WYNN Las Vegas Inactive 10-Q12 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	1 Months Ended	9 Months Ended
Document and Entity Information	Nov. 12, 2013	Sep. 30, 2013
Document Information [Line Items]	'	'
Document Type	'	'10-Q
Amendment Flag	'	'false
Document Period End Date	'	30-Sep-13
Document Fiscal Year Focus	'	'2013
Document Fiscal Period Focus	'	'Q3
Entity Registrant Name	'	'WYNN LAS VEGAS LLC
Entity Central Index Key	'	'0001180638
Current Fiscal Year End Date	'	'--12-31
Entity Filer Category	'	'Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0	'
Membership Interests Description	'Wynn Resorts Holdings, LLC owns all of the membership interests of the registrant.	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current assets:	'	'
Cash and cash equivalents	$214,474	$148,415
Restricted cash	243,038	'
Receivables, net	152,860	162,395
Inventories	45,524	42,229
Prepaid expenses and other	29,474	26,697
Total current assets	685,370	379,736
Property and equipment, net	3,071,347	3,215,605
Intangible assets, net	1,399	2,262
Deferred financing costs, net	36,434	40,871
Deposits and other assets	26,175	27,489
Investment in unconsolidated affiliates	3,792	3,918
Total assets	3,824,517	3,669,881
Current liabilities:	'	'
Current portion of long-term debt	223,452	1,050
Accounts payable	37,694	39,431
Accrued interest	42,345	64,048
Accrued compensation and benefits	58,889	45,580
Gaming taxes payable	15,667	14,023
Other accrued liabilities	21,715	21,813
Customer deposits	87,674	106,243
Due to affiliates, net	42,419	37,755
Total current liabilities	529,855	329,943
Long-term debt	3,131,920	3,125,424
Due to affiliates, net	164,065	146,345
Other	2,041	1,084
Total liabilities	3,827,881	3,602,796
Commitments and contingencies (Note 9)	'	'
Member's equity:	'	'
Contributed capital	1,198,764	1,192,135
Accumulated deficit	-1,202,128	-1,125,050
Total member's (deficit) equity	-3,364	67,085
Total liabilities and member's equity	$3,824,517	$3,669,881

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating revenues:	'	'	'	'
Casino	$161,580	$155,555	$480,465	$411,820
Rooms	95,662	90,980	287,789	274,523
Food and beverage	128,995	132,593	390,965	379,912
Entertainment, retail and other	58,252	56,567	163,077	169,217
Gross revenues	444,489	435,695	1,322,296	1,235,472
Less: promotional allowances	-51,760	-47,599	-141,187	-138,512
Net revenues	392,729	388,096	1,181,109	1,096,960
Operating costs and expenses:	'	'	'	'
Casino	78,083	77,047	229,752	223,303
Rooms	32,824	31,509	98,025	93,349
Food and beverage	80,812	75,956	241,792	220,980
Entertainment, retail and other	34,158	35,517	93,802	107,047
General and administrative	60,985	59,685	182,329	173,191
Provision for doubtful accounts	8,880	6,129	3,100	10,147
Management fees	5,892	5,822	17,720	16,462
Depreciation and amortization	61,720	62,419	185,425	188,613
Property charges and other	276	21,698	10,095	27,590
Total operating costs and expenses	363,630	375,782	1,062,040	1,060,682
Operating income	29,099	12,314	119,069	36,278
Other income (expense):	'	'	'	'
Interest income and other	15	219	69	615
Interest expense	-56,459	-56,851	-169,856	-167,491
Increase in swap fair value	'	'	'	2,260
Loss on extinguishment of debt	'	-1,962	-26,578	-6,790
Equity in income from unconsolidated affiliates	36	138	218	356
Other income (expense), net	-56,408	-58,456	-196,147	-171,050
Net loss	-27,309	-46,142	-77,078	-134,772
Other comprehensive income	'	'	'	'
Total comprehensive loss	($27,309)	($46,142)	($77,078)	($134,772)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($77,078)	($134,772)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation and amortization	185,425	188,613
Stock-based compensation	6,629	4,247
Amortization and write-off of deferred financing costs, and other	6,459	9,646
Equity in income of unconsolidated affiliates, net of distributions	126	13
Loss on extinguishment of debt	26,578	6,580
Provision for doubtful accounts	3,100	10,147
Property charges and other	621	26,125
Increase in swap fair value	'	-2,260
Increase (decrease) in cash from changes in:	'	'
Receivables	6,815	-13,639
Inventories and prepaid expenses and other	-3,886	7,662
Accounts payable and accrued expenses	-25,792	-3,251
Due to affiliates, net	11,001	4,810
Net cash provided by operating activities	139,998	103,921
Cash flows from investing activities:	'	'
Capital expenditures, net of construction payables and retention	-41,996	-32,134
Deposits and purchase of other assets	-2,562	-2,303
Due to affiliates, net	13,181	4,550
Proceeds from sale of assets	187	339
Net cash used in investing activities	-31,190	-29,548
Cash flows from financing activities:	'	'
Proceeds from issuance of long-term debt	500,000	900,000
Principal payments on long-term debt	-275,755	-371,567
Restricted cash for redemption of notes payable	-243,038	'
Distribution to parent	'	-700,025
Interest rate swap transactions	'	-2,368
Payments of financing costs	-23,956	-11,290
Net cash used in financing activities	-42,749	-185,250
Cash and cash equivalents:	'	'
Increase (decrease) in cash and cash equivalents	66,059	-110,877
Balance, beginning of period	148,415	201,399
Balance, end of period	$214,474	$90,522

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Organization and Basis of Presentation	'
	1	Organization and Basis of Presentation
	Organization
	Wynn Las Vegas, LLC was formed on April 17, 2001 as a Nevada limited liability company. Unless the context otherwise requires, all references herein to the “Company” refer to Wynn Las Vegas, LLC, a Nevada limited liability company and its consolidated subsidiaries. The sole member of the Company is Wynn Resorts Holdings, LLC (“Holdings”). The sole member of Holdings is Wynn Resorts, Limited (“Wynn Resorts”). The Company was organized primarily to construct and operate Wynn Las Vegas \| Encore (“Wynn Las Vegas”), a fully integrated destination resort and casino on the “Strip” in Las Vegas, Nevada.
	Wynn Las Vegas Capital Corp. (“Wynn Capital”) is a wholly owned subsidiary of the Company incorporated on June 3, 2002, solely for the purpose of obtaining financing for Wynn Las Vegas. Wynn Capital is authorized to issue 2,000 shares of common stock, par value $0.01. At September 30, 2013, the Company owned the one share that was issued and outstanding. Wynn Capital has neither any significant net assets nor has had any operating activity. Its sole function is to serve as the co-issuer of the mortgage notes described below. Wynn Las Vegas, LLC and Wynn Capital together are hereinafter referred to as the “Issuers”.
	Basis of Presentation
	The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company’s investment in the 50%-owned joint venture operating the Ferrari and Maserati automobile dealership inside Wynn Las Vegas is accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated.
	The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America 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, all adjustments (which include only normal recurring adjustments) necessary for a fair presentation of the results for the interim periods have been made. The results for the three and nine months ended September 30, 2013 are not necessarily indicative of results to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2013
Summary of Significant Accounting Policies	'
	2	Summary of Significant Accounting Policies
	Cash and Cash Equivalents
	Cash and cash equivalents are comprised of highly liquid investments with purchase maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value.
	Restricted Cash
	As of September 30, 2013, restricted cash balances totaled approximately $243 million, which consists of funds held for the purpose of redeeming, in November 2013, the portion of the 7⁷/₈% First Mortgage Notes due 2017 that were not tendered in May 2013. For more information on the Wynn Las Vegas tender offer, see Note 6 – “Long-Term Debt.” There were no restricted cash balances as of December 31, 2012.
	Accounts Receivable and Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues credit in the form of “markers” to approved casino customers following investigations of creditworthiness. As of September 30, 2013 and December 31, 2012, approximately 78% of the Company’s markers were due from customers residing in foreign countries, primarily in Asia. Business or economic conditions or other significant events in these countries could affect the collectibility of such receivables.
	Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are initially recorded at cost. Accounts are written off when management deems them to be uncollectible or after two years, whichever period is shorter. Recoveries of accounts previously written off are recorded when received. An allowance for doubtful accounts is maintained to reduce the Company’s receivables to their estimated carrying amount, which approximates fair value. The allowance is estimated based on specific review of customer accounts as well as management’s experience with collection trends in the casino industry and current economic and business conditions. During the quarter ended June 30, 2013, the Company recorded an adjustment to its reserve estimates for casino accounts receivable based on the results of historical collection patterns and current collection trends. This adjustment benefitted operating income and net loss by $12.2 million for the nine months ended September 30, 2013.
	During the quarter ended June 30, 2012, the Company recorded a similar adjustment which benefitted operating income and net loss by $9.6 million for the nine months ended September 30, 2012.
	Inventories
	Inventories consist of retail, food and beverage items, which are stated at the lower of cost or market value, and certain operating supplies. Cost is determined by the first-in, first-out, average and specific identification methods.
	Revenue Recognition and Promotional Allowances
	The Company recognizes revenues at the time persuasive evidence of an arrangement exists, the service is provided or the retail goods are sold, prices are fixed or determinable and collection is reasonably assured.
	Casino revenues are measured by the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs and for chips in the customers’ possession. Hotel, food and beverage, entertainment and other operating revenues are recognized when services are performed. Entertainment, retail and other revenue includes rental income which is recognized on a time proportion basis over the lease term. Contingent rental income is recognized when the right to receive such rental income is established according to the lease agreements. Advance deposits on rooms and advance ticket sales are recorded as deferred revenues until services are provided to the customer.
	Revenues are recognized net of certain sales incentives which are recorded as a reduction of revenue. Consequently, the Company’s casino revenues are reduced by discounts and points earned in the player’s club loyalty program.

	The retail value of accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (amounts in thousands):


			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Rooms		$	10,214	$	9,690	$	28,225	$	27,278
	Food and beverage			17,138		14,370		46,804		43,559
	Entertainment, retail and other			3,603		3,588		9,162		10,184

			$	30,955	$	27,648	$	84,191	$	81,021

	Gaming Taxes
	The Company is subject to taxes based on gross gaming revenues, subject to applicable adjustments. These gaming taxes are an assessment on the Company’s gaming revenues and are recorded as an expense within the “Casino” line item in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss. These taxes totaled $11.2 million and $10.9 million for the three months ended September 30, 2013 and 2012, respectively. For the nine months ended September 30, 2013 and 2012, these taxes totaled $34.6 million and $29.3 million, respectively.
	Advertising Costs
	The Company expenses advertising costs the first time the advertising takes place and such costs are primarily included in general and administrative expenses. Advertising costs totaled $2.9 million and $4.6 million for the three months ended September 30, 2013 and 2012, respectively. Advertising costs totaled $13.3 million and $14.3 million for the nine months ended September 30, 2013 and 2012, respectively.
	Stock-Based Compensation
	The Company accounts for stock-based compensation related to equity shares of Wynn Resorts granted to its employees by recognizing the costs of the employee services received in exchange for the equity award instrument based on the grant date fair value of the awards over the service period. For the nine months ended September 30, 2013 and 2012, the Company recorded $6.6 million and $4.2 million, respectively, in share-based compensation with a corresponding credit to contributed capital.
	Recently Issued Accounting Standards
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update that amends the presentation requirements for reclassifications out of accumulated other comprehensive income. The amendment would require an entity to present amounts reclassified out of accumulated other comprehensive income by component either on the face of the statement where net income is presented or in the notes. This update is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this update did not have a material impact on the Company’s financial statements.
	In July 2012, the FASB issued an accounting standards update that is intended to simplify the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. The update allows for the consideration of qualitative factors in determining whether it is necessary to perform quantitative impairment tests. The effective date for this update is for the annual, and interim impairment tests performed for years beginning after September 15, 2012. The adoption did not have a material impact on the Company’s financial statements.

Supplemental_Disclosure_of_Cas

Supplemental Disclosure of Cash Flow Information	9 Months Ended
	Sep. 30, 2013
Supplemental Disclosure of Cash Flow Information	'
	3	Supplemental Disclosure of Cash Flow Information
	Interest paid for the nine months ended September 30, 2013 and 2012 totaled $187.1 million and $168.6 million, respectively. Interest paid increased during the nine months ended September 30, 2013 due to the issuance of the $900 million 5³/₈% First Mortgage Notes in March 2012. There was no interest capitalized during the nine months ended September 30, 2013 or 2012.
	During the nine months ended September 30, 2013 capital expenditures include a decrease of $1.7 million in construction payables and retention recorded through amounts due to affiliates compared with a decrease of $5.5 million during the nine months ended September 30, 2012.
	On September 18, 2012, Wynn Las Vegas distributed to Wynn Resorts, Limited, the Wynn Las Vegas golf course and the related water rights valued at $94 million.

Receivables_net

Receivables, net	9 Months Ended
Receivables, net	Sep. 30, 2013
Receivables, net	'
	4	Receivables, net
	Receivables, net consisted of the following (amounts in thousands):


			September 30,			December 31,
			2013			2012
	Casino		$	173,391		$	190,528
	Hotel			11,980			16,914
	Retail leases and other			22,308			19,234

				207,679			226,676
	Less: allowance for doubtful accounts			(54,819	)		(64,281	)

			$	152,860		$	162,395

Property_and_Equipment_net

Property and Equipment, net	9 Months Ended
Property and Equipment, net	Sep. 30, 2013
Property and Equipment, net	'
	5	Property and Equipment, net
	Property and equipment, net consisted of the following (amounts in thousands):


			September 30,			December 31,
			2013			2012
	Land and improvements		$	622,942		$	622,942
	Buildings and improvements			2,627,920			2,626,384
	Airplane			44,364			44,364
	Furniture, fixtures and equipment			1,358,123			1,336,661
	Construction in progress			4,778			2,518

				4,658,127			4,632,869
	Less: accumulated depreciation			(1,586,780	)		(1,417,264	)

			$	3,071,347		$	3,215,605

LongTerm_Debt

Long-Term Debt	9 Months Ended
Long-Term Debt	Sep. 30, 2013
Long-Term Debt	'
	6	Long-Term Debt
	Long-term debt consisted of the following (amounts in thousands):


			September 30,			December 31,
			2013			2012
	7⁷/₈% First Mortgage Notes, due November 1, 2017, net of original issue discount of $2,893 at September 30, 2013 and $7,384 at December 31, 2012		$	222,402		$	492,616
	7⁷/₈% First Mortgage Notes, due May 1, 2020, net of payable to affiliate and original issue discount of $1,940 at September 30, 2013 and $2,102 at December 31, 2012			350,070			349,908
	7³/₄% First Mortgage Notes, due August 15, 2020			1,320,000			1,320,000
	5³/₈% First Mortgage Notes, due March 15, 2022			900,000			900,000
	4¹/₄% Senior Notes, due May 30, 2023			500,000			—
	$42 million Note Payable due April 1, 2017; interest at LIBOR plus 1.25%			32,900			33,950
	Payable to Affiliate			30,000			30,000

				3,355,372			3,126,474
	Current portion of long-term debt			(223,452	)		(1,050	)

			$	3,131,920		$	3,125,424

	Wynn Las Vegas First Mortgage Notes
	On May 15, 2013, the Company, an indirect wholly owned subsidiary of Wynn Resorts, Limited, commenced a cash tender offer (the “tender offer”) for any and all of the outstanding $500 million aggregate principal amount of the 7⁷/₈% First Mortgage Notes due 2017 (the “2017 Notes”) of Wynn Las Vegas, LLC (“Wynn Las Vegas”) and Wynn Las Vegas Capital Corp., an indirect wholly owned subsidiary of Wynn Resorts, Limited (together with Wynn Las Vegas, the “Issuers”), and a solicitation of consents to certain proposed amendments to the indenture (the “2017 Indenture”) governing the 2017 Notes.
	The tender offer expired on May 21, 2013 and at the time of expiration, Wynn Las Vegas had received valid tenders with respect to approximately $274.7 million of the $500 million aggregate principal amount of the 2017 Notes outstanding. On May 22, 2013, note holders who validly tendered their 2017 Notes received the total consideration of $1,071.45 for each $1,000 principal amount of 2017 Notes, the premium portion of which totaled approximately $19.6 million. In accordance with accounting standards, the tender offer premium was expensed and is included in loss on extinguishment of debt in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss. In addition, upon the tender offer completion, the Issuers entered into a supplemental indenture, which eliminated substantially all of the restrictive covenants and certain events of default from the 2017 Indenture.
	Also in connection with this transaction, the Company expensed $6.7 million of unamortized debt issue costs and original issue discount related to the 2017 Notes and incurred other fees of approximately $0.3 million that are included in loss on extinguishment of debt in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss.
	On November 1, 2013, the Company redeemed the untendered 2017 Notes principal amount of $225.3 million. The redemption price was equal to 103.938% of the aggregate principal amount of the 2017 Notes plus accrued and unpaid interest on November 1, 2013. The total redemption fees paid were $8.9 million.
	Wynn Las Vegas 2023 Notes
	On May 22, 2013, the Issuers completed the issuance of $500 million aggregate principal amount of 4¹/₄% Senior Notes due 2023 (the “2023 Notes”) pursuant to an indenture, dated as of May 22, 2013 (the “2023 Indenture”), among the Issuers, the Guarantors (as defined below) and U.S. Bank National Association, as trustee. The 2023 Notes were issued at par. The Issuers used the net proceeds from the 2023 Notes to cover the cost of purchasing the 2017 Notes tendered in the tender offer. In addition, the Issuers satisfied and discharged the 2017 Indenture and, in November 2013, used the remaining net proceeds to redeem any and all of the 2017 Notes not previously tendered. In connection with the issuance of the 2023 Notes, the Company capitalized approximately $4.1 million of financing costs.
	The 2023 Notes will mature on May 30, 2023 and bear interest at the rate of 4¹/₄% per annum. The Issuers may, at their option, redeem the 2023 Notes, in whole or in part, at any time or from time to time prior to their stated maturity. The redemption price for 2023 Notes that are redeemed before February 28, 2023 will be equal to the greater of (a) 100% of the principal amount of the 2023 Notes to be redeemed or (b) a “make-whole” amount described in the 2023 Indenture, plus in either case accrued and unpaid interest to, but not including, the redemption date. The redemption price for the 2023 Notes that are redeemed on or after February 28, 2023 will be equal to 100% of the principal amount of the 2023 Notes to be redeemed, plus accrued and unpaid interest to, but not including, the redemption date. In the event of a change of control triggering event, the Issuers will be required to offer to repurchase the 2023 Notes at 101% of the principal amount, plus accrued and unpaid interest to but not including the repurchase date. The 2023 Notes are also subject to mandatory redemption requirements imposed by gaming laws and regulations of gaming authorities in Nevada.
	The 2023 Notes are the Issuers’ senior unsecured obligations and rank pari passu in right of payment with the Issuers’ outstanding 7⁷/₈ % First Mortgage Notes due 2020 (“7⁷/₈% 2020 Notes”), 7³/₄% First Mortgage Notes due 2020 (the “7³/₄% 2020 Notes”) and 5³/₈% First Mortgage Notes due 2022 (the “2022 Notes” and, together with the 7⁷/₈% 2020 Notes and 7³/₄% 2020 Notes, the “Existing Notes”). The 2023 Notes are secured by a first priority pledge of the Company’s equity interests, the effectiveness of which is subject to the prior approval of the Nevada gaming authorities. The equity interests of the Company also secure the Existing Notes. If Wynn Resorts, Limited receives an investment grade rating from one or more ratings agencies, the first priority pledge securing the 2023 Notes will be released.
	The 2023 Notes are jointly and severally guaranteed by all of the Issuers’ subsidiaries, other than Wynn Las Vegas Capital Corp. which was a co-issuer (the “Guarantors”). The guarantees are senior unsecured obligations of the Guarantors and rank senior in right of payment to all of their existing and future subordinated debt. The guarantees rank equally in right of payment with all existing and future liabilities of the Guarantors that are not so subordinated and will be effectively subordinated in right of payment to all of such Guarantors’ existing and future secured debt (to the extent of the collateral securing such debt).
	The 2023 Indenture contains covenants limiting the Issuers’ and the Guarantor’s ability to create liens on assets to secure debt; enter into sale-leaseback transactions; and merge or consolidate with another company. These covenants are subject to a number of important and significant limitations, qualifications and exceptions.
	Events of default under the 2023 Indenture include, among others, the following: default for 30 days in the payment when due of interest on the 2023 Notes; default in payment when due of the principal of, or premium, if any, on the 2023 Notes; failure to comply with certain covenants in the 2023 Indenture; and certain events of bankruptcy or insolvency. In the case of an event of default arising from certain events of bankruptcy or insolvency with respect to the Issuers or any Guarantor, all 2023 Notes then outstanding will become due and payable immediately without further action or notice.
	The 2023 Notes were offered pursuant to an exemption under the Securities Act of 1933, as amended (the “Securities Act”). The 2023 Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The 2023 Notes have not been and will not be registered under the Securities Act of 1933 or under any state securities laws. Therefore, the 2023 Notes may not be offered or sold within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.

	As described in Note 9 – “Commitments and Contingencies”, Elaine Wynn has submitted a cross claim against Steve Wynn and Kazuo Okada in relation to the ongoing litigation. The indentures governing the Existing Notes (other than the 5³/₈ % First Mortgage Notes due 2022) and the 2023 Notes provide that if Steve Wynn, together with certain related parties, in the aggregate beneficially owns a lesser percentage of the outstanding common stock of Wynn Resorts than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Steve Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Company’s debt documents.
	Debt Covenant Compliance
	As of September 30, 2013, management believes the Company was in compliance with all debt covenants.
	Fair Value of Long Term Debt
	The net book value of the Company’s outstanding first mortgage notes and senior notes was approximately $3.3 billion and $3.1 billion at September 30, 2013 and December 31, 2012, respectively. The estimated fair value of the Company’s outstanding first mortgage notes and senior notes, based on recent trades (using Level 2 inputs), was approximately $3.5 billion and $3.4 billion at September 30, 2013 and December 31, 2012, respectively. The net book value and estimated fair value of the Company’s other debt instruments was approximately $33 million and $34 million at September 30, 2013 and December 31, 2012, respectively.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions	'
	7	Related Party Transactions
	Amounts Due to Affiliates, net
	As of September 30, 2013, the Company’s current due to affiliates, net was comprised of $40 million including corporate allocations discussed below and $2.4 million of construction related payables. The long-term due to affiliates is management fees of $164.1 million (equal to 1.5% of net revenues and payable upon meeting certain leverage ratios as specified in the documents governing the Company’s first mortgage notes indentures).
	As of December 31, 2012, the Company’s current due to affiliates, net was comprised of $33.7 million including corporate allocations discussed below and $4.1 million of construction related payables. The long-term due to affiliates was management fees of $146.3 million.
	The Company periodically settles amounts due to affiliates with cash receipts and payments, except for the management fee, which is payable upon meeting certain leverage ratios specified in the documents governing the first mortgage notes and senior notes.
	Corporate Allocations
	The accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss include allocations from Wynn Resorts for legal, accounting, human resources, information services, real estate, and other corporate support services. The corporate support service allocations have been determined on a basis that Wynn Resorts and the Company consider to be reasonable estimates of the utilization of service provided or the benefit received by the Company. Wynn Resorts maintains corporate offices at Wynn Las Vegas without charge from the Company. The Company settles these corporate allocation charges with Wynn Resorts on a periodic basis as discussed in “Amounts Due to Affiliates, net” above. For the three months ended September 30, 2013 and 2012, $5.9 million and $6.6 million, respectively, were charged to the Company for such corporate allocations. For the nine months ended September 30, 2013 and 2012, $19.2 million and $20.4 million, respectively, were charged to the Company for such corporate allocations.

	Amounts Due to Officers
	The Company periodically provides services to Stephen A. Wynn, Chairman of the Board, Chief Executive Officer and one of the principal stockholders of Wynn Resorts (“Mr. Wynn”), and certain other executive officers and directors of Wynn Resorts. These services include household services, construction work and other personal services. The cost of these services is transferred to Wynn Resorts, Limited on a periodic basis. Mr. Wynn and these other officers and directors have amounts on deposit with Wynn Resorts to prepay any such items, which are replenished on an ongoing basis as needed.
	Villa Suite Lease
	On March 18, 2010, Mr. Wynn and the Company entered into an Amended and Restated Agreement of Lease (the “Prior SW Lease”) for a villa suite to serve as Mr. Wynn’s personal residence. The Prior SW Lease amended and restated a previous lease. The Prior SW Lease was approved by the Audit Committee of the Board of Directors of Wynn Resorts. The term of the Prior SW Lease commenced as of March 1, 2010 and ran concurrent with Mr. Wynn’s employment agreement with Wynn Resorts; provided that either party could terminate on 90 days notice. Pursuant to the Prior SW Lease, the rental value of the villa suite is treated as imputed income to Mr. Wynn, and was equal to the fair market value of the accommodations provided. Effective March 1, 2010, and for the first two years of the term of the Prior SW Lease, the rental value was $503,831 per year. Effective March 1, 2012, the rental value was $440,000 per year. On May 7, 2013, Wynn Las Vegas entered into a 2013 Amended and Restated Agreement of Lease (the “Existing SW Lease”), effective December 29, 2012, to include an expansion of the villa and to adjust the rental value accordingly to $525,000 per year based on the current fair market value as established by the Audit Committee of Wynn Resorts with the assistance of an independent third-party appraisal. The rental value for the villa suite will be re-determined every two years during the term of the Existing SW Lease by the Audit Committee. Certain services for, and maintenance of, the villa suite are included in the rental.
	Aircraft Purchase Option Agreement
	On January 3, 2013, Wynn Resorts and Mr. Wynn entered into an agreement pursuant to which Mr. Wynn agreed to terminate a previously granted option to purchase an approximately two acre tract of land located on the Wynn Las Vegas golf course and, in return, Wynn Resorts granted Mr. Wynn the right to purchase any or all of the aircraft owned by the Company. The aircraft purchase option is exercisable upon 30 days written notice and at a price equal to the book value of such aircraft, and will terminate on the date of termination of the employment agreement between Wynn Resorts and Mr. Wynn, which expires in October 2020.
	The “Wynn” Surname Rights Agreement
	On August 6, 2004, Holdings entered into agreements with Mr. Wynn that confirm and clarify Holding’s rights to use the “Wynn” name and Mr. Wynn’s persona in connection with its casino resorts. Under the parties’ Surname Rights Agreement, Mr. Wynn granted Holdings an exclusive, fully paid-up, perpetual, worldwide license to use, and to own and register trademarks and service marks incorporating the “Wynn” name for casino resorts and related businesses, together with the right to sublicense the name and marks to its affiliates. Under the parties’ Rights of Publicity License, Mr. Wynn granted Holdings the exclusive, royalty-free, worldwide right to use his full name, persona and related rights of publicity for casino resorts and related businesses, together with the ability to sublicense the persona and publicity rights to its affiliates, until October 24, 2017. Holdings has sub-licensed rights to the “Wynn” name, persona and marks to the Company.
	Golf Course Lease
	On September 18, 2012, the Company distributed to Wynn Resorts, Limited, the Wynn Las Vegas golf course land and the related water rights. Commencing September 18, 2012, the Company leases approximately 140 acres (upon which the golf course is located) and water rights from Wynn Resorts. The term of this lease is on a month-to-month basis provided, however, that either party may terminate this lease by providing written notice of such termination to the other party no later than thirty (30) days prior to the expiration of any monthly period. The combined rental value for both the golf course land and the water rights is $598,000 per month.

Property_Charges_and_Other

Property Charges and Other	9 Months Ended
	Sep. 30, 2013
Property Charges and Other	'
	8	Property Charges and Other
	Property charges and other for the three months ended September 30, 2013 and 2012 were $0.3 million and $21.7 million, respectively. Property charges and other for the nine months ended September 30, 2013 and 2012 were $10.1 million and $27.6 million, respectively.
	Property charges generally include costs related to the retirement of assets for remodels and asset abandonments. Property charges and other for the three and nine months ended September 30, 2013 included miscellaneous renovations and abandonments at our resort, entertainment development costs and fees associated with the termination of a contract. Property charges for the three and nine months ended September 30, 2012 included costs associated with a remodel of a restaurant, termination costs associated with a show which ended its run in November 2012, and miscellaneous renovations and abandonments at our resort complex.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies	'
	9	Commitments and Contingencies
	Sales and Use Tax on Complimentary Meals
	In March 2008, the Nevada Supreme Court ruled, in the matter captioned Sparks Nugget, Inc. vs. The State of Nevada Ex Rel. Department of Taxation, that food and non-alcoholic beverages purchased for use in providing complimentary meals to customers and to employees were exempt from use tax. Through April 2008, Wynn Las Vegas paid use tax on these items and filed for refunds for the periods from April 2005 to April 2008. The amount subject to these refunds was $5.4 million. The Company had not recorded a receivable associated with its $5.4 million refund claim.
	In February of 2012, the Nevada Department of Taxation announced that while the food and nonalcoholic beverages purchased for use in complimentary meals are not subject to use tax, the complimentary meal itself is subject to sales tax. At that time, the Company began to accrue sales tax on certain complimentary meals.
	In June 2013, the Governor of the State of Nevada signed into law a bill that provides food, meals, and non-alcoholic drinks provided to employees, patrons and guests are not subject to Nevada sales tax. This legislation codified an agreement reached between the Nevada Tax Commission and several large casino taxpayers pursuant to which the taxpayers agreed to forego and cause to dismiss their pending refund claims and the Nevada Tax Commission agreed not to assess Nevada sales or use tax on complimentary food, meals, and non-alcoholic drinks through 2019. As a result of this legislation, the Company reversed its accrual for sales tax on complimentary meals of $2.9 million during the nine months ended September 30, 2013.
	Litigation
	The Company and its affiliates are occasionally party to lawsuits. As with all litigation, no assurance can be provided as to the outcome of such matters and we note that litigation inherently involves significant costs.
	Determination of Unsuitability and Redemption of Aruze USA, Inc. and Affiliates
	On February 18, 2012, the Gaming Compliance Committee of Wynn Resorts, Limited concluded an investigation after receiving an independent report by Freeh, Sporkin & Sullivan, LLP (the “Freeh Report”) detailing a pattern of misconduct by Aruze USA, Inc., at the time a stockholder of Wynn Resorts, Universal Entertainment Corporation, Aruze USA, Inc.’s parent company, and Kazuo Okada, the majority shareholder of Universal Entertainment Corporation, who at the time was a director of Wynn Resorts and two of its subsidiaries (collectively, the “Okada Parties”). The factual record presented in the Freeh Report included evidence that the Okada Parties had provided valuable items to certain foreign gaming officials who were responsible for regulating gaming in a jurisdiction in which entities controlled by Mr. Okada were developing a gaming resort. Mr. Okada denied the impropriety of such conduct to members of the Board of Directors of Wynn Resorts, refused to acknowledge or abide by Wynn Resorts’ anti-bribery policies and refused to participate in the training all other directors received concerning these policies.
	Based on the Freeh Report, the Board of Directors of Wynn Resorts determined that each of the Okada Parties is an “unsuitable person” under Article VII of Wynn Resorts’ articles of incorporation. The Board of Directors was unanimous (other than Mr. Okada) in its determination. The Board of Directors also requested that Mr. Okada resign as a director of Wynn Resorts (under Nevada corporation law, a board of directors does not have the power to remove a director) and recommended that Mr. Okada be removed as a member of the Board of Directors of Wynn Macau, Limited. On February 18, 2012, Mr. Okada was removed from the Board of Directors of Wynn Las Vegas Capital Corp., an indirect wholly owned subsidiary of Wynn Resorts, and on February 24, 2012, he was removed from the Board of Directors of Wynn Macau, Limited. On February 22, 2013, Mr. Okada was removed from the Board of Directors of Wynn Resorts by a stockholder vote in which 99.6% of the over 86 million shares voted were cast in favor of removal. Additionally, Mr. Okada resigned from the Board of Directors of Wynn Resorts on February 21, 2013.
	Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, Wynn Resorts redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. Following a finding of “unsuitability,” Article VII of Wynn Resorts’ articles of incorporation authorizes redemption at “fair value” of the shares held by unsuitable persons. Pursuant to the articles of incorporation, Wynn Resorts issued the Redemption Price Promissory Note (“Redemption Note”) to Aruze USA, Inc. in redemption of the shares. The Redemption Note has a principal amount of $1.94 billion, matures on February 18, 2022 and bears interest at the rate of 2% per annum, payable annually in arrears on each anniversary of the date of the Redemption Note. The indebtedness evidenced by the Redemption Note is and shall be subordinated in right of payment, to the extent and in the manner provided in the Redemption Note, to the prior payment in full of all existing and future obligations of Wynn Resorts or any of its affiliates in respect of indebtedness for borrowed money of any kind or nature.
	Wynn Resorts provided the Freeh Report to appropriate regulators and law enforcement agencies and is cooperating with related investigations that such regulators and agencies have undertaken. The conduct of the Okada Parties and any resulting regulatory investigations could have adverse consequences to Wynn Resorts and its subsidiaries. A finding by regulatory authorities that Mr. Okada violated anti-corruption statutes and/or other laws or regulations applicable to persons affiliated with a gaming licensee on Wynn Resorts’ property and/or otherwise involved Wynn Resorts in criminal or civil violations could result in actions by regulatory authorities against Wynn Resorts and its subsidiaries.
	Claims and Investigations Related to Mr. Okada and Wynn Macau
	On February 19, 2012, Wynn Resorts filed a complaint in the Eighth Judicial District Court, Clark County, Nevada against the Okada Parties, alleging breaches of fiduciary duty and related claims (the “Redemption Action”) arising from the activities addressed in the Freeh Report. Wynn Resorts is seeking compensatory and special damages as well as a declaration that it acted lawfully and in full compliance with its articles of incorporation, bylaws and other governing documents in redeeming and cancelling the shares of Aruze, USA, Inc.
	On March 12, 2012, the Okada Parties removed the action to the United States District Court for the District of Nevada (the action was subsequently remanded to Nevada state court). On that same date, the Okada Parties filed an answer denying the claims and a counterclaim (as amended, the “Counterclaim”) that purports to assert claims against Wynn Resorts, each of the members of Wynn Resorts’ Board of Directors (other than Mr. Okada) and Wynn Resorts’ General Counsel (the “Wynn Parties”). The Counterclaim alleges, among other things: (1) that the shares of Wynn Resorts common stock owned by Aruze USA, Inc. were exempt from the redemption-for-unsuitability provisions in the Wynn Resorts articles of incorporation (the “Articles”) pursuant to certain agreements executed in 2002; (2) that the Wynn Resorts directors who authorized the redemption of Aruze USA, Inc.’s shares acted at the direction of Stephen A. Wynn and did not independently and objectively evaluate the Okada Parties’ suitability, and by so doing, breached their fiduciary duties; (3) that the Wynn Resorts directors violated the terms of the Wynn Resorts Articles by failing to pay Aruze USA, Inc. fair value for the redeemed shares; and (4) that the terms of the Redemption Note that Aruze USA, Inc. received in exchange for the redeemed shares, including the Redemption Note’s principal amount, duration, interest rate, and subordinated status, were unconscionable; and (5) that the actions taken by the Wynn Resorts CEO and General Counsel violated the Nevada Racketeer Influenced and Corrupt Organizations Act. Among other relief, the Counterclaim seeks a declaration that the redemption of Aruze USA, Inc.’s shares was void, an injunction restoring Aruze USA, Inc.’s share ownership, damages in an unspecified amount and rescission of the Amended and Restated Stockholders Agreement, dated as of January 6, 2010, by and among Aruze USA, Inc., Stephen A. Wynn, and Elaine Wynn (the “Stockholders Agreement”).
	On June 19, 2012, Elaine Wynn responded to the Counterclaim and asserted a cross claim against Steve Wynn and Kazuo Okada seeking a declaration that (1) any and all of Elaine Wynn’s duties under the Stockholders Agreement be discharged; (2) the Stockholders Agreement is subject to rescission and is rescinded; (3) the Stockholders Agreement is an unreasonable restraint on alienation in violation of public policy; and/or (4) the restrictions on sale of shares shall be construed as inapplicable to Elaine Wynn. Mr. Wynn filed his answer to Elaine Wynn’s cross claim on September 24, 2012. The indentures for the Wynn Las Vegas, LLC first mortgage notes (the “Indentures”) provide that if Steve Wynn, together with certain related parties, in the aggregate beneficially owns a lesser percentage of the outstanding common stock of Wynn Resorts than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Steve Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Company’s debt documents. Under the Indentures, the occurrence of a change of control requires that the Company make an offer (unless the notes have been previously called for redemption) to each holder to repurchase all or any part of such holder’s Notes at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest on the Notes purchased, if any, to the date of repurchase.
	Wynn Resorts’ Complaint and the Okada Parties’ Counterclaim have been, and continue to be, challenged through motion practice. At a hearing held on November 13, 2012, the Nevada state court granted the Wynn Parties’ motion to dismiss the Counterclaim with respect to the Okada Parties’ claim under the Nevada Racketeer Influenced and Corrupt Organizations Act with respect to certain Wynn Resorts’ executives but otherwise denied the motion. At a hearing held on January 15, 2013, the court denied the Okada Parties’ motion to dismiss Wynn Resorts’ Complaint. On April 22, 2013, Wynn Resorts filed a second amended complaint. On June 12, 2013, the Okada Parties filed a request to file a third amended counterclaim, and on August 30, 2013, the Okada Parties filed their third amended complaint. On September 18, 2013, Wynn Resorts filed a Partial Motion to Dismiss related to a claim in the third amended counterclaim alleging civil extortion by Mr. Wynn and Ms. Sinatra. On October 29, 2013 the court granted the motion and dismissed the claim. The parties had been engaged in discovery at the time the court entered the Stay (defined and discussed below). Therefore, although the court previously set a timetable for all discovery, pre-trial and trial deadlines, with a five-week jury trial scheduled to commence in April 2014, this schedule may change due to the Stay.
	On April 8, 2013, the United States Attorney’s Office and the U.S. Department of Justice filed a Motion to Intervene and for Temporary and Partial Stay of Discovery in the Redemption Action. The motion stated that the federal government has been conducting a criminal investigation of the Okada Parties involving the “same underlying allegations of misconduct – that is, potential violations of the Foreign Corrupt Practice Act and related fraudulent conduct – that form the basis of” Wynn Resorts’ complaint, as amended, in the Redemption Action. The motion sought to stay all discovery in the Redemption Action related to the Okada Parties’ allegedly unlawful activities in connection with their Philippine Casino Project until the conclusion of the criminal investigation and any resulting criminal prosecution, with an interim status update to the court in six months. At a hearing on May 2, 2013, the court granted the motion and ordered that all discovery in the Redemption Action be stayed for a period of six months (the “Stay”). On October 29, 2013, the United States Attorney’s Office and the U.S. Department of Justice filed a Motion to Extend the Stay for a period of six months. At a hearing on October 31, 2013, the court granted the requested extension based upon an affidavit provided under seal that outlined, among other things, concerns for witness safety. The court did, however, order the parties to exchange written discovery propounded prior to May 2, 2013, including discovery related to the Elaine Wynn cross and counterclaims referred to in the following paragraph.
	On May 30, 2013, Elaine Wynn filed a motion for partial relief from the Stay, to allow her to conduct limited discovery related to her cross and counterclaims. The Wynn Parties opposed the motion so as to not interfere with the United States Government’s investigation. At a hearing on August 1, 2013, the court denied the motion. On August 2, 2013, the court stayed discovery in the indemnification action related to the government investigations (consistent with the Stay in the Redemption Action), and ordered that all other discovery be conducted within ninety days. The court did not set a trial date; rather set the matter for a status check on January 10, 2014.
	Subject to the Stay, Wynn Resorts will continue to vigorously pursue its claims against the Okada Parties, and the Wynn Parties will continue to vigorously defend against the counterclaims asserted against them. Wynn Resorts’ claims and the Okada Parties’ counterclaims remain in an early stage and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. An adverse judgment or settlement involving payment of a material amount could cause a material adverse effect on our financial condition.
	In May 2011, Wynn Macau, a majority owned subsidiary of Wynn Resorts, made a commitment to the University of Macau Development Foundation in support of the new Asia-Pacific Academy of Economics and Management. This contribution consists of a $25 million payment made in May 2011 and a commitment for additional donations of $10 million each year for the calendar years 2012 through 2022 inclusive. The pledge was consistent with Wynn Resorts’ long-standing practice of providing philanthropic support for deserving institutions in the markets in which it operates. The pledge was made following an extensive analysis which concluded that the gift was made in accordance with all applicable laws. The pledge was considered by the boards of directors of both Wynn Resorts and Wynn Macau, Limited and approved by 15 of the 16 directors who served on those boards. The sole dissenting vote was cast by Mr. Okada whose stated objection was to the length of time over which the donation would occur, not its propriety. Mr. Okada has filed various lawsuits against Wynn Resorts relating to Wynn Resorts’ donation to the University of Macau and alleging that it was improper.
	On February 8, 2012, following the initiation of Mr. Okada’s litigation against Wynn Resorts regarding Wynn Macau’s donation to the University of Macau Development Foundation, Wynn Resorts received a letter from the Salt Lake Regional Office of the SEC requesting that, in connection with an informal inquiry by the SEC, Wynn Resorts preserve information relating to the donation to the University of Macau, any donations by Wynn Resorts to any other educational charitable institutions, including the University of Macau Development Foundation, and Wynn Resorts’ casino or concession gaming licenses or renewals in Macau. Wynn Resorts is fully cooperating with the Salt Lake Regional Office staff. On July 2, 2013, Wynn Resorts received a letter from the Office stating that the investigation had been completed with the Office not intending to recommend any enforcement action against Wynn Resorts by the SEC.
	In February 2013, the Nevada Gaming Control Board informed Wynn Resorts that it had completed an investigation of allegations made by Mr. Okada against Wynn Resorts regarding the activities of Mr. Wynn and related entities in Macau and found no violations of the Gaming Control Act or the Nevada Gaming Commission Regulations.
	In the U.S. Department of Justice’s Motion to Intervene and for Temporary and Partial Stay of Discovery in the Redemption Action, the Department of Justice states in a footnote that the government also has been conducting a criminal investigation into Wynn Resorts’ donation to the University of Macau discussed above. Wynn Resorts has not received any target letter or subpoena in connection with such an investigation. Wynn Resorts intends to cooperate fully with the government in response to any inquiry related to the donation to the University of Macau.
	Other regulators may pursue separate investigations into Wynn Resorts’ compliance with applicable laws arising from the allegations in the matters described above and in response to the Counterclaim and other litigation filed by Mr. Okada suggesting improprieties in connection with the donation to the University of Macau. While Wynn Resorts believes that it is in full compliance with all applicable laws, any such investigations could result in actions by regulators against Wynn Resorts or its subsidiaries.
	For additional information regarding the proceedings discussed above and related proceedings see Part II, Item 1 of the Quarterly Report on Form 10-Q filed by Wynn Resorts for the quarter ended September 30, 2013.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2013

Cash and Cash Equivalents

Cash and cash equivalents are comprised of highly liquid investments with purchase maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value.

Restricted Cash

As of September 30, 2013, restricted cash balances totaled approximately $243 million, which consists of funds held for the purpose of redeeming, in November 2013, the portion of the 7⁷/₈% First Mortgage Notes due 2017 that were not tendered in May 2013. For more information on the Wynn Las Vegas tender offer, see Note 6 – “Long-Term Debt.” There were no restricted cash balances as of December 31, 2012.

Accounts Receivable and Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues credit in the form of “markers” to approved casino customers following investigations of creditworthiness. As of September 30, 2013 and December 31, 2012, approximately 78% of the Company’s markers were due from customers residing in foreign countries, primarily in Asia. Business or economic conditions or other significant events in these countries could affect the collectibility of such receivables.

Accounts receivable, including casino and hotel receivables, are typically non-interest bearing and are initially recorded at cost. Accounts are written off when management deems them to be uncollectible or after two years, whichever period is shorter. Recoveries of accounts previously written off are recorded when received. An allowance for doubtful accounts is maintained to reduce the Company’s receivables to their estimated carrying amount, which approximates fair value. The allowance is estimated based on specific review of customer accounts as well as management’s experience with collection trends in the casino industry and current economic and business conditions. During the quarter ended June 30, 2013, the Company recorded an adjustment to its reserve estimates for casino accounts receivable based on the results of historical collection patterns and current collection trends. This adjustment benefitted operating income and net loss by $12.2 million for the nine months ended September 30, 2013.

During the quarter ended June 30, 2012, the Company recorded a similar adjustment which benefitted operating income and net loss by $9.6 million for the nine months ended September 30, 2012.

Inventories

Inventories consist of retail, food and beverage items, which are stated at the lower of cost or market value, and certain operating supplies. Cost is determined by the first-in, first-out, average and specific identification methods.

Revenue Recognition and Promotional Allowances

The Company recognizes revenues at the time persuasive evidence of an arrangement exists, the service is provided or the retail goods are sold, prices are fixed or determinable and collection is reasonably assured.

Casino revenues are measured by the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs and for chips in the customers’ possession. Hotel, food and beverage, entertainment and other operating revenues are recognized when services are performed. Entertainment, retail and other revenue includes rental income which is recognized on a time proportion basis over the lease term. Contingent rental income is recognized when the right to receive such rental income is established according to the lease agreements. Advance deposits on rooms and advance ticket sales are recorded as deferred revenues until services are provided to the customer.

Revenues are recognized net of certain sales incentives which are recorded as a reduction of revenue. Consequently, the Company’s casino revenues are reduced by discounts and points earned in the player’s club loyalty program.

The retail value of accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (amounts in thousands):

Three Months Ended

Nine Months Ended

September 30,

2013

2012

2013

2012

Rooms

10,214

9,690

28,225

27,278

Food and beverage

17,138

14,370

46,804

43,559

Entertainment, retail and other

3,603

3,588

9,162

10,184

30,955

27,648

84,191

81,021

Gaming Taxes

The Company is subject to taxes based on gross gaming revenues, subject to applicable adjustments. These gaming taxes are an assessment on the Company’s gaming revenues and are recorded as an expense within the “Casino” line item in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss. These taxes totaled $11.2 million and $10.9 million for the three months ended September 30, 2013 and 2012, respectively. For the nine months ended September 30, 2013 and 2012, these taxes totaled $34.6 million and $29.3 million, respectively.

Advertising Costs

The Company expenses advertising costs the first time the advertising takes place and such costs are primarily included in general and administrative expenses. Advertising costs totaled $2.9 million and $4.6 million for the three months ended September 30, 2013 and 2012, respectively. Advertising costs totaled $13.3 million and $14.3 million for the nine months ended September 30, 2013 and 2012, respectively.

Stock-Based Compensation

The Company accounts for stock-based compensation related to equity shares of Wynn Resorts granted to its employees by recognizing the costs of the employee services received in exchange for the equity award instrument based on the grant date fair value of the awards over the service period. For the nine months ended September 30, 2013 and 2012, the Company recorded $6.6 million and $4.2 million, respectively, in share-based compensation with a corresponding credit to contributed capital.

Recently Issued Accounting Standards

In February 2013, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update that amends the presentation requirements for reclassifications out of accumulated other comprehensive income. The amendment would require an entity to present amounts reclassified out of accumulated other comprehensive income by component either on the face of the statement where net income is presented or in the notes. This update is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this update did not have a material impact on the Company’s financial statements.

In July 2012, the FASB issued an accounting standards update that is intended to simplify the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. The update allows for the consideration of qualitative factors in determining whether it is necessary to perform quantitative impairment tests. The effective date for this update is for the annual, and interim impairment tests performed for years beginning after September 15, 2012. The adoption did not have a material impact on the Company’s financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2013
Summary Estimated Cost of Promotional Allowances	'
	The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (amounts in thousands):


		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Rooms	$	10,214	$	9,690	$	28,225	$	27,278
	Food and beverage		17,138		14,370		46,804		43,559
	Entertainment, retail and other		3,603		3,588		9,162		10,184

		$	30,955	$	27,648	$	84,191	$	81,021

Receivables_net_Tables

Receivables, net (Tables)	9 Months Ended
Receivables, net (Tables)	Sep. 30, 2013
Summary of Receivables, Net	'
	Receivables, net consisted of the following (amounts in thousands):


		September 30,			December 31,
		2013			2012
	Casino	$	173,391		$	190,528
	Hotel		11,980			16,914
	Retail leases and other		22,308			19,234

			207,679			226,676
	Less: allowance for doubtful accounts		(54,819	)		(64,281	)

		$	152,860		$	162,395

Property_and_Equipment_net_Tab

Property and Equipment, net (Tables)	9 Months Ended
Property and Equipment, net (Tables)	Sep. 30, 2013
Schedule of Property and Equipment, Net	'
	Property and equipment, net consisted of the following (amounts in thousands):


		September 30,			December 31,
		2013			2012
	Land and improvements	$	622,942		$	622,942
	Buildings and improvements		2,627,920			2,626,384
	Airplane		44,364			44,364
	Furniture, fixtures and equipment		1,358,123			1,336,661
	Construction in progress		4,778			2,518

			4,658,127			4,632,869
	Less: accumulated depreciation		(1,586,780	)		(1,417,264	)

		$	3,071,347		$	3,215,605

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
Long-Term Debt (Tables)	Sep. 30, 2013
Summary of Long-Term Debt	'
	Long-term debt consisted of the following (amounts in thousands):


		September 30,			December 31,
		2013			2012
	7⁷/₈% First Mortgage Notes, due November 1, 2017, net of original issue discount of $2,893 at September 30, 2013 and $7,384 at December 31, 2012	$	222,402		$	492,616
	7⁷/₈% First Mortgage Notes, due May 1, 2020, net of payable to affiliate and original issue discount of $1,940 at September 30, 2013 and $2,102 at December 31, 2012		350,070			349,908
	7³/₄% First Mortgage Notes, due August 15, 2020		1,320,000			1,320,000
	5³/₈% First Mortgage Notes, due March 15, 2022		900,000			900,000
	4¹/₄% Senior Notes, due May 30, 2023		500,000			—
	$42 million Note Payable due April 1, 2017; interest at LIBOR plus 1.25%		32,900			33,950
	Payable to Affiliate		30,000			30,000

			3,355,372			3,126,474
	Current portion of long-term debt		(223,452	)		(1,050	)

		$	3,131,920		$	3,125,424

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2013
Organization and Basis of Presentation [Abstract]	'
Percentage of ownership in joint ventures	50.00%
Wynn Capital	'
Organization and Basis of Presentation [Abstract]	'
Incorporation date	3-Jun-02
Common stock, authorized	2,000
Common stock, par value	$0.01
Company owned, share issued and outstanding	1

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013	15-May-13	Dec. 31, 2012
	Sep. 30, 2013	Sep. 30, 2012	M	Sep. 30, 2012	Dec. 31, 2012	7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017
Summary of Significant Accounting Policies [Line Items]	'	'	'	'	'	'	'	'
Cash and cash equivalents maturity period	'	'	3	'	'	'	'	'
Restricted cash	$243,038,000	'	$243,038,000	'	'	$243,000,000	'	$0
Debt instrument, interest rate	'	'	'	'	'	7.88%	7.88%	7.88%
Long-term debt due date	'	'	'	'	'	'2017	'	'
Percentage of credit markers due from customers residing outside of the United States	78.00%	'	78.00%	'	78.00%	'	'	'
Adjustment effect in operating income	'	'	12,200,000	9,600,000	'	'	'	'
Gaming tax expenses	11,200,000	10,900,000	34,600,000	29,300,000	'	'	'	'
Total advertising costs	2,900,000	4,600,000	13,300,000	14,300,000	'	'	'	'
Stock-based compensation	'	'	$6,629,000	$4,247,000	'	'	'	'

Summary_of_Estimated_Cost_of_P

Summary of Estimated Cost of Promotional Allowances (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Promotional Allowances [Line Items]	'	'	'	'
Estimated costs of promotional allowances primarily included in casino expense	$30,955	$27,648	$84,191	$81,021
Rooms	'	'	'	'
Promotional Allowances [Line Items]	'	'	'	'
Estimated costs of promotional allowances primarily included in casino expense	10,214	9,690	28,225	27,278
Food and Beverage	'	'	'	'
Promotional Allowances [Line Items]	'	'	'	'
Estimated costs of promotional allowances primarily included in casino expense	17,138	14,370	46,804	43,559
Entertainment Retail and Other	'	'	'	'
Promotional Allowances [Line Items]	'	'	'	'
Estimated costs of promotional allowances primarily included in casino expense	$3,603	$3,588	$9,162	$10,184

Supplemental_Disclosure_of_Cas1

Supplemental Disclosure of Cash Flow Information - Additional Information (Detail) (USD $)	9 Months Ended		1 Months Ended	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 18, 2012	Mar. 31, 2012
	Sep. 30, 2013	Sep. 30, 2012	Wynn Resorts	5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Supplemental Disclosure of Cash Flow Information [Line Items]	'	'	'	'
Interest paid	$187,100,000	$168,600,000	'	'
Proceeds from issuance of long-term debt	500,000,000	900,000,000	'	900,000,000
Capitalized interest	0	0	'	'
Change in construction payables and retention	-1,700,000	-5,500,000	'	'
Value of distributions to parent	'	'	$94,000,000	'

Summary_of_Receivables_Net_Det

Summary of Receivables, Net (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Receivables, gross	$207,679	$226,676
Less: allowance for doubtful accounts	-54,819	-64,281
Receivables, net	152,860	162,395
Casino	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Receivables, gross	173,391	190,528
Hotel	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Receivables, gross	11,980	16,914
Retail Leases and Other	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Receivables, gross	$22,308	$19,234

Schedule_of_Property_and_Equip

Schedule of Property and Equipment, Net (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Property and Equipment [Line Items]	'	'
Land and improvements	$622,942	$622,942
Buildings and improvements	2,627,920	2,626,384
Airplane	44,364	44,364
Furniture, fixtures and equipment	1,358,123	1,336,661
Construction in progress	4,778	2,518
Property, Plant and Equipment, Gross, Total	4,658,127	4,632,869
Less: accumulated depreciation	-1,586,780	-1,417,264
Property and equipment, net	$3,071,347	$3,215,605

Summary_of_LongTerm_Debt_Detai

Summary of Long-Term Debt (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]	'	'
Payable to Affiliate	$30,000	$30,000
Long-term debt total	3,355,372	3,126,474
Current portion of long-term debt	-223,452	-1,050
Non current portion of long-term debt	3,131,920	3,125,424
7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017	'	'
Debt Instrument [Line Items]	'	'
Long-term debt total	222,402	492,616
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020	'	'
Debt Instrument [Line Items]	'	'
Long-term debt total	350,070	349,908
7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020	'	'
Debt Instrument [Line Items]	'	'
Long-term debt total	1,320,000	1,320,000
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022	'	'
Debt Instrument [Line Items]	'	'
Long-term debt total	900,000	900,000
4 1/4% Senior Notes, Due May 30, 2023	'	'
Debt Instrument [Line Items]	'	'
Long-term debt total	500,000	'
$42 Million Note Payable, Due April 1, 2017	'	'
Debt Instrument [Line Items]	'	'
Long-term debt total	$32,900	$33,950

Summary_of_LongTerm_Debt_Paren

Summary of Long-Term Debt (Parenthetical) (Detail) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

15-May-13

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

22-May-13

Sep. 30, 2013

Dec. 31, 2012

7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017

7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020

7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020

5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022

4 1/4% Senior Notes, Due May 30, 2023

$42 Million Note Payable, Due April 1, 2017

Debt Instrument [Line Items]

Debt instrument, interest rate

7.88%

7.75%

5.38%

4.25%

Debt instrument, principal amount

$500,000,000

$42,000,000

Interest in addition to LIBOR

1.25%

Long-term debt due date

1-Nov-17

1-May-20

15-Aug-20

15-Mar-22

30-May-23

1-Apr-17

Original issue discount

$2,893,000

$7,384,000

$1,940,000

$2,102,000

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

1 Months Ended

9 Months Ended

12 Months Ended

1 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

22-May-13

Sep. 30, 2013

Dec. 31, 2012

15-May-13

Nov. 01, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

4 1/4% Senior Notes, Due May 30, 2023

7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017

7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020

7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020

5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022

First Mortgages Notes and Senior Notes

Other Debt

Subsequent Event

Debt Instrument [Line Items]

Debt instrument, aggregate principal amount

$500,000,000

$225,300,000

Debt instrument, interest rate

4.25%

7.88%

7.75%

5.38%

Long-term debt maturity year

'2023

'2017

Tender offer expiration date

21-May-13

Valid tenders received at time of cash tender offer expiration

274,700,000

Cash tender offer, consideration paid

19,600,000

Cash tender offer, consideration paid per principal amount

$1,071.45

Principal amount for cash tender offer

1,000

Unamortized debt issue costs and original issue discount

6,700,000

Loss on extinguishment of debt

-1,962,000

-26,578,000

-6,790,000

300,000

Debt redemption price as percentage of principal

100.00%

103.94%

Debt redemption fees paid

8,900,000

Capitalized financing costs

4,100,000

Debt instrument issuance date

22-May-13

Debt instrument, redemption description

'The redemption price for 2023 Notes that are redeemed before February 28, 2023 will be equal to the greater of (a) 100% of the principal amount of the 2023 Notes to be redeemed or (b) a "make-whole" amount described in the 2023 Indenture, plus in either case accrued and unpaid interest to, but not including, the redemption date.

'The Issuers satisfied and discharged the 2017 Indenture and, in November 2013

Debt instrument, maturity date

30-May-23

1-Nov-17

1-May-20

15-Aug-20

15-Mar-22

Percentage of principal repayment on event of change of control

101.00%

Debt redemption date

28-Feb-23

Long-term debt due date

'2020

'2022

Payment default period

'30 days

Long-term debt

3,355,372,000

3,126,474,000

500,000,000

222,402,000

492,616,000

350,070,000

349,908,000

1,320,000,000

900,000,000

3,300,000,000

3,100,000,000

33,000,000

34,000,000

Fair value of debt instrument

$3,500,000,000

$3,400,000,000

$33,000,000

$34,000,000

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended			1 Months Ended	24 Months Ended	1 Months Ended
	Sep. 18, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Mar. 01, 2012	Mar. 01, 2012	Dec. 29, 2012
	D	acre		D			Existing SW Lease	Existing SW Lease	Existing SW Lease
	acre			acre					After Amendment
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'
Other net amounts due to affiliates	'	$40,000,000	'	$40,000,000	'	$33,700,000	'	'	'
Construction related payables	'	2,400,000	'	2,400,000	'	4,100,000	'	'	'
Management fee payable	'	164,100,000	'	164,100,000	'	146,300,000	'	'	'
Management fee as percentage of net revenues	'	1.50%	'	1.50%	'	'	'	'	'
Corporate support service allocations	'	5,900,000	6,600,000	19,200,000	20,400,000	'	'	'	'
Notice required for lease termination at Villa Suite, days	30	'	'	90	'	'	'	'	'
Rental value	$598,000	'	'	'	'	'	$440,000	$503,831	$525,000
Area of land	'	2	'	2	'	'	'	'	'
Aircraft purchase option period	'	'	'	'30 days	'	'	'	'	'
Agreement expiration	'	'	'	'2020-10	'	'	'	'	'
Surname Rights Agreement expiration date	'	'	'	'Until October 24, 2017	'	'	'	'	'
Lease Facility Area	140	'	'	'	'	'	'	'	'

Property_Charges_and_Other_Add

Property Charges and Other - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Component Of Operating Cost And Expense [Line Items]	'	'	'	'
Property charges and other	$276	$21,698	$10,095	$27,590

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	9 Months Ended		9 Months Ended	12 Months Ended		1 Months Ended	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2008	Sep. 30, 2013	Dec. 31, 2012	31-May-11	Feb. 18, 2012	Sep. 30, 2013	Feb. 22, 2013
			5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022	5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022	Wynn Macau	Aruze USA, Inc.	Commitments	Director
					Person		5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Schedule Of Commitments And Contingencies [Line Items]	'	'	'	'	'	'	'	'
Use tax refunds claimed from state	'	$5.40	'	'	'	'	'	'
Reversal of accrued sales tax	2.9	'	'	'	'	'	'	'
Percentage of shares voted in favor of removal of Mr. Okada	'	'	'	'	'	'	'	99.60%
Number of shares voted	'	'	'	'	'	'	'	86,000,000
Common stock redeemed, shares	'	'	'	'	'	24,549,222	'	'
Redemption price promissory note, principal amount	'	'	'	'	'	1,940	'	'
Redemption price promissory note, interest rate	'	'	5.38%	5.38%	'	2.00%	'	'
Long-term debt due date	'	'	15-Mar-22	15-Mar-22	'	18-Feb-22	24-Sep-12	'
Debt purchase price percentage of aggregate principal amount	101.00%	'	'	'	'	'	'	'
Donation to University of Macau Development Foundation	'	'	'	'	25	'	'	'
Commitment for additional donations to be made	'	'	'	'	$10	'	'	'
Number of board members on the Board of Directors who approved donations	'	'	'	'	15	'	'	'
Number of board members on the Board of Directors	'	'	'	'	16	'	'	'