 18 $ 960,824 $ 854,005 $ 106,819 $ 927,334 $ 978,600 $ (51,266) (1) Casino outstanding chips generally represent amounts owed to gaming promoters and customers for chips in their possession, and casino front money deposits represent funds deposited by customers before gaming play occurs. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and may be recognized as revenue or redeemed for cash in the future. (2) Advance room deposits and ticket sales represent cash received in advance for goods or services to be provided in the future. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and will be recognized as revenue when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenue and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenue within one year. (3) Other gaming-related liabilities generally represent unpaid wagers primarily in the form of unredeemed slot, race and sportsbook tickets or wagers for future sporting events. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets. (4) Loyalty program and related liabilities represent the deferral of revenue until the loyalty points or other complimentaries are redeemed. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share Based Compensation Allocated Costs	The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Casino (1) $ 3,196 $ 1,790 $ 2,300 $ 4,374 Rooms 346 223 695 441 Food and beverage 666 477 1,303 809 Entertainment, retail and other 84 62 157 106 General and administrative (2) 16,792 6,938 25,993 13,768 Pre-opening — 340 — 670 Total stock-based compensation expense 21,084 9,830 30,448 20,168 Total stock-based compensation capitalized 486 83 703 147 Total stock-based compensation costs $ 21,570 $ 9,913 $ 31,151 $ 20,315 (1) For the six months ended June 30, 2020, reflects the reversal of $3.3 million of compensation cost previously recognized for awards forfeited in connection with the departure of an employee. (2) For the three and six months ended June 30, 2020, reflects compensation cost of $4.4 million recognized in connection with the vesting of restricted stock performance awards.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net income (loss) attributable to Wynn Resorts, Limited $ (637,564) $ 94,551 $ (1,039,601) $ 199,423 Denominator: Weighted average common shares outstanding 106,713 106,876 106,688 106,834 Potential dilutive effect of stock options, nonvested, and performance nonvested shares — 265 — 255 Weighted average common and common equivalent shares outstanding 106,713 107,141 106,688 107,089 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ (5.97) $ 0.88 $ (9.74) $ 1.87 Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ (5.97) $ 0.88 $ (9.74) $ 1.86 Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 1,127 287 1,127 365

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Minimum and Contingent Operating Lease Income	The following table presents the minimum and contingent operating lease income for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Minimum rental income $ 28,073 $ 33,671 $ 59,723 $ 66,379 Contingent rental income 1,839 11,945 8,519 26,916 Total rental income $ 29,912 $ 45,616 $ 68,242 $ 93,295

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of Operations by Segment	The following tables present the Company's segment information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating revenues Macau Operations: Wynn Palace Casino $ (11,428) $ 528,545 $ 196,148 $ 1,151,720 Rooms 2,431 43,183 22,141 86,498 Food and beverage 4,231 28,810 17,529 57,434 Entertainment, retail and other (1) 13,484 28,378 32,413 59,886 8,718 628,916 268,231 1,355,538 Wynn Macau Casino (3,524) 481,204 186,604 931,446 Rooms 2,631 26,465 18,542 55,331 Food and beverage 3,684 20,129 13,215 41,105 Entertainment, retail and other (1) 9,097 18,676 23,016 42,483 11,888 546,474 241,377 1,070,365 Total Macau Operations 20,606 1,175,390 509,608 2,425,903 Las Vegas Operations: Casino 24,365 119,753 95,660 231,437 Rooms 12,353 127,554 118,458 246,644 Food and beverage 16,092 165,197 122,071 288,816 Entertainment, retail and other (1) 12,076 51,638 52,521 98,278 Total Las Vegas Operations 64,886 464,142 388,710 865,175 Encore Boston Harbor: Casino — 13,001 101,790 13,001 Rooms — 1,605 10,955 1,605 Food and beverage — 3,886 20,606 3,886 Entertainment, retail and other (1) 206 308 7,745 308 Total Encore Boston Harbor 206 18,800 141,096 18,800 Total operating revenues $ 85,698 $ 1,658,332 $ 1,039,414 $ 3,309,878 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Adjusted Property EBITDA (2) Macau Operations: Wynn Palace $ (110,908) $ 167,165 $ (100,732) $ 389,751 Wynn Macau (82,646) 175,873 (63,438) 339,762 Total Macau Operations (193,554) 343,038 (164,170) 729,513 Las Vegas Operations (3) (75,564) 137,399 (97,641) 245,701 Encore Boston Harbor (4) (53,779) 146 (66,415) 146 Total (322,897) 480,583 (328,226) 975,360 Other operating expenses Pre-opening 2,186 69,883 4,737 97,596 Depreciation and amortization 179,266 140,269 358,012 276,826 Property charges and other 6,567 6,930 33,796 9,704 Corporate expenses and other (5) (8,984) 35,295 15,208 97,844 Stock-based compensation (6) 21,084 9,490 30,448 19,498 Total other operating expenses 200,119 261,867 442,201 501,468 Operating income (loss) (523,016) 218,716 (770,427) 473,892 Other non-operating income and expenses Interest income 3,983 6,265 11,936 13,552 Interest expense, net of amounts capitalized (133,218) (93,149) (262,045) (186,329) Change in derivatives fair value (3,294) (3,304) (18,954) (4,813) Loss on extinguishment of debt (619) — (1,462) — Other 2,233 11,715 12,568 5,357 Total other non-operating income and expenses (130,915) (78,473) (257,957) (172,233) Income (loss) before income taxes (653,931) 140,243 (1,028,384) 301,659 (Provision) benefit for income taxes (80,938) 1,991 (156,738) 306 Net income (loss) (734,869) 142,234 (1,185,122) 301,965 Net (income) loss attributable to noncontrolling interests 97,305 (47,683) 145,521 (102,542) Net income (loss) attributable to Wynn Resorts, Limited $ (637,564) $ 94,551 $ (1,039,601) $ 199,423 (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 13, "Leases". (2) "Adjusted Property EBITDA" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, management and license fees, corporate expenses and other (including intercompany golf course and water rights leases), stock-based compensation, change in derivatives fair value, loss on extinguishment of debt, and other non-operating income and expenses. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDA because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDA calculations preopening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, our calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited. (3) For the three months ended June 30, 2020, ex cludes $56.4 million of expense acc rued during the first quarter of 2020 related to the Company's commitment to pay salary, tips, and benefits continuation for all of our U.S. employees for the period from April 1 through May 15, 2020. (4) For the three months ended June 30, 2020, excludes $19.3 million of expense accrued during the first quarter of 2020 related to the Company's commitment to pay salary, tips, and benefits continuation for all of our U.S. employees for the period from April 1 through May 15, 2020. (5) For the three and six months ended June 30, 2020, includes a $27.7 million net gain recorded in relation to a derivative litigation settlement. For the six months ended June 30, 2019, includes a $35.0 million nonrecurring regulatory expense. (6) Excludes $0.4 million
Summary of Assets by Segment	June 30, December 31, Assets Macau Operations: Wynn Palace $ 3,568,590 $ 3,734,210 Wynn Macau 1,586,192 1,656,625 Other Macau 1,709,555 1,023,411 Total Macau Operations 6,864,337 6,414,246 Las Vegas Operations 3,060,303 2,806,972 Encore Boston Harbor 2,331,115 2,456,667 Corporate and other 2,629,920 2,193,396 Total $ 14,885,675 $ 13,871,281

Organization - Additional Infor

Organization - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Organization and Basis of Presentation [Line Items]
Cash and cash equivalents	$ 3,797,740	$ 2,351,904
WRF Revolver, due 2024 | Senior Secured Revolving Credit Facility | WRF
Organization and Basis of Presentation [Line Items]
Available borrowing capacity	15,900
Wynn Macau Revolver, due 2022 | Senior Secured Revolving Credit Facility | Wynn Macau
Organization and Basis of Presentation [Line Items]
Available borrowing capacity	$ 24,100
Wynn Las Vegas
Organization and Basis of Presentation [Line Items]
Percentage of ownership	100.00%
Wynn Palace and Wynn Macau
Organization and Basis of Presentation [Line Items]
Percentage of ownership	72.00%
Retail Joint Venture
Organization and Basis of Presentation [Line Items]
Percentage of ownership	50.10%

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Gaming tax expenses	$ 12.5	$ 561.8	$ 266.4	$ 1,150

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Cash	$ 2,407,678	$ 1,265,502
Cash equivalents	1,390,062	1,086,402
Total cash and cash equivalents	3,797,740	2,351,904
Restricted cash	4,847	6,388
Total cash, cash equivalents and restricted cash	$ 3,802,587	$ 2,358,292	$ 1,506,367	$ 2,219,323

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 384,637	$ 385,746
Less: allowance for credit losses	(88,319)	(39,317)
Receivables, net	$ 296,318	$ 346,429
Geographic Concentration Risk | Receivables | Outside the United States, primarily Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of markers due from customers	82.30%	79.00%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 264,186	$ 304,137
Allowance for credit losses, percent of gross receivables	31.90%	12.40%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 8,197	$ 22,114
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 112,255	$ 59,495

Receivables, net - Schedule of

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year			$ 39,317	$ 32,694
Provision for credit losses	$ 28,347	$ 3,581	48,960	9,003
Write-offs			(144)	(12,391)
Recoveries of receivables previously written-off			60	0
Effect of exchange rate			126	54
Balance at end of period	$ 88,319	$ 29,360	$ 88,319	$ 29,360

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 9,737,338		$ 9,737,338		$ 9,367,241
Land and improvements	1,260,749		1,260,749		1,246,679
Furniture, fixtures and equipment	2,999,880		2,999,880		2,932,483
Airplanes	110,623		110,623		110,623
Construction in progress	155,393		155,393		477,333
Property and equipment, gross	14,263,983		14,263,983		14,134,359
Less: accumulated depreciation	(4,848,670)		(4,848,670)		(4,510,527)
Property and equipment, net	9,415,313		9,415,313		$ 9,623,832
Depreciation expense	$ 172,800	$ 135,600	$ 345,100	$ 267,900

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 19, 2020	Apr. 14, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 12,887,455			$ 10,515,272
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(112,222)			(111,413)
Long-term debt total	12,775,233			10,403,859
Less: Current portion of long-term debt	(298,050)			(323,876)
Total long-term debt, net of current portion	12,477,183			10,079,983
Wynn Macau | Wynn Macau Term Loan, due 2022 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	2,156,960			2,302,540
Wynn Macau | Wynn Macau Revolver, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	726,995			350,232
WML | WML 4 7/8% Senior Notes, due 2024 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000			600,000
Stated interest rate	4.875%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000			0
Stated interest rate	5.50%	5.50%
WML | WML 5 1/2% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000			750,000
Stated interest rate	5.50%
WML | WML 5 1/8% Senior Notes, due 2029 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000			1,000,000
Stated interest rate	5.125%
WRF | WRF Term Loan, due 2024 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 962,500			987,500
WRF | WRF Revolver, due 2024 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	816,000			0
WRF | WRF 5 1/8% Senior Notes, due 2029 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000			750,000
Stated interest rate	5.125%
WRF | WRF 7 3/4% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000			0
Stated interest rate	7.75%		7.75%
WLV | WLV 4 1/4% Senior Notes, due 2023 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000			500,000
Stated interest rate	4.25%
WLV | WLV 5 1/2% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,780,000			1,780,000
Stated interest rate	5.50%
WLV | WLV 5 1/4% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 880,000			880,000
Stated interest rate	5.25%
Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) | Retail Term Loan, due 2025 | Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 615,000			$ 615,000

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 12,887,455	$ 10,515,272
Wynn Macau | Senior Term Loan Facility, due 2022 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,156,960	2,302,540
Interest rate during period	2.04%
Wynn Macau | Senior Revolving Credit Facility, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 726,995	350,232
Interest rate during period	2.09%
Available borrowing capacity	$ 24,100
WRF | WRF Credit Facilities
Debt Instrument [Line Items]
Interest rate during period	1.93%
WRF | WRF Revolver, due 2024 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 816,000	0
Available borrowing capacity	15,900
Outstanding letters of credit	18,100
Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) | Retail Term Loan, due 2025 | Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 615,000	$ 615,000
Interest rate during period	1.87%
LIBOR | Wynn Macau | Wynn Macau Credit Facilities [Member]
Debt Instrument [Line Items]
Interest in addition to variable rate	1.50%
LIBOR | Wynn Macau | Senior Term Loan Facility, due 2022 | Senior Secured Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate	1.75%
Long-term debt, gross	$ 1,220,000
LIBOR | Wynn Macau | Senior Revolving Credit Facility, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate	1.75%
Long-term debt, gross	$ 413,300
LIBOR | WRF | WRF Credit Facilities
Debt Instrument [Line Items]
Interest in addition to variable rate	1.75%
LIBOR | Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) | Retail Term Loan, due 2025 | Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate	1.70%
HIBOR | Wynn Macau | Wynn Macau Credit Facilities [Member]
Debt Instrument [Line Items]
Interest in addition to variable rate	2.25%
HIBOR | Wynn Macau | Senior Term Loan Facility, due 2022 | Senior Secured Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate	1.75%
Long-term debt, gross	$ 937,000
HIBOR | Wynn Macau | Senior Revolving Credit Facility, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate	1.75%
Long-term debt, gross	$ 313,700

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)	Jun. 19, 2020USD ($)	Apr. 14, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Apr. 10, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Payment of related fees and expenses			$ 13,196,000	$ 10,488,000
Fair value, excluding the redemption note			12,030,000,000			$ 10,800,000,000
Long-term debt excluding the Redemption Note			$ 12,890,000,000			$ 10,520,000,000
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 750,000,000
Stated interest rate	5.50%		5.50%
Payment default classification period for interest payment	30 days
Event of default, failure to pay unfavorable judgements, maximum allowable amount	$ 50,000,000
Payment of related fees and expenses	7,100,000
Debt issuance costs	$ 7,100,000
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes | Redemption Period One
Debt Instrument [Line Items]
Redemption percentage, redeemable from cash proceeds from equity offerings	35.00%
Debt redemption price as percentage of principal, redeemable from cash proceeds from equity offerings	105.50%
Debt redemption price as percentage of principal	100.00%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes | Redemption Period Two | Maximum
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	104.125%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes | Redemption Period Two | Minimum
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	100.00%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes | Change of Control
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	101.00%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes | Change in or Amendment to Tax Laws or Tax Positions
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	100.00%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes | Material Adverse Effect
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	100.00%
Minimum number of consecutive days	10 days
WRF | WRF Credit Facilities | Credit Agreement | During Financial Covenant Relief Period
Debt Instrument [Line Items]
Minimum liquidity required to be maintained at all times during Financial Covenant Relief Period					$ 300,000,000
WRF | WRF Credit Facilities | Credit Agreement | First Fiscal Quarter of the Financial Covenant Increase Period
Debt Instrument [Line Items]
Maximum consolidated first lien net leverage ratio					4.50
WRF | WRF Credit Facilities | Credit Agreement | Second Fiscal Quarter of the Financial Covenant Increase Period
Debt Instrument [Line Items]
Maximum consolidated first lien net leverage ratio					4.25
WRF | WRF Credit Facilities | Credit Agreement | Third Fiscal Quarter of the Financial Covenant Increase Period
Debt Instrument [Line Items]
Maximum consolidated first lien net leverage ratio					4
WRF | WRF Credit Facilities | Credit Agreement | Each Subsequent Fiscal Quarter Thereafter of the Financial Covenant Increase Period
Debt Instrument [Line Items]
Maximum consolidated first lien net leverage ratio					3.75
WRF | WRF 5 1/8% Senior Notes, due 2029 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate			5.125%
WRF | WRF 7 3/4% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount		$ 600,000,000
Stated interest rate		7.75%	7.75%
Payment of related fees and expenses		$ 5,600,000
Debt issuance costs		$ 5,200,000
Event of default, option to accelerate amounts due, minimum percentage of aggregate principal amount of debt held		25.00%
WRF | WRF 7 3/4% Senior Notes, due 2025 | Senior Notes | Redemption Period One
Debt Instrument [Line Items]
Redemption percentage, redeemable from cash proceeds from equity offerings		35.00%
Debt redemption price as percentage of principal, redeemable from cash proceeds from equity offerings		107.75%
Debt redemption price as percentage of principal		100.00%
WRF | WRF 7 3/4% Senior Notes, due 2025 | Senior Notes | Redemption Period Two
Debt Instrument [Line Items]
Debt redemption price as percentage of principal		101.00%

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Thousands	3 Months Ended					6 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)$ / shares	Jun. 30, 2019USD ($)$ / shares	Jun. 30, 2019$ / shares	Mar. 31, 2019USD ($)$ / shares	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Dividends and Noncontrolling Interest [Line Items]
Cash dividend paid (usd per share) | $ / shares		$ 1	$ 1		$ 0.75
Cash dividends	$ (224)		$ 190,533			$ 107,277	$ 271,201
Reduction to noncontrolling interest			2,727			998	2,727
WML
Dividends and Noncontrolling Interest [Line Items]
Company's share of dividend			215,000
Reduction to noncontrolling interest			83,000
Subsidiaries | WML
Dividends and Noncontrolling Interest [Line Items]
Cash dividend paid (usd per share) | $ / shares				$ 0.45
Cash dividends			298,000
Retained earnings (accumulated deficit)
Dividends and Noncontrolling Interest [Line Items]
Cash dividends	$ (208)	$ 107,500	$ 107,616		$ 80,700	$ 107,307	$ 188,301

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Cash equivalents	$ 1,390,062	$ 1,086,402
Restricted cash	4,847	6,388
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	1,390,062	1,086,402
Restricted cash	4,847	6,388
Liabilities:
Interest rate collar	22,802	3,847
Fair Value, Measurements, Recurring | Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	503,794	0
Restricted cash	2,054	2,048
Liabilities:
Interest rate collar	0	0
Fair Value, Measurements, Recurring | Other Observable Inputs (Level 2)
Assets:
Cash equivalents	886,268	1,086,402
Restricted cash	2,793	4,340
Liabilities:
Interest rate collar	22,802	3,847
Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Restricted cash	0	0
Liabilities:
Interest rate collar	$ 0	$ 0

Customer Contract Liabilities S

Customer Contract Liabilities Schedule of Customer Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 904,792	$ 865,578	$ 769,053	$ 905,561
Change in outstanding chips and front money deposits	135,739	(39,983)
Advanced room deposits and ticket sales	28,874	36,185	49,834	42,197
Change in advanced room deposits and ticket sales	(20,960)	(6,012)
Other gaming related liabilities	5,592	7,405	13,970	12,694
Change in other gaming related liabilities	(8,378)	(5,289)
Loyalty program liabilities	21,566	18,166	21,148	18,148
Change in loyalty program liabilities	418	18
Total customer contract liabilities	960,824	927,334	$ 854,005	$ 978,600
Change in total customer contract liabilities	$ 106,819	$ (51,266)

Stock-Based Compensation - Shar

Stock-Based Compensation - Share Based Compensation Allocated Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 21,084	$ 9,830	$ 30,448	$ 20,168
Total stock-based compensation capitalized	486	83	703	147
Total stock-based compensation costs	21,570	9,913	31,151	20,315
Reversal of compensation cost previously recognized for awards forfeited in connection with departure of employee			3,300
Incremental compensation cost recognized in connection with vesting of restricted stock awards	4,400		4,400
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	3,196	1,790	2,300	4,374
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	346	223	695	441
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	666	477	1,303	809
Entertainment, retail and other
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	84	62	157	106
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	16,792	6,938	25,993	13,768
Preopening [Member]
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 0	$ 340	$ 0	$ 670

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense (benefit)		$ 80,938	$ (1,991)	$ 156,738	$ (306)
Tax exemption period				5 years
Complementary tax rate	12.00%			12.00%
Amount of complementary tax exemption			$ 19,800		$ 42,600

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited	$ (637,564)	$ 94,551	$ (1,039,601)	$ 199,423
Denominator:
Weighted average common shares outstanding (shares)	106,713	106,876	106,688	106,834
Potential dilutive effect of stock options and restricted stock (shares)	0	265	0	255
Weighted average common and common equivalent shares outstanding (shares)	106,713	107,141	106,688	107,089
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in usd per share)	$ (5.97)	$ 0.88	$ (9.74)	$ 1.87
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in usd per share)	$ (5.97)	$ 0.88	$ (9.74)	$ 1.86
Antidilutive securities excluded from computation of earnings per share (shares)	1,127	287	1,127	365

Leases - Minimum and Contingent

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Minimum rental income	$ 28,073	$ 33,671	$ 59,723	$ 66,379
Contingent rental income	1,839	11,945	8,519	26,916
Total rental income	$ 29,912	$ 45,616	$ 68,242	$ 93,295

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Derivative Litigation - Positive Outcome of Litigation - USD ($) $ in Millions	3 Months Ended	4 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2020
Commitments and Contingencies [Line Items]
Net proceeds received from settlement agreement becoming effective and final		$ 27.7
General and Administrative Expense
Commitments and Contingencies [Line Items]
Gain related to settlement agreement becoming effective and final, recognized as reduction of general and administrative expense	$ 27.7		$ 27.7

Retail Joint Venture - Addition

Retail Joint Venture - Additional information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule of Variable Interest Entities [Line Items]
Assets	$ 14,885,675	$ 13,871,281
Liabilities	14,611,477	12,329,809
Long-term debt	12,775,233	10,403,859
Retail | Retail Joint Venture
Schedule of Variable Interest Entities [Line Items]
Assets	97,000	90,000
Liabilities	640,500	622,400
Long-term debt	$ 612,000	$ 611,700

Segment Information - Summary o

Segment Information - Summary of Results of Operations by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total operating revenues	$ 85,698	$ 1,658,332	$ 1,039,414	$ 3,309,878
Adjusted Property EBITDA	(322,897)	480,583	(328,226)	975,360
Other operating expenses
Pre-opening	2,186	69,883	4,737	97,596
Depreciation and amortization	179,266	140,269	358,012	276,826
Property charges and other	6,567	6,930	33,796	9,704
Corporate expenses and other	(8,984)	35,295	15,208	97,844
Stock-based compensation	21,084	9,490	30,448	19,498
Total other operating expenses	200,119	261,867	442,201	501,468
Operating income (loss)	(523,016)	218,716	(770,427)	473,892
Other non-operating income and expenses
Interest income	3,983	6,265	11,936	13,552
Interest expense, net of amounts capitalized	(133,218)	(93,149)	(262,045)	(186,329)
Change in derivatives fair value	(3,294)	(3,304)	(18,954)	(4,813)
Loss on extinguishment of debt	(619)	0	(1,462)	0
Other	2,233	11,715	12,568	5,357
Total other non-operating income and expenses	(130,915)	(78,473)	(257,957)	(172,233)
Income (loss) before income taxes	(653,931)	140,243	(1,028,384)	301,659
(Provision) benefit for income taxes	(80,938)	1,991	(156,738)	306
Net income (loss)	(734,869)	142,234	(1,185,122)	301,965
Net (income) loss attributable to noncontrolling interests	97,305	(47,683)	145,521	(102,542)
Net income (loss) attributable to Wynn Resorts, Limited	(637,564)	94,551	(1,039,601)	199,423
Nonrecurring regulatory expense				35,000
Pre-opening expenses excluded from stock-based compensation		400		700
Derivative Litigation | Positive Outcome of Litigation | General and Administrative Expense
Other non-operating income and expenses
Net gain related to derivative litigation settlement	27,700		27,700
Operating Segments | Macau Operations
Segment Reporting Information [Line Items]
Total operating revenues	20,606	1,175,390	509,608	2,425,903
Adjusted Property EBITDA	(193,554)	343,038	(164,170)	729,513
Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	8,718	628,916	268,231	1,355,538
Adjusted Property EBITDA	(110,908)	167,165	(100,732)	389,751
Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	11,888	546,474	241,377	1,070,365
Adjusted Property EBITDA	(82,646)	175,873	(63,438)	339,762
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	64,886	464,142	388,710	865,175
Adjusted Property EBITDA	(75,564)	137,399	(97,641)	245,701
Operating Segments | Las Vegas Operations | Commitment to pay salary, tips, and benefits continuation for all U.S. employess for period from April 1 through May 15, 2020
Other non-operating income and expenses
Accrual of net expense related to commitment to pay salary, tips and benefits continuation for all U.S. employees					$ 56,400
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	206	18,800	141,096	18,800
Adjusted Property EBITDA	(53,779)	146	(66,415)	146
Operating Segments | Encore Boston Harbor | Commitment to pay salary, tips, and benefits continuation for all U.S. employess for period from April 1 through May 15, 2020
Other non-operating income and expenses
Accrual of net expense related to commitment to pay salary, tips and benefits continuation for all U.S. employees					$ 19,300
Casino
Segment Reporting Information [Line Items]
Total operating revenues	9,413	1,142,503	580,202	2,327,604
Casino | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	(11,428)	528,545	196,148	1,151,720
Casino | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	(3,524)	481,204	186,604	931,446
Casino | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	24,365	119,753	95,660	231,437
Casino | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	0	13,001	101,790	13,001
Rooms
Segment Reporting Information [Line Items]
Total operating revenues	17,415	198,807	170,096	390,077
Rooms | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	2,431	43,183	22,141	86,498
Rooms | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	2,631	26,465	18,542	55,331
Rooms | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	12,353	127,554	118,458	246,644
Rooms | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	0	1,605	10,955	1,605
Food and beverage
Segment Reporting Information [Line Items]
Total operating revenues	24,007	218,022	173,421	391,241
Food and beverage | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	4,231	28,810	17,529	57,434
Food and beverage | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	3,684	20,129	13,215	41,105
Food and beverage | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	16,092	165,197	122,071	288,816
Food and beverage | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	0	3,886	20,606	3,886
Entertainment, retail and other
Segment Reporting Information [Line Items]
Total operating revenues	34,863	99,000	115,695	200,956
Entertainment, retail and other | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	13,484	28,378	32,413	59,886
Entertainment, retail and other | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	9,097	18,676	23,016	42,483
Entertainment, retail and other | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	12,076	51,638	52,521	98,278
Entertainment, retail and other | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	$ 206	$ 308	$ 7,745	$ 308

Segment Information - Summary_2

Segment Information - Summary of Assets by Segment (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Assets	$ 14,885,675	$ 13,871,281
Corporate and other
Segment Reporting Information [Line Items]
Assets	2,629,920	2,193,396
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	3,060,303	2,806,972
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	2,331,115	2,456,667
Operating Segments | Macau
Segment Reporting Information [Line Items]
Assets	6,864,337	6,414,246
Operating Segments | Macau | Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,586,192	1,656,625
Operating Segments | Macau | Wynn Palace
Segment Reporting Information [Line Items]
Assets	3,568,590	3,734,210
Operating Segments | Macau | Other Macau
Segment Reporting Information [Line Items]
Assets	$ 1,709,555	$ 1,023,411