Wynn Resorts, Limited (WYNN) 10-Q 9 Aug 23 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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		113,936,334
Amendment Flag	false
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,653,966,000	$ 3,650,440,000
Restricted cash	3,904,000	4,819,000
Investment securities	288,201,000	0
Accounts receivable, net of allowance for credit losses of $57,261 and $78,842	229,794,000	216,033,000
Inventories	70,979,000	70,094,000
Prepaid expenses and other	104,920,000	88,201,000
Total current assets	4,351,764,000	4,029,587,000
Property and equipment, net	6,771,322,000	6,896,060,000
Restricted cash	89,927,000	127,731,000
Goodwill and intangible assets, net	444,807,000	245,253,000
Operating lease assets	1,838,054,000	1,853,164,000
Other assets	287,812,000	263,305,000
Total assets	13,783,686,000	13,415,100,000
Current liabilities:
Accounts and construction payables	178,486,000	197,474,000
Customer deposits	498,136,000	506,148,000
Gaming taxes payable	142,266,000	44,967,000
Accrued compensation and benefits	156,878,000	187,160,000
Accrued interest	148,377,000	135,630,000
Current portion of long-term debt	41,250,000	547,543,000
Other accrued liabilities	180,654,000	192,501,000
Total current liabilities	1,346,047,000	1,811,423,000
Long-term debt	12,101,477,000	11,569,316,000
Long-term operating lease liabilities	1,610,787,000	1,615,157,000
Other long-term liabilities	232,539,000	59,569,000
Total liabilities	15,290,850,000	15,055,465,000
Commitments and contingencies (Note 16)
Stockholders' deficit:
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding	0	0
Common stock, par value $0.01; 400,000,000 shares authorized; 132,948,390 and 132,256,185 shares issued; 113,942,935 and 113,369,439 shares outstanding, respectively	1,329,000	1,323,000
Treasury stock, at cost; 19,005,455 and 18,886,746 shares, respectively	(1,635,966,000)	(1,623,872,000)
Additional paid-in capital	3,619,241,000	3,583,923,000
Accumulated other comprehensive income (loss)	7,916,000	(404,000)
Accumulated deficit	(2,622,773,000)	(2,711,808,000)
Total Wynn Resorts, Limited stockholders' deficit	(630,253,000)	(750,838,000)
Noncontrolling interests	(876,911,000)	(889,527,000)
Total stockholders' deficit	(1,507,164,000)	(1,640,365,000)
Total liabilities and stockholders' deficit	$ 13,783,686,000	$ 13,415,100,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 57,261	$ 78,842
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	40,000,000	40,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	400,000,000	400,000,000
Common stock, issued (in shares)	132,948,390	132,256,185
Common stock, outstanding (in shares)	113,942,935	113,369,439
Treasury stock (in shares)	19,005,455	18,886,746

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating revenues:
Total operating revenues	$ 1,595,822	$ 908,832	$ 3,019,501	$ 1,862,166
Operating expenses:
General and administrative	257,321	200,378	517,093	397,158
Provision for credit losses	(6,640)	(3,487)	(7,184)	(3,145)
Pre-opening	1,477	4,502	5,955	6,949
Depreciation and amortization	169,962	162,968	338,774	347,524
Property charges and other	16,019	26,909	18,477	72,629
Total operating expenses	1,345,486	960,860	2,599,650	2,009,059
Operating income (loss)	250,336	(52,028)	419,851	(146,893)
Other income (expense):
Interest income	44,127	2,691	84,320	3,971
Interest expense, net of amounts capitalized	(190,243)	(154,830)	(377,983)	(306,988)
Change in derivatives fair value	24,336	1,562	47,382	8,962
Loss on debt financing transactions	(3,375)	0	(15,611)	0
Other	6,959	(10,099)	(23,655)	(25,226)
Other income (expense), net	(118,196)	(160,676)	(285,547)	(319,281)
Income (loss) before income taxes	132,140	(212,704)	134,304	(466,174)
Provision for income taxes	(4,305)	(718)	(5,323)	(1,858)
Net income (loss)	127,835	(213,422)	128,981	(468,032)
Less: net (income) loss attributable to noncontrolling interests	(22,651)	83,371	(11,465)	154,657
Net income (loss) attributable to Wynn Resorts, Limited	$ 105,184	$ (130,051)	$ 117,516	$ (313,375)
Net income (loss) attributable to Wynn Resorts, Limited:
Basic (in usd per share)	$ 0.93	$ (1.14)	$ 1.04	$ (2.73)
Diluted (in usd per share)	$ 0.84	$ (1.14)	$ 0.84	$ (2.73)
Weighted average common shares outstanding:
Basic (in shares)	112,889	114,471	112,821	114,749
Diluted (in shares)	113,198	114,471	113,143	114,749
Casino
Operating revenues:
Total operating revenues	$ 912,999	$ 359,585	$ 1,679,991	$ 849,447
Operating expenses:
Cost of goods and services sold	543,643	244,064	1,017,028	568,143
Rooms
Operating revenues:
Total operating revenues	276,505	201,298	549,034	371,674
Operating expenses:
Cost of goods and services sold	73,783	65,070	146,485	123,785
Food and beverage
Operating revenues:
Total operating revenues	257,036	229,816	489,647	403,836
Operating expenses:
Cost of goods and services sold	203,922	185,471	384,541	332,127
Entertainment, retail and other
Operating revenues:
Total operating revenues	149,282	118,133	300,829	237,209
Operating expenses:
Cost of goods and services sold	$ 85,999	$ 74,985	$ 178,481	$ 163,889

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 127,835	$ (213,422)	$ 128,981	$ (468,032)
Other comprehensive income (loss):
Foreign currency translation adjustments, before and after tax	(3,595)	884	11,568	5,481
Total comprehensive income (loss)	124,240	(212,538)	140,549	(462,551)
Less: comprehensive (income) loss attributable to noncontrolling interests	(21,615)	83,015	(14,713)	153,001
Comprehensive income (loss) attributable to Wynn Resorts, Limited	$ 102,625	$ (129,523)	$ 125,836	$ (309,550)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Deficit (unaudited) - USD ($) $ in Thousands	Total	Total Wynn Resorts, Ltd. stockholders' deficit	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Accumulated deficit	Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2021			115,714,943
Beginning balance at Dec. 31, 2021	$ (836,215)	$ (214,418)	$ 1,314	$ (1,436,373)	$ 3,502,715	$ 6,004	$ (2,288,078)	$ (621,797)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(468,032)	(313,375)					(313,375)	(154,657)
Currency translation adjustment	5,481	3,825				3,825		1,656
Issuance of restricted stock (in shares)			597,236
Issuance of restricted stock	9,288	9,288	$ 7		9,281
Cancellation of restricted stock (in shares)			(82,500)
Cancellation of restricted stock	0	0	$ (1)		1
Shares repurchased by the Company and held as treasury shares (in shares)			(2,522,037)
Shares repurchased by the Company and held as treasury shares	(149,305)	(149,305)		(149,305)
Distribution to noncontrolling interest	(16,523)							(16,523)
Contribution from noncontrolling interest	50,033	48,559			48,559			1,474
Transactions with subsidiary minority shareholders	2,896	(16,750)			(16,750)			19,646
Stock-based compensation	28,123	22,814			22,692		122	5,309
Ending balance (in shares) at Jun. 30, 2022			113,707,642
Ending balance at Jun. 30, 2022	(1,374,254)	(609,362)	$ 1,320	(1,585,678)	3,566,498	9,829	(2,601,331)	(764,892)
Beginning balance (in shares) at Mar. 31, 2022			115,917,961
Beginning balance at Mar. 31, 2022	(1,033,259)	(337,040)	$ 1,318	(1,448,040)	3,571,666	9,301	(2,471,285)	(696,219)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(213,422)	(130,051)					(130,051)	(83,371)
Currency translation adjustment	884	528				528		356
Issuance of restricted stock (in shares)			178,038
Issuance of restricted stock	0	0	$ 2		(2)
Cancellation of restricted stock (in shares)			(3,405)
Shares repurchased by the Company and held as treasury shares (in shares)			(2,384,952)
Shares repurchased by the Company and held as treasury shares	(137,638)	(137,638)		(137,638)
Distribution to noncontrolling interest	(7,244)							(7,244)
Transactions with subsidiary minority shareholders	2,896	(16,750)			(16,750)			19,646
Stock-based compensation	13,529	11,589			11,584		5	1,940
Ending balance (in shares) at Jun. 30, 2022			113,707,642
Ending balance at Jun. 30, 2022	(1,374,254)	(609,362)	$ 1,320	(1,585,678)	3,566,498	9,829	(2,601,331)	(764,892)
Beginning balance (in shares) at Dec. 31, 2022			113,369,439
Beginning balance at Dec. 31, 2022	(1,640,365)	(750,838)	$ 1,323	(1,623,872)	3,583,923	(404)	(2,711,808)	(889,527)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	128,981	117,516					117,516	11,465
Currency translation adjustment	11,568	8,320				8,320		3,248
Exercise of stock options (in shares)			32,284
Exercise of stock options	1,965	1,965			1,965
Issuance of restricted stock (in shares)			668,329
Issuance of restricted stock	6,638	6,638	$ 6		6,632
Cancellation of restricted stock (in shares)			(14,589)
Cancellation of restricted stock	0	0	$ 0		0
Shares repurchased by the Company and held as treasury shares (in shares)			(118,709)
Shares repurchased by the Company and held as treasury shares	(12,094)	(12,094)		(12,094)
Cash dividends declared	(28,481)	(28,481)					(28,481)
Distribution to noncontrolling interest	(8,945)	(2,994)			(2,994)			(5,951)
Transactions with subsidiary minority shareholders (in shares)			6,181
Transactions with subsidiary minority shareholders	0	(754)			(754)			754
Stock-based compensation	33,569	30,469			30,469			3,100
Ending balance (in shares) at Jun. 30, 2023			113,942,935
Ending balance at Jun. 30, 2023	(1,507,164)	(630,253)	$ 1,329	(1,635,966)	3,619,241	7,916	(2,622,773)	(876,911)
Beginning balance (in shares) at Mar. 31, 2023			113,808,044
Beginning balance at Mar. 31, 2023	(1,616,370)	(717,434)	$ 1,328	(1,634,706)	3,604,945	10,475	(2,699,476)	(898,936)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	127,835	105,184					105,184	22,651
Currency translation adjustment	(3,595)	(2,559)				(2,559)		(1,036)
Exercise of stock options (in shares)			7,000
Exercise of stock options	478	478			478
Issuance of restricted stock (in shares)			147,628
Issuance of restricted stock	(1)	(1)	$ 1		(2)
Cancellation of restricted stock (in shares)			(8,209)
Shares repurchased by the Company and held as treasury shares (in shares)			(11,528)
Shares repurchased by the Company and held as treasury shares	(1,260)	(1,260)		(1,260)
Cash dividends declared	(28,481)	(28,481)					(28,481)
Distribution to noncontrolling interest	(4,443)	(2,994)			(2,994)			(1,449)
Stock-based compensation	18,673	16,814			16,814			1,859
Ending balance (in shares) at Jun. 30, 2023			113,942,935
Ending balance at Jun. 30, 2023	$ (1,507,164)	$ (630,253)	$ 1,329	$ (1,635,966)	$ 3,619,241	$ 7,916	$ (2,622,773)	$ (876,911)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 128,981	$ (468,032)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	338,774	347,524
Deferred income taxes	(1,371)	429
Stock-based compensation expense	32,995	28,495
Amortization of debt issuance costs	19,095	14,588
Loss on debt financing transactions	15,611	0
Provision for credit losses	(7,184)	(3,145)
Change in derivatives fair value	(47,382)	(8,962)
Property charges and other	42,132	97,855
Increase (decrease) in cash from changes in:
Receivables, net	(9,489)	15,833
Inventories, prepaid expenses and other	(407)	(10,450)
Customer deposits	(6,465)	(21,949)
Accounts payable and accrued expenses	25,449	(149,637)
Net cash provided by (used in) operating activities	530,739	(157,451)
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(215,299)	(186,038)
Purchase of investment securities	(286,519)	0
Purchase of intangible and other assets	(42,933)	(9,375)
Proceeds from sale of assets and other	490	29
Net cash used in investing activities	(544,261)	(195,384)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	1,200,000	0
Repayments of long-term debt	(1,112,500)	(25,000)
Repurchase of common stock	(12,094)	(149,305)
Proceeds from exercise of stock options	1,965	0
Proceeds from issuance of subsidiary common stock	0	2,895
Proceeds from sale of noncontrolling interest in subsidiary	0	50,033
Distribution to noncontrolling interest	(8,945)	(16,523)
Dividends paid	(28,709)	(1,291)
Finance lease payments	(9,731)	(8,602)
Payments for financing costs	(41,020)	(3,113)
Other	(7,773)	0
Net cash used in financing activities	(18,807)	(150,906)
Effect of exchange rate on cash, cash equivalents and restricted cash	(2,864)	(3,590)
Cash, cash equivalents and restricted cash:
Decrease in cash, cash equivalents and restricted cash	(35,193)	(507,331)
Balance, beginning of period	3,782,990	2,531,067
Balance, end of period	$ 3,747,797	$ 2,023,736

Organization

Organization	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	OrganizationWynn 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 ("Macau") of the People's Republic of China ("PRC"), 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, Encore, an expansion at Wynn Las Vegas, and the Retail Joint Venture as its Las Vegas Operations. In Everett, Massachusetts, the Company operates Encore Boston Harbor, an integrated resort. The Company also holds an approximately 97% interest in, and consolidates, Wynn Interactive Ltd. ("Wynn Interactive"), through which it operates online sports betting, gaming, and social casino businesses.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures herein are adequate to make the information presented not misleading. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary to a fair presentation of the results for the interim periods presented. The results for the three and six months ended June 30, 2023 are not necessarily indicative of results to be expected for any other interim period or the full fiscal year ending December 31, 2023. 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, 2022. 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 17, "Retail Joint Venture." All significant intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates and assumptions reflected in the financial statements relate to and include, but are not limited to, inputs into the Company's estimated allowance for credit losses, estimates regarding the useful lives and recoverability of long-lived and intangible assets, valuations of derivatives, and litigation and contingency estimates. Gaming Taxes The Company is subject to taxes based on gross gaming revenues in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are recorded as casino expenses in the accompanying Condensed Consolidated Statements of Operations. These taxes totaled $391.4 million and $106.3 million for the three months ended June 30, 2023 and 2022, respectively, and $701.8 million and $283.2 million for the six months ended June 30, 2023 and 2022, respectively. Investment Securities Investment securities consist of short-term investments in United States treasury bills. Short-term investments have a maturity date of less than one year. Adjustments are made for amortization of premiums and accretion of discounts to maturity computed under the effective interest method. Such amortization is included in interest income together with realized gains and losses and the stated interest on such securities. As of June 30, 2023, the Company had $288.2 million in investment securities, recorded at amortized cost. The estimated fair value of the Company's investment securities as of June 30, 2023 was approximately $286.9 million and the gross unrecognized holding loss was $1.3 million. As of June 30, 2023, the Company had $1.7 million in accrued interest, recorded in Investment securities on the Condensed Consolidated Balance Sheets. As of December 31, 2022, the Company had no investment securities. As of the balance sheet date, the Company evaluates whether the unrealized losses are attributable to credit losses or other factors. The Company considers the severity of the decline in value, creditworthiness of the issuer and other relevant factors and records an allowance for credit losses, limited to the excess of amortized cost over fair value, with a corresponding charge to earnings. The allowance may be subsequently increased or decreased based on the prevailing facts and circumstances. During the three and six months ended June 30, 2023, no impairment loss was recognized. Recently Issued Accounting Standards The Company’s management has evaluated the recently issued, but not yet effective, accounting standards that have been issued or proposed by the Financial Accounting Standards Board or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position, results of operations and cash flows.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents: Cash (1) $ 1,294,193 $ 1,699,583 Cash equivalents (2) 2,359,773 1,950,857 Total cash and cash equivalents 3,653,966 3,650,440 Restricted cash (3) 93,831 132,550 Total cash, cash equivalents and restricted cash $ 3,747,797 $ 3,782,990 (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, and as of June 30, 2023 and December 31, 2022 included $86.7 million and $124.5 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support Wynn Resorts (Macau) S.A.'s legal and contractual obligations through the term of the Gaming Concession Contract (as defined in Note 6, "Goodwill and Intangible Assets, net"). The following table presents the supplemental cash flow disclosures of the Company (in thousands): Six Months Ended June 30, 2023 2022 Cash paid for interest, net of amounts capitalized $ 346,055 $ 292,218 Liability settled with shares of common stock $ 6,639 $ 9,287 Accounts and construction payables related to property and equipment $ 49,014 $ 47,305 Other liabilities related to intangible assets (1) $ 205,875 $ 5,586 Finance lease liabilities arising from obtaining finance lease assets $ 657 $ 4,135

Receivables, net

Receivables, net	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Receivables, net	Receivables, net Accounts Receivable and Credit Risk Receivables, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Casino $ 163,699 $ 171,893 Hotel 30,484 35,654 Other 92,872 87,328 287,055 294,875 Less: allowance for credit losses (57,261) (78,842) $ 229,794 $ 216,033 As of June 30, 2023 and December 31, 2022, approximately 64.2% and 57.6%, 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 33.2% and 43.2% of gross casino receivables as of June 30, 2023 and December 31, 2022, respectively. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowance for credit losses from its hotel and other receivables is not material. The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the periods presented (in thousands): June 30, 2023 2022 Balance at beginning of year $ 78,842 $ 111,319 Provision for credit losses (7,184) (3,145) Write-offs (22,862) (16,894) Recoveries of receivables previously written off 8,655 1,664 Effect of exchange rate (190) (365) Balance at end of period $ 57,261 $ 92,579

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Buildings and improvements $ 8,348,018 $ 8,363,427 Land and improvements 1,226,686 1,195,717 Furniture, fixtures and equipment 3,218,402 3,165,659 Airplanes 110,623 110,623 Construction in progress 182,151 112,034 13,085,880 12,947,460 Less: accumulated depreciation (6,314,558) (6,051,400) $ 6,771,322 $ 6,896,060

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, net	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, net	Goodwill and Intangible Assets, net The following table shows the movement in the Company's goodwill and intangible assets balances that occurred during the periods presented (in thousands): June 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,626 $ 48,304 Less: accumulated amortization (10,431) (48,304) 198,195 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (31,561) (27,638) 86,139 90,062 Other finite-lived intangible assets 75,302 65,194 Less: accumulated amortization (13,746) (8,920) 61,556 56,274 Total finite-lived intangible assets 345,890 146,336 Indefinite-lived intangible assets: Water rights and other 8,397 8,397 Total indefinite-lived intangible assets 8,397 8,397 Goodwill: Balance at beginning of year 90,520 129,738 Foreign currency translation — (1,457) Impairment — (37,761) Balance at end of period 90,520 90,520 Total goodwill and intangible assets, net $ 444,807 $ 245,253 Macau Gaming Concession In December 2022, Wynn Resorts (Macau) S.A. ("Wynn Macau SA"), an indirect subsidiary of Wynn Resorts, Limited, entered into a definitive gaming concession contract (the "Gaming Concession Contract") with the Macau government, pursuant to which Wynn Macau SA was granted a 10-year gaming concession commencing on January 1, 2023 and expiring on December 31, 2032, to operate games of chance at Wynn Palace and Wynn Macau. Under the terms of the Gaming Concession Contract, Wynn Macau SA is required to pay the Macau government an annual gaming premium consisting of a fixed and a variable portion. The fixed portion of the premium is composed of an annual amount equal to MOP30.0 million (approximately $3.7 million). The variable portion is composed of an annual amount equal to MOP300,000 (approximately $37 thousand) per gaming table located in special gaming halls reserved exclusively to particular games or players, MOP150,000 (approximately $19 thousand) per gaming table that is not reserved exclusively to particular games or players, and MOP1,000 (approximately $124) per gaming machine, including slot machines, operated by Wynn Macau SA. In December 2022, in accordance with the requirements of the Macau Gaming Law, Wynn Macau SA and Palo Real Estate Company Limited ("Palo"), a subsidiary of Wynn Macau SA, entered into agreements (collectively, the "Property Transfer Agreements") with the Macau government, pursuant to which Wynn Macau SA and Palo transferred the casino areas and gaming equipment of the Company's Macau Operations to the Macau government without compensation on December 31, 2022, and the Macau government agreed to transfer such casino areas and gaming equipment back to Wynn Macau SA as of January 1, 2023, for its use in the operation of games of chance at Wynn Macau and Wynn Palace as permitted under the Gaming Concession Contract through December 31, 2032. As the Company expects to continue to operate the casino areas and gaming equipment at its Macau Operations in the same manner as under the previous concession, obtain substantially all of the economic benefits, and bear all of the risks arising from the use of these assets, the Company will continue to recognize the casino areas and gaming equipment as property and equipment over their remaining estimated useful lives. In exchange for the use of such assets, Wynn Macau SA has agreed to make annual payments to the Macau government of MOP53.1 million (approximately $6.6 million) during each of the years ending December 31, 2023, 2024, and 2025, and an annual payment of MOP177.0 million (approximately $21.9 million) during each of the remaining years of the term of the Gaming Concession Contract through December 31, 2032, subject to adjustment in each year based on the average price index in Macau. Pursuant to the Gaming Concession Contract, Wynn Macau SA will revert to the Macau government the casino areas and gaming equipment, without compensation and free of encumbrance upon the rescission or termination of the gaming concession on December 31, 2032. On January 1, 2023, the Company recognized an intangible asset and financial liability of MOP1.68 billion (approximately $208.3 million), representing the right to operate games of chance at Wynn Palace and Wynn Macau and the unconditional obligation to make payments under the Gaming Concession Contract. This intangible asset comprises the contractually obligated annual payments of fixed and variable premiums, as well as fees associated with the above-described Property Transfer Agreements. The contractually obligated annual variable premium payments associated with the intangible asset was determined using the total number of gaming tables and gaming machines that Wynn Macau SA is currently approved to operate by the Macau government. In the accompanying condensed consolidated balance sheets, the noncurrent portion of the financial liability is included in "Other long-term liabilities" and the current portion is included in "Other accrued liabilities." The intangible asset is being amortized on a straight-line basis over the 10-year term of the Gaming Concession Contract. The Company expects that amortization of the Macau Gaming Concession will be $10.4 million in the six months ending December 31, 2023, and $20.9 million each year from 2024 to 2032. Wynn Interactive Goodwill During the three months ended June 30, 2022, as a result of management's decision to cease the operations of Betbull Limited ("BetBull"), a subsidiary of Wynn Interactive, the Company impaired its trademark and customer list totaling $10.3 million and impaired the remaining balance of goodwill related to the BetBull reporting unit totaling $7.5 million. During the three months ended March 31, 2022, as a result of changes in forecasts and other industry-specific factors, the Company identified interim indicators of impairment related to the goodwill assigned to the reporting units comprising Wynn Interactive. After revisiting the estimated fair value of those reporting units based on a combination of the income and market approaches, the Company recognized impairment of $30.3 million. Impairment of goodwill and intangible assets is recorded in Property charges and other in the accompanying Condensed Consolidated Statements of Operations.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): June 30, 2023 December 31, 2022 Macau Related: WM Cayman II Revolver, due 2025 (1) $ 1,494,366 $ 1,500,473 WML 4 7/8% Senior Notes, due 2024 600,000 600,000 WML 5 1/2% Senior Notes, due 2026 1,000,000 1,000,000 WML 5 1/2% Senior Notes, due 2027 750,000 750,000 WML 5 5/8% Senior Notes, due 2028 1,350,000 1,350,000 WML 5 1/8% Senior Notes, due 2029 1,000,000 1,000,000 WML 4 1/2% Convertible Bonds, due 2029 (2) 600,000 — U.S. and Corporate Related: WRF Credit Facilities (3) : WRF Term Loan, due 2024 75,572 837,500 WRF Term Loan, due 2027 749,428 — WLV 4 1/4% Senior Notes, due 2023 — 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 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 WRF 7 1/8% Senior Notes, due 2031 600,000 — Retail Term Loan, due 2025 (4) 615,000 615,000 12,244,366 12,162,973 WML Convertible Bond Conversion Option Derivative 76,992 — Less: Unamortized debt issuance costs and original issue discounts and premium, net (178,631) (46,114) 12,142,727 12,116,859 Less: Current portion of long-term debt (41,250) (547,543) Total long-term debt, net of current portion $ 12,101,477 $ 11,569,316 (1) As of June 30, 2023, the borrowings under the WM Cayman II Revolver bear interest at LIBOR or HIBOR plus a margin of 1.875% to 2.875% per annum based on WM Cayman II’s leverage ratio on a consolidated basis, subject to a floor on the interest rate margin of 2.625% per annum. Approximately $312.5 million and $1.18 billion of the WM Cayman II Revolver bears interest at a rate of LIBOR plus 2.875% per year and HIBOR plus 2.875% per year, respectively. As of June 30, 2023, the weighted average interest rate was approximately 7.81%. As of June 30, 2023, the WM Cayman II Revolver was fully drawn. Due to the global phase out of LIBOR, on June 27, 2023, WM Cayman II entered into an amended and restated facility agreement to, among other things, transition the base rate applicable to U.S. dollar-denominated loans made under the WM Cayman II Revolver from LIBOR to the term secured overnight financing rate ("Term SOFR"). The new Term SOFR base rate became effective July 4, 2023. (2) As of June 30, 2023, the net carrying amount of the WML Convertible Bonds was $470.7 million, with unamortized debt discount and debt issuance costs of $129.3 million. The Company recorded contractual interest expense of $6.8 million and $8.6 million and amortization of discounts and issuance costs of $4.3 million and $5.4 million during the three and six months ended June 30, 2023, respectively. (3) The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of June 30, 2023, the weighted average interest rate was approximately 6.95%. Additionally, as of June 30, 2023, the available borrowing capacity under the WRF Revolver was $737.0 million, net of $13.0 million in outstanding letters of credit. (4) The Retail Term Loan bears interest at a rate of LIBOR plus 1.70% per year. As of June 30, 2023, the interest rate was 5.45%. On June 2, 2023, the Company entered into a second amendment to the existing term loan agreement which transitions the benchmark interest rate of the Retail Term Loan from LIBOR to the adjusted daily simple secured overnight financing rate ("SOFR"), effective July 3, 2023. WM Cayman II Revolver Facility Agreement Amendment Due to the global phase out of LIBOR, on June 27, 2023, WM Cayman Holdings Limited II, as borrower ("WM Cayman II"), and WML, as guarantor, entered into an Amended and Restated Facility Agreement with Bank of China Limited, Macau Branch, as agent for the syndicate of lenders (as amended and restated, the "Facility Agreement"), to transition the base rate applicable to loans denominated in U.S. dollars made pursuant to the revolving credit facility provided thereunder (the "WM Cayman II Revolver") from the London Interbank Offered Rate ("LIBOR") to Term SOFR. The new Term SOFR base rate became effective July 4, 2023. The WM Cayman II Revolver consists of a U.S. dollar tranche in an amount of $312.5 million ("Facility A") and a Hong Kong dollar tranche in an amount of HK$9.26 billion (equivalent to $1.18 billion) ("Facility B"). Pursuant to the Facility Agreement, loans provided under Facility A bear interest at a variable rate per annum equal to: (a) Term SOFR, plus 0.10% (subject to a minimum floor of 0.00%), plus (b) a margin of 1.875% to 2.875% based on the consolidated leverage ratio of WM Cayman II and its subsidiaries (as calculated pursuant to the Facility Agreement), and loans provided under Facility B bear interest at a variable rate per annum equal to: (i) the Hong Kong Interbank Offered Rate, plus (ii) a margin of 1.875% to 2.875% based on the consolidated leverage ratio of WM Cayman II and its subsidiaries (as calculated pursuant to the Facility Agreement). WML 4 1/2% Convertible Bonds, due 2029 On March 7, 2023, WML completed an offering (the "Offering") of $600 million 4.50% convertible bonds due 2029 (the "WML Convertible Bonds"). The WML Convertible Bonds are governed by a trust deed dated March 7, 2023 (the "Trust Deed"), between WML and DB Trustees (Hong Kong) Limited, as trustee. WML, DB Trustees (Hong Kong) Limited, as trustee, and Deutsche Bank Trust Company Americas entered into an agency agreement, appointing Deutsche Bank Trust Company Americas as the principal paying agent, principal conversion agent, transfer agent and registrar in relation to the WML Convertible Bonds. The net proceeds from the Offering, after deduction of commissions and other related expenses, were $585.9 million. WML intends to use the net proceeds for general corporate purposes. The WML Convertible Bonds bear interest on their outstanding principal amount from and including March 7, 2023 at the rate of 4.50% per annum, payable semi-annually in arrears on March 7 and September 7 of each year. At any time on or after April 17, 2023, the WML Convertible Bonds are convertible at the option of the holder thereof into fully paid ordinary shares of WML, each with a nominal value of HK$0.001 per share ("Ordinary Shares"), at the initial conversion price of approximately HK$10.24 (equivalent to approximately $1.31) per share, subject to and upon compliance with the terms and conditions of the WML Convertible Bonds (the "Terms and Conditions," and such right, the "Conversion Right"). The conversion price is at the fixed exchange rate of HK$7.8497 per $1.00, subject to standard adjustments for certain dilutive events as described in the Terms and Conditions. WML has the option upon conversion by a bondholder to pay an amount of cash equivalent described in the Terms and Conditions in order to satisfy such Conversion Right in whole or in part. Holders of the WML Convertible Bonds have the option to require WML to redeem all or some only of such holder’s WML Convertible Bonds (i) on March 7, 2027 at their principal amount together with interest accrued but unpaid to, but excluding, the date fixed for redemption; or (ii) on the Relevant Event Redemption Date (as defined in the Terms and Conditions) at their principal amount together with interest accrued but unpaid to, but excluding, such date, following the occurrence of (a) when the Ordinary Shares cease to be listed or admitted to trading or are suspended from trading for a period equal to or exceeding 10 consecutive trading days on the Stock Exchange of Hong Kong Limited, or if applicable, the alternative stock exchange, (b) when there is a Change of Control (as defined in the Terms and Conditions), or (c) when less than 25% of WML’s total number of issued Ordinary Shares are held by the public (as interpreted under Rule 8.24 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited). The WML Convertible Bonds may also be redeemed at the option of WML under certain circumstances specified in the Terms and Conditions, in whole, but not in part, at any time after March 7, 2027, but prior to March 7, 2029, upon giving notice to the bondholders in accordance with the Terms and Conditions. The WML Convertible Bonds constitute direct, unsubordinated, unconditional and, subject to the Terms and Conditions, unsecured obligations of WML and rank pari passu and without any preference or priority among themselves. The Ordinary Shares to be issued upon exercise of Conversion Right will be fully-paid and will in all respects rank pari passu with the fully-paid Ordinary Shares in issue on the relevant registration date set forth in the Terms and Conditions. The Trust Deed contains covenants limiting WML's and all of its subsidiaries' ability to, among other things, create, permit to subsist or arise or have outstanding any mortgage, charge, pledge, lien or other encumbrance or certain security interest; consolidate or merge with or into another company; and sell, assign, transfer, convey or otherwise dispose of all or substantially all of its and its subsidiaries’ properties or assets, with certain exceptions. The Trust Deed also contains customary events of default. The Company determined that the conversion feature contained within the WML Convertible Bonds is required to be bifurcated from the debt host contract and accounted for as a free-standing derivative (the "WML Convertible Bond Conversion Option Derivative"). In accordance with applicable accounting standards, the WML Convertible Bond Conversion Option Derivative will be reported at fair value as of the end of each reporting period, with changes recognized in the statement of operations. For more information, see "Note 8 - WML Convertible Bond Conversion Option Derivative." As a result, the Company recognized a debt discount of $123.5 million within Long-term debt, representing the estimated fair value of the holders' conversion option upon completion of the Offering. The debt discount will be amortized to interest expense over the term of the WML Convertible Bonds using the effective interest method. As of June 30, 2023, the estimated fair value of the WML Convertible Bond Conversion Option Derivative was a liability of $77.0 million, recorded within Long-term debt within the accompanying Condensed Consolidated Balance Sheet. WRF Credit Facility Agreement Amendment On May 17, 2023, Wynn Resorts Finance, LLC ("WRF") and certain of its subsidiaries entered into an amendment (the "WRF Credit Facility Agreement Amendment") to its existing credit agreement (the "WRF Credit Facility Agreement") among Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the other lenders party thereto. The WRF Credit Facility Agreement Amendment amends the WRF Credit Facility Agreement to: (i) transition the benchmark rate from LIBOR to Term SOFR and to make conforming changes, (ii) reduce the aggregate principal amount of revolving commitments under the revolving credit facility by $100.0 million, from $850.0 million to $750.0 million, (iii) extend the stated maturity date for lenders electing to extend their revolving commitments in an amount equal to approximately $681.3 million from September 20, 2024 to September 20, 2027, and (iv) extend the stated maturity date for lenders electing to extend their term loan commitments in an amount equal to approximately $749.4 million from September 20, 2024 to September 20, 2027. Lenders who elected not to extend their revolving commitments in an amount equal to approximately $68.7 million will remain subject to a stated maturity date of September 20, 2024, and lenders who elected not to extend their term loan commitments in an amount equal to approximately $75.6 million will remain subject to a stated maturity date of September 20, 2024. In connection with the WRF Credit Facility Agreement Amendment, the Company recognized a loss on debt financing transactions of $1.2 million within the accompanying Condensed Consolidated Statement of Operations, and the Company recorded debt issuance costs of $5.1 million, within the Condensed Consolidated Balance Sheet. WRF 7 1/8% Senior Notes, due 2031 and WRF 7 3/4% Senior Notes, due 2025 On February 16, 2023, WRF and its subsidiary Wynn Resorts Capital Corp. (together with WRF, the "WRF Issuers"), each an indirect wholly owned subsidiary of the Company, issued $600.0 million aggregate principal amount of 7 1/8% Senior Notes due 2031 (the "2031 WRF Senior Notes") pursuant to an indenture among the WRF Issuers, the guarantors party thereto, and U.S. Bank Trust Company, National Association, as trustee, in a private offering. The 2031 WRF Senior Notes were issued at par, for proceeds of $596.2 million, net of $3.8 million of related fees and expenses. Also on February 16, 2023, the WRF Issuers completed a cash tender offer for any and all of the outstanding principal amount of the 7 3/4% Senior Notes due 2025 (the "2025 WRF Senior Notes") and accepted for purchase valid tenders with respect to $506.4 million principal amount and paid a tender premium of $12.4 million to the holders of such tendered 2025 WRF Senior Notes. The Company used a portion of the net proceeds from the issuance of the 2031 WRF Senior Notes to purchase such tendered 2025 WRF Senior Notes and to pay the tender premium and related fees and expenses. In April 2023, WRF repurchased all of the outstanding 2025 WRF Senior Notes using the remaining net proceeds from the issuance of the 2031 WRF Senior Notes and cash held by WRF, at a price equal to 101.938% of the principal amount plus accrued interest under the terms of its indenture. In connection with the issuance of the 2031 WRF Senior Notes and purchase of the 2025 WRF Senior Notes, the Company recognized a loss on debt financing transactions of $10.6 million within the accompanying Condensed Consolidated Statement of Operations, and the Company recorded debt issuance costs of $11.4 million within the accompanying Condensed Consolidated Balance Sheet. WLV 4 1/4% Senior Notes, due 2023 In March 2023, the Company repurchased all of its outstanding Wynn Las Vegas 4 1/4% Senior Notes due 2023, representing an aggregate principal amount of $500.0 million, using cash held by WRF, at a price equal to 100% of the principal amount plus accrued interest under the terms of its indenture. The Company recognized a loss on early extinguishment of debt of $1.0 million. Retail Term Loan Second Amendment On June 2, 2023, Wynn/CA Plaza Property Owner, LLC and Wynn/CA Property Owner, LLC (collectively, the "Borrowers") entered into a second amendment (the "Retail Term Loan Second Amendment") to their existing term loan agreement (the "Retail Term Loan Agreement"). The Retail Term Loan Second Amendment, which is effective as of July 3, 2023, amends the Retail Term Loan Agreement to transition the benchmark interest rate applicable to the secured loan in an aggregate principal amount of $615.0 million issued to the Borrowers thereunder from LIBOR to SOFR and to make related conforming changes to the Retail Term Loan Agreement. Debt Covenant Compliance As of June 30, 2023, management believes the Company was in compliance with all debt covenants. Fair Value of Long-Term Debt

WML Convertible Bond Conversion

WML Convertible Bond Conversion Option Derivative	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
WML Convertible Bond Conversion Option Derivative	WML Convertible Bond Conversion Option Derivative An embedded derivative is a feature contained within a contract that affects some or all of the cash flows or the value of other exchanges required by the contract in a manner similar to a derivative instrument. Embedded derivatives are required to be bifurcated and accounted for separately from the host contract and carried at fair value when: (a) the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract; and (b) a separate, freestanding instrument with the same terms would qualify as a derivative instrument. The Company determined that the conversion feature contained within the WML Convertible Bonds is not indexed to WML's equity and, as such, is required to be bifurcated from the debt host contract and accounted for as a free-standing derivative. In accordance with applicable accounting standards, the WML Convertible Bond Conversion Option Derivative will be reported at fair value as of the end of each reporting period, with changes recognized in the statement of operations. The Company used a binomial lattice model in order to estimate the fair value of the embedded derivative in the WML Convertible Bonds. Inherent in a binomial options pricing model are unobservable (Level 3) inputs and assumptions related to expected share-price volatility, risk-free interest rate, expected term, and dividend yield. The Company estimates the volatility of shares of WML common stock based on historical volatility that matches the expected remaining term to maturity of the WML Convertible Bonds. The risk-free interest rate is based on the Hong Kong and United States benchmark yield curves on the valuation date for a maturity similar to the expected remaining term of the WML Convertible Bonds. The expected life of the WML Convertible Bonds is assumed to be equivalent to their remaining term to maturity. The dividend yield is based on the historical WML dividend rate over the last several years. The following table sets forth the inputs to the lattice models that were used to value the embedded derivatives: June 30, 2023 March 2, 2023 (Pricing date) WML stock price HK$ 7.13 HK$ 8.08 Estimated volatility 23.9 % 26.0 % Risk-free interest rate 4.0 % 4.2 % Expected term (years) 5.7 6.0 Dividend yield 0.0 % 0.0 % In connection with the completion of the Offering on March 7, 2023, the Company recognized a debt discount and a corresponding liability for the embedded derivative, based on an estimated fair value of $123.5 million. The debt discount will be amortized to interest expense over the term of the WML Convertible Bonds using the effective interest method. As of June 30, 2023, the estimated fair value of the embedded derivative was a liability of $77.0 million, recorded within Long-term debt within the accompanying Condensed Consolidated Balance Sheet. In connection with the change in fair value, the Company recorded a $21.6 million and $46.5 million gain within Change in derivatives fair value in the accompanying Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2023, respectively.

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Stockholders' Deficit	Stockholders' Deficit Dividends On June 6, 2023, the Company paid a cash dividend of $0.25 per share and recorded $28.5 million as a reduction of accumulated deficit. On August 9, 2023, the Company announced a cash dividend of $0.25 per share, payable on August 31, 2023 to stockholders of record as of August 21, 2023. Noncontrolling Interests Retail Joint Venture During the six months ended June 30, 2023 and 2022, the Retail Joint Venture made aggregate distributions of approximately $8.9 million and $16.5 million, respectively, to its non-controlling interest holder. For more information on the Retail Joint Venture, see Note 17, "Retail Joint Venture." During the three months ended March 31, 2022, in exchange for cash consideration of $50.0 million, the Company sold to Crown Acquisitions Inc. ("Crown") a 49.9% interest in certain additional retail space contributed by the Company to the Retail Joint Venture. In connection with this transaction, the Company recorded $48.6 million of additional paid-in capital and $1.5 million of noncontrolling interest, within Contribution from noncontrolling interest in the accompanying Condensed Consolidated Statement of Stockholders' Deficit for the three months ended March 31, 2022. WML Securities Lending Agreement In connection with the WML Convertible Bonds Offering, WM Cayman Holdings I Limited ("WM Cayman I"), a wholly owned subsidiary of the Company and holder of our approximately 72% ownership interest in WML, entered into a stock borrowing and lending agreement with Goldman Sachs International (the "WML Stock Borrower") on March 2, 2023 (as amended on March 30, 2023, the "Securities Lending Agreement"), pursuant to which WM Cayman I has agreed to lend to the WML Stock Borrower up to 459,774,985 of its ordinary share holdings in WML, upon and subject to the terms and conditions in the Securities Lending Agreement. WM Cayman I may, at its sole discretion, terminate any stock loan by giving the WML Stock Borrower no less than five business days' notice. The Securities Lending Agreement terminates on the date on which the WML Convertible Bonds have been redeemed, or converted in full, whichever is the earlier. On March 6, 2023, the WML Stock Borrower borrowed 459,774,985 ordinary shares of WML under the Securities Lending Agreement and on April 3, 2023 returned 280,000,000 of such shares to WM Cayman I. As of the date of this report, the WML Stock Borrower held 179,774,985 WML shares under the Securities Lending Agreement.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: June 30, 2023 Quoted Other Unobservable Assets: Cash equivalents $ 2,359,773 $ — $ 2,359,773 $ — Restricted cash $ 93,831 $ 6,017 $ 87,814 $ — Interest rate collar $ 11,302 $ — $ 11,302 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 8) $ 76,992 $ — $ — $ 76,992 Fair Value Measurements Using: December 31, 2022 Quoted Other Unobservable Assets: Cash equivalents $ 1,950,857 $ 490,683 $ 1,460,174 $ — Restricted cash $ 132,550 $ 6,891 $ 125,659 $ — Interest rate collar $ 10,408 $ — $ 10,408 $ —

Customer Contract Liabilities

Customer Contract Liabilities	6 Months Ended
	Jun. 30, 2023
Revenue Recognition [Abstract]
Customer Contract Liabilties	Customer Contract Liabilities In providing goods and services to its customers, there is often a timing difference between the Company receiving cash and the Company recording revenue for providing services or holding events. The Company's primary liabilities associated with customer contracts are as follows (in thousands): June 30, 2023 December 31, 2022 Increase / (decrease) June 30, 2022 December 31, 2021 Increase / (decrease) Casino outstanding chips and front money deposits (1) $ 398,100 $ 390,531 $ 7,569 $ 325,187 $ 352,830 $ (27,643) Advance room deposits and ticket sales (2) 73,517 85,019 (11,502) 60,777 55,438 5,339 Other gaming-related liabilities (3) 29,047 31,265 (2,218) 25,272 26,515 (1,243) Loyalty program and related liabilities (4) 37,799 35,083 2,716 38,360 34,695 3,665 $ 538,463 $ 541,898 $ (3,435) $ 449,596 $ 469,478 $ (19,882) (1) Casino outstanding chips generally represent amounts owed to gaming promoters and customers for chips in their possession, and casino front money deposits represent funds deposited by customers before gaming play occurs. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and may be recognized as revenue or redeemed for cash in the future. (2) Advance room deposits and ticket sales represent cash received in advance for goods or services to be provided in the future. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and will be recognized as revenue when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenue and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenue within one year. (3) Other gaming-related liabilities generally represent unpaid wagers primarily in the form of unredeemed slot, race and sportsbook tickets or wagers for future sporting events. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets. (4) Loyalty program and related liabilities represent the deferral of revenue until the loyalty points or other complimentaries are redeemed. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Casino $ 512 $ 2,723 $ 989 $ 4,978 Rooms 195 215 401 401 Food and beverage 393 411 802 773 Entertainment, retail and other 2,846 1,279 5,885 5,174 General and administrative 14,339 9,967 24,918 17,169 Total stock-based compensation expense 18,285 14,595 32,995 28,495 Total stock-based compensation capitalized 1,368 777 2,134 1,457 Total stock-based compensation costs $ 19,653 $ 15,372 $ 35,129 $ 29,952

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded an income tax expense of $4.3 million and $0.7 million for the three months ended June 30, 2023 and 2022, respectively and an income tax expense of $5.3 million and $1.9 million for the six months ended June 30, 2023 and 2022, respectively. Income tax expense in 2023 primarily relates to U.S. operating profits. Income tax expense in 2022 primarily related to the Macau dividend tax agreement that provides for an annual payment as complementary tax otherwise due by stockholders of WRM. The Company records valuation allowances on certain of its U.S. and foreign deferred tax assets. In assessing the need for a valuation allowance, the Company considers whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. In the assessment of the valuation allowance, appropriate consideration is given to all positive and negative evidence including recent operating profitability, forecast of future earnings, ability to carryback, the reversal of net taxable temporary differences, the duration of statutory carryforward periods and tax planning strategies.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per ShareBasic earnings per share ("EPS") is computed by dividing net income (loss) attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) attributable to Wynn Resorts, adjusted for the potential dilutive impact assuming that the conversion of the WML Convertible Bonds occurred as of the date of their issuance under the if-converted method, by the weighted average number of common shares outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potential dilutive securities had been issued, to the extent such impact is not anti-dilutive. Potentially dilutive securities include outstanding stock options and unvested restricted stock. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net income (loss) attributable to Wynn Resorts, Limited - basic $ 105,184 $ (130,051) $ 117,516 $ (313,375) Effect of dilutive securities of Wynn Resorts, Limited subsidiaries: Assumed conversion of WML Convertible Bonds (10,629) — (22,600) — Net income (loss) attributable to Wynn Resorts, Limited - diluted $ 94,555 $ (130,051) $ 94,916 $ (313,375) Denominator: Weighted average common shares outstanding 112,889 114,471 112,821 114,749 Potential dilutive effect of stock options, nonvested, and performance nonvested shares 309 — 322 — Weighted average common and common equivalent shares outstanding 113,198 114,471 113,143 114,749 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ 0.93 $ (1.14) $ 1.04 $ (2.73) Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ 0.84 $ (1.14) $ 0.84 $ (2.73) Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 321 975 344 975

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Leases Lessor Arrangements The following table presents the minimum and contingent operating lease income for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Minimum rental income $ 31,811 $ 37,233 $ 65,649 $ 61,834 Contingent rental income 25,206 14,092 53,970 34,715 Total rental income $ 57,017 $ 51,325 $ 119,619 $ 96,549

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
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. Macau Litigation Related to Dore Wynn Macau SA has been named as a defendant in lawsuits filed in the Macau Court of First Instance by individuals who claim to be investors in, or persons with credit in accounts maintained by, Dore Entertainment Company Limited ("Dore"), an independent, Macau registered and licensed company that operated a gaming promoter business at Wynn Macau. In connection with the alleged theft, embezzlement, fraud and/or other crime(s) perpetrated by a former employee of Dore (the "Dore Incident"), the plaintiffs of the lawsuits allege that Dore failed to honor withdrawal of funds deposited with Dore as investments or gaming deposits that allegedly resulted in certain losses for these individuals. The principal allegations common to the lawsuits are that Wynn Macau SA, as a gaming concessionaire, should be held responsible for Dore’s conduct on the basis that Wynn Macau SA is responsible for the supervision of Dore’s activities at Wynn Macau that resulted in the purported losses. The Company believes these cases are without merit and unfounded and intends to vigorously defend against the remaining claims pleaded against Wynn Macau SA in these lawsuits. The Company has made estimates for potential litigation costs based upon its assessment of the likely outcome and has recorded provisions for such amounts in the accompanying condensed consolidated financial statements. No assurances can be provided as to the outcome of the pending Dore cases, and actual results may differ from these estimates. Securities Class Action On February 20, 2018, a putative securities class action was filed against the Company and certain current and former officers of the Company in the United States District Court, Southern District of New York (which was subsequently transferred to the United States District Court, District of Nevada) by John V. Ferris and Joann M. Ferris on behalf of all persons who purchased the Company's common stock between February 28, 2014 and January 25, 2018. The complaint alleges, among other things, certain violations of federal securities laws and seeks to recover unspecified damages as well as attorneys' fees, costs and related expenses for the plaintiffs. On April 15, 2019, the Company filed a motion to dismiss, which the court granted on May 27, 2020, with leave to amend. On July 1, 2020, the plaintiffs filed an amended complaint. On August 14, 2020, the Company filed a motion to dismiss the amended complaint. On July 28, 2021, the court granted in part, and denied in part, the Company's motion to dismiss the amended complaint, dismissing certain of plaintiffs' claims, including all claims against current CEO Craig Billings and the individual directors, and allowing other claims to proceed against the Company and several of the Company's former executive officers, including Matthew Maddox, Stephen A. Wynn, Kimmarie Sinatra, and Steven Cootey. On March 2, 2023, the court granted the plaintiffs' motion for class certification and appointed lead counsel. The parties are now proceeding with discovery. The defendants in this action intend to vigorously defend against the claims pleaded against them and believe that the claims are without merit. This action is in the preliminary stages and the Company has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or reasonably estimate the range of possible loss, if any. Federal Investigation From time to time, the Company receives regulatory inquiries about compliance with anti-money laundering laws. The Company received requests for information from the U.S. Attorney’s Office for the Southern District of California relating to its anti-money laundering policies and procedures, and beginning in 2020 received several grand jury subpoenas regarding various transactions at Wynn Las Vegas relating to certain patrons and agents who reside or operate in foreign jurisdictions. The Company continues to cooperate with the U.S. Attorney's Office in its investigation, which remains ongoing. Because no charges or claims have been brought, the Company is unable to predict the outcome of the investigation, the extent of the materiality of the outcome, or reasonably estimate the possible range of loss, if any, which could be associated with the resolution of any possible charges or claims that may be brought against the Company.

Retail Joint Venture

Retail Joint Venture	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint VentureAs of June 30, 2023 and December 31, 2022, the Retail Joint Venture had total assets of $112.2 million and $102.9 million, respectively, and total liabilities of $621.9 million and $620.9 million, respectively. As of June 30, 2023 and December 31, 2022, the Retail Joint Venture's liabilities included long-term debt of $613.8 million and $613.5 million, respectively, net of debt issuance costs, related to the outstanding borrowings under the Retail Term Loan.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information The Company has identified its reportable segments based on factors such as geography, regulatory environment, the information reviewed by its chief operating decision maker, and the Company's organizational and management reporting structure. The Company has identified the following reportable segments: (i) Wynn Macau, representing the aggregate of Wynn Macau and Encore, an expansion at Wynn Macau, which are managed as a single integrated resort; (ii) Wynn Palace; (iii) Las Vegas Operations, representing the aggregate of Wynn Las Vegas, Encore, an expansion at Wynn Las Vegas, and the Retail Joint Venture, which are managed as a single integrated resort; (iv) Encore Boston Harbor; and (v) Wynn Interactive. For geographical reporting purposes, Wynn Macau, Wynn Palace, and Other Macau (which represents the assets of the Company's Macau holding company and other ancillary entities) have been aggregated into Macau Operations. The following tables present the Company's segment information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating revenues Macau Operations: Wynn Palace Casino $ 365,277 $ 27,194 $ 635,964 $ 141,607 Rooms 50,092 7,008 97,002 20,839 Food and beverage 25,260 6,857 48,813 18,300 Entertainment, retail and other (1) 27,721 17,592 55,934 41,230 468,350 58,651 837,713 221,976 Wynn Macau Casino 242,950 39,959 419,333 142,389 Rooms 26,130 4,762 48,101 14,152 Food and beverage 14,666 5,231 28,968 13,617 Entertainment, retail and other (1) 17,847 8,631 35,917 23,525 301,593 58,583 532,319 193,683 Total Macau Operations 769,943 117,234 1,370,032 415,659 Las Vegas Operations: Casino 137,946 135,345 292,476 259,616 Rooms 177,765 167,116 362,874 298,582 Food and beverage 195,146 196,627 367,629 332,656 Entertainment, retail and other (1) 67,215 61,981 141,857 111,401 Total Las Vegas Operations 578,072 561,069 1,164,836 1,002,255 Encore Boston Harbor: Casino 166,826 157,087 332,218 305,835 Rooms 22,518 22,412 41,057 38,101 Food and beverage 21,964 21,101 44,237 39,263 Entertainment, retail and other (1) 10,624 9,554 20,726 17,751 Total Encore Boston Harbor 221,932 210,154 438,238 400,950 Wynn Interactive: Entertainment, retail and other 25,875 20,375 46,395 43,302 Total Wynn Interactive 25,875 20,375 46,395 43,302 Total operating revenues $ 1,595,822 $ 908,832 $ 3,019,501 $ 1,862,166 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Adjusted Property EBITDAR (2) Macau Operations: Wynn Palace $ 156,607 $ (49,950) $ 267,665 $ (50,814) Wynn Macau 89,590 (40,390) 134,335 (45,072) Total Macau Operations 246,197 (90,340) 402,000 (95,886) Las Vegas Operations 224,121 226,706 455,718 386,084 Encore Boston Harbor 69,104 63,746 132,518 118,996 Wynn Interactive (14,964) (20,953) (36,032) (52,454) Total 524,458 179,159 954,204 356,740 Other operating expenses Pre-opening 1,477 4,502 5,955 6,949 Depreciation and amortization 169,962 162,968 338,774 347,524 Property charges and other 16,019 26,909 18,477 72,629 Corporate expenses and other 32,748 22,213 67,238 48,036 Stock-based compensation 18,285 14,595 32,995 28,495 Triple-net operating lease expense 35,631 — 70,914 — Total other operating expenses 274,122 231,187 534,353 503,633 Operating income (loss) 250,336 (52,028) 419,851 (146,893) Other non-operating income and expenses Interest income 44,127 2,691 84,320 3,971 Interest expense, net of amounts capitalized (190,243) (154,830) (377,983) (306,988) Change in derivatives fair value 24,336 1,562 47,382 8,962 Loss on debt financing transactions (3,375) — (15,611) — Other 6,959 (10,099) (23,655) (25,226) Total other non-operating income and expenses (118,196) (160,676) (285,547) (319,281) Income (loss) before income taxes 132,140 (212,704) 134,304 (466,174) Provision for income taxes (4,305) (718) (5,323) (1,858) Net income (loss) 127,835 (213,422) 128,981 (468,032) Net (income) loss attributable to noncontrolling interests (22,651) 83,371 (11,465) 154,657 Net income (loss) attributable to Wynn Resorts, Limited $ 105,184 $ (130,051) $ 117,516 $ (313,375) (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 15, "Leases." (2) "Adjusted Property EBITDAR" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions, and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. The Company also presents Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations preopening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income (loss) as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income (loss), Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, the Company's calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited. June 30, 2023 December 31, 2022 Assets Macau Operations: Wynn Palace $ 2,927,349 $ 2,884,073 Wynn Macau 1,644,860 1,430,051 Other Macau 877,651 268,017 Total Macau Operations 5,449,860 4,582,141 Las Vegas Operations 3,140,774 3,168,597 Encore Boston Harbor 2,031,589 2,080,424 Wynn Interactive 192,335 213,837 Corporate and other 2,969,128 3,370,101 Total $ 13,783,686 $ 13,415,100

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to Wynn Resorts, Limited - basic	$ 105,184	$ (130,051)	$ 117,516	$ (313,375)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries, and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 17, "Retail Joint Venture." All significant intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates and assumptions reflected in the financial statements relate to and include, but are not limited to, inputs into the Company's estimated allowance for credit losses, estimates regarding the useful lives and recoverability of long-lived and intangible assets, valuations of derivatives, and litigation and contingency estimates.
Gaming Taxes	Gaming 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.
Recently Issued and Adopted Accounting Standards	Recently Issued Accounting Standards The Company’s management has evaluated the recently issued, but not yet effective, accounting standards that have been issued or proposed by the Financial Accounting Standards Board or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position, results of operations and cash flows.
Investment Securities	Investment Securities Investment securities consist of short-term investments in United States treasury bills. Short-term investments have a maturity date of less than one year. Adjustments are made for amortization of premiums and accretion of discounts to maturity computed under the effective interest method. Such amortization is included in interest income together with realized gains and losses and the stated interest on such securities.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents: Cash (1) $ 1,294,193 $ 1,699,583 Cash equivalents (2) 2,359,773 1,950,857 Total cash and cash equivalents 3,653,966 3,650,440 Restricted cash (3) 93,831 132,550 Total cash, cash equivalents and restricted cash $ 3,747,797 $ 3,782,990 (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, and as of June 30, 2023 and December 31, 2022 included $86.7 million and $124.5 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support Wynn Resorts (Macau) S.A.'s legal and contractual obligations through the term of the Gaming Concession Contract (as defined in Note 6, "Goodwill and Intangible Assets, net").
Schedule of Restricted Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents: Cash (1) $ 1,294,193 $ 1,699,583 Cash equivalents (2) 2,359,773 1,950,857 Total cash and cash equivalents 3,653,966 3,650,440 Restricted cash (3) 93,831 132,550 Total cash, cash equivalents and restricted cash $ 3,747,797 $ 3,782,990 (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, and as of June 30, 2023 and December 31, 2022 included $86.7 million and $124.5 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support Wynn Resorts (Macau) S.A.'s legal and contractual obligations through the term of the Gaming Concession Contract (as defined in Note 6, "Goodwill and Intangible Assets, net").
Schedule of Supplemental Cash Flow Disclosures	The following table presents the supplemental cash flow disclosures of the Company (in thousands): Six Months Ended June 30, 2023 2022 Cash paid for interest, net of amounts capitalized $ 346,055 $ 292,218 Liability settled with shares of common stock $ 6,639 $ 9,287 Accounts and construction payables related to property and equipment $ 49,014 $ 47,305 Other liabilities related to intangible assets (1) $ 205,875 $ 5,586 Finance lease liabilities arising from obtaining finance lease assets $ 657 $ 4,135

Receivables, net (Tables)

Receivables, net (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of Receivables, net	Receivables, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Casino $ 163,699 $ 171,893 Hotel 30,484 35,654 Other 92,872 87,328 287,055 294,875 Less: allowance for credit losses (57,261) (78,842) $ 229,794 $ 216,033 The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the periods presented (in thousands): June 30, 2023 2022 Balance at beginning of year $ 78,842 $ 111,319 Provision for credit losses (7,184) (3,145) Write-offs (22,862) (16,894) Recoveries of receivables previously written off 8,655 1,664 Effect of exchange rate (190) (365) Balance at end of period $ 57,261 $ 92,579

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Buildings and improvements $ 8,348,018 $ 8,363,427 Land and improvements 1,226,686 1,195,717 Furniture, fixtures and equipment 3,218,402 3,165,659 Airplanes 110,623 110,623 Construction in progress 182,151 112,034 13,085,880 12,947,460 Less: accumulated depreciation (6,314,558) (6,051,400) $ 6,771,322 $ 6,896,060

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table shows the movement in the Company's goodwill and intangible assets balances that occurred during the periods presented (in thousands): June 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,626 $ 48,304 Less: accumulated amortization (10,431) (48,304) 198,195 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (31,561) (27,638) 86,139 90,062 Other finite-lived intangible assets 75,302 65,194 Less: accumulated amortization (13,746) (8,920) 61,556 56,274 Total finite-lived intangible assets 345,890 146,336 Indefinite-lived intangible assets: Water rights and other 8,397 8,397 Total indefinite-lived intangible assets 8,397 8,397 Goodwill: Balance at beginning of year 90,520 129,738 Foreign currency translation — (1,457) Impairment — (37,761) Balance at end of period 90,520 90,520 Total goodwill and intangible assets, net $ 444,807 $ 245,253
Schedule of Finite-Lived Intangible Assets	The following table shows the movement in the Company's goodwill and intangible assets balances that occurred during the periods presented (in thousands): June 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,626 $ 48,304 Less: accumulated amortization (10,431) (48,304) 198,195 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (31,561) (27,638) 86,139 90,062 Other finite-lived intangible assets 75,302 65,194 Less: accumulated amortization (13,746) (8,920) 61,556 56,274 Total finite-lived intangible assets 345,890 146,336 Indefinite-lived intangible assets: Water rights and other 8,397 8,397 Total indefinite-lived intangible assets 8,397 8,397 Goodwill: Balance at beginning of year 90,520 129,738 Foreign currency translation — (1,457) Impairment — (37,761) Balance at end of period 90,520 90,520 Total goodwill and intangible assets, net $ 444,807 $ 245,253
Schedule of Indefinite-Lived Intangible Assets	The following table shows the movement in the Company's goodwill and intangible assets balances that occurred during the periods presented (in thousands): June 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,626 $ 48,304 Less: accumulated amortization (10,431) (48,304) 198,195 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (31,561) (27,638) 86,139 90,062 Other finite-lived intangible assets 75,302 65,194 Less: accumulated amortization (13,746) (8,920) 61,556 56,274 Total finite-lived intangible assets 345,890 146,336 Indefinite-lived intangible assets: Water rights and other 8,397 8,397 Total indefinite-lived intangible assets 8,397 8,397 Goodwill: Balance at beginning of year 90,520 129,738 Foreign currency translation — (1,457) Impairment — (37,761) Balance at end of period 90,520 90,520 Total goodwill and intangible assets, net $ 444,807 $ 245,253

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following (in thousands): June 30, 2023 December 31, 2022 Macau Related: WM Cayman II Revolver, due 2025 (1) $ 1,494,366 $ 1,500,473 WML 4 7/8% Senior Notes, due 2024 600,000 600,000 WML 5 1/2% Senior Notes, due 2026 1,000,000 1,000,000 WML 5 1/2% Senior Notes, due 2027 750,000 750,000 WML 5 5/8% Senior Notes, due 2028 1,350,000 1,350,000 WML 5 1/8% Senior Notes, due 2029 1,000,000 1,000,000 WML 4 1/2% Convertible Bonds, due 2029 (2) 600,000 — U.S. and Corporate Related: WRF Credit Facilities (3) : WRF Term Loan, due 2024 75,572 837,500 WRF Term Loan, due 2027 749,428 — WLV 4 1/4% Senior Notes, due 2023 — 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 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 WRF 7 1/8% Senior Notes, due 2031 600,000 — Retail Term Loan, due 2025 (4) 615,000 615,000 12,244,366 12,162,973 WML Convertible Bond Conversion Option Derivative 76,992 — Less: Unamortized debt issuance costs and original issue discounts and premium, net (178,631) (46,114) 12,142,727 12,116,859 Less: Current portion of long-term debt (41,250) (547,543) Total long-term debt, net of current portion $ 12,101,477 $ 11,569,316 (1) As of June 30, 2023, the borrowings under the WM Cayman II Revolver bear interest at LIBOR or HIBOR plus a margin of 1.875% to 2.875% per annum based on WM Cayman II’s leverage ratio on a consolidated basis, subject to a floor on the interest rate margin of 2.625% per annum. Approximately $312.5 million and $1.18 billion of the WM Cayman II Revolver bears interest at a rate of LIBOR plus 2.875% per year and HIBOR plus 2.875% per year, respectively. As of June 30, 2023, the weighted average interest rate was approximately 7.81%. As of June 30, 2023, the WM Cayman II Revolver was fully drawn. Due to the global phase out of LIBOR, on June 27, 2023, WM Cayman II entered into an amended and restated facility agreement to, among other things, transition the base rate applicable to U.S. dollar-denominated loans made under the WM Cayman II Revolver from LIBOR to the term secured overnight financing rate ("Term SOFR"). The new Term SOFR base rate became effective July 4, 2023. (2) As of June 30, 2023, the net carrying amount of the WML Convertible Bonds was $470.7 million, with unamortized debt discount and debt issuance costs of $129.3 million. The Company recorded contractual interest expense of $6.8 million and $8.6 million and amortization of discounts and issuance costs of $4.3 million and $5.4 million during the three and six months ended June 30, 2023, respectively. (3) The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of June 30, 2023, the weighted average interest rate was approximately 6.95%. Additionally, as of June 30, 2023, the available borrowing capacity under the WRF Revolver was $737.0 million, net of $13.0 million in outstanding letters of credit.

WML Convertible Bond Conversi_2

WML Convertible Bond Conversion Option Derivative (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Valuation Techniques for Embedded Derivative	The following table sets forth the inputs to the lattice models that were used to value the embedded derivatives: June 30, 2023 March 2, 2023 (Pricing date) WML stock price HK$ 7.13 HK$ 8.08 Estimated volatility 23.9 % 26.0 % Risk-free interest rate 4.0 % 4.2 % Expected term (years) 5.7 6.0 Dividend yield 0.0 % 0.0 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Carried at Fair Value	The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: June 30, 2023 Quoted Other Unobservable Assets: Cash equivalents $ 2,359,773 $ — $ 2,359,773 $ — Restricted cash $ 93,831 $ 6,017 $ 87,814 $ — Interest rate collar $ 11,302 $ — $ 11,302 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 8) $ 76,992 $ — $ — $ 76,992 Fair Value Measurements Using: December 31, 2022 Quoted Other Unobservable Assets: Cash equivalents $ 1,950,857 $ 490,683 $ 1,460,174 $ — Restricted cash $ 132,550 $ 6,891 $ 125,659 $ — Interest rate collar $ 10,408 $ — $ 10,408 $ —

Customer Contract Liabilities (

Customer Contract Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue Recognition [Abstract]
Schedule of Customer Contract Liabilities	The Company's primary liabilities associated with customer contracts are as follows (in thousands): June 30, 2023 December 31, 2022 Increase / (decrease) June 30, 2022 December 31, 2021 Increase / (decrease) Casino outstanding chips and front money deposits (1) $ 398,100 $ 390,531 $ 7,569 $ 325,187 $ 352,830 $ (27,643) Advance room deposits and ticket sales (2) 73,517 85,019 (11,502) 60,777 55,438 5,339 Other gaming-related liabilities (3) 29,047 31,265 (2,218) 25,272 26,515 (1,243) Loyalty program and related liabilities (4) 37,799 35,083 2,716 38,360 34,695 3,665 $ 538,463 $ 541,898 $ (3,435) $ 449,596 $ 469,478 $ (19,882) (1) Casino outstanding chips generally represent amounts owed to gaming promoters and customers for chips in their possession, and casino front money deposits represent funds deposited by customers before gaming play occurs. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and may be recognized as revenue or redeemed for cash in the future. (2) Advance room deposits and ticket sales represent cash received in advance for goods or services to be provided in the future. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and will be recognized as revenue when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenue and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenue within one year. (3) Other gaming-related liabilities generally represent unpaid wagers primarily in the form of unredeemed slot, race and sportsbook tickets or wagers for future sporting events. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets. (4) Loyalty program and related liabilities represent the deferral of revenue until the loyalty points or other complimentaries are redeemed. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share Based Compensation Allocated Costs	The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Casino $ 512 $ 2,723 $ 989 $ 4,978 Rooms 195 215 401 401 Food and beverage 393 411 802 773 Entertainment, retail and other 2,846 1,279 5,885 5,174 General and administrative 14,339 9,967 24,918 17,169 Total stock-based compensation expense 18,285 14,595 32,995 28,495 Total stock-based compensation capitalized 1,368 777 2,134 1,457 Total stock-based compensation costs $ 19,653 $ 15,372 $ 35,129 $ 29,952

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Shares used in Calculation of Earnings Per Share	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net income (loss) attributable to Wynn Resorts, Limited - basic $ 105,184 $ (130,051) $ 117,516 $ (313,375) Effect of dilutive securities of Wynn Resorts, Limited subsidiaries: Assumed conversion of WML Convertible Bonds (10,629) — (22,600) — Net income (loss) attributable to Wynn Resorts, Limited - diluted $ 94,555 $ (130,051) $ 94,916 $ (313,375) Denominator: Weighted average common shares outstanding 112,889 114,471 112,821 114,749 Potential dilutive effect of stock options, nonvested, and performance nonvested shares 309 — 322 — Weighted average common and common equivalent shares outstanding 113,198 114,471 113,143 114,749 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ 0.93 $ (1.14) $ 1.04 $ (2.73) Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ 0.84 $ (1.14) $ 0.84 $ (2.73) Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 321 975 344 975

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Minimum and Contingent Operating Lease Income	The following table presents the minimum and contingent operating lease income for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Minimum rental income $ 31,811 $ 37,233 $ 65,649 $ 61,834 Contingent rental income 25,206 14,092 53,970 34,715 Total rental income $ 57,017 $ 51,325 $ 119,619 $ 96,549

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Summary of Operations by Segment	The following tables present the Company's segment information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating revenues Macau Operations: Wynn Palace Casino $ 365,277 $ 27,194 $ 635,964 $ 141,607 Rooms 50,092 7,008 97,002 20,839 Food and beverage 25,260 6,857 48,813 18,300 Entertainment, retail and other (1) 27,721 17,592 55,934 41,230 468,350 58,651 837,713 221,976 Wynn Macau Casino 242,950 39,959 419,333 142,389 Rooms 26,130 4,762 48,101 14,152 Food and beverage 14,666 5,231 28,968 13,617 Entertainment, retail and other (1) 17,847 8,631 35,917 23,525 301,593 58,583 532,319 193,683 Total Macau Operations 769,943 117,234 1,370,032 415,659 Las Vegas Operations: Casino 137,946 135,345 292,476 259,616 Rooms 177,765 167,116 362,874 298,582 Food and beverage 195,146 196,627 367,629 332,656 Entertainment, retail and other (1) 67,215 61,981 141,857 111,401 Total Las Vegas Operations 578,072 561,069 1,164,836 1,002,255 Encore Boston Harbor: Casino 166,826 157,087 332,218 305,835 Rooms 22,518 22,412 41,057 38,101 Food and beverage 21,964 21,101 44,237 39,263 Entertainment, retail and other (1) 10,624 9,554 20,726 17,751 Total Encore Boston Harbor 221,932 210,154 438,238 400,950 Wynn Interactive: Entertainment, retail and other 25,875 20,375 46,395 43,302 Total Wynn Interactive 25,875 20,375 46,395 43,302 Total operating revenues $ 1,595,822 $ 908,832 $ 3,019,501 $ 1,862,166 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Adjusted Property EBITDAR (2) Macau Operations: Wynn Palace $ 156,607 $ (49,950) $ 267,665 $ (50,814) Wynn Macau 89,590 (40,390) 134,335 (45,072) Total Macau Operations 246,197 (90,340) 402,000 (95,886) Las Vegas Operations 224,121 226,706 455,718 386,084 Encore Boston Harbor 69,104 63,746 132,518 118,996 Wynn Interactive (14,964) (20,953) (36,032) (52,454) Total 524,458 179,159 954,204 356,740 Other operating expenses Pre-opening 1,477 4,502 5,955 6,949 Depreciation and amortization 169,962 162,968 338,774 347,524 Property charges and other 16,019 26,909 18,477 72,629 Corporate expenses and other 32,748 22,213 67,238 48,036 Stock-based compensation 18,285 14,595 32,995 28,495 Triple-net operating lease expense 35,631 — 70,914 — Total other operating expenses 274,122 231,187 534,353 503,633 Operating income (loss) 250,336 (52,028) 419,851 (146,893) Other non-operating income and expenses Interest income 44,127 2,691 84,320 3,971 Interest expense, net of amounts capitalized (190,243) (154,830) (377,983) (306,988) Change in derivatives fair value 24,336 1,562 47,382 8,962 Loss on debt financing transactions (3,375) — (15,611) — Other 6,959 (10,099) (23,655) (25,226) Total other non-operating income and expenses (118,196) (160,676) (285,547) (319,281) Income (loss) before income taxes 132,140 (212,704) 134,304 (466,174) Provision for income taxes (4,305) (718) (5,323) (1,858) Net income (loss) 127,835 (213,422) 128,981 (468,032) Net (income) loss attributable to noncontrolling interests (22,651) 83,371 (11,465) 154,657 Net income (loss) attributable to Wynn Resorts, Limited $ 105,184 $ (130,051) $ 117,516 $ (313,375) (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 15, "Leases." (2) "Adjusted Property EBITDAR" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions, and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. The Company also presents Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations preopening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income (loss) as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income (loss), Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, the Company's calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited.
Summary of Assets by Segment	June 30, 2023 December 31, 2022 Assets Macau Operations: Wynn Palace $ 2,927,349 $ 2,884,073 Wynn Macau 1,644,860 1,430,051 Other Macau 877,651 268,017 Total Macau Operations 5,449,860 4,582,141 Las Vegas Operations 3,140,774 3,168,597 Encore Boston Harbor 2,031,589 2,080,424 Wynn Interactive 192,335 213,837 Corporate and other 2,969,128 3,370,101 Total $ 13,783,686 $ 13,415,100

Organization (Details)

Organization (Details)	Jun. 30, 2023
Wynn Palace and Wynn Macau
Organization and Basis of Presentation [Line Items]
Percentage of ownership	72%
Wynn Las Vegas
Organization and Basis of Presentation [Line Items]
Percentage of ownership	100%
Retail Joint Venture
Organization and Basis of Presentation [Line Items]
Percentage of ownership	50.10%
Wynn Interactive
Organization and Basis of Presentation [Line Items]
Percentage of ownership	97%

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Gaming tax expenses	$ 391,400,000	$ 106,300,000	$ 701,800,000	$ 283,200,000
Investment securities, amortized cost	288,201,000		288,201,000		$ 0
Investment securities, fair value	286,900,000		286,900,000		$ 0
Investment securities, unrecognized holding loss	1,300,000		1,300,000
Investment securities, accrued interest	1,700,000		1,700,000
Investment securities, impairment loss	$ 0		$ 0

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash	$ 1,294,193	$ 1,699,583
Cash equivalents	2,359,773	1,950,857
Total cash and cash equivalents	3,653,966	3,650,440
Restricted cash	93,831	132,550
Total cash, cash equivalents and restricted cash	3,747,797	3,782,990	$ 2,023,736	$ 2,531,067
Restricted cash, bank guarantee	$ 86,700	$ 124,500

Cash, Cash Equivalents and Re_4

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash paid for interest, net of amounts capitalized	$ 346,055	$ 292,218
Liability settled with shares of common stock	6,639	9,287
Accounts and construction payables related to property and equipment	49,014	47,305
Other liabilities related to intangible assets	205,875	5,586
Finance lease liabilities arising from obtaining finance lease assets	657	$ 4,135
Other liabilities related to intangible assets, gaming premium	$ 201,500

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands		6 Months Ended
	Dec. 31, 2022	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 294,875	$ 287,055
Less: allowance for credit losses	(78,842)	(57,261)
Receivables, net	$ 216,033	$ 229,794
Geographic Concentration Risk | Receivables | Outside the United States, primarily Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of markers due from customers	57.60%	64.20%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 171,893	$ 163,699
Allowance for credit losses, percent of gross casino receivables	43.20%	33.20%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 35,654	$ 30,484
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 87,328	$ 92,872

Receivables, net - Schedule of

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year			$ 78,842	$ 111,319
Provision for credit losses	$ (6,640)	$ (3,487)	(7,184)	(3,145)
Write-offs			(22,862)	(16,894)
Recoveries of receivables previously written off			8,655	1,664
Effect of exchange rate			(190)	(365)
Balance at end of period	$ 57,261	$ 92,579	$ 57,261	$ 92,579

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 8,348,018	$ 8,363,427
Land and improvements	1,226,686	1,195,717
Furniture, fixtures and equipment	3,218,402	3,165,659
Airplanes	110,623	110,623
Construction in progress	182,151	112,034
Property and equipment, gross	13,085,880	12,947,460
Less: accumulated depreciation	(6,314,558)	(6,051,400)
Property and equipment, net	$ 6,771,322	$ 6,896,060

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 154.8	$ 154.1	$ 330.4	$ 308.9

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, net - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, net		$ 345,890		$ 146,336
Indefinite-lived intangible assets		8,397		8,397
Goodwill:
Balance at beginning of year	$ 129,738	90,520	$ 129,738
Foreign currency translation		0	(1,457)
Impairment	$ (30,300)	0	$ (37,761)
Balance at end of period		90,520
Goodwill and intangible assets, net		444,807		245,253
Water Rights and Other
Schedule of Intangible Assets [Line Items]
Indefinite-lived intangible assets		8,397		8,397
Macau Gaming Concession
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, gross		208,626		48,304
Less: accumulated amortization		(10,431)		(48,304)
Finite-lived intangible assets, net		198,195		0
Massachusetts Gaming License
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, gross		117,700		117,700
Less: accumulated amortization		(31,561)		(27,638)
Finite-lived intangible assets, net		86,139		90,062
Other
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, gross		75,302		65,194
Less: accumulated amortization		(13,746)		(8,920)
Finite-lived intangible assets, net		$ 61,556		$ 56,274

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, net - Narrative (Details) MOP$ in Thousands	3 Months Ended			6 Months Ended	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2023 MOP (MOP$)
Schedule of Intangible Assets [Line Items]
Other commitment, fixed portion				$ 3,700,000		MOP$ 30000
Expected amortization, remainder of 2023				10,400,000
Expected amortization, 2024 to 2032				20,900,000
Impairment			$ 30,300,000	0	$ 37,761,000
Betbull Transaction
Schedule of Intangible Assets [Line Items]
Impairment of intangible assets		$ 10,300,000
Impairment		$ 7,500,000
Wynn Macau SA
Schedule of Intangible Assets [Line Items]
Financial liability related to gaming concession				$ 208,300,000		1,680,000
Macau Gaming and Non-Gaming Investments | Wynn Macau SA
Schedule of Intangible Assets [Line Items]
Other commitment, term	10 years			10 years
Macau Gaming Concession | Wynn Macau SA
Schedule of Intangible Assets [Line Items]
Other commitment, to be paid, 2023 to 2025				$ 6,600,000		53,100
Other commitment, to be paid, 2026 to 2032				21,900,000		177,000
Macau Gaming Concession | Wynn Macau SA | Scenario One
Schedule of Intangible Assets [Line Items]
Other commitment, variable portion				37,000		300
Macau Gaming Concession | Wynn Macau SA | Scenario Two
Schedule of Intangible Assets [Line Items]
Other commitment, variable portion				19,000		150
Macau Gaming Concession | Wynn Macau SA | Scenario Three
Schedule of Intangible Assets [Line Items]
Other commitment, variable portion				$ 124		MOP$ 1

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Feb. 16, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 12,244,366		$ 12,162,973
WML Convertible Bond Conversion Option Derivative	76,992		0
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(178,631)		(46,114)
Long-term debt total	12,142,727		12,116,859
Less: Current portion of long-term debt	(41,250)		(547,543)
Total long-term debt, net of current portion	12,101,477		11,569,316
WRF 7 1/8% Senior Notes, due 2031 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross		$ 596,200
WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	1,494,366		1,500,473
WML | WML 4 7/8% Senior Notes, due 2024 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000		600,000
Stated interest rate	4.875%
WML | WML 5 1/2% Senior Notes, due 2026 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000		1,000,000
Stated interest rate	5.50%
WML | WML 5 1/2% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000		750,000
Stated interest rate	5.50%
WML | WML 5 5/8% Senior Notes, due 2028 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,350,000		1,350,000
Stated interest rate	5.625%
WML | WML 5 1/8% Senior Notes, due 2029 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,000,000		1,000,000
Stated interest rate	5.125%
WML | WML 4 1/2% Convertible Bonds, due 2029 (2) | Convertible Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000		0
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(129,300)
Long-term debt total	470,700
WRF | WRF Term Loan, due 2024 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	75,572		837,500
WRF | WRF Term Loan, due 2027 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	749,428		0
WRF | WRF 7 3/4% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		600,000
Stated interest rate	7.75%
WRF | WRF 5 1/8% Senior Notes, due 2029 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 750,000		750,000
Stated interest rate	5.125%
WRF | WRF 7 1/8% Senior Notes, due 2031 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000		0
WLV | WLV 4 1/4% Senior Notes, due 2023 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		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	5.125%
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	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 12,244,366	$ 12,244,366	$ 12,162,973
Long-term debt	12,142,727	12,142,727	12,116,859
Unamortized debt issuance costs and original issue discounts and premium, net	178,631	178,631	46,114
WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,494,366	$ 1,494,366	1,500,473
Weighted average interest rate (percent)	7.81%	7.81%
WML | WML 4 1/2% Convertible Bonds, due 2029 (2) | Convertible Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 600,000	0
Long-term debt	470,700	470,700
Unamortized debt issuance costs and original issue discounts and premium, net	129,300	129,300
Interest expense	6,800	8,600
Amortization of debt issuance costs and discounts	4,300	5,400
WRF | Senior Revolving Credit Facility, Due 2024 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Available borrowing capacity	737,000	737,000
Outstanding letters of credit	13,000	13,000
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	$ 615,000
HIBOR or LIBOR | WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Interest in addition to variable rate		1.875%
HIBOR or LIBOR | WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Interest in addition to variable rate		2.875%
Base Rate | WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate		2.625%
LIBOR | WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate		2.875%
Long-term debt, gross	312,500	$ 312,500
HIBOR | WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Interest in addition to variable rate		2.875%
Long-term debt, gross	$ 1,180,000	$ 1,180,000
SOFR | WRF | Senior Secured Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate		1.85%
SOFR | WRF | WRF Credit Facilities
Debt Instrument [Line Items]
Weighted average interest rate (percent)	6.95%	6.95%
SOFR | Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) | Retail Term Loan, due 2025 | Term Loan
Debt Instrument [Line Items]
Interest in addition to variable rate		1.70%
Interest rate during period		5.45%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) $ / shares in Units, $ / shares in Units, $ in Millions

1 Months Ended

3 Months Ended

6 Months Ended

Jun. 27, 2023 USD ($)

Mar. 07, 2023 USD ($) $ / shares

Feb. 16, 2023 USD ($)

Apr. 30, 2023

Mar. 31, 2023 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jun. 27, 2023 HKD ($)

Jun. 02, 2023 USD ($)

May 17, 2023 USD ($)

May 16, 2023 USD ($)

Mar. 07, 2023 $ / shares

Dec. 31, 2022 USD ($)

Debt Instrument [Line Items]

Derivative liability

$ 76,992,000

$ 76,992,000

$ 0

Long-term debt, gross

12,244,366,000

12,244,366,000

12,162,973,000

Payment of fees and expenses related to repayment of credit facilities

41,020,000

$ 3,113,000

Loss on debt financing transactions

3,375,000

$ 0

15,611,000

$ 0

Debt instrument, fair value disclosure

11,560,000,000

11,560,000,000

11,230,000,000

WML Convertible Bonds | Convertible Debt | WML

Debt Instrument [Line Items]

Debt instrument, face amount

$ 600,000,000

Stated interest rate

4.50%

Proceeds from convertible debt

$ 585,900,000

Share price (in dollars per share) | $ / shares

$ 0.001

Debt instrument, convertible, conversion price (in dollars per share) | (per share)

$ 1.31

$ 10.24

Debt instrument, convertible, conversion ratio

7.8497

Debt instrument, unamortized discount

$ 123,500,000

Derivative liability

77,000,000

77,000,000

WRF Credit Facility Agreement

Debt Instrument [Line Items]

Loss on restructuring of debt

1,200,000

Debt issuance costs

5,100,000

5,100,000

WRF Credit Facility Agreement | Senior Secured Term Loan

Debt Instrument [Line Items]

Commitment extended

$ 749,400,000

Commitment not extended

75,600,000

WRF 7 1/8% Senior Notes, due 2031 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 600,000,000

Long-term debt, gross

596,200,000

Payment of fees and expenses related to repayment of credit facilities

3,800,000

2025 WRF Notes | Senior Notes

Debt Instrument [Line Items]

Loss on restructuring of debt

10,600,000

Debt issuance costs

11,400,000

11,400,000

Debt instrument, repurchase amount

506,400,000

Debt instrument, early tender premium

$ 12,400,000

Debt redemption price as percentage of principal

101.938%

WLV 4 1/4% Senior Notes, due 2023 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, repurchase amount

$ 500,000,000

Debt redemption price as percentage of principal

100%

Loss on debt financing transactions

$ 1,000,000

Retail Term Loan Agreement | Medium-term Notes [Member] | Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers)

Debt Instrument [Line Items]

Debt instrument, face amount

$ 615,000,000

Long-term debt, gross

$ 615,000,000

$ 615,000,000

$ 615,000,000

Retail Term Loan Agreement | Medium-term Notes [Member] | SOFR | Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers)

Debt Instrument [Line Items]

Interest in addition to variable rate

1.70%

Senior Secured Revolving Credit Facility | WM Cayman II Revolver, due 2025 | Credit Agreement

Debt Instrument [Line Items]

Floor rate

0%

Senior Secured Revolving Credit Facility | WM Cayman II Revolver, due 2025 | Credit Agreement | SOFR

Debt Instrument [Line Items]

Adjustment rate

0.10%

Senior Secured Revolving Credit Facility | Facility A | Credit Agreement

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

$ 312,500,000

Senior Secured Revolving Credit Facility | Facility A | Credit Agreement | SOFR | Minimum

Debt Instrument [Line Items]

Interest in addition to variable rate

1.875%

Senior Secured Revolving Credit Facility | Facility A | Credit Agreement | SOFR | Maximum

Debt Instrument [Line Items]

Interest in addition to variable rate

2.875%

Senior Secured Revolving Credit Facility | Facility B | Credit Agreement

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

$ 1,180,000,000

$ 9,260

Senior Secured Revolving Credit Facility | Facility B | Credit Agreement | Hong Kong Interbank Offered Rate | Minimum

Debt Instrument [Line Items]

Interest in addition to variable rate

1.875%

Senior Secured Revolving Credit Facility | Facility B | Credit Agreement | Hong Kong Interbank Offered Rate | Maximum

Debt Instrument [Line Items]

Interest in addition to variable rate

2.875%

Senior Secured Revolving Credit Facility | WRF Credit Facility Agreement | Credit Agreement

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

750,000,000

$ 850,000,000

Maximum borrowing capacity, limit decrease

100,000,000

Commitment extended

681,300,000

Commitment not extended

$ 68,700,000

WML Convertible Bond Conversi_3

WML Convertible Bond Conversion Option Derivative - Valuation Techniques for Embedded Derivative (Details)	Jun. 30, 2023	Mar. 02, 2023
WML stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	7.13	8.08
Estimated volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.239	0.260
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.040	0.042
Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	5.7	6
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0	0

WML Convertible Bond Conversi_4

WML Convertible Bond Conversion Option Derivative - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Mar. 07, 2023	Dec. 31, 2022
Derivative [Line Items]
WML Convertible Bond Conversion Option Derivative	$ 76,992	$ 76,992		$ 0
Gain on embedded derivative	21,600	46,500
WML Convertible Bonds | Convertible Debt | WML
Derivative [Line Items]
Debt instrument, unamortized discount			$ 123,500
WML Convertible Bond Conversion Option Derivative	$ 77,000	$ 77,000

Stockholders' Deficit (Details)

Stockholders' Deficit (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended
	Jun. 06, 2023	Dec. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Aug. 09, 2023	May 10, 2023	Apr. 03, 2023	Mar. 06, 2023	Mar. 02, 2023
Subsidiary, Sale of Stock [Line Items]
Cash dividend paid (usd per share)	$ 0.25
Accumulated deficit	$ 28,500	$ 2,711,808	$ 2,622,773
Distribution to noncontrolling interest			8,945	$ 16,523
Additional paid-in capital		$ 3,583,923	$ 3,619,241
Common stock, authorized (in shares)		400,000,000	400,000,000
Common stock, issued (in shares)		132,256,185	132,948,390
Common stock, outstanding (in shares)		113,369,439	113,942,935
Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Dividends payable (usd per share)					$ 0.25
Wynn Palace and Wynn Macau
Subsidiary, Sale of Stock [Line Items]
Percentage of ownership			72%
WM Cayman I | Goldman Sachs International | Securities Lending Agreement
Subsidiary, Sale of Stock [Line Items]
Common stock, authorized (in shares)									459,774,985
Common stock, issued (in shares)								459,774,985
Common Stock, returned (in shares)							280,000,000
Common stock, outstanding (in shares)						179,774,985
Retail Joint Venture | Crown Acquisitions Inc.
Subsidiary, Sale of Stock [Line Items]
Proceeds from real estate joint ventures		$ 50,000
Additional paid-in capital			$ 48,600
Increase from subsidiary equity issuance			$ 1,500
Retail Joint Venture | Crown Acquisitions Inc. | Wynn Resorts Ltd.
Subsidiary, Sale of Stock [Line Items]
Percentage of ownership		49.90%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets:
Cash equivalents	$ 2,359,773	$ 1,950,857
Liabilities:
WML Convertible Bond Conversion Option Derivative	76,992	0
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	2,359,773	1,950,857
Restricted cash	93,831	132,550
Interest rate collar	11,302	10,408
Liabilities:
WML Convertible Bond Conversion Option Derivative	76,992
Fair Value, Measurements, Recurring | Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	0	490,683
Restricted cash	6,017	6,891
Interest rate collar	0	0
Liabilities:
WML Convertible Bond Conversion Option Derivative	0
Fair Value, Measurements, Recurring | Other Observable Inputs (Level 2)
Assets:
Cash equivalents	2,359,773	1,460,174
Restricted cash	87,814	125,659
Interest rate collar	11,302	10,408
Liabilities:
WML Convertible Bond Conversion Option Derivative	0
Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Restricted cash	0	0
Interest rate collar	0	$ 0
Liabilities:
WML Convertible Bond Conversion Option Derivative	$ 76,992

Customer Contract Liabilities S

Customer Contract Liabilities Schedule of Customer Contract Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 398,100	$ 325,187	$ 390,531	$ 352,830
Change in outstanding chips and front money deposits	7,569	(27,643)
Advanced room deposits and ticket sales	73,517	60,777	85,019	55,438
Change in advanced room deposits and ticket sales	(11,502)	5,339
Other gaming related liabilities	29,047	25,272	31,265	26,515
Change in other gaming related liabilities	(2,218)	(1,243)
Loyalty program liabilities	37,799	38,360	35,083	34,695
Change in loyalty program liabilities	2,716	3,665
Total customer contract liabilities	538,463	449,596	$ 541,898	$ 469,478
Change in total customer contract liabilities	$ (3,435)	$ (19,882)

Stock-Based Compensation - Shar

Stock-Based Compensation - Share Based Compensation Allocated Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 18,285	$ 14,595	$ 32,995	$ 28,495
Total stock-based compensation capitalized	1,368	777	2,134	1,457
Total stock-based compensation costs	19,653	15,372	35,129	29,952
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	512	2,723	989	4,978
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	195	215	401	401
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	393	411	802	773
Entertainment, retail and other
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	2,846	1,279	5,885	5,174
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 14,339	$ 9,967	$ 24,918	$ 17,169

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 4,305	$ 718	$ 5,323	$ 1,858

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Shares used in Calculation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited - basic	$ 105,184	$ (130,051)	$ 117,516	$ (313,375)
Assumed conversion of WML Convertible Bonds	(10,629)	0	(22,600)	0
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$ 94,555	$ (130,051)	$ 94,916	$ (313,375)
Denominator:
Weighted average common shares outstanding (shares)	112,889	114,471	112,821	114,749
Potential dilutive effect of stock options and restricted stock (shares)	309	0	322	0
Weighted average common and common equivalent shares outstanding (shares)	113,198	114,471	113,143	114,749
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in usd per share)	$ 0.93	$ (1.14)	$ 1.04	$ (2.73)
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in usd per share)	$ 0.84	$ (1.14)	$ 0.84	$ (2.73)
Antidilutive securities excluded from computation of earnings per share (shares)	321	975	344	975

Leases - Minimum and Contingent

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Minimum rental income	$ 31,811	$ 37,233	$ 65,649	$ 61,834
Contingent rental income	25,206	14,092	53,970	34,715
Total rental income	$ 57,017	$ 51,325	$ 119,619	$ 96,549

Retail Joint Venture - Addition

Retail Joint Venture - Additional information (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Variable Interest Entities [Line Items]
Assets	$ 13,783,686	$ 13,415,100
Liabilities	15,290,850	15,055,465
Long-term debt	12,142,727	12,116,859
Retail Joint Venture | Retail
Schedule of Variable Interest Entities [Line Items]
Assets	112,200	102,900
Liabilities	621,900	620,900
Long-term debt	$ 613,800	$ 613,500

Segment Information - Summary o

Segment Information - Summary of Results of Operations by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,595,822	$ 908,832	$ 3,019,501	$ 1,862,166
Adjusted Property EBITDA	524,458	179,159	954,204	356,740
Other operating expenses
Pre-opening	1,477	4,502	5,955	6,949
Depreciation and amortization	169,962	162,968	338,774	347,524
Property charges and other	16,019	26,909	18,477	72,629
Corporate expenses and other	32,748	22,213	67,238	48,036
Stock-based compensation	18,285	14,595	32,995	28,495
Triple-net operating lease expense	35,631	0	70,914	0
Total other operating expenses	274,122	231,187	534,353	503,633
Operating income (loss)	250,336	(52,028)	419,851	(146,893)
Other non-operating income and expenses
Interest income	44,127	2,691	84,320	3,971
Interest expense, net of amounts capitalized	(190,243)	(154,830)	(377,983)	(306,988)
Change in derivatives fair value	24,336	1,562	47,382	8,962
Loss on debt financing transactions	(3,375)	0	(15,611)	0
Other	6,959	(10,099)	(23,655)	(25,226)
Total other non-operating income and expenses	(118,196)	(160,676)	(285,547)	(319,281)
Income (loss) before income taxes	132,140	(212,704)	134,304	(466,174)
Provision for income taxes	(4,305)	(718)	(5,323)	(1,858)
Net income (loss)	127,835	(213,422)	128,981	(468,032)
Net (income) loss attributable to noncontrolling interests	(22,651)	83,371	(11,465)	154,657
Net income (loss) attributable to Wynn Resorts, Limited - basic	105,184	(130,051)	117,516	(313,375)
Operating Segments | Total Macau Operations
Segment Reporting Information [Line Items]
Total operating revenues	769,943	117,234	1,370,032	415,659
Adjusted Property EBITDA	246,197	(90,340)	402,000	(95,886)
Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	468,350	58,651	837,713	221,976
Adjusted Property EBITDA	156,607	(49,950)	267,665	(50,814)
Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	301,593	58,583	532,319	193,683
Adjusted Property EBITDA	89,590	(40,390)	134,335	(45,072)
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	578,072	561,069	1,164,836	1,002,255
Adjusted Property EBITDA	224,121	226,706	455,718	386,084
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	221,932	210,154	438,238	400,950
Adjusted Property EBITDA	69,104	63,746	132,518	118,996
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	25,875	20,375	46,395	43,302
Corporate, Non-Segment | Wynn Interactive
Segment Reporting Information [Line Items]
Adjusted Property EBITDA	(14,964)	(20,953)	(36,032)	(52,454)
Casino
Segment Reporting Information [Line Items]
Total operating revenues	912,999	359,585	1,679,991	849,447
Casino | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	365,277	27,194	635,964	141,607
Casino | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	242,950	39,959	419,333	142,389
Casino | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	137,946	135,345	292,476	259,616
Casino | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	166,826	157,087	332,218	305,835
Rooms
Segment Reporting Information [Line Items]
Total operating revenues	276,505	201,298	549,034	371,674
Rooms | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	50,092	7,008	97,002	20,839
Rooms | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	26,130	4,762	48,101	14,152
Rooms | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	177,765	167,116	362,874	298,582
Rooms | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	22,518	22,412	41,057	38,101
Food and beverage
Segment Reporting Information [Line Items]
Total operating revenues	257,036	229,816	489,647	403,836
Food and beverage | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	25,260	6,857	48,813	18,300
Food and beverage | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	14,666	5,231	28,968	13,617
Food and beverage | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	195,146	196,627	367,629	332,656
Food and beverage | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	21,964	21,101	44,237	39,263
Entertainment, retail and other
Segment Reporting Information [Line Items]
Total operating revenues	149,282	118,133	300,829	237,209
Entertainment, retail and other | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	27,721	17,592	55,934	41,230
Entertainment, retail and other | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	17,847	8,631	35,917	23,525
Entertainment, retail and other | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	67,215	61,981	141,857	111,401
Entertainment, retail and other | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	10,624	9,554	20,726	17,751
Entertainment, retail and other | Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	$ 25,875	$ 20,375	$ 46,395	$ 43,302

Segment Information - Summary_2

Segment Information - Summary of Assets by Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Assets	$ 13,783,686	$ 13,415,100
Corporate and other
Segment Reporting Information [Line Items]
Assets	2,969,128	3,370,101
Operating Segments | Total Macau Operations
Segment Reporting Information [Line Items]
Assets	5,449,860	4,582,141
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	3,140,774	3,168,597
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	2,031,589	2,080,424
Operating Segments | Wynn Interactive
Segment Reporting Information [Line Items]
Assets	192,335	213,837
Operating Segments | Macau | Wynn Palace
Segment Reporting Information [Line Items]
Assets	2,927,349	2,884,073
Operating Segments | Macau | Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,644,860	1,430,051
Operating Segments | Macau | Other Macau
Segment Reporting Information [Line Items]
Assets	$ 877,651	$ 268,017