Wynn Resorts, Limited (WYNN) 10-Q 9 Nov 23 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		112,945,993
Amendment Flag	false
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,788,108	$ 3,650,440
Restricted cash	983	4,819
Investments	791,676	0
Accounts receivable, net of allowance for credit losses of $59,618 and $78,842, respectively	249,367	216,033
Inventories	75,071	70,094
Prepaid expenses and other	125,971	88,201
Total current assets	4,031,176	4,029,587
Property and equipment, net	6,730,797	6,896,060
Restricted cash	90,495	127,731
Goodwill and intangible assets, net	340,397	245,253
Operating lease assets	1,826,355	1,853,164
Other assets	317,041	263,305
Total assets	13,336,261	13,415,100
Current liabilities:
Accounts and construction payables	187,898	197,474
Customer deposits	517,145	506,148
Gaming taxes payable	138,214	44,967
Accrued compensation and benefits	187,098	187,160
Accrued interest	123,897	135,630
Current portion of long-term debt	112,099	547,543
Other accrued liabilities	247,683	192,501
Total current liabilities	1,514,034	1,811,423
Long-term debt	11,678,732	11,569,316
Long-term operating lease liabilities	1,614,953	1,615,157
Other long-term liabilities	237,591	59,569
Total liabilities	15,045,310	15,055,465
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; 132,986,087 and 132,256,185 shares issued; 113,357,215 and 113,369,439 shares outstanding, respectively	1,330	1,323
Treasury stock, at cost; 19,628,872 and 18,886,746 shares, respectively	(1,694,891)	(1,623,872)
Additional paid-in capital	3,633,517	3,583,923
Accumulated other comprehensive income (loss)	6,218	(404)
Accumulated deficit	(2,767,938)	(2,711,808)
Total Wynn Resorts, Limited stockholders' deficit	(821,764)	(750,838)
Noncontrolling interests	(887,285)	(889,527)
Total stockholders' deficit	(1,709,049)	(1,640,365)
Total liabilities and stockholders' deficit	$ 13,336,261	$ 13,415,100

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 59,618	$ 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)	132,986,087	132,256,185
Common stock, outstanding (in shares)	113,357,215	113,369,439
Treasury stock (in shares)	19,628,872	18,886,746

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating revenues:
Total operating revenues	$ 1,671,936	$ 889,722	$ 4,691,437	$ 2,751,888
Operating expenses:
General and administrative	268,445	201,275	785,538	598,433
Provision for credit losses	870	(8,186)	(6,314)	(11,331)
Pre-opening	867	6,447	6,822	13,396
Depreciation and amortization	171,969	172,502	510,743	520,026
Impairment of goodwill and intangible assets	93,990	0	94,490	48,036
Property charges and other	114,288	4,733	132,265	29,326
Total operating expenses	1,609,341	942,713	4,208,991	2,951,772
Operating income (loss)	62,595	(52,991)	482,446	(199,884)
Other income (expense):
Interest income	46,534	6,892	130,854	10,863
Interest expense, net of amounts capitalized	(188,571)	(165,277)	(566,554)	(472,265)
Change in derivatives fair value	(50,637)	5,839	(3,255)	14,801
Gain (loss) on debt financing transactions	2,928	0	(12,683)	0
Other	3,861	(864)	(19,794)	(26,090)
Other income (expense), net	(185,885)	(153,410)	(471,432)	(472,691)
Income (loss) before income taxes	(123,290)	(206,401)	11,014	(672,575)
Benefit (provision) for income taxes	2,749	(1,390)	(2,574)	(3,248)
Net income (loss)	(120,541)	(207,791)	8,440	(675,823)
Less: net (income) loss attributable to noncontrolling interests	3,863	64,899	(7,602)	219,556
Net income (loss) attributable to Wynn Resorts, Limited	$ (116,678)	$ (142,892)	$ 838	$ (456,267)
Net income (loss) attributable to Wynn Resorts, Limited:
Basic (in usd per share)	$ (1.03)	$ (1.27)	$ 0.01	$ (4)
Diluted (in usd per share)	$ (1.03)	$ (1.27)	$ 0.01	$ (4)
Weighted average common shares outstanding:
Basic (in shares)	112,797	112,709	112,813	114,061
Diluted (in shares)	112,797	112,709	113,132	114,061
Casino
Operating revenues:
Total operating revenues	$ 972,453	$ 359,876	$ 2,652,444	$ 1,209,323
Operating expenses:
Cost of goods and services sold	577,733	239,901	1,594,761	808,044
Rooms
Operating revenues:
Total operating revenues	289,338	197,212	838,372	568,886
Operating expenses:
Cost of goods and services sold	77,790	67,689	224,275	191,474
Food and beverage
Operating revenues:
Total operating revenues	267,432	224,730	757,079	628,566
Operating expenses:
Cost of goods and services sold	220,835	185,388	605,376	517,515
Entertainment, retail and other
Operating revenues:
Total operating revenues	142,713	107,904	443,542	345,113
Operating expenses:
Cost of goods and services sold	$ 82,554	$ 72,964	$ 261,035	$ 236,853

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (120,541)	$ (207,791)	$ 8,440	$ (675,823)
Other comprehensive income (loss):
Foreign currency translation adjustments, before and after tax	(2,319)	732	9,249	6,213
Total comprehensive income (loss)	(122,860)	(207,059)	17,689	(669,610)
Less: comprehensive (income) loss attributable to noncontrolling interests	4,484	64,726	(10,229)	217,727
Comprehensive income (loss) attributable to Wynn Resorts, Limited	$ (118,376)	$ (142,333)	$ 7,460	$ (451,883)

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)	(675,823)	(456,267)					(456,267)	(219,556)
Currency translation adjustment	6,213	4,384				4,384		1,829
Issuance of restricted stock (in shares)			763,660
Issuance of restricted stock	9,288	9,288	$ 8		9,280
Cancellation of restricted stock (in shares)			(86,174)
Cancellation of restricted stock	0	0	$ (1)		1
Shares repurchased by the Company and held as treasury shares (in shares)			(3,019,099)
Shares repurchased by the Company and held as treasury shares	(178,624)	(178,624)		(178,624)
Distribution to noncontrolling interest	(21,505)							(21,505)
Contribution from noncontrolling interest	50,033	48,559			48,559			1,474
Transactions with subsidiary minority shareholders	2,896	(15,123)			(15,123)			18,019
Stock-based compensation	46,774	39,048			38,925		123	7,726
Ending balance (in shares) at Sep. 30, 2022			113,373,330
Ending balance at Sep. 30, 2022	(1,596,963)	(763,153)	$ 1,321	(1,614,997)	3,584,357	10,388	(2,744,222)	(833,810)
Beginning balance (in shares) at Jun. 30, 2022			113,707,642
Beginning 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(207,791)	(142,892)					(142,892)	(64,899)
Currency translation adjustment	732	559				559		173
Issuance of restricted stock (in shares)			166,424
Issuance of restricted stock	0	0	$ 1		(1)
Cancellation of restricted stock (in shares)			(3,674)
Shares repurchased by the Company and held as treasury shares (in shares)			(497,062)
Shares repurchased by the Company and held as treasury shares	(29,319)	(29,319)		(29,319)
Distribution to noncontrolling interest	(4,982)							(4,982)
Transactions with subsidiary minority shareholders	0	1,627			1,627			(1,627)
Stock-based compensation	18,651	16,234			16,233		1	2,417
Ending balance (in shares) at Sep. 30, 2022			113,373,330
Ending balance at Sep. 30, 2022	(1,596,963)	(763,153)	$ 1,321	(1,614,997)	3,584,357	10,388	(2,744,222)	(833,810)
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)	8,440	838					838	7,602
Currency translation adjustment	9,249	6,622				6,622		2,627
Exercise of stock options (in shares)			32,284
Exercise of stock options	1,965	1,965			1,965
Issuance of restricted stock (in shares)			708,428
Issuance of restricted stock	6,638	6,638	$ 7		6,631
Cancellation of restricted stock (in shares)			(16,991)
Shares repurchased by the Company and held as treasury shares (in shares)			(742,126)
Shares repurchased by the Company and held as treasury shares	(71,019)	(71,019)		(71,019)
Cash dividends declared	(56,968)	(56,968)					(56,968)
Distribution to noncontrolling interest	(15,929)	(2,994)			(2,994)			(12,935)
Transactions with subsidiary minority shareholders (in shares)			6,181
Transactions with subsidiary minority shareholders	0	(754)			(754)			754
Stock-based compensation	48,940	44,746			44,746			4,194
Ending balance (in shares) at Sep. 30, 2023			113,357,215
Ending balance at Sep. 30, 2023	(1,709,049)	(821,764)	$ 1,330	(1,694,891)	3,633,517	6,218	(2,767,938)	(887,285)
Beginning balance (in shares) at Jun. 30, 2023			113,942,935
Beginning 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(120,541)	(116,678)					(116,678)	(3,863)
Currency translation adjustment	(2,319)	(1,698)				(1,698)		(621)
Issuance of restricted stock (in shares)			40,099
Issuance of restricted stock	0	0	$ 1		(1)
Cancellation of restricted stock (in shares)			(2,402)
Shares repurchased by the Company and held as treasury shares (in shares)			(623,417)
Shares repurchased by the Company and held as treasury shares	(58,925)	(58,925)		(58,925)
Cash dividends declared	(28,487)	(28,487)					(28,487)
Distribution to noncontrolling interest	(6,984)	0			0			(6,984)
Stock-based compensation	15,371	14,277			14,277			1,094
Ending balance (in shares) at Sep. 30, 2023			113,357,215
Ending balance at Sep. 30, 2023	$ (1,709,049)	$ (821,764)	$ 1,330	$ (1,694,891)	$ 3,633,517	$ 6,218	$ (2,767,938)	$ (887,285)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 8,440	$ (675,823)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	510,743	520,026
Deferred income taxes	(198)	1,188
Stock-based compensation expense	49,139	48,569
Amortization of debt issuance costs	29,251	21,859
Loss on debt financing transactions	12,683	0
Provision for credit losses	(6,314)	(11,331)
Change in derivatives fair value	3,255	(14,801)
Impairment of goodwill and intangible assets	94,490	48,036
Property charges and other	146,298	55,416
Increase (decrease) in cash from changes in:
Receivables, net	(29,513)	341
Inventories, prepaid expenses and other	(34,118)	(7,199)
Customer deposits	12,265	1,731
Accounts payable and accrued expenses	10,129	(141,050)
Net cash provided by (used in) operating activities	806,550	(153,038)
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(329,428)	(273,251)
Purchase of investments	(786,519)	0
Purchase of intangible and other assets	(62,921)	(10,919)
Proceeds from sale of assets and other	490	485
Net cash used in investing activities	(1,178,378)	(283,685)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	1,200,000	211,435
Repayments of long-term debt	(1,522,812)	(37,500)
Repurchase of common stock	(71,019)	(178,624)
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	(15,929)	(21,505)
Dividends paid	(56,720)	(1,316)
Finance lease payments	(14,407)	(12,812)
Payments for financing costs	(41,160)	(3,165)
Other	(7,773)	0
Net cash (used in) provided by financing activities	(527,855)	9,441
Effect of exchange rate on cash, cash equivalents and restricted cash	(3,721)	(1,119)
Cash, cash equivalents and restricted cash:
Decrease in cash, cash equivalents and restricted cash	(903,404)	(428,401)
Balance, beginning of period	3,782,990	2,531,067
Balance, end of period	$ 2,879,586	$ 2,102,666

Organization

Organization	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Wynn Resorts, Limited, a Nevada corporation (together with its subsidiaries, "Wynn Resorts" or the "Company"), is a designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming. In the Macau Special Administrative Region ("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	9 Months Ended
	Sep. 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 nine months ended September 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. Certain amounts in the condensed consolidated financial statements for the nine months ended September 30, 2022 have been reclassified to be consistent with the current period presentation. These reclassifications had no effect on the previously reported net loss or operating loss. 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 $415.0 million and $105.2 million for the three months ended September 30, 2023 and 2022, respectively, and $1.12 billion and $388.4 million for the nine months ended September 30, 2023 and 2022, respectively. Investments The Company's investments include financial assets in the form of interest-bearing fixed deposits, which are recorded at fair value (see Note 10, "Fair Value Measurements"), and debt securities in the form of United States treasury bills. Investments in debt securities which the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost. Debt securities held primarily for the purpose of selling in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses included in income. Debt securities not classified as held-to-maturity or trading are classified as available-for-sale and are reported at fair value with unrealized gains and losses as a separate component of other comprehensive income. Premiums and discounts on debt securities are amortized or accreted into interest income using the effective interest method. All of the Company’s debt securities are classified as held-to-maturity. As of September 30, 2023, the Company held $500.0 million in fixed deposits, recorded at fair value, and $291.7 million in debt securities, recorded at amortized cost within Investments on the Condensed Consolidated Balance Sheets. The estimated fair value of the Company's debt securities as of September 30, 2023 was approximately $290.7 million and the gross unrecognized holding loss was $1.0 million. As of September 30, 2023, the Company had $5.2 million in accrued interest on its debt securities, recorded in Investments on the Condensed Consolidated Balance Sheets. As of December 31, 2022, the Company had no investments in fixed deposits or debt securities recorded within Investments on the Condensed Consolidated Balance Sheets. 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 nine months ended September 30, 2023, no impairment 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 standard-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	9 Months Ended
	Sep. 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): September 30, 2023 December 31, 2022 Cash and cash equivalents: Cash (1) $ 1,668,003 $ 1,699,583 Cash equivalents (2) 1,120,105 1,950,857 Total cash and cash equivalents 2,788,108 3,650,440 Restricted cash (3) 91,478 132,550 Total cash, cash equivalents and restricted cash $ 2,879,586 $ 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 September 30, 2023 and December 31, 2022 included $87.3 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): Nine Months Ended September 30, 2023 2022 Cash paid for interest, net of amounts capitalized $ 536,021 $ 437,760 Liability settled with shares of common stock $ 6,639 $ 9,287 Accounts and construction payables related to property and equipment $ 58,518 $ 27,603 Other liabilities related to intangible assets (1) $ 207,106 $ 4,163 Finance lease liabilities arising from obtaining finance lease assets $ 8,191 $ 4,778

Receivables, net

Receivables, net	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Receivables, net	Receivables, net Accounts Receivable and Credit Risk Receivables, net consisted of the following (in thousands): September 30, 2023 December 31, 2022 Casino $ 179,522 $ 171,893 Hotel 40,670 35,654 Other 88,793 87,328 308,985 294,875 Less: allowance for credit losses (59,618) (78,842) $ 249,367 $ 216,033 As of September 30, 2023 and December 31, 2022, approximately 66.8% 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 31.3% and 43.2% of gross casino receivables as of September 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): September 30, 2023 2022 Balance at beginning of year $ 78,842 $ 111,319 Provision for credit losses (6,314) (11,331) Write-offs (23,262) (22,507) Recoveries of receivables previously written off 10,521 4,103 Effect of exchange rate (169) (376) Balance at end of period $ 59,618 $ 81,208

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Sep. 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): September 30, 2023 December 31, 2022 Buildings and improvements $ 8,360,768 $ 8,363,427 Land and improvements 1,226,090 1,195,717 Furniture, fixtures and equipment 3,252,135 3,165,659 Airplanes 110,623 110,623 Construction in progress 231,129 112,034 13,180,745 12,947,460 Less: accumulated depreciation (6,449,948) (6,051,400) $ 6,730,797 $ 6,896,060 As of September 30, 2023 and December 31, 2022, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, net	9 Months Ended
	Sep. 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): September 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,810 $ 48,304 Less: accumulated amortization (15,661) (48,304) 193,149 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (33,523) (27,638) 84,177 90,062 Other finite-lived intangible assets 50,054 65,194 Less: accumulated amortization (13,845) (8,920) 36,209 56,274 Total finite-lived intangible assets 313,535 146,336 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 (72,055) (37,761) Balance at end of period 18,465 90,520 Total goodwill and intangible assets, net $ 340,397 $ 245,253 Wynn Interactive Goodwill and Finite-Lived Intangible Assets During the three months ended September 30, 2023, as a result of the Company's decision to cease operating Wynn Interactive's online sports betting and iGaming platform in certain jurisdictions, the Company identified interim indicators of impairment related to the goodwill assigned to the WynnBET reporting unit within the Wynn Interactive reportable segment. As a result, the Company performed an interim impairment test as of September 30, 2023, and determined that the carrying value of its goodwill exceeded the estimated fair value of that reporting unit based on a combination of the income and cost approaches, causing the Company to recognize a goodwill impairment loss of $72.1 million. As of September 30, 2023, the Company had no remaining goodwill recorded related to the acquisition of BetBull Limited ("BetBull"), a subsidiary of Wynn Interactive. The Company also recognized impairment of other finite-lived intangible assets related to Wynn Interactive's closed operations totaling $21.9 million during the three months ended September 30, 2023. During the nine months ended September 30, 2022, the Company identified interim indicators of impairment of Wynn Interactive's BetBull reporting unit following management's decision to cease the operations of BetBull as well as changes in forecasts and other industry-specific factors. After revisiting the estimated fair value of the BetBull reporting units based on a combination of the income and market approaches, the Company recognized impairment of goodwill totaling $37.8 million and impairment of other finite-lived intangible totaling $10.3 million. 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 $5.2 million in the three months ending December 31, 2023, and $20.9 million each year from 2024 to 2032.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): September 30, 2023 December 31, 2022 Macau Related: WM Cayman II Revolver, due 2025 (1) $ 1,495,406 $ 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 74,628 837,500 WRF Term Loan, due 2027 740,060 — WLV 4 1/4% Senior Notes, due 2023 — 500,000 WLV 5 1/2% Senior Notes, due 2025 1,380,001 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 11,835,095 12,162,973 WML Convertible Bond Conversion Option Derivative 125,752 — Less: Unamortized debt issuance costs and original issue discounts and premium, net (170,016) (46,114) 11,790,831 12,116,859 Less: Current portion of long-term debt (112,099) (547,543) Total long-term debt, net of current portion $ 11,678,732 $ 11,569,316 (1) As of September 30, 2023, the borrowings under the WM Cayman II Revolver bear interest at the term secured overnight financing rate ("Term SOFR") plus a credit adjustment spread of 0.10% or HIBOR, in each case plus a margin of 1.875% to 2.875% per annum based on WM Cayman II’s leverage ratio on a consolidated basis. Approximately $312.5 million and $1.18 billion of the WM Cayman II Revolver bears interest at a rate of Term SOFR plus 2.1% per year and HIBOR plus 2.0% per year, respectively. As of September 30, 2023, the weighted average interest rate was approximately 7.35%. As of September 30, 2023, the WM Cayman II Revolver was fully drawn. (2) As of September 30, 2023, the net carrying amount of the WML Convertible Bonds was $475.1 million, with unamortized debt discount and debt issuance costs of $124.9 million. The Company recorded contractual interest expense of $6.8 million and $15.3 million and amortization of discounts and issuance costs of $4.4 million and $9.7 million during the three and nine months ended September 30, 2023, respectively. (3) The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of September 30, 2023, the weighted average interest rate was approximately 7.17%. Additionally, as of September 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 adjusted daily simple secured overnight financing rate ("SOFR") plus 1.80% per year. As of September 30, 2023, the interest rate was 5.47%. 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 SOFR, effective July 3, 2023. WM Cayman II Revolver Facility Agreement Amendment Due to the global phase out of London Interbank Offered Rate ("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 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 a credit adjustment spread of 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 statements 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 September 30, 2023, the estimated fair value of the WML Convertible Bond Conversion Option Derivative was a liability of $125.8 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 Statements 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 Statements of Operations, and the Company recorded debt issuance costs of $11.4 million within the accompanying Condensed Consolidated Balance Sheet. WLV 5 1/2% Senior Notes, due 2025 In August 2023, Wynn Las Vegas repurchased $400.0 million aggregate principal amount of its 5 1/2% Senior Notes due 2025 (the "2025 WLV Senior Notes"), at a price equal to 94% of the principal amount, plus accrued interest and an early tender premium of $20.0 million to the holders of validly tendered 2025 WLV Senior Notes. WRF used cash held by Wynn Resorts to purchase such tendered 2025 WLV Senior Notes and to pay the tender premium and related fees and expenses. In connection with the completion of the tender, the Company recognized a gain on debt financing transaction of $2.9 million within the accompanying Condensed Consolidated Statements of Operations. 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. In connection with the repurchase, the Company recognized a loss on debt financing transaction of $1.0 million within the accompanying Condensed Consolidated Statements of Operations. 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 September 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	9 Months Ended
	Sep. 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 statements 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: September 30, 2023 March 2, 2023 (Pricing date) WML stock price HK$ 7.50 HK$ 8.08 Estimated volatility 33.6 % 26.0 % Risk-free interest rate 4.4 % 4.2 % Expected term (years) 5.4 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 September 30, 2023, the estimated fair value of the embedded derivative was a liability of $125.8 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 loss of $48.8 million and $2.3 million within Change in derivatives fair value in the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2023, respectively.

Stockholders' Deficit

Stockholders' Deficit	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders' Deficit	Stockholders' Deficit Equity Repurchase Program In April 2016, the Company's board of directors authorized an equity repurchase program of up to $1.00 billion, which may include repurchases by the Company of its common stock from time to time through open market purchases, privately negotiated transactions, and under plans complying with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended. Any shares repurchased pursuant to the equity repurchase program are held as treasury shares. During the three and nine months ended September 30, 2023, the Company repurchased 596,948 shares of its common stock at an average price of $94.11 per share, for an aggregate cost of $56.2 million under the equity repurchase program. During the three and nine months ended September 30, 2022, the Company repurchased 491,503 and 2,873,431 shares of its common stock, respectively, at average prices of $58.95 and $57.91 per share, respectively, for an aggregate cost of $29.0 million and $166.4 million, respectively, under the equity repurchase program. As of September 30, 2023, the Company had $572.7 million in repurchase authority remaining under the program. Dividends The Company paid a cash dividend of $0.25 per share in each of the quarters ended June 30, 2023 and September 30, 2023 and recorded $28.5 million and $28.2 million, respectively, against accumulated deficit. On November 9, 2023, the Company declared a cash dividend of $0.25 per share, payable on November 30, 2023 to stockholders of record as of November 20, 2023. Noncontrolling Interests Retail Joint Venture During the nine months ended September 30, 2023 and 2022, the Retail Joint Venture made aggregate distributions of approximately $15.9 million and $21.5 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 approximate 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	9 Months Ended
	Sep. 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: September 30, 2023 Quoted Other Unobservable Assets: Cash equivalents $ 1,120,105 $ — $ 1,120,105 $ — Restricted cash $ 91,478 $ 3,110 $ 88,368 $ — Fixed deposits $ 500,000 $ — $ 500,000 $ — Interest rate collar $ 9,425 $ — $ 9,425 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 8) $ 125,752 $ — $ — $ 125,752 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	9 Months Ended
	Sep. 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): September 30, 2023 December 31, 2022 Increase / (decrease) September 30, 2022 December 31, 2021 Increase / (decrease) Casino outstanding chips and front money deposits (1) $ 397,828 $ 390,531 $ 7,297 $ 327,004 $ 352,830 $ (25,826) Advance room deposits and ticket sales (2) 97,705 85,019 12,686 76,256 55,438 20,818 Other gaming-related liabilities (3) 25,208 31,265 (6,057) 30,610 26,515 4,095 Loyalty program and related liabilities (4) 34,215 35,083 (868) 38,323 34,695 3,628 $ 554,956 $ 541,898 $ 13,058 $ 472,193 $ 469,478 $ 2,715 (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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Casino $ 550 $ 3,857 $ 1,539 $ 8,835 Rooms 197 415 598 816 Food and beverage 376 774 1,178 1,547 Entertainment, retail and other 946 3,064 6,831 8,238 General and administrative 14,075 11,964 38,993 29,133 Total stock-based compensation expense 16,144 20,074 49,139 48,569 Total stock-based compensation capitalized 1,563 894 3,697 2,351 Total stock-based compensation costs $ 17,707 $ 20,968 $ 52,836 $ 50,920

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded an income tax benefit of $2.7 million and an expense of $1.4 million for the three months ended September 30, 2023 and 2022, respectively and an income tax expense of $2.6 million and $3.2 million for the nine months ended September 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 changes in U.S. deferred taxes. 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. Given the Company’s current earnings and anticipated future earnings, the Company believes there is a reasonable possibility that within the next 12 months, sufficient positive evidence may become available to reach a conclusion that a portion of the valuation allowance on certain of its U.S. deferred tax assets will no longer be needed. WRM received an exemption from Macau's 12% Complementary Tax on casino gaming profits (the "Tax Holiday") through December 31, 2022. In December 2022, the Company applied for an exemption from Complementary Tax on casino gaming profits commencing January 1, 2023. The application is subject to approval. WRM had an agreement with the Macau government that provided for a payment of MOP 12.8 million (approximately $1.6 million) as complementary tax otherwise due by stockholders of WRM through December 31, 2022. The Company is evaluating an extension of this agreement.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") is computed by dividing net income (loss) attributable to Wynn Resorts 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net income (loss) attributable to Wynn Resorts, Limited - basic $ (116,678) $ (142,892) $ 838 $ (456,267) Effect of dilutive securities of Wynn Resorts, Limited subsidiaries: Assumed conversion of WML Convertible Bonds — — — — Net income (loss) attributable to Wynn Resorts, Limited - diluted $ (116,678) $ (142,892) $ 838 $ (456,267) Denominator: Weighted average common shares outstanding 112,797 112,709 112,813 114,061 Potential dilutive effect of stock options, nonvested, and performance nonvested shares — — 319 — Weighted average common and common equivalent shares outstanding 112,797 112,709 113,132 114,061 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ (1.03) $ (1.27) $ 0.01 $ (4.00) Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ (1.03) $ (1.27) $ 0.01 $ (4.00) Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 1,255 1,087 308 1,087

Leases

Leases	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Minimum rental income $ 33,196 $ 31,962 $ 98,845 $ 93,796 Contingent rental income 20,700 10,689 74,670 45,404 Total rental income $ 53,896 $ 42,651 $ 173,515 $ 139,200

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint VentureAs of September 30, 2023 and December 31, 2022, the Retail Joint Venture had total assets of $107.7 million and $102.9 million, respectively, and total liabilities of $622.3 million and $620.9 million, respectively. As of September 30, 2023 and December 31, 2022, the Retail Joint Venture's liabilities included long-term debt of $613.9 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating revenues Macau Operations: Wynn Palace Casino $ 418,043 $ 45,361 $ 1,054,007 $ 186,968 Rooms 54,309 6,974 151,311 27,813 Food and beverage 26,215 5,727 75,028 24,027 Entertainment, retail and other (1) 26,206 17,186 82,140 58,416 524,773 75,248 1,362,486 297,224 Wynn Macau Casino 230,294 22,832 649,627 165,221 Rooms 31,673 4,395 79,774 18,547 Food and beverage 18,287 4,261 47,255 17,878 Entertainment, retail and other (1) 14,762 8,880 50,679 32,405 295,016 40,368 827,335 234,051 Total Macau Operations 819,789 115,616 2,189,821 531,275 Las Vegas Operations: Casino 168,130 134,314 460,606 393,930 Rooms 178,518 162,125 541,392 460,707 Food and beverage 203,066 193,733 570,695 526,389 Entertainment, retail and other (1) 69,252 54,217 211,109 165,618 Total Las Vegas Operations 618,966 544,389 1,783,802 1,546,644 Encore Boston Harbor: Casino 155,986 157,369 488,204 463,204 Rooms 24,838 23,718 65,895 61,819 Food and beverage 19,864 21,009 64,101 60,272 Entertainment, retail and other (1) 9,715 9,687 30,441 27,438 Total Encore Boston Harbor 210,403 211,783 648,641 612,733 Wynn Interactive: Entertainment, retail and other 22,778 17,934 69,173 61,236 Total Wynn Interactive 22,778 17,934 69,173 61,236 Total operating revenues $ 1,671,936 $ 889,722 $ 4,691,437 $ 2,751,888 (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 15, "Leases." Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Adjusted Property EBITDAR (1) Macau Operations: Wynn Palace $ 177,048 $ (21,808) $ 444,713 $ (72,622) Wynn Macau 77,939 (43,806) 212,274 (88,878) Total Macau Operations 254,987 (65,614) 656,987 (161,500) Las Vegas Operations 219,740 195,760 675,458 581,844 Encore Boston Harbor 60,498 61,136 193,016 180,132 Wynn Interactive (4,864) (17,748) (40,896) (70,202) Total 530,361 173,534 1,484,565 530,274 Other operating expenses Pre-opening 867 6,447 6,822 13,396 Depreciation and amortization 171,969 172,502 510,743 520,026 Impairment of goodwill and intangible assets 93,990 — 94,490 48,036 Property charges and other (2) 114,288 4,733 132,265 29,326 Corporate expenses and other 35,104 22,769 102,342 70,805 Stock-based compensation 16,144 20,074 49,139 48,569 Triple-net operating lease expense 35,404 — 106,318 — Total other operating expenses 467,766 226,525 1,002,119 730,158 Operating income (loss) 62,595 (52,991) 482,446 (199,884) Other non-operating income and expenses Interest income 46,534 6,892 130,854 10,863 Interest expense, net of amounts capitalized (188,571) (165,277) (566,554) (472,265) Change in derivatives fair value (50,637) 5,839 (3,255) 14,801 Gain (loss) on debt financing transactions 2,928 — (12,683) — Other 3,861 (864) (19,794) (26,090) Total other non-operating income and expenses (185,885) (153,410) (471,432) (472,691) Income (loss) before income taxes (123,290) (206,401) 11,014 (672,575) Benefit (provision) for income taxes 2,749 (1,390) (2,574) (3,248) Net income (loss) (120,541) (207,791) 8,440 (675,823) Net (income) loss attributable to noncontrolling interests 3,863 64,899 (7,602) 219,556 Net income (loss) attributable to Wynn Resorts, Limited $ (116,678) $ (142,892) $ 838 $ (456,267) (1) "Adjusted Property EBITDAR" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, impairment of goodwill and intangible assets, 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, gain (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 pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property 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, interest payments, 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. (2) For the three and nine months ended September 30, 2023, includes $97.7 million related to the Company's decision to cease operating Wynn Interactive's online sports betting and iGaming platform in certain jurisdictions. September 30, 2023 December 31, 2022 Assets Macau Operations: Wynn Palace $ 2,929,750 $ 2,884,073 Wynn Macau 1,712,077 1,430,051 Other Macau 858,098 268,017 Total Macau Operations 5,499,925 4,582,141 Las Vegas Operations 3,133,145 3,168,597 Encore Boston Harbor 2,024,697 2,080,424 Wynn Interactive 86,067 213,837 Corporate and other 2,592,427 3,370,101 Total $ 13,336,261 $ 13,415,100

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to Wynn Resorts, Limited - basic	$ (116,678)	$ (142,892)	$ 838	$ (456,267)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Craig S. Bilings [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On June 2, 2023, Craig S. Billings, Director and Chief Executive Officer, Wynn Resorts, Limited, adopted a trading plan intended to satisfy the affirmative defense conditions under Rule 10b5-1(c) under the Exchange Act. The plan covers the exercise of up to 10,902 employee stock options and the sale of shares of common stock acquired upon exercise of such options, as well as the sale of up to 8,333 shares of the Company's common stock at an established limit price. The plan expires on the earlier of the date all the shares under the plan are sold and August 9, 2024.
Name	Craig S. Billings
Title	Director and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 2, 2023
Arrangement Duration	434 days
Rule Trading Arrangement, Employee Stock Options [Member] | Craig S. Bilings [Member]
Trading Arrangements, by Individual
Aggregate Available	10,902	10,902
Rule Trading Arrangement, Common Stock [Member] | Craig S. Bilings [Member]
Trading Arrangements, by Individual
Aggregate Available	8,333	8,333

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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. Certain amounts in the condensed consolidated financial statements for the nine months ended September 30, 2022 have been reclassified to be consistent with the current period presentation. These reclassifications had no effect on the previously reported net loss or operating loss. 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 standard-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	Investments The Company's investments include financial assets in the form of interest-bearing fixed deposits, which are recorded at fair value (see Note 10, "Fair Value Measurements"), and debt securities in the form of United States treasury bills. Investments in debt securities which the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost. Debt securities held primarily for the purpose of selling in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses included in income. Debt securities not classified as held-to-maturity or trading are classified as available-for-sale and are reported at fair value with unrealized gains and losses as a separate component of other comprehensive income. Premiums and discounts on debt securities are amortized or accreted into interest income using the effective interest method. All of the Company’s debt securities are classified as held-to-maturity.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	9 Months Ended
	Sep. 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): September 30, 2023 December 31, 2022 Cash and cash equivalents: Cash (1) $ 1,668,003 $ 1,699,583 Cash equivalents (2) 1,120,105 1,950,857 Total cash and cash equivalents 2,788,108 3,650,440 Restricted cash (3) 91,478 132,550 Total cash, cash equivalents and restricted cash $ 2,879,586 $ 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 September 30, 2023 and December 31, 2022 included $87.3 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): September 30, 2023 December 31, 2022 Cash and cash equivalents: Cash (1) $ 1,668,003 $ 1,699,583 Cash equivalents (2) 1,120,105 1,950,857 Total cash and cash equivalents 2,788,108 3,650,440 Restricted cash (3) 91,478 132,550 Total cash, cash equivalents and restricted cash $ 2,879,586 $ 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 September 30, 2023 and December 31, 2022 included $87.3 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): Nine Months Ended September 30, 2023 2022 Cash paid for interest, net of amounts capitalized $ 536,021 $ 437,760 Liability settled with shares of common stock $ 6,639 $ 9,287 Accounts and construction payables related to property and equipment $ 58,518 $ 27,603 Other liabilities related to intangible assets (1) $ 207,106 $ 4,163 Finance lease liabilities arising from obtaining finance lease assets $ 8,191 $ 4,778

Receivables, net (Tables)

Receivables, net (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Receivables, net	Receivables, net consisted of the following (in thousands): September 30, 2023 December 31, 2022 Casino $ 179,522 $ 171,893 Hotel 40,670 35,654 Other 88,793 87,328 308,985 294,875 Less: allowance for credit losses (59,618) (78,842) $ 249,367 $ 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): September 30, 2023 2022 Balance at beginning of year $ 78,842 $ 111,319 Provision for credit losses (6,314) (11,331) Write-offs (23,262) (22,507) Recoveries of receivables previously written off 10,521 4,103 Effect of exchange rate (169) (376) Balance at end of period $ 59,618 $ 81,208

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): September 30, 2023 December 31, 2022 Buildings and improvements $ 8,360,768 $ 8,363,427 Land and improvements 1,226,090 1,195,717 Furniture, fixtures and equipment 3,252,135 3,165,659 Airplanes 110,623 110,623 Construction in progress 231,129 112,034 13,180,745 12,947,460 Less: accumulated depreciation (6,449,948) (6,051,400) $ 6,730,797 $ 6,896,060

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, net (Tables)	9 Months Ended
	Sep. 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): September 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,810 $ 48,304 Less: accumulated amortization (15,661) (48,304) 193,149 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (33,523) (27,638) 84,177 90,062 Other finite-lived intangible assets 50,054 65,194 Less: accumulated amortization (13,845) (8,920) 36,209 56,274 Total finite-lived intangible assets 313,535 146,336 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 (72,055) (37,761) Balance at end of period 18,465 90,520 Total goodwill and intangible assets, net $ 340,397 $ 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): September 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,810 $ 48,304 Less: accumulated amortization (15,661) (48,304) 193,149 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (33,523) (27,638) 84,177 90,062 Other finite-lived intangible assets 50,054 65,194 Less: accumulated amortization (13,845) (8,920) 36,209 56,274 Total finite-lived intangible assets 313,535 146,336 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 (72,055) (37,761) Balance at end of period 18,465 90,520 Total goodwill and intangible assets, net $ 340,397 $ 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): September 30, 2023 December 31, 2022 Finite-lived intangible assets: Macau gaming concession $ 208,810 $ 48,304 Less: accumulated amortization (15,661) (48,304) 193,149 — Massachusetts gaming license 117,700 117,700 Less: accumulated amortization (33,523) (27,638) 84,177 90,062 Other finite-lived intangible assets 50,054 65,194 Less: accumulated amortization (13,845) (8,920) 36,209 56,274 Total finite-lived intangible assets 313,535 146,336 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 (72,055) (37,761) Balance at end of period 18,465 90,520 Total goodwill and intangible assets, net $ 340,397 $ 245,253

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following (in thousands): September 30, 2023 December 31, 2022 Macau Related: WM Cayman II Revolver, due 2025 (1) $ 1,495,406 $ 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 74,628 837,500 WRF Term Loan, due 2027 740,060 — WLV 4 1/4% Senior Notes, due 2023 — 500,000 WLV 5 1/2% Senior Notes, due 2025 1,380,001 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 11,835,095 12,162,973 WML Convertible Bond Conversion Option Derivative 125,752 — Less: Unamortized debt issuance costs and original issue discounts and premium, net (170,016) (46,114) 11,790,831 12,116,859 Less: Current portion of long-term debt (112,099) (547,543) Total long-term debt, net of current portion $ 11,678,732 $ 11,569,316 (1) As of September 30, 2023, the borrowings under the WM Cayman II Revolver bear interest at the term secured overnight financing rate ("Term SOFR") plus a credit adjustment spread of 0.10% or HIBOR, in each case plus a margin of 1.875% to 2.875% per annum based on WM Cayman II’s leverage ratio on a consolidated basis. Approximately $312.5 million and $1.18 billion of the WM Cayman II Revolver bears interest at a rate of Term SOFR plus 2.1% per year and HIBOR plus 2.0% per year, respectively. As of September 30, 2023, the weighted average interest rate was approximately 7.35%. As of September 30, 2023, the WM Cayman II Revolver was fully drawn. (2) As of September 30, 2023, the net carrying amount of the WML Convertible Bonds was $475.1 million, with unamortized debt discount and debt issuance costs of $124.9 million. The Company recorded contractual interest expense of $6.8 million and $15.3 million and amortization of discounts and issuance costs of $4.4 million and $9.7 million during the three and nine months ended September 30, 2023, respectively. (3) The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of September 30, 2023, the weighted average interest rate was approximately 7.17%. Additionally, as of September 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)	9 Months Ended
	Sep. 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: September 30, 2023 March 2, 2023 (Pricing date) WML stock price HK$ 7.50 HK$ 8.08 Estimated volatility 33.6 % 26.0 % Risk-free interest rate 4.4 % 4.2 % Expected term (years) 5.4 6.0 Dividend yield 0.0 % 0.0 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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: September 30, 2023 Quoted Other Unobservable Assets: Cash equivalents $ 1,120,105 $ — $ 1,120,105 $ — Restricted cash $ 91,478 $ 3,110 $ 88,368 $ — Fixed deposits $ 500,000 $ — $ 500,000 $ — Interest rate collar $ 9,425 $ — $ 9,425 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 8) $ 125,752 $ — $ — $ 125,752 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)	9 Months Ended
	Sep. 30, 2023
Revenue Recognition [Abstract]
Schedule of Customer Contract Liabilities	The Company's primary liabilities associated with customer contracts are as follows (in thousands): September 30, 2023 December 31, 2022 Increase / (decrease) September 30, 2022 December 31, 2021 Increase / (decrease) Casino outstanding chips and front money deposits (1) $ 397,828 $ 390,531 $ 7,297 $ 327,004 $ 352,830 $ (25,826) Advance room deposits and ticket sales (2) 97,705 85,019 12,686 76,256 55,438 20,818 Other gaming-related liabilities (3) 25,208 31,265 (6,057) 30,610 26,515 4,095 Loyalty program and related liabilities (4) 34,215 35,083 (868) 38,323 34,695 3,628 $ 554,956 $ 541,898 $ 13,058 $ 472,193 $ 469,478 $ 2,715 (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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Casino $ 550 $ 3,857 $ 1,539 $ 8,835 Rooms 197 415 598 816 Food and beverage 376 774 1,178 1,547 Entertainment, retail and other 946 3,064 6,831 8,238 General and administrative 14,075 11,964 38,993 29,133 Total stock-based compensation expense 16,144 20,074 49,139 48,569 Total stock-based compensation capitalized 1,563 894 3,697 2,351 Total stock-based compensation costs $ 17,707 $ 20,968 $ 52,836 $ 50,920

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Shares used in Calculation of Earnings Per Share	The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net income (loss) attributable to Wynn Resorts, Limited - basic $ (116,678) $ (142,892) $ 838 $ (456,267) Effect of dilutive securities of Wynn Resorts, Limited subsidiaries: Assumed conversion of WML Convertible Bonds — — — — Net income (loss) attributable to Wynn Resorts, Limited - diluted $ (116,678) $ (142,892) $ 838 $ (456,267) Denominator: Weighted average common shares outstanding 112,797 112,709 112,813 114,061 Potential dilutive effect of stock options, nonvested, and performance nonvested shares — — 319 — Weighted average common and common equivalent shares outstanding 112,797 112,709 113,132 114,061 Net income (loss) attributable to Wynn Resorts, Limited per common share, basic $ (1.03) $ (1.27) $ 0.01 $ (4.00) Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted $ (1.03) $ (1.27) $ 0.01 $ (4.00) Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 1,255 1,087 308 1,087

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Minimum rental income $ 33,196 $ 31,962 $ 98,845 $ 93,796 Contingent rental income 20,700 10,689 74,670 45,404 Total rental income $ 53,896 $ 42,651 $ 173,515 $ 139,200

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Summary of Operations by Segment	The following tables present the Company's segment information (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating revenues Macau Operations: Wynn Palace Casino $ 418,043 $ 45,361 $ 1,054,007 $ 186,968 Rooms 54,309 6,974 151,311 27,813 Food and beverage 26,215 5,727 75,028 24,027 Entertainment, retail and other (1) 26,206 17,186 82,140 58,416 524,773 75,248 1,362,486 297,224 Wynn Macau Casino 230,294 22,832 649,627 165,221 Rooms 31,673 4,395 79,774 18,547 Food and beverage 18,287 4,261 47,255 17,878 Entertainment, retail and other (1) 14,762 8,880 50,679 32,405 295,016 40,368 827,335 234,051 Total Macau Operations 819,789 115,616 2,189,821 531,275 Las Vegas Operations: Casino 168,130 134,314 460,606 393,930 Rooms 178,518 162,125 541,392 460,707 Food and beverage 203,066 193,733 570,695 526,389 Entertainment, retail and other (1) 69,252 54,217 211,109 165,618 Total Las Vegas Operations 618,966 544,389 1,783,802 1,546,644 Encore Boston Harbor: Casino 155,986 157,369 488,204 463,204 Rooms 24,838 23,718 65,895 61,819 Food and beverage 19,864 21,009 64,101 60,272 Entertainment, retail and other (1) 9,715 9,687 30,441 27,438 Total Encore Boston Harbor 210,403 211,783 648,641 612,733 Wynn Interactive: Entertainment, retail and other 22,778 17,934 69,173 61,236 Total Wynn Interactive 22,778 17,934 69,173 61,236 Total operating revenues $ 1,671,936 $ 889,722 $ 4,691,437 $ 2,751,888 (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 15, "Leases." Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Adjusted Property EBITDAR (1) Macau Operations: Wynn Palace $ 177,048 $ (21,808) $ 444,713 $ (72,622) Wynn Macau 77,939 (43,806) 212,274 (88,878) Total Macau Operations 254,987 (65,614) 656,987 (161,500) Las Vegas Operations 219,740 195,760 675,458 581,844 Encore Boston Harbor 60,498 61,136 193,016 180,132 Wynn Interactive (4,864) (17,748) (40,896) (70,202) Total 530,361 173,534 1,484,565 530,274 Other operating expenses Pre-opening 867 6,447 6,822 13,396 Depreciation and amortization 171,969 172,502 510,743 520,026 Impairment of goodwill and intangible assets 93,990 — 94,490 48,036 Property charges and other (2) 114,288 4,733 132,265 29,326 Corporate expenses and other 35,104 22,769 102,342 70,805 Stock-based compensation 16,144 20,074 49,139 48,569 Triple-net operating lease expense 35,404 — 106,318 — Total other operating expenses 467,766 226,525 1,002,119 730,158 Operating income (loss) 62,595 (52,991) 482,446 (199,884) Other non-operating income and expenses Interest income 46,534 6,892 130,854 10,863 Interest expense, net of amounts capitalized (188,571) (165,277) (566,554) (472,265) Change in derivatives fair value (50,637) 5,839 (3,255) 14,801 Gain (loss) on debt financing transactions 2,928 — (12,683) — Other 3,861 (864) (19,794) (26,090) Total other non-operating income and expenses (185,885) (153,410) (471,432) (472,691) Income (loss) before income taxes (123,290) (206,401) 11,014 (672,575) Benefit (provision) for income taxes 2,749 (1,390) (2,574) (3,248) Net income (loss) (120,541) (207,791) 8,440 (675,823) Net (income) loss attributable to noncontrolling interests 3,863 64,899 (7,602) 219,556 Net income (loss) attributable to Wynn Resorts, Limited $ (116,678) $ (142,892) $ 838 $ (456,267) (1) "Adjusted Property EBITDAR" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, impairment of goodwill and intangible assets, 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, gain (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 pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property 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, interest payments, 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. (2) For the three and nine months ended September 30, 2023, includes $97.7 million related to the Company's decision to cease operating Wynn Interactive's online sports betting and iGaming platform in certain jurisdictions.
Summary of Assets by Segment	September 30, 2023 December 31, 2022 Assets Macau Operations: Wynn Palace $ 2,929,750 $ 2,884,073 Wynn Macau 1,712,077 1,430,051 Other Macau 858,098 268,017 Total Macau Operations 5,499,925 4,582,141 Las Vegas Operations 3,133,145 3,168,597 Encore Boston Harbor 2,024,697 2,080,424 Wynn Interactive 86,067 213,837 Corporate and other 2,592,427 3,370,101 Total $ 13,336,261 $ 13,415,100

Organization (Details)

Organization (Details)	Sep. 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 (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accounting Policies [Abstract]
Gaming tax expenses	$ 415,000,000	$ 105,200,000	$ 1,120,000,000	$ 388,400,000
Fixed deposits	500,000,000		500,000,000
Investment securities, amortized cost	291,700,000		291,700,000
Investment securities, fair value	290,700,000		290,700,000
Investment securities, unrecognized holding loss	1,000,000		1,000,000
Investment securities, accrued interest	5,200,000		5,200,000
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	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash	$ 1,668,003	$ 1,699,583
Cash equivalents	1,120,105	1,950,857
Total cash and cash equivalents	2,788,108	3,650,440
Restricted cash	91,478	132,550
Total cash, cash equivalents and restricted cash	2,879,586	3,782,990	$ 2,102,666	$ 2,531,067
Restricted cash, bank guarantee	$ 87,300	$ 124,500

Cash, Cash Equivalents and Re_4

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash paid for interest, net of amounts capitalized	$ 536,021	$ 437,760
Liability settled with shares of common stock	6,639	9,287
Accounts and construction payables related to property and equipment	58,518	27,603
Other liabilities related to intangible assets	207,106	4,163
Finance lease liabilities arising from obtaining finance lease assets	8,191	$ 4,778
Other liabilities related to intangible assets, gaming premium	$ 204,200

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands		9 Months Ended
	Dec. 31, 2022	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 294,875	$ 308,985
Less: allowance for credit losses	(78,842)	(59,618)
Receivables, net	$ 216,033	$ 249,367
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%	66.80%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 171,893	$ 179,522
Allowance for credit losses, percent of gross casino receivables	43.20%	31.30%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 35,654	$ 40,670
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 87,328	$ 88,793

Receivables, net - Schedule of

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year			$ 78,842	$ 111,319
Provision for credit losses	$ 870	$ (8,186)	(6,314)	(11,331)
Write-offs			(23,262)	(22,507)
Recoveries of receivables previously written off			10,521	4,103
Effect of exchange rate			(169)	(376)
Balance at end of period	$ 59,618	$ 81,208	$ 59,618	$ 81,208

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 8,360,768	$ 8,363,427
Land and improvements	1,226,090	1,195,717
Furniture, fixtures and equipment	3,252,135	3,165,659
Airplanes	110,623	110,623
Construction in progress	231,129	112,034
Property and equipment, gross	13,180,745	12,947,460
Less: accumulated depreciation	(6,449,948)	(6,051,400)
Property and equipment, net	$ 6,730,797	$ 6,896,060

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 156	$ 161.7	$ 465	$ 492.1

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, net - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 313,535	$ 313,535	$ 146,336
Indefinite-lived intangible assets	8,397	8,397	8,397
Goodwill:
Balance at beginning of year		90,520	129,738
Foreign currency translation		0	(1,457)
Impairment	(72,100)	(72,055)	(37,761)
Balance at end of period	18,465	18,465	90,520
Goodwill and intangible assets, net	340,397	340,397	245,253
Water Rights and Other
Schedule of Intangible Assets [Line Items]
Indefinite-lived intangible assets	8,397	8,397	8,397
Macau Gaming Concession
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, gross	208,810	208,810	48,304
Less: accumulated amortization	(15,661)	(15,661)	(48,304)
Finite-lived intangible assets, net	193,149	193,149	0
Massachusetts Gaming License
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, gross	117,700	117,700	117,700
Less: accumulated amortization	(33,523)	(33,523)	(27,638)
Finite-lived intangible assets, net	84,177	84,177	90,062
Other
Schedule of Intangible Assets [Line Items]
Finite-lived intangible assets, gross	50,054	50,054	65,194
Less: accumulated amortization	(13,845)	(13,845)	(8,920)
Finite-lived intangible assets, net	$ 36,209	$ 36,209	$ 56,274

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, net - Narrative (Details) MOP$ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2023 MOP (MOP$)
Schedule of Intangible Assets [Line Items]
Impairment	$ 72,100,000	$ 72,055,000		$ 37,761,000
Impairment of intangible assets	21,900,000
Other commitment, fixed portion	3,700,000	3,700,000			MOP$ 30000
Expected amortization, remainder of 2023	5,200,000	5,200,000
Expected amortization, 2024 to 2032	20,900,000	20,900,000
Betbull Transaction
Schedule of Intangible Assets [Line Items]
Impairment			$ 37,800,000
Impairment of intangible assets			$ 10,300,000
Wynn Macau SA
Schedule of Intangible Assets [Line Items]
Financial liability related to gaming concession	208,300,000	$ 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	$ 6,600,000			53,100
Other commitment, to be paid, 2026 to 2032	21,900,000	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	37,000			300
Macau Gaming Concession | Wynn Macau SA | Scenario Two
Schedule of Intangible Assets [Line Items]
Other commitment, variable portion	19,000	19,000			150
Macau Gaming Concession | Wynn Macau SA | Scenario Three
Schedule of Intangible Assets [Line Items]
Other commitment, variable portion	$ 124	$ 124			MOP$ 1

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Feb. 16, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,835,095		$ 12,162,973
WML Convertible Bond Conversion Option Derivative	125,752		0
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(170,016)		(46,114)
Long-term debt total	11,790,831		12,116,859
Less: Current portion of long-term debt	(112,099)		(547,543)
Total long-term debt, net of current portion	11,678,732		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	1,495,406		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	(124,900)
Long-term debt total	475,100
WRF | WRF Term Loan, due 2024 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	74,628		837,500
WRF | WRF Term Loan, due 2027 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	740,060		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	$ 1,380,001		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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,835,095	$ 11,835,095	$ 12,162,973
Long-term debt	11,790,831	11,790,831	12,116,859
Unamortized debt issuance costs and original issue discounts and premium, net	170,016	170,016	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	$ 1,495,406	$ 1,495,406	1,500,473
Weighted average interest rate (percent)	7.35%	7.35%
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	475,100	475,100
Unamortized debt issuance costs and original issue discounts and premium, net	124,900	124,900
Interest expense	6,800	15,300
Amortization of debt issuance costs and discounts	4,400	9,700
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
SOFR | 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		0.10%
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)	7.17%	7.17%
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		1.80%
Interest rate during period		5.47%
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%
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		2.10%
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%
Long-term debt, gross	$ 1,180,000	$ 1,180,000

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

9 Months Ended

Jun. 27, 2023 USD ($)

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

Feb. 16, 2023 USD ($)

Aug. 31, 2023 USD ($)

Apr. 30, 2023

Mar. 31, 2023 USD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2023 USD ($)

Sep. 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

$ 125,752,000

$ 125,752,000

$ 0

Long-term debt, gross

11,835,095,000

11,835,095,000

12,162,973,000

Payment of fees and expenses related to repayment of credit facilities

41,160,000

$ 3,165,000

Gain (loss) on debt financing transactions

2,928,000

$ 0

(12,683,000)

$ 0

Debt instrument, fair value disclosure

11,130,000,000

11,130,000,000

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

125,800,000

125,800,000

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 5 1/2% Senior Notes, due 2025 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, repurchase amount

$ 400,000,000

Debt instrument, early tender premium

$ 20,000,000

Debt redemption price as percentage of principal

94%

Gain (loss) on debt financing transactions

$ 2,900,000

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%

Gain (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

1.80%

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)	Sep. 30, 2023	Mar. 02, 2023
WML stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	7.50	8.08
Estimated volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.336	0.260
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.044	0.042
Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	5.4	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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Mar. 07, 2023	Dec. 31, 2022
Derivative [Line Items]
WML Convertible Bond Conversion Option Derivative	$ 125,752	$ 125,752		$ 0
Loss on embedded derivative	48,800	2,300
WML Convertible Bonds | Convertible Debt | WML
Derivative [Line Items]
Debt instrument, unamortized discount			$ 123,500
WML Convertible Bond Conversion Option Derivative	$ 125,800	$ 125,800

Stockholders' Deficit (Details)

Stockholders' Deficit (Details) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Nov. 09, 2023	May 10, 2023	Apr. 03, 2023	Mar. 06, 2023	Mar. 02, 2023	Dec. 31, 2022	Apr. 30, 2016
Subsidiary, Sale of Stock [Line Items]
Shares repurchased by the Company and held as treasury shares	$ 58,925,000			$ 29,319,000	$ 71,019,000	$ 178,624,000
Cash dividend paid (usd per share)	$ 0.25	$ 0.25
Cash dividends declared	$ 28,487,000				56,968,000
Distribution to noncontrolling interest					15,929,000	$ 21,505,000
Additional paid-in capital	$ 3,633,517,000				$ 3,633,517,000							$ 3,583,923,000
Common stock, authorized (in shares)	400,000,000				400,000,000							400,000,000
Common stock, issued (in shares)	132,986,087				132,986,087							132,256,185
Common stock, outstanding (in shares)	113,357,215				113,357,215							113,369,439
Accumulated deficit
Subsidiary, Sale of Stock [Line Items]
Cash dividends declared	$ 28,487,000				$ 56,968,000
Accumulated deficit | Dividend Paid
Subsidiary, Sale of Stock [Line Items]
Cash dividends declared	$ 28,200,000	$ 28,500,000
Wynn Palace and Wynn Macau
Subsidiary, Sale of Stock [Line Items]
Percentage of ownership	72%				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			$ 50,000,000
Additional paid-in capital	$ 48,600,000				$ 48,600,000
Increase from subsidiary equity issuance					$ 1,500,000
Retail Joint Venture | Crown Acquisitions Inc. | Wynn Resorts Ltd.
Subsidiary, Sale of Stock [Line Items]
Percentage of ownership			49.90%
Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Dividends payable (usd per share)							$ 0.25
April 2016 Equity Repurchase Program
Subsidiary, Sale of Stock [Line Items]
Stock repurchase program, authorized amount													$ 1,000,000,000
Treasury stock, acquired (in shares)	596,948			491,503	596,948	2,873,431
Treasury stock acquired (usd per share)	$ 94.11			$ 58.95	$ 94.11	$ 57.91
Shares repurchased by the Company and held as treasury shares	$ 56,200,000			$ 29,000,000	$ 56,200,000	$ 166,400,000
Remaining authorized repurchase amount	$ 572,700,000				$ 572,700,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Cash equivalents	$ 1,120,105	$ 1,950,857
Fixed deposits	500,000
Liabilities:
WML Convertible Bond Conversion Option Derivative	125,752	0
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	1,120,105	1,950,857
Restricted cash	91,478	132,550
Fixed deposits	500,000
Interest rate collar	9,425	10,408
Liabilities:
WML Convertible Bond Conversion Option Derivative	125,752
Fair Value, Measurements, Recurring | Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	0	490,683
Restricted cash	3,110	6,891
Fixed deposits	0
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	1,120,105	1,460,174
Restricted cash	88,368	125,659
Fixed deposits	500,000
Interest rate collar	9,425	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
Fixed deposits	0
Interest rate collar	0	$ 0
Liabilities:
WML Convertible Bond Conversion Option Derivative	$ 125,752

Customer Contract Liabilities S

Customer Contract Liabilities Schedule of Customer Contract Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 397,828	$ 327,004	$ 390,531	$ 352,830
Change in outstanding chips and front money deposits	7,297	(25,826)
Advanced room deposits and ticket sales	97,705	76,256	85,019	55,438
Change in advanced room deposits and ticket sales	12,686	20,818
Other gaming related liabilities	25,208	30,610	31,265	26,515
Change in other gaming related liabilities	(6,057)	4,095
Loyalty program liabilities	34,215	38,323	35,083	34,695
Change in loyalty program liabilities	(868)	3,628
Total customer contract liabilities	554,956	472,193	$ 541,898	$ 469,478
Change in total customer contract liabilities	$ 13,058	$ 2,715

Stock-Based Compensation - Shar

Stock-Based Compensation - Share Based Compensation Allocated Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 16,144	$ 20,074	$ 49,139	$ 48,569
Total stock-based compensation capitalized	1,563	894	3,697	2,351
Total stock-based compensation costs	17,707	20,968	52,836	50,920
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	550	3,857	1,539	8,835
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	197	415	598	816
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	376	774	1,178	1,547
Entertainment, retail and other
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	946	3,064	6,831	8,238
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 14,075	$ 11,964	$ 38,993	$ 29,133

Income Taxes (Detail)

Income Taxes (Detail) $ in Thousands, MOP$ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 MOP (MOP$)	Dec. 31, 2022 USD ($)
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (2,749)	$ 1,390	$ 2,574	$ 3,248
Complementary tax rate					12%	12%
Payments for annual complementary tax obligation					MOP$ 12.8	$ 1,600

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Shares used in Calculation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited - basic	$ (116,678)	$ (142,892)	$ 838	$ (456,267)
Assumed conversion of WML Convertible Bonds	0	0	0	0
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$ (116,678)	$ (142,892)	$ 838	$ (456,267)
Denominator:
Weighted average common shares outstanding (shares)	112,797	112,709	112,813	114,061
Potential dilutive effect of stock options and restricted stock (shares)	0	0	319	0
Weighted average common and common equivalent shares outstanding (shares)	112,797	112,709	113,132	114,061
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in usd per share)	$ (1.03)	$ (1.27)	$ 0.01	$ (4)
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in usd per share)	$ (1.03)	$ (1.27)	$ 0.01	$ (4)
Antidilutive securities excluded from computation of earnings per share (shares)	1,255	1,087	308	1,087

Leases - Minimum and Contingent

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Minimum rental income	$ 33,196	$ 31,962	$ 98,845	$ 93,796
Contingent rental income	20,700	10,689	74,670	45,404
Total rental income	$ 53,896	$ 42,651	$ 173,515	$ 139,200

Retail Joint Venture - Addition

Retail Joint Venture - Additional information (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Variable Interest Entities [Line Items]
Assets	$ 13,336,261	$ 13,415,100
Liabilities	15,045,310	15,055,465
Long-term debt	11,790,831	12,116,859
Retail Joint Venture | Retail
Schedule of Variable Interest Entities [Line Items]
Assets	107,700	102,900
Liabilities	622,300	620,900
Long-term debt	$ 613,900	$ 613,500

Segment Information - Summary o

Segment Information - Summary of Results of Operations by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,671,936	$ 889,722	$ 4,691,437	$ 2,751,888
Adjusted Property EBITDA	530,361	173,534	1,484,565	530,274
Other operating expenses
Pre-opening	867	6,447	6,822	13,396
Depreciation and amortization	171,969	172,502	510,743	520,026
Impairment of goodwill and intangible assets	93,990	0	94,490	48,036
Property charges and other	114,288	4,733	132,265	29,326
Corporate expenses and other	35,104	22,769	102,342	70,805
Stock-based compensation	16,144	20,074	49,139	48,569
Triple-net operating lease expense	35,404	0	106,318	0
Total other operating expenses	467,766	226,525	1,002,119	730,158
Operating income (loss)	62,595	(52,991)	482,446	(199,884)
Other non-operating income and expenses
Interest income	46,534	6,892	130,854	10,863
Interest expense, net of amounts capitalized	(188,571)	(165,277)	(566,554)	(472,265)
Change in derivatives fair value	(50,637)	5,839	(3,255)	14,801
Gain (loss) on debt financing transactions	2,928	0	(12,683)	0
Other	3,861	(864)	(19,794)	(26,090)
Total other non-operating income and expenses	(185,885)	(153,410)	(471,432)	(472,691)
Income (loss) before income taxes	(123,290)	(206,401)	11,014	(672,575)
Benefit (provision) for income taxes	2,749	(1,390)	(2,574)	(3,248)
Net income (loss)	(120,541)	(207,791)	8,440	(675,823)
Net (income) loss attributable to noncontrolling interests	3,863	64,899	(7,602)	219,556
Net income (loss) attributable to Wynn Resorts, Limited - basic	(116,678)	(142,892)	838	(456,267)
Contract termination liabilities	97,700		97,700
Operating Segments | Total Macau Operations
Segment Reporting Information [Line Items]
Total operating revenues	819,789	115,616	2,189,821	531,275
Adjusted Property EBITDA	254,987	(65,614)	656,987	(161,500)
Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	524,773	75,248	1,362,486	297,224
Adjusted Property EBITDA	177,048	(21,808)	444,713	(72,622)
Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	295,016	40,368	827,335	234,051
Adjusted Property EBITDA	77,939	(43,806)	212,274	(88,878)
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	618,966	544,389	1,783,802	1,546,644
Adjusted Property EBITDA	219,740	195,760	675,458	581,844
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	210,403	211,783	648,641	612,733
Adjusted Property EBITDA	60,498	61,136	193,016	180,132
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	22,778	17,934	69,173	61,236
Corporate, Non-Segment | Wynn Interactive
Segment Reporting Information [Line Items]
Adjusted Property EBITDA	(4,864)	(17,748)	(40,896)	(70,202)
Casino
Segment Reporting Information [Line Items]
Total operating revenues	972,453	359,876	2,652,444	1,209,323
Casino | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	418,043	45,361	1,054,007	186,968
Casino | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	230,294	22,832	649,627	165,221
Casino | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	168,130	134,314	460,606	393,930
Casino | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	155,986	157,369	488,204	463,204
Rooms
Segment Reporting Information [Line Items]
Total operating revenues	289,338	197,212	838,372	568,886
Rooms | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	54,309	6,974	151,311	27,813
Rooms | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	31,673	4,395	79,774	18,547
Rooms | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	178,518	162,125	541,392	460,707
Rooms | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	24,838	23,718	65,895	61,819
Food and beverage
Segment Reporting Information [Line Items]
Total operating revenues	267,432	224,730	757,079	628,566
Food and beverage | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	26,215	5,727	75,028	24,027
Food and beverage | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	18,287	4,261	47,255	17,878
Food and beverage | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	203,066	193,733	570,695	526,389
Food and beverage | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	19,864	21,009	64,101	60,272
Entertainment, retail and other
Segment Reporting Information [Line Items]
Total operating revenues	142,713	107,904	443,542	345,113
Entertainment, retail and other | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	26,206	17,186	82,140	58,416
Entertainment, retail and other | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	14,762	8,880	50,679	32,405
Entertainment, retail and other | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	69,252	54,217	211,109	165,618
Entertainment, retail and other | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	9,715	9,687	30,441	27,438
Entertainment, retail and other | Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	$ 22,778	$ 17,934	$ 69,173	$ 61,236

Segment Information - Summary_2

Segment Information - Summary of Assets by Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Assets	$ 13,336,261	$ 13,415,100
Corporate and other
Segment Reporting Information [Line Items]
Assets	2,592,427	3,370,101
Operating Segments | Total Macau Operations
Segment Reporting Information [Line Items]
Assets	5,499,925	4,582,141
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	3,133,145	3,168,597
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	2,024,697	2,080,424
Operating Segments | Wynn Interactive
Segment Reporting Information [Line Items]
Assets	86,067	213,837
Operating Segments | Macau | Wynn Palace
Segment Reporting Information [Line Items]
Assets	2,929,750	2,884,073
Operating Segments | Macau | Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,712,077	1,430,051
Operating Segments | Macau | Other Macau
Segment Reporting Information [Line Items]
Assets	$ 858,098	$ 268,017