Nevada Property 1 10-Q 8 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 08, 2013	Nov. 08, 2013
		Class A Membership Interests	Class B Membership Interests
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	'NEVADA PROPERTY 1 LLC	'	'
Entity Central Index Key	'0001485589	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	100	100

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets:	'	'
Cash held with Deutsche Bank	$32,133	$20,388
Cash held with third parties and on hand	34,897	28,423
Total cash and cash equivalents	67,030	48,811
Accounts receivable, net	56,437	68,179
Due from affiliate (Notes 3 and 11)	38,477	83,105
Inventories	12,161	10,749
Deferred income taxes	11,561	11,620
Restricted cash	1,107	1,551
Prepaid commissions	46	88
Prepaid expenses and other assets	16,228	18,330
Total current assets	203,047	242,433
Property and equipment, net	2,863,457	2,937,062
Intangible asset, net	10,374	11,627
Deferred income taxes	87,962	88,772
Other assets	36,121	41,038
Total assets	3,200,961	3,320,932
Current liabilities:	'	'
Accounts payable	11,958	9,136
Interest payable to affiliate	9,941	10,867
Accrued and other liabilities	81,019	80,456
Advance condominium deposits	394	653
Total current liabilities	103,312	101,112
Accounts payable - construction	6,741	163
Accounts payable - retention	2,484	154
Accrued and other liabilities - construction	3,560	3,957
Loan payable to affiliate	3,479,473	3,539,951
Other liabilities	5,076	5,936
Total liabilities	3,600,646	3,651,273
Commitments and contingencies (Note 12)	'	'
Members' deficit	-399,685	-330,341
Total liabilities and members' deficit	$3,200,961	$3,320,932

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Casino	$44,374	$22,557	$115,895	$92,060
Hotel	66,853	59,896	201,750	182,346
Food and beverage	81,312	82,424	246,038	237,102
Entertainment, retail and other	8,865	8,818	25,797	23,349
Gross revenues	201,404	173,695	589,480	534,857
Less - promotional allowances	-31,310	-28,388	-88,677	-80,718
Net revenues	170,094	145,307	500,803	454,139
Operating expenses:	'	'	'	'
Casino	28,040	26,697	82,459	75,071
Hotel	9,921	9,921	30,279	28,653
Food and beverage	54,567	56,554	162,520	161,839
Entertainment, retail and other	8,203	7,309	22,263	20,481
Sales and marketing	11,987	12,963	50,897	48,305
General and administrative	29,568	29,060	80,466	79,851
Corporate	3,193	3,391	13,856	9,342
Pre-opening	1,727	'	2,172	'
(Gain) loss on disposal of assets	79	-6	85	807
Depreciation and amortization	42,759	41,449	132,806	125,169
Total operating expenses	190,044	187,338	577,803	549,518
Operating loss	-19,950	-42,031	-77,000	-95,379
Other income (expense):	'	'	'	'
Net settlement and default income	'	110	217	12,771
Interest income	11	-111	28	5
Interest expense due to affiliate, net of amounts capitalized	-9,903	-11,757	-30,197	-36,125
Total other income (expense)	-9,892	-11,758	-29,952	-23,349
Loss before income taxes	-29,842	-53,789	-106,952	-118,728
Income tax benefit	10,437	19,435	37,608	42,187
Net loss	($19,405)	($34,354)	($69,344)	($76,541)

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	($69,344)	($76,541)
Deferred income taxes (Notes 3 and 11)	-37,608	-42,187
Depreciation and amortization	132,806	125,169
(Gain) loss on disposal of assets	85	807
Changes in operating assets and liabilities:	'	'
Accounts receivable, net	11,742	-12,612
Due from affiliate (Notes 3 and 11)	83,105	'
Inventories	-1,494	-394
Prepaid expenses and other assets	7,061	7,523
Accounts payable	2,822	4,228
Accrued and other liabilities	-297	6,160
Interest payable to affiliate	-926	635
Restricted cash	444	33,403
Advance condominium deposits	-259	-32,382
Net cash provided by operating activities	128,137	13,809
Cash flows from investing activities:	'	'
Ordinary capital expenditures	-12,234	-4,881
Capital expenditures from major developments and for construction projects	-37,206	-28,156
Proceeds from sale of assets	'	101
Net cash used in investing activities	-49,440	-32,936
Cash flows from financing activities:	'	'
Borrowings under loan payable to affiliate	37,627	21,094
Principal payments under loan payable to affiliate	-98,105	-25,000
Net cash used in financing activities	-60,478	-3,906
Net increase in cash and cash equivalents	18,219	-23,033
Cash and cash equivalents at beginning of period	48,811	77,293
Cash and cash equivalents at end of period	67,030	54,260
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest due to affiliate, net of interest capitalized	31,123	36,125
Non-cash investing activities:	'	'
Change in accrued additions to construction in progress	$8,512	$46,766

Organization_and_Description_o

Organization and Description of the Business	9 Months Ended
	Sep. 30, 2013
Organization and Description of the Business	'
	1	Organization and Description of the Business
	Company Overview
	Nevada Property 1 LLC, a limited liability company organized in Delaware (the “Company”), owns and operates The Cosmopolitan of Las Vegas (the “Property” or “The Cosmopolitan”) which commenced operations on December 15, 2010. Prior to December 15, 2010, the Property was in its construction and pre-opening stage.
	Acquisition of The Cosmopolitan
	The entity that previously owned the Property was Cosmo Senior Borrower LLC (“CSB”), a limited liability company organized in Delaware, which acquired the Property from its affiliate, 3700 Associates, LLC, a Delaware limited liability company (the “Previous Owner”), in December 2005. In April 2004, the Previous Owner purchased approximately 8.7 acres of land in Las Vegas, Nevada, in order to develop the Property and to eventually run the business as The Cosmopolitan. A subsidiary of Deutsche Bank AG New York Branch (“Deutsche Bank”) made a mortgage loan to CSB on December 30, 2005 (the “Cosmopolitan Mortgage Loan”), encumbering the Property. The Cosmopolitan Mortgage Loan went into default on January 15, 2008 and remedies were exercised against CSB.
	The Company was formed on July 30, 2008 for the purpose of holding the first lien mortgage loan on the Property and ultimately foreclosing on the Property. On August 29, 2008, the Company, which is an indirect wholly-owned subsidiary of Deutsche Bank, acquired ownership of the Cosmopolitan Mortgage Loan. The Company then acquired the Property at a foreclosure sale for $1 billion on September 3, 2008, and is the current owner of the Property. In accordance with the operating agreement, the Company shall continue in perpetuity until dissolved upon the election of Nevada Mezz 1 LLC (“Nevada Mezz”) and Nevada Voteco LLC (“Nevada Voteco” or “Voteco”) or through a judicial dissolution under Section 18-802 of the Delaware Limited Liability Company Act. Nevada Voteco and Nevada Mezz are collectively referred to as the “Members” within this Quarterly Report on Form 10-Q.
	The Company filed a Registration Statement on Form 10 on April 9, 2010, which went effective under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on June 8, 2010.
	Corporate Structure
	The Company’s wholly-owned subsidiaries are Nevada Restaurant Venture 1 LLC (“Nevada Restaurant”), which was formed on November 24, 2009 as a limited liability company in Delaware and Nevada Retail Venture 1 LLC (“Nevada Retail”), which was also formed on November 24, 2009 as a limited liability company in Delaware. Nevada Restaurant master leases the Property’s restaurants and the nightclub from the Company and has entered into management agreements with third-party restaurant operators and a nightclub operator to manage and operate their respective establishments at the Property. Nevada Retail master leases the retail spaces at the Property from the Company and operates certain of the retail spaces within the Property. In addition, Nevada Retail has also entered into lease agreements with third-party retail operators to manage and operate their respective retail businesses at the Property.
	The Company’s operations are conducted entirely at the Property, which includes hotel, casino, food and beverage, retail and other related operations. Given the integrated nature of these operations, the Company is considered to have one operating segment.
	The principal executive offices of The Cosmopolitan of Las Vegas are located at 3708 Las Vegas Boulevard South, Las Vegas, Nevada 89109 and the telephone number is (702) 698-7000. The Cosmopolitan’s internet website is located at www.cosmopolitanlasvegas.com. The information on our website is not part of this Quarterly Report on Form 10-Q.

Basis_of_Presentation_Principl

Basis of Presentation, Principles of Consolidation and Summary of Significant Accounting Principles	9 Months Ended
	Sep. 30, 2013
Basis of Presentation, Principles of Consolidation and Summary of Significant Accounting Principles	'
	2	Basis of Presentation, Principles of Consolidation and Summary of Significant Accounting Principles
	The unaudited interim condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Although we believe the disclosures made are adequate to make the information presented not misleading, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) have been condensed or omitted pursuant to such rules or regulations. In management’s opinion, all adjustments and normal recurring accruals necessary for a fair presentation of the results for the interim periods have been made. The unaudited 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. The December 31, 2012 condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by US GAAP. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K which was filed with the SEC on March 29, 2013.
	As previously noted, the Company is an indirect wholly-owned subsidiary of Deutsche Bank. In the normal course of business, the Company’s operations may include significant transactions conducted with Deutsche Bank or affiliated entities of Deutsche Bank.
	Reclassification and Revision
	Prior to January 1, 2013, on the Company’s consolidated statements of operations, sales expenses were historically classified with hotel expenses; and, marketing expenses were included as a component of general and administrative expenses. Effective January 1, 2013, we now present sales and marketing expenses as a separate line item on the condensed consolidated statements of operations and have reclassified amounts in the prior period statements to conform to current period presentations. This reclassification had no effect on previously reported net loss.
	Pre-opening Expenses
	Costs incurred during a development and construction period that are not related to development and construction are included within pre-opening expenses. Such costs include, but are not limited to, direct marketing and advertising of the project prior to opening, consultants hired to assist the Company in the opening of a project, training of new CoStars (the Company identifies its staff as “CoStars” ), payroll for specific CoStars in our non-development and construction groups specifically assigned to the project, the cost of incremental office lease space associated with the project and used by the Company prior to opening, legal and other consulting fees, general and administrative expenses and other non-construction-related expenses.
	Use of Estimates
	The preparation of unaudited condensed consolidated financial statements in conformity with US 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates used by us include, among other things, the estimated useful lives for depreciable and amortizable assets, the estimated allowance for doubtful accounts receivable, estimated income tax provisions, the evaluation of the future realization of deferred tax assets, determining the adequacy of reserves for self-insured liabilities and the Identity Membership Program (our customer guest reward program), estimated cash flows in assessing the recoverability of long-lived assets and asset impairments, and contingencies and litigation. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Although management believes these estimates are based upon reasonable assumptions within the bounds of its knowledge of the Company’s business and operations, actual results could differ materially from those estimates.
	Fair Value of Financial Instruments
	The carrying value of the Company’s cash and cash equivalents, restricted cash, and accounts payable approximates fair value due to their short-term maturities. All of the Company’s debt is held by an affiliate and accrues interest at the three-month London Interbank Offering Rate (“LIBOR”) plus 85 basis points. LIBOR is determined two days in advance of the funding based on publicly available quotes published by Reuters. Interest is calculated on the basis of actual days outstanding over a 360-day year. Given the related party nature of the Company’s debt, it is unlikely that the Company could obtain similar financing on the same terms with a third-party in an arm’s length transaction.
	Newly Issued Accounting Pronouncements
	In January 2013 the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. ASU 2013-01 clarifies that ordinary trade receivables and receivables are not in the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. ASU No. 2013-01 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. Disclosures required under ASU No. 2013-01 will be applied retrospectively for all comparative periods presented. The adoption of this amendment will impact only the disclosures in the Company’s consolidated financial statements in future periods should the Company obtain any of the financial instruments included within the scope of the pronouncement, e.g., derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions.
	In February 2013 the FASB issued ASU No. 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements, e.g., recognized derivative instruments, bifurcated embedded derivates, etc., for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in US GAAP. ASU No. 2013-04 is effective for fiscal years and interim periods within those years, beginning after December 15, 2013. ASU No. 2013-04 will be applied retrospectively. The Company does not currently have joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date. Should the Company enter into such liability arrangements, the adoption of this amendment will impact only the disclosures in the Company’s consolidated financial statements in future periods.
	In July 2013 the FASB issued ASU No. 2013-11 (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. Previous to the issuance of ASU No. 2013-11, Topic 740 did not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. As such, the objective of ASU No. 2013-11 is to eliminate diversity in financial statement reporting practices. ASU No. 2013-11 is effective for fiscal years and interim periods within those years, beginning after December 15, 2013. The Company believes that it has no uncertain tax position; however there is no assurance that the taxing authorities will not propose adjustments that are different than the Company’s expected outcome and impact the provision for income taxes in future periods.
	No other new accounting pronouncements issued or effective during 2013 or 2012 have had or are expected to have a material impact on the Company’s financial position or results of operations.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes	'
	3	Income Taxes
	For the three months ended September 30, 2013 and 2012, respectively, the effective income tax rate was (35.0%) and (36.1%). The effective income tax rate was (35.2%) and (35.5%) for respective nine months ended September 30, 2013 and 2012.
	The Company’s tax jurisdiction is the United States. Effective January 1, 2012, pursuant to broader tax reorganization, the Company is part of a Corporate Consolidated Tax Group (“Consolidated Group”) owned by Deutsche Bank and is included in the Consolidated Group’s tax return (see Note 11).
	The Consolidated Group’s income tax return is under examination. During the quarter ended June 30, 2013, the IRS notified the Company that its 2011 federal income tax return was selected for examination. The Company believes that it has no uncertain tax positions; however, there is no assurance that the taxing authorities will not propose adjustments that are different than the Company’s expected outcome and impact the provision for income taxes.

Accounts_Receivable_net

Accounts Receivable, net	9 Months Ended
	Sep. 30, 2013
Accounts Receivable, net	'
	4	Accounts Receivable, net
	Net accounts receivable consist of the following (in thousands):
			September 30,			December 31,
			2013			2012
	Casino		$	31,868		$	36,665
	Hotel			27,013			28,074
	Other			10,400			12,208
				69,281			76,947
	Less: allowance for doubtful accounts			(12,844	)		(8,768	)
			$	56,437		$	68,179
	Accounts receivable, including casino and hotel receivables, are typically non-interest bearing. The Company issues credit to approved casino customers following investigations of creditworthiness. The allowance is estimated based on specific review of customer accounts as well as management’s experience with collection trends in the gaming and hospitality industry and current economic and business conditions.

Prepaid_Expenses_and_Other_Cur

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2013
Prepaid Expenses and Other Current Assets	'
	5	Prepaid Expenses and Other Current Assets
	Prepaid expenses and other current assets consist of the following (in thousands):
			September 30,		December 31,
			2013		2012
	Prepaid expenses		$	11,102	$	15,429
	Other assets			5,126		2,901
			$	16,228	$	18,330
	Prepaid expenses as of September 30, 2013 and December 31, 2012 consist primarily of expenses relating to gaming taxes, insurance, marketing, operations, property and other taxes and maintenance. Other assets as of September 30, 2013 and December 31, 2012 consist primarily of imprest funds relating to our partner restaurants and security deposits.

Property_and_Equipment_net

Property and Equipment, net	9 Months Ended
	Sep. 30, 2013
Property and Equipment, net	'
	6	Property and Equipment, net
	Net property and equipment are stated at the lower of cost or fair value and consist of the following (in thousands):
			September 30,			December 31,
			2013			2012
	Land		$	110,454		$	110,454
	Buildings, buildings and land improvements			2,688,234			2,684,331
	Furniture, fixtures and equipment			481,420			468,489
	Construction in progress			49,758			8,647
	Less: accumulated depreciation			(466,409	)		(334,859	)
			$	2,863,457		$	2,937,062
	Interest of $0.1 million and $0.0 million was capitalized for the three months ended September 30, 2013 and 2012, respectively. For the nine months ended September 30, 2013 and 2012, interest of $0.1 million and $0.0 million, respectively, was capitalized. Depreciation expense of $42.3 million and $41.0 million was incurred during the three months ended September 30, 2013 and 2012, respectively; and, $131.6 million and $123.9 million, incurred during the respective nine months ended September 30, 2013 and 2012.

Owner_Controlled_Insurance_Pro

Owner Controlled Insurance Program	9 Months Ended
	Sep. 30, 2013
Owner Controlled Insurance Program	'
	7	Owner Controlled Insurance Program
	The Company maintained a comprehensive owner controlled insurance program that provided insurance coverage for the Property during construction. The program provided the following coverage: workers’ compensation, primary general liability, excess liability, contractors’ pollution legal liability, builders’ risk and project professional liability. The general contractor and all of the subcontractors working on the Property were required to enroll in the program.
	The Company is exposed on a first dollar loss basis for claims filed under either the workers compensation or general liability portions of the program. The Company retains the first $250,000 of the builders’ risk of loss, and $500,000 of each general liability, employer’s liability, and workers’ compensation claims. Claims that exceed the maximum loss amount of $500,000 per claim are covered by a traditional insurance program. The loss payout account receives interest at a rate based on the terms of the policy.
	We also maintain a reserve for workers’ compensation claims incurred but not reported (“IBNR”). The IBNR reserve estimate is determined on our actual historical expense experience and reporting patterns. The total reserve at September 30, 2013 is $2.2 million and $2.4 million at December 31, 2012 and is classified as accrued and other liabilities in the accompanying condensed consolidated balance sheets.
	The loss payout account will remain open and continue to pay claims until all claims are paid and closed or until the Company’s obligations have been met. The completed operations and professional liability claims period remains open for ten years following the completion of The Cosmopolitan in compliance with Nevada regulations. For insurance coverage purposes, the Project completion date was established as December 1, 2010. Workers’ compensation claims remain open until all claims are settled or benefits paid. Once all claims are paid and all obligations are settled, any residual funds in the loss payout account will be returned to the Company. The Company believes the existing balance in the loss payout account as of September 30, 2013 will be sufficient to pay all existing and expected future claims related to the Property.
	As of September 30, 2013, the balance for our owner controlled insurance program was $20.8 million compared to $22.2 million as of December 31, 2012. For the three and nine months ended September 30, 2013, we paid claims of $0.2 million and $0.3 million, respectively; $0.0 million and $0.3 million related to current year and prior year claims, respectively. For the three and nine months ended September 30, 2012, we paid claims of $1.2 million and $1.8 million, respectively; $0.0 million and $1.8 million related to current year and prior year claims, respectively. The Company also earned interest of $0.0 million on the funds maintained in the loss payout account at each of the three and nine months ended September 30, 2013 and 2012, respectively.
	The net balance of deposits in the loss payout account is classified as non-current other assets in the accompanying condensed consolidated balance sheets.

Restricted_Cash_and_Advance_Co

Restricted Cash and Advance Condominium Deposits	9 Months Ended
	Sep. 30, 2013
Restricted Cash and Advance Condominium Deposits	'
	8	Restricted Cash and Advance Condominium Deposits
	Restricted cash consists primarily of tokes (tips) earned by our CoStars in the Company’s slot and table games departments and non-refundable condominium sales deposits plus earned interest that are held in interest bearing escrow accounts. The restricted cash balance at September 30, 2013 is comprised of $0.7 million of tokes and $0.4 million of advance condominium deposits and, as of December 31, 2012, is comprised of $0.9 million of tokes and $0.7 million of advance condominium deposits. The advance condominium balance of $0.4 million and $0.7 million at September 30, 2013 and December 31, 2012 are respectively composed of $0.4 million in principal and $0.0 million in interest and $0.6 million in principal and $0.1 million in interest.
	The Company records deposits received under condominium hotel unit sale agreements as restricted cash and deferred revenue. Deposits are refundable in the case of a proven default by the Company. These amounts will be recognized as income upon closing of the sale of the condominium hotel units, except in the case of a proven default by the Company. Interest earned on these deposits is subject to refund in the case of a proven default by the Company. Interest earned on escrow deposits is deferred and is recognized in other income within the condensed consolidated statements of operations at closing or any other termination of the sales contract, except in the case of a proven default by the Company. Income resulting from legal settlements reached with the condominium hotel purchasers or arising due to buyer default is recognized as other income within the condensed consolidated statements of operations (refer to Note 12 for further discussion).

Accrued_and_Other_Liabilities

Accrued and Other Liabilities	9 Months Ended
	Sep. 30, 2013
Accrued and Other Liabilities	'
	9	Accrued and Other Liabilities
	Accrued and other liabilities consist of the following (in thousands):
			September 30,		December 31,
			2013		2012
	Accrued accounts payable		$	11,315	$	12,050
	Accrued payroll costs			22,078		23,680
	Deposits — patrons			3,086		6,458
	Advance deposits			14,190		11,385
	Chip liability			3,305		4,916
	Other liabilities			27,045		21,967
			$	81,019	$	80,456

Loan_Payable_to_Affiliate

Loan Payable to Affiliate	9 Months Ended
	Sep. 30, 2013
Loan Payable to Affiliate	'
	10	Loan Payable to Affiliate
	The Company maintains a $3.9 billion credit facility (the “Credit Facility”) with Deutsche Bank AG Cayman Islands Branch (“DBCI”), a branch of Deutsche Bank AG. DBCI has no obligation to provide the Company with additional funding beyond the Credit Facility. The current expiration of the Credit Facility is December 2015. Borrowings carry an interest rate of LIBOR plus a margin of 85 basis points (0.85%). Interest on the loan is payable in arrears and is due and payable on the first business day of each quarter. Principal repayment will be due on the fifth year anniversary of the term loan. The Credit Facility does not include any financial covenants.
	Proceeds from the Credit Facility may be used to pay for (i) the costs of constructing and completing our fully-integrated resort, (ii) Property operating deficits and, (iii) payment of interest on the Credit Facility to the extent that cash flow from the Property is insufficient to pay same after paying the cost of operating the Property. All outstanding debt will become due and payable upon a change of control of the Company.
	The total amount of the loan payable to affiliate at September 30, 2013 and December 31, 2012 is $3.5 billion for each respective reporting period. Additionally, at September 30, 2013 and December 31, 2012, the Company has an interest payable to affiliate of $9.9 million and $10.9 million, respectively, with a weighted average interest rate at September 30, 2013 of approximately 1.12%.
	The Company classifies construction-related accounts payable, retention and accrued and other liabilities as long-term liabilities as they are financed by the Company’s Credit Facility and therefore, will not require the use of working capital.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions	'
	11	Related Party Transactions
	The Company is involved in significant financing and other transactions with certain of its affiliates and Deutsche Bank. The following table sets forth amounts held with, receivable from and payable to affiliates and Deutsche Bank (in thousands):
			September 30,		December 31,
			2013		2012
	Cash held with Deutsche Bank		$	32,133	$	20,388
	Due from affiliate			38,477		83,105
	Loan payable to affiliate			3,479,473		3,539,951
	Interest payable to affiliate			9,941		10,867
	Deutsche Bank provides certain administrative and other support services to the Company, including accounting, development management, procurement and logistics, and legal. The Company was charged $0.1 million and $0.0 million during the three months ended September 30, 2013 and 2012, respectively, for those services. During the nine months ended September 30, 2013 and 2012, the Company was charged $0.1 million and $0.0 million, respectively, for those services.
	On October 21, 2010, the Company entered into an agreement with Nevada Voteco to pay for all expenses relating to Nevada Voteco and the Nevada Voteco members including costs incurred for the services of all advisors and consultants to the extent such costs are reasonable and documented. On behalf of Nevada Voteco, the Company paid $0.2 million for the respective three months ended September 30, 2013 and 2012; and, $0.7 million and $0.8 million during the nine months ended September 30, 2013 and 2012, respectively.
	Effective January 1, 2012, pursuant to broader tax reorganization, the Company became part of a Consolidated Group owned by Deutsche Bank. As of December 31, 2012, the Company had a current tax-effected net operating loss of $83.1 million that will be utilized by the Consolidated Group, which was presented as a receivable from affiliate in the accompanying condensed consolidated balance sheet. During the quarter ended June 30, 2013, the Company was reimbursed for the utilization of its net operating losses in 2012 by the Consolidated Group. In addition, the Company generated $107.0 million ($37.6 million, tax-effected) of net operating losses in the nine months ended September 30, 2013 which are presented as a component of due from affiliate in the accompanying condensed consolidated balance sheet.

Commitments_Contingencies_and_

Commitments, Contingencies and Litigation	9 Months Ended
	Sep. 30, 2013
Commitments, Contingencies and Litigation	'
	12	Commitments, Contingencies and Litigation
	Prior to the issuance of any of its quarterly or annual financial results and for the purposes of accrual and/or disclosure, we analyze each of our material legal proceedings and other contingencies to determine whether an estimate of a probable or reasonably possible loss or range of loss can be made based upon the facts and legal assessment of such matter. During such assessment, we consider all factors that may impact this assessment, including, without limitation, (a) the stage of the proceeding; (b) the damages, penalties and costs sought; (c) the factual matters that remain to be resolved; and (d) the legal principles that are the subject of the proceeding. It is often not possible to estimate the loss or a range of possible loss, particularly where (i) the damages sought are unsubstantiated or indeterminate; (ii) the discovery or other material legal proceedings are incomplete; (iii) the proceedings are in the early stages and there is insufficient information available to assess the viability of the stated grounds; (iv) the matters present legal uncertainties; or (v) there are significant facts in dispute. In such cases, there are considerable uncertainties regarding the resolution of the proceeding, which may preclude the determination of the reasonably possible loss or range or loss.
	Class Action Suits
	a. Wage and Hour
	During late 2012, the Company was put on notice and/or served with two separate purported class action lawsuits related to alleged unpaid compensation for time incurred by CoStars while on Property for donning and doffing of the CoStars required uniform, alleged improper rounding of time for hours worked and various other claims related to alleged unpaid compensation. One of the purported wage and hour class action lawsuits is pending in state court, and one is pending in federal court. These matters are in the preliminary stages of proceedings with meaningful discovery just commencing. No depositions have occurred. No motion to certify a class has been filed in the state court action. A motion to conditionally certify certain classes of employees was filed in the federal court action, but that motion has been denied in part and stayed in part. In addition, substantial questions of law and fact remain unresolved in both cases.
	The Company is in the process of evaluating the lawsuits and cannot at this time determine the potential impact of the lawsuits on the condensed consolidated financial position, cash flows, or the results of operations of the Company, other than the accrued loss contingency discussed below. Specific additional factors applicable to each case that prevent the Company from providing an estimate of reasonably possible loss in excess of amounts accrued or range of loss include, but are not limited to: (1) whether class certification will be granted and the scope of any class or subclass; (2) the quantification of highly variable damages claimed by the purported classes and subclasses asserted in separate, but overlapping litigation are unspecified or indeterminate; and (3) the outcome of any future settlement negotiations, should they occur, as they may apply to limit the class or eliminate all class claims.
	A third purported wage and hour class action was filed in state court in January 2013. The company currently anticipates resolving this action during the fourth quarter of 2013.
	During the second quarter of 2013, as part of its ongoing assessment of the wage and hour cases, the Company accrued an estimated loss contingency of $3.0 million (reported as a corporate operating expense on the condensed consolidated statement of operations). We will continue evaluating the adequacy of this accrual as the cases develop. Legal fees associated with the cases are recognized as incurred when the legal services are rendered, and are, therefore, not recognized as part of the loss contingency accrual.
	On May 7, 2013, the Company was served with a fourth complaint, naming the Company, another Las Vegas Strip property and a vendor of the Company as defendants in a purported wage and hour class action, regarding alleged unpaid wages for time incurred by certain of the vendor’s employees. The Company filed a motion to dismiss, which was granted on September 5, 2013, but the complaint is subject to appeal.
	The Company believes that it has meritorious defenses with respect to these matters and intends to defend its positions vigorously.
	b. Alleged Unlawful Taping/Recording
	A purported class action lawsuit was filed during the quarterly period ended September 30, 2012 in Superior Court in the State of California against the Company, alleging violation of the California Penal Code regarding the unlawful taping or recording of calls. Subsequently, the Company filed a motion to dismiss, or in the alternative, to strike the class allegations. On July 15, 2013, the U.S. District Court for the Southern District of California issued an order denying these Company motions.
	This matter is in the earliest stages of proceedings. Meaningful discovery has not commenced, no depositions have occurred, and no motions to certify a class or subclasses have been filed. Substantial questions of law and fact are unresolved. Specific additional factors applicable to this case that prevent the Company from providing an estimate of reasonably possible loss or range of loss include, but are not limited to: (1) whether class certification will be granted and the scope of any class or subclass; (2) the quantification of highly variable damages claimed by the purported class are unspecified or indeterminate; and (3) the outcome of any future settlement negotiations, should they occur, as they may apply to limit the class or eliminate all class claims. As a result, the Company cannot at this time determine the potential impact of the lawsuit on the consolidated financial position, cash flows, or results of operations of the Company. The Company believes that it has meritorious defenses with respect to this matter and intends to defend its position vigorously
	Given the uncertainty of the procedural and substantive legal and factual matters set forth above, no estimate of the reasonably possible loss or range of loss in excess of amounts accrued, if any, can be made at this time with respect to the wage and hour and alleged unlawful taping/recording purported class action lawsuits, nor can the Company determine when it will be able to make such an estimate. Our assessment of these matters, and any accrued loss contingency, may change based on future unexpected events. An unexpected adverse judgment could cause a material impact on our business operations, results of operations or financial position. Unless otherwise expressly stated, we believe costs associated with litigation will not have a material impact on our financial position or liquidity, but may be material to the results of operations in any given period.
	Commitments and Other Legal Proceedings
	a. Property General Contractor and Other Purchase Obligations
	During 2012, the Company engaged Penta Building Group (“Penta”) to act as the general contractor for certain Property projects. Penta operates under a GMP contract that defines the scope of work to be performed, establishes the budget for the scope of work, and sets the general time scale of the job. Amounts owed to Penta under the GMP contract and related approved change orders are recorded as accounts payable – construction in the condensed consolidated balance sheets.
	As of September 30, 2013, the Company had total construction commitments of $12.4 million.
	Within the Company’s Credit Facility of $3.9 billion from DBCI is a revolving line of credit for $20.0 million reserved for purposes of issuing standby letters of credit. The Company currently maintains three standby letters of credit totaling $2.8 million pursuant to agreements related to insurance, an administrative office lease, utilities and other services. There were no outstanding borrowings against these standby letters of credit as of September 30, 2013.
	b. Condominium Hotel Litigation
	The Company was a named defendant in a number of lawsuits and arbitrations concerning the purchase and sale of condominium hotel units located within the East and West Towers of the Property. The thrust of the claims were virtually the same in every matter. The plaintiffs alleged, among other things, that the project had materially changed and that delays in the completion of the Property constituted a material breach by the Company, thus permitting the plaintiff/purchaser to rescind their contract and receive a full refund of their earnest money deposit, plus interest thereon. The Company was represented in each of these matters by outside legal counsel. Virtually all of the original claims have been settled (through either a series of class action or individual settlements) or litigated to completion through court actions or confidential arbitration proceedings.
	Cumutatively from prior periods and through September 30, 2013, buyers representing 189 condominium hotel units in The Cosmopolitan, respectively, agreed to settle and release their claims against the Company arising under their agreements to purchase the condominium hotel units. Primarily, under the to-date terms of the settlements, buyers of units in the West Tower of The Cosmopolitan received a refund of 50% of their principal earnest money deposits and buyers of units in the East Tower received a refund of 40% of their principal earnest money deposits. The Company retained 50% of the principal deposits, plus 100% of all interest, under the West Tower purchase contracts, and 60% of the principal deposits, plus 100% of all interest, under the East Tower purchase contracts. As a result of settlements occurring during the three and nine months ended September 30, 2012, the Company recognized as net income a net gain of $0.1 million and $12.8 million, respectively. The Company recognized a net gain of $0.0 million and $0.2 million for the three and nine months ended September 30, 2013.
	On or about August 26, 2013, a purported class action lawsuit was filed against the Company in the United States District Court for the Central District of California, captioned Lenny Spangler v. Nevada Property 1 LLC, et al., alleging, among other things, that former class action settlements entered into by the Company with buyers of condominium hotel units in the project were fraudulently induced, and seeking to recover all amounts paid to or retained by the Company in such settlements. On or about October 23, 2013, the Company filed a motion to dismiss the lawsuit or transfer venue to the State of Nevada. This matter is in the earliest stages of proceedings. Discovery has not commenced. Substantial questions of law and facts are unresolved. As a result, the Company cannot at this time determine the potential impact of the lawsuit on the consolidated financial position, cash flows, or results of operations of the Company.
	As of September 30, 2013, there are seven condominium hotel units remaining under contract at The Cosmopolitan. The Company is actively engaged in various arbitration and other dispute resolution proceedings with respect to each of those units. Those proceedings are in varying stages and the Company disputes the allegations made by the buyers in those proceedings and is seeking to recover the deposits paid by such buyers due to their failure to close and perform under their respective purchase contracts. The Company has prevailed in many of the pending arbitrations and is in the process of confirming and enforcing the respective arbitration awards. The Company intends to complete arbitration proceedings against the buyers of the remaining units, who have not agreed to settle and release their claims, on terms acceptable to the Company.
	c. Patent Infringement
	On July 31, 2013, Activision TV, Inc. (“Activision”) filed suit against the Company in the U.S. District Court for the District of Delaware for infringement of various patents owned by Activision relating to digital displays installed at the Property by third-party vendors. This matter is in the earliest stages of proceedings. Discovery has not commenced. Substantial questions of law and fact are unresolved. As a result, the Company cannot at this time determine the potential impact of the lawsuit on the consolidated financial position, cash flows, or results of operations of the Company.
	d. Other Matters
	The Company is also subject to various other ordinary and routine claims and litigation arising in the normal course of business. In the opinion of management, all pending other legal matters are either adequately covered by insurance or, if not insured, will not have a material adverse impact on the consolidated financial position, cash flows, or the results of operations of the Company.

Membership_Interests

Membership Interests	9 Months Ended
	Sep. 30, 2013
Membership Interests	'
	13	Membership Interests
	The Company’s membership interests are comprised of Class A and Class B membership interests. Holders of Class A membership interests are entitled to vote on any matter to be voted upon by the Members. Holders of Class B membership interests have all the economic interests in the Company and, except as provided by law, do not have any right to vote.
	Nevada Voteco holds 100% of the Company’s Class A membership interests and 100% of the Company’s Class B membership interests are held by Nevada Mezz.

Basis_of_Presentation_Principl1

Basis of Presentation, Principles of Consolidation and Summary of Significant Accounting Principles (Policies)	9 Months Ended
	Sep. 30, 2013
Reclassification and Revision	'
	Reclassification and Revision
	Prior to January 1, 2013, on the Company’s consolidated statements of operations, sales expenses were historically classified with hotel expenses; and, marketing expenses were included as a component of general and administrative expenses. Effective January 1, 2013, we now present sales and marketing expenses as a separate line item on the condensed consolidated statements of operations and have reclassified amounts in the prior period statements to conform to current period presentations. This reclassification had no effect on previously reported net loss.
Pre-Opening Expenses	'
	Pre-opening Expenses
	Costs incurred during a development and construction period that are not related to development and construction are included within pre-opening expenses. Such costs include, but are not limited to, direct marketing and advertising of the project prior to opening, consultants hired to assist the Company in the opening of a project, training of new CoStars (the Company identifies its staff as “CoStars” ), payroll for specific CoStars in our non-development and construction groups specifically assigned to the project, the cost of incremental office lease space associated with the project and used by the Company prior to opening, legal and other consulting fees, general and administrative expenses and other non-construction-related expenses.
Use of Estimates	'
	Use of Estimates
	The preparation of unaudited condensed consolidated financial statements in conformity with US 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates used by us include, among other things, the estimated useful lives for depreciable and amortizable assets, the estimated allowance for doubtful accounts receivable, estimated income tax provisions, the evaluation of the future realization of deferred tax assets, determining the adequacy of reserves for self-insured liabilities and the Identity Membership Program (our customer guest reward program), estimated cash flows in assessing the recoverability of long-lived assets and asset impairments, and contingencies and litigation. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Although management believes these estimates are based upon reasonable assumptions within the bounds of its knowledge of the Company’s business and operations, actual results could differ materially from those estimates.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The carrying value of the Company’s cash and cash equivalents, restricted cash, and accounts payable approximates fair value due to their short-term maturities. All of the Company’s debt is held by an affiliate and accrues interest at the three-month London Interbank Offering Rate (“LIBOR”) plus 85 basis points. LIBOR is determined two days in advance of the funding based on publicly available quotes published by Reuters. Interest is calculated on the basis of actual days outstanding over a 360-day year. Given the related party nature of the Company’s debt, it is unlikely that the Company could obtain similar financing on the same terms with a third-party in an arm’s length transaction.
Newly Issued Accounting Pronouncements	'
	Newly Issued Accounting Pronouncements
	In January 2013 the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. ASU 2013-01 clarifies that ordinary trade receivables and receivables are not in the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. ASU No. 2013-01 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. Disclosures required under ASU No. 2013-01 will be applied retrospectively for all comparative periods presented. The adoption of this amendment will impact only the disclosures in the Company’s consolidated financial statements in future periods should the Company obtain any of the financial instruments included within the scope of the pronouncement, e.g., derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions.
	In February 2013 the FASB issued ASU No. 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements, e.g., recognized derivative instruments, bifurcated embedded derivates, etc., for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in US GAAP. ASU No. 2013-04 is effective for fiscal years and interim periods within those years, beginning after December 15, 2013. ASU No. 2013-04 will be applied retrospectively. The Company does not currently have joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date. Should the Company enter into such liability arrangements, the adoption of this amendment will impact only the disclosures in the Company’s consolidated financial statements in future periods.
	In July 2013 the FASB issued ASU No. 2013-11 (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. Previous to the issuance of ASU No. 2013-11, Topic 740 did not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. As such, the objective of ASU No. 2013-11 is to eliminate diversity in financial statement reporting practices. ASU No. 2013-11 is effective for fiscal years and interim periods within those years, beginning after December 15, 2013. The Company believes that it has no uncertain tax position; however there is no assurance that the taxing authorities will not propose adjustments that are different than the Company’s expected outcome and impact the provision for income taxes in future periods.
	No other new accounting pronouncements issued or effective during 2013 or 2012 have had or are expected to have a material impact on the Company’s financial position or results of operations.

Accounts_Receivable_net_Tables

Accounts Receivable, net (Tables)	9 Months Ended
	Sep. 30, 2013
Net Accounts Receivables	'
	Net accounts receivable consist of the following (in thousands):
		September 30,			December 31,
		2013			2012
	Casino	$	31,868		$	36,665
	Hotel		27,013			28,074
	Other		10,400			12,208
			69,281			76,947
	Less: allowance for doubtful accounts		(12,844	)		(8,768	)
		$	56,437		$	68,179

Prepaid_Expenses_and_Other_Cur1

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Prepaid Expenses and Other Current Assets	'
	Prepaid expenses and other current assets consist of the following (in thousands):
		September 30,		December 31,
		2013		2012
	Prepaid expenses	$	11,102	$	15,429
	Other assets		5,126		2,901
		$	16,228	$	18,330

Property_and_Equipment_net_Tab

Property and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2013
Net Property and Equipment	'
	Net property and equipment are stated at the lower of cost or fair value and consist of the following (in thousands):
		September 30,			December 31,
		2013			2012
	Land	$	110,454		$	110,454
	Buildings, buildings and land improvements		2,688,234			2,684,331
	Furniture, fixtures and equipment		481,420			468,489
	Construction in progress		49,758			8,647
	Less: accumulated depreciation		(466,409	)		(334,859	)
		$	2,863,457		$	2,937,062

Accrued_and_Other_Liabilities_

Accrued and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2013
Accrued and Other Liabilities	'
	Accrued and other liabilities consist of the following (in thousands):
		September 30,		December 31,
		2013		2012
	Accrued accounts payable	$	11,315	$	12,050
	Accrued payroll costs		22,078		23,680
	Deposits — patrons		3,086		6,458
	Advance deposits		14,190		11,385
	Chip liability		3,305		4,916
	Other liabilities		27,045		21,967
		$	81,019	$	80,456

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions	'
	The following table sets forth amounts held with, receivable from and payable to affiliates and Deutsche Bank (in thousands):
		September 30,		December 31,
		2013		2012
	Cash held with Deutsche Bank	$	32,133	$	20,388
	Due from affiliate		38,477		83,105
	Loan payable to affiliate		3,479,473		3,539,951
	Interest payable to affiliate		9,941		10,867

Organization_and_Description_o1

Organization and Description of the Business - Additional Information (Detail) (USD $)	1 Months Ended
In Billions, unless otherwise specified	Sep. 03, 2008	Apr. 30, 2004
		acre
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]	'	'
Acres of land purchased by the previous owner	'	8.7
Acquisition of property	$1	'
Acquisition of property date	3-Sep-08	'

Basis_of_Presentation_Principl2

Basis of Presentation, Principles of Consolidation and Summary of Significant Accounting Principles - Additional Information (Detail) (Three Month LIBOR)	9 Months Ended
	Sep. 30, 2013
Three Month LIBOR	'
Basis of Presentation [Line Items]	'
Debt held by affiliates, interest rate	0.85%

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Taxes [Line Items]	'	'	'	'
Effective income tax rates	35.00%	36.10%	35.20%	35.50%

Net_Accounts_Receivables_Detai

Net Accounts Receivables (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts receivable	$69,281	$76,947
Less: allowance for doubtful accounts	-12,844	-8,768
Accounts Receivable, Net, Total	56,437	68,179
Casino	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts receivable	31,868	36,665
Hotel	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts receivable	27,013	28,074
Other	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts receivable	$10,400	$12,208

Prepaid_Expenses_and_Other_Cur2

Prepaid Expenses and Other Current Assets (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Other Assets, Current [Line Items]	'	'
Other Current assets	$16,228	$18,330
Prepaid expenses	'	'
Other Assets, Current [Line Items]	'	'
Other Current assets	11,102	15,429
Other assets	'	'
Other Assets, Current [Line Items]	'	'
Other Current assets	$5,126	$2,901

Net_Property_and_Equipment_Det

Net Property and Equipment (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Land	$110,454	$110,454
Buildings, buildings and land improvements	2,688,234	2,684,331
Furniture, fixtures and equipment	481,420	468,489
Construction in progress	49,758	8,647
Less: accumulated depreciation	-466,409	-334,859
Property and equipment, net	$2,863,457	$2,937,062

Property_and_Equipment_net_Add

Property and Equipment, net - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Property, Plant, and Equipment Disclosure [Line Items]	'	'	'	'
Interest, capitalized	$0.10	$0	$0.10	$0
Depreciation expense	$42.30	$41	$131.60	$123.90

Owner_Controlled_Insurance_Pro1

Owner Controlled Insurance Program - 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
Liability for Future Policy Benefit, by Product Segment [Line Items]	'	'	'	'	'
Loss amount per claim that are covered by traditional insurance program	$500,000	'	$500,000	'	'
Reserve for workers' compensation claims incurred but not reported	2,200,000	'	2,200,000	'	2,400,000
Period for which claims under professional liability remain open	'	'	'10 years	'	'
Owner controlled insurance program	20,800,000	'	20,800,000	'	22,200,000
Interest earned on funds maintained in the loss payout account	0	0	0	0	'
Current year	'	'	'	'	'
Liability for Future Policy Benefit, by Product Segment [Line Items]	'	'	'	'	'
Claims Paid	200,000	1,200,000	300,000	1,800,000	'
Prior fiscal year	'	'	'	'	'
Liability for Future Policy Benefit, by Product Segment [Line Items]	'	'	'	'	'
Claims Paid	0	0	300,000	1,800,000	'
Builders' risk of loss	'	'	'	'	'
Liability for Future Policy Benefit, by Product Segment [Line Items]	'	'	'	'	'
Loss retained by the company	'	'	250,000	'	'
General liability	'	'	'	'	'
Liability for Future Policy Benefit, by Product Segment [Line Items]	'	'	'	'	'
Loss retained by the company	'	'	500,000	'	'
Employer's liability	'	'	'	'	'
Liability for Future Policy Benefit, by Product Segment [Line Items]	'	'	'	'	'
Loss retained by the company	'	'	500,000	'	'
Workers' compensation claims	'	'	'	'	'
Liability for Future Policy Benefit, by Product Segment [Line Items]	'	'	'	'	'
Loss retained by the company	'	'	$500,000	'	'

Restricted_Cash_and_Advance_Co1

Restricted Cash and Advance Condominium Deposits - Additional Information (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Tokes	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash	$0.70	$0.90
Advanced condominium deposits	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash	0.4	0.7
Advanced condominium deposits | Principal Amount	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash	0.4	0.6
Advanced condominium deposits | Interest Amount	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash	$0	$0.10

Accrued_and_Other_Liabilities_1

Accrued and Other Liabilities (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accrued and Other Liabilities [Line Items]	'	'
Accrued accounts payable	$11,315	$12,050
Accrued payroll costs	22,078	23,680
Deposits - patrons	3,086	6,458
Advance deposits	14,190	11,385
Chip liability	3,305	4,916
Other liabilities	27,045	21,967
Accrued and other liabilities	$81,019	$80,456

Loan_Payable_to_Affiliate_Addi

Loan Payable to Affiliate - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Line of Credit Facility [Line Items]	'	'
Credit facility with Deutsche Bank AG Cayman Island Branch ("DBCI")	$3,900,000,000	'
Line of credit expiration date	'December 2015	'
Loan payable to affiliate	3,479,473,000	3,539,951,000
Interest payable to affiliate	$9,941,000	$10,867,000
Weighted-average interest rate	1.12%	'
Deutsche Bank	'	'
Line of Credit Facility [Line Items]	'	'
Borrowings, interest rate margin	0.85%	'

Related_Party_Transactions_Det

Related Party Transactions (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Related Party Transaction [Line Items]	'	'
Cash held with Deutsche Bank	$32,133	$20,388
Due from affiliate	38,477	83,105
Loan payable to affiliate	3,479,473	3,539,951
Interest payable to affiliate	$9,941	$10,867

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
					Consolidated Group
Related Party Transaction [Line Items]	'	'	'	'	'
Management and other fees for services charged to the company	$100,000	$0	$100,000	$0	'
Related party transaction date	'	'	21-Oct-10	'	'
Arrangements with third parties for payment of expenses of affiliates	200,000	200,000	700,000	800,000	'
Net operating loss	-19,950,000	-42,031,000	-77,000,000	-95,379,000	83,100,000
Loss before income taxes	29,842,000	53,789,000	106,952,000	118,728,000	'
Income tax benefit	$10,437,000	$19,435,000	$37,608,000	$42,187,000	'

Commitments_Contingencies_and_1

Commitments, Contingencies and Litigation - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Jun. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Property

Operating Expense

West Tower Purchase Contracts

West Tower Purchase Contracts

West Tower Purchase Contracts

East Tower Purchase Contracts

East Tower Purchase Contracts

East Tower Purchase Contracts

Remaining under Contract at Cosmopolitan

Revolving Line Of Credit

Standby Letters of Credit

Refunded

Retained

Refunded

Retained

Property

CreditFacility

Commitments and Contingencies Disclosure [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued, loss contingencies

'

'

'

'

$3

'

'

'

'

'

'

'

'

'

Construction commitments

12.4

'

12.4

'

'

'

'

'

'

'

'

'

'

'

Line of credit

3,900

'

3,900

'

'

'

'

'

'

'

'

'

20

2.8

Number of letter of credit

'

'

'

'

'

'

'

'

'

'

'

'

'

3

Letters of credit outstanding, amount

'

'

'

'

'

'

'

'

'

'

'

'

'

0

Percentage of principal deposit

'

'

'

'

'

'

50.00%

50.00%

'

40.00%

60.00%

'

'

'

Number of condominium unit

'

'

189

'

'

'

'

'

'

'

'

7

'

'

Percentage of interest retained

'

'

'

'

'

100.00%

'

'

100.00%

'

'

'

'

'

Net settlement gain (loss)

$0

$0.10

$0.20

$12.80

'

'

'

'

'

'

'

'

'

'

Membership_Interests_Additiona

Membership Interests - Additional Information (Detail)	Sep. 30, 2013
Nevada Voteco | Common Class A	'
Class of Stock [Line Items]	'
Common Stock membership interests held	100.00%
Nevada Mezz | Common Class B	'
Class of Stock [Line Items]	'
Common Stock membership interests held	100.00%