Wynn Resorts, Limited (WYNN) 10-Q 10 May 21 2020 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
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		115,658,123
Amendment Flag	false
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 2,890,407	$ 3,482,032
Restricted cash	2,813	0
Accounts receivable, net of allowance for credit losses of $102,412 and $100,329	215,337	200,158
Inventories	65,252	66,285
Prepaid expenses and other	75,957	64,672
Total current assets	3,249,766	3,813,147
Property and equipment, net	9,050,178	9,196,644
Restricted cash	4,051
Goodwill and intangible assets, net	287,836	278,195
Operating lease assets	390,601	398,594
Other assets	184,479	178,615
Total assets	13,166,911	13,869,547
Current liabilities:
Accounts and construction payables	133,212	148,478
Customer deposits	514,199	646,856
Gaming taxes payable	64,711	66,346
Accrued compensation and benefits	126,830	126,846
Accrued interest	143,686	136,421
Current portion of long-term debt	198,465	596,408
Other accrued liabilities	188,779	159,533
Total current liabilities	1,369,882	1,880,888
Long-term debt	11,755,169	12,469,362
Long-term operating lease liabilities	120,950	123,124
Other long-term liabilities	123,849	133,490
Total liabilities	13,369,850	14,606,864
Commitments and contingencies (Note 15)
Stockholders' equity (deficit):
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding	0	0
Common stock, par value $0.01; 400,000,000 shares authorized; 131,280,022 and 123,482,836 shares issued; 115,647,328 and 107,888,336 shares outstanding, respectively	1,313	1,235
Treasury stock, at cost; 15,632,694 and 15,594,500 shares, respectively	(1,426,887)	(1,422,531)
Additional paid-in capital	3,466,073	2,598,115
Accumulated other comprehensive income	6,501	3,604
Accumulated deficit	(1,813,317)	(1,532,420)
Total Wynn Resorts, Limited stockholders' equity (deficit)	233,683	(351,997)
Noncontrolling interests	(436,622)	(385,320)
Total stockholders' deficit	(202,939)	(737,317)
Total liabilities and stockholders' deficit	13,166,911	13,869,547
Accounts receivable, allowance for credit losses	$ 102,412	$ 100,329

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 102,412	$ 100,329
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	131,280,022	123,482,836
Common stock, shares outstanding	115,647,328	107,888,336
Treasury stock, shares	15,632,694	15,594,500

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating revenues:
Total operating revenues	$ 725,783	$ 953,716
Operating expenses:
General and administrative	179,774	234,328
Provision for credit losses	7,367	20,613
Pre-opening	1,627	2,551
Depreciation and amortization	185,121	178,746
Property charges and other	5,617	27,229
Total operating expenses	901,515	1,201,127
Operating loss	(175,732)	(247,411)
Other income (expense):
Interest income	904	7,953
Interest expense, net of amounts capitalized	(152,852)	(128,827)
Change in derivatives fair value	4,409	(15,660)
Loss on extinguishment of debt	(1,322)	(843)
Other	(11,093)	10,335
Other income (expense), net	(159,954)	(127,042)
Loss before income taxes	(335,686)	(374,453)
Provision for income taxes	(493)	(75,800)
Net loss	(336,179)	(450,253)
Less: net loss attributable to noncontrolling interests	55,201	48,216
Net loss attributable to Wynn Resorts, Limited	$ (280,978)	$ (402,037)
Net loss attributable to Wynn Resorts, Limited:
Basic (in usd per share)	$ (2.53)	$ (3.77)
Diluted (in usd per share)	$ (2.53)	$ (3.77)
Weighted average common shares outstanding:
Basic (in shares)	111,020	106,663
Diluted (in shares)	111,020	106,663
Dividends declared per common share (usd per share)	$ 0	$ 1
Casino
Operating revenues:
Total operating revenues	$ 516,218	$ 570,789
Operating expenses:
Cost of goods and services sold	351,966	442,690
Rooms
Operating revenues:
Total operating revenues	76,190	152,681
Operating expenses:
Cost of goods and services sold	33,535	73,480
Food and beverage
Operating revenues:
Total operating revenues	68,509	149,414
Operating expenses:
Cost of goods and services sold	73,948	175,910
Entertainment, retail and other
Operating revenues:
Total operating revenues	64,866	80,832
Operating expenses:
Cost of goods and services sold	$ 62,560	$ 45,580

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (336,179)	$ (450,253)
Other comprehensive income:
Foreign currency translation adjustments, before and after tax	4,032	1,015
Total comprehensive loss	(332,147)	(449,238)
Less: comprehensive loss attributable to noncontrolling interests	54,066	47,933
Comprehensive loss attributable to Wynn Resorts, Limited	$ (278,081)	$ (401,305)

Condensed Consolidated Statem_3

Condensed Consolidated Statement Of Stockholders' Equity (unaudited) - USD ($)	Total	Total Wynn Resorts, Ltd. stockholders' equity	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive loss	Noncontrolling interests	Retained earnings (Accumulated deficit)
Beginning balance at Dec. 31, 2019	$ 1,541,472,000	$ 1,743,045,000	$ 1,228,000	$ (1,410,998,000)	$ 2,512,676,000	$ (1,679,000)	$ (201,573,000)	$ 641,818,000
Beginning balance (in shares) at Dec. 31, 2019			107,363,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(450,253,000)	(402,037,000)					(48,216,000)	(402,037,000)
Currency translation adjustment	1,015,000	732,000				732,000	283,000
Issuance of restricted stock	6,721,000	6,092,000	$ 6,000		6,086,000		629,000
Issuance of restricted stock (in shares)			620,745
Cancellation of restricted stock	0		$ 0
Cancellation of restricted stock (in shares)			(55,570)
Shares repurchased by the Company and held as treasury shares	(5,527,000)	(5,527,000)		(5,527,000)
Shares repurchased by the Company and held as treasury shares (in shares)			(44,955)
Cash dividends declared	(107,501,000)	(107,515,000)					14,000	(107,515,000)
Distribution to noncontrolling interest	(998,000)						(998,000)
Stock-based compensation	7,551,000	7,300,000			7,300,000		251,000
Ending balance at Mar. 31, 2020	992,480,000	1,242,090,000	$ 1,234,000	(1,416,525,000)	2,526,062,000	(947,000)	(249,610,000)	132,266,000
Ending balance (in shares) at Mar. 31, 2020			107,884,163
Beginning balance at Dec. 31, 2019	1,541,472,000	1,743,045,000	$ 1,228,000	(1,410,998,000)	2,512,676,000	(1,679,000)	(201,573,000)	641,818,000
Beginning balance (in shares) at Dec. 31, 2019			107,363,943
Ending balance at Dec. 31, 2020	(737,317,000)	(351,997,000)	$ 1,235,000	(1,422,531,000)	2,598,115,000	3,604,000	(385,320,000)	(1,532,420,000)
Ending balance (in shares) at Dec. 31, 2020			107,888,336
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(336,179,000)	(280,978,000)					(55,201,000)	(280,978,000)
Currency translation adjustment	4,032,000	2,897,000				2,897,000	1,135,000
Issuance of common stock, net of $17.7 million underwriter discounts, commissions and other expenses	841,899,000	841,899,000	$ 75,000		841,824,000
Issuance of common stock, net of $17.7 million underwriter discounts, commissions and other expenses (in shares)			7,475,000
Issuance of restricted stock	6,272,000	5,902,000	$ 3,000		5,899,000		370,000
Issuance of restricted stock (in shares)			335,285
Cancellation of restricted stock	0		$ 0
Cancellation of restricted stock (in shares)			(13,099)
Shares repurchased by the Company and held as treasury shares	(4,356,000)	(4,356,000)		(4,356,000)
Shares repurchased by the Company and held as treasury shares (in shares)			(38,194)
Cash dividends declared	90,000	81,000					9,000	81,000
Distribution to noncontrolling interest							0
Stock-based compensation	22,620,000	20,235,000			20,235,000		2,385,000
Ending balance at Mar. 31, 2021	$ (202,939,000)	$ 233,683,000	$ 1,313,000	$ (1,426,887,000)	$ 3,466,073,000	$ 6,501,000	$ (436,622,000)	$ (1,813,317,000)
Ending balance (in shares) at Mar. 31, 2021			115,647,328

Condensed Consolidated Statem_4

Condensed Consolidated Statement Of Stockholders' Equity (unaudited) (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Statement of Stockholders' Equity [Abstract]
Underwriter discounts, commissions, and other expenses	$ 17.7

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net loss	$ (336,179)	$ (450,253)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	185,121	178,746
Deferred income taxes	293	74,860
Stock-based compensation expense	24,346	9,364
Amortization of debt issuance costs	6,652	6,944
Loss on extinguishment of debt	1,322	843
Provision for credit losses	7,367	20,613
Change in derivatives fair value	(4,409)	15,660
Property charges and other	16,710	16,894
Increase (decrease) in cash from changes in:
Receivables, net	(22,947)	(56,284)
Inventories, prepaid expenses and other	(21,411)	5,135
Customer deposits	(131,336)	71,736
Accounts payable and accrued expenses	20,565	(70,758)
Net cash used in operating activities	(253,906)	(176,500)
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(40,270)	(139,316)
Purchase of intangible and other assets	(8,500)	0
Proceeds from sale of assets and other	134	2,162
Net cash used in investing activities	(48,636)	(137,154)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	50,084	1,469,028
Repayments of long-term debt	(1,166,737)	(515,194)
Proceeds from issuance of common stock	841,899	0
Repurchase of common stock	(4,356)	(5,527)
Finance lease payment	(3,881)	(37)
Proceeds from exercise of stock options	0	70
Dividends paid	(295)	(107,426)
Distribution to noncontrolling interest	0	(998)
Payments for financing costs	(2,154)	(1,919)
Net cash (used in) provided by financing activities	(285,440)	837,997
Effect of exchange rate on cash, cash equivalents and restricted cash	(1,131)	3,266
Cash, cash equivalents and restricted cash:
(Decrease) increase in cash, cash equivalents and restricted cash	(589,113)	527,609
Balance, beginning of period	3,486,384	2,358,292
Balance, end of period	2,897,271	2,885,901
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	138,823	88,438
Liability settled with shares of common stock	6,272	6,720
Accounts and construction payables related to property and equipment	57,463	127,895
Other liabilities related to intangible assets	13,748	13,853
Finance lease liabilities arising from obtaining finance lease assets	$ 7,423	$ 0

Organization

Organization	3 Months Ended
	Mar. 31, 2021
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. In October 2020, Wynn Interactive Ltd. ("Wynn Interactive") was formed through the merger of the Company's U.S. online sports betting and gaming business, social casino business, and Wynn Resorts' strategic partner, BetBull Limited ("BetBull"). Following the merger and subsequent transactions, Wynn Resorts holds an approximately 74% interest in, and consolidates, Wynn Interactive. The results of its operations are presented within Corporate and other in the accompanying condensed consolidated financial statements, except where otherwise noted. Recent Developments Related to COVID-19 Since the outbreak of COVID-19 in early 2020, 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. As part of the immediate response to the initial outbreak of COVID-19, each of the Company's properties was subject to partial or full closure for varying lengths of time during 2020, and have all since reopened with certain COVID-19 specific protective measures, 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. Several vaccines have been granted authorization in numerous countries and are being rolled out to citizens based on availability and priority of need. There can be no assurance as to when a sufficient number of individuals will be vaccinated, permitting travel restrictions to be fully lifted. Macau Operations Visitation to Macau has fallen significantly since the outbreak of COVID-19, driven by the strong deterrent effect of the COVID-19 pandemic on travel and social activities, quarantine measures in Macau and elsewhere, travel and entry restrictions and conditions in Macau, the PRC, Hong Kong and Taiwan involving COVID-19 testing, among other things, and the suspension or reduced accessibility of transportation to and from Macau. Beginning in June 2020 certain restrictions and conditions have eased to allow for visitation to Macau as certain regions recover from the COVID-19 pandemic. Quarantine-free travel, subject to COVID-19 safeguards such as testing and the usual visa requirements, has been reintroduced between Macau and most areas and cities within the PRC, and in September 2020, PRC authorities fully resumed the IVS exit visa program, which permits individual PRC citizens from nearly 50 PRC cities to travel to Macau for tourism purposes. Las Vegas Operations and Encore Boston Harbor The Company’s Las Vegas Operations and Encore Boston Harbor have each implemented certain COVID-19 specific protective measures, 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. On April 8, 2021, Encore at Wynn Las Vegas resumed full operations, having previously adjusted its operating schedule to five days/four nights each week due to reduced customer demand levels beginning on October 19, 2020. On April 13, 2021, the Governor of Nevada announced that the statewide social distancing mandate will be removed and decisions on social distancing will be returned to local authority by May 1, with a goal to have all Nevada counties open to 100% capacity by June 1. The Nevada Gaming Control Board will continue to maintain authority over gaming areas of licensed properties in Nevada. On May 3, 2021, the Gaming Control Board announced that, effective immediately, the Company's Las Vegas Operations are permitted to reopen all gaming areas to 100% of capacity, with no continuing table game or slot machine spacing restrictions. At Encore Boston Harbor, on January 25, 2021, limitations on operating hours that had been in place since November 2020 were lifted, and the property restored certain operations and reopened its hotel tower on a Thursday through Sunday weekly schedule. On April 27, 2021, the Governor of Massachusetts announced a phased plan for further reopening and increased capacity over the next several months. Effective August 1, 2021, subject to public health and vaccination data, all industry restrictions will be lifted and capacity limits will increase to 100%. Summary The COVID-19 pandemic has had and will continue to have an adverse effect on the Company's results of operations. Notwithstanding the easing of certain COVID-19 protective measures by authorities throughout the world, certain travel restrictions, quarantine measures, testing requirements, and capacity limitations remain in effect, and the Company is currently unable to determine when protective measures and the suspension of certain offerings 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 March 31, 2021, the Company had total cash and cash equivalents, excluding restricted cash, of $2.89 billion, and had access to $833.9 million of available borrowing capacity from the WRF Revolving Facility and $293.0 million of available borrowing capacity from the Wynn Macau Revolving Facility. The Company has suspended its dividend program. Given the Company's liquidity position at March 31, 2021, 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	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 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, 2020. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 16, "Retail Joint Venture." 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 taking into consideration the amount owed, the age of the account, the customer's financial condition, management's experience with historical and current collection trends, current economic and business conditions, and management's expectations of future economic and business conditions and forecasts. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received. 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 $212.0 million and $254.0 million for the three months ended March 31, 2021 and 2020, respectively. Recently Issued Accounting Standards

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	3 Months Ended
	Mar. 31, 2021
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): March 31, December 31, Cash and cash equivalents: Cash (1) $ 2,476,330 $ 2,501,452 Cash equivalents (2) 414,077 980,580 Total cash and cash equivalents 2,890,407 3,482,032 Restricted cash (3) 6,864 4,352 Total cash, cash equivalents and restricted cash $ 2,897,271 $ 3,486,384 (1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds. (3) Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in a trust in accordance with WML's share award plan.

Receivables, net

Receivables, net	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Receivables, net	Receivables, net Accounts Receivable and Credit Risk Receivables, net consisted of the following (in thousands): March 31, December 31, Casino $ 232,763 $ 207,823 Hotel 7,312 7,075 Other 77,674 85,589 317,749 300,487 Less: allowance for credit losses (102,412) (100,329) $ 215,337 $ 200,158 As of March 31, 2021 and December 31, 2020, approximately 75.8% and 77.3%, respectively, of the Company's markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in the countries in which the Company's customers reside could affect the collectability of such receivables. The Company’s allowance for casino credit losses was 43.0% and 47.2% of gross casino receivables as of March 31, 2021 and December 31, 2020, respectively. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowance for credit losses from its hotel and other receivables is not material. The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the period (in thousands): March 31, March 31, Balance at beginning of year $ 100,329 $ 39,317 Provision for credit losses 7,367 20,613 Write-offs (5,653) (70) Recoveries of receivables previously written off 501 — Effect of exchange rate (132) 111 Balance at end of period $ 102,412 $ 59,971

Property and Equipment, net

Property and Equipment, net	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following (in thousands): March 31, December 31, Buildings and improvements $ 9,747,927 $ 9,758,846 Land and improvements 1,265,598 1,265,510 Furniture, fixtures and equipment 3,107,077 3,093,481 Airplanes 110,623 110,623 Construction in progress 155,586 136,390 14,386,811 14,364,850 Less: accumulated depreciation (5,336,633) (5,168,206) $ 9,050,178 $ 9,196,644 As of March 31, 2021 and December 31, 2020, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following table shows the movement in the Company's goodwill balance that occurred during the three-month period (in thousands): March 31, Balance at beginning of period $ 144,095 Acquisitions — Foreign currency translation 1,312 Balance at end of period $ 145,407

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): March 31, December 31, Macau Related: Wynn Macau Credit Facilities (1) : Wynn Macau Term Loan, due 2022 (2) $ 828,460 $ 1,268,106 Wynn Macau Revolver, due 2022 (3) 457,005 407,443 WML 4 7/8% Senior Notes, due 2024 600,000 600,000 WML 5 1/2% Senior Notes, due 2026 1,000,000 1,000,000 WML 5 1/2% Senior Notes, due 2027 750,000 750,000 WML 5 5/8% Senior Notes, due 2028 1,350,000 1,350,000 WML 5 1/8% Senior Notes, due 2029 1,000,000 1,000,000 U.S. and Corporate Related: WRF Credit Facilities (4) : WRF Term Loan, due 2024 925,000 937,500 WRF Revolver, due 2024 — 716,000 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 7 3/4% Senior Notes, due 2025 600,000 600,000 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 Retail Term Loan, due 2025 (5) 615,000 615,000 12,035,465 13,154,049 Less: Unamortized debt issuance costs and original issue discounts and premium, net (81,831) (88,279) 11,953,634 13,065,770 Less: Current portion of long-term debt (198,465) (596,408) Total long-term debt, net of current portion $ 11,755,169 $ 12,469,362 (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) Approximately $469.2 million and $359.3 million of the Wynn Macau Term Loan bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of March 31, 2021, the weighted average interest rate was approximately 2.37%. In January 2021, the Company prepaid $412.5 million of the Wynn Macau Term Loan. (3) Approximately $260.2 million and $196.8 million of the Wynn Macau Revolver bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of March 31, 2021, the weighted average interest rate was approximately 2.38%. As of March 31, 2021, the available borrowing capacity under the Wynn Macau Revolver was $293.0 million. (4) The WRF Credit Facilities bear interest at a rate of LIBOR plus 1.75% per year. As of March 31, 2021, the weighted average interest rate was approximately 1.86%. Additionally, as of March 31, 2021, the available borrowing capacity under the WRF Revolver was $833.9 million, net of $16.1 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 March 31, 2021, the effective interest rate was 2.70%. Debt Covenant Compliance As of March 31, 2021, management believes the Company was in compliance with all debt covenants.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity (Deficit) Equity Offering On February 11, 2021, the Company completed a registered public offering of 7,475,000 newly issued shares of its common stock, par value $0.01 per share, at a price of $115.00 per share for proceeds of $841.9 million, net of $17.7 million in underwriting discounts, commissions, and other expenses. The Company used $716.0 million of the proceeds from the equity offering to repay the outstanding borrowings under the WRF Revolver, and intends to use the remaining net proceeds for general corporate purposes. 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. Noncontrolling Interests The WML board of directors concluded not to recommend the payment of a dividend with respect to either of the years ended December 31, 2020 or 2019 due to the financial impact of the COVID-19 pandemic. As such, WML paid no dividends during 2020 or the three months ended March 31, 2021. During the three months ended March 31, 2021, the Retail Joint Venture did not make any distribution to its non-controlling interest holder. During the three months ended March 31, 2020, the Retail Joint Venture made aggregate distributions of approximately $1.0 million to its non-controlling interest holder. For more information on the Retail Joint Venture, see Note 16, "Retail Joint Venture".

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
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: March 31, Quoted Other Unobservable Assets: Cash equivalents $ 414,077 $ 50,000 $ 364,077 — Restricted cash $ 6,864 $ 4,867 $ 1,997 — Liabilities: Interest rate collar $ 12,499 — $ 12,499 — Fair Value Measurements Using: December 31, Quoted Other Unobservable Assets: Cash equivalents $ 980,580 $ 504,980 $ 475,600 — Restricted cash $ 4,352 $ 2,054 $ 2,298 — Liabilities: Interest rate collar $ 16,908 — $ 16,908 —

Customer Contract Liabilities

Customer Contract Liabilities	3 Months Ended
	Mar. 31, 2021
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): March 31, 2021 December 31, 2020 Increase (decrease) March 31, 2020 December 31, 2019 Increase (decrease) Casino outstanding chips and front money deposits (1) $ 461,343 $ 596,463 $ (135,120) $ 857,233 $ 769,053 $ 88,180 Advance room deposits and ticket sales (2) 40,062 29,224 10,838 29,293 49,834 (20,541) Other gaming-related liabilities (3) 9,608 7,882 1,726 5,485 13,970 (8,485) Loyalty program and related liabilities (4) 24,967 22,736 2,231 20,397 21,148 (751) $ 535,980 $ 656,305 $ (120,325) $ 912,408 $ 854,005 $ 58,403 (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	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 2020 Casino (1) $ 3,891 $ (896) Rooms 506 349 Food and beverage 1,150 637 Entertainment, retail and other 4,300 73 General and administrative 14,499 9,201 Total stock-based compensation expense 24,346 9,364 Total stock-based compensation capitalized 905 217 Total stock-based compensation costs $ 25,251 $ 9,581 (1) For the three months ended March 31, 2020, reflects the reversal of $3.3 million of compensation cost previously recognized for awards forfeited in connection with the departure of an employee.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded an income tax expense of $0.5 million and $75.8 million for the three months ended March 31, 2021 and 2020, respectively. The 2021 income tax expense primarily related to the Macau dividend tax agreement that provides for an annual payment of MOP 12.8 million (approximately $1.6 million) as complementary tax otherwise due by stockholders of Wynn Macau SA. The 2020 income tax expense primarily related to the increase in the valuation allowance for U.S. foreign tax credits. In March 2021, the Company received an extension of its Macau dividend tax agreement, providing for a payment of MOP 12.8 million (approximately $1.6 million) for 2021 and MOP 6.3 million (approximately $0.8 million) for the period ending June 26, 2022, the expiration date of the gaming concession agreement. The Company records valuation allowances on certain of its U.S. and foreign deferred tax assets. During the third quarter of 2020, the Company concluded it could no longer rely on forecasted future taxable income in assessing a valuation allowance on its deferred tax assets. This conclusion was reached due to cumulative operating losses incurred by the Company and tax legislation that reduced future sources of taxable income. As of March 31, 2021, the Company continues to rely solely on the reversal of net taxable temporary differences in assessing a need for a valuation allowance. In April 2020, Wynn Macau SA received an extension of the exemption from Macau’s 12% Complementary Tax on casino gaming profits earned from January 1, 2021 to June 26, 2022, the expiration date of the gaming concession agreement. For the three months ended March 31, 2021 and 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	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per ShareBasic earnings per share ("EPS") is computed by dividing net loss attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net loss 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, to the extent such impact is not anti-dilutive. Potentially dilutive securities include outstanding stock options and unvested restricted stock. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): Three Months Ended March 31, 2021 2020 Numerator: Net loss attributable to Wynn Resorts, Limited $ (280,978) $ (402,037) Denominator: Weighted average common shares outstanding 111,020 106,663 Potential dilutive effect of stock options, nonvested, and performance nonvested shares — — Weighted average common and common equivalent shares outstanding 111,020 106,663 Net loss attributable to Wynn Resorts, Limited per common share, basic $ (2.53) $ (3.77) Net loss attributable to Wynn Resorts, Limited per common share, diluted $ (2.53) $ (3.77) Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 1,235 1,209

Leases

Leases	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 2020 Minimum rental income $ 22,738 $ 31,650 Contingent rental income 26,006 6,679 Total rental income $ 48,744 $ 38,329

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
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 for procedural error. 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 is not a party to and is not named in the Revere Action. Derivative Litigation A number of stockholder derivative actions were 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 alleged, 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. 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 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. This case was consolidated in September 2019 into 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 the Nevada Supreme Court’s dismissal of the only appeal, the settlement agreement became effective and final. Following the dismissal, the Company received net proceeds of $30.2 million, which has been recognized as a reduction of general and administrative expense within the Condensed Consolidated Statements of Operations for the nine months ended September 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 similar 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 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. On January 12, 2021, the court granted the Company’s motion for summary judgment of this action and denied the stockholder’s request to vacate the parties' stipulation to dismiss the Federal Derivative Case. On February 11, 2021, the stockholder filed a notice of appeal to the United States Court of Appeals for the Ninth Circuit. Each of the actions sought to recover for the Company unspecified damages, including restitution and disgorgement of profits, and also sought to recover attorneys' fees, costs and related expenses for the plaintiff. 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. On August 14, 2020, the Company filed a motion to dismiss the amended complaint, which is pending decision from the court. 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 From time to time, the Company receives regulatory inquiries about compliance with anti-money laundering laws. The Company received requests for information from the U.S. Attorney’s Office for the Southern District of California relating to its anti-money laundering policies and procedures, and in the first half of 2020, received two grand jury subpoenas regarding various transactions at Wynn Las Vegas relating to certain patrons and agents who reside or operate in foreign jurisdictions. The Company continues to cooperate with the U.S. Attorney’s Office in its investigation, which remains ongoing. Because no charges or claims have been brought, the Company is unable to predict the outcome of the investigation, the extent of the materiality of the outcome, or reasonably estimate the possible range of loss, if any, which could be associated with the resolution of any possible charges or claims that may be brought against the Company.

Retail Joint Venture

Retail Joint Venture	3 Months Ended
	Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint VentureAs of March 31, 2021 and December 31, 2020, the Retail Joint Venture had total assets of $103.9 million and $96.3 million, respectively, and total liabilities of $629.7 million and $633.5 million, respectively. As of March 31, 2021 and December 31, 2020, the Retail Joint Venture's liabilities included long-term debt of $612.5 million and $612.3 million, respectively, net of debt issuance costs, related to the outstanding borrowings under the Retail Term Loan.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
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. Other Macau primarily represents the assets for the Company's Macau holding company. 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"). Encore Boston Harbor is presented as one reportable segment. The following tables present the Company's segment information (in thousands): Three Months Ended March 31, 2021 2020 Operating revenues Macau Operations: Wynn Palace Casino $ 185,909 $ 207,576 Rooms 17,012 19,710 Food and beverage 11,672 13,298 Entertainment, retail and other (1) 22,733 18,929 237,326 259,513 Wynn Macau Casino 138,927 190,128 Rooms 14,702 15,911 Food and beverage 7,433 9,531 Entertainment, retail and other (1) 18,589 13,919 179,651 229,489 Total Macau Operations 416,977 489,002 Las Vegas Operations: Casino 79,903 71,295 Rooms 39,761 106,105 Food and beverage 40,077 105,979 Entertainment, retail and other (1) 18,975 40,445 Total Las Vegas Operations 178,716 323,824 Encore Boston Harbor: Casino 111,479 101,790 Rooms 4,715 10,955 Food and beverage 9,327 20,606 Entertainment, retail and other (1) 4,569 7,539 Total Encore Boston Harbor 130,090 140,890 Total operating revenues $ 725,783 $ 953,716 Three Months Ended March 31, 2021 2020 Adjusted Property EBITDA (2) Macau Operations: Wynn Palace $ 27,369 $ 10,176 Wynn Macau 16,556 19,208 Total Macau Operations 43,925 29,384 Las Vegas Operations (3) 28,081 (22,077) Encore Boston Harbor (4) 30,363 (12,636) Corporate and other (43,469) — Total 58,900 (5,329) Other operating expenses Pre-opening 1,627 2,551 Depreciation and amortization 185,121 178,746 Property charges and other 5,617 27,229 Corporate expenses and other 17,921 24,192 Stock-based compensation 24,346 9,364 Total other operating expenses 234,632 242,082 Operating loss (175,732) (247,411) Other non-operating income and expenses Interest income 904 7,953 Interest expense, net of amounts capitalized (152,852) (128,827) Change in derivatives fair value 4,409 (15,660) Loss on extinguishment of debt (1,322) (843) Other (11,093) 10,335 Total other non-operating income and expenses (159,954) (127,042) Loss before income taxes (335,686) (374,453) Provision for income taxes (493) (75,800) Net loss (336,179) (450,253) Net loss attributable to noncontrolling interests 55,201 48,216 Net loss attributable to Wynn Resorts, Limited $ (280,978) $ (402,037) (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 14, "Leases". (2) "Adjusted Property EBITDA" is net 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, meeting and convention, 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 March 31, 2020, includes $56.4 million of expense accrued during the quarter related to the Company's commitment to pay salary, tips, and benefits continuation for all of its U.S. employees for the period from April 1 through May 15, 2020. (4) For the three months ended March 31, 2020, includes $19.3 million of expense accrued during the quarter related to the Company's commitment to pay salary, tips, and benefits continuation for all of its U.S. employees for the period from April 1 through May 15, 2020. March 31, December 31, Assets Macau Operations: Wynn Palace $ 3,310,394 $ 3,393,790 Wynn Macau 1,054,456 1,202,709 Other Macau 1,537,208 2,026,098 Total Macau Operations 5,902,058 6,622,597 Las Vegas Operations 2,993,182 2,992,870 Encore Boston Harbor 2,276,657 2,300,016 Corporate and other 1,995,014 1,954,064 Total $ 13,166,911 $ 13,869,547

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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 16, "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. 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 taking into consideration the amount owed, the age of the account, the customer's financial condition, management's experience with historical and current collection trends, current economic and business conditions, and management's expectations of future economic and business conditions and forecasts. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received.
Recently Issued and Adopted Accounting Standards	Recently Issued Accounting StandardsIn March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04"). ASU 2020-04 provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates and, particularly, the risk of cessation of the London Interbank Offered Rate (referred to as "LIBOR"), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction-based and less susceptible to manipulation. ASU 2020-04 also provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. ASU 2020-04 can be adopted no later than December 1, 2022 with early adoption permitted. The Company is currently assessing the impact the adoption of the new guidance will have on its consolidated financial statements.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2021
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): March 31, December 31, Cash and cash equivalents: Cash (1) $ 2,476,330 $ 2,501,452 Cash equivalents (2) 414,077 980,580 Total cash and cash equivalents 2,890,407 3,482,032 Restricted cash (3) 6,864 4,352 Total cash, cash equivalents and restricted cash $ 2,897,271 $ 3,486,384 (1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds. (3) Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in a trust in accordance with WML's share award plan.
Schedule of Restricted Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): March 31, December 31, Cash and cash equivalents: Cash (1) $ 2,476,330 $ 2,501,452 Cash equivalents (2) 414,077 980,580 Total cash and cash equivalents 2,890,407 3,482,032 Restricted cash (3) 6,864 4,352 Total cash, cash equivalents and restricted cash $ 2,897,271 $ 3,486,384 (1) Cash consists of cash on hand and bank deposits. (2) Cash equivalents consist of bank time deposits and money market funds. (3) Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in a trust in accordance with WML's share award plan.

Receivables, net (Tables)

Receivables, net (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Schedule of Receivables, net	Receivables, net consisted of the following (in thousands): March 31, December 31, Casino $ 232,763 $ 207,823 Hotel 7,312 7,075 Other 77,674 85,589 317,749 300,487 Less: allowance for credit losses (102,412) (100,329) $ 215,337 $ 200,158 The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the period (in thousands): March 31, March 31, Balance at beginning of year $ 100,329 $ 39,317 Provision for credit losses 7,367 20,613 Write-offs (5,653) (70) Recoveries of receivables previously written off 501 — Effect of exchange rate (132) 111 Balance at end of period $ 102,412 $ 59,971

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): March 31, December 31, Buildings and improvements $ 9,747,927 $ 9,758,846 Land and improvements 1,265,598 1,265,510 Furniture, fixtures and equipment 3,107,077 3,093,481 Airplanes 110,623 110,623 Construction in progress 155,586 136,390 14,386,811 14,364,850 Less: accumulated depreciation (5,336,633) (5,168,206) $ 9,050,178 $ 9,196,644

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table shows the movement in the Company's goodwill balance that occurred during the three-month period (in thousands): March 31, Balance at beginning of period $ 144,095 Acquisitions — Foreign currency translation 1,312 Balance at end of period $ 145,407

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following (in thousands): March 31, December 31, Macau Related: Wynn Macau Credit Facilities (1) : Wynn Macau Term Loan, due 2022 (2) $ 828,460 $ 1,268,106 Wynn Macau Revolver, due 2022 (3) 457,005 407,443 WML 4 7/8% Senior Notes, due 2024 600,000 600,000 WML 5 1/2% Senior Notes, due 2026 1,000,000 1,000,000 WML 5 1/2% Senior Notes, due 2027 750,000 750,000 WML 5 5/8% Senior Notes, due 2028 1,350,000 1,350,000 WML 5 1/8% Senior Notes, due 2029 1,000,000 1,000,000 U.S. and Corporate Related: WRF Credit Facilities (4) : WRF Term Loan, due 2024 925,000 937,500 WRF Revolver, due 2024 — 716,000 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 7 3/4% Senior Notes, due 2025 600,000 600,000 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 Retail Term Loan, due 2025 (5) 615,000 615,000 12,035,465 13,154,049 Less: Unamortized debt issuance costs and original issue discounts and premium, net (81,831) (88,279) 11,953,634 13,065,770 Less: Current portion of long-term debt (198,465) (596,408) Total long-term debt, net of current portion $ 11,755,169 $ 12,469,362 (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) Approximately $469.2 million and $359.3 million of the Wynn Macau Term Loan bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of March 31, 2021, the weighted average interest rate was approximately 2.37%. In January 2021, the Company prepaid $412.5 million of the Wynn Macau Term Loan. (3) Approximately $260.2 million and $196.8 million of the Wynn Macau Revolver bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of March 31, 2021, the weighted average interest rate was approximately 2.38%. As of March 31, 2021, the available borrowing capacity under the Wynn Macau Revolver was $293.0 million. (4) The WRF Credit Facilities bear interest at a rate of LIBOR plus 1.75% per year. As of March 31, 2021, the weighted average interest rate was approximately 1.86%. Additionally, as of March 31, 2021, the available borrowing capacity under the WRF Revolver was $833.9 million, net of $16.1 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 March 31, 2021, the effective interest rate was 2.70%.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Carried at Fair Value	The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: March 31, Quoted Other Unobservable Assets: Cash equivalents $ 414,077 $ 50,000 $ 364,077 — Restricted cash $ 6,864 $ 4,867 $ 1,997 — Liabilities: Interest rate collar $ 12,499 — $ 12,499 — Fair Value Measurements Using: December 31, Quoted Other Unobservable Assets: Cash equivalents $ 980,580 $ 504,980 $ 475,600 — Restricted cash $ 4,352 $ 2,054 $ 2,298 — Liabilities: Interest rate collar $ 16,908 — $ 16,908 —

Customer Contract Liabilities (

Customer Contract Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue Recognition [Abstract]
Schedule of Customer Contract Liabilities	The Company's primary liabilities associated with customer contracts are as follows (in thousands): March 31, 2021 December 31, 2020 Increase (decrease) March 31, 2020 December 31, 2019 Increase (decrease) Casino outstanding chips and front money deposits (1) $ 461,343 $ 596,463 $ (135,120) $ 857,233 $ 769,053 $ 88,180 Advance room deposits and ticket sales (2) 40,062 29,224 10,838 29,293 49,834 (20,541) Other gaming-related liabilities (3) 9,608 7,882 1,726 5,485 13,970 (8,485) Loyalty program and related liabilities (4) 24,967 22,736 2,231 20,397 21,148 (751) $ 535,980 $ 656,305 $ (120,325) $ 912,408 $ 854,005 $ 58,403 (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)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Share Based Compensation Allocated Costs	The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended March 31, 2021 2020 Casino (1) $ 3,891 $ (896) Rooms 506 349 Food and beverage 1,150 637 Entertainment, retail and other 4,300 73 General and administrative 14,499 9,201 Total stock-based compensation expense 24,346 9,364 Total stock-based compensation capitalized 905 217 Total stock-based compensation costs $ 25,251 $ 9,581 (1) For the three months ended March 31, 2020, reflects the reversal of $3.3 million of compensation cost previously recognized for awards forfeited in connection with the departure of an employee.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Shares used in Calculation of Earnings Per Share	The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): Three Months Ended March 31, 2021 2020 Numerator: Net loss attributable to Wynn Resorts, Limited $ (280,978) $ (402,037) Denominator: Weighted average common shares outstanding 111,020 106,663 Potential dilutive effect of stock options, nonvested, and performance nonvested shares — — Weighted average common and common equivalent shares outstanding 111,020 106,663 Net loss attributable to Wynn Resorts, Limited per common share, basic $ (2.53) $ (3.77) Net loss attributable to Wynn Resorts, Limited per common share, diluted $ (2.53) $ (3.77) Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 1,235 1,209

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Schedule of Minimum and Contingent Operating Lease Income	The following table presents the minimum and contingent operating lease income for the periods presented (in thousands): Three Months Ended March 31, 2021 2020 Minimum rental income $ 22,738 $ 31,650 Contingent rental income 26,006 6,679 Total rental income $ 48,744 $ 38,329

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Summary of Operations by Segment	The following tables present the Company's segment information (in thousands): Three Months Ended March 31, 2021 2020 Operating revenues Macau Operations: Wynn Palace Casino $ 185,909 $ 207,576 Rooms 17,012 19,710 Food and beverage 11,672 13,298 Entertainment, retail and other (1) 22,733 18,929 237,326 259,513 Wynn Macau Casino 138,927 190,128 Rooms 14,702 15,911 Food and beverage 7,433 9,531 Entertainment, retail and other (1) 18,589 13,919 179,651 229,489 Total Macau Operations 416,977 489,002 Las Vegas Operations: Casino 79,903 71,295 Rooms 39,761 106,105 Food and beverage 40,077 105,979 Entertainment, retail and other (1) 18,975 40,445 Total Las Vegas Operations 178,716 323,824 Encore Boston Harbor: Casino 111,479 101,790 Rooms 4,715 10,955 Food and beverage 9,327 20,606 Entertainment, retail and other (1) 4,569 7,539 Total Encore Boston Harbor 130,090 140,890 Total operating revenues $ 725,783 $ 953,716 Three Months Ended March 31, 2021 2020 Adjusted Property EBITDA (2) Macau Operations: Wynn Palace $ 27,369 $ 10,176 Wynn Macau 16,556 19,208 Total Macau Operations 43,925 29,384 Las Vegas Operations (3) 28,081 (22,077) Encore Boston Harbor (4) 30,363 (12,636) Corporate and other (43,469) — Total 58,900 (5,329) Other operating expenses Pre-opening 1,627 2,551 Depreciation and amortization 185,121 178,746 Property charges and other 5,617 27,229 Corporate expenses and other 17,921 24,192 Stock-based compensation 24,346 9,364 Total other operating expenses 234,632 242,082 Operating loss (175,732) (247,411) Other non-operating income and expenses Interest income 904 7,953 Interest expense, net of amounts capitalized (152,852) (128,827) Change in derivatives fair value 4,409 (15,660) Loss on extinguishment of debt (1,322) (843) Other (11,093) 10,335 Total other non-operating income and expenses (159,954) (127,042) Loss before income taxes (335,686) (374,453) Provision for income taxes (493) (75,800) Net loss (336,179) (450,253) Net loss attributable to noncontrolling interests 55,201 48,216 Net loss attributable to Wynn Resorts, Limited $ (280,978) $ (402,037) (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 14, "Leases". (2) "Adjusted Property EBITDA" is net 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, meeting and convention, 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 March 31, 2020, includes $56.4 million of expense accrued during the quarter related to the Company's commitment to pay salary, tips, and benefits continuation for all of its U.S. employees for the period from April 1 through May 15, 2020. (4) For the three months ended March 31, 2020, includes $19.3 million of expense accrued during the quarter related to the Company's commitment to pay salary, tips, and benefits continuation for all of its U.S. employees for the period from April 1 through May 15, 2020.
Summary of Assets by Segment	March 31, December 31, Assets Macau Operations: Wynn Palace $ 3,310,394 $ 3,393,790 Wynn Macau 1,054,456 1,202,709 Other Macau 1,537,208 2,026,098 Total Macau Operations 5,902,058 6,622,597 Las Vegas Operations 2,993,182 2,992,870 Encore Boston Harbor 2,276,657 2,300,016 Corporate and other 1,995,014 1,954,064 Total $ 13,166,911 $ 13,869,547

Organization - Additional Infor

Organization - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Organization and Basis of Presentation [Line Items]
Cash and cash equivalents	$ 2,890,407	$ 3,482,032
WRF Revolver, due 2024 | Senior Secured Revolving Credit Facility | WRF
Organization and Basis of Presentation [Line Items]
Available borrowing capacity	833,900
Wynn Macau Revolver, due 2022 | Senior Secured Revolving Credit Facility | Wynn Macau
Organization and Basis of Presentation [Line Items]
Available borrowing capacity	$ 293,000
Wynn Palace and Wynn Macau
Organization and Basis of Presentation [Line Items]
Percentage of ownership	72.00%
Wynn Las Vegas
Organization and Basis of Presentation [Line Items]
Percentage of ownership	100.00%
Retail Joint Venture
Organization and Basis of Presentation [Line Items]
Percentage of ownership	50.10%
Wynn Interactive
Organization and Basis of Presentation [Line Items]
Economic interest held following merger	74.00%

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accounting Policies [Abstract]
Gaming tax expenses	$ 212	$ 254

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash	$ 2,476,330	$ 2,501,452
Cash equivalents	414,077	980,580
Total cash and cash equivalents	2,890,407	3,482,032
Restricted cash	6,864	4,352
Total cash, cash equivalents and restricted cash	$ 2,897,271	$ 3,486,384	$ 2,885,901	$ 2,358,292

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 317,749	$ 300,487
Less: allowance for credit losses	(102,412)	(100,329)
Receivables, net	$ 215,337	$ 200,158
Geographic Concentration Risk | Receivables | Outside the United States, primarily Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of markers due from customers	75.80%	77.30%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 232,763	$ 207,823
Allowance for credit losses, percent of gross casino receivables	43.00%	47.20%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 7,312	$ 7,075
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 77,674	$ 85,589

Receivables, net - Schedule of

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 100,329	$ 39,317
Provision for credit losses	7,367	20,613
Write-offs	(5,653)	(70)
Recoveries of receivables previously written off	501	0
Effect of exchange rate	(132)	111
Balance at end of period	$ 102,412	$ 59,971

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 9,747,927		$ 9,758,846
Land and improvements	1,265,598		1,265,510
Furniture, fixtures and equipment	3,107,077		3,093,481
Airplanes	110,623		110,623
Construction in progress	155,586		136,390
Property and equipment, gross	14,386,811		14,364,850
Less: accumulated depreciation	(5,336,633)		(5,168,206)
Property and equipment, net	9,050,178		$ 9,196,644
Depreciation expense	$ 177,700	$ 172,300

Goodwill (Details)

Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 144,095
Acquisitions	0
Foreign currency translation	1,312
Balance at end of period	$ 145,407

Goodwill - Narrative (Details)

Goodwill - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill recognized in connection with acquisition	$ 0
Betbull Transaction
Goodwill [Line Items]
Goodwill recognized in connection with acquisition		$ 121,000

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Aug. 26, 2020	Jun. 19, 2020	Apr. 14, 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 12,035,465	$ 13,154,049
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(81,831)	(88,279)
Long-term debt total	11,953,634	13,065,770
Less: Current portion of long-term debt	(198,465)	(596,408)
Total long-term debt, net of current portion	11,755,169	12,469,362
Wynn Macau | Wynn Macau Term Loan, due 2022 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	828,460	1,268,106
Wynn Macau | Wynn Macau Revolver, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	457,005	407,443
WML | WML 4 7/8% Senior Notes, due 2024 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	600,000
Stated interest rate	4.875%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000	1,000,000
Stated interest rate	5.50%		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 5/8% Senior Notes, due 2028 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,350,000	1,350,000
Stated interest rate	5.125%
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	5.625%		5.625%
WRF | WRF Term Loan, due 2024 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 925,000	937,500
WRF | WRF Revolver, due 2024 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	0	716,000
WRF | WRF 7 3/4% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	600,000
Stated interest rate	5.125%
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	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	1 Months Ended	3 Months Ended
	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross		$ 12,035,465	$ 13,154,049
Wynn Macau | Senior Term Loan Facility, due 2022 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 828,460	1,268,106
Interest rate during period		2.37%
Prepayment of debt	$ 412,500
Wynn Macau | Senior Revolving Credit Facility, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 457,005	407,443
Interest rate during period		2.38%
Available borrowing capacity		$ 293,000
WRF | WRF Credit Facilities
Debt Instrument [Line Items]
Interest rate during period		1.86%
WRF | WRF Revolver, due 2024 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 0	716,000
Available borrowing capacity		833,900
Outstanding letters of credit		16,100
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		2.70%
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		2.25%
Long-term debt, gross		$ 469,200
LIBOR | Wynn Macau | Senior Revolving Credit Facility, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate		2.25%
Long-term debt, gross		$ 260,200
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		2.25%
Long-term debt, gross		$ 359,300
HIBOR | Wynn Macau | Senior Revolving Credit Facility, due 2022 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate		2.25%
Long-term debt, gross		$ 196,800

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Aug. 26, 2020	Jun. 19, 2020	Apr. 14, 2020
Debt Instrument [Line Items]
Payment of related fees and expenses	$ 2,154	$ 1,919
Fair value, excluding the redemption note	12,310,000		$ 13,350,000
Long-term debt excluding the Redemption Note	$ 12,040,000		$ 13,150,000
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.50%			5.50%	5.50%
WML | WML 5 1/8% Senior Notes, due 2029 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.625%			5.625%
WRF | WRF 7 3/4% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.125%
WRF | WRF 5 1/8% Senior Notes, due 2029 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate	7.75%					7.75%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Feb. 11, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Common stock, par value (usd per share)		$ 0.01		$ 0.01
Underwriter discounts, commissions, and other expenses		$ 17,700,000
Dividends and Noncontrolling Interest [Line Items]
Cash dividend paid (usd per share)			$ 1
Cash dividends		(90,000)	$ 107,501,000
Decrease from distributions to noncontrolling interest			998,000
WRF Revolver, due 2024 | Senior Secured Revolving Credit Facility | WRF
Subsidiary, Sale of Stock [Line Items]
Repayment on credit facility	$ 716,000,000
Subsidiaries | WML
Dividends and Noncontrolling Interest [Line Items]
Cash dividends		0		$ 0
Public Stock Offering
Subsidiary, Sale of Stock [Line Items]
Newly issued shares of common stock in registered public offering (shares)	7,475,000
Common stock, par value (usd per share)	$ 0.01
Price per share (usd per share)	$ 115
Proceeds	$ 841,900,000
Underwriter discounts, commissions, and other expenses	$ 17,700,000
Retained earnings (Accumulated deficit)
Dividends and Noncontrolling Interest [Line Items]
Cash dividends declared, recorded as reduction of retained earnings			107,500,000
Cash dividends		(81,000)	107,515,000
Noncontrolling interests
Dividends and Noncontrolling Interest [Line Items]
Cash dividends		(9,000)	(14,000)
Decrease from distributions to noncontrolling interest		$ 0	$ 998,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets:
Cash equivalents	$ 414,077	$ 980,580
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	414,077	980,580
Restricted cash	6,864	4,352
Liabilities:
Interest rate collar	12,499	16,908
Fair Value, Measurements, Recurring | Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	50,000	504,980
Restricted cash	4,867	2,054
Liabilities:
Interest rate collar	0	0
Fair Value, Measurements, Recurring | Other Observable Inputs (Level 2)
Assets:
Cash equivalents	364,077	475,600
Restricted cash	1,997	2,298
Liabilities:
Interest rate collar	12,499	16,908
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
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 461,343	$ 857,233	$ 596,463	$ 769,053
Change in outstanding chips and front money deposits	(135,120)	88,180
Advanced room deposits and ticket sales	40,062	29,293	29,224	49,834
Change in advanced room deposits and ticket sales	10,838	(20,541)
Other gaming related liabilities	9,608	5,485	7,882	13,970
Change in other gaming related liabilities	1,726	(8,485)
Loyalty program liabilities	24,967	20,397	22,736	21,148
Change in loyalty program liabilities	2,231	(751)
Total customer contract liabilities	535,980	912,408	$ 656,305	$ 854,005
Change in total customer contract liabilities	$ (120,325)	$ 58,403

Stock-Based Compensation - Shar

Stock-Based Compensation - Share Based Compensation Allocated Costs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 24,346	$ 9,364
Total stock-based compensation capitalized	905	217
Total stock-based compensation costs	25,251	9,581
Reversal of compensation cost previously recognized for awards forfeited in connection with departure of employee		3,300
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	3,891	(896)
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	506	349
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,150	637
Entertainment, retail and other
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	4,300	73
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 14,499	$ 9,201

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Thousands, MOP$ in Millions	1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Apr. 30, 2020	Mar. 31, 2021MOP (MOP$)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Jun. 26, 2022MOP (MOP$)	Jun. 26, 2022USD ($)	Dec. 31, 2021MOP (MOP$)	Dec. 31, 2021USD ($)
Income Tax Disclosure [Abstract]
Income tax expense (benefit)			$ 493	$ 75,800
Required annual payment, complimentary tax otherwise due by stockholders of Wynn Macau S.A.		MOP$ 12.8	$ 1,600
Income Taxes [Line Items]
Complementary tax rate	12.00%
Forecast
Income Taxes [Line Items]
Payment for dividend tax agreement					MOP$ 6.3	$ 800	MOP$ 12.8	$ 1,600

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
	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Net loss attributable to Wynn Resorts, Limited	$ (280,978)	$ (402,037)
Denominator:
Weighted average common shares outstanding (shares)	111,020	106,663
Potential dilutive effect of stock options and restricted stock (shares)	0	0
Weighted average common and common equivalent shares outstanding (shares)	111,020	106,663
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in usd per share)	$ (2.53)	$ (3.77)
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in usd per share)	$ (2.53)	$ (3.77)
Antidilutive securities excluded from computation of earnings per share (shares)	1,235	1,209

Leases - Minimum and Contingent

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Minimum rental income	$ 22,738	$ 31,650
Contingent rental income	26,006	6,679
Total rental income	$ 48,744	$ 38,329

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Derivative Litigation - Positive Outcome of Litigation - USD ($) $ in Millions	3 Months Ended	7 Months Ended
	Mar. 31, 2021	Sep. 30, 2020
Commitments and Contingencies [Line Items]
Net proceeds received from settlement agreement becoming effective and final		$ 30.2
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	$ 30.2

Retail Joint Venture - Addition

Retail Joint Venture - Additional information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Schedule of Variable Interest Entities [Line Items]
Assets	$ 13,166,911	$ 13,869,547
Liabilities	13,369,850	14,606,864
Long-term debt	11,953,634	13,065,770
Retail Joint Venture | Retail
Schedule of Variable Interest Entities [Line Items]
Assets	103,900	96,300
Liabilities	629,700	633,500
Long-term debt	$ 612,500	$ 612,300

Segment Information - Summary o

Segment Information - Summary of Results of Operations by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total operating revenues	$ 725,783	$ 953,716
Adjusted Property EBITDA	58,900	(5,329)
Other operating expenses
Pre-opening	1,627	2,551
Depreciation and amortization	185,121	178,746
Property charges and other	5,617	27,229
Corporate expenses and other	17,921	24,192
Stock-based compensation	24,346	9,364
Total other operating expenses	234,632	242,082
Operating loss	(175,732)	(247,411)
Other non-operating income and expenses
Interest income	904	7,953
Interest expense, net of amounts capitalized	(152,852)	(128,827)
Change in derivatives fair value	4,409	(15,660)
Loss on extinguishment of debt	(1,322)	(843)
Other	(11,093)	10,335
Total other non-operating income and expenses	(159,954)	(127,042)
Loss before income taxes	(335,686)	(374,453)
Provision for income taxes	(493)	(75,800)
Net loss	(336,179)	(450,253)
Net loss attributable to noncontrolling interests	55,201	48,216
Net loss attributable to Wynn Resorts, Limited	(280,978)	(402,037)
Derivative Litigation | Positive Outcome of Litigation | General and Administrative Expense
Other non-operating income and expenses
Net gain related to derivative litigation settlement	30,200
Operating Segments | Macau Operations
Segment Reporting Information [Line Items]
Total operating revenues	416,977	489,002
Adjusted Property EBITDA	43,925	29,384
Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	237,326	259,513
Adjusted Property EBITDA	27,369	10,176
Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	179,651	229,489
Adjusted Property EBITDA	16,556	19,208
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	178,716	323,824
Adjusted Property EBITDA	28,081	(22,077)
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	130,090	140,890
Adjusted Property EBITDA	30,363	(12,636)
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
Corporate and other
Segment Reporting Information [Line Items]
Adjusted Property EBITDA	(43,469)	0
Casino
Segment Reporting Information [Line Items]
Total operating revenues	516,218	570,789
Casino | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	185,909	207,576
Casino | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	138,927	190,128
Casino | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	79,903	71,295
Casino | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	111,479	101,790
Rooms
Segment Reporting Information [Line Items]
Total operating revenues	76,190	152,681
Rooms | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	17,012	19,710
Rooms | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	14,702	15,911
Rooms | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	39,761	106,105
Rooms | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	4,715	10,955
Food and beverage
Segment Reporting Information [Line Items]
Total operating revenues	68,509	149,414
Food and beverage | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	11,672	13,298
Food and beverage | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	7,433	9,531
Food and beverage | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	40,077	105,979
Food and beverage | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	9,327	20,606
Entertainment, retail and other
Segment Reporting Information [Line Items]
Total operating revenues	64,866	80,832
Entertainment, retail and other | Operating Segments | Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	22,733	18,929
Entertainment, retail and other | Operating Segments | Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	18,589	13,919
Entertainment, retail and other | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	18,975	40,445
Entertainment, retail and other | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	$ 4,569	$ 7,539

Segment Information - Summary_2

Segment Information - Summary of Assets by Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets	$ 13,166,911	$ 13,869,547
Corporate and other
Segment Reporting Information [Line Items]
Assets	1,995,014	1,954,064
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	2,993,182	2,992,870
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	2,276,657	2,300,016
Operating Segments | Macau
Segment Reporting Information [Line Items]
Assets	5,902,058	6,622,597
Operating Segments | Macau | Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,054,456	1,202,709
Operating Segments | Macau | Wynn Palace
Segment Reporting Information [Line Items]
Assets	3,310,394	3,393,790
Operating Segments | Macau | Other Macau
Segment Reporting Information [Line Items]
Assets	$ 1,537,208	$ 2,026,098