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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2013	Feb. 14, 2014	Jun. 30, 2013
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Trading Symbol	WYNN
Entity Registrant Name	WYNN RESORTS LTD
Entity Central Index Key	0001174922
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		101,212,217
Entity Public Float			$ 10,300,000,000

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 2,435,041	$ 1,725,219
Investment securities	174,399	138,887
Receivables, net	241,932	238,573
Inventories	74,739	63,799
Prepaid expenses and other	42,703	35,900
Total current assets	2,968,814	2,202,378
Property and equipment, net	4,934,449	4,727,899
Restricted cash and investment securities	279,925	140,334
Intangibles, net	30,767	31,297
Deferred financing costs, net	67,926	71,189
Deposits and other assets	91,001	99,227
Investment in unconsolidated affiliates	4,148	4,270
Total assets	8,377,030	7,276,594
Current liabilities:
Accounts and construction payables	272,861	164,858
Current portion of long-term debt	1,050	1,050
Current portion of land concession obligation	29,341	27,937
Customer deposits	704,401	544,649
Gaming taxes payable	205,260	163,092
Accrued compensation and benefits	83,769	75,962
Accrued interest	101,442	100,562
Other accrued liabilities	47,739	44,244
Construction retention	3,578	3,826
Deferred income taxes, net	4,035	3,178
Income taxes payable	2,058	2,019
Total current liabilities	1,455,534	1,131,377
Long-term debt	6,586,518	5,781,770
Land concession obligation	46,819	76,186
Other long-term liabilities	141,465	137,830
Deferred income taxes, net	14,343	45,499
Total liabilities	8,244,679	7,172,662
Commitments and contingencies (Note 16)
Stockholders' equity:
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding
Common stock, par value $0.01; 400,000,000 shares authorized; 114,170,493 and 113,730,442 shares issued; 101,192,408 and 100,866,712 shares outstanding	1,142	1,137
Treasury stock, at cost 12,978,085 and 12,863,730 shares	(1,143,419)	(1,127,947)
Additional paid-in capital	888,727	818,821
Accumulated other comprehensive income	2,913	4,177
Retained earnings	66,130	44,775
Total Wynn Resorts, Limited stockholders' deficit	(184,507)	(259,037)
Noncontrolling interest	316,858	362,969
Total equity	132,351	103,932
Total liabilities and stockholders' equity	$ 8,377,030	$ 7,276,594

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2013	Dec. 31, 2012
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	40,000,000	40,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	114,170,493	113,730,442
Common stock, shares outstanding	101,192,408	100,866,712
Treasury stock, shares	12,978,085	12,863,730

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating revenues:
Casino	$ 4,490,637	$ 4,034,759	$ 4,190,507
Rooms	492,230	479,983	472,074
Food and beverage	586,672	588,437	547,735
Entertainment, retail and other	418,705	417,209	414,786
Gross revenues	5,988,244	5,520,388	5,625,102
Less: promotional allowances	(367,308)	(366,104)	(355,310)
Net revenues	5,620,936	5,154,284	5,269,792
Operating costs and expenses:
Casino	2,846,489	2,626,822	2,686,372
Rooms	133,503	126,527	125,286
Food and beverage	323,573	308,394	283,940
Entertainment, retail and other	175,257	189,832	214,435
General and administrative	448,788	441,699	389,053
Provision for doubtful accounts	11,877	18,091	33,778
Pre-opening costs	3,169	466	0
Depreciation and amortization	371,051	373,199	398,039
Property charges and other	17,138	39,978	130,649
Total operating costs and expenses	4,330,845	4,125,008	4,261,552
Operating income	1,290,091	1,029,276	1,008,240
Other income (expense):
Interest income	15,713	12,543	7,654
Interest expense, net of amounts capitalized	(299,022)	(288,759)	(229,918)
Increase in swap fair value	14,235	991	14,151
Loss on extinguishment of debt	(40,435)	(25,151)
Equity in income from unconsolidated affiliates	1,085	1,086	1,472
Other	4,856	3,012	3,968
Other income (expense), net	(303,568)	(296,278)	(202,673)
Income before income taxes	986,523	732,998	805,567
Benefit (provision) for income taxes	17,634	(4,299)	19,546
Net income	1,004,157	728,699	825,113
Less: Net income attributable to noncontrolling interest	(275,505)	(226,663)	(211,742)
Net income attributable to Wynn Resorts, Limited	$ 728,652	$ 502,036	$ 613,371
Net income attributable to Wynn Resorts, Limited:
Basic	$ 7.25	$ 4.87	$ 4.94
Diluted	$ 7.17	$ 4.82	$ 4.88
Weighted average common shares outstanding:
Basic	100,540	103,092	124,039
Diluted	101,641	104,249	125,667

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net income	$ 1,004,157	$ 728,699	$ 825,113
Other comprehensive income:
Foreign currency translation adjustments, net of tax	(2,106)	2,749	2,102
Unrealized gain (loss) on available-for-sale securities, net of tax	319	1,780	(2,070)
Total comprehensive income	1,002,370	733,228	825,145
Less: Comprehensive income attributable to noncontrolling interest	(274,982)	(227,855)	(211,823)
Comprehensive income attributable to Wynn Resorts, Limited	$ 727,388	$ 505,373	$ 613,322

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Wynn Resorts, Ltd	Noncontrolling Interest
Beginning balance at Dec. 31, 2010	$ 2,380,585	$ 1,374	$ (1,119,407)	$ 3,346,050	$ 889	$ 9,042	$ 2,237,948	$ 142,637
Beginning balance (in shares) at Dec. 31, 2010		124,599,508
Net income	825,113					613,371	613,371	211,742
Currency translation adjustment	2,102				1,520		1,520	582
Net unrealized gain (loss) on investments	(2,070)				(1,569)		(1,569)	(501)
Exercise of stock options (in shares)		431,126
Exercise of stock options	23,859	$ 4		23,836			23,840	19
Shares repurchased by the company and held as treasury shares (in shares)		(51,136)
Shares repurchased by the company and held as treasury shares	(7,629)		(7,629)				(7,629)
Issuance of restricted stock (in shares)		101,500
Issuance of restricted stock		$ 1		(1)
Cash dividends declared	(1,034,449)			(226,755)		(586,045)	(812,800)	(221,649)
Excess tax benefits from stock-based compensation	11,176			11,176			11,176
Stock-based compensation	24,767			23,165			23,165	1,602
Ending balance (in shares) at Dec. 31, 2011		125,080,998
Ending balance at Dec. 31, 2011	2,223,454	$ 1,379	(1,127,036)	3,177,471	840	36,368	2,089,022	134,432
Stock redemption, (in shares)		(24,549,222)
Stock redemption	(1,936,443)	$ (245)		(1,936,198)			(1,936,443)
Net income	728,699					502,036	502,036	226,663
Currency translation adjustment	2,749				1,987		1,987	762
Net unrealized gain (loss) on investments	1,780				1,350		1,350	430
Exercise of stock options (in shares)		332,576
Exercise of stock options	15,583	$ 3		15,580			15,583
Cancellation of restricted stock (in shares)		(31,500)
Cancellation of restricted stock
Shares repurchased by the company and held as treasury shares (in shares)	(7,640)	(7,640)
Shares repurchased by the company and held as treasury shares	$ (911)		(911)				(911)
Issuance of restricted stock (in shares)		41,500
Cash dividends declared	(956,359)			(462,730)		(493,629)	(956,359)
Excess tax benefits from stock-based compensation	5,537			5,537			5,537
Stock-based compensation	19,843			19,161			19,161	682
Ending balance (in shares) at Dec. 31, 2012		100,866,712
Ending balance at Dec. 31, 2012	$ 103,932	$ 1,137	(1,127,947)	818,821	4,177	44,775	(259,037)	362,969
Beginning balance (in shares) at Dec. 31, 2012	100,866,712
Net income	$ 1,004,157					728,652	728,652	275,505
Currency translation adjustment	(2,106)				(1,522)		(1,522)	(584)
Net unrealized gain (loss) on investments	319				258		258	61
Exercise of stock options (in shares)		383,151
Exercise of stock options	$ 20,436	$ 5		20,431			20,436
Cancellation of restricted stock (in shares)		(78,500)
Cancellation of restricted stock		$ (1)		1
Shares repurchased by the company and held as treasury shares (in shares)	(114,355)	(114,355)
Shares repurchased by the company and held as treasury shares	$ (15,472)		(15,472)				(15,472)
Issuance of restricted stock (in shares)		135,400
Issuance of restricted stock		$ 1		(1)
Cash dividends declared	(1,029,122)			480		(707,297)	(706,817)	(322,305)
Excess tax benefits from stock-based compensation	10,474			10,474			10,474
Stock-based compensation	39,733			38,521			38,521	1,212
Ending balance (in shares) at Dec. 31, 2013		101,192,408
Ending balance at Dec. 31, 2013	$ 132,351	$ 1,142	$ (1,143,419)	$ 888,727	$ 2,913	$ 66,130	$ (184,507)	$ 316,858

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net income	$ 1,004,157	$ 728,699	$ 825,113
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	371,051	373,199	398,039
Deferred income taxes	(19,826)	(3,655)	(10,822)
Stock-based compensation	39,537	19,648	23,881
Excess tax benefits from stock-based compensation	(12,332)	(5,253)	(11,052)
Amortization and write-offs of deferred financing costs and other	21,453	23,965	19,683
Loss on extinguishment of debt	40,435	25,151
Provision for doubtful accounts	11,877	18,091	33,778
Property charges and other	6,950	36,714	104,223
Equity in income (loss) of unconsolidated affiliates, net of distributions	122	106	(144)
Increase in swap fair value	(14,235)	(991)	(14,151)
Increase (decrease) in cash from changes in:
Receivables, net	(14,875)	(21,019)	(84,653)
Inventories and prepaid expenses and other	(17,749)	3,644	11,168
Accounts payable and accrued expenses	260,077	(12,581)	220,772
Net cash provided by operating activities	1,676,642	1,185,718	1,515,835
Cash flows used in investing activities:
Capital expenditures, net of construction payables and retention	(506,786)	(240,985)	(184,146)
Purchase of corporate debt securities	(222,856)	(183,445)	(316,533)
Proceeds from sale or maturity of corporate debt securities	146,112	216,051	101,017
Restricted cash	(100,709)	(99,163)
Deposits and purchase of other assets	(13,961)	(38,042)	(60,135)
Proceeds from sale of assets	20,620	730	697
Net cash used in investing activities	(677,580)	(344,854)	(459,100)
Cash flows from financing activities:
Proceeds from exercise of stock options	20,436	15,583	23,859
Excess tax benefits from stock-based compensation	12,332	5,253	11,052
Dividends paid	(1,034,986)	(955,493)	(1,033,447)
Proceeds from issuance of long-term debt	1,297,870	1,648,643	150,483
Principal payments on long-term debt	(501,400)	(1,022,847)	(201,901)
Repurchase of common stock	(15,472)	(911)	(7,629)
Interest rate swap settlement		(2,368)
Payments on long-term land concession obligation	(27,917)	(13,449)
Payment of financing costs	(42,006)	(56,890)	(58)
Net cash used in financing activities	(291,143)	(382,479)	(1,057,641)
Effect of exchange rate on cash	1,903	4,247	4,994
Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents	709,822	462,632	4,088
Balance, beginning of year	1,725,219	1,262,587	1,258,499
Balance, end of year	2,435,041	1,725,219	1,262,587
Supplemental cash flow disclosures:
Increase in debt related to the redemption of stock		1,936,443
Cash paid for interest, net of amounts capitalized	284,849	225,499	221,123
Change in property and equipment included in accounts and construction payables	67,650	6,557	13,794
Cash paid for income taxes	2,518	4,547	2,088
Increase in liability for dividends declared on nonvested stock	$ 2,708	$ 866	$ 1,003

Organization

12 Months Ended

Dec. 31, 2013

Organization

1. Organization

Wynn Resorts, Limited, a Nevada corporation (together with its subsidiaries, “Wynn Resorts” or the “Company”) owns 72.3% of Wynn Macau, Limited which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.

Our Macau resort is a resort destination casino with two luxury hotel towers (Wynn Macau and Encore) with a total of 1,008 spacious rooms and suites, approximately 280,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 57,000 square feet of retail space, recreation and leisure facilities, including two health clubs and spas and a pool.

Our Las Vegas operations (Wynn Las Vegas and Encore) feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 186,000 square feet of casino space, 34 food and beverage outlets featuring signature chefs, an on-site 18-hole golf course, meeting space, a Ferrari and Maserati dealership, approximately 96,000 square feet of retail space as well as two showrooms, three nightclubs and a beach club.

In October 2009, Wynn Macau, Limited, an indirect wholly owned subsidiary of the Company, listed its ordinary shares of common stock on The Stock Exchange of Hong Kong Limited. Through an initial public offering, including the over allotment, Wynn Macau, Limited sold 1,437,500,000 shares (27.7%) of this subsidiary’s common stock.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Investments in the 50%-owned joint ventures operating the Ferrari and Maserati automobile dealership and the Brioni mens’ retail clothing store inside Wynn Las Vegas are accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated. Certain amounts in the consolidated financial statements for the previous years have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net income.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Redemption Price Promissory Note

The Company recorded the fair value of the Redemption Price Promissory Note (the “Redemption Note”) of approximately $1.94 billion in accordance with applicable accounting guidance. The Company utilized an independent third party valuation to assist in the determination of this fair value. In determining this fair value, the Company estimated the Redemption Note’s present value using discounted cash flows with a probability weighted expected return for redemption assumptions and a discount rate which included time value and non-performance risk adjustments commensurate with risk of the Redemption Note.

Considerations for the redemption assumptions included the stated maturity of the Redemption Note, uncertainty of the related cash flows as well as potential effects of the following: uncertainties surrounding the potential outcome and timing of pending litigation with Aruze USA, Inc., Universal Entertainment Corporation and Mr. Kazuo Okada (collectively, the “Okada Parties”) (see Note 16—“Commitments and Contingencies”); the outcome of on-going investigations of Aruze USA, Inc. by the United States Attorney’s Office, the U.S. Department of Justice and the Nevada Gaming Control Board; and other potential legal and regulatory actions. In addition, in the furtherance of various future business objectives, the Company considered its ability, at its sole option, to prepay the Redemption Note at any time in accordance with its terms without penalty. Accordingly, the Company reasonably determined that the estimated life of the Redemption Note could be less than the contractual life of the Redemption Note.

In determination of the appropriate discount rate to be used in the estimated present value, the Redemption Note’s subordinated position relative to all other debt in the Company’s capital structure and credit ratings associated with the Company’s traded debt were considered. Observable inputs for the risk free rate based on Federal Reserve rates for U.S. Treasury securities and credit risk spread based on a yield curve index of similarly rated debt were used. As a result of this analysis, the Company concluded the Redemption Notes’ stated rate of 2% approximated a market rate.

Cash and Cash Equivalents

Cash and cash equivalents are comprised of highly liquid investments with original maturities of three months or less and include both U.S. dollar-denominated and foreign currency-denominated securities. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents of $1,349.6 million and $969.2 million at December 31, 2013 and 2012, respectively, were invested in bank time deposits, money market accounts, U.S. treasuries and commercial paper. In addition, the Company held bank deposits and cash on hand of approximately $1,085.4 million and $756 million as of December 31, 2013 and 2012, respectively.

Restricted Cash and Investment Securities

Restricted cash consists primarily of certain proceeds of the Company’s financing activities that are restricted by the agreements governing the Company’s debt instruments for the payment of certain Wynn Palace related construction and development costs. The Company’s long-term restricted cash balances consisted of approximately $199.9 million and $99.2 million at December 31, 2013 and 2012, respectively, substantially all of which were invested in time deposits. In November 2013, the Company used $243 million of current restricted cash for the purpose of redeeming the portion of the 7 7/8% First Mortgage Notes due 2017 of Wynn Las Vegas, LLC (“Wynn Las Vegas”) an indirect wholly owned subsidiary of Wynn Resorts, Limited, that were not tendered in May 2013 in the cash tender offer (the “tender offer”). For more information on the Wynn Las Vegas tender offer, see Note 8—“Long-Term Debt.”

Investment securities consist of short-term and long-term investments in domestic and foreign corporate debt securities and commercial paper. The Company’s investment policy limits the amount of exposure to any one issuer with the objective of minimizing the potential risk of principal loss. Management determines the appropriate classification (held-to-maturity/available-for-sale) of its securities at the time of purchase and reevaluates such designation as of each balance sheet date. The Company’s current investments are reported at fair value, with unrealized gains and losses, net of tax, reported in other comprehensive income. Adjustments are made for amortization of premiums and accretion of discounts to maturity computed under the effective interest method. Such amortization is included in interest income together with realized gains and losses and the stated interest on such securities.

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. At December 31, 2013 and 2012, approximately 86% and 84% of the Company’s markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in these countries could affect the collectability 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. Recoveries of accounts previously written off are recorded when received. An estimated allowance for doubtful accounts is maintained to reduce the Company’s receivables to their 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. In June 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 by $14.9 million and net income attributable to Wynn Resorts, Limited by $12 million (or $0.12 per share on a fully diluted basis for the year ended December 31, 2013). In June 2012, the Company recorded a similar adjustment to its reserve estimates for casino accounts receivable based on the results of historical collection patterns and current collection trends. For the year ended December 31, 2012, this adjustment benefitted operating income by $30.9 million and net income attributable to Wynn Resorts, Limited by $23.3 million (or $0.22 per share on a fully diluted basis).

Inventories

Inventories consist of retail merchandise, 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.

Property and Equipment

Purchases of property and equipment are stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method as follows:


Buildings and improvements		10 to 45 years
Land improvements		10 to 45 years
Leasehold interest in land		25 years
Airplanes		18 to 20 years
Furniture, fixtures and equipment		3 to 20 years

Costs related to improvements are capitalized, while costs of repairs and maintenance are charged to expense as incurred. The cost and accumulated depreciation of property and equipment retired or otherwise disposed of are eliminated from the respective accounts and any resulting gain or loss is included in operations.

Capitalized Interest

The interest cost associated with major development and construction projects is capitalized and included in the cost of the project. Interest capitalization ceases once a project is substantially complete or no longer undergoing construction activities to prepare it for its intended use. When no debt is specifically identified as being incurred in connection with a construction project, the Company capitalizes interest on amounts expended on the project at the Company’s weighted average cost of borrowed money. Interest of $10.5 million and $2 million was capitalized for the years ended December 31, 2013 and 2012, respectively. No interest was capitalized for the year ended December 31, 2011.

Intangibles

The Company’s indefinite-lived intangible assets consist primarily of water rights acquired as part of the original purchase price of the property on which Wynn Las Vegas is located, and trademarks. Indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually. The Company’s finite-lived intangible assets consist primarily of a Macau gaming concession. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives.

Long-Lived Assets

Long-lived assets, which are to be held and used, including intangibles and property and equipment, are periodically reviewed by management for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. If an indicator of impairment exists, the Company compares the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, then impairment is measured as the difference between fair value and carrying value, with fair value typically based on a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs.

Deferred Financing Costs

Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized to interest expense over the terms of the related debt agreements. Approximately $11.2 million, $11 million and $11.6 million were amortized to interest expense during the years ended December 31, 2013, 2012 and 2011, respectively. Debt discounts incurred in connection with the issuance of debt have been capitalized and are being amortized to interest expense using the effective interest method.

Derivative Financial Instruments

The Company seeks to manage its market risk, including interest rate risk associated with variable rate borrowings, through balancing fixed-rate and variable-rate borrowings with the use of derivative financial instruments. The fair value of derivative financial instruments are recognized as assets or liabilities at each balance sheet date, with changes in fair value affecting net income as the Company’s current interest rate swaps do not qualify for hedge accounting. Accordingly, changes in the fair value of the interest rate swaps are presented as an increase (decrease) in swap fair value in the accompanying Consolidated Statements of Income. The differentials paid or received on interest rate swap agreements are recognized as adjustments to interest expense.

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. Cash discounts, other cash incentives related to casino play and commissions rebated through junkets to customers are recorded as a reduction to casino revenue. 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 customer deposits until services are provided to the customer.

Revenues are recognized net of certain sales incentives which are required to be recorded as a reduction of revenue; consequently, the Company’s casino revenues are reduced by discounts, commissions 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. Such amounts are then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Rooms	$	52,585	$	53,487	$	52,019
Food and beverage		112,897		107,882		104,413
Entertainment, retail and other		14,659		17,522		17,017

	$	180,141	$	178,891	$	173,449

Customer Loyalty Program

The Company offers a slot club program whereby customers may earn points based on their level of play that may be redeemed for free credit that must be replayed in the slot machine. The Company accrues a liability based on the points earned times the redemption value, less an estimate for breakage, and records a related reduction in casino revenue.

Slot Machine Jackpots

The Company does not accrue a liability for base jackpots because it has the ability to avoid such payment as slot machines can legally be removed from the gaming floor without payment of the base amount. When the Company is unable to avoid payment of the jackpot (i.e., the incremental amount on a progressive slot machine) due to legal requirements, the jackpot is accrued as the obligation becomes unavoidable. This liability is accrued over the time period in which the incremental progressive jackpot amount is generated with a related reduction in casino revenue.

Gaming Taxes

The Company is subject to taxes based on gross gaming revenue in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes are an assessment on the Company’s gaming revenue and are recorded as an expense within the “Casino” line item in the accompanying Consolidated Statements of Income. These taxes totaled $2 billion, $1.8 billion and $1.9 billion for the years ended December 31, 2013, 2012 and 2011, respectively.

Advertising Costs

The Company expenses advertising costs the first time the advertising takes place. Advertising costs incurred in development periods are included in pre-opening costs. Once a project is completed, advertising costs are primarily included in general and administrative expenses. Total advertising costs were $21.5 million, $23 million and $19.5 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Pre-Opening Costs

Pre-opening costs consist primarily of direct salaries and wages, legal and consulting fees, insurance, utilities and advertising, and are expensed as incurred. During the years ended December 31, 2013 and 2012, the Company incurred pre-opening costs in connection with the design and construction of Wynn Palace in the Cotai area of Macau. There were no pre-opening costs during the year ended December 31, 2011.

Income Taxes

The Company is subject to income taxes in the United States and other foreign jurisdictions where it operates. Accounting standards require the recognition of deferred tax assets, net of applicable reserves, and liabilities for the estimated future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on the income tax provision and deferred tax assets and liabilities is recognized in the results of operations in the period that includes the enactment date. Accounting standards also require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not. Otherwise, a valuation allowance is applied.

The Company’s income tax returns are subject to examination by the IRS and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. The accounting standards prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements.

Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. Recognition (Step I) occurs when the Company concludes that a tax position, based on its technical merits, is more likely than not to be sustained upon examination. Measurement (Step II) is only addressed if the position is deemed to be more likely than not to be sustained. Under Step II, the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. Use of the term “more likely than not” is consistent with how that term is used in accounting for income taxes (i.e., likelihood of occurrence is greater than 50%).

Tax positions failing to qualify for initial recognition are recognized in the first subsequent interim period that they meet the “more likely than not” standard. If it is subsequently determined that a previously recognized tax position no longer meets the “more likely than not” standard, it is required that the tax position is derecognized. Accounting standards for uncertain tax positions specifically prohibit the use of a valuation allowance as a substitute for derecognition of tax positions. As applicable, the Company will recognize accrued penalties and interest related to unrecognized tax benefits in the provision for income taxes.

Currency Translation

Gains or losses from foreign currency remeasurements are included in other income (expense) in the accompanying Consolidated Statements of Income. The results of operations and the balance sheet of Wynn Macau, Limited and its subsidiaries are translated from Macau patacas to U.S. dollars. Balance sheet accounts are translated at the exchange rate in effect at each year-end. Income statement accounts are translated at the average rate of exchange prevailing during the year. Translation adjustments resulting from this process are charged or credited to other comprehensive income.

Comprehensive Income

Comprehensive income includes net income and all other non-stockholder changes in equity, or other comprehensive income. Components of the Company’s comprehensive income are reported in the accompanying Consolidated Statements of Stockholders’ Equity and Consolidated Statements of Comprehensive Income. The cumulative balance of other comprehensive income consists solely of currency translation adjustments and unrealized gain (loss) on available-for-sale securities.

Fair Value Measurements

The Company measures certain of its financial assets and liabilities, such as cash equivalents, available-for-sale securities and interest rate swaps, at fair value on a recurring basis pursuant to accounting standards for fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. These accounting standards establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The following table presents assets and (liabilities) carried at fair value (amounts in thousands):


				Fair Value Measurements Using:
	Total Carrying Value			Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)
As of December 31, 2013
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Cash equivalents	$	1,349,647		$	220,923	$	1,128,724		$	—
Interest rate swaps	$	10,308		$	—	$	10,308		$	—
Restricted cash and available-for-sale securities	$	454,324		$	—	$	454,324		$	—
As of December 31, 2012
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Cash equivalents	$	969,166		$	80,434	$	888,732		$	—
Interest rate swaps	$	(3,938	)	$	—	$	(3,938	)	$	—
Restricted cash and available-for-sale securities	$	279,221		$	—	$	279,221		$	—

As of December 31, 2013 and 2012, approximately 91% and 77% of the Company’s cash equivalents categorized as level 2 were deposits held in foreign currencies, respectively.

Earnings Per Share

Basic earnings per share (“EPS’) is computed by dividing net income attributable to Wynn Resorts, Ltd. by the weighted average number of shares outstanding during the year. Diluted EPS reflects the addition of potentially dilutive securities which for the Company include stock options and nonvested stock.

The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS for the years ended December 31, 2013, 2012 and 2011, consisted of the following (amounts in thousands):


	2013		2012		2011
Weighted average common shares outstanding (used in calculation of basic earnings per share)		100,540		103,092		124,039
Potential dilution from the assumed exercise of stock options and nonvested stock		1,101		1,157		1,628

Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)		101,641		104,249		125,667

Anti-dilutive stock options excluded from the calculation of diluted earnings per share		92		680		610

Net income attributable to Wynn Resorts, Ltd.	$	728,652	$	502,036	$	613,371

Net income attributable to Wynn Resorts, Ltd. per common share, basic	$	7.25	$	4.87	$	4.94

Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$	7.17	$	4.82	$	4.88

Stock-Based Compensation

Accounting standards require the Company to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award and recognize that cost over the service period. The Company uses the Black-Scholes valuation model to determine the estimated fair value for each option grant issued. The Black-Scholes determined fair value net of estimated forfeitures is amortized as compensation cost on a straight line basis over the service period.

Further information on the Company’s stock-based compensation arrangements is included in Note 14—“Benefit Plans”.

Recently Issued Accounting Standards

In July 2013, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update that amends the presentation requirements of an unrecognized tax benefit when a loss or other carryforward exists. The update would require the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax positions. The effective date for this update is for the annual and interim periods beginning after December 15, 2013. The Company is currently evaluating the impact, if any, of adopting this statement on its consolidated financial statements.

In February 2013, the 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 Company has adopted this update; see Note 3—“Accumulated Other Comprehensive Income.”

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 years and interim impairment tests performed for years beginning after September 15, 2012. The adoption of this guidance did not have a material effect on the Company’s financial statements.

Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2013

Accumulated Other Comprehensive Income

3. Accumulated Other Comprehensive Income

The following table presents the changes by component, net of tax and noncontrolling interest, in accumulated other comprehensive income of the Company (amounts in thousands):


	Foreign currency translation			Unrealized (loss) gain on securities			Accumulated other comprehensive income
December 31, 2012	$	4,396		$	(219	)	$	4,177

Current period other comprehensive (loss) gain		(332	)		266			(66	)
Amounts reclassified from accumulated other comprehensive income		(1,190	)		(8	)		(1,198	)

Net current-period other comprehensive (loss) gain .		(1,522	)		258			(1,264	)

December 31, 2013	$	2,874		$	39		$	2,913

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Investment Securities

12 Months Ended

Dec. 31, 2013

Investment Securities

4. Investment Securities

Investment securities consisted of the following (amounts in thousands):


	Available-for-sale securities

	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value (net carrying amount)
December 31, 2013
Domestic and foreign corporate bonds	$	221,418	$	140	$	(124	)	$	221,434
Commercial paper		32,941		16		(3	)		32,954

	$	254,359	$	156	$	(127	)	$	254,388

December 31, 2012
Domestic and foreign corporate bonds	$	161,631	$	94	$	(369	)	$	161,356
Commercial paper		18,704		4		(5	)		18,703

	$	180,335	$	98	$	(374	)	$	180,059

For investments with unrealized losses as of December 31, 2013, the Company has determined that (i) it does not have the intent to sell any of these investments, and (ii) it is not likely that the Company will be required to sell these investments prior to the recovery of the amortized cost. Accordingly, the Company has determined that no other-than-temporary impairments exist at the reporting date.

The Company obtains pricing information in determining the fair value of its available-for-sale securities from independent pricing vendors. Based on management’s inquiries, the pricing vendors use various pricing models consistent with what other market participants would use. The assumptions and inputs used by the pricing vendors are derived from market observable sources including: reported trades, broker/dealer quotes, issuer spreads, benchmark curves, bids, offers and other market-related data. The Company has not made adjustments to such prices. Each quarter, the Company validates the fair value pricing methodology to determine the fair value is consistent with applicable accounting guidance and to confirm that the securities are classified properly in the fair value hierarchy. The Company compares the pricing received from its vendors to independent sources for the same or similar securities.

The amortized cost and estimated fair value of these investment securities at December 31, 2013, by contractual maturity are shown below (amounts in thousands):


	Amortized Cost		Fair value
Available-for-sale securities
Due in one year or less	$	174,439	$	174,399
Due after one year through two years		79,920		79,989

	$	254,359	$	254,388

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

Receivables, net

12 Months Ended

Dec. 31, 2013

Receivables, net

5. Receivables, net

Receivables, net consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Casino	$	252,998		$	275,302
Hotel		15,386			18,227
Retail leases and other		47,539			47,257

		315,923			340,786
Less: allowance for doubtful accounts		(73,991	)		(102,213	)

	$	241,932		$	238,573

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Property and Equipment, net

12 Months Ended

Dec. 31, 2013

Property and Equipment, net

6. Property and Equipment, net

Property and equipment, net consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Land and improvements	$	733,233		$	732,209
Buildings and improvements		3,883,442			3,837,215
Airplanes		135,040			135,392
Furniture, fixtures and equipment		1,686,522			1,646,506
Leasehold interest in land		316,550			316,658
Construction in progress		558,624			110,490

		7,313,411			6,778,470
Less: accumulated depreciation		(2,378,962	)		(2,050,571	)

	$	4,934,449		$	4,727,899

Depreciation expense for the years ended December 31, 2013, 2012 and 2011, was $367.4 million, $367.1 million and $389.8 million, respectively.

Intangibles, net

12 Months Ended

Dec. 31, 2013

Intangibles, net

7. Intangibles, net

Intangibles, net consisted of the following (amounts in thousands):


	Macau Gaming Concession			Show Production Rights			Water Rights		Trademarks		Other		Total Intangibles, Net
January 1, 2012	$	25,018		$	2,934		$	6,400	$	1,399	$	—	$	35,751
Amortization		(2,383	)		(2,071	)		—		—		—		(4,454	)

December 31, 2012		22,635			863			6,400		1,399		—		31,297
Additions		—			—			—		—		2,716		2,716
Amortization		(2,383	)		(863	)		—		—		—		(3,246	)

December 31, 2013	$	20,252		$	—		$	6,400	$	1,399	$	2,716	$	30,767

The Macau gaming concession intangible is being amortized over the 20-year life of the concession. The Company expects that amortization of the Macau gaming concession will be $2.4 million each year from 2014 through 2021, and $1.2 million in 2022.

The water rights and trademarks are indefinite-lived assets and, accordingly, not amortized. Water rights reflect the fair value allocation determined in the purchase of the property on which Wynn Las Vegas is located in April 2000. The value of the trademarks primarily represents the costs to acquire the “Le Rêve” name.

Long-Term Debt

12 Months Ended

Dec. 31, 2013

Long-Term Debt

8. Long-Term Debt

Long-term debt consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Wynn Macau Senior Term Loan Facilities (as amended July 2012), due July 31, 2017 and July 31, 2018; interest at LIBOR or HIBOR plus 1.75%—2.50%, net of original issue discount of $4,900 at December 31, 2013 and $3,737 at December 31, 2012	$	948,028		$	749,433
5 1/4% Wynn Macau, Limited Senior Notes, due October 15, 2021		600,000			—
7 7/8% Wynn Las Vegas First Mortgage Notes, net of original issue discount of $7,384 at December 31, 2012		—			492,616
7 7/8% Wynn Las Vegas First Mortgage Notes, due May 1, 2020, net of original issue discount of $1,463 at December 31, 2013 and $1,632 at December 31, 2012		350,547			350,378
7 3/4% Wynn Las Vegas First Mortgage Notes, due August 15, 2020		1,320,000			1,320,000
5 3/8% Wynn Las Vegas First Mortgage Notes, due March 15, 2022		900,000			900,000
4 1/4% Wynn Las Vegas Senior Notes, due May 30, 2023		500,000			—
Redemption Price Promissory Note with former stockholder and related party, due February 18, 2022; interest at 2%		1,936,443			1,936,443
$42 million Note Payable, due April 1, 2017; interest at LIBOR plus 1.25%		32,550			33,950

		6,587,568			5,782,820
Current portion of long-term debt		(1,050	)		(1,050	)

	$	6,586,518		$	5,781,770

Wynn Macau Credit Facilities

On July 31, 2012, Wynn Resorts (Macau) S.A. (“Wynn Macau”), amended and restated its credit facilities, dated September 14, 2004 (as so amended and restated, the “Amended Wynn Macau Credit Facilities”), and appointed Bank of China Limited, Macau Branch as intercreditor agent, facilities agent and security agent. The Amended Wynn Macau Credit Facilities and related agreements took effect on July 31, 2012 and expand availability under Wynn Macau’s senior secured bank facility to $2.3 billion equivalent, consisting of a $750 million equivalent fully funded senior secured term loan facility and a $1.55 billion equivalent senior secured revolving credit facility. Borrowings under the Amended Wynn Macau Credit Facilities, which consist of both Hong Kong Dollar and United States Dollar tranches, were used to refinance Wynn Macau’s existing indebtedness, and will be used to fund the design, development, construction and pre-opening expenses of Wynn Palace and for general corporate purposes.

The term loan facility matures in July 2018, and the revolving credit facility matures in July 2017. The principal amount of the term loan is required to be repaid in two equal installments in July 2017 and July 2018. The senior secured facilities bear interest for the first six months after closing at LIBOR or HIBOR plus a margin of 2.50% and thereafter will be subject to LIBOR or HIBOR plus a margin of between 1.75% to 2.50% based on Wynn Macau’s leverage ratio.

Borrowings under the Amended Wynn Macau Credit Facilities are guaranteed by Palo Real Estate Company Limited (“Palo”), a subsidiary of Wynn Macau, and by certain subsidiaries of the Company that own equity interests in Wynn Macau, and are secured by substantially all of the assets of Wynn Macau, the equity interests in Wynn Macau and substantially all of the assets of Palo.

In connection with amending the Wynn Macau credit facilities, the Company expensed $17.7 million and capitalized $33.2 million of financing costs in the year ended December 31, 2012.

The Amended Wynn Macau Credit Facilities contain a requirement that Wynn Macau must make mandatory repayments of indebtedness from specified percentages of excess cash flow. If Wynn Macau meets a Consolidated Leverage Ratio, as defined in the Amended Wynn Macau Credit Facilities, of greater than 4.0 to 1, such repayment is defined as 50% of Excess Cash Flow, as defined in the Amended Wynn Macau Credit Facilities. If the Consolidated Leverage Ratio is equal or less than 4.0 to 1, then no repayment is required. Based on current estimates the Company does not believe that the Wynn Macau Consolidated Leverage Ratio during the year ending December 31, 2014 will exceed 4.0 to 1. Accordingly, Wynn Macau does not expect to make any mandatory repayments pursuant to this requirement during 2014.

The Amended Wynn Macau Credit Facilities contain customary covenants restricting certain activities including, but not limited to: the incurrence of additional indebtedness, the incurrence or creation of liens on any of its property, sale and leaseback transactions, the ability to dispose of assets, and making loans or other investments. In addition, Wynn Macau was required by the financial covenants to maintain a Leverage Ratio, as defined in the Amended Wynn Macau Credit Facilities, of not greater than 4.0 to 1 as of December 31, 2013, and an Interest Coverage Ratio, as defined in the Amended Wynn Macau Credit Facilities, of not less than 2.00 to 1. Management believes that Wynn Macau was in compliance with all covenants at December 31, 2013.

In connection with the initial financing of Wynn Macau, Wynn Macau entered into a Bank Guarantee Reimbursement Agreement with Banco Nacional Ultramarino, S.A. (“BNU”) for the benefit of the Macau government. This guarantee assures Wynn Macau’s performance under the casino concession agreement, including the payment of premiums, fines and indemnity for any material failure to perform under the terms of the concession agreement. As of December 31, 2013, the guarantee was in the amount of 300 million Macau patacas (approximately $37 million) and will remain at such amount until 180 days after the end of the term of the concession agreement (2022). BNU, as issuer of the guarantee, is currently secured by a second priority security interest in the senior lender collateral package. From and after repayment of all indebtedness under the Amended Wynn Macau Credit Facilities, Wynn Macau is obligated to promptly, upon demand by BNU, repay any claim made on the guarantee by the Macau government. BNU is paid an annual fee for the guarantee of approximately 5.2 million Macau patacas (approximately $0.7 million).

On July 30, 2013, Wynn Macau exercised its option to increase the senior term loan facility by $200 million equivalent pursuant to the terms and provisions of the Amended Wynn Macau Credit Facilities. The $200 million equivalent was fully funded as of July 31, 2013 and is required to be used for the payment of certain Wynn Palace related construction and development costs. The additional $200 million equivalent will mature on July 31, 2018 and will bear interest at HIBOR plus a margin between 1.75% to 2.50% based on Wynn Macau’s leverage ratio.

As of December 31, 2013, there were no amounts outstanding under the Wynn Macau senior secured revolving credit facility. Accordingly, the Company has availability of $1.55 billion under the Amended Wynn Macau Credit Facilities.

5 1/4% Wynn Macau, Limited Senior Notes due 2021

On October 16, 2013, Wynn Macau, Limited (“WML”), an indirect subsidiary of Wynn Resorts, Limited, entered into an Indenture, dated as of October 16, 2013 (the “WML Indenture”), between WML and Deutsche Bank Trust Company Americas, as trustee, pursuant to which WML issued $600 million aggregate principal amount of 5 1/4% Senior Notes due 2021 (the “2021 Notes”). WML received net proceeds of approximately $591.5 million from the offering of the 2021 Notes after deducting commissions and estimated expenses of the offering and will use the net proceeds for working capital requirements and general corporate purposes.

The 2021 Notes will bear interest at the rate of 5 1/4% per annum and will mature on October 15, 2021. Interest on the 2021 Notes is payable semi-annually in arrears on April 15 and October 15 of each year, beginning on April 15, 2014. At any time on or before October 14, 2016, WML may redeem the 2021 Notes, in whole or in part, at a redemption price equal to the greater of (a) 100% of the aggregate principal amount of the 2021 Notes or (b) a “make-whole” amount as determined by an independent investment banker in accordance with the terms of the WML Indenture, in either case, plus accrued and unpaid interest. In addition, on or after October 15, 2016, WML may redeem the 2021 Notes, in whole or in part, at a premium decreasing annually from 103.938% of the principal amount to zero, plus accrued and unpaid interest. If WML undergoes a Change of Control (as defined in the WML Indenture), it must offer to repurchase the 2021 Notes at a price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest. In addition, the Company may redeem the 2021 Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest, in response to any change in or amendment to certain tax laws or tax positions. Further, if a holder or beneficial owner of the 2021 Notes fails to meet certain requirements imposed by any Gaming Authority (as defined in the WML Indenture), WML may require the holder or beneficial owner to dispose of or redeem its 2021 Notes.

The 2021 Notes are WML’s general unsecured obligations and rank pari passu in right of payment with all of WML’s existing and future senior unsecured indebtedness; will rank senior to all of WML’s future subordinated indebtedness, if any; will be effectively subordinated to all of WML’s future secured indebtedness to the extent of the value of the assets securing such debt; and will be structurally subordinated to all existing and future obligations of WML’s subsidiaries, including Wynn Macau’s existing credit facilities. The 2021 Notes are not registered under the Securities Act of 1933, as amended (the “Securities Act”), and the 2021 Notes are subject to restrictions on transferability and resale.

The WML Indenture contains covenants limiting WML’s (and certain of its subsidiaries’) ability to, among other things: merge or consolidate with another company; transfer or sell all or substantially all of its properties or assets; and lease all or substantially all of its properties or assets. The terms of the WML Indenture contain customary events of default, including, but not limited to: default for 30 days in the payment when due of interest on the 2021 Notes; default in the payment when due of the principal of, or premium, if any, on the 2021 Notes; failure to comply with any payment obligations relating to the repurchase by WML of the 2021 Notes upon a change of control; failure to comply with certain covenants in the WML Indenture; certain defaults on certain other indebtedness; failure to pay judgments against WML or certain subsidiaries that, in the aggregate, exceed $50 million; and certain events of bankruptcy or insolvency. In the case of an event of default arising from certain events of bankruptcy or insolvency, all 2021 Notes then outstanding will become due and payable immediately without further action or notice.

7 7/8% Wynn Las Vegas First Mortgage Notes

In October 2009, Wynn Las Vegas, LLC (“Wynn Las Vegas”), an indirect wholly owned subsidiary of Wynn Resorts, Limited, and Wynn Las Vegas Capital Corp., an indirect wholly owned subsidiary of Wynn Resorts, Limited (together, the “Issuers”) issued, in a private offering, $500 million aggregate principal amount of 7 7/8% first mortgage notes due November 1, 2017 (the “2017 Notes”) at a price of 97.823% of the principal amount. Interest is due on the 2017 Notes on May 1st and November 1st of each year. Commencing November 1, 2013, the 2017 Notes are redeemable at the Issuers’ option at a price equal to 103.938% of the principal amount redeemed and the premium over the principal amount declines ratably on November 1st of each year thereafter to zero on or after November 1, 2015. The 2017 Notes are senior obligations of the Issuers and are unsecured (except by the first priority pledge by Wynn Resorts Holdings, LLC of its equity interests in Wynn Las Vegas, LLC (the “Holdings pledge”)). The Issuers’ obligations under the 2017 Notes rank pari passu in right of payment with the 7 7/8% 2020 Notes (as defined below), the 7 3/4% 2020 Notes (as defined below) and the 2022 Notes (as defined below). The 2017 Notes are not guaranteed by any of the Company’s subsidiaries. If the Issuers undergo a change of control, they must offer to repurchase the 2017 Notes at 101% of the principal amount, plus accrued and unpaid interest. The indenture governing the 2017 Notes contains customary negative covenants and financial covenants, including, but not limited to, covenants that restrict Wynn Las Vegas, LLC’s ability to: pay dividends or distributions or repurchase equity; incur additional debt; make investments; create liens on assets to secure debt; enter into transactions with affiliates; enter into sale-leaseback transactions; merge or consolidate with another company; transfer and sell assets or create dividend and other payment restrictions affecting subsidiaries.

On May 15, 2013, Wynn Las Vegas commenced a cash tender offer (the “tender offer”) for any and all of the outstanding $500 million aggregate principal amount of the 2017 Notes of 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 Consolidated Statements of Income. 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 financing 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 Consolidated Statements of Income.

On November 1, 2013, Wynn Las Vegas 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 and we expensed $4.9 million of unamortized financing costs and original issue discount.

7 7/8% Wynn Las Vegas First Mortgage Notes due 2020

In April 2010, the Issuers issued, in a private offering, $352 million aggregate principal amount of 7 7/8% first mortgage notes due May 1, 2020 (the “7 7/8% 2020 Notes”). The 7 7/8% 2020 Notes were issued pursuant to an exchange offer for previously issued notes that were to mature in December 2014. Interest is due on the 7 7/8% 2020 Notes on May 1st and November 1st of each year. Commencing May 1, 2015, the 7 7/8% 2020 Notes are redeemable at the Issuers’ option at a price equal to 103.938% of the principal amount redeemed and the premium over the principal amount declines ratably on May 1st of each year thereafter to zero on or after May 1, 2018. The 7 7/8% 2020 Notes are senior obligations of the Issuers and are unsecured (except by the Holdings pledge). The Issuers’ obligations under the 7 7/8% 2020 Notes rank pari passu in right of payment with the 7 3/4% 2020 Notes (as defined below), the 2022 Notes (as defined below) and the 2023 Notes (as defined below). The 7 7/8% 2020 Notes are not guaranteed by any of the Company’s subsidiaries. If the Issuers undergo a change of control, they must offer to repurchase the 7 7/8% 2020 Notes at 101% of the principal amount, plus accrued and unpaid interest. The indenture governing the 7 7/8% 2020 Notes contains customary negative covenants and financial covenants, including, but not limited to, covenants that restrict Wynn Las Vegas, LLC’s ability to: pay dividends or distributions or repurchase equity; incur additional debt; make investments; create liens on assets to secure debt; enter into transactions with affiliates; enter into sale-leaseback transactions; merge or consolidate with another company; transfer and sell assets or create dividend and other payment restrictions affecting subsidiaries.

7 3/4% Wynn Las Vegas First Mortgage Notes due 2020

In August 2010, the Issuers issued $1.32 billion aggregate principal amount of 7 3/4% first mortgage notes due August 15, 2020 (the “7 3/4% 2020 Notes”). The 7 3/4% 2020 Notes were issued at par. The 7 3/4% 2020 Notes refinanced a previous notes issue that was to mature in December 2014. Interest is due on the 7 3/4% 2020 Notes on February 15th and August 15th of each year. Commencing August 15, 2015, the 7 3/4% 2020 Notes are redeemable at the Issuers’ option at a price equal to 103.875% of the principal amount redeemed and the premium over the principal amount declines ratably on August 15th of each year thereafter to zero on or after August 15, 2018. The 7 3/4% 2020 Notes are senior obligations of the Issuers and are unsecured (except by the Holdings pledge). The Issuers’ obligations under the 7 3/4% 2020 Notes rank pari passu in right of payment with the 7 7/8% 2020 Notes, the 2022 Notes (as defined below) and the 2023 Notes (as defined below). The 7 3/4% 2020 Notes are not guaranteed by any of the Company’s subsidiaries. If the Issuers undergo a change of control, they must offer to repurchase the 7 3/4% 2020 Notes at 101% of the principal amount, plus accrued and unpaid interest. The indenture governing the 7 3/4% 2020 Notes contains customary negative covenants and financial covenants, including, but not limited to, covenants that restrict Wynn Las Vegas, LLC’s ability to: pay dividends or distributions or repurchase equity; incur additional debt; make investments; create liens on assets to secure debt; enter into transactions with affiliates; enter into sale-leaseback transactions; merge or consolidate with another company; transfer and sell assets or create dividend and other payment restrictions affecting subsidiaries.

5 3/8% Wynn Las Vegas First Mortgage Notes due 2022

In March 2012, the Issuers issued, in a private offering, $900 million aggregate principal amount of 5 3/8% First Mortgage Notes due 2022 (the “2022 Notes”). A portion of the proceeds were used to repay all amounts outstanding under the Wynn Las Vegas term loan facilities. In October 2012, the Issuers commenced an offer to exchange all of the 2022 Notes for notes registered under the Securities Act of 1933, as amended. The exchange offer closed on November 6, 2012. Interest is due on the 2022 Notes on March 15th and September 15th of each year. Commencing March 15, 2017, the 2022 Notes are redeemable at the Issuers’ option at a price equal to 102.688% of the principal amount redeemed and the premium over the principal amount declines ratably on March 15th of each year thereafter to zero on or after March 15, 2020. The 2022 Notes are senior obligations of the Issuers and are unsecured (except by the Holdings pledge). The Issuers’ obligations under the 2022 Notes rank pari passu in right of payment with the 7 7/8% 2020 Notes, the 7 3/4% 2020 Notes and the 2023 Notes (as defined below). The 2022 Notes are not guaranteed by any of the Company’s subsidiaries. If the Issuers undergo a change of control, they must offer to repurchase the 2022 Notes at 101% of the principal amount, plus accrued and unpaid interest. The indenture governing the 2022 Notes contains customary negative covenants and financial covenants, including, but not limited to, covenants that restrict Wynn Las Vegas, LLC’s ability to: pay dividends or distributions or repurchase equity; incur additional debt; make investments; create liens on assets to secure debt; enter into transactions with affiliates; enter into sale-leaseback transactions; merge or consolidate with another company; transfer and sell assets or create dividend and other payment restrictions affecting subsidiaries.

4 1/4% Wynn Las Vegas Senior Notes due 2023

In May 2013, the Issuers completed the issuance of $500 million aggregate principal amount of 4 1/4% 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 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 4 1/4% 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 7 7/8% 2020 Notes, 7 3/4% 2020 Notes and the 2022 Notes and, together with the 7 7/8% 2020 Notes and 7 3/4% 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.

Wynn Las Vegas Credit Facilities

In March 2012, Wynn Las Vegas entered into an eighth amendment (“Amendment No. 8”) to its Amended and Restated Credit Agreement, dated as of August 15, 2006 (as amended, the “Wynn Las Vegas Credit Agreement”). Amendment No. 8 amended the Wynn Las Vegas Credit Agreement to, among other things, permit the issuance of the 2022 Notes. Concurrently with the issuance of the 2022 Notes, Wynn Las Vegas, LLC prepaid all term loans under the Wynn Las Vegas Credit Agreement, terminated all of its revolving credit commitments that were due to expire in 2013, and terminated all but $100 million of its revolving credit commitments expiring in 2015. In connection with this transaction, the Company expensed deferred financing fees of $4.8 million, all related to the Wynn Las Vegas term loan and revolving credit facilities.

In September 2012, Wynn Las Vegas terminated the Wynn Las Vegas Credit Agreement. No loans were outstanding under the Wynn Las Vegas Credit Agreement at the time of termination. Prior to such termination, certain letters of credit in which lenders had participated pursuant to the Wynn Las Vegas Credit Agreement were reallocated to a separate, unsecured letter of credit facility provided by Deutsche Bank, A.G. Wynn Las Vegas did not incur any early termination penalties related to the termination.

In connection with the termination, the Company expensed $2.6 million of previously deferred financing costs and third party fees related to the Wynn Las Vegas Credit Agreement.

Redemption Price Promissory Note

Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, the Company redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. Following a finding of “unsuitability,” Wynn Resorts’ articles of incorporation authorize redemption of the shares held by unsuitable persons at a “fair value” redemption price. The Company engaged an independent financial advisor to assist in the fair value calculation and concluded that a discount to the then current trading price was appropriate because of, among other things, restrictions on most of the shares which were subject to the terms of an existing stockholder agreement. Pursuant to its articles of incorporation, the Company issued the Redemption Note to Aruze USA, Inc., a former stockholder and related party, 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 Company may, in its sole and absolute discretion, at any time and from time to time, and without penalty or premium, prepay the whole or any portion of the principal or interest due under the Redemption Note. In no instance shall any payment obligation under the Redemption Note be accelerated except in the sole and absolute discretion of the Company or as specifically mandated by law. 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 and any of its affiliates in respect of indebtedness for borrowed money of any kind or nature.

The Company recorded the fair value of the Redemption Note of approximately $1.94 billion in accordance with applicable accounting guidance. The Company utilized an independent third party valuation to assist in the determination of this fair value. In determining this fair value, the Company estimated the Redemption Note’s present value using discounted cash flows with a probability weighted expected return for redemption assumptions and a discount rate which included time value and non-performance risk adjustments commensurate with risk of the Redemption Note.

Considerations for the redemption assumptions included the stated maturity of the Redemption Note, uncertainty of the related cash flows as well as potential effects of the following: uncertainties surrounding the potential outcome and timing of pending litigation with the Okada Parties (see Note 16—“Commitments and Contingencies”); the outcome of on-going investigations of Aruze USA, Inc. by the United States Attorney’s Office, the U.S. Department of Justice and the Nevada Gaming Control Board; and other potential legal and regulatory actions. In addition, in the furtherance of various future business objectives, the Company considered its ability, at its sole option, to prepay the Redemption Note at any time in accordance with its terms without penalty. Accordingly, the Company reasonably determined that the estimated life of the Redemption Note could be less than the contractual life of the Redemption Note.

In determination of the appropriate discount rate to be used in the estimated present value, the Redemption Note’s subordinated position relative to all other debt in the Company’s capital structure and credit ratings associated with the Company’s traded debt were considered. Observable inputs for the risk free rate based on Federal Reserve rates for U.S. Treasury securities and credit risk spread based on a yield curve index of similarly rated debt was used. As a result of this analysis, the Company concluded the Redemption Notes’s stated rate of 2% approximated a market rate.

The Okada Parties have challenged the redemption of Aruze USA, Inc.’s shares and the Company is currently involved in litigation with those parties as well as related shareholder derivative litigation. On February 13, 2013, the Okada Parties filed a motion in the Nevada state court asking the court to establish an escrow account (specifically, they asked the court to establish a “disputed ownership fund,” as defined in a federal tax regulation (“DOF”)) to hold the Redemption Note as well as the redeemed shares themselves (although those shares were previously cancelled in February 2012), until the resolution of the redemption action and counterclaim. The Okada Parties subsequently filed reply papers in further support of their motion, in which they narrowed the relief they were seeking, specifically by withdrawing their request that the redeemed shares be placed into the escrow account. On April 17, 2013, the court entered an order granting the Okada Parties’ motion in part as to the narrowed relief outlined in their reply papers. Among other things, the court’s order directed the Okada Parties to establish an escrow account with a third party (without making any ruling as to whether such an account would satisfy the requirements of a DOF) to hold interest payments tendered by the Company on the Redemption Note. The Company is to have no responsibility for fees or costs of the account, and will receive a full release and indemnity related to the account. On each of February 14, 2013 and February 13, 2014, the Company issued checks to Aruze USA, Inc. in the amount of $38.7 million, representing the interest payments due on the Redemption Note at those times. However, as of the date of this report, the checks remain uncashed. The parties engaged in discussions regarding the terms of the escrow agreement contemplated by the court’s order. However, the Okada Parties recently advised of their intent to deposit any checks for interest and principal, past and future, due under the terms of the Redemption Note to the Clerk of the Court for deposit into the Clerk’s Trust Account.

As further discussed in Note 16—“Commitments and Contingencies”, on June 19, 2012, Elaine Wynn responded to the counterclaim and asserted a cross claim against Steve Wynn and Kazuo Okada. The indentures for the Issuers’ 7 7/8% 2020 Notes, 7 3/4% 2020 Notes (the “2020 Indentures”) and the indenture for the Issuers’ 2023 Notes (the “2023 Indenture,” and, together with the 2020 Indentures, the “Indentures”) provide that if Stephen A. Wynn, together with certain related parties, in the aggregate beneficially owns a lesser percentage of the outstanding common stock of the Company than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Stephen A. Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Wynn Las Vegas debt documents. Under the 2020 Indentures, the occurrence of a change of control requires that the Company make an offer 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 (unless the notes have been previously called for redemption). Under the 2023 Indenture, if a change of control occurs and within 60 days after that occurrence the 4 1/4% Senior Notes are rated below investment grade by both rating agencies that rate such notes, the Company is required to make an offer 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 (unless the notes have been previously called for redemption). Mr. Wynn is opposing Ms. Wynn’s cross claim.

The outcome of these various proceedings cannot be predicted. The Company’s claims and the Okada Parties’ counterclaims are in a preliminary 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.

$42 Million Note Payable for Aircraft

On March 30, 2007, World Travel, LLC, a subsidiary of Wynn Las Vegas, entered into a loan agreement with a principal balance of $42 million. The loan is guaranteed by Wynn Las Vegas, LLC and secured by a first priority security interest in one of the Company’s aircraft. Principal payments of $350,000 plus interest are made quarterly with a balloon payment of $28 million due at maturity, April 1, 2017. Interest is calculated at 90-day LIBOR plus 125 basis points.

Fair Value of Long-Term Debt

The estimated fair value of the Company’s long-term debt, excluding the Redemption Note, as of December 31, 2013 and 2012, was approximately $4.8 billion and $4.2 billion, respectively compared to its carrying value of $4.7 billion and $3.9 billion, respectively. The estimated fair value of the Company’s long-term debt, excluding the Redemption Note, is based on recent trades, if available, and indicative pricing from market information (level 2 inputs). See Note 2—“Summary of Significant Accounting Policies” for discussion on the estimated fair value of the Redemption Note.

Scheduled Maturities of Long-Term Debt

Scheduled maturities of long-term debt, including the accretion of debt discounts of $6.4 million, are as follows (amounts in thousands):


Years Ending December 31,
2014	$	1,050
2015		1,400
2016		1,400
2017		405,196
2018		576,432
Thereafter		5,608,453

	$	6,593,931

Interest Rate Swaps

12 Months Ended

Dec. 31, 2013

Interest Rate Swaps

9. Interest Rate Swaps

The Company has entered into floating-for-fixed interest rate swap arrangements in order to manage interest rate risk relating to certain of its debt facilities. These interest rate swap agreements modify the Company’s exposure to interest rate risk by converting a portion of the Company’s floating-rate debt to a fixed rate. These interest rate swaps essentially fix the interest rate at the percentages noted below; however, changes in the fair value of the interest rate swaps for each reporting period have been recorded as an increase/decrease in swap fair value in the accompanying Consolidated Statements of Income, as the interest rate swaps do not qualify for hedge accounting.

The Company utilized Level 2 inputs as described in Note 2—“Summary of Significant Accounting Policies” to determine fair value. The fair value approximates the amount the Company would pay if these contracts were settled at the respective valuation dates. Fair value is estimated based upon current, and predictions of future, interest rate levels along a yield curve, the remaining duration of the instruments and other market conditions, and therefore, is subject to significant estimation and a high degree of variability and fluctuation between periods. The fair value is adjusted, to reflect the impact of credit ratings of the counterparties or the Company, as applicable. These adjustments resulted in a reduction in the fair values as compared to their settlement values. As of December 31, 2013, the interest rate swaps were recorded as an asset of $10.3 million and included in deposits and other assets. As of December 31, 2012, the interest rate swaps were recorded as a liability of $3.9 million and included in other long-term liabilities.

The Company currently has three interest rate swap agreements intended to hedge a portion of the underlying interest rate risk on borrowings under the Amended Wynn Macau Credit Facilities. Under two of the swap agreements, the Company pays a fixed interest rate (excluding the applicable interest margin) of 0.73% on notional amounts corresponding to borrowings of HK$3.95 billion (approximately $509.4 million) incurred under the Amended Wynn Macau Credit Facilities in exchange for receipts on the same amount at a variable interest rate based on the applicable HIBOR at the time of payment. These interest rate swaps fix the all-in interest rate on such amounts at 2.48% to 3.23%. These interest rate swap agreements mature in July 2017.

Under the third swap agreement, the Company pays a fixed interest rate (excluding the applicable interest margin) of 0.6763% on notional amounts corresponding to borrowings of $243.8 million incurred under the Amended Wynn Macau Credit Facilities in exchange for receipts on the same amount at a variable rate based on the applicable LIBOR at the time of payment. This interest rate swap fixes the all-in interest rate on such amounts at 2.4263% to 3.1763%. This interest rate swap agreement matures in July 2017.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Related Party Transactions

12 Months Ended

Dec. 31, 2013

Related Party Transactions

10. Related Party Transactions

Related Party Share Redemption

Based on the Board of Directors’ finding of “unsuitability,” on February 18, 2012, the Company redeemed and cancelled Aruze USA, Inc.’s 24,549,222 shares of Wynn Resorts’ common stock. Following a finding of “unsuitability,” Wynn Resorts’ articles of incorporation authorize redemption of the shares held by unsuitable persons at a “fair value” redemption price. The Company engaged an independent financial advisor to assist in the fair value calculation and concluded that a discount to the then current trading price was appropriate because of, among other things, restrictions on most of the shares which were subject to the terms of an existing stockholder agreement. Pursuant to its articles of incorporation, the Company issued the Redemption Note to Aruze USA, Inc., a former stockholder and related party, in redemption of the shares. Aruze USA, Inc., Universal Entertainment Corporation and Kazuo Okada have challenged the redemption of Aruze USA, Inc.’s shares and we are currently involved in litigation with those parties as well as related shareholder derivative litigation. The outcome of these various proceedings cannot be predicted. The Company’s claims and the Okada Parties’ counterclaims are in a preliminary 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.

Amounts Due to Officers

The Company periodically provides services to Stephen A. Wynn, Chairman of the Board of Directors and Chief Executive Officer (“Mr. Wynn”), and certain other officers and directors of the Company, including the personal use of employees, construction work and other personal services. Mr. Wynn and other officers and directors have deposits with the Company to prepay any such items, which are replenished on an ongoing basis as needed. As of December 31, 2013 and 2012, Mr. Wynn and the other officers and directors had a net deposit balance with the Company of $0.8 million and $1 million, respectively.

Villa Lease

On March 18, 2010, Mr. Wynn and Wynn Las Vegas entered into an Amended and Restated Agreement of Lease (the “Prior SW Lease”) for a villa 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 the Company. The term of the Prior SW Lease commenced as of March 1, 2010 and ran concurrent with Mr. Wynn’s employment agreement with the Company; provided that either party could terminate on 90 days notice. Pursuant to the Prior SW Lease, the rental value of the villa was 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 the Company with the assistance of an independent third-party appraisal.

On November 7, 2013, Mr. Wynn and Wynn Las Vegas entered into a 2013 Second Amended and Restated Agreement of Lease (the “New SW Lease”) amending and restating the Existing SW Lease, effective as of November 5, 2013. The New SW Lease was approved by the Audit Committee of the Board of Directors of Wynn Resorts. Pursuant to the New SW Lease, effective as of November 5, 2013 and ending on February 28, 2015, Mr. Wynn will pay Wynn Las Vegas annual rent for the villa of $525,000, which amount was determined to be the fair market value of the accommodations based on a third-party appraisal and which is consistent with the rental value under the Existing SW Lease. In addition, pursuant to the New SW Lease, the Company pays for all capital improvements to the villa and will reimburse Mr. Wynn for all amounts he previously paid the Company for capital improvements to the villa in 2012 and 2013. The rental value for the villa will be re-determined every two years during the term of the New SW Lease by the Audit Committee. Certain services for, and maintenance of, the villa are included in the rental.

Home Purchase

In May 2010, the Company entered into an employment agreement with Linda Chen, who is the Chief Operating Officer of Wynn Macau. The term of the employment agreement is through February 24, 2020. Under the terms of the employment agreement, the Company purchased a home in Macau for use by Ms. Chen and has made renovations to the home with total costs of $9.4 million through December 31, 2013. Upon the occurrence of certain events set forth below, Ms. Chen has the option to purchase the home at the then fair market value of the home (as determined by an independent appraiser) less a discount equal to ten percentage points multiplied by each anniversary of the term of the agreement that has occurred (the “Discount Percentage”). The option is exercisable for (a) no consideration at the end of the term, (b) $1.00 in the event of termination of Ms. Chen’s employment without “cause” or termination of Ms. Chen’s employment for “good reason” following a “change of control” and (c) at a price based on the applicable Discount Percentage in the event Ms. Chen terminates the agreement due to material breach by the Company. Upon Ms. Chen’s termination for “cause,” Ms. Chen will be deemed to have elected to purchase the Macau home based on the applicable Discount Percentage unless the Company determines to not require Ms. Chen to purchase the home. If Ms. Chen’s employment terminates for any other reason before the expiration of the term (e.g., because of her death or disability or due to revocation of gaming license), the option will terminate.

Plane Option Agreement

On January 3, 2013, the Company 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, the Company granted Mr. Wynn the right to purchase any or all of the aircraft owned by the Company or its direct wholly owned subsidiaries. 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 the Company and Mr. Wynn, which expires in October 2020.

The “Wynn” Surname Rights Agreement

On August 6, 2004, the Company entered into agreements with Mr. Wynn that confirm and clarify the Company’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 the Company 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 the Company 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.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Property Charges and Other

12 Months Ended

Dec. 31, 2013

Property Charges and Other

11. Property Charges and Other

Property charges and other consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Net loss on assets abandoned/retired for remodel or sold	$	7,358	$	29,524	$	19,708
Donation to University of Macau Foundation		3,780		4,083		109,563
Loss on contract termination		6,000		315		—
Loss on show cancellation		—		6,056		1,378

	$	17,138	$	39,978	$	130,649

Property charges and other generally include costs related to the retirement of assets for remodels and asset abandonments. Property charges and other for the year ended December 31, 2013 include fees paid in connection with the termination of a contract, miscellaneous renovations and abandonments at our resorts and entertainment development costs.

Property charges and other for the year ended December 31, 2012 include the remodel of a Las Vegas restaurant, charges associated with the termination of a Las Vegas show that ended its run in November 2012, and miscellaneous renovations and abandonments at our resorts.

Property charges and other for the year ended December 31, 2011 include the present value of a charitable contribution made by Wynn Macau to the University of Macau Development Foundation. 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, for a total of $135 million. The amount reflected in the accompanying Consolidated Statements of Income has been discounted using the Company’s estimated borrowing rate over the time period of the remaining committed payments. In accordance with accounting standards for contributions, subsequent accretion of the discount is being recorded as additional donation expense and included in Property charges and other. Also included are the write off of certain off-site golf memberships by Wynn Las Vegas, miscellaneous renovations and abandonments at the Company’s resorts, including modifications of the Encore at Wynn Las Vegas retail esplanade, closure of the Blush nightclub and the write off of certain costs related to a show that ended its run in Las Vegas in April 2011.

Stockholders' Equity

12 Months Ended

Dec. 31, 2013

Stockholders' Equity

12. Stockholders’ Equity

Common Stock

The Company is authorized to issue up to 400,000,000 shares of its common stock, $0.01 par value per share (the “Common Stock”). As of December 31, 2013 and 2012, 101,192,408 shares and 100,866,712 shares, respectively, of the Company’s Common Stock were outstanding. Except as otherwise provided by the Company’s articles of incorporation or Nevada law, each holder of the Common Stock is entitled to one vote for each share held of record on each matter submitted to a vote of stockholders. Holders of the Common Stock have no cumulative voting, conversion, redemption or preemptive rights or other rights to subscribe for additional shares. Subject to any preferences that may be granted to the holders of the Company’s preferred stock, each holder of Common Stock is entitled to receive ratably such dividends as may be declared by the Board of Directors out of funds legally available therefore, as well as any distributions to the stockholders and, in the event of liquidation, dissolution or winding up of the Company, is entitled to share ratably in all assets of the Company remaining after payment of liabilities.

The Board of Directors of Wynn Resorts has authorized an equity repurchase program of up to $1.7 billion. The repurchase program may include repurchases from time to time through open market purchases or negotiated transactions, depending upon market conditions. As of December 31, 2013, the Company had repurchased a cumulative total of 12,978,085 shares of the Company’s Common Stock for a net cost of $1.1 billion under the program. Under the repurchase program, there were no repurchases made during the years ended December 31, 2013, 2012 and 2011.

During 2013 and 2012, the Company repurchased a total of 114,355 shares and 7,640 shares, respectively, in satisfaction of tax withholding obligations on vested restricted stock.

In February 2013, May 2013, August 2013 and November 2013 the Company paid a dividend of $1.00 per common share as part of a cash dividend program. In December 2013, the Company paid a dividend of $3.00 per common share.

Preferred Stock

The Company is authorized to issue up to 40,000,000 shares of undesignated preferred stock, $0.01 par value per share (the “Preferred Stock”). As of December 31, 2013, the Company had not issued any Preferred Stock. The Board of Directors, without further action by the holders of Common Stock, may designate and issue shares of Preferred Stock in one or more series and may fix or alter the rights, preferences, privileges and restrictions, including the voting rights, redemption provisions (including sinking fund provisions), dividend rights, dividend rates, liquidation rates, liquidation preferences, conversion rights and the description and number of shares constituting any wholly unissued series of Preferred Stock. The issuance of such shares of Preferred Stock could adversely affect the rights of the holders of Common Stock. The issuance of shares of Preferred Stock under certain circumstances could also have the effect of delaying or preventing a change of control of the Company or other corporate action.

Redemption of Securities

Wynn Resorts’ articles of incorporation provide that, to the extent a gaming authority makes a determination of unsuitability or to the extent the Board of Directors determines, in its sole discretion, that a person is likely to jeopardize the Company or any affiliates application for, receipt of, approval for, right to the use of, or entitlement to, any gaming license, Wynn Resorts may redeem shares of its capital stock that are owned or controlled by an unsuitable person or its affiliates. The redemption price will be the amount, if any, required by the gaming authority or, if the gaming authority does not determine the price, the sum deemed by the Board of Directors to be the fair value of the securities to be redeemed. If Wynn Resorts determines the redemption price, the redemption price will be capped at the closing price of the shares on the principal national securities exchange on which the shares are listed on the trading day before the redemption notice is given. If the shares are not listed on a national securities exchange, the redemption price will be capped at the closing sale price of the shares as quoted on The NASDAQ Global Select Market or if the closing price is not reported, the mean between the bid and ask prices, as quoted by any other generally recognized reporting system. Wynn Resorts’ right of redemption is not exclusive of any other rights that it may have or later acquire under any agreement, its bylaws or otherwise. The redemption price may be paid in cash, by promissory note, or both, as required, and pursuant to the terms established by, the applicable Gaming Authority and, if not, as the Board of Directors of Wynn Resorts elects.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Noncontrolling Interest

12 Months Ended

Dec. 31, 2013

Noncontrolling Interest

13. Noncontrolling Interest

In October 2009, Wynn Macau, Limited, an indirect wholly owned subsidiary of the Company and the developer, owner and operator of Wynn Macau, listed its ordinary shares of common stock on The Stock Exchange of Hong Kong Limited. Through an initial public offering, including the over allotment, Wynn Macau, Limited sold 1,437,500,000 shares (27.7%) of this subsidiary’s common stock (the “Wynn Macau Limited IPO”). Proceeds to the Company as a result of this transaction were approximately $1.8 billion, net of transaction costs of approximately $84 million. The shares of Wynn Macau, Limited were not and will not be registered under the Securities Act and may not be offered or sold in the United States absent a registration under the Securities Act, or an applicable exception from such registration requirements. Net income attributable to noncontrolling interest was $275.5 million, $226.7 million and $211.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.

On August 23, 2013, the Wynn Macau, Limited Board of Directors approved a HK$0.50 per share dividend. The total dividend amount was $334.5 million and the Company’s share of this dividend was $241.8 million. A reduction of $92.7 million was made to noncontrolling interest in the accompanying Consolidated Balance Sheets to reflect the payment of this dividend.

On March 28, 2013, the Wynn Macau, Limited Board of Directors approved a HK$1.24 per share dividend. The total dividend amount was $828.6 million and the Company’s share of this dividend was $599.1 million. A reduction of $229.6 million was made to noncontrolling interest in the accompanying Consolidated Balance Sheets to reflect the payment of this dividend.

On November 16, 2011, the Wynn Macau, Limited Board of Directors approved a HK$1.20 per share dividend. The total dividend amount was approximately $800 million and the Company’s share of this dividend was $578.3 million. A reduction of $221.6 million was made to noncontrolling interest in the accompanying Consolidated Balance Sheets to reflect the payment of this dividend.

Benefit Plans

12 Months Ended

Dec. 31, 2013

Benefit Plans

14. Benefit Plans

Employee Savings Plan

The Company established a retirement savings plan under Section 401(k) of the Internal Revenue Code covering its U.S. non-union employees in July 2000. The plan allows employees to defer, within prescribed limits, a percentage of their income on a pre-tax basis through contributions to this plan. On April 30, 2013, the Company announced a 401(k) plan match for the 2013 plan year. For the 2013 plan year, the Company matched 50% of employee contributions, up to 6% of employees’ paychecks, with a one-time annual matching cap of $500 per employee. The company expensed $1.2 million related to this match as of December 31, 2013. The Company suspended matching contributions to this plan effective March 2009 and did not record any expense for matching contributions for the years ended December 31, 2012 and 2011, respectively.

Wynn Macau also operates a defined contribution retirement benefits plan (the “Wynn Macau Plan”). Eligible employees are allowed to contribute 5% of their salary to the Wynn Macau Plan and the Company matches any contributions. The assets of the Wynn Macau Plan are held separately from those of the Company in an independently administered fund. The Company’s matching contributions vest to the employee at 10% per year with full vesting in ten years. Forfeitures of unvested contributions are used to reduce the Company’s liability for its contributions payable. During the years ended December 31, 2013, 2012 and 2011, the Company recorded an expense for matching contributions of $7.5 million, $7.1 million and $6.6 million, respectively.

Multi-employer pension plan

Wynn Las Vegas contributes to a multi-employer defined benefit pension plan for certain of its union employees under the terms of the Southern Nevada Culinary and Bartenders Union collective-bargaining agreement. The collective-bargaining agreement that covers these union-represented employees expires in 2016. The legal name of the multi-employer pension plan is the Southern Nevada Culinary and Bartenders Pension Plan (the “Plan”) (EIN: 88-6016617 Plan Number: 001). The Company recorded an expense of $9 million, $8.6 million and $7.6 million for contributions to the Plan for the years ended December 31, 2013, 2012 and 2011, respectively. For the 2012 plan year, the most recent for which plan data is available, the Company’s contributions were identified by the Plan to exceed 5% of total contributions for that year. Based on information the Company received from the Plan, it was certified to be in neither endangered nor critical status for the 2012 plan year. Risks of participating in a multi-employer plan differs from single-employer plans for the following reasons: (1) assets contributed to a multi-employer plan by one employer may be used to provide benefits to employees of other participating employers; (2) if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; and (3) if a participating employer stops participating, it may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.

Stock-Based Compensation

The Company established the 2002 Stock Incentive Plan (the “WRL Stock Plan”) to provide for the grant of (i) incentive stock options, (ii) compensatory (i.e., nonqualified) stock options, and (iii) nonvested shares of Common Stock of Wynn Resorts, Limited. Employees, directors (whether employee or nonemployee) and independent contractors or consultants of the Company are eligible to participate in the WRL Stock Plan. However, only employees of the Company are eligible to receive incentive stock options.

A maximum of 12,750,000 shares of Common Stock are reserved for issuance under the WRL Stock Plan. As of December 31, 2013, 4,438,524 shares remain available for the grant of stock options or nonvested shares of Common Stock.

Options are granted at the current market price at the date of grant. The WRL Stock Plan provides for a variety of vesting schedules all determined at the time of grant. All options expire ten years from the date of grant.

A summary of option activity under the WRL Stock Plan as of December 31, 2013, and the changes during the year then ended is presented below:


	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2013		2,397,820		$	66.89
Granted		77,800		$	139.54
Exercised		(383,151	)	$	53.34
Forfeited or expired		(486,160	)	$	59.50

Outstanding at December 31, 2013		1,606,309		$	75.89		5.30	$	190,064,746

Fully vested and expected to vest at December 31, 2013		1,546,461		$	75.63		5.31	$	183,393,072

Exercisable at December 31, 2013		181,761		$	69.79		4.93	$	22,614,588

The following information is provided for stock options of the WRL Stock Plan (amounts in thousands, except weighted average grant date fair value):


	Years Ended December 31,
	2013		2012		2011
Weighted average grant date fair value	$	39.93	$	33.03	$	48.31

Intrinsic value of stock options exercised	$	33,830	$	22,416	$	36,776

Net cash proceeds from the exercise of stock options	$	20,436	$	15,583	$	23,789

Tax benefits realized from the exercise of stock options and vesting of restricted stock	$	10,474	$	5,537	$	11,176

As of December 31, 2013, there was a total of $33.4 million of unamortized compensation related to stock options, which is expected to be recognized over the vesting period of the related grants through May 2019.

A summary of the status of the WRL Stock Plan’s nonvested shares as of December 31, 2013 and changes during the year then ended is presented below:


	Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2013		651,500		$	103.27
Granted		135,400			125.56
Vested		(310,900	)		116.85
Forfeited		(78,500	)		131.79

Nonvested at December 31, 2013		397,500		$	113.13

The following information is provided for nonvested stock of the WRL Stock Plan (amounts in thousands, except weighted average grant date fair value):


	Years Ended December 31,
	2013		2012		2011
Weighted average grant date fair value	$	125.56	$	110.04	$	129.55

Fair value of shares vested	$	36,328	$	15,653	$	24,865

Approximately $26.3 million of unamortized compensation cost relating to nonvested shares of Common Stock at December 31, 2013 will be recognized as compensation over the vesting period of the related grants through October 2021.

Wynn Macau, Limited Stock Incentive Plan

The Company’s majority-owned subsidiary Wynn Macau, Limited adopted a stock incentive plan effective September 16, 2009 (the “WML Stock Plan”). The purpose of the WML Stock Plan is to reward participants, which may include directors and employees of Wynn Macau, Limited who have contributed towards enhancing the value of Wynn Macau and its shares. A maximum of 518,750,000 shares have been reserved for issuance under the WML Stock Plan. The Wynn Macau, Limited shares available for issuance under the WML Stock Plan are separate and distinct from the common stock of Wynn Resorts equity compensation plans and are not available for issuance for any awards under any of the Wynn Resorts equity compensation plans.

A summary of option activity under the WML Stock Plan as of December 31, 2013, and the changes during the year then ended is presented below:


	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2013		2,110,000	$	2.15
Granted		800,000	$	3.21
Exercised		—		—

Outstanding at December 31, 2013		2,910,000	$	2.44		7.8	$	6,082,136

Fully vested and expected to vest at December 31, 2013		2,910,000	$	2.44		7.8	$	6,082,136

Exercisable at December 31, 2013		862,000	$	1.95		6.8	$	2,224,036

The following information is provided for stock options of the WML Stock Plan (amounts in thousands, except weighted average grant date fair value):


	Years Ended December 31,
	2013		2012		2011
Weighted average grant date fair value	$	0.78	$	0.78	$	0.75

Intrinsic value of stock options exercised	$	—	$	—	$	99.2

Net cash proceeds from exercise of stock options	$	—	$	—	$	70.2

As of December 31, 2013, there was a total of $0.7 million of unamortized compensation related to stock options, which is expected to be recognized over the vesting period of the related grants through June 2017.

Compensation Cost

The Company uses the Black-Scholes valuation model to determine the estimated fair value for each option grant issued, with highly subjective assumptions, changes in which could materially affect the estimated fair value. Expected volatility is based on implied and historical factors related to the Company’s Common Stock. Expected term represents the weighted average time between the option’s grant date and its exercise date. The risk-free interest rate used for each period presented is based on the U.S. Treasury yield curve for WRL Stock Plan options or the Hong Kong Exchange Fund rates for the WML Stock Plan options at the time of grant for the period equal to the expected term.

The fair value of stock options granted under the WRL Stock Plan was estimated on the date of grant using the following weighted-average assumptions:


	Years Ended December 31,
	2013			2012			2011
Expected dividend yield		3.0	%		4.0	%		4.0	%
Expected stock price volatility		39.4	%		48.8	%		49.7	%
Risk-free interest rate		1.1	%		1.2	%		2.4	%
Expected average life of options (years)		6.7			7.0			6.5

The fair value of stock options granted under the WML Stock Plan was estimated on the date of grant using the following assumptions:


	Years Ended December 31,
	2013			2012			2011
Expected dividend yield		5.0	%		4.0	%		4.0	%
Expected stock price volatility		43.3	%		49.0	%		37.8	%
Risk-free interest rate		0.6	%		0.7	%		2.1	%
Expected average life of options (years)		6.5			6.5			6.5

The total compensation cost for both the WRL Stock Plan and the WML Stock Plan is allocated as follows (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Casino	$	4,791	$	4,794	$	8,997
Rooms		853		313		383
Food and beverage		1,202		178		429
Entertainment, retail and other		477		43		24
General and administrative		32,214		14,320		14,048

Total stock-based compensation expense		39,537		19,648		23,881
Total stock-based compensation capitalized		196		195		886

Total stock-based compensation costs	$	39,733	$	19,843	$	24,767

For the year ended December 31, 2013, the Company recorded a charge in accordance with applicable accounting standards, of approximately $23 million due to the retirement of the Company’s former chief operating officer and the related accelerated vesting of shares previously granted to him.

For the year ended December 31, 2012, the Company reversed stock-based compensation expense allocated to casino operations related to stock options and restricted stock granted in 2008 with an approximate 8 year cliff vest provision that were forfeited during the first quarter of 2012.

Income Taxes

12 Months Ended

Dec. 31, 2013

Income Taxes

15. Income Taxes

Consolidated income (loss) before taxes for domestic and foreign operations consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013			2012			2011
Domestic	$	(9,935	)	$	(87,122	)	$	49,521
Foreign		996,458			820,120			756,046

Total	$	986,523		$	732,998		$	805,567

The Company’s provision (benefit) for income taxes consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013			2012			2011
Current
Federal	$	135		$	5,912		$	—
Foreign		2,057			2,042			(3,386	)

	$	2,192		$	7,954		$	(3,386	)

Deferred
Federal	$	(19,826	)	$	(3,655	)	$	(10,809	)
Foreign		—			—			(5,351	)

		(19,826	)		(3,655	)		(16,160	)

Total	$	(17,634	)	$	4,299		$	(19,546	)

The income tax provision (benefit) differs from that computed at the federal statutory corporate tax rate as follows:


	Years Ended December 31,
	2013			2012			2011
Federal statutory rate		35.0%			35.0%			35.0%
Foreign tax rate differential		(23.1%	)		(25.6%	)		(21.3%	)
Non-taxable foreign income		(13.4%	)		(15.4%	)		(13.0%	)
Foreign tax credits, net of valuation allowance		(89.3%	)		1.7%			(80.8%	)
Repatriation of foreign earnings		87.2%			0.0%			76.3%
Other, net		1.9%			3.6%			0.4%
Valuation allowance, other		(0.1%	)		1.3%			1.0%

Effective tax rate		(1.8%	)		0.6%			(2.4%	)

On November 30, 2010, Wynn Macau received a second 5-year exemption from Macau’s 12% Complementary Tax on casino gaming profits, thereby exempting the casino gaming profits of Wynn Macau through December 31, 2015. Accordingly for the years ended December 31, 2013, 2012, and 2011, the Company was exempted from the payment of $107.3 million, $87.1 million and $82.7 million in such taxes or $1.06, $0.84 and $0.66 per share, respectively. The Company’s non-gaming profits remain subject to the Macau Complementary Tax and its casino winnings remain subject to the Macau Special Gaming tax and other levies in accordance with its concession agreement.

In July of 2011, Wynn Macau received a 5-year extension of its agreement with the Macau Special Administrative Region that provides for an annual payment of MOP $15.5 million (approximately $1.9 million U.S. dollars) as complementary tax otherwise due by shareholders of Wynn Macau on dividend distributions through 2015. As a result of the shareholder dividend tax agreements, income tax expense includes $1.9 million, $1.9 million and $1.9 million for the years ended December 31, 2013, 2012 and 2011, respectively.

The Macau special gaming tax is 35% of gross gaming revenue. U.S. tax laws only allow a foreign tax credit up to 35% of “net” foreign source income. In February 2010, the Company and the IRS entered into a Pre-Filing Agreement (“PFA”) providing that the Macau Special Gaming Tax qualifies as a tax paid in lieu of an income tax and could be claimed as a U.S. foreign tax credit.

During the years ended December 31, 2013 and December 31, 2011, the Company recognized tax benefits of $879.7 million and $647.6 million, respectively (net of valuation allowance and uncertain tax positions), for foreign tax credits generated applicable to the earnings of Wynn Macau. During December 31, 2012, the Company did not repatriate any earnings of Wynn Macau and consequently did not generate foreign tax credits in that year.

Accounting standards require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not. Otherwise, a valuation allowance is applied. During 2013 and 2012, the aggregate valuation allowance for deferred tax assets increased by $755.5 million and $19.1 million, respectively. The 2013 and 2012 increases are primarily related to foreign tax credit carryforwards and other foreign deferred tax assets that are not considered more likely than not realizable.

The Company recorded tax benefits resulting from the exercise of nonqualified stock options and the value of vested restricted stock and accrued dividends of $10.5 million, $5.5 million, and $11.2 million as of December 31, 2013, 2012 and 2011, respectively, in excess of the amounts reported for such items as compensation costs under accounting standards related to stock-based compensation. The Company uses a with-and-without approach to determine if the excess tax deductions associated with compensation costs have reduced income taxes payable.

The tax effects of significant temporary differences representing net deferred tax assets and liabilities consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Deferred tax assets—U.S.:
Current:
Receivables, inventories, accrued liabilities and other	$	36,556		$	38,488
Less: valuation allowance		(34,347	)		(35,386	)

		2,209			3,102

Long-term:
Foreign tax credit carryforwards		2,614,665			1,843,757
Intangibles and related other		26,324			26,773
Stock based compensation		10,736			19,113
Pre-opening costs		12,884			14,584
Other		11,341			12,320

		2,675,950			1,916,547
Less: valuation allowance		(2,514,258	)		(1,762,090	)

		161,692			154,457

Deferred tax liabilities—U.S.:
Current:
Prepaid insurance, maintenance and taxes		(6,243	)		(6,280	)

Long-term:
Property and equipment		(176,036	)		(199,956	)

Deferred tax assets—Foreign:
Current:
Accrued liabilities		164			156
Less: valuation allowance		(164	)		(156	)

		—			—

Long-term:
Net operating loss carryforwards		13,701			17,157
Property and equipment		17,441			11,973
Pre-opening costs		3,040			854
Other		4,074			3,929
Less: valuation allowance		(38,256	)		(33,913	)

		—			—

Net deferred tax liability	$	(18,378	)	$	(48,677	)

As of December 31, 2013, the Company had foreign tax credit carryforwards (net of uncertain tax positions) of $2,615 million. Of this amount, $660.5 million will expire in 2018, $110.9 million will expire in 2019, $530.4 million in 2020, $540.3 million in 2021 and $772.6 million in 2023. The Company has no U.S. tax loss carryforwards. The Company incurred foreign tax losses of $42.4 million, $79.1 million and $70.9 million during the tax years ended December 31, 2013, 2012 and 2011, respectively. These foreign tax loss carryforwards expire in 2016, 2015, and 2014, respectively. The Company incurred a U.S. capital loss of $3.6 million during the year ended December 31, 2011. The U.S. capital loss carryforward will expire in 2016.

In assessing the need for a valuation allowance, the Company does not currently consider forecasted future operating results when scheduling the realization of deferred tax assets and the required valuation allowance but instead relies solely on the reversal of net taxable temporary differences. The valuation allowance for foreign tax credits was determined by scheduling the existing U.S. taxable temporary differences that are expected to reverse and result in “net” foreign source income during the 10-year foreign tax credit carryover period.

As of December 31, 2013 and 2012, the Company had valuation allowances of $2,543 million and $1,786 million, respectively, provided on foreign tax credits expected to expire unutilized and valuation allowances of $5.8 million and $11.1 million provided on other U.S. deferred tax assets. The Company has recorded a valuation allowance against all of its foreign deferred tax assets.

Except for $434 million of accumulated earnings which the Company plans on repatriating, the Company has not provided deferred U.S. income taxes or foreign withholding taxes on temporary differences of $388.1 million and $333.6 million as of December 31, 2013 and 2012, respectively, which are indefinitely reinvested and will be used to fund future operations or expansion. The amount of the unrecognized deferred tax liability associated with these temporary differences is approximately $135.8 million and $116.8 million for the years ended December 31, 2013 and 2012. Deferred income taxes, net of foreign tax credits, are provided for foreign earnings planned for repatriation. For the years ended December 31, 2013 and 2012, the Company repatriated $840.9 million and $0 from Wynn Macau, Limited. The amounts repatriated were used to fund domestic operations, to provide additional U.S. liquidity, and to fund dividends to the Company’s shareholders.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (amounts in thousands):


	As of December 31,
	2013			2012			2011
Balance—beginning of year	$	84,289		$	85,498		$	83,834
Additions based on tax positions of the current year		8,360			8,140			12,427
Additions based on tax positions of prior years		—			—			—
Reductions for tax positions of prior years		—			—			—
Settlements		—			—			—
Lapses in statutes of limitations		(3,105	)		(9,349	)		(10,763	)

Balance—end of year	$	89,544		$	84,289		$	85,498

As of December 31, 2013, 2012, and 2011 unrecognized tax benefits of $60.3 million, $55.2 million, and $60.4 million, respectively, were recorded as reductions to the U.S. foreign tax credit deferred tax asset and the foreign net operating loss deferred tax asset. As of December 31, 2013, 2012, and 2011, unrecognized tax benefits of $29.2 million, $29.1 million and $25.1 million, respectively, were recorded in Other long-term liabilities.

As of December 31, 2013, 2012 and 2011, $20.7 million, $18.8 million and $24.2 million, respectively, of unrecognized tax benefits would, if recognized, impact the effective tax rate.

The Company recognizes penalties and interest related to unrecognized tax benefits in the provision for income taxes. During the years ended December 31, 2013, 2012 and 2011, the Company recognized interest and penalties of $0, $0.3 million and $0.04 million, respectively.

The Company anticipates that the 2009 statute of limitations will expire in the next 12 months for certain foreign tax jurisdictions. Also, the Company’s unrecognized tax benefits include certain income tax accounting methods. These accounting methods govern the timing and deductibility of income tax deductions. As a result, the Company’s unrecognized tax benefits could increase by a range of $0 to $0.5 million over the next 12 months.

The Company files income tax returns in the U.S. federal jurisdiction, various states and foreign jurisdictions. The Company’s income tax returns are subject to examination by the IRS and other tax authorities in the locations where it operates. The Company’s 2002 to 2009 domestic income tax returns remain subject to examination by the IRS to the extent of tax attributes carryforwards to future years. The Company’s 2010 to 2012 domestic income tax returns also remain subject to examination by the IRS. The Company’s 2009 to 2012 Macau income tax returns remain subject to examination by the Macau Financial Services Bureau.

In April 2012, the Company reached an agreement with the Appellate division of the IRS regarding issues raised during the examination of the 2006 through 2009 U.S. income tax returns. The settlement with the Appellate division did not impact the Company’s unrecognized tax benefits. The settlement of the 2006 through 2009 examination issues resulted in a cash tax payment of $1.3 million and the utilization of $3.1 million and $0.9 million in foreign tax credit and general business credit carryforwards, respectively.

During December 2012, the IRS completed an examination of the Company’s 2010 U.S. income tax return and had no changes. In May 2013, the Company received notification that the IRS completed its examination of the Company’s 2011 U.S. income tax return and had no changes.

For tax year 2012, the Company is participating in the IRS Compliance Assurance Program (“CAP”) which accelerates IRS examination of key transactions with the goal of resolving any issues before the taxpayer files its return. The Company believes the IRS will complete their examination of the 2012 tax year in the next 12 months. In March 2013, the Company received notification that it had been selected for the Compliance Maintenance phase of CAP for the 2013 tax year. In the Compliance Maintenance phase, the IRS, at its discretion, may reduce the level of review of the taxpayer’s tax positions based on the complexity and number of issues, and the taxpayer’s history of compliance, cooperation and transparency in the CAP. The Company does not expect a change in its unrecognized tax benefits as a result of the completion of these examinations.

During August 2011, Wynn Macau settled an appeal related to the Macau Financial Services Bureau’s examination of its 2006 and 2007 Macau Complementary Tax returns. As part of the settlement, the Company paid $1.1 million in Macau Complementary tax. As the result of the exam settlement and the expiration of the statute of limitations for the 2006 Macau Complementary tax return, the total amount of unrecognized tax benefits decreased by $10.8 million.

In July 2012, the Macau Financial Services Bureau commenced an examination of the 2008 Macau income tax return of Wynn Macau. In November 2012, the Company received the results of the examination. While no additional tax was due, adjustments were made to the Company’s foreign net operating loss carryforwards.

On December 31, 2013, the statute of limitations for the 2008 Macau Complementary tax return expired. As a result, the Company’s unrecognized tax benefits decreased by $3.1 million.

In January 2013, the Macau Financial Services Bureau examined the 2009 and 2010 Macau income tax returns of Palo, which is a co-holder of the land concession for Wynn Palace. The exam resulted in no change to the tax returns.

In March 2013, the Macau Financial Services Bureau commenced an examination of the 2009, 2010, and 2011 Macau income tax returns of Wynn Macau. Since the examination is in its initial stages, the Company is unable to determine if it will conclude within the next 12 months. The Company believes that its liability for uncertain tax positions is adequate with respect to these years.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies

16. Commitments and Contingencies

Cotai Development and Land Concession Contract

In September 2011, Palo Real Estate Company Limited (“Palo”) and Wynn Macau, each an indirect subsidiary of Wynn Macau Limited, formally accepted the terms and conditions of a draft land concession contract from the Macau government for approximately 51 acres of land in the Cotai area of Macau. On May 2, 2012, the land concession contract was gazetted by the government of Macau evidencing the final step in the granting of the land concession. The initial term of the land concession contract is 25 years from May 2, 2012, and it may be renewed with government approval for successive periods. The total land premium payable, including interest as required by the land concession contract, is $193.4 million. An initial payment of $62.5 million was paid in December 2011, with eight additional semi-annual payments of approximately $16.4 million each (which includes interest at 5%) due beginning November 2012. As of December 31, 2013 and 2012, the Company has recorded this obligation and related asset with $29.3 million and $27.9 million included as a current liability, respectively and $46.8 million and $76.2 million, respectively, included as a long-term liability. The Company is also required to make annual lease payments of $0.8 million during the resort construction period and annual payments of approximately $1.1 million once the development is completed.

The Company is currently constructing Wynn Palace, a full-scale integrated resort containing a 1,700-room hotel, performance lake, meeting space, casino, spa, retail offerings and food and beverage outlets. The total project budget, including construction costs, capitalized interest, pre-opening expenses, land costs and financing fees, is $4 billion. The Company continues to remain on schedule for an opening in the first half of 2016.

On July 29, 2013, Wynn Macau and Palo finalized and executed a guaranteed maximum price construction (“GMP”) contract with Leighton Contractors (Asia) Limited, acting as the general contractor. Under the GMP contract, the general contractor is responsible for both the construction and design of the Wynn Palace project. The general contractor is obligated to substantially complete the project in the first half of 2016 for a guaranteed maximum price of HK$20 billion (approximately $2.57 billion). An early completion bonus for achievement of substantial completion on or before January 25, 2016 will be paid to the general contractor if certain conditions are satisfied under the GMP contract. Both the contract time and guaranteed maximum price are subject to further adjustment under certain specified conditions. The performance of the general contractor is backed by a full completion guarantee given by Leighton Holdings Limited, the parent company of the general contractor, as well as a performance bond for 5% of the guaranteed maximum price.

Leases and other arrangements

The Company is the lessor under several retail leases and has entered into license and distribution agreements for several additional retail outlets. The Company also is a party to joint venture agreements for the operation of one retail outlet and the Ferrari and Maserati automobile dealership at Wynn Las Vegas. The lease agreements include minimum base rents with contingent rental clauses.

The following table presents the future minimum rentals to be received under the operating leases (amounts in thousands):


Years Ending December 31,
2014	$	39,735
2015		40,805
2016		38,276
2017		28,713
2018		5,929
Thereafter		17,220

	$	170,678

The total future minimum rentals do not include contingent rental. Contingent rentals were $101 million, $94 million and $73.2 million for the years ended December 31, 2013, 2012, and 2012, respectively.

In addition, the Company is the lessee under leases for office space in Las Vegas, Macau and certain other locations, warehouse facilities, the land underlying the Company’s aircraft hangar and certain office equipment.

At December 31, 2013, the Company was obligated under non-cancelable operating leases to make future minimum lease payments as follows (amounts in thousands):


Years Ending December 31,
2014	$	8,835
2015		8,556
2016		6,091
2017		1,997
2018		1,393
Thereafter		4,799

	$	31,671

Rent expense for the years ended December 31, 2013, 2012 and 2011, was $21.9 million, $21.5 million and $20.2 million, respectively.

Employment Agreements

The Company has entered into employment agreements with several executive officers, other members of management and certain key employees. These agreements generally have three- to five-year terms and typically indicate a base salary and often contain provisions for discretionary bonuses. Certain of the executives are also entitled to a separation payment if terminated without “cause” or upon voluntary termination of employment for “good reason” following a “change of control” (as these terms are defined in the employment contracts).

Letters of Credit

As of December 31, 2013, the Company had unsecured outstanding letters of credit of $16.7 million.

Litigation

In addition to the actions noted below, the Company’s affiliates are involved in litigation arising in the normal course of business. In the opinion of management, such litigation will not have a material effect on the Company’s financial condition, results of operations or cash flows.

Atlantic-Pacific Capital

On May 3, 2010, Atlantic-Pacific Capital, Inc. (“APC”) filed an arbitration demand with JAMS, a private alternative dispute resolution provider, regarding an agreement with the Company. The action concerns a claim for compensation of approximately $32 million pursuant to an agreement entered into between APC and the Company on or about March 30, 2008, whereby APC was engaged to raise private equity capital for a specific investment vehicle sponsored by the Company. APC is seeking compensation unrelated to the investment vehicle. The Company has denied APC’s claims for compensation. The Company filed a Complaint for Damages and Declaratory Relief against APC in the Eighth Judicial District Court, Clark County, Nevada, on May 10, 2010, which APC removed to the United States District Court, District of Nevada. In March 2011, the District Court denied APC’s motion to compel arbitration, and dismissed the action. APC appealed, and on November 13, 2012, the United States Court of Appeals for the Ninth Circuit reversed the District Court and compelled .arbitration. The arbitration is set for April 2014. An arbitrator has been selected, and the parties have been engaging in discovery. Management believes that APC’s claims against the Company are without merit, and the Company intends to continue to defend this matter vigorously.

Determination of Unsuitability and Redemption of Aruze USA, Inc. and Affiliates

On February 18, 2012, Wynn Resorts’ Gaming Compliance Committee 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 and a former member of the Board of Directors of Wynn Resorts and Wynn Macau, Limited) (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 and while serving as one of the Company’s directors Mr. Okada refused to acknowledge or abide by Wynn Resorts’ anti-bribery policies and refused to participate in the training all other directors have received concerning these policies.

Based on the Freeh Report, the Board of Directors of Wynn Resorts determined that the Okada Parties are “unsuitable persons” under Article VII of the Company’s articles of incorporation. The Board of Directors was unanimous (other than Mr. Okada) in its determination. After authorizing the redemption of the Aruze shares, as discussed below, the Board of Directors took certain actions to protect the Company and its operations from any influence of an unsuitable person, including placing limitations on the provision of certain operating information to unsuitable persons and formation of an Executive Committee of the Board to manage the business and affairs of the Company during the period between each annual meeting. The Charter of the Executive Committee provides that “Unsuitable Persons” are not permitted to serve on the Committee. All members of the Board, other than Mr. Okada, were appointed to the Executive Committee on February 18, 2012. 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. In addition, 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. On February 24, 2012, Mr. Okada was removed from the Board of Directors of Wynn Macau, Limited and on February 22, 2013, he 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. Although the Company has retained the structure of the Executive Committee, the Board has resumed its past role in managing the business and affairs of the Company.

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. The Company engaged an independent financial advisor to assist in the fair value calculation and concluded that a discount to the then current trading price was appropriate because of, among other things, restrictions on most of the shares held by Aruze USA, Inc. under the terms of the Stockholders Agreement (as defined below). Pursuant to its articles of incorporation, Wynn Resorts issued the 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 Company may, in its sole and absolute discretion, at any time and from time to time, and without penalty or premium, prepay the whole or any portion of the principal or interest due under the Redemption Note. In no instance shall any payment obligation under the Redemption Note be accelerated except in the sole and absolute discretion of Wynn Resorts or as specifically mandated by law. 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.

The Company provided the Freeh Report to appropriate regulators and law enforcement agencies and has been 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 the Company 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 Company property and/or otherwise involved the Company in criminal or civil violations could result in actions by regulatory authorities against the Company and its subsidiaries.

Redemption Action and Counterclaim

On February 19, 2012, Wynn Resorts filed a complaint in the Eighth Judicial District Court, Clark County, Nevada against the Okada Parties (as amended, the “Complaint”), alleging breaches of fiduciary duty and related claims (the “Redemption Action”) arising from the activities addressed in the Freeh Report. The Company 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 the Company, each of the members of the Company’s 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. 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 Issuers provide that if Stephen A. Wynn, together with certain related parties, in the aggregate beneficially owns a lesser percentage of the outstanding common stock of the Company than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Stephen A. Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Wynn Las Vegas debt documents. Under the 2020 Indentures, the occurrence of a change of control requires that the Company make an offer 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 (unless the notes have been previously called for redemption). Under the 2023 Indenture, if a change of control occurs and within 60 days after that occurrence the 4 1/4% Senior Notes due 2023 are rated below investment grade by both rating agencies that rate such notes, the Company is required to make an offer 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 (unless the notes have been previously called for redemption). Mr. Wynn is opposing Ms. Wynn’s cross claim.

The Company’s 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 Company executives but otherwise denied the motion. At a hearing held on January 15, 2013, the court denied the Okada Parties’ motion to dismiss the Company’s Complaint. On April 22, 2013, the Company filed a second amended complaint. On August 30, 2013, the Okada Parties filed their third amended Counterclaim. On September 18, 2013, the Company filed a Partial Motion to Dismiss related to a claim in the third amended Counterclaim alleging civil extortion by Mr. Wynn and the Company’s General Counsel. On October 29, 2013, the court granted the motion and dismissed the claim. On November 26, 2013, the Okada Parties filed their fourth amended Counterclaim, and the Company filed an answer to that pleading on December 16, 2013. 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 will necessarily change due to the Stay.

On February 13, 2013, the Okada Parties filed a motion in the Nevada state court asking the court to establish an escrow account (specifically, they asked the court to establish a “disputed ownership fund,” as defined in a federal tax regulation (“DOF”) to hold the Redemption Note as well as the redeemed shares themselves (although those shares were previously cancelled in February 2012), until the resolution of the Redemption Action and Counterclaim. The Okada Parties subsequently filed reply papers in further support of their motion, in which they narrowed the relief they were seeking, specifically by withdrawing their request that the redeemed shares be placed into the escrow account. On April 17, 2013, the court entered an order granting the Okada Parties’ motion in part as to the narrowed relief outlined in their reply papers. Among other things, the court’s order directed the Okada Parties to establish an escrow account with a third party (without making any ruling as to whether such an account would satisfy the requirements of a DOF) to hold interest payments tendered by the Company on the Redemption Note. Per the court’s order, the Company is to have no responsibility for fees or costs of the account, and will receive a full release and indemnity related to the account. On February 14, 2013 and February 13, 2014, the Company issued checks to Aruze USA, Inc. in the amounts of $38.7 million, representing the interest payments due on the Redemption Note at those times. However, as of the date of this report, the checks remain uncashed. The parties engaged in discussions regarding the terms of the escrow agreement contemplated by the court’s order. However, the Okada Parties recently advised of their intent to deposit any checks for interest and principal, past and future, due under the terms of the Redemption Note to the Clerk of the Court for deposit into the Clerk’s Trust Account.

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” the Company’s 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 casino project in the Philippines 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 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 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, expiring May 2, 2014. 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 above.

Subject to the Stay, the Company will continue to vigorously pursue its claims against the Okada Parties, and the Company and the Wynn Parties will continue to vigorously defend against the counterclaims asserted against them. The Company’s 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.

Litigation Commenced by Kazuo Okada

Japan Action:

On August 28, 2012, Mr. Okada, Universal Entertainment Corporation and Okada Holdings (“Okada Japan Parties”) filed a complaint in Tokyo District Court against the Company, all members of the Board of Directors (other than Mr. Okada) and the Company’s General Counsel (the “Wynn Parties”), alleging that the press release issued by the Company with respect to the redemption has damaged plaintiffs’ social evaluation and credibility. The Okada Japan Parties seek damages and legal fees from the Wynn Parties. After asking the Okada Japan Parties to clarify the allegations in their complaint, the Wynn Parties objected to the jurisdiction of the Japanese court. On April 30, 2013, the Wynn Parties filed a memorandum in support of their jurisdictional position. On October 21, 2013, the court dismissed the action on jurisdictional grounds. On November 1, 2013, the Okada Japan Parties filed an appeal moving the matter to the Tokyo High Court. An informal hearing on the matter has been scheduled for February 27, 2014.

Indemnification Action:

On March 20, 2013, Mr. Okada filed a complaint against the Company in Nevada state court for indemnification under the Company’s Articles, bylaws and agreements with its directors. The complaint seeks advancement of Mr. Okada’s costs and expenses (including attorney’s fees) incurred pursuant to the various legal proceedings and related regulatory investigations described above. The Company believes there is no basis for the relief requested in the complaint and intends to vigorously defend against this matter. The Company’s answer and counterclaim was filed on April 15, 2013. The counterclaim names each of the Okada Parties as defendants and seeks indemnification under the Company’s Articles for costs and expenses (including attorney’s fees) incurred pursuant to the various legal proceedings and related regulatory investigations described above. On April 30, 2013, Mr. Okada filed his reply to the counterclaim.

On June 14, 2013, Mr. Okada filed a motion for partial summary judgment that he was entitled to advancement of his expenses incurred in the various proceedings and investigations. Mr. Okada also filed a special motion to dismiss, arguing that the Company’s counterclaims seek to infringe upon Mr. Okada’s right to petition the court, and constitute a strategic lawsuit against public policy. The Company’s counterclaims seek only to enforce Wynn Resorts’ contractual right to indemnity under Article VII, Section 4 of the Company’s Articles. At a hearing on August 1, 2013, the court denied both motions and provided for limited discovery (i.e., discovery that does not implicate any of the issues subject to the Stay entered in the Redemption Action). 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 (90) days.

On August 22, 2013, the Company noticed Mr. Okada’s deposition for September 16, 2013. Mr. Okada filed a motion for protective order seeking to vacate his deposition, arguing that he did not have any information relevant to his claims for advancement of fees and/or indemnity that he asserted against the Company. On October 18, 2013, after a full briefing by the parties, the court denied Mr. Okada’s motion and entered an order stating that Mr. Okada’s deposition testimony is relevant to the claims he asserted against the Company, that Mr. Okada may not designate someone else to testify on his behalf, and that the Company may sequence discovery in the action as it chooses. On February 4, 2014, the court entered an order on the parties’ stipulation that: (1) dismissed Okada’s claims asserted against the Company in that action (i.e., all Okada’s claims that relate to advancement); (2) reserved Okada’s right to assert, in the future, any claims for indemnity following the resolution of the Redemption Action; and (3) stayed the claims asserted by the Company against Okada in that action pending the resolution of the Redemption Action.

Management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or the range of reasonably possible loss, if any.

Related Investigations and Derivative Litigation

Investigations:

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 the Company’s donation to the University of Macau discussed above. The Company has not received any target letter or subpoena in connection with such an investigation. The Company 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 the Company’s 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 Company’s donation to the University of Macau. While the Company believes that it is in full compliance with all applicable laws, any such investigations could result in actions by regulators against the Company.

Derivative Claims:

Six derivative actions were commenced against the Company and all members of its Board of Directors: four in the United States District Court, District of Nevada, and two in the Eighth Judicial District Court of Clark County, Nevada.

The four federal actions brought by the following plaintiffs have been consolidated: (1) The Louisiana Municipal Police Employees’ Retirement System, (2) Maryanne Solak, (3) Excavators Union Local 731 Welfare Fund, and (4) Boilermakers Lodge No. 154 Retirement Fund (collectively, the “Federal Plaintiffs”).

The Federal Plaintiffs filed a consolidated complaint on August 6, 2012, asserting claims for: (1) breach of fiduciary duty; (2) waste of corporate assets; (3) injunctive relief; and (4) unjust enrichment. The claims are against the Company and all Company directors, including Mr. Okada, however, the plaintiffs voluntarily dismissed Mr. Okada as a defendant in this consolidated action on September 27, 2012. The Federal Plaintiffs claim that the individual defendants breached their fiduciary duties and wasted assets by: (a) failing to ensure the Company’s officers and directors complied with federal and state laws and the Company’s Code of Conduct; (b) voting to allow the Company’s subsidiary to make the donation to the University of Macau; and (c) redeeming Aruze USA, Inc.’s stock such that the Company incurs the debt associated with the redemption. The Federal Plaintiffs seek unspecified compensatory damages, restitution in the form of disgorgement, reformation of corporate governance procedures, an injunction against all future payments related to the donation/pledge, and all fees (attorneys, accountants, and experts) and costs. The directors responded to the consolidated complaint by filing a motion to dismiss on September 14, 2012. On February 1, 2013, the federal court dismissed the complaint for failure to plead adequately the futility of a pre-suit demand on the Board. The dismissal was without prejudice to the Federal Plaintiffs’ ability to file a motion within 30 days seeking leave to file an amended complaint. On April 9, 2013, the Federal Plaintiffs filed their amended complaint. The Company and the directors filed their motion to dismiss the amended complaint on May 23, 2013. The Federal Plaintiffs filed their opposition on July 8, 2013, and the Company and directors filed their reply on August 8, 2013. The court has not yet ruled on this motion.

The two state court actions brought by the following plaintiffs have also been consolidated: (1) IBEW Local 98 Pension Fund and (2) Danny Hinson (collectively, the “State Plaintiffs”). Through a coordination of efforts by all parties, the directors and the Company (a nominal defendant) have been served in all of the actions. The State Plaintiffs filed a consolidated complaint on July 20, 2012 asserting claims for (1) breach of fiduciary duty; (2) abuse of control; (3) gross mismanagement; and (4) unjust enrichment. The claims are against the Company and all Company directors, including Mr. Okada, as well as the Company’s Chief Financial Officer, who signs financial disclosures filed with the SEC. The State Plaintiffs claim that the individual defendants failed to disclose to the Company’s stockholders the investigation into, and the dispute with director Okada as well as the alleged potential violations of the FCPA related to, the University of Macau Development Foundation donation. The State Plaintiffs seek unspecified monetary damages (compensatory and punitive), disgorgement, reformation of corporate governance procedures, an order directing the Company to internally investigate the donation, as well as attorneys’ fees and costs. On October 13, 2012, the court entered the parties’ stipulation providing for a stay of the state derivative action for 90 days, subject to the parties’ obligation to monitor the progress of the pending litigation, discussed above, between Wynn Resorts (among others) and Mr. Okada (among others). Per the stipulation, Wynn Resorts and the individual defendants were not required to respond to the consolidated complaint while the stay remained in effect. Following the expiration of the stay, the State Plaintiffs advised the Company and the individual defendants that they intended to resume the action by filing an amended complaint, which they did, on April 26, 2013. The Company and directors filed their motion to dismiss on June 10, 2013. However, on July 31, 2013, the parties agreed to a stipulation that was submitted to, and approved by the court. The stipulation contemplates a stay of the consolidated state court derivative action of equal duration as the Stay entered by the court in the Redemption Action. On February 5, 2014, the court entered a new stipulation between the parties that provides for a further stay of the state derivative action and directs the parties, within 30 days of the conclusion of the stay in the Redemption Action, to discuss how the state derivative action should proceed and to file a joint report with the court.

The individual defendants are vigorously defending against the claims pleaded against them in these derivative actions. We are unable to predict the outcome of these litigations at this time. Management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or the range of reasonably possible loss, if any.

Segment Information

12 Months Ended

Dec. 31, 2013

Segment Information

17. Segment Information

The Company monitors its operations and evaluates earnings by reviewing the assets and operations of its Las Vegas Operations and its Macau Operations. The Company’s total assets and capital expenditures by segment consisted of the following (amounts in thousands):


	As of December 31,
	2013		2012
Assets
Macau Operations	$	3,918,163	$	3,004,658
Las Vegas Operations		3,576,649		3,669,881
Corporate and other		882,218		602,055

	$	8,377,030	$	7,276,594


	Years ended December 31,
	2013		2012
Capital expenditures
Macau Operations	$	442,274	$	189,384
Las Vegas Operations		63,872		41,552
Corporate and other		640		10,049

	$	506,786	$	240,985

The Company’s results of operations by segment for the years ended December 31, 2013, 2012 and 2011 consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013			2012			2011
Net revenues
Macau Operations	$	4,040,526		$	3,667,454		$	3,789,073
Las Vegas Operations		1,580,410			1,486,830			1,480,719

Total	$	5,620,936		$	5,154,284		$	5,269,792

Adjusted Property EBITDA(1)
Macau Operations	$	1,324,119		$	1,167,340		$	1,196,232
Las Vegas Operations		486,682			408,472			439,036

Total		1,810,801			1,575,812			1,635,268

Other operating costs and expenses
Pre-opening costs		3,169			466			—
Depreciation and amortization		371,051			373,199			398,039
Property charges and other		17,138			39,978			130,649
Corporate expenses and other		128,267			131,807			96,868
Equity in income from unconsolidated affiliates		1,085			1,086			1,472

Total other operating costs and expenses		520,710			546,536			627,028

Operating income		1,290,091			1,029,276			1,008,240

Other non-operating costs and expenses
Interest income		15,713			12,543			7,654
Interest expense, net of amounts capitalized		(299,022	)		(288,759	)		(229,918	)
Increase in swap fair value		14,235			991			14,151
Loss from extinguishment of debt		(40,435	)		(25,151	)		—
Equity in income from unconsolidated affiliates		1,085			1,086			1,472
Other		4,856			3,012			3,968

Total other non-operating costs and expenses		(303,568	)		(296,278	)		(202,673	)

Income before income taxes		986,523			732,998			805,567
Benefit (provision) for income taxes		17,634			(4,299	)		19,546

Net income	$	1,004,157		$	728,699		$	825,113

(1)

“Adjusted Property EBITDA” is earnings before interest, taxes, depreciation, amortization, pre-opening costs, property charges and other, corporate expenses, intercompany golf course and water rights leases, stock-based compensation, and other non-operating income and expenses and includes equity in income from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors. The Company also presents Adjusted Property EBITDA because it is used by some investors as a way to measure a company’s ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to financial measures in accordance with U.S. generally accepted accounting principles (“GAAP”). In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including Wynn Resorts, Limited, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, which do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of the Company’s performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, Wynn Resorts’ calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Quarterly Financial Information

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information

18. Quarterly Financial Information (Unaudited)

The following tables (amounts in thousands, except per share data) present selected quarterly financial information for 2013 and 2012, as previously reported. Because income per share amounts are calculated using the weighted average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total income per share amounts for the year.


	Year Ended December 31, 2013
	First		Second		Third		Fourth		Year
Net revenues	$	1,378,654	$	1,332,273	$	1,390,112	$	1,519,897	$	5,620,936
Operating income		333,648		274,024		313,978		368,441		1,290,091
Net income		272,144		192,716		248,811		290,486		1,004,157
Net income attributable to Wynn Resorts, Limited		202,963		129,785		182,020		213,884		728,652
Basic income per share	$	2.02	$	1.29	$	1.81	$	2.12	$	7.25
Diluted income per share	$	2.00	$	1.28	$	1.79	$	2.10	$	7.17


	Year Ended December 31, 2012
	First		Second		Third		Fourth		Year
Net revenues	$	1,313,498	$	1,253,207	$	1,298,495	$	1,289,084	$	5,154,284
Operating income		260,099		264,123		247,092		257,962		1,029,276
Net income		198,409		199,293		165,171		165,826		728,699
Net income attributable to Wynn Resorts, Limited		140,564		138,064		112,035		111,373		502,036
Basic income per share	$	1.25	$	1.38	$	1.12	$	1.11	$	4.87
Diluted income per share	$	1.23	$	1.37	$	1.11	$	1.10	$	4.82

Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2013
Subsequent Event	19. Subsequent Event On January 30, 2014, the Company announced a cash dividend of $1.25 per share, payable on February 27, 2014 to stockholders of record as of February 13, 2014.

Condensed Financial Statements (Parent Company Only)

12 Months Ended

Dec. 31, 2013

Condensed Financial Statements (Parent Company Only)

WYNN RESORTS, LIMITED

(Parent Company Only)

CONDENSED BALANCE SHEETS

(amounts in thousands, except share data)


	December 31,
	2013			2012
ASSETS
Current assets:
Cash and cash equivalents	$	299,716		$	179,939
Investment securities		169,496			89,155
Receivables		1,804			1,328
Prepaid expenses		3,165			2,698

Total current assets		474,181			273,120
Property and equipment, net		11,314			11,737
Investment securities		79,989			36,484
Other assets		33,787			33,682
Due from subsidiaries		298,410			232,400
Investment in subsidiaries		1,269,696			1,586,186

Total assets	$	2,167,377		$	2,173,609


LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	334		$	171
Accrued compensation and benefits		1,326			1,796
Interest payable		33,636			33,650
Other accrued liabilities		4,865			3,750
Deferred income taxes, net		4,034			3,178

Total current liabilities		44,195			42,545
Long-term debt		1,936,443			1,936,443
Other long-term liabilities		10,770			16,051
Uncertain tax position liability		29,275			29,139
Deferred income taxes, net		14,343			45,499

Total liabilities		2,035,026			2,069,677


Commitments and contingencies (Note 2)

Stockholders’ equity:
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding		—			—
Common stock, par value $0.01; 400,000,000 shares authorized; 114,170,493 and 113,730,442 shares issued; and, 101,192,408 and 100,866,712 shares outstanding		1,142			1,137
Treasury stock, at cost; 12,978,085 and 12,863,730 shares		(1,143,419	)		(1,127,947	)
Additional paid-in capital		888,727			818,821
Accumulated other comprehensive income		2,913			4,177
Retained earnings		66,130			44,775

Total Wynn Resorts, Limited stockholders’ deficit		(184,507	)		(259,037	)
Noncontrolling interest		316,858			362,969

Total equity		132,351			103,932

Total liabilities and stockholders’ equity	$	2,167,377		$	2,173,609

The accompanying notes are an integral part of these condensed financial statements.

WYNN RESORTS, LIMITED

(Parent Company Only)

CONDENSED STATEMENTS OF INCOME

(amounts in thousands, except per share data)


	Years Ended December 31,
	2013			2012			2011
Operating revenues:
Wynn Las Vegas management fees	$	23,721		$	22,318		$	22,229
Wynn Macau royalty fees		160,923			147,101			152,463

Net revenues		184,644			169,419			174,692

Operating costs and expenses:
General and administrative		45,285			70,602			30,421
Depreciation and amortization		423			421			421
Property charges and other		—			33			—

Total operating costs and expenses		45,708			71,056			30,842

Operating income		138,936			98,363			143,850


Other income (expense):
Interest and other income		1,486			1,116			865
Interest expense		(38,715	)		(33,650	)		—
Equity in income of subsidiaries		882,760			665,127			669,589

Other income (expense), net		845,531			632,593			670,454

Income before income taxes		984,467			730,956			814,304
Benefit (provision) for income taxes		19,690			(2,257	)		10,809

Net income		1,004,157			728,699			825,113
Less: Net income attributable to noncontrolling interests.		(275,505	)		(226,663	)		(211,742	)

Net income attributable to Wynn Resorts, Limited	$	728,652		$	502,036		$	613,371


Basic and diluted earnings per common share:
Net income:
Basic	$	7.25		$	4.87		$	4.94
Diluted	$	7.17		$	4.82		$	4.88
Weighted average common shares outstanding:
Basic		100,540			103,092			124,039
Diluted		101,641			104,249			125,667

The accompanying notes are an integral part of these condensed financial statements.

WYNN RESORTS, LIMITED

(Parent Company Only)

CONDENSED STATEMENTS OF CASH FLOWS

(amounts in thousands)


	Years Ended December 31,
	2013			2012			2011
Cash flows from operating activities:
Net income	$	1,004,157		$	728,699		$	825,113
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		423			421			421
Deferred income taxes		(19,826	)		(3,655	)		(10,809	)
Stock-based compensation		26,964			11,894			10,663
Amortization of discount on investment securities and other		3,338			3,762			—
Dividends received from subsidiary		840,914			700,025			578,240
Equity in income of subsidiaries		(882,760	)		(665,127	)		(669,589	)
Increase (decrease) in cash from changes in:
Receivables		(476	)		823			(1,610	)
Prepaid expenses		(467	)		(1,695	)		(9	)
Accounts payable, accrued expenses and other		1,515			38,337			5,168
Due from affiliates		(23,721	)		(22,318	)		(22,065	)

Net cash provided by operating activities		950,061			791,166			715,523

Cash flows from investing activities:
Purchase of investment securities		(222,856	)		(183,484	)		(249,374	)
Proceeds from sales or maturities of investment securities		95,771			202,406			101,017
Purchase of other assets		(105	)		(33,682	)		—
Due to (from) subsidiaries		4,623			(34,132	)		(55,673	)

Net cash used in investing activities		(122,567	)		(48,892	)		(204,030	)

Cash flows from financing activities:
Cash distributions		(712,681	)		(955,493	)		(811,798	)
Exercise of stock options		20,436			15,583			23,859
Repurchase of common stock		(15,472	)		(911	)		(7,629	)

Net cash used in financing activities		(707,717	)		(940,821	)		(795,568	)

Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents		119,777			(198,547	)		(284,075	)
Balance, beginning of year		179,939			378,486			662,561

Balance, end of year	$	299,716		$	179,939		$	378,486

The accompanying notes are an integral part of these condensed financial statements.

WYNN RESORTS, LIMITED

(Parent Company Only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

1. Basis of Presentation

The accompanying condensed financial statements include only the accounts of Wynn Resorts, Limited (the “Company”). Investments in the Company’s subsidiaries are accounted for under the equity method.

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 since this information is included in the Company’s consolidated financial statements included elsewhere in this Form 10-K.

2. Commitments and Contingencies

The Company is a holding company and, as a result, its ability to pay dividends is dependent on its subsidiaries’ ability to provide funds to it. Restrictions imposed by Wynn Las Vegas, LLC (a wholly owned indirect subsidiary of the Company) and Wynn Macau debt instruments significantly restrict certain of the Company’s key subsidiaries holding a majority of the consolidated group’s total assets, including Wynn Las Vegas, LLC, from making dividends or distributions to the Company, subject to certain exceptions for affiliated overhead expenses as defined in the agreements governing Wynn Las Vegas, LLC’s debt instruments, unless certain financial and non-financial criteria have been satisfied. In addition, the terms of the loan agreement of Wynn Resorts (Macau) S.A. contain similar restrictions. The Company received cash dividends of $840.9 million, $700 million and $578.3 million from its subsidiaries during the years ended December 31, 2013, 2012 and 2011, respectively.

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2013

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

(In thousands)


Description	Balance at Beginning of Year		Provisions for Doubtful Accounts		Write-offs, Net of Recoveries			Balance at End of Year
Allowance for doubtful accounts:
2013	$	102,213		11,877		(40,099	)	$	73,991

2012	$	91,854		18,091		(7,732	)	$	102,213

2011	$	77,452		33,778		(19,376	)	$	91,854


Description	Balance at Beginning of Year		Additions		Deductions			Balance at End of Year
Deferred income tax asset valuation allowance:
2013	$	1,831,545		773,509		(18,029	)	$	2,587,025

2012	$	1,812,482		29,132		(10,069	)	$	1,831,545

2011	$	1,285,916		533,474		(6,908	)	$	1,812,482

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Principles of Consolidation

Principles of Consolidation

Use of Estimates

Use of Estimates

Redemption Price Promissory Note

Redemption Price Promissory Note

Cash and Cash Equivalents

Cash and Cash Equivalents

Restricted Cash and Investment Securities

Restricted Cash and Investment Securities

Accounts Receivable and Credit Risk

Accounts Receivable and Credit Risk

Inventories

Inventories

Property and Equipment

Property and Equipment

Purchases of property and equipment are stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method as follows:


Buildings and improvements		10 to 45 years
Land improvements		10 to 45 years
Leasehold interest in land		25 years
Airplanes		18 to 20 years
Furniture, fixtures and equipment		3 to 20 years

Capitalized Interest

Capitalized Interest

Intangibles

Intangibles

Long-Lived Assets

Long-Lived Assets

Deferred Financing Costs

Deferred Financing Costs

Derivative Financial Instruments

Derivative Financial Instruments

Revenue Recognition and Promotional Allowances

Revenue Recognition and Promotional Allowances


	Years Ended December 31,
	2013		2012		2011
Rooms	$	52,585	$	53,487	$	52,019
Food and beverage		112,897		107,882		104,413
Entertainment, retail and other		14,659		17,522		17,017

	$	180,141	$	178,891	$	173,449

Customer Loyalty Program

Customer Loyalty Program

Slot Machine Jackpots

Slot Machine Jackpots

Gaming Taxes

Advertising Costs

Pre-Opening Costs

Income Taxes

Currency Translation

Comprehensive Income

Comprehensive Income

Fair Value Measurements

Fair Value Measurements

The following table presents assets and (liabilities) carried at fair value (amounts in thousands):


				Fair Value Measurements Using:
	Total Carrying Value			Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)
As of December 31, 2013
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Cash equivalents	$	1,349,647		$	220,923	$	1,128,724		$	—
Interest rate swaps	$	10,308		$	—	$	10,308		$	—
Restricted cash and available-for-sale securities	$	454,324		$	—	$	454,324		$	—
As of December 31, 2012
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Cash equivalents	$	969,166		$	80,434	$	888,732		$	—
Interest rate swaps	$	(3,938	)	$	—	$	(3,938	)	$	—
Restricted cash and available-for-sale securities	$	279,221		$	—	$	279,221		$	—

As of December 31, 2013 and 2012, approximately 91% and 77% of the Company’s cash equivalents categorized as level 2 were deposits held in foreign currencies, respectively.

Earnings Per Share

Earnings Per Share


	2013		2012		2011
Weighted average common shares outstanding (used in calculation of basic earnings per share)		100,540		103,092		124,039
Potential dilution from the assumed exercise of stock options and nonvested stock		1,101		1,157		1,628

Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)		101,641		104,249		125,667

Anti-dilutive stock options excluded from the calculation of diluted earnings per share		92		680		610

Net income attributable to Wynn Resorts, Ltd.	$	728,652	$	502,036	$	613,371

Net income attributable to Wynn Resorts, Ltd. per common share, basic	$	7.25	$	4.87	$	4.94

Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$	7.17	$	4.82	$	4.88

Stock-Based Compensation

Stock-Based Compensation

Further information on the Company’s stock-based compensation arrangements is included in Note 14—“Benefit Plans”.

Recently Issued Accounting Standards

Recently Issued Accounting Standards

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Estimated Useful Lives of Assets

Depreciation is provided over the estimated useful lives of the assets using the straight-line method as follows:


Buildings and improvements		10 to 45 years
Land improvements		10 to 45 years
Leasehold interest in land		25 years
Airplanes		18 to 20 years
Furniture, fixtures and equipment		3 to 20 years

Summary of Estimated Cost of Promotional Allowances

The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Rooms	$	52,585	$	53,487	$	52,019
Food and beverage		112,897		107,882		104,413
Entertainment, retail and other		14,659		17,522		17,017

	$	180,141	$	178,891	$	173,449

Schedule of Assets and Liabilities Carried at Fair Value

The following table presents assets and (liabilities) carried at fair value (amounts in thousands):


				Fair Value Measurements Using:
	Total Carrying Value			Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)
As of December 31, 2013
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Cash equivalents	$	1,349,647		$	220,923	$	1,128,724		$	—
Interest rate swaps	$	10,308		$	—	$	10,308		$	—
Restricted cash and available-for-sale securities	$	454,324		$	—	$	454,324		$	—
As of December 31, 2012
Redemption Price Promissory Note	$	(1,936,443	)	$	—	$	(1,936,443	)	$	—
Cash equivalents	$	969,166		$	80,434	$	888,732		$	—
Interest rate swaps	$	(3,938	)	$	—	$	(3,938	)	$	—
Restricted cash and available-for-sale securities	$	279,221		$	—	$	279,221		$	—

Schedule of Shares used in Calculation of Earnings Per Share


	2013		2012		2011
Weighted average common shares outstanding (used in calculation of basic earnings per share)		100,540		103,092		124,039
Potential dilution from the assumed exercise of stock options and nonvested stock		1,101		1,157		1,628

Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)		101,641		104,249		125,667

Anti-dilutive stock options excluded from the calculation of diluted earnings per share		92		680		610

Net income attributable to Wynn Resorts, Ltd.	$	728,652	$	502,036	$	613,371

Net income attributable to Wynn Resorts, Ltd. per common share, basic	$	7.25	$	4.87	$	4.94

Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$	7.17	$	4.82	$	4.88

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2013

Changes by Component, Net of Tax and Noncontrolling Interest, in Accumulated Other Comprehensive Income

The following table presents the changes by component, net of tax and noncontrolling interest, in accumulated other comprehensive income of the Company (amounts in thousands):


	Foreign currency translation			Unrealized (loss) gain on securities			Accumulated other comprehensive income
December 31, 2012	$	4,396		$	(219	)	$	4,177

Current period other comprehensive (loss) gain		(332	)		266			(66	)
Amounts reclassified from accumulated other comprehensive income		(1,190	)		(8	)		(1,198	)

Net current-period other comprehensive (loss) gain .		(1,522	)		258			(1,264	)

December 31, 2013	$	2,874		$	39		$	2,913

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Investment Securities

Investment securities consisted of the following (amounts in thousands):


	Available-for-sale securities

	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value (net carrying amount)
December 31, 2013
Domestic and foreign corporate bonds	$	221,418	$	140	$	(124	)	$	221,434
Commercial paper		32,941		16		(3	)		32,954

	$	254,359	$	156	$	(127	)	$	254,388

December 31, 2012
Domestic and foreign corporate bonds	$	161,631	$	94	$	(369	)	$	161,356
Commercial paper		18,704		4		(5	)		18,703

	$	180,335	$	98	$	(374	)	$	180,059

Investments by Contractual Maturity

The amortized cost and estimated fair value of these investment securities at December 31, 2013, by contractual maturity are shown below (amounts in thousands):


	Amortized Cost		Fair value
Available-for-sale securities
Due in one year or less	$	174,439	$	174,399
Due after one year through two years		79,920		79,989

	$	254,359	$	254,388

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

Receivables, net (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Receivables, Net

Receivables, net consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Casino	$	252,998		$	275,302
Hotel		15,386			18,227
Retail leases and other		47,539			47,257

		315,923			340,786
Less: allowance for doubtful accounts		(73,991	)		(102,213	)

	$	241,932		$	238,573

Property and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Land and improvements	$	733,233		$	732,209
Buildings and improvements		3,883,442			3,837,215
Airplanes		135,040			135,392
Furniture, fixtures and equipment		1,686,522			1,646,506
Leasehold interest in land		316,550			316,658
Construction in progress		558,624			110,490

		7,313,411			6,778,470
Less: accumulated depreciation		(2,378,962	)		(2,050,571	)

	$	4,934,449		$	4,727,899

Intangibles, net (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Indefinite-Lived Intangible Assets

Intangibles, net consisted of the following (amounts in thousands):


	Macau Gaming Concession			Show Production Rights			Water Rights		Trademarks		Other		Total Intangibles, Net
January 1, 2012	$	25,018		$	2,934		$	6,400	$	1,399	$	—	$	35,751
Amortization		(2,383	)		(2,071	)		—		—		—		(4,454	)

December 31, 2012		22,635			863			6,400		1,399		—		31,297
Additions		—			—			—		—		2,716		2,716
Amortization		(2,383	)		(863	)		—		—		—		(3,246	)

December 31, 2013	$	20,252		$	—		$	6,400	$	1,399	$	2,716	$	30,767

Schedule of Finite-Lived Intangible Assets

Intangibles, net consisted of the following (amounts in thousands):


	Macau Gaming Concession			Show Production Rights			Water Rights		Trademarks		Other		Total Intangibles, Net
January 1, 2012	$	25,018		$	2,934		$	6,400	$	1,399	$	—	$	35,751
Amortization		(2,383	)		(2,071	)		—		—		—		(4,454	)

December 31, 2012		22,635			863			6,400		1,399		—		31,297
Additions		—			—			—		—		2,716		2,716
Amortization		(2,383	)		(863	)		—		—		—		(3,246	)

December 31, 2013	$	20,252		$	—		$	6,400	$	1,399	$	2,716	$	30,767

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Long-Term Debt

Long-term debt consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Wynn Macau Senior Term Loan Facilities (as amended July 2012), due July 31, 2017 and July 31, 2018; interest at LIBOR or HIBOR plus 1.75%—2.50%, net of original issue discount of $4,900 at December 31, 2013 and $3,737 at December 31, 2012	$	948,028		$	749,433
5 1/4% Wynn Macau, Limited Senior Notes, due October 15, 2021		600,000			—
7 7/8% Wynn Las Vegas First Mortgage Notes, net of original issue discount of $7,384 at December 31, 2012		—			492,616
7 7/8% Wynn Las Vegas First Mortgage Notes, due May 1, 2020, net of original issue discount of $1,463 at December 31, 2013 and $1,632 at December 31, 2012		350,547			350,378
7 3/4% Wynn Las Vegas First Mortgage Notes, due August 15, 2020		1,320,000			1,320,000
5 3/8% Wynn Las Vegas First Mortgage Notes, due March 15, 2022		900,000			900,000
4 1/4% Wynn Las Vegas Senior Notes, due May 30, 2023		500,000			—
Redemption Price Promissory Note with former stockholder and related party, due February 18, 2022; interest at 2%		1,936,443			1,936,443
$42 million Note Payable, due April 1, 2017; interest at LIBOR plus 1.25%		32,550			33,950

		6,587,568			5,782,820
Current portion of long-term debt		(1,050	)		(1,050	)

	$	6,586,518		$	5,781,770

Scheduled Maturities of Long-Term Debt

Scheduled maturities of long-term debt, including the accretion of debt discounts of $6.4 million, are as follows (amounts in thousands):


Years Ending December 31,
2014	$	1,050
2015		1,400
2016		1,400
2017		405,196
2018		576,432
Thereafter		5,608,453

	$	6,593,931

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Property Charges and Other (Tables)

12 Months Ended

Dec. 31, 2013

Property Charges and Other

Property charges and other consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Net loss on assets abandoned/retired for remodel or sold	$	7,358	$	29,524	$	19,708
Donation to University of Macau Foundation		3,780		4,083		109,563
Loss on contract termination		6,000		315		—
Loss on show cancellation		—		6,056		1,378

	$	17,138	$	39,978	$	130,649

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of WRL Stock Plan Nonvested Shares

A summary of the status of the WRL Stock Plan’s nonvested shares as of December 31, 2013 and changes during the year then ended is presented below:


	Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2013		651,500		$	103.27
Granted		135,400			125.56
Vested		(310,900	)		116.85
Forfeited		(78,500	)		131.79

Nonvested at December 31, 2013		397,500		$	113.13

Summary of Nonvested Stock of WRL Stock Plan

The following information is provided for nonvested stock of the WRL Stock Plan (amounts in thousands, except weighted average grant date fair value):


	Years Ended December 31,
	2013		2012		2011
Weighted average grant date fair value	$	125.56	$	110.04	$	129.55

Fair value of shares vested	$	36,328	$	15,653	$	24,865

Summary of Total Compensation Cost

The total compensation cost for both the WRL Stock Plan and the WML Stock Plan is allocated as follows (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Casino	$	4,791	$	4,794	$	8,997
Rooms		853		313		383
Food and beverage		1,202		178		429
Entertainment, retail and other		477		43		24
General and administrative		32,214		14,320		14,048

Total stock-based compensation expense		39,537		19,648		23,881
Total stock-based compensation capitalized		196		195		886

Total stock-based compensation costs	$	39,733	$	19,843	$	24,767

WRL Stock Plan

Summary of Option Activity

A summary of option activity under the WRL Stock Plan as of December 31, 2013, and the changes during the year then ended is presented below:


	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2013		2,397,820		$	66.89
Granted		77,800		$	139.54
Exercised		(383,151	)	$	53.34
Forfeited or expired		(486,160	)	$	59.50

Outstanding at December 31, 2013		1,606,309		$	75.89		5.30	$	190,064,746

Fully vested and expected to vest at December 31, 2013		1,546,461		$	75.63		5.31	$	183,393,072

Exercisable at December 31, 2013		181,761		$	69.79		4.93	$	22,614,588

Schedule of Stock Option Information

The following information is provided for stock options of the WRL Stock Plan (amounts in thousands, except weighted average grant date fair value):


	Years Ended December 31,
	2013		2012		2011
Weighted average grant date fair value	$	39.93	$	33.03	$	48.31

Intrinsic value of stock options exercised	$	33,830	$	22,416	$	36,776

Net cash proceeds from the exercise of stock options	$	20,436	$	15,583	$	23,789

Tax benefits realized from the exercise of stock options and vesting of restricted stock	$	10,474	$	5,537	$	11,176

Summary of Fair Value Per Option Estimated on Date of Grant

The fair value of stock options granted under the WRL Stock Plan was estimated on the date of grant using the following weighted-average assumptions:


	Years Ended December 31,
	2013			2012			2011
Expected dividend yield		3.0	%		4.0	%		4.0	%
Expected stock price volatility		39.4	%		48.8	%		49.7	%
Risk-free interest rate		1.1	%		1.2	%		2.4	%
Expected average life of options (years)		6.7			7.0			6.5

WML Stock Plan

Summary of Option Activity

A summary of option activity under the WML Stock Plan as of December 31, 2013, and the changes during the year then ended is presented below:


	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2013		2,110,000	$	2.15
Granted		800,000	$	3.21
Exercised		—		—

Outstanding at December 31, 2013		2,910,000	$	2.44		7.8	$	6,082,136

Fully vested and expected to vest at December 31, 2013		2,910,000	$	2.44		7.8	$	6,082,136

Exercisable at December 31, 2013		862,000	$	1.95		6.8	$	2,224,036

Schedule of Stock Option Information

The following information is provided for stock options of the WML Stock Plan (amounts in thousands, except weighted average grant date fair value):


	Years Ended December 31,
	2013		2012		2011
Weighted average grant date fair value	$	0.78	$	0.78	$	0.75

Intrinsic value of stock options exercised	$	—	$	—	$	99.2

Net cash proceeds from exercise of stock options	$	—	$	—	$	70.2

Summary of Fair Value Per Option Estimated on Date of Grant

The fair value of stock options granted under the WML Stock Plan was estimated on the date of grant using the following assumptions:


	Years Ended December 31,
	2013			2012			2011
Expected dividend yield		5.0	%		4.0	%		4.0	%
Expected stock price volatility		43.3	%		49.0	%		37.8	%
Risk-free interest rate		0.6	%		0.7	%		2.1	%
Expected average life of options (years)		6.5			6.5			6.5

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Consolidated Income Loss Before Taxes for Domestic and Foreign

Consolidated income (loss) before taxes for domestic and foreign operations consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013			2012			2011
Domestic	$	(9,935	)	$	(87,122	)	$	49,521
Foreign		996,458			820,120			756,046

Total	$	986,523		$	732,998		$	805,567

Summary of Provision (Benefit) for Income Taxes

The Company’s provision (benefit) for income taxes consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013			2012			2011
Current
Federal	$	135		$	5,912		$	—
Foreign		2,057			2,042			(3,386	)

	$	2,192		$	7,954		$	(3,386	)

Deferred
Federal	$	(19,826	)	$	(3,655	)	$	(10,809	)
Foreign		—			—			(5,351	)

		(19,826	)		(3,655	)		(16,160	)

Total	$	(17,634	)	$	4,299		$	(19,546	)

Summary of Income Taxes (Federal Statutory Corporate Tax Rate)

The income tax provision (benefit) differs from that computed at the federal statutory corporate tax rate as follows:


	Years Ended December 31,
	2013			2012			2011
Federal statutory rate		35.0%			35.0%			35.0%
Foreign tax rate differential		(23.1%	)		(25.6%	)		(21.3%	)
Non-taxable foreign income		(13.4%	)		(15.4%	)		(13.0%	)
Foreign tax credits, net of valuation allowance		(89.3%	)		1.7%			(80.8%	)
Repatriation of foreign earnings		87.2%			0.0%			76.3%
Other, net		1.9%			3.6%			0.4%
Valuation allowance, other		(0.1%	)		1.3%			1.0%

Effective tax rate		(1.8%	)		0.6%			(2.4%	)

Summary of Net Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences representing net deferred tax assets and liabilities consisted of the following (amounts in thousands):


	As of December 31,
	2013			2012
Deferred tax assets—U.S.:
Current:
Receivables, inventories, accrued liabilities and other	$	36,556		$	38,488
Less: valuation allowance		(34,347	)		(35,386	)

		2,209			3,102

Long-term:
Foreign tax credit carryforwards		2,614,665			1,843,757
Intangibles and related other		26,324			26,773
Stock based compensation		10,736			19,113
Pre-opening costs		12,884			14,584
Other		11,341			12,320

		2,675,950			1,916,547
Less: valuation allowance		(2,514,258	)		(1,762,090	)

		161,692			154,457

Deferred tax liabilities—U.S.:
Current:
Prepaid insurance, maintenance and taxes		(6,243	)		(6,280	)

Long-term:
Property and equipment		(176,036	)		(199,956	)

Deferred tax assets—Foreign:
Current:
Accrued liabilities		164			156
Less: valuation allowance		(164	)		(156	)

		—			—

Long-term:
Net operating loss carryforwards		13,701			17,157
Property and equipment		17,441			11,973
Pre-opening costs		3,040			854
Other		4,074			3,929
Less: valuation allowance		(38,256	)		(33,913	)

		—			—

Net deferred tax liability	$	(18,378	)	$	(48,677	)

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (amounts in thousands):


	As of December 31,
	2013			2012			2011
Balance—beginning of year	$	84,289		$	85,498		$	83,834
Additions based on tax positions of the current year		8,360			8,140			12,427
Additions based on tax positions of prior years		—			—			—
Reductions for tax positions of prior years		—			—			—
Settlements		—			—			—
Lapses in statutes of limitations		(3,105	)		(9,349	)		(10,763	)

Balance—end of year	$	89,544		$	84,289		$	85,498

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2013

Future Minimum Rental Receivable Under Operating Lease

The following table presents the future minimum rentals to be received under the operating leases (amounts in thousands):


Years Ending December 31,
2014	$	39,735
2015		40,805
2016		38,276
2017		28,713
2018		5,929
Thereafter		17,220

	$	170,678

Future Minimum Rental Payable Under Non-Cancelable Operating Lease

At December 31, 2013, the Company was obligated under non-cancelable operating leases to make future minimum lease payments as follows (amounts in thousands):


Years Ending December 31,
2014	$	8,835
2015		8,556
2016		6,091
2017		1,997
2018		1,393
Thereafter		4,799

	$	31,671

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Assets and Capital Expenditures by Segment

The Company’s total assets and capital expenditures by segment consisted of the following (amounts in thousands):


	As of December 31,
	2013		2012
Assets
Macau Operations	$	3,918,163	$	3,004,658
Las Vegas Operations		3,576,649		3,669,881
Corporate and other		882,218		602,055

	$	8,377,030	$	7,276,594


	Years ended December 31,
	2013		2012
Capital expenditures
Macau Operations	$	442,274	$	189,384
Las Vegas Operations		63,872		41,552
Corporate and other		640		10,049

	$	506,786	$	240,985

Summary of Operations by Segment

The Company’s results of operations by segment for the years ended December 31, 2013, 2012 and 2011 consisted of the following (amounts in thousands):


	Years Ended December 31,
	2013			2012			2011
Net revenues
Macau Operations	$	4,040,526		$	3,667,454		$	3,789,073
Las Vegas Operations		1,580,410			1,486,830			1,480,719

Total	$	5,620,936		$	5,154,284		$	5,269,792

Adjusted Property EBITDA(1)
Macau Operations	$	1,324,119		$	1,167,340		$	1,196,232
Las Vegas Operations		486,682			408,472			439,036

Total		1,810,801			1,575,812			1,635,268

Other operating costs and expenses
Pre-opening costs		3,169			466			—
Depreciation and amortization		371,051			373,199			398,039
Property charges and other		17,138			39,978			130,649
Corporate expenses and other		128,267			131,807			96,868
Equity in income from unconsolidated affiliates		1,085			1,086			1,472

Total other operating costs and expenses		520,710			546,536			627,028

Operating income		1,290,091			1,029,276			1,008,240

Other non-operating costs and expenses
Interest income		15,713			12,543			7,654
Interest expense, net of amounts capitalized		(299,022	)		(288,759	)		(229,918	)
Increase in swap fair value		14,235			991			14,151
Loss from extinguishment of debt		(40,435	)		(25,151	)		—
Equity in income from unconsolidated affiliates		1,085			1,086			1,472
Other		4,856			3,012			3,968

Total other non-operating costs and expenses		(303,568	)		(296,278	)		(202,673	)

Income before income taxes		986,523			732,998			805,567
Benefit (provision) for income taxes		17,634			(4,299	)		19,546

Net income	$	1,004,157		$	728,699		$	825,113

(1)

Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Quarterly Financial Data


	Year Ended December 31, 2013
	First		Second		Third		Fourth		Year
Net revenues	$	1,378,654	$	1,332,273	$	1,390,112	$	1,519,897	$	5,620,936
Operating income		333,648		274,024		313,978		368,441		1,290,091
Net income		272,144		192,716		248,811		290,486		1,004,157
Net income attributable to Wynn Resorts, Limited		202,963		129,785		182,020		213,884		728,652
Basic income per share	$	2.02	$	1.29	$	1.81	$	2.12	$	7.25
Diluted income per share	$	2.00	$	1.28	$	1.79	$	2.10	$	7.17


	Year Ended December 31, 2012
	First		Second		Third		Fourth		Year
Net revenues	$	1,313,498	$	1,253,207	$	1,298,495	$	1,289,084	$	5,154,284
Operating income		260,099		264,123		247,092		257,962		1,029,276
Net income		198,409		199,293		165,171		165,826		728,699
Net income attributable to Wynn Resorts, Limited		140,564		138,064		112,035		111,373		502,036
Basic income per share	$	1.25	$	1.38	$	1.12	$	1.11	$	4.87
Diluted income per share	$	1.23	$	1.37	$	1.11	$	1.10	$	4.82

Condensed Financial Statements (Parent Company Only) (Tables) - Wynn Resorts, Ltd

12 Months Ended

Dec. 31, 2013

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS

(amounts in thousands, except share data)


	December 31,
	2013			2012
ASSETS
Current assets:
Cash and cash equivalents	$	299,716		$	179,939
Investment securities		169,496			89,155
Receivables		1,804			1,328
Prepaid expenses		3,165			2,698

Total current assets		474,181			273,120
Property and equipment, net		11,314			11,737
Investment securities		79,989			36,484
Other assets		33,787			33,682
Due from subsidiaries		298,410			232,400
Investment in subsidiaries		1,269,696			1,586,186

Total assets	$	2,167,377		$	2,173,609


LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	334		$	171
Accrued compensation and benefits		1,326			1,796
Interest payable		33,636			33,650
Other accrued liabilities		4,865			3,750
Deferred income taxes, net		4,034			3,178

Total current liabilities		44,195			42,545
Long-term debt		1,936,443			1,936,443
Other long-term liabilities		10,770			16,051
Uncertain tax position liability		29,275			29,139
Deferred income taxes, net		14,343			45,499

Total liabilities		2,035,026			2,069,677


Commitments and contingencies (Note 2)

Stockholders’ equity:
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding		—			—
Common stock, par value $0.01; 400,000,000 shares authorized; 114,170,493 and 113,730,442 shares issued; and, 101,192,408 and 100,866,712 shares outstanding		1,142			1,137
Treasury stock, at cost; 12,978,085 and 12,863,730 shares		(1,143,419	)		(1,127,947	)
Additional paid-in capital		888,727			818,821
Accumulated other comprehensive income		2,913			4,177
Retained earnings		66,130			44,775

Total Wynn Resorts, Limited stockholders’ deficit		(184,507	)		(259,037	)
Noncontrolling interest		316,858			362,969

Total equity		132,351			103,932

Total liabilities and stockholders’ equity	$	2,167,377		$	2,173,609

CONDENSED STATEMENTS OF INCOME

CONDENSED STATEMENTS OF INCOME

(amounts in thousands, except per share data)


	Years Ended December 31,
	2013			2012			2011
Operating revenues:
Wynn Las Vegas management fees	$	23,721		$	22,318		$	22,229
Wynn Macau royalty fees		160,923			147,101			152,463

Net revenues		184,644			169,419			174,692

Operating costs and expenses:
General and administrative		45,285			70,602			30,421
Depreciation and amortization		423			421			421
Property charges and other		—			33			—

Total operating costs and expenses		45,708			71,056			30,842

Operating income		138,936			98,363			143,850


Other income (expense):
Interest and other income		1,486			1,116			865
Interest expense		(38,715	)		(33,650	)		—
Equity in income of subsidiaries		882,760			665,127			669,589

Other income (expense), net		845,531			632,593			670,454

Income before income taxes		984,467			730,956			814,304
Benefit (provision) for income taxes		19,690			(2,257	)		10,809

Net income		1,004,157			728,699			825,113
Less: Net income attributable to noncontrolling interests.		(275,505	)		(226,663	)		(211,742	)

Net income attributable to Wynn Resorts, Limited	$	728,652		$	502,036		$	613,371


Basic and diluted earnings per common share:
Net income:
Basic	$	7.25		$	4.87		$	4.94
Diluted	$	7.17		$	4.82		$	4.88
Weighted average common shares outstanding:
Basic		100,540			103,092			124,039
Diluted		101,641			104,249			125,667

CONDENSED STATEMENTS OF CASH FLOWS

CONDENSED STATEMENTS OF CASH FLOWS

(amounts in thousands)


	Years Ended December 31,
	2013			2012			2011
Cash flows from operating activities:
Net income	$	1,004,157		$	728,699		$	825,113
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		423			421			421
Deferred income taxes		(19,826	)		(3,655	)		(10,809	)
Stock-based compensation		26,964			11,894			10,663
Amortization of discount on investment securities and other		3,338			3,762			—
Dividends received from subsidiary		840,914			700,025			578,240
Equity in income of subsidiaries		(882,760	)		(665,127	)		(669,589	)
Increase (decrease) in cash from changes in:
Receivables		(476	)		823			(1,610	)
Prepaid expenses		(467	)		(1,695	)		(9	)
Accounts payable, accrued expenses and other		1,515			38,337			5,168
Due from affiliates		(23,721	)		(22,318	)		(22,065	)

Net cash provided by operating activities		950,061			791,166			715,523

Cash flows from investing activities:
Purchase of investment securities		(222,856	)		(183,484	)		(249,374	)
Proceeds from sales or maturities of investment securities		95,771			202,406			101,017
Purchase of other assets		(105	)		(33,682	)		—
Due to (from) subsidiaries		4,623			(34,132	)		(55,673	)

Net cash used in investing activities		(122,567	)		(48,892	)		(204,030	)

Cash flows from financing activities:
Cash distributions		(712,681	)		(955,493	)		(811,798	)
Exercise of stock options		20,436			15,583			23,859
Repurchase of common stock		(15,472	)		(911	)		(7,629	)

Net cash used in financing activities		(707,717	)		(940,821	)		(795,568	)

Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents		119,777			(198,547	)		(284,075	)
Balance, beginning of year		179,939			378,486			662,561

Balance, end of year	$	299,716		$	179,939		$	378,486

Organization - Additional Information (Detail)	1 Months Ended	12 Months Ended
Organization - Additional Information (Detail)	Oct. 31, 2009 shares	Dec. 31, 2013 ft² Restaurant Property Hotel Room Facility Outlet
Organization and Basis of Presentation [Abstract]
Common stock of subsidiary sold \| shares	1,437,500,000
Percentage of subsidiary's common stock sold	27.70%
Wynn Macau
Organization and Basis of Presentation [Abstract]
Percentage of ownership		72.30%
Number of hotel \| Hotel		2
Number of rooms in hotel \| Room		1,008
Number of restaurants \| Restaurant		8
Wynn Macau \| Casino
Organization and Basis of Presentation [Abstract]
Area of property		280,000
Wynn Macau \| Retail
Organization and Basis of Presentation [Abstract]
Area of property		57,000
Wynn Macau \| Salon and Spa
Organization and Basis of Presentation [Abstract]
Number of facilities \| Facility		2
Wynn Las Vegas
Organization and Basis of Presentation [Abstract]
Number of hotel \| Hotel		2
Number of rooms in hotel \| Room		4,748
Wynn Las Vegas \| Casino
Organization and Basis of Presentation [Abstract]
Area of property		186,000
Wynn Las Vegas \| Retail
Organization and Basis of Presentation [Abstract]
Area of property		96,000
Wynn Las Vegas \| Food and Beverage
Organization and Basis of Presentation [Abstract]
Number of outlets \| Outlet		34
Wynn Las Vegas \| Showrooms
Organization and Basis of Presentation [Abstract]
Number of showrooms \| Property		2
Wynn Las Vegas \| Nightclubs and Beachclubs
Organization and Basis of Presentation [Abstract]
Number of facilities \| Facility		3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Nov. 30, 2013	May 15, 2013	Feb. 18, 2012
Summary of Significant Accounting Policies [Line Items]
Percentage of ownership in joint ventures	50.00%
Restricted cash	$ 199,900	$ 99,200
Current restricted cash				$ 243,000
Percentage of credit markers due from customers residing outside of the United States	86.00%	84.00%
Adjustment effect in operating income	$ 14,900	$ 30,900
Adjustment effect in net income	$ 12,000	$ 23,300
Adjustment effect in diluted earning per share	$ 0.12	$ 0.22
Capitalized interest	$ 10,500	$ 2,000	$ 0
Interest expense, amortized	11,200	11,000	11,600
Gaming tax expenses	2,000,000	1,800,000	1,900,000
Total advertising costs	21,500	23,000	19,500
Pre-opening costs	$ 3,169	$ 466	$ 0
Other Observable Inputs (Level 2)
Summary of Significant Accounting Policies [Line Items]
Percentage of cash equivalents which are deposits held in foreign currencies	91.00%	77.00%
Fair Value, Measurements, Recurring
Summary of Significant Accounting Policies [Line Items]
Debt instrument, principal amount	$ 1,936,443	$ 1,936,443
Cash equivalents	1,349,647	969,166
Bank deposits and cash on hand	1,085,400	756,000
Fair Value, Measurements, Recurring \| Other Observable Inputs (Level 2)
Summary of Significant Accounting Policies [Line Items]
Debt instrument, principal amount	1,936,443	1,936,443
Cash equivalents	1,128,724	$ 888,732
Redemption Price Promissory Note With Former Stockholder and Related Party, Due February 18, 2022; Interest At 2%
Summary of Significant Accounting Policies [Line Items]
Debt instrument, principal amount	$ 1,940,000					$ 1,940,000
Debt instrument, interest rate	2.00%	2.00%				2.00%
7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017
Summary of Significant Accounting Policies [Line Items]
Debt instrument, principal amount					$ 500,000
Debt instrument, interest rate	7.875%			7.875%
Long-term debt due date				2017

Estimated Useful Lives of Assets (Detail)	12 Months Ended
Estimated Useful Lives of Assets (Detail)	Dec. 31, 2013
Buildings and Improvements \| Minimum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	10 years
Buildings and Improvements \| Maximum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	45 years
Land Improvements \| Minimum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	10 years
Land Improvements \| Maximum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	45 years
Leasehold Interest in Land
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	25 years
Airplanes \| Minimum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	18 years
Airplanes \| Maximum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	20 years
Furniture, Fixtures and Equipment \| Minimum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	3 years
Furniture, Fixtures and Equipment \| Maximum
Property and Equipment, Net [Line Items]
Property, and equipment, estimated useful life	20 years

Summary of Estimated Cost of Promotional Allowances (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	$ 180,141	$ 178,891	$ 173,449
Rooms
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	52,585	53,487	52,019
Food and Beverage
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	112,897	107,882	104,413
Entertainment, Retail and Other
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	$ 14,659	$ 17,522	$ 17,017

Schedule of Assets and Liabilities Carried at Fair Value (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Price Promissory Note	$ (1,936,443)	$ (1,936,443)
Cash equivalents	1,349,647	969,166
Interest rate swaps	10,308	(3,938)
Restricted cash and available-for-sale securities	454,324	279,221
Quoted Market Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	220,923	80,434
Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Price Promissory Note	(1,936,443)	(1,936,443)
Cash equivalents	1,128,724	888,732
Interest rate swaps	10,308	(3,938)
Restricted cash and available-for-sale securities	$ 454,324	$ 279,221

Schedule of Shares used in Calculation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Weighted Average Shares Used In Computing Earnings Per Share [Line Items]
Weighted average common shares outstanding (used in calculation of basic earnings per share)									100,540	103,092	124,039
Potential dilution from the assumed exercise of stock options and nonvested stock									1,101	1,157	1,628
Weighted average common and common equivalent shares outstanding (used in calculation of diluted earnings per share)									101,641	104,249	125,667
Anti-dilutive stock options excluded from the calculation of diluted earnings per share									92	680	610
Net Income attributable to Wynn Resorts, Ltd.	$ 213,884	$ 182,020	$ 129,785	$ 202,963	$ 111,373	$ 112,035	$ 138,064	$ 140,564	$ 728,652	$ 502,036	$ 613,371
Net income attributable to Wynn Resorts, Ltd. per common share, basic	$ 2.12	$ 1.81	$ 1.29	$ 2.02	$ 1.11	$ 1.12	$ 1.38	$ 1.25	$ 7.25	$ 4.87	$ 4.94
Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$ 2.10	$ 1.79	$ 1.28	$ 2.00	$ 1.10	$ 1.11	$ 1.37	$ 1.23	$ 7.17	$ 4.82	$ 4.88

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Changes by Component, Net of Tax and Noncontrolling Interest, in Accumulated Other Comprehensive Income (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 4,177
Current period other comprehensive (loss) gain	(66)
Amounts reclassified from accumulated other comprehensive income	(1,198)
Net current-period other comprehensive (loss) gain	(1,264)
Ending balance	2,913
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	4,396
Current period other comprehensive (loss) gain	(332)
Amounts reclassified from accumulated other comprehensive income	(1,190)
Net current-period other comprehensive (loss) gain	(1,522)
Ending balance	2,874
Unrealized (loss) gain on securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(219)
Current period other comprehensive (loss) gain	266
Amounts reclassified from accumulated other comprehensive income	(8)
Net current-period other comprehensive (loss) gain	258
Ending balance	$ 39

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Schedule of Investment Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	$ 254,359	$ 180,335
Available-for-sale securities, Gross unrealized gains	156	98
Available-for-sale securities, Gross unrealized losses	(127)	(374)
Available-for-sale securities, Fair value (net carrying amount)	254,388	180,059
Domestic and foreign corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	221,418	161,631
Available-for-sale securities, Gross unrealized gains	140	94
Available-for-sale securities, Gross unrealized losses	(124)	(369)
Available-for-sale securities, Fair value (net carrying amount)	221,434	161,356
Commercial paper
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	32,941	18,704
Available-for-sale securities, Gross unrealized gains	16	4
Available-for-sale securities, Gross unrealized losses	(3)	(5)
Available-for-sale securities, Fair value (net carrying amount)	$ 32,954	$ 18,703

Investments by Contractual Maturity (Detail) $ in Thousands	Dec. 31, 2013 USD ($)
Amortized cost
Due in one year or less	$ 174,439
Due after one year through two years	79,920
Amortized cost	254,359
Fair value
Due in one year or less	174,399
Due after one year through two years	79,989
Fair value	$ 254,388

Summary of Receivables, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 315,923	$ 340,786
Less: allowance for doubtful accounts	(73,991)	(102,213)
Receivables, net	241,932	238,573
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	252,998	275,302
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	15,386	18,227
Retail leases and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 47,539	$ 47,257

Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Property and Equipment, Net [Line Items]
Land and improvements	$ 733,233	$ 732,209
Buildings and improvements	3,883,442	3,837,215
Airplanes	135,040	135,392
Furniture, fixtures and equipment	1,686,522	1,646,506
Leasehold interest in land	316,550	316,658
Construction in progress	558,624	110,490
Property and equipment, gross	7,313,411	6,778,470
Less: accumulated depreciation	(2,378,962)	(2,050,571)
Property and equipment, net	$ 4,934,449	$ 4,727,899

Property and Equipment, net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property and Equipment, Net [Line Items]
Depreciation expense	$ 367.4	$ 367.1	$ 389.8

Schedule of Intangible Assets, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets [Line Items]
Total Intangibles, Net beginning balance	$ 31,297	$ 35,751
Finite-lived intangible assets, Addition	2,716
Finite-lived intangible assets, amortization	(3,246)	(4,454)
Total Intangibles, Net ending balance	30,767	31,297
Macau Gaming Concession
Intangible Assets [Line Items]
Finite-lived intangible assets, net, beginning balance	22,635	25,018
Finite-lived intangible assets, amortization	(2,383)	(2,383)
Finite-lived intangible assets, net, ending balance	20,252	22,635
Show Production Rights
Intangible Assets [Line Items]
Finite-lived intangible assets, net, beginning balance	863	2,934
Finite-lived intangible assets, amortization	(863)	(2,071)
Finite-lived intangible assets, net, ending balance		863
Other
Intangible Assets [Line Items]
Finite-lived intangible assets, net, beginning balance
Finite-lived intangible assets, Addition	2,716
Finite-lived intangible assets, amortization
Finite-lived intangible assets, net, ending balance	2,716
Water Rights
Intangible Assets [Line Items]
Indefinite-lived intangible assets, net, beginning balance	6,400	6,400
Indefinite-lived intangible assets, net, ending balance	6,400	6,400
Trademarks
Intangible Assets [Line Items]
Indefinite-lived intangible assets, net, beginning balance	1,399	1,399
Indefinite-lived intangible assets, net, ending balance	$ 1,399	$ 1,399

Intangibles, net - Additional Information (Detail) - Macau Gaming Concession $ in Millions	12 Months Ended
	Dec. 31, 2013 USD ($)
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, useful life, years	20 years
Future amortization expense, 2014	$ 2.4
Future amortization expense, 2015	2.4
Future amortization expense, 2016	2.4
Future amortization expense, 2017	2.4
Future amortization expense, 2018	2.4
Future amortization expense, 2019	2.4
Future amortization expense, 2020	2.4
Future amortization expense, 2021	2.4
Future amortization expense, 2022	$ 1.2

Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Long-term debt total	$ 6,587,568	$ 5,782,820
Current portion of long-term debt	(1,050)	(1,050)
Non current portion of long-term debt	6,586,518	5,781,770
Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018
Debt Instrument [Line Items]
Long-term debt total	948,028	749,433
5 1/4% Wynn Macau Senior Notes, due October 15, 2021
Debt Instrument [Line Items]
Long-term debt total	600,000
7 7/8% Wynn Las Vegas First Mortgage Notes
Debt Instrument [Line Items]
Long-term debt total		492,616
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020
Debt Instrument [Line Items]
Long-term debt total	350,547	350,378
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% Wynn Las Vegas Senior Notes Due May 30, 2023
Debt Instrument [Line Items]
Long-term debt total	500,000
Redemption Price Promissory Note With Former Stockholder and Related Party, Due February 18, 2022; Interest At 2%
Debt Instrument [Line Items]
Long-term debt total	1,936,443	1,936,443
$42 Million Note Payable, Due April 1, 2017
Debt Instrument [Line Items]
Long-term debt total	$ 32,550	$ 33,950

Summary of Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Oct. 16, 2013	Feb. 18, 2012	Dec. 31, 2013	Dec. 31, 2012	Mar. 01, 2012	Aug. 31, 2010	Apr. 30, 2010	Mar. 30, 2007
Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 \| Due July 31, 2017
Debt Instrument [Line Items]
Long-term debt, first installment payment date			Jul. 31, 2017	Jul. 31, 2017
Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 \| Due July 31,2018
Debt Instrument [Line Items]
Long-term debt due date			Jul. 31, 2018	Jul. 31, 2018
Original issue discount			$ 4,900	$ 3,737
5 1/4% Wynn Macau Senior Notes, due October 15, 2021
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 600,000
Long-term debt due date	Oct. 15, 2021		Oct. 15, 2021	Oct. 15, 2021
Debt instrument, interest rate	5.25%		5.25%	5.25%
7 7/8% Wynn Las Vegas First Mortgage Notes
Debt Instrument [Line Items]
Debt instrument, interest rate			7.875%	7.875%
Original issue discount				$ 7,384
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020
Debt Instrument [Line Items]
Debt instrument, principal amount							$ 352,000
Long-term debt due date			May 01, 2020	May 01, 2020
Debt instrument, interest rate			7.875%	7.875%
Original issue discount			$ 1,463	$ 1,632
7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020
Debt Instrument [Line Items]
Debt instrument, principal amount						$ 1,320,000
Long-term debt due date			Aug. 15, 2020	Aug. 15, 2020
Debt instrument, interest rate			7.75%	7.75%
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Debt Instrument [Line Items]
Debt instrument, principal amount					$ 900,000
Long-term debt due date			Mar. 15, 2022	Mar. 15, 2022
Debt instrument, interest rate			5.375%	5.375%	5.375%
4 1/4% Wynn Las Vegas Senior Notes Due May 30, 2023
Debt Instrument [Line Items]
Long-term debt due date			May 30, 2023	May 30, 2023
Debt instrument, interest rate			4.25%	4.25%
Redemption Price Promissory Note With Former Stockholder and Related Party, Due February 18, 2022; Interest At 2%
Debt Instrument [Line Items]
Debt instrument, principal amount		$ 1,940,000	$ 1,940,000
Long-term debt due date		Feb. 18, 2022	Feb. 18, 2022	Feb. 18, 2022
Debt instrument, interest rate		2.00%	2.00%	2.00%
$42 Million Note Payable, Due April 1, 2017
Debt Instrument [Line Items]
Debt instrument, principal amount			$ 42,000	$ 42,000				$ 42,000
Long-term debt due date			Apr. 01, 2017	Apr. 01, 2017
Interest in addition to LIBOR or HIBOR			1.25%	1.25%
Minimum \| Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 \| Due July 31, 2017
Debt Instrument [Line Items]
Interest in addition to LIBOR or HIBOR			1.75%	1.75%
Minimum \| Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 \| Due July 31,2018
Debt Instrument [Line Items]
Interest in addition to LIBOR or HIBOR			1.75%	1.75%
Maximum \| Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 \| Due July 31, 2017
Debt Instrument [Line Items]
Interest in addition to LIBOR or HIBOR			2.50%	2.50%
Maximum \| Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018 \| Due July 31,2018
Debt Instrument [Line Items]
Interest in addition to LIBOR or HIBOR			2.50%	2.50%

Long-Term Debt - Additional Information (Detail) $ / shares in Units, MOP$ in Millions	1 Months Ended																12 Months Ended
	Feb. 13, 2014 USD ($)	Nov. 01, 2013 USD ($)	Oct. 16, 2013 USD ($)	Jul. 31, 2013 USD ($)	May 22, 2013 USD ($)	May 15, 2013 USD ($)	Feb. 14, 2013 USD ($)	Dec. 31, 2012 USD ($)	Sep. 30, 2012 USD ($)	Jul. 31, 2012 USD ($)	Jun. 19, 2012	Mar. 01, 2012 USD ($)	Feb. 18, 2012 USD ($) shares	Aug. 31, 2010 USD ($)	Apr. 30, 2010 USD ($)	Oct. 31, 2009 USD ($)	Dec. 31, 2013 USD ($) d BasisPoint $ / shares	Dec. 31, 2013 MOP (MOP$) d BasisPoint	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2013 MOP (MOP$)	Nov. 30, 2013	Mar. 30, 2007 USD ($)
Debt Instrument [Line Items]
Deferred financing cost and third party fees																	$ (40,435,000)		$ (25,151,000)
Deferred financing costs, net								$ 71,189,000									$ 67,926,000		71,189,000
Consolidated leverage ratio excess cash flow percentage																	50.00%	50.00%
Maximum guarantee by Macau government																	$ 700,000	MOP$ 5.2
Amount of time guarantee will be at fixed amounts (days) \| d																	180	180
Net proceed from issuance of debt note																	$ 1,297,870,000		1,648,643,000	$ 150,483,000
Common stock redeemed, shares \| shares													24,549,222
Debt purchase price percentage of aggregate principal amount																	101.00%				101.00%
Quarterly principal payment																	$ 501,400,000		1,022,847,000	$ 201,901,000
Long-term debt								$ 5,782,820,000									6,587,568,000		$ 5,782,820,000
Long-term debt, including the accretion of debt discounts																	6,400,000
7 7/8% Wynn Las Vegas First Mortgage Notes, Due November 1, 2017
Debt Instrument [Line Items]
Deferred financing cost and third party fees																	$ 300,000
Debt maturity date																	Nov. 01, 2017	Nov. 01, 2017
Debt instrument, aggregate principal amount						$ 500,000,000
Debt instrument, interest rate																	7.875%				7.875%	7.875%
Debt instrument, redemption terms					The Issuers satisfied and discharged the 2017 Indenture and, in November 2013
Debt redemption price as percentage of principal		103.938%														103.938%
Percentage of principal repayment on the event of change of control																	101.00%				101.00%
Debt instrument, aggregate principal amount																$ 500,000,000
Debt issued at discount, price as percentage of principal																97.823%
Debt premium decrease																	$ 0
Long-term debt due year						2017
Tender offer expiration date																	May 21, 2013	May 21, 2013
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 \| $ / shares																	$ 1,071.45
Principal amount for cash tender offer																	$ 1,000
Unamortized financing costs and original issue discount																	$ 6,700,000
Debt instrument, redeemed principal amount		$ 225,300,000
Redemption fees paid		8,900,000
Unamortized financing costs and original issue discount		$ 4,900,000
Four And One Over Four Percentage Wynn Las Vegas Senior Notes Due May Thirty Two Thousand Twenty Three
Debt Instrument [Line Items]
Debt maturity date																	May 30, 2023	May 30, 2023
Debt instrument, interest rate											4.25%
Debt redemption date																	Feb. 28, 2023	Feb. 28, 2023
Debt instrument, redemption terms																	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 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.
Debt redemption price as percentage of principal																	100.00%	100.00%
Percentage of principal repayment on the event of change of control																	101.00%				101.00%
Payment Default Classification Period for Interest Payment											60 days						30 days	30 days
Debt instrument issuance date																	May 22, 2013	May 22, 2013
Capitalized financing costs																	$ 4,100,000
5 1/4% Wynn Macau Senior Notes, due October 15, 2021
Debt Instrument [Line Items]
Debt maturity date			Oct. 15, 2021														Oct. 15, 2021	Oct. 15, 2021	Oct. 15, 2021
Debt instrument, aggregate principal amount			$ 600,000,000
Debt instrument, interest rate			5.25%					5.25%									5.25%		5.25%		5.25%
Net proceed from issuance of debt note			$ 591,500,000
Debt redemption date			Oct. 14, 2016
Debt instrument, redemption terms			At any time on or before October 14, 2016, WML may redeem the 2021 Notes, in whole or in part, at a redemption price equal to the greater of (a) 100% of the aggregate principal amount of the 2021 Notes or (b) a “make-whole” amount as determined by an independent investment banker in accordance with the terms of the WML Indenture, in either case, plus accrued and unpaid interest. In addition, on or after October 15, 2016, WML may redeem the 2021 Notes, in whole or in part, at a premium decreasing annually from 103.938% of the principal amount to zero, plus accrued and unpaid interest. If WML undergoes a Change of Control (as defined in the WML Indenture), it must offer to repurchase the 2021 Notes at a price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest.
Debt redemption price as percentage of principal			100.00%
Percentage of principal repayment on the event of change of control																	101.00%				101.00%
Aggregate amount for certain event			$ 50,000,000
Payment Default Classification Period for Interest Payment			30 days
Long-term debt																	$ 600,000,000
5 1/4% Wynn Macau Senior Notes, due October 15, 2021 \| Minimum
Debt Instrument [Line Items]
Debt percentage of redemption premium on principal amount			0.00%
5 1/4% Wynn Macau Senior Notes, due October 15, 2021 \| Maximum
Debt Instrument [Line Items]
Debt percentage of redemption premium on principal amount			103.938%
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020
Debt Instrument [Line Items]
Debt maturity date																	May 01, 2020	May 01, 2020	May 01, 2020
Debt instrument, aggregate principal amount															$ 352,000,000
Debt instrument, interest rate								7.875%									7.875%		7.875%		7.875%
Debt redemption price as percentage of principal															103.938%
Percentage of principal repayment on the event of change of control																	101.00%				101.00%
Debt premium decrease																	$ 0
Long-term debt previous due date																	December 2014	December 2014
Long-term debt due year																	2020	2020
Long-term debt								$ 350,378,000									$ 350,547,000		$ 350,378,000
7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020
Debt Instrument [Line Items]
Debt maturity date																	Aug. 15, 2020	Aug. 15, 2020	Aug. 15, 2020
Debt instrument, aggregate principal amount														$ 1,320,000,000
Debt instrument, interest rate								7.75%									7.75%		7.75%		7.75%
Debt redemption price as percentage of principal														103.875%
Percentage of principal repayment on the event of change of control																	101.00%				101.00%
Debt premium decrease																	$ 0
Long-term debt previous due date																	December 2014	December 2014
Long-term debt due year																	2020	2020
Long-term debt								$ 1,320,000,000									$ 1,320,000,000		$ 1,320,000,000
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Debt Instrument [Line Items]
Debt maturity date																	Mar. 15, 2022	Mar. 15, 2022	Mar. 15, 2022
Debt instrument, aggregate principal amount												$ 900,000,000
Debt instrument, interest rate								5.375%				5.375%					5.375%		5.375%		5.375%
Debt redemption price as percentage of principal																	102.688%	102.688%
Percentage of principal repayment on the event of change of control																	101.00%				101.00%
Debt premium decrease																	$ 0
Long-term debt due year																	2022	2022
Long-term debt								$ 900,000,000									$ 900,000,000		$ 900,000,000
Wynn Macau Revolver
Debt Instrument [Line Items]
Deferred financing cost and third party fees								17,700,000
Deferred financing costs, net								33,200,000											33,200,000
Senior Credit Facility
Debt Instrument [Line Items]
Increase of credit facility				$ 200,000,000
Debt maturity date																	Jul. 31, 2018	Jul. 31, 2018
Senior Credit Facility \| HIBOR \| Minimum
Debt Instrument [Line Items]
Interest rate																	1.75%	1.75%
Senior Credit Facility \| HIBOR \| Maximum
Debt Instrument [Line Items]
Interest rate																	2.50%	2.50%
Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018
Debt Instrument [Line Items]
Bank guarantee carrying amount																	$ 37,000,000				MOP$ 300.0
Long-term debt								$ 749,433,000									$ 948,028,000		$ 749,433,000
Four Point Twenty Five Senior Notes Due 2023
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount					$ 500,000,000
Debt instrument, interest rate					4.25%
Long-term debt due year					2023
Redemption Price Promissory Note With Former Stockholder and Related Party, Due February 18, 2022; Interest At 2%
Debt Instrument [Line Items]
Debt maturity date													Feb. 18, 2022				Feb. 18, 2022	Feb. 18, 2022	Feb. 18, 2022
Debt instrument, aggregate principal amount													$ 1,940,000,000				$ 1,940,000,000
Debt instrument, interest rate								2.00%					2.00%				2.00%		2.00%		2.00%
Interest payment due							$ 38,700,000
Long-term debt								$ 1,936,443,000									$ 1,936,443,000		$ 1,936,443,000
Redemption Price Promissory Note With Former Stockholder and Related Party, Due February 18, 2022; Interest At 2% \| Subsequent Event
Debt Instrument [Line Items]
Interest payment due	$ 38,700,000
Wynn Las Vegas Revolver
Debt Instrument [Line Items]
Deferred financing cost and third party fees									$ 2,600,000			$ 4,800,000
Long-term debt previous due date												2013
Revolving credit, expiration date												2015
Revolving credit commitments												$ 100,000,000
$42 Million Note Payable, Due April 1, 2017
Debt Instrument [Line Items]
Interest rate																	1.25%	1.25%	1.25%
Debt maturity date																	Apr. 01, 2017	Apr. 01, 2017	Apr. 01, 2017
Debt instrument, aggregate principal amount								42,000,000									$ 42,000,000		$ 42,000,000				$ 42,000,000
Quarterly principal payment																	350,000
Balloon payment due at maturity																	$ 28,000,000
Period interest is calculated over (days) \| d																	90	90
Number of basis points of interest paid in addition to LIBOR \| BasisPoint																	125	125
Long-term debt								$ 33,950,000									$ 32,550,000		$ 33,950,000
4 1/4% Wynn Las Vegas Senior Notes Due May 30, 2023
Debt Instrument [Line Items]
Debt maturity date																	May 30, 2023	May 30, 2023	May 30, 2023
Debt instrument, interest rate								4.25%									4.25%		4.25%		4.25%
Long-term debt due year																	2023	2023
Long-term debt																	$ 500,000,000
Wynn Macau \| Wynn Macau Senior Term Loan Facilities ( As Amended July 2012), Due July 31, 2017 And July 31, 2018
Debt Instrument [Line Items]
Consolidated leverage ratio, minimum																	4.0	4.0
Debt Redemption
Debt Instrument [Line Items]
Fair value of debt instrument								$ 4,200,000,000									$ 4,800,000,000		$ 4,200,000,000
Long-term debt								$ 3,900,000,000									4,700,000,000		$ 3,900,000,000
Amended Wynn Macau Credit Facilities
Debt Instrument [Line Items]
Line of credit										$ 2,300,000,000
Availability of credit facility																	$ 1,550,000,000
Amended Wynn Macau Credit Facilities \| Funded
Debt Instrument [Line Items]
Line of credit										$ 750,000,000
Debt instrument payment terms										The principal amount of the term loan is required to be repaid in two equal installments in July 2017 and July 2018. The senior secured facilities bear interest for the first six months after closing at LIBOR or HIBOR plus a margin of 2.50% and thereafter will be subject to LIBOR or HIBOR plus a margin of between 1.75% to 2.50% based on Wynn Macau's leverage ratio.
Maturity period										2018-07
Amended Wynn Macau Credit Facilities \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit										$ 1,550,000,000
Maturity period										2017-07
Amended Wynn Macau Credit Facilities \| Senior Secured Facilities
Debt Instrument [Line Items]
Interest rate										2.50%
Amended Wynn Macau Credit Facilities \| Senior Secured Facilities \| Minimum
Debt Instrument [Line Items]
Interest rate										1.75%
Interest coverage ratio, minimum																	2.00	2.00
Amended Wynn Macau Credit Facilities \| Senior Secured Facilities \| Maximum
Debt Instrument [Line Items]
Interest rate										2.50%
Leverage Ratio, maximum																	4.0	4.0

Scheduled Maturities of Long-Term Debt (Detail) $ in Thousands	Dec. 31, 2013 USD ($)
Long Term Debt
2014	$ 1,050
2015	1,400
2016	1,400
2017	405,196
2018	576,432
Thereafter	5,608,453
Total	$ 6,593,931

Interest Rate Swaps - Additional Information (Detail) $ in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2013 USD ($) Agreement	Dec. 31, 2013 HKD ($) Agreement	Dec. 31, 2012 USD ($)
Wynn Macau Swap \| Two of the swap agreements
Interest Rate Swaps [Line Items]
Number of interest rate swap agreements \| Agreement	3	3
Interest rate swap fixed interest rate	0.73%	0.73%
Interest rate swap notional amount	$ 509,400	$ 3,950
Interest rate swap maturity date	Jul. 01, 2017
Wynn Macau Swap \| Two of the swap agreements \| Minimum
Interest Rate Swaps [Line Items]
Interest rate swap fixed interest rate	2.48%	2.48%
Wynn Macau Swap \| Two of the swap agreements \| Maximum
Interest Rate Swaps [Line Items]
Interest rate swap fixed interest rate	3.23%	3.23%
Wynn Macau Swap \| Interest Rate Swap 3
Interest Rate Swaps [Line Items]
Number of interest rate swap agreements \| Agreement	1	1
Interest rate swap fixed interest rate	0.6763%	0.6763%
Interest rate swap notional amount \| $	$ 243,800
Interest rate swap maturity date	Jul. 01, 2017
Wynn Macau Swap \| Interest Rate Swap 3 \| Minimum
Interest Rate Swaps [Line Items]
Interest rate swap fixed interest rate	2.4263%	2.4263%
Wynn Macau Swap \| Interest Rate Swap 3 \| Maximum
Interest Rate Swaps [Line Items]
Interest rate swap fixed interest rate	3.1763%	3.1763%
Fair Value, Measurements, Recurring
Interest Rate Swaps [Line Items]
Interest rate swap assets (liability) included in deposits and other assets, fair value \| $	$ 10,308		$ (3,938)

Related Party Transactions - Additional Information (Detail)	1 Months Ended				12 Months Ended	24 Months Ended
	Dec. 29, 2012 USD ($)	Mar. 01, 2012 USD ($)	Feb. 18, 2012 shares	May 31, 2010 USD ($)	Dec. 31, 2013 USD ($) a d	Feb. 29, 2012 USD ($)	Dec. 31, 2012 USD ($)
Related Party Transaction [Line Items]
Common shares redeemed and canceled \| shares			24,549,222
Amount due to officers and directors					$ 800,000		$ 1,000,000
Notice required for lease termination at Villa Suite, days \| d					90
Number of percentage points used to determine discount on home purchase					10
Purchase of home for director					$ 9,400,000
Consideration in event of employee agreement termination				$ 1.00
Area of land \| a					2
Term of notice required to exercise option					30 days
Agreement expiration					2020-10
Surname Rights Agreement expiration date					October 24, 2017
SW Lease
Related Party Transaction [Line Items]
Rental value		$ 440,000				$ 503,831
SW Lease \| After Amendment
Related Party Transaction [Line Items]
Rental value	$ 525,000

Property Charges and Other (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Component Of Other Operating Income And Expense [Line Items]
Net loss on assets abandoned/retired for remodel or sold	$ 7,358	$ 29,524	$ 19,708
Donation to University of Macau Foundation	3,780	4,083	109,563
Loss on contract termination	6,000	315
Loss on show cancellation		6,056	1,378
Property charges and other	$ 17,138	$ 39,978	$ 130,649

Property Charges and Other - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	May 31, 2011	Dec. 31, 2013
Property Charges and Other [Line Items]
Donation payments made during period	$ 25
Donation commitments, yearly payable contributions for 2012 through 2022		$ 10
Total donation commitments		$ 135

Stockholder's Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended					12 Months Ended			72 Months Ended
	Nov. 30, 2013	Aug. 31, 2013	May 31, 2013	Feb. 28, 2013	Feb. 18, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
Class of Stock [Line Items]
Common stock, shares authorized						400,000,000	400,000,000		400,000,000
Common stock, par value						$ 0.01	$ 0.01		$ 0.01
Common stock, shares outstanding						101,192,408	100,866,712		101,192,408
Common stock, voting rights						One vote
Repurchase of equity amount authorized						$ 1,700,000
Treasury stock, shares						12,978,085	12,863,730		12,978,085
Net cost for common stock purchased						$ 15,472	$ 911	$ 7,629	$ 1,100,000
Stock repurchases, shares						114,355	7,640
Dividend paid	$ 1.00	$ 1.00	$ 1.00	$ 1.00		$ 3.00
Preferred stock, shares authorized						40,000,000	40,000,000		40,000,000
Preferred stock, par value						$ 0.01	$ 0.01		$ 0.01
Preferred stock, shares issued						0	0		0
Common shares redeemed and canceled					24,549,222

Noncontrolling Interest - Additional Information (Detail) $ in Thousands	1 Months Ended							12 Months Ended
	Aug. 23, 2013 USD ($)	Aug. 23, 2013 $ / shares	Mar. 28, 2013 USD ($)	Mar. 28, 2013 $ / shares	Nov. 16, 2011 USD ($)	Nov. 16, 2011 $ / shares	Oct. 31, 2009 USD ($) shares	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
Noncontrolling Interest [Line Items]
Subsidiary common stock, shares issued \| shares							1,437,500,000
Percentage of issuance of common stock							27.70%
Proceeds from Wynn Macau, Ltd IPO							$ 1,800,000
Transaction cost							$ 84,000
Net income attributable to noncontrolling interest								$ 275,505	$ 226,663	$ 211,742
Reduction in noncontrolling interest	$ 92,700		$ 229,600		$ 221,600
Wynn Macau Limited Ipo
Noncontrolling Interest [Line Items]
Dividend per share \| $ / shares		$ 0.50		$ 1.24		$ 1.20
Total dividend	334,500		828,600		800,000
Company share of dividend	$ 241,800		$ 599,100		$ 578,300

Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]
Multi-employer plan, period contributions	$ 9,000,000	$ 8,600,000	$ 7,600,000
Company's matching contribution percentage	5.00%
Grant date expiration term	10 years
Unrecognized compensation cost related to nonvested shares	$ 26,300,000
Cliff vesting period		8 years
Chief Operating Officer
Defined Benefit Plan Disclosure [Line Items]
Share base compensation	$ 23,000,000
WRL Stock Plan
Defined Benefit Plan Disclosure [Line Items]
Reserve for share based compensation, shares	12,750,000
Shares available for grant	4,438,524
Unrecognized compensation cost related to vested shares	$ 33,400,000
WML Stock Plan
Defined Benefit Plan Disclosure [Line Items]
Unrecognized compensation cost related to nonvested shares	$ 700,000
401 K Plan
Defined Benefit Plan Disclosure [Line Items]
Company's matching contribution percentage	50.00%
Annual contributions per employee amount	$ 500
Retirement savings plan contribution expense	$ 1,200,000	$ 0	0
401 K Plan \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Employee contributions, percentage	6.00%
Wynn Macau
Defined Benefit Plan Disclosure [Line Items]
Retirement savings plan contribution expense	$ 7,500,000	$ 7,100,000	$ 6,600,000
Employee contribution percentage	5.00%
Company's matching contribution percentage	10.00%
Vesting period	10 years
Wynn Macau \| WML Stock Plan
Defined Benefit Plan Disclosure [Line Items]
Reserve for share based compensation, shares	518,750,000

Summary of Option Activity (Detail)	12 Months Ended
Summary of Option Activity (Detail)	Dec. 31, 2013 USD ($) $ / shares shares
WRL Stock Plan
Options
Options outstanding, beginning balance \| shares	2,397,820
Options, Granted \| shares	77,800
Options, Exercised \| shares	(383,151)
Options, Forfeited or Expired \| shares	(486,160)
Options outstanding, ending balance \| shares	1,606,309
Option Fully vested and expected to vest at December 31, 2013 \| shares	1,546,461
Option Exercisable at December 31, 2013 \| shares	181,761
Weighted Average Exercise Price
Weighted Average Exercise Price, beginning balance \| $ / shares	$ 66.89
Weighted Average Exercise Price, Granted \| $ / shares	139.54
Weighted Average Exercise Price, Exercised \| $ / shares	53.34
Weighted Average Exercise Price, Forfeited or Expired \| $ / shares	59.50
Weighted Average Exercise Price, ending balance \| $ / shares	75.89
Weighted Average Exercise Price, fully vested and expected to vest \| $ / shares	75.63
Weighted Average Exercise Price, Exercisable \| $ / shares	$ 69.79
Weighted Average Remaining Contractual Term
Weighted Average Remaining Contractual Term, Outstanding	5 years 3 months 18 days
Weighted Average Remaining Contractual Term, fully vested and expected to vest	5 years 3 months 22 days
Weighted Average Remaining Contractual Term, Exercisable	4 years 11 months 5 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, ending balance \| $	$ 190,064,746
Aggregate Intrinsic Value, fully vested and expected to vest \| $	183,393,072
Aggregate Intrinsic Value, Exercisable \| $	$ 22,614,588
WML Stock Plan
Options
Options outstanding, beginning balance \| shares	2,110,000
Options, Granted \| shares	800,000
Options outstanding, ending balance \| shares	2,910,000
Option Fully vested and expected to vest at December 31, 2013 \| shares	2,910,000
Option Exercisable at December 31, 2013 \| shares	862,000
Weighted Average Exercise Price
Weighted Average Exercise Price, beginning balance \| $ / shares	$ 2.15
Weighted Average Exercise Price, Granted \| $ / shares	3.21
Weighted Average Exercise Price, ending balance \| $ / shares	2.44
Weighted Average Exercise Price, fully vested and expected to vest \| $ / shares	2.44
Weighted Average Exercise Price, Exercisable \| $ / shares	$ 1.95
Weighted Average Remaining Contractual Term
Weighted Average Remaining Contractual Term, Outstanding	7 years 9 months 18 days
Weighted Average Remaining Contractual Term, fully vested and expected to vest	7 years 9 months 18 days
Weighted Average Remaining Contractual Term, Exercisable	6 years 9 months 18 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, ending balance \| $	$ 6,082,136
Aggregate Intrinsic Value, fully vested and expected to vest \| $	6,082,136
Aggregate Intrinsic Value, Exercisable \| $	$ 2,224,036

Summary of Stock Option (Detail) - USD ($)	12 Months Ended
Summary of Stock Option (Detail) - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
WRL Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 39.93	$ 33.03	$ 48.31
Intrinsic value of stock options exercised	$ 33,830,000	$ 22,416,000	$ 36,776,000
Net cash proceeds from exercise of stock options	20,436,000	15,583,000	23,789,000
Tax benefits realized from the exercise of stock options and vesting of restricted stock	$ 10,474,000	$ 5,537,000	$ 11,176,000
WML Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 0.78	$ 0.78	$ 0.75
Intrinsic value of stock options exercised			$ 99,200
Net cash proceeds from exercise of stock options			$ 70,200

Summary of WRL Stock Plan Nonvested Shares (Detail)	12 Months Ended
Summary of WRL Stock Plan Nonvested Shares (Detail)	Dec. 31, 2013 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Shares, beginning balance \| shares	651,500
Shares, Granted \| shares	135,400
Shares, Vested \| shares	(310,900)
Shares, Forfeited \| shares	(78,500)
Nonvested Shares, ending balance \| shares	397,500
Nonvested Shares, Weighted Average Grant Date Fair Value, beginning balance \| $ / shares	$ 103.27
Weighted Average Grant Date Fair Value, Granted \| $ / shares	125.56
Weighted Average Grant Date Fair Value, Vested \| $ / shares	116.85
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	131.79
Nonvested Shares, Weighted Average Grant Date Fair Value, ending balance \| $ / shares	$ 113.13

Summary of Nonvested of WRL Stock Plan (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 113.13	$ 103.27
WRL Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 125.56	$ 110.04	$ 129.55
Fair value of shares vested	$ 36,328	$ 15,653	$ 24,865

Summary of Fair Value Per Option Estimated on Date of Grant (Detail)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
WRL Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	3.00%	4.00%	4.00%
Expected stock price volatility	39.40%	48.80%	49.70%
Risk-free interest rate	1.10%	1.20%	2.40%
Expected average life of options (years)	6 years 8 months 12 days	7 years	6 years 6 months
WML Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	5.00%	4.00%	4.00%
Expected stock price volatility	43.30%	49.00%	37.80%
Risk-free interest rate	0.60%	0.70%	2.10%
Expected average life of options (years)	6 years 6 months	6 years 6 months	6 years 6 months

Summary of Total Compensation Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 39,537	$ 19,648	$ 23,881
Total stock-based compensation capitalized	196	195	886
Total stock-based compensation costs	39,733	19,843	24,767
Casino
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4,791	4,794	8,997
Rooms
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	853	313	383
Food and Beverage
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,202	178	429
Entertainment, Retail and Other
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	477	43	24
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 32,214	$ 14,320	$ 14,048

Summary of Consolidated Income (Loss) Before Taxes For Domestic and Foreign Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Loss Or Income Before Income Taxes [Line Items]
Domestic	$ (9,935)	$ (87,122)	$ 49,521
Foreign	996,458	820,120	756,046
Total	$ 986,523	$ 732,998	$ 805,567

Summary of Benefit (Provision) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Taxes Provision Benefit Summary Of Income Taxes [Line Items]
Federal, Current	$ 135	$ 5,912
Foreign, Current	2,057	2,042	$ (3,386)
Current, Total	2,192	7,954	(3,386)
Federal, Deferred	(19,826)	(3,655)	(10,809)
Foreign, Deferred			(5,351)
Deferred, Total	(19,826)	(3,655)	(16,160)
Income tax benefit (provision), total	$ (17,634)	$ 4,299	$ (19,546)

Income Taxes (Federal Statutory Corporate Tax Rate) (Detail)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation of Statutory Federal Tax Rate [Line Items]
Federal statutory rate	35.00%	35.00%	35.00%
Foreign tax rate differential	(23.10%)	(25.60%)	(21.30%)
Non-taxable foreign income	(13.40%)	(15.40%)	(13.00%)
Foreign tax credits, net of valuation allowance	(89.30%)	1.70%	(80.80%)
Repatriation of foreign earnings	87.20%	0.00%	76.30%
Other, net	1.90%	3.60%	0.40%
Valuation allowance, other	(0.10%)	1.30%	1.00%
Effective tax rate	(1.80%)	0.60%	(2.40%)

Income Taxes - Additional Information (Detail) $ / shares in Units, MOP$ in Millions		1 Months Ended	12 Months Ended
	Nov. 30, 2010	Jul. 31, 2011 USD ($) yr	Dec. 31, 2013 USD ($) yr $ / shares	Dec. 31, 2012 USD ($) $ / shares	Dec. 31, 2011 USD ($) $ / shares	Jul. 31, 2011 MOP (MOP$)
Income Taxes [Line Items]
Length of second tax exemption period	5 years
Complementary tax rate			12.00%
Amount of complementary tax exemption			$ 107,300,000	$ 87,100,000	$ 82,700,000
Amount of complementary tax exemption per share \| $ / shares			$ 1.06	$ 0.84	$ 0.66
Annual complementary tax to be paid		$ 1,900,000	$ 1,900,000	$ 1,900,000	$ 1,900,000	MOP$ 15.5
Length of complementary tax exemption, years \| yr		5
Recognized foreign tax credit tax benefit net of valuation allowance			879,700,000	0	647,600,000
Increase in valuation allowance for deferred tax assets			755,500,000	19,100,000
Tax benefits resulting from the exercise of nonqualified stock options and the value of vested restricted stock and accrued dividends			10,500,000	5,500,000	11,200,000
Foreign tax credit carryforwards			$ 2,615,000,000
U.S. capital loss carryforward incurred					3,600,000
U.S. capital loss carryforward expiration			2016
Foreign tax credit carryforward time period, years \| yr			10
Temporary differences resulting from earnings of certain non-U.S. subsidiaries			$ 135,800,000	116,800,000
Accumulated earnings to be repatriated			434,000,000
U.S. and foreign uncertain tax positions that increase NOL and foreign tax credit carryforward deferred tax assets			60,300,000	55,200,000	60,400,000
Uncertain tax positions, noncurrent			29,200,000	29,100,000	25,100,000
Unrecognized tax benefits that would impact the effective tax rate if recognized			20,700,000	18,800,000	24,200,000
Recognized interest and penalties			0	300,000	40,000
Cash tax payment				1,300,000	1,100,000
Decrease in unrecognized tax benefits due to expiration of the statute of limitations			3,105,000	9,349,000	10,763,000
Minimum
Income Taxes [Line Items]
Unrecognized tax benefit increase resulting in tax settlements			0
Maximum
Income Taxes [Line Items]
Unrecognized tax benefit increase resulting in tax settlements			500,000
Tax Credit Carryforward Expiry In 2018
Income Taxes [Line Items]
Foreign tax credit carryforwards			660,500,000
Tax Credit Carryforward Expiry In 2019
Income Taxes [Line Items]
Foreign tax credit carryforwards			110,900,000
Tax Credit Carryforward Expiry In 2020
Income Taxes [Line Items]
Foreign tax credit carryforwards			530,400,000
Tax Credit Carryforward Expiry In 2021
Income Taxes [Line Items]
Foreign tax credit carryforwards			540,300,000
Tax Credit Carryforward Expiry In Two Thousand Twenty Three
Income Taxes [Line Items]
Foreign tax credit carryforwards			772,600,000
Foreign Tax Credit
Income Taxes [Line Items]
Valuation allowance			2,543,000,000	1,786,000,000
Other Deferred Tax Asset
Income Taxes [Line Items]
Valuation allowance			5,800,000	11,100,000
Wynn Macau
Income Taxes [Line Items]
Repatriation of foreign earnings			840,900,000	0
Foreign Tax Credit Carryforwards
Income Taxes [Line Items]
Cash tax payment				3,100,000
General Business Tax Carryforwards
Income Taxes [Line Items]
Cash tax payment				900,000
Expansion
Income Taxes [Line Items]
Temporary differences resulting from earnings of certain non-U.S. subsidiaries			$ 388,100,000	333,600,000
Foreign
Income Taxes [Line Items]
Gaming tax			35.00%
Tax loss carryforward			$ 42,400,000	$ 79,100,000	$ 70,900,000
Tax loss carryforwards expiration			2016	2015	2014
U.S.
Income Taxes [Line Items]
Tax credit of "net" foreign source income			35.00%
Foreign tax credit carryforwards			$ 2,614,665,000	$ 1,843,757,000
Tax loss carryforward			$ 0

Summary of Net Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Deferred Tax Assets And Liabilities [Line Items]
Foreign tax credit carryforwards	$ 2,615,000
Net deferred tax liability	(18,378)	$ (48,677)
U.S.
Deferred Tax Assets And Liabilities [Line Items]
Receivables,inventories,accrued liabilities and other	36,556	38,488
Less: valuation allowance	(34,347)	(35,386)
Deferred tax assets, net, current, total	2,209	3,102
Foreign tax credit carryforwards	2,614,665	1,843,757
Intangibles and related other	26,324	26,773
Stock based compensation	10,736	19,113
Pre-opening costs	12,884	14,584
Other	11,341	12,320
Long-term deferred tax assets gross	2,675,950	1,916,547
Less: valuation allowance	(2,514,258)	(1,762,090)
Deferred tax assets, net, total	161,692	154,457
Prepaid insurance, maintenance and taxes	(6,243)	(6,280)
Property and equipment	(176,036)	(199,956)
Foreign
Deferred Tax Assets And Liabilities [Line Items]
Accrued liabilities	164	156
Less: valuation allowance	(164)	(156)
Net operating loss carryforwards	13,701	17,157
Property and equipment	17,441	11,973
Pre-opening costs	3,040	854
Other	4,074	3,929
Less: valuation allowance	(38,256)	(33,913)
Deferred tax assets, net, non current

Reconciliation Of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Tax Contingency [Line Items]
Balance-beginning of year	$ 84,289	$ 85,498	$ 83,834
Additions based on tax positions of the current year	8,360	8,140	12,427
Additions based on tax positions of prior years
Reductions for tax positions of prior years
Settlements
Lapses in statutes of limitations	(3,105)	(9,349)	(10,763)
Balance-end of year	$ 89,544	$ 84,289	$ 85,498

Commitments and Contingencies - Additional Information (Detail) $ in Thousands, $ in Millions	1 Months Ended						12 Months Ended
	Feb. 13, 2014 USD ($)	Jul. 29, 2013 USD ($)	Feb. 14, 2013 USD ($)	Jun. 19, 2012	Feb. 18, 2012 USD ($) shares	Dec. 31, 2011 USD ($)	Dec. 31, 2013 USD ($) Derivative Room Installment a	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Jul. 29, 2013 HKD ($)	Feb. 22, 2013 shares	May 03, 2010 USD ($)
Commitments and Contingencies [Line Items]
Land premium payment obligation, current							$ 29,341	$ 27,937
Land premium payment obligation, noncurrent							46,819	76,186
Contingent rentals							101,000	94,000	$ 73,200
Rent expenses							21,900	$ 21,500	$ 20,200
Letter of credit outstanding							$ 16,700
Common stock redeemed, shares \| shares					24,549,222
Debt purchase price percentage of aggregate principal amount							101.00%
Number of derivative actions commenced \| Derivative							6
Number of derivative actions commenced in the U.S. District Court \| Derivative							4
Number of derivative actions commenced in State Court \| Derivative							2
Redemption Price Promissory Note With Former Stockholder and Related Party, Due February 18, 2022; Interest At 2%
Commitments and Contingencies [Line Items]
Redemption price promissory note, principal amount					$ 1,940,000		$ 1,940,000
Redemption price promissory note, maturity date					Feb. 18, 2022		Feb. 18, 2022	Feb. 18, 2022
Debt instrument, interest rate					2.00%		2.00%	2.00%
Interest payment due			$ 38,700
Four And One Over Four Percentage Wynn Las Vegas Senior Notes Due May Thirty Two Thousand Twenty Three
Commitments and Contingencies [Line Items]
Redemption price promissory note, maturity date							May 30, 2023
Debt instrument, interest rate				4.25%
Payment Default Classification Period for Interest Payment				60 days			30 days
Wynn Palace
Commitments and Contingencies [Line Items]
Number of rooms in hotel \| Room							1,700
Aruze USA, Inc.
Commitments and Contingencies [Line Items]
Common stock redeemed, shares \| shares					24,549,222
Redemption price promissory note, principal amount					$ 1,940,000
Redemption price promissory note, maturity date					Feb. 18, 2022
Debt instrument, interest rate					2.00%
Directors
Commitments and Contingencies [Line Items]
Percentage of shares voted in favor of removal of Mr. Okada											99.60%
Number of voted shares \| shares											86,000,000
Pending Litigation
Commitments and Contingencies [Line Items]
Loss contingency, estimate of possible loss												$ 32,000
Subsequent Event \| Redemption Price Promissory Note With Former Stockholder and Related Party, Due February 18, 2022; Interest At 2%
Commitments and Contingencies [Line Items]
Interest payment due	$ 38,700
Minimum
Commitments and Contingencies [Line Items]
Term of employment agreement							3 years
Maximum
Commitments and Contingencies [Line Items]
Term of employment agreement							5 years
Cotai Development and Land Concession Contract
Commitments and Contingencies [Line Items]
Quantity of land acquired (acres) \| a							51
Land concession contract period (years)							25 years
Total land premium payable							$ 193,400
Down payment of premium						$ 62,500
Individual semi-annual payment of premium (8 total)							$ 16,400
Number of additional semi-annual payments \| Installment							8
Rate of interest on premium							5.00%
Project Budget							$ 4,000,000
Cotai Development and Land Concession Contract \| Guarantee Obligations
Commitments and Contingencies [Line Items]
Guaranteed maximum price of contract		$ 2,570,000								$ 20,000
Bond as a percentage of guaranteed maximum price		5.00%
Pre Construction Completion Payments
Commitments and Contingencies [Line Items]
Annual lease payments							800
Post Construction Completion Payments
Commitments and Contingencies [Line Items]
Annual lease payments							$ 1,100

Future Minimum Rentals Received Under Operating Leases (Detail) $ in Thousands	Dec. 31, 2013 USD ($)
Future Minimum Payments Under Non-Cancelable Operating Leases With Initial Terms Of One-Year Or More [Line Items]
2014	$ 39,735
2015	40,805
2016	38,276
2017	28,713
2018	5,929
Thereafter	17,220
Total	$ 170,678

Future Minimum Rental Payable Under Non-cancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2013 USD ($)
Operating Leased Assets [Line Items]
2014	$ 8,835
2015	8,556
2016	6,091
2017	1,997
2018	1,393
Thereafter	4,799
Total	$ 31,671

Summary of Assets by Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment Reporting Information [Line Items]
Assets	$ 8,377,030	$ 7,276,594
Capital expenditures	506,786	240,985	$ 184,146
Wynn Macau
Segment Reporting Information [Line Items]
Assets	3,918,163	3,004,658
Capital expenditures	442,274	189,384
Wynn Las Vegas
Segment Reporting Information [Line Items]
Assets	3,576,649	3,669,881
Capital expenditures	63,872	41,552
Corporate and other
Segment Reporting Information [Line Items]
Assets	882,218	602,055
Capital expenditures	$ 640	$ 10,049

Summary of Results of Operations by Segment (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Segment Reporting Information [Line Items]

Net revenues

$ 1,519,897

$ 1,390,112

$ 1,332,273

$ 1,378,654

$ 1,289,084

$ 1,298,495

$ 1,253,207

$ 1,313,498

$ 5,620,936

$ 5,154,284

$ 5,269,792

Adjusted Property EBITDA

^[1]

1,810,801

1,575,812

1,635,268

Other operating costs and expenses

Pre-opening costs

3,169

466

Depreciation and amortization

371,051

373,199

398,039

Property charges and other

17,138

39,978

130,649

Corporate expenses and other

128,267

131,807

96,868

Equity in income from unconsolidated affiliates

1,085

1,086

1,472

Total

520,710

546,536

627,028

Operating income

368,441

313,978

274,024

333,648

257,962

247,092

264,123

260,099

1,290,091

1,029,276

1,008,240

Non-operating costs and expenses

Interest income

15,713

12,543

7,654

Interest expense, net of capitalized interest

(299,022)

(288,759)

(229,918)

Increase in swap fair value

14,235

991

14,151

Loss from extinguishment of debt

(40,435)

(25,151)

Equity in income from unconsolidated affiliates

1,085

1,086

1,472

Other

4,856

3,012

3,968

Other income (expense), net

(303,568)

(296,278)

(202,673)

Income before income taxes

986,523

732,998

805,567

Benefit (provision) for income taxes

17,634

(4,299)

19,546

Net income

$ 290,486

$ 248,811

$ 192,716

$ 272,144

$ 165,826

$ 165,171

$ 199,293

$ 198,409

1,004,157

728,699

825,113

Wynn Macau

Segment Reporting Information [Line Items]

Net revenues

4,040,526

3,667,454

3,789,073

Adjusted Property EBITDA

^[1]

1,324,119

1,167,340

1,196,232

Wynn Las Vegas

Segment Reporting Information [Line Items]

Net revenues

1,580,410

1,486,830

1,480,719

Adjusted Property EBITDA

^[1]

$ 486,682

$ 408,472

$ 439,036

[1]

"Adjusted Property EBITDA" is earnings before interest, taxes, depreciation, amortization, pre-opening costs, property charges and other, corporate expenses, intercompany golf course and water rights leases, stock-based compensation, and other non-operating income and expenses and includes equity in income from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors. The Company also presents Adjusted Property EBITDA because it is used by some investors as a way to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to financial measures in accordance with U.S. generally accepted accounting principles ("GAAP"). In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including Wynn Resorts, Limited, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, which do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, Wynn Resorts' calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

Selected Quarterly Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Effect of Fourth Quarter Events [Line Items]
Net revenues	$ 1,519,897	$ 1,390,112	$ 1,332,273	$ 1,378,654	$ 1,289,084	$ 1,298,495	$ 1,253,207	$ 1,313,498	$ 5,620,936	$ 5,154,284	$ 5,269,792
Operating income	368,441	313,978	274,024	333,648	257,962	247,092	264,123	260,099	1,290,091	1,029,276	1,008,240
Net income	290,486	248,811	192,716	272,144	165,826	165,171	199,293	198,409	1,004,157	728,699	825,113
Net income attributable to Wynn Resorts, Limited	$ 213,884	$ 182,020	$ 129,785	$ 202,963	$ 111,373	$ 112,035	$ 138,064	$ 140,564	$ 728,652	$ 502,036	$ 613,371
Basic income per share	$ 2.12	$ 1.81	$ 1.29	$ 2.02	$ 1.11	$ 1.12	$ 1.38	$ 1.25	$ 7.25	$ 4.87	$ 4.94
Diluted income per share	$ 2.10	$ 1.79	$ 1.28	$ 2.00	$ 1.10	$ 1.11	$ 1.37	$ 1.23	$ 7.17	$ 4.82	$ 4.88

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Subsequent Event - Additional Information (Detail) - Subsequent Event	1 Months Ended
	Jan. 31, 2014 $ / shares
Subsequent Event [Line Items]
Declared cash dividend	$ 1.25
Dividend payable, date declared	Jan. 30, 2014
Dividend payable, date to be paid	Feb. 27, 2014
Dividend payable, record date	Feb. 13, 2014

Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 2,435,041	$ 1,725,219	$ 1,262,587	$ 1,258,499
Investment securities	174,399	138,887
Receivables	241,932	238,573
Total current assets	2,968,814	2,202,378
Property and equipment, net	4,934,449	4,727,899
Other assets	91,001	99,227
Investment in subsidiaries	4,148	4,270
Total assets	8,377,030	7,276,594
Current liabilities:
Accounts payable	272,861	164,858
Accrued compensation and benefits	83,769	75,962
Interest payable	101,442	100,562
Other accrued liabilities	47,739	44,244
Deferred income taxes, net	4,035	3,178
Total current liabilities	1,455,534	1,131,377
Long-term debt	6,586,518	5,781,770
Other long-term liabilities	141,465	137,830
Uncertain tax position liability	29,200	29,100	25,100
Deferred income taxes, net	14,343	45,499
Total liabilities	8,244,679	7,172,662
Commitments and contingencies (Note 2)
Stockholders' equity:
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding
Common stock, par value $0.01; 400,000,000 shares authorized; 114,170,493 and 113,730,442 shares issued; and, 101,192,408 and 100,866,712 shares outstanding	1,142	1,137
Treasury stock, at cost; 12,978,085 and 12,863,730 shares	(1,143,419)	(1,127,947)
Additional paid-in capital	888,727	818,821
Accumulated other comprehensive income	2,913	4,177
Retained earnings	66,130	44,775
Total Wynn Resorts, Limited stockholders' deficit	(184,507)	(259,037)
Noncontrolling interest	316,858	362,969
Total equity	132,351	103,932	2,223,454	2,380,585
Total liabilities and stockholders' equity	8,377,030	7,276,594
Wynn Resorts, Ltd
Current assets:
Cash and cash equivalents	299,716	179,939	$ 378,486	$ 662,561
Investment securities	169,496	89,155
Receivables	1,804	1,328
Prepaid expenses	3,165	2,698
Total current assets	474,181	273,120
Property and equipment, net	11,314	11,737
Investment securities	79,989	36,484
Other assets	33,787	33,682
Due from subsidiaries	298,410	232,400
Investment in subsidiaries	1,269,696	1,586,186
Total assets	2,167,377	2,173,609
Current liabilities:
Accounts payable	334	171
Accrued compensation and benefits	1,326	1,796
Interest payable	33,636	33,650
Other accrued liabilities	4,865	3,750
Deferred income taxes, net	4,034	3,178
Total current liabilities	44,195	42,545
Long-term debt	1,936,443	1,936,443
Other long-term liabilities	10,770	16,051
Uncertain tax position liability	29,275	29,139
Deferred income taxes, net	14,343	45,499
Total liabilities	2,035,026	2,069,677
Commitments and contingencies (Note 2)
Stockholders' equity:
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding
Common stock, par value $0.01; 400,000,000 shares authorized; 114,170,493 and 113,730,442 shares issued; and, 101,192,408 and 100,866,712 shares outstanding	1,142	1,137
Treasury stock, at cost; 12,978,085 and 12,863,730 shares	(1,143,419)	(1,127,947)
Additional paid-in capital	888,727	818,821
Accumulated other comprehensive income	2,913	4,177
Retained earnings	66,130	44,775
Total Wynn Resorts, Limited stockholders' deficit	(184,507)	(259,037)
Noncontrolling interest	316,858	362,969
Total equity	132,351	103,932
Total liabilities and stockholders' equity	$ 2,167,377	$ 2,173,609

Condensed Balance Sheets (Parenthetical) (Detail) - $ / shares	Dec. 31, 2013	Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	40,000,000	40,000,000
Preferred stock, shares issued	0	0
Preferred stock, par shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	114,170,493	113,730,442
Common stock, shares outstanding	101,192,408	100,866,712
Treasury stock, shares	12,978,085	12,863,730
Wynn Resorts, Ltd
Condensed Financial Statements, Captions [Line Items]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	40,000,000	40,000,000
Preferred stock, shares issued	0	0
Preferred stock, par shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	114,170,493	113,730,442
Common stock, shares outstanding	101,192,408	100,866,712
Treasury stock, shares	12,978,085	12,863,730

Condensed Statements of Income (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating revenues:
Net revenues	$ 1,519,897	$ 1,390,112	$ 1,332,273	$ 1,378,654	$ 1,289,084	$ 1,298,495	$ 1,253,207	$ 1,313,498	$ 5,620,936	$ 5,154,284	$ 5,269,792
Operating costs and expenses:
General and administrative									448,788	441,699	389,053
Depreciation and amortization									371,051	373,199	398,039
Property charges and other									17,138	39,978	130,649
Total operating costs and expenses									4,330,845	4,125,008	4,261,552
Operating income	368,441	313,978	274,024	333,648	257,962	247,092	264,123	260,099	1,290,091	1,029,276	1,008,240
Other income (expense):
Interest and other income									15,713	12,543	7,654
Interest expense, net of amounts capitalized									(299,022)	(288,759)	(229,918)
Equity in income of subsidiaries									1,085	1,086	1,472
Other income (expense), net									(303,568)	(296,278)	(202,673)
Income before income taxes									986,523	732,998	805,567
Benefit (provision) for income taxes									17,634	(4,299)	19,546
Net income	290,486	248,811	192,716	272,144	165,826	165,171	199,293	198,409	1,004,157	728,699	825,113
Less: Net income attributable to noncontrolling interests.									(275,505)	(226,663)	(211,742)
Net income attributable to Wynn Resorts, Limited	$ 213,884	$ 182,020	$ 129,785	$ 202,963	$ 111,373	$ 112,035	$ 138,064	$ 140,564	$ 728,652	$ 502,036	$ 613,371
Net income:
Basic	$ 2.12	$ 1.81	$ 1.29	$ 2.02	$ 1.11	$ 1.12	$ 1.38	$ 1.25	$ 7.25	$ 4.87	$ 4.94
Diluted	$ 2.10	$ 1.79	$ 1.28	$ 2.00	$ 1.10	$ 1.11	$ 1.37	$ 1.23	$ 7.17	$ 4.82	$ 4.88
Weighted average common shares outstanding:
Basic									100,540	103,092	124,039
Diluted									101,641	104,249	125,667
Wynn Resorts, Ltd
Operating revenues:
Net revenues									$ 184,644	$ 169,419	$ 174,692
Operating costs and expenses:
General and administrative									45,285	70,602	30,421
Depreciation and amortization									423	421	421
Property charges and other										33
Total operating costs and expenses									45,708	71,056	30,842
Operating income									138,936	98,363	143,850
Other income (expense):
Interest and other income									1,486	1,116	865
Interest expense, net of amounts capitalized									(38,715)	(33,650)
Equity in income of subsidiaries									882,760	665,127	669,589
Other income (expense), net									845,531	632,593	670,454
Income before income taxes									984,467	730,956	814,304
Benefit (provision) for income taxes									19,690	(2,257)	10,809
Net income									1,004,157	728,699	825,113
Less: Net income attributable to noncontrolling interests.									(275,505)	(226,663)	(211,742)
Net income attributable to Wynn Resorts, Limited									$ 728,652	$ 502,036	$ 613,371
Net income:
Basic									$ 7.25	$ 4.87	$ 4.94
Diluted									$ 7.17	$ 4.82	$ 4.88
Weighted average common shares outstanding:
Basic									100,540	103,092	124,039
Diluted									101,641	104,249	125,667
Wynn Resorts, Ltd \| Wynn Las Vegas
Operating revenues:
Management/Royalty fees									$ 23,721	$ 22,318	$ 22,229
Wynn Resorts, Ltd \| Wynn Macau
Operating revenues:
Management/Royalty fees									$ 160,923	$ 147,101	$ 152,463

Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net income	$ 290,486	$ 248,811	$ 192,716	$ 272,144	$ 165,826	$ 165,171	$ 199,293	$ 198,409	$ 1,004,157	$ 728,699	$ 825,113
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization									371,051	373,199	398,039
Deferred income taxes									(19,826)	(3,655)	(10,822)
Stock-based compensation									39,537	19,648	23,881
Equity in income of subsidiaries									(1,085)	(1,086)	(1,472)
Increase (decrease) in cash from changes in:
Receivables									(14,875)	(21,019)	(84,653)
Accounts payable, accrued expenses and other									260,077	(12,581)	220,772
Net cash provided by operating activities									1,676,642	1,185,718	1,515,835
Cash flows from investing activities:
Purchase of investment securities									(222,856)	(183,445)	(316,533)
Proceeds from sales or maturities of investment securities									146,112	216,051	101,017
Net cash used in investing activities									(677,580)	(344,854)	(459,100)
Cash flows from financing activities:
Cash distributions									(1,034,986)	(955,493)	(1,033,447)
Exercise of stock options									20,436	15,583	23,859
Repurchase of common stock									(15,472)	(911)	(7,629)
Net cash used in financing activities									(291,143)	(382,479)	(1,057,641)
Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents									709,822	462,632	4,088
Balance, beginning of year				1,725,219				1,262,587	1,725,219	1,262,587	1,258,499
Balance, end of year	2,435,041				1,725,219				2,435,041	1,725,219	1,262,587
Wynn Resorts, Ltd
Cash flows from operating activities:
Net income									1,004,157	728,699	825,113
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization									423	421	421
Deferred income taxes									(19,826)	(3,655)	(10,809)
Stock-based compensation									26,964	11,894	10,663
Amortization of discount on investment securities and other									3,338	3,762
Dividends received from subsidiary									840,914	700,025	578,240
Equity in income of subsidiaries									(882,760)	(665,127)	(669,589)
Increase (decrease) in cash from changes in:
Receivables									(476)	823	(1,610)
Prepaid expenses									(467)	(1,695)	(9)
Accounts payable, accrued expenses and other									1,515	38,337	5,168
Due from affiliates									(23,721)	(22,318)	(22,065)
Net cash provided by operating activities									950,061	791,166	715,523
Cash flows from investing activities:
Purchase of investment securities									(222,856)	(183,484)	(249,374)
Proceeds from sales or maturities of investment securities									95,771	202,406	101,017
Purchase of other assets									(105)	(33,682)
Due to (from) subsidiaries									4,623	(34,132)	(55,673)
Net cash used in investing activities									(122,567)	(48,892)	(204,030)
Cash flows from financing activities:
Cash distributions									(712,681)	(955,493)	(811,798)
Exercise of stock options									20,436	15,583	23,859
Repurchase of common stock									(15,472)	(911)	(7,629)
Net cash used in financing activities									(707,717)	(940,821)	(795,568)
Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents									119,777	(198,547)	(284,075)
Balance, beginning of year				$ 179,939				$ 378,486	179,939	378,486	662,561
Balance, end of year	$ 299,716				$ 179,939				$ 299,716	$ 179,939	$ 378,486

WYNN RESORTS, LIMITED (Parent Company Only) (Basis Of Presentation) - Additional Information (Detail)	1 Months Ended
	Oct. 31, 2009 shares
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Common stock of subsidiary sold	1,437,500,000
Percentage of subsidiary's common stock sold	27.70%

WYNN RESORTS, LIMITED (Parent Company Only) (Commitments and Contingencies) - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Wynn Resorts, Ltd
Commitments and Contingencies [Line Items]
Cash dividends paid to parent company	$ 840.9	$ 700.0	$ 578.3

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 102,213	$ 91,854	$ 77,452
Provisions for Doubtful Accounts	11,877	18,091	33,778
Write-offs, Net of Recoveries	(40,099)	(7,732)	(19,376)
Ending balance	73,991	102,213	91,854
Valuation Allowance of Deferred Tax Assets
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	1,831,545	1,812,482	1,285,916
Provisions for Doubtful Accounts	773,509	29,132	533,474
Write-offs, Net of Recoveries	(18,029)	(10,069)	(6,908)
Ending balance	$ 2,587,025	$ 1,831,545	$ 1,812,482