Wynn Resorts, Limited (WYNN) 10-Q 6 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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		110,991,627
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,379,415	$ 2,879,186
Restricted cash	0	18
Investments	500,000	845,192
Accounts receivable, net of allowance for credit losses of $39,491 and $40,075, respectively	317,643	341,712
Inventories	72,152	75,552
Prepaid expenses and other	103,303	99,961
Total current assets	3,372,513	4,241,621
Property and equipment, net	6,492,579	6,688,479
Restricted cash	90,629	90,208
Goodwill and intangible assets, net	310,694	329,708
Operating lease assets	1,812,438	1,832,896
Deferred income taxes, net	478,570	500,877
Other assets	732,375	312,434
Total assets	13,289,798	13,996,223
Current liabilities:
Accounts and construction payables	200,652	208,263
Customer deposits	488,567	543,288
Gaming taxes payable	151,295	172,832
Accrued compensation and benefits	178,517	212,645
Accrued interest	138,808	141,902
Current portion of long-term debt	1,291,295	709,593
Other accrued liabilities	151,892	211,931
Total current liabilities	2,601,026	2,200,454
Long-term debt	9,739,417	11,028,744
Long-term operating lease liabilities	1,616,898	1,631,749
Other long-term liabilities	234,419	236,210
Total liabilities	14,191,760	15,097,157
Commitments and contingencies (Note 15)
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; 133,511,209 and 132,998,916 shares issued; 111,375,062 and 111,737,245 shares outstanding, respectively	1,335	1,330
Treasury stock, at cost; 22,136,147 and 21,261,671 shares, respectively	(1,918,595)	(1,836,326)
Additional paid-in capital	3,672,049	3,647,161
Accumulated other comprehensive income	2,213	3,406
Accumulated deficit	(1,866,826)	(2,066,953)
Total Wynn Resorts, Limited stockholders' deficit	(109,824)	(251,382)
Noncontrolling interests	(792,138)	(849,552)
Total stockholders' deficit	(901,962)	(1,100,934)
Total liabilities and stockholders' deficit	$ 13,289,798	$ 13,996,223

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 39,491	$ 40,075
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)	133,511,209	132,998,916
Common stock, outstanding (in shares)	111,375,062	111,737,245
Treasury stock (in shares)	22,136,147	21,261,671

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating revenues:
Total operating revenues	$ 1,732,932	$ 1,595,822	$ 3,595,841	$ 3,019,501
Operating expenses:
General and administrative	264,727	257,321	536,343	517,093
Provision for credit losses	2,429	(6,640)	2,516	(7,184)
Pre-opening	1,558	1,477	3,593	5,955
Depreciation and amortization	176,405	169,962	351,338	338,774
Property charges and other	38,815	16,019	55,763	18,477
Total operating expenses	1,463,274	1,345,486	2,963,242	2,599,650
Operating income	269,658	250,336	632,599	419,851
Other income (expense):
Interest income	34,884	44,127	75,056	84,320
Interest expense, net of amounts capitalized	(174,596)	(190,243)	(357,000)	(377,983)
Change in derivatives fair value	15,517	24,336	(2,397)	47,382
Loss on debt financing transactions	0	(3,375)	(1,561)	(15,611)
Other	8,745	6,959	4,023	(23,655)
Other income (expense), net	(115,450)	(118,196)	(281,879)	(285,547)
Income before income taxes	154,208	132,140	350,720	134,304
Provision for income taxes	(7,935)	(4,305)	(27,949)	(5,323)
Net income	146,273	127,835	322,771	128,981
Less: net income attributable to noncontrolling interests	(34,330)	(22,651)	(66,612)	(11,465)
Net income attributable to Wynn Resorts, Limited	$ 111,943	$ 105,184	$ 256,159	$ 117,516
Net income attributable to Wynn Resorts, Limited:
Basic (in usd per share)	$ 1.01	$ 0.93	$ 2.31	$ 1.04
Diluted (in usd per share)	$ 0.91	$ 0.84	$ 2.30	$ 0.84
Weighted average common shares outstanding:
Basic (in shares)	110,937	112,889	110,980	112,821
Diluted (in shares)	111,175	113,198	111,222	113,143
Casino
Operating revenues:
Total operating revenues	$ 1,008,946	$ 912,999	$ 2,130,412	$ 1,679,991
Operating expenses:
Cost of goods and services sold	614,518	543,643	1,289,957	1,017,028
Rooms
Operating revenues:
Total operating revenues	304,521	276,505	631,935	549,034
Operating expenses:
Cost of goods and services sold	80,538	73,783	162,615	146,485
Food and beverage
Operating revenues:
Total operating revenues	281,404	257,036	548,342	489,647
Operating expenses:
Cost of goods and services sold	221,343	203,922	427,164	384,541
Entertainment, retail and other
Operating revenues:
Total operating revenues	138,061	149,282	285,152	300,829
Operating expenses:
Cost of goods and services sold	$ 62,941	$ 85,999	$ 133,953	$ 178,481

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 146,273	$ 127,835	$ 322,771	$ 128,981
Other comprehensive income (loss):
Foreign currency translation adjustments, before and after tax	(3,643)	(3,595)	(1,654)	11,568
Total comprehensive income	142,630	124,240	321,117	140,549
Less: comprehensive income attributable to noncontrolling interests	(33,304)	(21,615)	(66,151)	(14,713)
Comprehensive income attributable to Wynn Resorts, Limited	$ 109,326	$ 102,625	$ 254,966	$ 125,836

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	Accumulated deficit	Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2022			113,369,439
Beginning balance at Dec. 31, 2022	$ (1,640,365)	$ (750,838)	$ 1,323	$ (1,623,872)	$ 3,583,923	$ (404)	$ (2,711,808)	$ (889,527)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	128,981	117,516					117,516	11,465
Currency translation adjustment	11,568	8,320				8,320		3,248
Exercise of stock options (in shares)			32,284
Exercise of stock options	1,965	1,965			1,965
Issuance of restricted stock (in shares)			668,329
Issuance of restricted stock	6,638	6,638	$ 6		6,632
Cancellation of restricted stock (in shares)			(14,589)
Shares repurchased by the Company and held as treasury shares (in shares)			(118,709)
Shares repurchased by the Company and held as treasury shares	(12,094)	(12,094)		(12,094)
Cash dividends declared	(28,481)	(28,481)					(28,481)
Distribution to noncontrolling interest	(8,945)	(2,994)			(2,994)			(5,951)
Transactions with subsidiary minority shareholders (in shares)			6,181
Transactions with subsidiary minority shareholders	0	(754)			(754)			754
Stock-based compensation	33,569	30,469			30,469			3,100
Ending balance (in shares) at Jun. 30, 2023			113,942,935
Ending balance at Jun. 30, 2023	(1,507,164)	(630,253)	$ 1,329	(1,635,966)	3,619,241	7,916	(2,622,773)	(876,911)
Beginning balance (in shares) at Mar. 31, 2023			113,808,044
Beginning balance at Mar. 31, 2023	(1,616,370)	(717,434)	$ 1,328	(1,634,706)	3,604,945	10,475	(2,699,476)	(898,936)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	127,835	105,184					105,184	22,651
Currency translation adjustment	(3,595)	(2,559)				(2,559)		(1,036)
Exercise of stock options (in shares)			7,000
Exercise of stock options	478	478			478
Issuance of restricted stock (in shares)			147,628
Issuance of restricted stock	(1)	(1)	$ 1		(2)
Cancellation of restricted stock (in shares)			(8,209)
Shares repurchased by the Company and held as treasury shares (in shares)			(11,528)
Shares repurchased by the Company and held as treasury shares	(1,260)	(1,260)		(1,260)
Cash dividends declared	(28,481)	(28,481)					(28,481)
Distribution to noncontrolling interest	(4,443)	(2,994)			(2,994)			(1,449)
Stock-based compensation	18,673	16,814			16,814			1,859
Ending balance (in shares) at Jun. 30, 2023			113,942,935
Ending balance at Jun. 30, 2023	(1,507,164)	(630,253)	$ 1,329	(1,635,966)	3,619,241	7,916	(2,622,773)	(876,911)
Beginning balance (in shares) at Dec. 31, 2023			111,737,245
Beginning balance at Dec. 31, 2023	(1,100,934)	(251,382)	$ 1,330	(1,836,326)	3,647,161	3,406	(2,066,953)	(849,552)
Ending balance (in shares) at Mar. 31, 2024			112,071,149
Ending balance at Mar. 31, 2024	(946,380)	(136,953)	$ 1,335	(1,849,172)	3,656,809	4,830	(1,950,755)	(809,427)
Beginning balance (in shares) at Dec. 31, 2023			111,737,245
Beginning balance at Dec. 31, 2023	(1,100,934)	(251,382)	$ 1,330	(1,836,326)	3,647,161	3,406	(2,066,953)	(849,552)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	322,771	256,159					256,159	66,612
Currency translation adjustment	(1,654)	(1,193)				(1,193)		(461)
Exercise of stock options (in shares)			17,285
Exercise of stock options	1,017	1,017			1,017
Issuance of restricted stock (in shares)			504,978
Issuance of restricted stock	8,015	8,015	$ 5		8,010
Cancellation of restricted stock (in shares)			(9,970)
Shares repurchased by the Company and held as treasury shares (in shares)			(874,476)
Shares repurchased by the Company and held as treasury shares	(82,269)	(82,269)		(82,269)
Cash dividends declared	(70,408)	(56,032)					(56,032)	(14,376)
Distribution to noncontrolling interest	(8,641)							(8,641)
Transactions with subsidiary minority shareholders	0	(11,947)			(11,947)			11,947
Stock-based compensation	30,141	27,808			27,808			2,333
Ending balance (in shares) at Jun. 30, 2024			111,375,062
Ending balance at Jun. 30, 2024	(901,962)	(109,824)	$ 1,335	(1,918,595)	3,672,049	2,213	(1,866,826)	(792,138)
Beginning balance (in shares) at Mar. 31, 2024			112,071,149
Beginning balance at Mar. 31, 2024	(946,380)	(136,953)	$ 1,335	(1,849,172)	3,656,809	4,830	(1,950,755)	(809,427)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	146,273	111,943					111,943	34,330
Currency translation adjustment	(3,643)	(2,617)				(2,617)		(1,026)
Issuance of restricted stock (in shares)			65,310
Cancellation of restricted stock (in shares)			(5,756)
Shares repurchased by the Company and held as treasury shares (in shares)			(755,641)
Shares repurchased by the Company and held as treasury shares	(69,423)	(69,423)		(69,423)
Cash dividends declared	(42,390)	(28,014)					(28,014)	(14,376)
Distribution to noncontrolling interest	(2,645)							(2,645)
Transactions with subsidiary minority shareholders	0	(74)			(74)			74
Stock-based compensation	16,246	15,314			15,314			932
Ending balance (in shares) at Jun. 30, 2024			111,375,062
Ending balance at Jun. 30, 2024	$ (901,962)	$ (109,824)	$ 1,335	$ (1,918,595)	$ 3,672,049	$ 2,213	$ (1,866,826)	$ (792,138)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 322,771	$ 128,981
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	351,338	338,774
Deferred income taxes	22,307	(1,371)
Stock-based compensation expense	30,536	32,995
Amortization of debt issuance costs	20,675	19,095
Loss on debt financing transactions	1,561	15,611
Provision for credit losses	2,516	(7,184)
Change in derivatives fair value	2,397	(47,382)
Property charges and other	46,927	42,132
Increase (decrease) in cash from changes in:
Receivables, net	21,633	(9,489)
Inventories, prepaid expenses and other	9,829	(407)
Customer deposits	(55,056)	(6,465)
Accounts payable and accrued expenses	(109,580)	25,449
Net cash provided by operating activities	667,854	530,739
Cash flows from investing activities:
Capital expenditures, net of construction payables and retention	(191,337)	(215,299)
Investment in unconsolidated affiliates	(428,964)	(31,193)
Purchase of investments	0	(286,519)
Proceeds from maturity of investments	350,000	0
Purchase of intangible and other assets	(2,614)	(11,740)
Proceeds from sale of assets and other	1,289	490
Net cash used in investing activities	(271,626)	(544,261)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	412,000	1,200,000
Repayments of long-term debt	(1,129,136)	(1,112,500)
Repurchase of common stock	(80,798)	(12,094)
Proceeds from exercise of stock options	1,017	1,965
Distribution to noncontrolling interest	(8,641)	(8,945)
Dividends paid	(70,126)	(28,709)
Finance lease payments	(9,163)	(9,731)
Payments for financing costs	(6,458)	(41,020)
Other	(4,486)	(7,773)
Net cash used in financing activities	(895,791)	(18,807)
Effect of exchange rate on cash, cash equivalents and restricted cash	195	(2,864)
Cash, cash equivalents and restricted cash:
Decrease in cash, cash equivalents and restricted cash	(499,368)	(35,193)
Balance, beginning of period	2,969,412	3,782,990
Balance, end of period	$ 2,470,044	$ 3,747,797

Organization

Organization	6 Months Ended
	Jun. 30, 2024
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 of the People's Republic of China ("Macau"), the Company owns approximately 72% of Wynn Macau, Limited ("WML"), which includes the operations of the Wynn Palace and Wynn Macau resorts. The Company refers to Wynn Palace and Wynn Macau as its Macau Operations. In Las Vegas, Nevada, the Company operates and, with the exception of certain retail space, owns 100% of Wynn Las Vegas. 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.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures herein are adequate to make the information presented not misleading. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary to a fair presentation of the results for the interim periods presented. The results for the three and six months ended June 30, 2024 are not necessarily indicative of results to be expected for any other interim period or the full fiscal year ending December 31, 2024. 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, 2023. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries, and entities the Company identifies as variable interest entities ("VIEs") of which the Company is determined to be the primary beneficiary. For information on the Company's VIEs, see Note 16, "Retail Joint Venture." If the entity does not qualify for consolidation and the Company has significant influence over the operating and financial decisions of the entity, the Company accounts for the entity under the equity method. All significant intercompany accounts and transactions have been eliminated. During the three months ended March 31, 2024, Wynn Interactive Ltd. no longer met the requirements for a reportable segment. As a result, its assets and results of operations are presented in Corporate and other and previous period amounts have been reclassified to be consistent with the current period presentation of the Company's reportable segments. These reclassifications had no effect on the previously reported net income or operating income. For information on the Company's reportable segments, see Note 17, "Segment Information." 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 deferred tax assets and 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 Income. These taxes totaled $436.9 million and $391.4 million for the three months ended June 30, 2024 and 2023, respectively, and $925.6 million and $701.8 million for the six months ended June 30, 2024 and 2023, respectively. Investments As of June 30, 2024, the Company held $500.0 million in fixed deposits, recorded at fair value. The Company received proceeds of $300.0 million upon the maturity of its investments in debt securities and $50.0 million upon the maturity of its investments in fixed deposits during the three months ended June 30, 2024. As of December 31, 2023, the Company held $550.0 million in fixed deposits, recorded at fair value, and $295.2 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 December 31, 2023 was approximately $294.8 million and the gross unrecognized holding loss was $0.4 million. As of December 31, 2023, the Company had $8.7 million in accrued interest on its debt securities, recorded in Investments As of the balance sheet date, the Company evaluates whether the unrealized losses are attributable to credit losses or other factors. The Company considers the severity of the decline in value, creditworthiness of the issuer and other relevant factors and records an allowance for credit losses, limited to the excess of amortized cost over fair value, with a corresponding charge to earnings. The allowance may be subsequently increased or decreased based on the prevailing facts and circumstances. During the three and six months ended June 30, 2024 and 2023, no impairment was recognized. Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of the tangible and intangible assets acquired and the liabilities assumed. Goodwill is not amortized, but rather is subject to impairment testing annually, or more frequently if events or changes in circumstances indicate that this asset may be impaired. As of June 30, 2024 and December 31, 2023, the Company had a goodwill balance of $18.5 million, recorded in Goodwill and intangible assets, net on the Condensed Consolidated Balance Sheets. During the three and six months ended June 30, 2024, no impairment was recognized. Investment in Unconsolidated Affiliate The Company accounts for its investment in Island 3 using the equity method. Under the equity method, the investment's carrying value is adjusted for the Company’s share of the investee's earnings and losses, capital contributions to and distributions from the investee, and capitalization of interest cost incurred by the Company during the investee's initial development period. As of June 30, 2024 and December 31, 2023, the Company had an investment in unconsolidated affiliate of $517.6 million and $90.9 million, respectively, recorded in noncurrent other assets in the accompanying Condensed Consolidated Balance Sheets. 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	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, 2024 December 31, 2023 Cash and cash equivalents: Cash (1) $ 1,137,449 $ 1,076,474 Cash equivalents (2) 1,241,966 1,802,712 Total cash and cash equivalents 2,379,415 2,879,186 Restricted cash (3) 90,629 90,226 Total cash, cash equivalents and restricted cash $ 2,470,044 $ 2,969,412 (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, cash held in trusts in accordance with WML's share award plans, and as of June 30, 2024 and December 31, 2023 included $87.0 million in the form of a first demand bank guarantee in favor of the Macau government to support the legal and contractual obligations of Wynn Resorts (Macau) S.A. ("Wynn Macau SA") through the term of Wynn Macau SA's gaming concession contract. The following table presents the supplemental cash flow disclosures of the Company (in thousands): Six Months Ended June 30, 2024 2023 Cash paid for interest, net of amounts capitalized $ 342,525 $ 346,055 Liability settled with shares of common stock $ 8,015 $ 6,639 Accounts and construction payables related to property and equipment $ 59,245 $ 49,014 Other liabilities related to intangible assets (1) $ 200,251 $ 205,875 Net settlement of liabilities in connection with an asset sale $ 27,665 $ — Finance lease liabilities arising from obtaining finance lease assets $ 4,669 $ 657

Receivables, net

Receivables, net	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Receivables, net	Receivables, net Accounts Receivable and Credit Risk Receivables, net consisted of the following (in thousands): June 30, 2024 December 31, 2023 Casino $ 183,958 $ 218,694 Hotel 45,267 54,596 Other 127,909 108,497 357,134 381,787 Less: allowance for credit losses (39,491) (40,075) $ 317,643 $ 341,712 As of June 30, 2024 and December 31, 2023, approximately 75.4% and 68.2%, 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 18.0% and 15.9% of gross casino receivables as of June 30, 2024 and December 31, 2023, respectively. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowance for credit losses from its hotel and other receivables is not material. The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the periods presented (in thousands): June 30, 2024 2023 Balance at beginning of year $ 40,075 $ 78,842 Provision for credit losses 2,516 (7,184) Write-offs (6,377) (22,862) Recoveries of receivables previously written off 3,261 8,655 Effect of exchange rate 16 (190) Balance at end of period $ 39,491 $ 57,261

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following (in thousands): June 30, 2024 December 31, 2023 Buildings and improvements $ 8,490,529 $ 8,459,085 Land and improvements 1,234,583 1,228,652 Furniture, fixtures and equipment 3,366,334 3,311,478 Airplanes 110,623 110,623 Construction in progress 169,259 162,592 13,371,328 13,272,430 Less: accumulated depreciation (6,878,749) (6,583,951) $ 6,492,579 $ 6,688,479 As of June 30, 2024 and December 31, 2023, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties. During the three months ended June 30, 2024, the Company expensed $61.5 million of project costs related to a discontinued development project, inclusive of $4.7 million of internally allocated overhead, that had been previously capitalized. The expense was recorded in Property charges and other in the accompanying Condensed Consolidated Statements of Income.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): June 30, 2024 December 31, 2023 Macau Related: WM Cayman II Revolver, due 2025 (1) $ 1,186,448 $ 1,497,610 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) 600,000 600,000 U.S. and Corporate Related: WRF Credit Facilities (3) : WRF Term Loan, due 2024 71,794 73,683 WRF Term Loan, due 2027 711,956 730,692 WLV 5 1/2% Senior Notes, due 2025 583,310 1,380,001 WLV 5 1/4% Senior Notes, due 2027 880,000 880,000 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 WRF 7 1/8% Senior Notes, due 2031 1,000,000 600,000 Retail Term Loan, due 2025 (4) 615,000 615,000 11,098,508 11,826,986 WML Convertible Bond Conversion Option Derivative 72,039 73,744 Less: Unamortized debt issuance costs and original issue discounts and premium, net (139,835) (162,393) 11,030,712 11,738,337 Less: Current portion of long-term debt (1,291,295) (709,593) Total long-term debt, net of current portion $ 9,739,417 $ 11,028,744 (1) As of June 30, 2024, 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 $247.4 million and $939.1 million of the WM Cayman II Revolver bears interest at a rate of Term SOFR plus 1.975% per year and HIBOR plus 1.875% per year, respectively. As of June 30, 2024, the weighted average interest rate was approximately 6.66%. As of June 30, 2024, the available borrowing capacity under the WM Cayman II Revolver was $312.2 million. In July 2024, the Company repaid approximately $40.0 million of outstanding WM Cayman II Revolver borrowings. (2) As of June 30, 2024, the net carrying amount of the WML Convertible Bonds was $488.8 million, with unamortized debt discount and debt issuance costs of $111.2 million. The Company recorded contractual interest expense of $6.8 million and $6.8 million and amortization of discounts and issuance costs of $4.7 million and $4.3 million during the three months ended June 30, 2024 and 2023, respectively, and contractual interest expense of $13.5 million and $8.6 million and amortization of discounts and issuance costs of $9.2 million and $5.4 million during the six months ended June 30, 2024 and 2023, respectively. (3) The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of June 30, 2024, the weighted average interest rate was approximately 7.19%. Additionally, as of June 30, 2024, the available borrowing capacity under the WRF Revolver was $735.3 million, net of $14.7 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 June 30, 2024, the interest rate was 5.47%. WRF Senior Notes In February 2024, Wynn Resorts Finance, LLC ("WRF") and its subsidiary, Wynn Resorts Capital Corp., issued an additional $400.0 million aggregate principal amount of 7 1/8% Senior Notes due 2031 (the "2031 WRF Add-On Senior Notes," and collectively with the 7 1/8% Senior Notes due 2031 (the "2031 WRF Senior Notes") and 5 1/8% Senior Notes due 2029 (the "2029 WRF Senior Notes"), the "WRF Senior Notes") pursuant to a supplemental indenture to the 2031 Senior Notes indenture dated as of February 16, 2023. The 2031 WRF Add-On Senior Notes were issued at a price equal to 103.00% of the principal amount plus accrued interest, resulting in net proceeds of $409.5 million. The net proceeds from the 2031 WRF Add-On Senior Notes, together with cash held by Wynn Resorts, were used to repurchase an aggregate $796.7 million of the outstanding principal amount of the 2025 WLV Senior Notes (as defined below) and to pay the applicable tender premium and related fees and expenses. In connection with the issuance of the 2031 WRF Add-On Senior Notes and the repurchase of the 2025 WLV Senior Notes (as further discussed below), the Company recognized a loss on debt financing transactions of $1.6 million within the accompanying Condensed Consolidated Statements of Income, and the Company recorded debt issuance costs of $5.6 million within the accompanying Condensed Consolidated Balance Sheet. WLV Senior Notes In February and March 2024, Wynn Las Vegas repurchased $800.0 million aggregate principal amount of its 5 1/2% Senior Notes due 2025 (the "2025 WLV Senior Notes"), which consisted of i) $681.0 million aggregate principal amount of validly tendered notes repurchased at a price equal to 97.2% of the principal amount, plus accrued interest and an early tender premium of $20.3 million, and ii) $119.0 million aggregate principal amount of notes repurchased on a pro-rata basis at a price equal of 100% of the principal amount, plus accrued interest, under the terms of its indenture. Included in the $119.0 million repurchase was $3.3 million aggregate principal amount of 2025 WLV Senior Notes held by Wynn Resorts. The Company used the net proceeds from the 2031 WRF Add-On Senior Notes and cash held by WRF to purchase such validly tendered 2025 WLV Senior Notes and to pay the early tender premium and related fees and expenses. Debt Covenant Compliance As of June 30, 2024, management believes the Company was in compliance with all debt covenants. Fair Value of Long-Term Debt

WML Convertible Bond Conversion

WML Convertible Bond Conversion Option Derivative	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
WML Convertible Bond Conversion Option Derivative	WML Convertible Bond Conversion Option Derivative The conversion feature contained within the WML Convertible Bonds (the "WML Convertible Bond Conversion Option Derivative") 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, reported at fair value as of the end of each reporting period, with changes recognized in the Condensed Consolidated Statements of Income. The following table sets forth the inputs to the lattice models that were used to value the WML Convertible Bond Conversion Option Derivative: June 30, 2024 December 31, 2023 WML stock price HK$ 6.40 HK$ 6.43 Estimated volatility 34.0 % 34.0 % Risk-free interest rate 3.8 % 3.3 % Expected term (years) 4.7 5.2 Dividend yield (1) 0.0 % 0.0 % (1) Dividend yield is assumed to be zero in the lattice model used to value the WML Convertible Bond Conversion Option Derivative, due to a dividend protection feature in the WML Convertible Bond Agreement. As of June 30, 2024 and December 31, 2023, the estimated fair value of the embedded derivative was a liability of $72.0 million and $73.7 million, respectively, recorded in Long-term debt in the accompanying Condensed Consolidated Balance Sheets. In connection with the change in fair value, the Company recorded a gain of $18.0 million and $21.6 million for the three months ended June 30, 2024 and 2023, respectively, and a gain of $1.7 million and $46.5 million for the six months ended June 30, 2024 and 2023, respectively, within Change in derivative fair value in the accompanying Condensed Consolidated Statements of Income.

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
	Jun. 30, 2024
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 six months ended June 30, 2024, the Company repurchased 741,340 shares of its common stock at an average price of $91.72 per share, for an aggregate cost of $68.0 million under the equity repurchase program. No shares were repurchased during the three and six months ended June 30, 2023. As of June 30, 2024, the Company had $365.4 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 March 31, 2024 and June 30, 2024 and recorded $28.0 million in each period against accumulated deficit. On August 6, 2024, the Company's Board of Directors declared a cash dividend of $0.25 per share on its common stock, payable on August 30, 2024 to stockholders of record as of August 19, 2024. Noncontrolling Interests Wynn Macau, Limited On June 19, 2024, WML paid a cash dividend of HK$0.075 per share for a total U.S. dollar equivalent of approximately $50.4 million. The Company's share of this dividend was $36.0 million, and the noncontrolling interest holders' share of this dividend was $14.4 million. WML Securities Lending Agreement In connection with the offering of the WML Convertible Bonds, 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. As of the date of this report, the WML Stock Borrower held 179,774,985 WML shares under the Securities Lending Agreement. Retail Joint Venture During the six months ended June 30, 2024 and 2023, the Retail Joint Venture made aggregate distributions of approximately $8.6 million and $8.9 million, respectively, to its non-controlling interest holder. For more information on the Retail Joint Venture, see Note 16, "Retail Joint Venture."

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: June 30, 2024 Quoted Other Unobservable Assets: Cash equivalents $ 1,241,966 $ — $ 1,241,966 $ — Restricted cash $ 90,629 $ 2,204 $ 88,425 $ — Fixed deposits $ 500,000 $ — $ 500,000 $ — Interest rate collar $ 1,668 $ — $ 1,668 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 7) $ 72,039 $ — $ — $ 72,039 Fair Value Measurements Using: December 31, 2023 Quoted Other Unobservable Assets: Cash equivalents $ 1,802,712 $ — $ 1,802,712 $ — Restricted cash $ 90,226 $ 2,170 $ 88,056 $ — Fixed deposits $ 550,000 $ — $ 550,000 $ — Interest rate collar $ 5,769 $ — $ 5,769 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 7) $ 73,744 $ — $ — $ 73,744

Customer Contract Liabilities

Customer Contract Liabilities	6 Months Ended
	Jun. 30, 2024
Revenue Recognition [Abstract]
Customer Contract Liabilties	Customer Contract Liabilities In providing goods and services to its customers, there is often a timing difference between the Company receiving cash and the Company recording revenue for providing services or holding events. The Company's primary liabilities associated with customer contracts are as follows (in thousands): June 30, 2024 December 31, 2023 Increase / (decrease) June 30, 2023 December 31, 2022 Increase / (decrease) Casino outstanding chips and front money deposits (1) $ 405,153 $ 433,269 $ (28,116) $ 398,100 $ 390,531 $ 7,569 Advance room deposits and ticket sales (2) 71,214 89,640 (18,426) 73,517 85,019 (11,502) Other gaming-related liabilities (3) 14,710 24,964 (10,254) 29,047 31,265 (2,218) Loyalty program and related liabilities (4) 28,616 31,106 (2,490) 37,799 35,083 2,716 $ 519,693 $ 578,979 $ (59,286) $ 538,463 $ 541,898 $ (3,435) (1) Casino outstanding chips generally represent amounts owed to gaming promoters and customers for chips in their possession, and casino front money deposits represent funds deposited by customers before gaming play occurs. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and may be recognized as revenue or redeemed for cash in the future. (2) Advance room deposits and ticket sales represent cash received in advance for goods or services to be provided in the future. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and will be recognized as revenue when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenue and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenue within one year. (3) Other gaming-related liabilities generally represent unpaid wagers primarily in the form of unredeemed slot, race and sportsbook tickets or wagers for future sporting events. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets. (4) Loyalty program and related liabilities represent the deferral of revenue until the loyalty points or other complimentaries are redeemed. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Casino $ 791 $ 512 $ 1,466 $ 989 Rooms 268 195 496 $ 401 Food and beverage 577 393 989 $ 802 Entertainment, retail and other 694 2,846 1,440 $ 5,885 General and administrative 13,837 14,339 26,145 $ 24,918 Total stock-based compensation expense 16,167 18,285 30,536 32,995 Total stock-based compensation capitalized $ 1,319 1,368 2,621 2,134 Total stock-based compensation costs $ 17,486 $ 19,653 $ 33,157 $ 35,129

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded an income tax expense of $7.9 million and $4.3 million for the three months ended June 30, 2024 and 2023, respectively, and an income tax expense of $27.9 million and $5.3 million for the six months ended June 30, 2024 and 2023, respectively, primarily related to its U.S.-based operating profits.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") is computed by dividing net income attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Wynn Resorts, adjusted for the potential dilutive impact assuming that the conversion of the WML Convertible Bonds occurred at the later of the date of issuance or beginning of the period presented 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. Other potentially dilutive securities include outstanding stock options and unvested restricted stock. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income attributable to Wynn Resorts, Limited - basic $ 111,943 $ 105,184 $ 256,159 $ 117,516 Effect of dilutive securities of Wynn Resorts, Limited subsidiaries: Assumed conversion of WML Convertible Bonds (10,586) (10,629) — (22,600) Net income attributable to Wynn Resorts, Limited - diluted $ 101,357 $ 94,555 $ 256,159 $ 94,916 Denominator: Weighted average common shares outstanding 110,937 112,889 110,980 112,821 Potential dilutive effect of stock options, nonvested, and performance nonvested shares 238 309 242 322 Weighted average common and common equivalent shares outstanding 111,175 113,198 111,222 113,143 Net income attributable to Wynn Resorts, Limited per common share, basic $ 1.01 $ 0.93 $ 2.31 $ 1.04 Net income attributable to Wynn Resorts, Limited per common share, diluted $ 0.91 $ 0.84 $ 2.30 $ 0.84 Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 339 321 325 344

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases Lessor Arrangements The following table presents the minimum and contingent operating lease income for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Minimum rental income $ 33,838 $ 31,811 $ 68,008 $ 65,649 Contingent rental income 16,233 25,206 36,872 53,970 Total rental income $ 50,071 $ 57,017 $ 104,880 $ 119,619

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
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. Securities Class Action On February 20, 2018, a putative securities class action was filed against the Company and certain current and former officers of the Company in the United States District Court, Southern District of New York (which was subsequently transferred to the United States District Court, District of Nevada) by John V. Ferris and Joann M. Ferris on behalf of all persons who purchased the Company's common stock between February 28, 2014 and January 25, 2018. The complaint alleges, among other things, certain violations of federal securities laws and seeks to recover unspecified damages as well as attorneys' fees, costs and related expenses for the plaintiffs. On April 15, 2019, the Company filed a motion to dismiss, which the court granted on May 27, 2020, with leave to amend. On July 1, 2020, the plaintiffs filed an amended complaint. On August 14, 2020, the Company filed a motion to dismiss the amended complaint. On July 28, 2021, the court granted in part, and denied in part, the Company's motion to dismiss the amended complaint, dismissing certain of plaintiffs' claims, including all claims against current CEO Craig Billings and the individual directors, and allowing other claims to proceed against the Company and several of the Company's former executive officers, including Matthew Maddox, Stephen A. Wynn, Kimmarie Sinatra, and Steven Cootey. On March 2, 2023, the court granted the plaintiffs' motion for class certification and appointed lead counsel. The parties are now proceeding with discovery. The defendants in this action intend to vigorously defend against the claims pleaded against them and believe that the claims are without merit. This action is in the preliminary stages and the Company has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or reasonably estimate the range of possible loss, if any. Federal Investigation From time to time, the Company receives regulatory inquiries about compliance with anti-money laundering laws. The Company received requests for information from the U.S. Attorney’s Office for the Southern District of California relating to its anti-money laundering policies and procedures, and beginning in 2020 received several grand jury subpoenas regarding various transactions at Wynn Las Vegas relating to certain patrons and agents who reside or operate in foreign jurisdictions. The Company continues to cooperate with the U.S. Attorney's Office in its investigation, which remains ongoing. Because no charges or claims have been brought, the Company is unable to predict the outcome of the investigation, the extent of the materiality of the outcome, or reasonably estimate the possible range of loss, if any, which could be associated with the resolution of any possible charges or claims that may be brought against the Company.

Retail Joint Venture

Retail Joint Venture	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Retail Joint Venture	Retail Joint Venture As of June 30, 2024 and December 31, 2023, the Retail Joint Venture had total assets of $104.3 million and $102.5 million, respectively, and total liabilities of $621.8 million and $621.9 million, respectively. As of June 30, 2024 and December 31, 2023, the Retail Joint Venture's liabilities included long-term debt of $614.4 million and $614.1 million, respectively, net of debt issuance costs, related to the outstanding borrowings under the Retail Term Loan.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
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; and (iv) Encore Boston Harbor. 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 assets and results of operations of Wynn Interactive are presented in Corporate and other. The following tables present the Company's segment information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating revenues Macau Operations: Wynn Palace Casino $ 444,964 $ 365,277 $ 918,745 $ 635,964 Rooms 50,206 50,092 104,142 97,002 Food and beverage 29,829 25,260 61,899 48,813 Entertainment, retail and other (1) 23,050 27,721 50,164 55,934 548,049 468,350 1,134,950 837,713 Wynn Macau Casino 280,717 242,950 627,070 419,333 Rooms 23,742 26,130 52,361 48,101 Food and beverage 20,003 14,666 41,022 28,968 Entertainment, retail and other (1) 12,807 17,847 28,560 35,917 337,269 301,593 749,013 532,319 Total Macau Operations 885,318 769,943 1,883,963 1,370,032 Las Vegas Operations: Casino 129,674 137,946 264,837 292,476 Rooms 205,872 177,765 429,948 362,874 Food and beverage 208,418 195,146 402,028 367,629 Entertainment, retail and other (1) 84,690 67,215 168,389 141,857 Total Las Vegas Operations 628,654 578,072 1,265,202 1,164,836 Encore Boston Harbor: Casino 153,591 166,826 319,760 332,218 Rooms 24,701 22,518 45,484 41,057 Food and beverage 23,154 21,964 43,393 44,237 Entertainment, retail and other (1) 11,162 10,624 21,755 20,726 Total Encore Boston Harbor 212,608 221,932 430,392 438,238 Corporate and other: Entertainment, retail and other 6,352 25,875 16,284 46,395 Total Corporate and other 6,352 25,875 16,284 46,395 Total operating revenues $ 1,732,932 $ 1,595,822 $ 3,595,841 $ 3,019,501 (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 14, "Leases." Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Adjusted Property EBITDAR (1) Macau Operations: Wynn Palace $ 184,459 $ 156,607 $ 386,829 $ 267,665 Wynn Macau 95,911 89,590 233,097 134,335 Total Macau Operations 280,370 246,197 619,926 402,000 Las Vegas Operations 230,333 224,121 476,595 455,718 Encore Boston Harbor 62,131 69,104 125,266 132,518 Corporate and other (1,179) (14,964) (3,597) (36,032) Total 571,655 524,458 1,218,190 954,204 Other operating expenses Pre-opening 1,558 1,477 3,593 5,955 Depreciation and amortization 176,405 169,962 351,338 338,774 Property charges and other (2) 38,815 16,019 55,763 18,477 Corporate expenses and other 33,710 32,748 73,615 67,238 Stock-based compensation 16,167 18,285 30,536 32,995 Triple-net operating lease rent expense 35,342 35,631 70,746 70,914 Total other operating expenses 301,997 274,122 585,591 534,353 Operating income 269,658 250,336 632,599 419,851 Other non-operating income and expenses Interest income 34,884 44,127 75,056 84,320 Interest expense, net of amounts capitalized (174,596) (190,243) (357,000) (377,983) Change in derivatives fair value 15,517 24,336 (2,397) 47,382 Loss on debt financing transactions — (3,375) (1,561) (15,611) Other 8,745 6,959 4,023 (23,655) Total other non-operating income and expenses (115,450) (118,196) (281,879) (285,547) Income before income taxes 154,208 132,140 350,720 134,304 Provision for income taxes (7,935) (4,305) (27,949) (5,323) Net income 146,273 127,835 322,771 128,981 Net income attributable to noncontrolling interests (34,330) (22,651) (66,612) (11,465) Net income attributable to Wynn Resorts, Limited $ 111,943 $ 105,184 $ 256,159 $ 117,516 (1) "Adjusted Property EBITDAR" is net income before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions, and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. The Company also presents Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations preopening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income 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, 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 each of the three and six months ended June 30, 2024, includes $61.5 million of expensed project costs related to a discontinued development project, partially offset by a gain of $24.6 million related to the sale of certain Wynn Interactive assets, both included in Corporate and other. June 30, 2024 December 31, 2023 Assets Macau Operations: Wynn Palace $ 2,849,362 $ 2,936,264 Wynn Macau 1,848,162 1,864,211 Other Macau 761,612 886,175 Total Macau Operations 5,459,136 5,686,650 Las Vegas Operations 3,073,105 3,173,247 Encore Boston Harbor 1,957,746 2,006,565 Corporate and other 2,799,811 3,129,761 Total $ 13,289,798 $ 13,996,223

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income attributable to Wynn Resorts, Limited - basic	$ 111,943	$ 105,184	$ 256,159	$ 117,516

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
Use of Estimates	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 deferred tax assets and 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 Taxes
Investments	Investments As of June 30, 2024, the Company held $500.0 million in fixed deposits, recorded at fair value. The Company received proceeds of $300.0 million upon the maturity of its investments in debt securities and $50.0 million upon the maturity of its investments in fixed deposits during the three months ended June 30, 2024. As of December 31, 2023, the Company held $550.0 million in fixed deposits, recorded at fair value, and $295.2 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 December 31, 2023 was approximately $294.8 million and the gross unrecognized holding loss was $0.4 million. As of December 31, 2023, the Company had $8.7 million in accrued interest on its debt securities, recorded in Investments
Investments in Unconsolidated Affiliate	Investment in Unconsolidated Affiliate
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.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, 2024 December 31, 2023 Cash and cash equivalents: Cash (1) $ 1,137,449 $ 1,076,474 Cash equivalents (2) 1,241,966 1,802,712 Total cash and cash equivalents 2,379,415 2,879,186 Restricted cash (3) 90,629 90,226 Total cash, cash equivalents and restricted cash $ 2,470,044 $ 2,969,412 (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, cash held in trusts in accordance with WML's share award plans, and as of June 30, 2024 and December 31, 2023 included $87.0 million in the form of a first demand bank guarantee in favor of the Macau government to support the legal and contractual obligations of Wynn Resorts (Macau) S.A. ("Wynn Macau SA") through the term of Wynn Macau SA's gaming concession contract.
Schedule of Restricted Cash and Cash Equivalents	Cash, cash equivalents and restricted cash consisted of the following (in thousands): June 30, 2024 December 31, 2023 Cash and cash equivalents: Cash (1) $ 1,137,449 $ 1,076,474 Cash equivalents (2) 1,241,966 1,802,712 Total cash and cash equivalents 2,379,415 2,879,186 Restricted cash (3) 90,629 90,226 Total cash, cash equivalents and restricted cash $ 2,470,044 $ 2,969,412 (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, cash held in trusts in accordance with WML's share award plans, and as of June 30, 2024 and December 31, 2023 included $87.0 million in the form of a first demand bank guarantee in favor of the Macau government to support the legal and contractual obligations of Wynn Resorts (Macau) S.A. ("Wynn Macau SA") through the term of Wynn Macau SA's gaming concession contract.
Schedule of Supplemental Cash Flow Disclosures	The following table presents the supplemental cash flow disclosures of the Company (in thousands): Six Months Ended June 30, 2024 2023 Cash paid for interest, net of amounts capitalized $ 342,525 $ 346,055 Liability settled with shares of common stock $ 8,015 $ 6,639 Accounts and construction payables related to property and equipment $ 59,245 $ 49,014 Other liabilities related to intangible assets (1) $ 200,251 $ 205,875 Net settlement of liabilities in connection with an asset sale $ 27,665 $ — Finance lease liabilities arising from obtaining finance lease assets $ 4,669 $ 657

Receivables, net (Tables)

Receivables, net (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Receivables, net	Receivables, net consisted of the following (in thousands): June 30, 2024 December 31, 2023 Casino $ 183,958 $ 218,694 Hotel 45,267 54,596 Other 127,909 108,497 357,134 381,787 Less: allowance for credit losses (39,491) (40,075) $ 317,643 $ 341,712 The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the periods presented (in thousands): June 30, 2024 2023 Balance at beginning of year $ 40,075 $ 78,842 Provision for credit losses 2,516 (7,184) Write-offs (6,377) (22,862) Recoveries of receivables previously written off 3,261 8,655 Effect of exchange rate 16 (190) Balance at end of period $ 39,491 $ 57,261

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): June 30, 2024 December 31, 2023 Buildings and improvements $ 8,490,529 $ 8,459,085 Land and improvements 1,234,583 1,228,652 Furniture, fixtures and equipment 3,366,334 3,311,478 Airplanes 110,623 110,623 Construction in progress 169,259 162,592 13,371,328 13,272,430 Less: accumulated depreciation (6,878,749) (6,583,951) $ 6,492,579 $ 6,688,479

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following (in thousands): June 30, 2024 December 31, 2023 Macau Related: WM Cayman II Revolver, due 2025 (1) $ 1,186,448 $ 1,497,610 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) 600,000 600,000 U.S. and Corporate Related: WRF Credit Facilities (3) : WRF Term Loan, due 2024 71,794 73,683 WRF Term Loan, due 2027 711,956 730,692 WLV 5 1/2% Senior Notes, due 2025 583,310 1,380,001 WLV 5 1/4% Senior Notes, due 2027 880,000 880,000 WRF 5 1/8% Senior Notes, due 2029 750,000 750,000 WRF 7 1/8% Senior Notes, due 2031 1,000,000 600,000 Retail Term Loan, due 2025 (4) 615,000 615,000 11,098,508 11,826,986 WML Convertible Bond Conversion Option Derivative 72,039 73,744 Less: Unamortized debt issuance costs and original issue discounts and premium, net (139,835) (162,393) 11,030,712 11,738,337 Less: Current portion of long-term debt (1,291,295) (709,593) Total long-term debt, net of current portion $ 9,739,417 $ 11,028,744 (1) As of June 30, 2024, 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 $247.4 million and $939.1 million of the WM Cayman II Revolver bears interest at a rate of Term SOFR plus 1.975% per year and HIBOR plus 1.875% per year, respectively. As of June 30, 2024, the weighted average interest rate was approximately 6.66%. As of June 30, 2024, the available borrowing capacity under the WM Cayman II Revolver was $312.2 million. In July 2024, the Company repaid approximately $40.0 million of outstanding WM Cayman II Revolver borrowings. (2) As of June 30, 2024, the net carrying amount of the WML Convertible Bonds was $488.8 million, with unamortized debt discount and debt issuance costs of $111.2 million. The Company recorded contractual interest expense of $6.8 million and $6.8 million and amortization of discounts and issuance costs of $4.7 million and $4.3 million during the three months ended June 30, 2024 and 2023, respectively, and contractual interest expense of $13.5 million and $8.6 million and amortization of discounts and issuance costs of $9.2 million and $5.4 million during the six months ended June 30, 2024 and 2023, respectively. (3) The WRF Credit Facilities bear interest at a rate of Term SOFR plus 1.85% per year. As of June 30, 2024, the weighted average interest rate was approximately 7.19%. Additionally, as of June 30, 2024, the available borrowing capacity under the WRF Revolver was $735.3 million, net of $14.7 million in outstanding letters of credit.

WML Convertible Bond Conversi_2

WML Convertible Bond Conversion Option Derivative (Tables)	6 Months Ended
	Jun. 30, 2024
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 WML Convertible Bond Conversion Option Derivative: June 30, 2024 December 31, 2023 WML stock price HK$ 6.40 HK$ 6.43 Estimated volatility 34.0 % 34.0 % Risk-free interest rate 3.8 % 3.3 % Expected term (years) 4.7 5.2 Dividend yield (1) 0.0 % 0.0 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Carried at Fair Value	The following tables present assets and liabilities carried at fair value (in thousands): Fair Value Measurements Using: June 30, 2024 Quoted Other Unobservable Assets: Cash equivalents $ 1,241,966 $ — $ 1,241,966 $ — Restricted cash $ 90,629 $ 2,204 $ 88,425 $ — Fixed deposits $ 500,000 $ — $ 500,000 $ — Interest rate collar $ 1,668 $ — $ 1,668 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 7) $ 72,039 $ — $ — $ 72,039 Fair Value Measurements Using: December 31, 2023 Quoted Other Unobservable Assets: Cash equivalents $ 1,802,712 $ — $ 1,802,712 $ — Restricted cash $ 90,226 $ 2,170 $ 88,056 $ — Fixed deposits $ 550,000 $ — $ 550,000 $ — Interest rate collar $ 5,769 $ — $ 5,769 $ — Liabilities: WML Convertible Bond Conversion Option Derivative (see Note 7) $ 73,744 $ — $ — $ 73,744

Customer Contract Liabilities (

Customer Contract Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue Recognition [Abstract]
Schedule of Customer Contract Liabilities	The Company's primary liabilities associated with customer contracts are as follows (in thousands): June 30, 2024 December 31, 2023 Increase / (decrease) June 30, 2023 December 31, 2022 Increase / (decrease) Casino outstanding chips and front money deposits (1) $ 405,153 $ 433,269 $ (28,116) $ 398,100 $ 390,531 $ 7,569 Advance room deposits and ticket sales (2) 71,214 89,640 (18,426) 73,517 85,019 (11,502) Other gaming-related liabilities (3) 14,710 24,964 (10,254) 29,047 31,265 (2,218) Loyalty program and related liabilities (4) 28,616 31,106 (2,490) 37,799 35,083 2,716 $ 519,693 $ 578,979 $ (59,286) $ 538,463 $ 541,898 $ (3,435) (1) Casino outstanding chips generally represent amounts owed to gaming promoters and customers for chips in their possession, and casino front money deposits represent funds deposited by customers before gaming play occurs. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and may be recognized as revenue or redeemed for cash in the future. (2) Advance room deposits and ticket sales represent cash received in advance for goods or services to be provided in the future. These amounts are included in customer deposits on the Condensed Consolidated Balance Sheets and will be recognized as revenue when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenue and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenue within one year. (3) Other gaming-related liabilities generally represent unpaid wagers primarily in the form of unredeemed slot, race and sportsbook tickets or wagers for future sporting events. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets. (4) Loyalty program and related liabilities represent the deferral of revenue until the loyalty points or other complimentaries are redeemed. The amounts are included in other accrued liabilities on the Condensed Consolidated Balance Sheets and are expected to be recognized as revenue within one year of being earned by customers.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share Based Compensation Allocated Costs	The total compensation cost for stock-based compensation plans was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Casino $ 791 $ 512 $ 1,466 $ 989 Rooms 268 195 496 $ 401 Food and beverage 577 393 989 $ 802 Entertainment, retail and other 694 2,846 1,440 $ 5,885 General and administrative 13,837 14,339 26,145 $ 24,918 Total stock-based compensation expense 16,167 18,285 30,536 32,995 Total stock-based compensation capitalized $ 1,319 1,368 2,621 2,134 Total stock-based compensation costs $ 17,486 $ 19,653 $ 33,157 $ 35,129

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Shares used in Calculation of Earnings Per Share	The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income attributable to Wynn Resorts, Limited - basic $ 111,943 $ 105,184 $ 256,159 $ 117,516 Effect of dilutive securities of Wynn Resorts, Limited subsidiaries: Assumed conversion of WML Convertible Bonds (10,586) (10,629) — (22,600) Net income attributable to Wynn Resorts, Limited - diluted $ 101,357 $ 94,555 $ 256,159 $ 94,916 Denominator: Weighted average common shares outstanding 110,937 112,889 110,980 112,821 Potential dilutive effect of stock options, nonvested, and performance nonvested shares 238 309 242 322 Weighted average common and common equivalent shares outstanding 111,175 113,198 111,222 113,143 Net income attributable to Wynn Resorts, Limited per common share, basic $ 1.01 $ 0.93 $ 2.31 $ 1.04 Net income attributable to Wynn Resorts, Limited per common share, diluted $ 0.91 $ 0.84 $ 2.30 $ 0.84 Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share 339 321 325 344

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Minimum and Contingent Operating Lease Income	The following table presents the minimum and contingent operating lease income for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Minimum rental income $ 33,838 $ 31,811 $ 68,008 $ 65,649 Contingent rental income 16,233 25,206 36,872 53,970 Total rental income $ 50,071 $ 57,017 $ 104,880 $ 119,619

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Summary of Operations by Segment	The following tables present the Company's segment information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating revenues Macau Operations: Wynn Palace Casino $ 444,964 $ 365,277 $ 918,745 $ 635,964 Rooms 50,206 50,092 104,142 97,002 Food and beverage 29,829 25,260 61,899 48,813 Entertainment, retail and other (1) 23,050 27,721 50,164 55,934 548,049 468,350 1,134,950 837,713 Wynn Macau Casino 280,717 242,950 627,070 419,333 Rooms 23,742 26,130 52,361 48,101 Food and beverage 20,003 14,666 41,022 28,968 Entertainment, retail and other (1) 12,807 17,847 28,560 35,917 337,269 301,593 749,013 532,319 Total Macau Operations 885,318 769,943 1,883,963 1,370,032 Las Vegas Operations: Casino 129,674 137,946 264,837 292,476 Rooms 205,872 177,765 429,948 362,874 Food and beverage 208,418 195,146 402,028 367,629 Entertainment, retail and other (1) 84,690 67,215 168,389 141,857 Total Las Vegas Operations 628,654 578,072 1,265,202 1,164,836 Encore Boston Harbor: Casino 153,591 166,826 319,760 332,218 Rooms 24,701 22,518 45,484 41,057 Food and beverage 23,154 21,964 43,393 44,237 Entertainment, retail and other (1) 11,162 10,624 21,755 20,726 Total Encore Boston Harbor 212,608 221,932 430,392 438,238 Corporate and other: Entertainment, retail and other 6,352 25,875 16,284 46,395 Total Corporate and other 6,352 25,875 16,284 46,395 Total operating revenues $ 1,732,932 $ 1,595,822 $ 3,595,841 $ 3,019,501 (1) Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 14, "Leases." Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Adjusted Property EBITDAR (1) Macau Operations: Wynn Palace $ 184,459 $ 156,607 $ 386,829 $ 267,665 Wynn Macau 95,911 89,590 233,097 134,335 Total Macau Operations 280,370 246,197 619,926 402,000 Las Vegas Operations 230,333 224,121 476,595 455,718 Encore Boston Harbor 62,131 69,104 125,266 132,518 Corporate and other (1,179) (14,964) (3,597) (36,032) Total 571,655 524,458 1,218,190 954,204 Other operating expenses Pre-opening 1,558 1,477 3,593 5,955 Depreciation and amortization 176,405 169,962 351,338 338,774 Property charges and other (2) 38,815 16,019 55,763 18,477 Corporate expenses and other 33,710 32,748 73,615 67,238 Stock-based compensation 16,167 18,285 30,536 32,995 Triple-net operating lease rent expense 35,342 35,631 70,746 70,914 Total other operating expenses 301,997 274,122 585,591 534,353 Operating income 269,658 250,336 632,599 419,851 Other non-operating income and expenses Interest income 34,884 44,127 75,056 84,320 Interest expense, net of amounts capitalized (174,596) (190,243) (357,000) (377,983) Change in derivatives fair value 15,517 24,336 (2,397) 47,382 Loss on debt financing transactions — (3,375) (1,561) (15,611) Other 8,745 6,959 4,023 (23,655) Total other non-operating income and expenses (115,450) (118,196) (281,879) (285,547) Income before income taxes 154,208 132,140 350,720 134,304 Provision for income taxes (7,935) (4,305) (27,949) (5,323) Net income 146,273 127,835 322,771 128,981 Net income attributable to noncontrolling interests (34,330) (22,651) (66,612) (11,465) Net income attributable to Wynn Resorts, Limited $ 111,943 $ 105,184 $ 256,159 $ 117,516 (1) "Adjusted Property EBITDAR" is net income before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions, and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. The Company also presents Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations preopening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income 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, 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.
Summary of Assets by Segment	June 30, 2024 December 31, 2023 Assets Macau Operations: Wynn Palace $ 2,849,362 $ 2,936,264 Wynn Macau 1,848,162 1,864,211 Other Macau 761,612 886,175 Total Macau Operations 5,459,136 5,686,650 Las Vegas Operations 3,073,105 3,173,247 Encore Boston Harbor 1,957,746 2,006,565 Corporate and other 2,799,811 3,129,761 Total $ 13,289,798 $ 13,996,223

Organization (Details)

Organization (Details)	Jun. 30, 2024
Island 3 AMI FZ-LLC
Organization and Basis of Presentation [Line Items]
Equity interest	40%
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%

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Gaming tax expenses	$ 436,900,000	$ 391,400,000	$ 925,600,000	$ 701,800,000
Fixed deposits	500,000,000		500,000,000		$ 550,000,000
Maturity of debt securities	300,000,000
Maturity of investments in fixed deposits	50,000,000
Investment securities, amortized cost					295,200,000
Investment securities, fair value					294,800,000
Investment securities, unrecognized holding loss					400,000
Investment securities, accrued interest					$ 8,700,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]					Investments
Investment securities, impairment loss	0	$ 0	0	$ 0
Goodwill	18,500,000		18,500,000		$ 18,500,000
Goodwill, impairment loss	0		0
Equity method investments	$ 517,600,000		$ 517,600,000		$ 90,900,000

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash	$ 1,137,449	$ 1,076,474
Cash equivalents	1,241,966	1,802,712
Total cash and cash equivalents	2,379,415	2,879,186
Restricted cash	90,629	90,226
Total cash, cash equivalents and restricted cash	2,470,044	2,969,412	$ 3,747,797	$ 3,782,990
Restricted cash, bank guarantee	$ 87,000	$ 87,000

Cash, Cash Equivalents and Re_4

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash paid for interest, net of amounts capitalized	$ 342,525	$ 346,055
Liability settled with shares of common stock	8,015	6,639
Accounts and construction payables related to property and equipment	59,245	49,014
Other liabilities related to intangible assets	200,251	205,875
Net settlement of liabilities in connection with an asset sale	27,665	0
Finance lease liabilities arising from obtaining finance lease assets	4,669	657
Other liabilities related to intangible assets, gaming premium	$ 198,800	$ 201,500

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 357,134	$ 381,787
Less: allowance for credit losses	(39,491)	(40,075)
Receivables, net	$ 317,643	$ 341,712
Geographic Concentration Risk | Receivables | Outside the United States, primarily Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of markers due from customers	75.40%	68.20%
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 183,958	$ 218,694
Allowance for credit losses, percent of gross casino receivables	18%	15.90%
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 45,267	$ 54,596
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 127,909	$ 108,497

Receivables, net - Schedule of

Receivables, net - Schedule of Movement in Allowance for Credit Losses Recognized for Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year			$ 40,075	$ 78,842
Provision for credit losses	$ 2,429	$ (6,640)	2,516	(7,184)
Write-offs			(6,377)	(22,862)
Recoveries of receivables previously written off			3,261	8,655
Effect of exchange rate			16	(190)
Balance at end of period	$ 39,491	$ 57,261	$ 39,491	$ 57,261

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Buildings and improvements	$ 8,490,529	$ 8,459,085
Land and improvements	1,234,583	1,228,652
Furniture, fixtures and equipment	3,366,334	3,311,478
Airplanes	110,623	110,623
Construction in progress	169,259	162,592
Property and equipment, gross	13,371,328	13,272,430
Less: accumulated depreciation	(6,878,749)	(6,583,951)
Property and equipment, net	$ 6,492,579	$ 6,688,479

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 162,200	$ 154,800	$ 320,300	$ 308,900
Construction in Progress
Property, Plant and Equipment [Line Items]
Expensed amount	61,500
Overhead costs	$ 4,700

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Feb. 29, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,098,508			$ 11,826,986
WML Convertible Bond Conversion Option Derivative	72,039			73,744
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(139,835)			(162,393)
Long-term debt total	11,030,712			11,738,337
Less: Current portion of long-term debt	(1,291,295)			(709,593)
Total long-term debt, net of current portion	9,739,417			11,028,744
WLV 5 1/2% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt total		$ 3,300
WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	1,186,448			1,497,610
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 | Convertible Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000			600,000
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(111,200)
Long-term debt total	$ 488,800
Stated interest rate	4.50%
WRF | WRF Term Loan, due 2024 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 71,794			73,683
WRF | WRF Term Loan, due 2027 | Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	711,956			730,692
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	$ 1,000,000			600,000
Long-term debt total			$ 409,500
Stated interest rate	7.125%
WLV | WLV 5 1/2% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 583,310			1,380,001
Stated interest rate	5.50%
WLV | WLV 5 1/4% Senior Notes, due 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 880,000			880,000
Stated interest rate	5.25%
Wynn/CA Plaza Property Owner, LLC And Wynn/CA Property Owner, LLC (The Borrowers) | Retail Term Loan, due 2025 | Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 615,000			$ 615,000

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,098,508		$ 11,098,508		$ 11,826,986
Long-term debt	11,030,712		11,030,712		11,738,337
Unamortized debt issuance costs and original issue discounts and premium, net	139,835		139,835		162,393
WM Cayman Holdings Limited II | WM Cayman II Revolver, due 2025 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,186,448		$ 1,186,448		1,497,610
Weighted average interest rate (percent)	6.66%		6.66%
Available borrowing capacity	$ 312,200		$ 312,200
WML | WML 4 1/2% Convertible Bonds, due 2029 | Convertible Debt
Debt Instrument [Line Items]
Long-term debt, gross	600,000		600,000		600,000
Long-term debt	488,800		488,800
Unamortized debt issuance costs and original issue discounts and premium, net	111,200		111,200
Interest expense	6,800	$ 6,800	13,500	$ 8,600
Amortization of debt issuance costs and discounts	4,700	$ 4,300	9,200	$ 5,400
WRF | Senior Revolving Credit Facility, Due 2024 | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Available borrowing capacity	735,300		735,300
Outstanding letters of credit	14,700		14,700
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)	7.19%		7.19%
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			1.975%
Long-term debt, gross	$ 247,400		$ 247,400
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			1.875%
Long-term debt, gross	$ 939,100		$ 939,100

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	2 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Feb. 29, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt		$ 11,030,712		$ 11,738,337
Debt instrument, fair value disclosure		10,850,000		11,490,000
Long-term debt, gross		11,098,508		11,826,986
WRF 2031 Senior Notes and WLV 2025 Senior Notes | Senior Notes
Debt Instrument [Line Items]
Loss on restructuring of debt		1,600
Debt issuance costs		5,600
WRF 7 1/8% Senior Notes, due 2031 | Senior Notes | WRF
Debt Instrument [Line Items]
Debt instrument, face amount			$ 400,000
Debt redemption price as percentage of principal	103%
Long-term debt			$ 409,500
Long-term debt, gross		1,000,000		600,000
WLV 5 1/2% Senior Notes, due 2025 | Senior Notes
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	100%
Long-term debt	$ 3,300
Repurchased face amount	800,000
Debt instrument, early tender premium	$ 20,300
WLV 5 1/2% Senior Notes, due 2025 | Senior Notes | Period One
Debt Instrument [Line Items]
Debt redemption price as percentage of principal	97.20%
Repurchased face amount	$ 681,000
WLV 5 1/2% Senior Notes, due 2025 | Senior Notes | Period Two
Debt Instrument [Line Items]
Repurchased face amount	119,000
WLV 5 1/2% Senior Notes, due 2025 | Senior Notes | WLV
Debt Instrument [Line Items]
Repayments of debt	$ 796,700
Long-term debt, gross		$ 583,310		$ 1,380,001

WML Convertible Bond Conversi_3

WML Convertible Bond Conversion Option Derivative - Valuation Techniques for Embedded Derivative (Details)	Jun. 30, 2024	Dec. 31, 2023
WML stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	6.40	6.43
Estimated volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.340	0.340
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0.038	0.033
Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	4.7	5.2
Dividend yield (1)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0	0

WML Convertible Bond Conversi_4

WML Convertible Bond Conversion Option Derivative - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Derivative [Line Items]
WML Convertible Bond Conversion Option Derivative	$ 72,039		$ 72,039		$ 73,744
Loss on embedded derivative	18,000	$ 21,600	1,700	$ 46,500
WML Convertible Bonds | Convertible Debt | WML
Derivative [Line Items]
WML Convertible Bond Conversion Option Derivative	$ 72,000		$ 72,000		$ 73,700

Stockholders' Deficit (Details)

Stockholders' Deficit (Details)			3 Months Ended			6 Months Ended
	Jun. 19, 2024 USD ($)	Jun. 19, 2024 $ / shares	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($)	Aug. 06, 2024 $ / shares shares	Dec. 31, 2023 shares	Mar. 02, 2023 shares	Apr. 30, 2016 USD ($)
Subsidiary, Sale of Stock [Line Items]
Shares repurchased by the Company and held as treasury shares			$ 69,423,000		$ 1,260,000	$ 82,269,000	$ 12,094,000
Cash dividend paid (usd per share) | $ / shares			$ 0.25	$ 0.25
Cash dividends declared			$ 42,390,000		28,481,000	$ 70,408,000	28,481,000
Common stock, authorized (in shares) | shares			400,000,000			400,000,000			400,000,000
Common stock, outstanding (in shares) | shares			111,375,062			111,375,062			111,737,245
Distribution to noncontrolling interest						$ 8,641,000	8,945,000
Decrease from distributions to noncontrolling interest			$ 2,645,000		4,443,000	$ 8,641,000	8,945,000
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) | shares			741,340			741,340
Treasury stock acquired (usd per share) | $ / shares			$ 91.72			$ 91.72
Shares repurchased by the Company and held as treasury shares			$ 68,000,000			$ 68,000,000
Remaining authorized repurchase amount			$ 365,400,000			$ 365,400,000
WML | Subsidiaries
Subsidiary, Sale of Stock [Line Items]
Cash dividend paid (usd per share) | $ / shares		$ 0.075
Cash dividends	$ 50,400,000
Goldman Sachs International | Securities Lending Agreement | WM Cayman I
Subsidiary, Sale of Stock [Line Items]
Common stock, authorized (in shares) | shares										459,774,985
WML
Subsidiary, Sale of Stock [Line Items]
Company's share of dividend	36,000,000
Decrease from distributions to noncontrolling interest	$ 14,400,000
Wynn Palace and Wynn Macau
Subsidiary, Sale of Stock [Line Items]
Percentage of ownership			72%			72%
Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Dividends payable (usd per share) | $ / shares								$ 0.25
Subsequent Event | Goldman Sachs International | Securities Lending Agreement | WM Cayman I
Subsidiary, Sale of Stock [Line Items]
Common stock, outstanding (in shares) | shares								179,774,985
Accumulated deficit
Subsidiary, Sale of Stock [Line Items]
Cash dividends declared			$ 28,014,000		$ 28,481,000	$ 56,032,000	$ 28,481,000
Dividend Paid | Accumulated deficit
Subsidiary, Sale of Stock [Line Items]
Cash dividends declared			$ 28,000,000	$ 28,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Cash equivalents	$ 1,241,966	$ 1,802,712
Fixed deposits	500,000	550,000
Liabilities:
WML Convertible Bond Conversion Option Derivative	72,039	73,744
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	1,241,966	1,802,712
Restricted cash	90,629	90,226
Fixed deposits	500,000	550,000
Interest rate collar	1,668	5,769
Liabilities:
WML Convertible Bond Conversion Option Derivative	72,039	73,744
Fair Value, Measurements, Recurring | Quoted Market Prices in Active Markets (Level 1)
Assets:
Cash equivalents	0	0
Restricted cash	2,204	2,170
Fixed deposits	0	0
Interest rate collar	0	0
Liabilities:
WML Convertible Bond Conversion Option Derivative	0	0
Fair Value, Measurements, Recurring | Other Observable Inputs (Level 2)
Assets:
Cash equivalents	1,241,966	1,802,712
Restricted cash	88,425	88,056
Fixed deposits	500,000	550,000
Interest rate collar	1,668	5,769
Liabilities:
WML Convertible Bond Conversion Option Derivative	0	0
Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Restricted cash	0	0
Fixed deposits	0	0
Interest rate collar	0	0
Liabilities:
WML Convertible Bond Conversion Option Derivative	$ 72,039	$ 73,744

Customer Contract Liabilities S

Customer Contract Liabilities Schedule of Customer Contract Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Revenue Recognition [Abstract]
Casino outstanding chips and front money deposits	$ 405,153	$ 398,100	$ 433,269	$ 390,531
Change in outstanding chips and front money deposits	(28,116)	7,569
Advanced room deposits and ticket sales	71,214	73,517	89,640	85,019
Change in advanced room deposits and ticket sales	(18,426)	(11,502)
Other gaming related liabilities	14,710	29,047	24,964	31,265
Change in other gaming related liabilities	(10,254)	(2,218)
Loyalty program liabilities	28,616	37,799	31,106	35,083
Change in loyalty program liabilities	(2,490)	2,716
Total customer contract liabilities	519,693	538,463	$ 578,979	$ 541,898
Change in total customer contract liabilities	$ (59,286)	$ (3,435)

Stock-Based Compensation - Shar

Stock-Based Compensation - Share Based Compensation Allocated Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 16,167	$ 18,285	$ 30,536	$ 32,995
Total stock-based compensation capitalized	1,319	1,368	2,621	2,134
Total stock-based compensation costs	17,486	19,653	33,157	35,129
Casino
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	791	512	1,466	989
Rooms
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	268	195	496	401
Food and beverage
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	577	393	989	802
Entertainment, retail and other
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	694	2,846	1,440	5,885
General and administrative
Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 13,837	$ 14,339	$ 26,145	$ 24,918

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 7,935	$ 4,305	$ 27,949	$ 5,323
Federal statutory rate			21%
Effective tax rate			8%
Complementary tax rate			12%

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Shares used in Calculation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net income attributable to Wynn Resorts, Limited - basic	$ 111,943	$ 105,184	$ 256,159	$ 117,516
Assumed conversion of WML Convertible Bonds	(10,586)	(10,629)	0	(22,600)
Net income attributable to Wynn Resorts, Limited - diluted	$ 101,357	$ 94,555	$ 256,159	$ 94,916
Denominator:
Weighted average common shares outstanding (shares)	110,937	112,889	110,980	112,821
Potential dilutive effect of stock options and restricted stock (shares)	238	309	242	322
Weighted average common and common equivalent shares outstanding (shares)	111,175	113,198	111,222	113,143
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic (in usd per share)	$ 1.01	$ 0.93	$ 2.31	$ 1.04
Net income attributable to Wynn Resorts, Ltd. per common share, diluted (in usd per share)	$ 0.91	$ 0.84	$ 2.30	$ 0.84
Antidilutive securities excluded from computation of earnings per share (shares)	339	321	325	344

Leases - Minimum and Contingent

Leases - Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Minimum rental income	$ 33,838	$ 31,811	$ 68,008	$ 65,649
Contingent rental income	16,233	25,206	36,872	53,970
Total rental income	$ 50,071	$ 57,017	$ 104,880	$ 119,619

Retail Joint Venture - Addition

Retail Joint Venture - Additional information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Variable Interest Entities [Line Items]
Assets	$ 13,289,798	$ 13,996,223
Liabilities	14,191,760	15,097,157
Long-term debt	11,030,712	11,738,337
Retail Joint Venture | Retail
Schedule of Variable Interest Entities [Line Items]
Assets	104,300	102,500
Liabilities	621,800	621,900
Long-term debt	$ 614,400	$ 614,100

Segment Information - Summary o

Segment Information - Summary of Results of Operations by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,732,932	$ 1,595,822	$ 3,595,841	$ 3,019,501
Adjusted Property EBITDA	571,655	524,458	1,218,190	954,204
Other operating expenses
Pre-opening	1,558	1,477	3,593	5,955
Depreciation and amortization	176,405	169,962	351,338	338,774
Property charges and other	38,815	16,019	55,763	18,477
Corporate expenses and other	33,710	32,748	73,615	67,238
Stock-based compensation	16,167	18,285	30,536	32,995
Triple-net operating lease rent expense	35,342	35,631	70,746	70,914
Total other operating expenses	301,997	274,122	585,591	534,353
Operating income	269,658	250,336	632,599	419,851
Other non-operating income and expenses
Interest income	34,884	44,127	75,056	84,320
Interest expense, net of amounts capitalized	(174,596)	(190,243)	(357,000)	(377,983)
Change in derivatives fair value	15,517	24,336	(2,397)	47,382
Loss on debt financing transactions	0	(3,375)	(1,561)	(15,611)
Other	8,745	6,959	4,023	(23,655)
Total other non-operating income and expenses	(115,450)	(118,196)	(281,879)	(285,547)
Income before income taxes	154,208	132,140	350,720	134,304
Provision for income taxes	(7,935)	(4,305)	(27,949)	(5,323)
Net income	146,273	127,835	322,771	128,981
Net income attributable to noncontrolling interests	(34,330)	(22,651)	(66,612)	(11,465)
Net income attributable to Wynn Resorts, Limited - basic	111,943	105,184	256,159	117,516
Gain on sale of certain assets	24,600
Construction in Progress
Other non-operating income and expenses
Expensed amount	61,500
Operating Segments | Total Macau Operations
Segment Reporting Information [Line Items]
Total operating revenues	885,318	769,943	1,883,963	1,370,032
Adjusted Property EBITDA	280,370	246,197	619,926	402,000
Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	548,049	468,350	1,134,950	837,713
Adjusted Property EBITDA	184,459	156,607	386,829	267,665
Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	337,269	301,593	749,013	532,319
Adjusted Property EBITDA	95,911	89,590	233,097	134,335
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	628,654	578,072	1,265,202	1,164,836
Adjusted Property EBITDA	230,333	224,121	476,595	455,718
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	212,608	221,932	430,392	438,238
Adjusted Property EBITDA	62,131	69,104	125,266	132,518
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	6,352	25,875	16,284	46,395
Adjusted Property EBITDA	(1,179)	(14,964)	(3,597)	(36,032)
Casino
Segment Reporting Information [Line Items]
Total operating revenues	1,008,946	912,999	2,130,412	1,679,991
Casino | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	444,964	365,277	918,745	635,964
Casino | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	280,717	242,950	627,070	419,333
Casino | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	129,674	137,946	264,837	292,476
Casino | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	153,591	166,826	319,760	332,218
Rooms
Segment Reporting Information [Line Items]
Total operating revenues	304,521	276,505	631,935	549,034
Rooms | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	50,206	50,092	104,142	97,002
Rooms | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	23,742	26,130	52,361	48,101
Rooms | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	205,872	177,765	429,948	362,874
Rooms | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	24,701	22,518	45,484	41,057
Food and beverage
Segment Reporting Information [Line Items]
Total operating revenues	281,404	257,036	548,342	489,647
Food and beverage | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	29,829	25,260	61,899	48,813
Food and beverage | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	20,003	14,666	41,022	28,968
Food and beverage | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	208,418	195,146	402,028	367,629
Food and beverage | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	23,154	21,964	43,393	44,237
Entertainment, retail and other
Segment Reporting Information [Line Items]
Total operating revenues	138,061	149,282	285,152	300,829
Entertainment, retail and other | Operating Segments | Total Macau Operations | Wynn Palace
Segment Reporting Information [Line Items]
Total operating revenues	23,050	27,721	50,164	55,934
Entertainment, retail and other | Operating Segments | Total Macau Operations | Wynn Macau
Segment Reporting Information [Line Items]
Total operating revenues	12,807	17,847	28,560	35,917
Entertainment, retail and other | Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Total operating revenues	84,690	67,215	168,389	141,857
Entertainment, retail and other | Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Total operating revenues	11,162	10,624	21,755	20,726
Entertainment, retail and other | Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total operating revenues	$ 6,352	$ 25,875	$ 16,284	$ 46,395

Segment Information - Summary_2

Segment Information - Summary of Assets by Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Assets	$ 13,289,798	$ 13,996,223
Corporate and other
Segment Reporting Information [Line Items]
Assets	2,799,811	3,129,761
Operating Segments | Total Macau Operations
Segment Reporting Information [Line Items]
Assets	5,459,136	5,686,650
Operating Segments | Las Vegas Operations
Segment Reporting Information [Line Items]
Assets	3,073,105	3,173,247
Operating Segments | Encore Boston Harbor
Segment Reporting Information [Line Items]
Assets	1,957,746	2,006,565
Operating Segments | Macau | Wynn Palace
Segment Reporting Information [Line Items]
Assets	2,849,362	2,936,264
Operating Segments | Macau | Wynn Macau
Segment Reporting Information [Line Items]
Assets	1,848,162	1,864,211
Operating Segments | Macau | Other Macau
Segment Reporting Information [Line Items]
Assets	$ 761,612	$ 886,175