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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2013	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
Entity Registrant Name	WYNN LAS VEGAS LLC
Entity Central Index Key	0001180638
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0
Entity Public Float		$ 0
Membership Interests Description	Wynn Resorts Holdings, LLC owns all of the membership interests of the registrant.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 231,156	$ 148,415
Receivables, net	168,734	162,395
Inventories	49,326	42,229
Prepaid expenses and other	28,422	26,697
Total current assets	477,638	379,736
Property and equipment, net	3,032,884	3,215,605
Intangible assets, net	1,399	2,262
Deferred financing costs, net	35,445	40,871
Deposits and other assets	25,502	27,489
Investment in unconsolidated affiliates	3,780	3,918
Total assets	3,576,648	3,669,881
Current liabilities:
Current portion of long-term debt	1,050	1,050
Accounts payable	39,188	39,431
Accrued interest	59,316	64,048
Accrued compensation and benefits	48,706	45,580
Gaming taxes payable	15,505	14,023
Other accrued liabilities	21,308	21,813
Customer deposits	98,915	106,243
Due to affiliates, net	10,155	37,755
Total current liabilities	294,143	329,943
Long-term debt	3,131,626	3,125,424
Due to affiliates, net	170,066	146,345
Other	3,614	1,084
Total liabilities	3,599,449	3,602,796
Commitments and contingencies (Note 11)
Member's (deficit) equity:
Contributed capital	1,198,532	1,192,135
Accumulated deficit	(1,221,333)	(1,125,050)
Total member's (deficit) equity	(22,801)	67,085
Total liabilities and member's equity	$ 3,576,648	$ 3,669,881

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating revenues:
Casino	$ 682,787	$ 592,308	$ 625,207
Rooms	377,592	362,317	354,040
Food and beverage	489,063	490,963	454,712
Entertainment, retail and other	220,386	228,607	229,586
Gross revenues	1,769,828	1,674,195	1,663,545
Less: promotional allowances	(188,540)	(186,589)	(181,650)
Net revenues	1,581,288	1,487,606	1,481,895
Operating costs and expenses:
Casino	315,815	307,826	298,229
Rooms	129,619	124,000	122,200
Food and beverage	307,958	290,114	264,878
Entertainment, retail and other	129,203	140,085	146,989
General and administrative	243,107	231,214	225,457
Provision for doubtful accounts	7,534	18,306	20,332
Management fees	23,721	22,318	22,229
Depreciation and amortization	245,119	250,153	263,639
Property charges and other	12,162	29,563	16,623
Total operating costs and expenses	1,414,238	1,413,579	1,380,576
Operating income	167,050	74,027	101,319
Other income (expense):
Interest income and other	80	626	263
Interest expense, net of amounts capitalized	(223,185)	(224,271)	(201,339)
Increase in swap fair value		2,260	3,829
Loss on extinguishment of debt	(40,435)	(7,449)
Equity in income from unconsolidated affiliates	207	311	296
Other income (expense), net	(263,333)	(228,523)	(196,951)
Net loss	(96,283)	(154,496)	(95,632)
Other comprehensive income
Total comprehensive loss	$ (96,283)	$ (154,496)	$ (95,632)

Consolidated Statements of Member's Equity (Deficit) $ in Thousands	USD ($)
Beginning Balance at Dec. 31, 2010	$ 1,098,502
Net loss	(95,632)
Parent company stock-based compensation	7,437
Ending Balance at Dec. 31, 2011	1,010,307
Net loss	(154,496)
Parent company stock-based compensation	5,291
Distribution to Wynn Resorts, Limited	(794,017)
Ending Balance at Dec. 31, 2012	67,085
Net loss	(96,283)
Parent company stock-based compensation	6,397
Ending Balance at Dec. 31, 2013	$ (22,801)

- Definition

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

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+ Details

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 loss	$ (96,283)	$ (154,496)	$ (95,632)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	245,119	250,153	263,639
Stock-based compensation	6,397	5,291	7,437
Loss on extinguishment of debt	40,435	7,449
Amortization and write-offs of deferred financing costs and other	9,553	12,449	13,822
Equity in income from unconsolidated affiliates, net of distributions	138	58	93
Provision for doubtful accounts	7,534	18,306	20,332
Property charges and other	2,613	26,332	14,689
Increase in swap fair value		(2,260)	(3,829)
Increase (decrease) in cash from changes in:
Receivables	(13,493)	(43,541)	(35,747)
Inventories and prepaid expenses and other	(8,822)	3,033	13,237
Accounts payable and accrued expenses	(7,014)	31,013	5,679
Due to affiliates, net	3,622	16,513	24,242
Net cash provided by operating activities	189,799	170,300	227,962
Cash flows used in investing activities:
Capital expenditures, net of construction payables and retention	(63,872)	(41,552)	(65,207)
Deposits and purchase of other assets	(2,347)	(2,603)	(2,348)
Due (from) to affiliates, net	(6,797)	7,319	13,728
Proceeds from sale of equipment	187	477	255
Net cash used in investing activities	(72,829)	(36,359)	(53,572)
Cash flows from financing activities:
Principal payments on long-term debt	(501,400)	(372,267)	(25,473)
Proceeds from issuance of long-term debt	500,000	900,000
Distributions to parent		(700,025)
Interest rate swap settlement		(2,368)
Payments of financing costs	(32,829)	(12,265)	(58)
Net cash used in financing activities	(34,229)	(186,925)	(25,531)
Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents	82,741	(52,984)	148,859
Balance, beginning of year	148,415	201,399	52,540
Balance, end of year	231,156	148,415	201,399
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	222,188	203,618	197,949
Golf course and water rights distribution		93,992
Change in construction payables and retention	$ (662)	(6,017)	$ (3,479)
Asset transfers from affiliate		$ 1,176

Organization

12 Months Ended

Dec. 31, 2013

Organization

1. Organization

Wynn Las Vegas, LLC was formed on April 17, 2001 as a Nevada limited liability company. Unless the context otherwise requires, all references herein to the “Company” refer to Wynn Las Vegas, LLC, a Nevada limited liability company and its consolidated subsidiaries. The sole member of the Company is Wynn Resorts Holdings, LLC (“Holdings”). The sole member of Holdings is Wynn Resorts, Limited (“Wynn Resorts”). The Company was organized primarily to construct and operate Wynn Las Vegas | Encore (“Wynn Las Vegas”), a fully integrated destination resort and casino on the “Strip” in Las Vegas, Nevada.

Wynn Las Vegas Capital Corp. (“Wynn Capital”) is a wholly owned subsidiary of the Company incorporated on June 3, 2002, solely for the purpose of obtaining financing for Wynn Las Vegas. Wynn Capital is authorized to issue 2,000 shares of common stock, par value $0.01. At December 31, 2013, the Company owned the one share that was issued and outstanding. Wynn Capital has neither any significant net assets nor has had any operating activity. Its sole function is to serve as the co-issuer of the mortgage notes described below. Wynn Las Vegas, LLC and Wynn Capital together are hereinafter referred to as the “Issuers”.

- 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 wholly owned subsidiaries. The Company’s investment in the 50%-owned joint venture operating the Ferrari and Maserati automobile dealership inside Wynn Las Vegas is accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated. Certain amounts in the consolidated financial statements for the previous periods have been reclassified to be consistent with the current period presentation. These reclassifications had no effect on the previously reported net loss.

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.

Cash and Cash Equivalents

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

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 82% and 78%, respectively, of the Company’s markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in 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 and net loss by $12.2 million for the year ended December 31, 2013. The Company recorded a similar adjustment to its reserve estimates for casino accounts receivable in June 2012 based on the results of historical collection patterns and current collection trends. For the year ended December 31, 2012, this adjustment benefitted operating income and net loss by $9.6 million.

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
Airplane		18 years
Furniture, fixtures and equipment		3 to 20 years

Costs related to improvements are capitalized, while costs of building 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 operating loss.

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. There was no interest capitalized during the years ended December 31, 2013, 2012 and 2011.

Intangibles

The Company’s indefinite-lived intangible assets consist primarily of trademarks. Indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually. The Company’s finite-lived intangible assets consist of show production rights. 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 not to be disposed of, 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. For assets to be held and used, the Company reviews these assets for impairment whenever indicators of impairment exist. 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 $4.4 million, $5.2 million and $6.1 million was 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 has managed 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 (loss) or comprehensive income (loss) as applicable. The Company’s interest rate swaps did not qualify for hedge accounting. Accordingly, changes in the fair value of the interest rate swaps are presented as an increase (decrease) in fair value of swaps in the accompanying Consolidated Statements of Operations and Comprehensive Loss.

Revenue Recognition and Promotional Allowances

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

Casino revenues are measured by the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs and for chips in the customers’ possession. Hotel, food and beverage, entertainment and other operating revenues are recognized when services are performed. Entertainment, retail, and other revenue include rental income which is recognized on a time proportion basis over the lease terms. 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 revenues; consequently, the Company’s casino revenues are reduced by discounts and points earned in the player’s club loyalty program.

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


	Years Ended December 31,
	2013		2012		2011
Rooms	$	37,728	$	36,974	$	36,160
Food and beverage		63,008		58,566		57,420
Entertainment, retail and other		12,353		13,740		15,231

	$	113,089	$	109,280	$	108,811

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 Operations and Comprehensive Loss. These taxes totaled $49.1 million, $41.8 million and $43.9 million 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 are primarily included in general and administrative expenses. Total advertising costs were $16.7 million, $19.5 million and $16.3 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Income Taxes

The Company is organized as a limited liability company with one member. As a limited liability company, the Company is considered a flow-through entity for U.S. income tax purposes resulting in its owner being obligated for any taxes resulting from its operations. Accordingly, no provision has been made for federal income taxes as such taxes are the responsibility of its member.

Wynn Resorts’ Equity Instruments Issued to Employees

Accounting standards require an entity 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 10 “Benefit Plans—Stock-Based Compensation”.

Recently Issued Accounting Standards

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

In July 2012, the FASB issued an accounting standards update that is intended to simplify the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. The update allows for the consideration of qualitative factors in determining whether it is necessary to perform quantitative impairment tests. The effective date for this update is for the 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.

Receivables, net

12 Months Ended

Dec. 31, 2013

Receivables, net

3. Receivables, net

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


	As of December 31,
	2013			2012
Casino	$	190,199		$	190,528
Hotel		15,300			16,914
Retail leases and other		16,089			19,234

		221,588			226,676
Less: allowance for doubtful accounts		(52,854	)		(64,281	)

	$	168,734		$	162,395

- 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

4. Property and Equipment, net

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


	As of December 31,
	2013			2012
Land and improvements	$	623,744		$	622,942
Buildings and improvements		2,633,106			2,626,384
Airplane		44,364			44,364
Furniture, fixtures and equipment		1,368,014			1,336,661
Construction in progress		4,619			2,518

		4,673,847			4,632,869
Less: accumulated depreciation		(1,640,963	)		(1,417,264	)

	$	3,032,884		$	3,215,605

Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $243.8 million, $246.4 million and $257.8 million, respectively.

Intangibles, net

12 Months Ended

Dec. 31, 2013

Intangibles, net

5. Intangibles, net

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


	Show Production Rights			Water Rights			Trademarks		Total Intangibles, Net
January 1, 2012	$	2,934		$	6,400		$	1,399	$	10,733
Amortization		(2,071	)		—			—		(2,071	)
Distribution to parent		—			(6,400	)		—		(6,400	)

December 31, 2012		863			—			1,399		2,262
Amortization		(863	)		—			—		(863	)

December 31, 2013	$	—		$	—		$	1,399	$	1,399

Show production rights represent the amounts paid to purchase the rights to present the “Le Rêve” production show. The Company completed amortization of show production rights of $0.9 million in the first half of 2013.

Water rights reflect the fair value allocation determined in the purchase of the property on which Wynn Las Vegas is located in April 2000. On September 18, 2012, the Company distributed to Wynn Resorts, Limited, the Wynn Las Vegas water rights valued at $6.4 million. The value of the trademarks primarily represents the costs to acquire the “Le Rêve” name. The trademarks are indefinite-lived assets and, accordingly, not amortized.

Long-Term Debt

12 Months Ended

Dec. 31, 2013

Long-Term Debt

6. Long-Term Debt

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


	As of December 31,
	2013			2012
7 7/8% First Mortgage Notes, net of original issue discount of $7,384 at December 31, 2012	$	—		$	492,616
7 7/8% First Mortgage Notes, due May 1, 2020, net of original issue discount of $1,884 at December 31, 2013 and $2,102 at December 31, 2012		350,126			349,908
7 3/4% First Mortgage Notes, due August 15, 2020		1,320,000			1,320,000
5 3/8% First Mortgage Notes, due March 15, 2022		900,000			900,000
4 1/4% Senior Notes, due May 30, 2023		500,000			—
$42 million Note Payable due April 1, 2017; interest at LIBOR plus 1.25%		32,550			33,950
Payable to Affiliate		30,000			30,000

		3,132,676			3,126,474
Current portion of long-term debt		(1,050	)		(1,050	)

	$	3,131,626		$	3,125,424

7 7/8% First Mortgage Notes

In October 2009, 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 our 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, the Company, commenced a cash tender offer (the “tender offer”) for any and all of the outstanding $500 million aggregate principal amount of the 2017 Notes 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, the Company 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 Operations and Comprehensive Loss. In addition, upon the tender offer completion, the Issuers entered into a supplemental indenture, which eliminated substantially all of the restrictive covenants and certain events of default from the 2017 Indenture.

Also in connection with this transaction, the Company expensed $6.7 million of unamortized debt issue costs and original issue discount related to the 2017 Notes and incurred other fees of approximately $0.3 million that are included in loss on extinguishment of debt in the accompanying Consolidated Statements of Operations and Comprehensive Loss.

On November 1, 2013, the Company redeemed the untendered 2017 Notes principal amount of $225.3 million. The redemption price was equal to 103.938% of the aggregate principal amount of the 2017 Notes plus accrued and unpaid interest on November 1, 2013. The total redemption fees paid were $8.9 million and the Company expensed $4.9 million of unamortized financing costs and original issue discount.

7 7/8% First Mortgage Notes due 2020

In April 2010, the Issuers issued, in a private offering, $382 million aggregate principal amount of 7 7/8% first mortgage notes due May 1, 2020 (the “7 7/8% 2020 Notes”) of which Wynn Resorts owns a face amount of $30 million. 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 our 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’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% 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 our 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’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% 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, 2022. 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 our 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.

In September 2012, as discussed below, the Wynn Las Vegas Credit Agreement (as defined below) was terminated, and in accordance with the respective Indentures, the liens (other than the Holdings pledge) on the assets of Wynn Las Vegas, LLC and its subsidiaries securing, and the subsidiary guarantees of, the 2017 Notes, the 7 7/8% 2020 Notes, the 7 3/4% 2020 Notes and the 2022 Notes were released.

4 1/4% Senior Notes due 2023

On May 22, 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 any and all of the 2017 Notes not previously tendered. In connection with the issuance of the 2023 Notes, the Company capitalized approximately $4.1 million of financing costs.

The 2023 Notes will mature on May 30, 2023 and bear interest at the rate of 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 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.

Cross Claim

As described in Note 11—“Commitments and Contingencies”, Elaine Wynn has submitted a cross claim against Steve Wynn and Kazuo Okada in relation to ongoing litigation. 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 Wynn Resorts than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Stephen A. Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Company’s debt documents. Under the 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.

$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 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.

Credit Facilities

In March 2012, the Company entered into an eighth amendment (“Amendment No. 8”) to our 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, the Company 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, the Company 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.

Fair Value of Long-term Debt

The estimated fair value of the Company’s long-term debt as of December 31, 2013 and 2012 was approximately $3.3 billion and $3.5 billion, respectively compared to its carrying value of $3.1 billion and $3.1 billion, respectively. The estimated fair value of the Company’s long-term debt is based on recent trades, if available and indicative pricing from market information (level 2 inputs).

Scheduled Maturities of Long-Term Debt

Scheduled maturities of long-term debt including the accretion of debt discounts of $1.9 million are as follows (amounts in thousands):


Years Ending December 31,
2014	$	1,050
2015		1,400
2016		1,400
2017		28,700
2018		—
Thereafter		3,102,010

	$	3,134,560

Interest Rate Swap

12 Months Ended

Dec. 31, 2013

Interest Rate Swap

7. Interest Rate Swap

In June 2012, the Company terminated its only outstanding interest rate swap for a payment of $2.4 million. The Company had entered into floating-for-fixed interest rate swap arrangements in order to manage interest rate risk relating to certain of its debt facilities. This interest rate swap agreement modified the Company’s exposure to interest rate risk by converting a portion of the Company’s floating-rate debt to a fixed rate. This interest rate swap essentially fixed the interest rate at the percentage noted below; however, changes in the fair value of the interest rate swap for each reporting period have been recorded as an increase (decrease) in swap fair value in the accompanying Consolidated Statements of Operations and Comprehensive Loss as the interest rate swap did not qualify for hedge accounting.

The Company measured the fair value of its interest rate swap on a recurring basis pursuant to accounting standards for fair value measurements. These 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 Company categorizes this interest rate swap as Level 2.

The Company’s interest rate swap agreement intended to hedge a portion of the underlying interest rate risk on borrowings under the Wynn Las Vegas credit facilities. Under this swap agreement, the Company paid a fixed interest rate of 2.485% on borrowings of $250 million incurred under the Wynn Las Vegas credit facilities in exchange for receipts on the same amount at a variable interest rate based on the applicable LIBOR at the time of payment. This interest rate swap fixed the interest rate on $250 million of borrowings at approximately 5.485%.

- 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
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+ Details

Related Party Transactions, net

12 Months Ended

Dec. 31, 2013

Related Party Transactions, net

8. Related Party Transactions, net

Amounts Due to Affiliates, net

As of December 31, 2013, the Company’s current due to affiliates, net was comprised of $6.7 million (including corporate allocations discussed below) and $3.5 million of construction related payables. The long-term due to affiliates is management fees of $170.1 million (equal to 1.5% of net revenues and payable upon meeting certain leverage ratios as specified in the documents governing the Company’s first mortgage notes indentures).

As of December 31, 2012, the Company’s current due to affiliates, net was comprised of $33.7 million including corporate allocations discussed below and $4.1 million of construction related payables. The long-term due to affiliates was management fees of $146.3 million (equal to 1.5% of net revenues and payable upon meeting certain leverage ratios as specified in the documents governing the Company’s first mortgage notes indentures).

The Company periodically settles amounts due to affiliates with cash receipts and payments, except for the management fee, which is payable upon meeting certain leverage ratios specified in the documents governing the first mortgage notes indentures.

Corporate Allocations

The accompanying Consolidated Statements of Operations and Comprehensive Loss include allocations from Wynn Resorts for legal, accounting, human resource, information services, real estate, and other corporate support services. The corporate support service allocations have been determined on a basis that Wynn Resorts and the Company consider to be reasonable estimates of the utilization of service provided or the benefit received by the Company. Wynn Resorts maintains corporate offices at Wynn Las Vegas without charge from the Company. The Company settles these corporate allocation charges with Wynn Resorts on a periodic basis as discussed in “Amounts Due to Affiliates, net” above. During the years ended December 31, 2013, 2012 and 2011, $26.3 million, $26.2 million and $28.6 million, respectively, was charged to the Company for such corporate allocations.

Amounts Due to Officers, net

The Company periodically provides services to Stephen A. Wynn, Chairman of the Board, Chief Executive Officer and one of the principal stockholders of Wynn Resorts (“Mr. Wynn”), and certain other executive officers and directors of Wynn Resorts. These services include household services, construction work and other personal services. The cost of these services is transferred to Wynn Resorts, Limited on a periodic basis. Mr. Wynn and these other officers and directors have amounts on deposit with Wynn Resorts to prepay any such items, which are replenished on an ongoing basis as needed.

Villa Lease

On March 18, 2010, Mr. Wynn and the Company entered into an Amended and Restated Agreement of Lease (the “Prior SW Lease”) for a villa 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, the Company 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 the Company 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 the Company 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.

The “Wynn” Surname Rights Agreement

On August 6, 2004, Holdings entered into agreements with Mr. Wynn that confirm and clarify Holding’s rights to use the “Wynn” name and Mr. Wynn’s persona in connection with casino resorts. Under the parties’ Surname Rights Agreement, Mr. Wynn granted Holdings an exclusive, fully paid-up, perpetual, worldwide license to use, and to own and register trademarks and service marks incorporating the “Wynn” name for casino resorts and related businesses, together with the right to sublicense the name and marks to its affiliates. Under the parties’ Rights of Publicity License, Mr. Wynn granted Holdings the exclusive, royalty-free, worldwide right to use his full name, persona and related rights of publicity for casino resorts and related businesses, together with the ability to sublicense the persona and publicity rights to its affiliates, until October 24, 2017. Holdings has sub-licensed rights to the “Wynn” name, persona and marks to the Company.

Golf Course Lease

On September 18, 2012, the Company distributed to Wynn Resorts, Limited, the Wynn Las Vegas golf course land and the related water rights. Commencing September 18, 2012, the Company leases approximately 140 acres (upon which the golf course is located) and water rights from Wynn Resorts. The term of this lease is on a month-to-month basis provided, however, that either party may terminate this lease by providing written notice of such termination to the other party no later than thirty (30) days prior to the expiration of any monthly period. The combined rental value for both the golf course land and the water rights is $598,000 per month.

- 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

9. Property Charges and Other

Property charges and other for the years ended December 31, 2013, 2012 and 2011, were $12.2 million, $29.6 million and $16.6 million, respectively. In response to the Company’s evaluation of its resort and the reactions of its guests, the Company makes enhancements and refinements to the resort. Costs relating to assets retired as a result of these enhancement and remodel efforts have been expensed as property charges.

Property charges and other for the year ended December 31, 2013 included fees associated with the termination of a contract, miscellaneous renovations and abandonments at our resort and entertainment development costs.

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

Property charges and other for the year ended December 31, 2011 include the write off of certain off-site golf memberships, miscellaneous renovations and abandonments, including modifications of the Encore retail esplanade, closure of a nightclub and the write off of certain costs related to a show that ended its run in April 2011.

Benefit Plans

12 Months Ended

Dec. 31, 2013

Benefit Plans

10. Benefit Plans

Employee Savings Plan

Wynn Resorts established a retirement savings plan under Section 401(k) of the Internal Revenue Code covering its 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 their 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 no amounts were expensed during the years ended December 31, 2012, 2011.

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 the information we 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

Wynn Resorts established the 2002 Stock Incentive Plan (the “Stock Plan”) which provides for the grant of (i) Incentive Stock Options, (ii) compensatory (i.e. nonqualified) stock options, and (iii) nonvested shares of Wynn Resorts’ common stock for employees, directors and independent contractors or consultants of Wynn Resorts and its subsidiaries, including the Company. However, only employees are eligible to receive incentive stock options.

The total compensation cost relating both to stock options and nonvested stock for the years ended December 31, 2013, 2012 and 2011 is allocated as follows (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Casino	$	1,302	$	3,047	$	4,165
Rooms		853		243		293
Food and beverage		1,202		178		429
Entertainment, retail and other		477		43		24
General and administrative		2,563		1,780		2,526

Total stock-based compensation expense	$	6,397	$	5,291	$	7,437

Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies

11. Commitments and Contingencies

Leases and other arrangements

The Company is the lessor under several retail leases and has entered into license and distribution agreements for additional retail outlets. The Company also is a party to joint venture agreements for the operation of one other retail outlet and the Ferrari and Maserati automobile dealership at Wynn Las Vegas.

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


Years Ending December 31,
2014	$	4,712
2015		5,580
2016		5,472
2017		4,841
2018		3,356
Thereafter		17,220

	$	41,181

In addition, the Company is the lessee under leases for certain land, buildings and office equipment. At December 31, 2013, the Company was obligated under non-cancellable operating leases, to make future minimum lease payments as follows (amounts in thousands):


Years Ending December 31,
2014	$	2,831
2015		2,226
2016		1,333
2017		138
2018		138
Thereafter		2,357

	$	9,023

Rent expense for the years ended December 31, 2013, 2012 and 2011 was $16.7 million, $17.1 million and $16.2 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

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

Matters Related to Wynn Resorts, Limited

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). 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 has denied the impropriety of such conduct to members of the Board of Directors of Wynn Resorts and while serving as one of Wynn Resorts 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 Wynn Resorts’ 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 Wynn Resorts 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 Wynn Resorts 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 Wynn Resorts has retained the structure of the Executive Committee, the Board has resumed its past role in managing the business and affairs of Wynn Resorts.

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. Wynn Resorts 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. Wynn Resorts 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.

Wynn Resorts 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 Wynn Resorts and its subsidiaries. A finding by regulatory authorities that Mr. Okada violated anti-corruption statutes and/or other laws or regulations applicable to persons affiliated with a gaming licensee on Wynn Resorts property and/or otherwise involved Wynn Resorts in criminal or civil violations could result in actions by regulatory authorities against Wynn Resorts and its subsidiaries.

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. Wynn Resorts is seeking compensatory and special damages as well as a declaration that it acted lawfully and in full compliance with its articles of incorporation, bylaws and other governing documents in redeeming and cancelling the shares of Aruze USA, Inc.

On March 12, 2012, the Okada Parties removed the action to the United States District Court for the District of Nevada (the action was subsequently remanded to Nevada state court). On that same date, the Okada Parties filed an answer denying the claims and a counterclaim (as amended, the “Counterclaim”) that purports to assert claims against Wynn Resorts, each of the members of the Wynn Resorts’ Board of Directors (other than Mr. Okada) and Wynn Resorts’ General Counsel (the “Wynn Parties”). The Counterclaim alleges, among other things: (1) that the shares of Wynn Resorts common stock owned by Aruze USA, Inc. were exempt from the redemption-for-unsuitability provisions in the Wynn Resorts articles of incorporation (the “Articles”) pursuant to certain agreements executed in 2002; (2) that the Wynn Resorts directors who authorized the redemption of Aruze USA, Inc.’s shares acted at the direction of Stephen A. Wynn and did not independently and objectively evaluate the Okada Parties’ suitability, and by so doing, breached their fiduciary duties; (3) that the Wynn Resorts directors violated the terms of the Wynn Resorts Articles by failing to pay Aruze USA, Inc. fair value for the redeemed shares; and (4) that the terms of the Redemption Note that Aruze USA, Inc. received in exchange for the redeemed shares, including the Redemption Note’s principal amount, duration, interest rate, and subordinated status, were unconscionable. 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 Wynn Resorts than are beneficially owned by any other person, a change of control will have occurred. If Elaine Wynn prevails in her cross claim, Stephen A. Wynn would not beneficially own or control Elaine Wynn’s shares and a change in control may result under the Company’s debt documents. Under the 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.

Wynn Resorts’ Complaint and the Okada Parties’ Counterclaim have been, and continue to be, challenged through motion practice. At a hearing held on November 13, 2012, the Nevada state court granted the Wynn Parties’ motion to dismiss the Counterclaim with respect to the Okada Parties’ claim under the Nevada Racketeer Influenced and Corrupt Organizations Act with respect to certain Wynn Resorts executives but otherwise denied the motion. At a hearing held on January 15, 2013, the court denied the Okada Parties’ motion to dismiss Wynn Resorts’ Complaint. On April 22, 2013, Wynn Resorts filed a second amended complaint. On August 30, 2013, the Okada Parties filed their third amended Counterclaim. On September 18, 2013, Wynn Resorts filed a Partial Motion to Dismiss related to a claim in the third amended Counterclaim alleging civil extortion by Mr. Wynn and Wynn Resorts’ 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 Wynn Resorts 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 Wynn Resorts on the Redemption Note. Per the court’s order, Wynn Resorts 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, Wynn Resorts 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.

On April 8, 2013, the United States Attorney’s Office and the U.S. Department of Justice filed a Motion to Intervene and for Temporary and Partial Stay of Discovery in the Redemption Action. The motion stated that the federal government has been conducting a criminal investigation of the Okada Parties involving the “same underlying allegations of misconduct—that is, potential violations of the Foreign Corrupt Practice Act and related fraudulent conduct—that form the basis of” Wynn Resorts’ complaint, as amended, in the Redemption Action. The motion sought to stay all discovery in the Redemption Action related to the Okada Parties’ allegedly unlawful activities in connection with their 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, Wynn Resorts will continue to vigorously pursue its claims against the Okada Parties, and Wynn Resorts and the Wynn Parties will continue to vigorously defend against the counterclaims asserted against them. Wynn Resorts’ claims and the Okada Parties’ counterclaims remain in an early stage and management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. An adverse judgment or settlement involving payment of a material amount could cause a material adverse effect on Wynn Resorts’ 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 Wynn Resorts, all members of the Board of Directors (other than Mr. Okada) and Wynn Resorts’ General Counsel (the “Wynn Parties”), alleging that the press release issued by Wynn Resorts 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 Wynn Resorts in Nevada state court for indemnification under Wynn Resorts 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. Wynn Resorts believes there is no basis for the relief requested in the complaint and intends to vigorously defend against this matter. Wynn Resorts’ answer and counterclaim was filed on April 15, 2013. The counterclaim names each of the Okada Parties as defendants and seeks indemnification under Wynn Resorts’ 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 Wynn Resorts’ counterclaims seek to infringe upon Mr. Okada’s right to petition the court, and constitute a strategic lawsuit against public policy. Wynn Resorts’ counterclaims seek only to enforce Wynn Resorts’ contractual right to indemnity under Article VII, Section 4 of Wynn Resorts’ 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, Wynn Resorts 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 Wynn Resorts . 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 Wynn Resorts , that Mr. Okada may not designate someone else to testify on his behalf, and that Wynn Resorts 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 Wynn Resorts 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 Wynn Resorts 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 Wynn Resorts’ donation to the University of Macau discussed above. Wynn Resorts has not received any target letter or subpoena in connection with such an investigation. Wynn Resorts intends to cooperate fully with the government in response to any inquiry related to the donation to the University of Macau.

Other regulators may pursue separate investigations into Wynn Resorts’ compliance with applicable laws arising from the allegations in the matters described above and in response to the Counterclaim and other litigation filed by Mr. Okada suggesting improprieties in connection with Wynn Resorts’ donation to the University of Macau. While Wynn Resorts believes that it is in full compliance with all applicable laws, any such investigations could result in actions by regulators against Wynn Resorts.

Derivative Claims:

Six derivative actions were commenced against Wynn Resorts 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 Wynn Resorts and all of Wynn Resorts’ 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 Wynn Resorts’ officers and directors complied with federal and state laws and Wynn Resorts’ Code of Conduct; (b) voting to allow Wynn Resorts’ subsidiary to make the donation to the University of Macau; and (c) redeeming Aruze USA, Inc.’s stock such that Wynn Resorts 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. Wynn Resorts 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 Wynn Resorts 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 Wynn Resorts (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 Wynn Resorts and all of Wynn Resorts’ directors, including Mr. Okada, as well as Wynn Resorts’ Chief Financial Officer, who signs financial disclosures filed with the SEC. The State Plaintiffs claim that the individual defendants failed to disclose to Wynn Resorts’ 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 Wynn Resorts 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 Wynn Resorts and the individual defendants that they intended to resume the action by filing an amended complaint, which they did, on April 26, 2013. Wynn Resorts 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.

Member's Equity	12 Months Ended
Member's Equity	Dec. 31, 2013
Member's Equity	12. Member’s Equity During the year ended December 31, 2012, the Company distributed to Wynn Resorts, Limited, the Wynn Las Vegas golf course and the related water rights valued at $94 million, and $700 million in cash.

- 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

Reference 1: 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.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (SAB TOPIC 4.C)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

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

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Quarterly Financial Information

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information

13. Quarterly Financial Information (Unaudited)

The following table presents selected quarterly financial information for 2013 and 2012 (amounts in thousands):


	Years Ended December 31, 2013
	First			Second			Third			Fourth			Year
Net revenues	$	386,839		$	401,541		$	392,729		$	400,179		$	1,581,288
Operating income		40,419			49,551			29,099			47,981			167,050
Net loss		(16,361	)		(33,408	)		(27,309	)		(19,205	)		(96,283	)


	Years Ended December 31, 2012
	First			Second			Third			Fourth			Year
Net revenues	$	363,147		$	345,717		$	388,096		$	390,646		$	1,487,606
Operating income		20,426			3,538			12,314			37,749			74,027
Net loss		(35,430	)		(53,200	)		(46,142	)		(19,724	)		(154,496	)

Schedule II-Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2013

Schedule II-Valuation and Qualifying Accounts

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

(amounts in thousands)


Description	Balance at January 1, 2013		Provisions for Doubtful Accounts		Write-offs, Net of Recoveries			Balance at December 31, 2013
Allowance for doubtful accounts	$	64,281		7,534		(18,961	)	$	52,854

Description	Balance at January 1, 2012		Provisions for Doubtful Accounts		Write-offs, Net of Recoveries			Balance at December 31, 2012
Allowance for doubtful accounts	$	56,777		18,306		(10,802	)	$	64,281

Description	Balance at January 1, 2011		Provisions for Doubtful Accounts		Write-offs, Net of Recoveries			Balance at December 31, 2011
Allowance for doubtful accounts	$	44,306		20,332		(7,861	)	$	56,777

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Principles of Consolidation

Principles of Consolidation

Use of Estimates

Use of Estimates

Cash and Cash Equivalents

Cash and Cash Equivalents

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

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
Airplane		18 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	$	37,728	$	36,974	$	36,160
Food and beverage		63,008		58,566		57,420
Entertainment, retail and other		12,353		13,740		15,231

	$	113,089	$	109,280	$	108,811

Customer Loyalty Program

Customer Loyalty Program

Slot Machine Jackpots

Slot Machine Jackpots

Gaming Taxes

Gaming Taxes

Advertising Costs

Advertising Costs

Income Taxes

Income Taxes

Wynn Resorts' Equity Instruments Issued to Employees

Wynn Resorts’ Equity Instruments Issued to Employees

Further information on the Company’s stock-based compensation arrangements is included in Note 10 “Benefit Plans—Stock-Based Compensation”.

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

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
Airplane		18 years
Furniture, fixtures and equipment		3 to 20 years

Summary Estimated Cost of Promotional Allowances

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


	Years Ended December 31,
	2013		2012		2011
Rooms	$	37,728	$	36,974	$	36,160
Food and beverage		63,008		58,566		57,420
Entertainment, retail and other		12,353		13,740		15,231

	$	113,089	$	109,280	$	108,811

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	$	190,199		$	190,528
Hotel		15,300			16,914
Retail leases and other		16,089			19,234

		221,588			226,676
Less: allowance for doubtful accounts		(52,854	)		(64,281	)

	$	168,734		$	162,395

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	$	623,744		$	622,942
Buildings and improvements		2,633,106			2,626,384
Airplane		44,364			44,364
Furniture, fixtures and equipment		1,368,014			1,336,661
Construction in progress		4,619			2,518

		4,673,847			4,632,869
Less: accumulated depreciation		(1,640,963	)		(1,417,264	)

	$	3,032,884		$	3,215,605

Intangibles, net (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Intangibles, Net

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


	Show Production Rights			Water Rights			Trademarks		Total Intangibles, Net
January 1, 2012	$	2,934		$	6,400		$	1,399	$	10,733
Amortization		(2,071	)		—			—		(2,071	)
Distribution to parent		—			(6,400	)		—		(6,400	)

December 31, 2012		863			—			1,399		2,262
Amortization		(863	)		—			—		(863	)

December 31, 2013	$	—		$	—		$	1,399	$	1,399

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
7 7/8% First Mortgage Notes, net of original issue discount of $7,384 at December 31, 2012	$	—		$	492,616
7 7/8% First Mortgage Notes, due May 1, 2020, net of original issue discount of $1,884 at December 31, 2013 and $2,102 at December 31, 2012		350,126			349,908
7 3/4% First Mortgage Notes, due August 15, 2020		1,320,000			1,320,000
5 3/8% First Mortgage Notes, due March 15, 2022		900,000			900,000
4 1/4% Senior Notes, due May 30, 2023		500,000			—
$42 million Note Payable due April 1, 2017; interest at LIBOR plus 1.25%		32,550			33,950
Payable to Affiliate		30,000			30,000

		3,132,676			3,126,474
Current portion of long-term debt		(1,050	)		(1,050	)

	$	3,131,626		$	3,125,424

Scheduled Maturities of Long-Term Debt Including Accretion of Debt Discounts

Scheduled maturities of long-term debt including the accretion of debt discounts of $1.9 million are as follows (amounts in thousands):


Years Ending December 31,
2014	$	1,050
2015		1,400
2016		1,400
2017		28,700
2018		—
Thereafter		3,102,010

	$	3,134,560

- 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
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-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
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-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
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-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

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Total Compensation Cost Relating Both to Stock Options and Nonvested Stock

The total compensation cost relating both to stock options and nonvested stock for the years ended December 31, 2013, 2012 and 2011 is allocated as follows (amounts in thousands):


	Years Ended December 31,
	2013		2012		2011
Casino	$	1,302	$	3,047	$	4,165
Rooms		853		243		293
Food and beverage		1,202		178		429
Entertainment, retail and other		477		43		24
General and administrative		2,563		1,780		2,526

Total stock-based compensation expense	$	6,397	$	5,291	$	7,437

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2013

Future Minimum Rentals Receivable

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


Years Ending December 31,
2014	$	4,712
2015		5,580
2016		5,472
2017		4,841
2018		3,356
Thereafter		17,220

	$	41,181

Future Minimum Lease Payments for Non-cancellable Operating Leases

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


Years Ending December 31,
2014	$	2,831
2015		2,226
2016		1,333
2017		138
2018		138
Thereafter		2,357

	$	9,023

Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information

The following table presents selected quarterly financial information for 2013 and 2012 (amounts in thousands):


	Years Ended December 31, 2013
	First			Second			Third			Fourth			Year
Net revenues	$	386,839		$	401,541		$	392,729		$	400,179		$	1,581,288
Operating income		40,419			49,551			29,099			47,981			167,050
Net loss		(16,361	)		(33,408	)		(27,309	)		(19,205	)		(96,283	)


	Years Ended December 31, 2012
	First			Second			Third			Fourth			Year
Net revenues	$	363,147		$	345,717		$	388,096		$	390,646		$	1,487,606
Operating income		20,426			3,538			12,314			37,749			74,027
Net loss		(35,430	)		(53,200	)		(46,142	)		(19,724	)		(154,496	)

Organization - Additional Information (Detail) - Wynn Capital	12 Months Ended
	Dec. 31, 2013 $ / shares shares
Organization [Abstract]
Incorporation date	Jun. 03, 2002
Common stock, authorized	2,000
Common stock, par value \| $ / shares	$ 0.01
Company owned, share issued and outstanding	1

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2013 USD ($) mo	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
Summary of Significant Accounting Policies [Line Items]
Percentage of ownership in joint ventures	50.00%
Cash and cash equivalents maturity period \| mo	3
Percentage of credit markers due from customers residing outside of the United States	82.00%	78.00%
Adjustment effect in operating income	$ 12.2	$ 9.6
Capitalized interest	0.0	0.0	$ 0.0
Amount amortized to interest expense	4.4	5.2	6.1
Gaming tax expenses	49.1	41.8	43.9
Total advertising costs	$ 16.7	$ 19.5	$ 16.3

Schedule of Estimated Useful Lives of Assets (Detail)	12 Months Ended
Schedule of Estimated Useful Lives of Assets (Detail)	Dec. 31, 2013
Buildings and improvements \| Minimum
Property and Equipment [Line Items]
Property and equipment, estimated useful life	10 years
Buildings and improvements \| Maximum
Property and Equipment [Line Items]
Property and equipment, estimated useful life	45 years
Land improvements \| Minimum
Property and Equipment [Line Items]
Property and equipment, estimated useful life	10 years
Land improvements \| Maximum
Property and Equipment [Line Items]
Property and equipment, estimated useful life	45 years
Airplane
Property and Equipment [Line Items]
Property and equipment, estimated useful life	18 years
Furniture, fixtures and equipment \| Minimum
Property and Equipment [Line Items]
Property and equipment, estimated useful life	3 years
Furniture, fixtures and equipment \| Maximum
Property and Equipment [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	$ 113,089	$ 109,280	$ 108,811
Rooms
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	37,728	36,974	36,160
Food and Beverage
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	63,008	58,566	57,420
Entertainment Retail and Other
Promotional Allowances [Line Items]
Estimated costs of promotional allowances primarily included in casino expense	$ 12,353	$ 13,740	$ 15,231

Summary of Receivables, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 221,588	$ 226,676
Less: allowance for doubtful accounts	(52,854)	(64,281)
Receivables, net	168,734	162,395
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	190,199	190,528
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	15,300	16,914
Retail Leases and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, gross	$ 16,089	$ 19,234

Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Property and Equipment [Line Items]
Land and improvements	$ 623,744	$ 622,942
Buildings and improvements	2,633,106	2,626,384
Airplane	44,364	44,364
Furniture, fixtures and equipment	1,368,014	1,336,661
Construction in progress	4,619	2,518
Property, Plant and Equipment, Gross, Total	4,673,847	4,632,869
Less: accumulated depreciation	(1,640,963)	(1,417,264)
Property and equipment, net	$ 3,032,884	$ 3,215,605

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 [Line Items]
Depreciation expense	$ 243.8	$ 246.4	$ 257.8

Summary of Intangible, Net (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net, beginning balance	$ 2,262	$ 2,262	$ 10,733
Finite-lived intangible assets, amortization		(863)	(2,071)
Distribution to parent			(6,400)
Finite-lived intangible assets, net, ending balance		1,399	2,262
Show Production Rights
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net, beginning balance	863	863	2,934
Finite-lived intangible assets, amortization	(900)	(863)	(2,071)
Finite-lived intangible assets, net, ending balance			863
Water Rights
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net, beginning balance			6,400
Finite-lived intangible assets, amortization
Distribution to parent			(6,400)
Finite-lived intangible assets, net, ending balance
Trademarks
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net, beginning balance	$ 1,399	1,399	1,399
Finite-lived intangible assets, amortization
Finite-lived intangible assets, net, ending balance		$ 1,399	$ 1,399

Intangibles, Net - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
	Sep. 18, 2012	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets [Line Items]
Amortization of intangible assets			$ 863	$ 2,071
Value of distributions to parent				6,400
Wynn Resorts
Intangible Assets [Line Items]
Value of distributions to parent	$ 6,400
Show Production Rights
Intangible Assets [Line Items]
Amortization of intangible assets		$ 900	$ 863	$ 2,071

Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Payable to Affiliate	$ 30,000	$ 30,000
Long-term debt total	3,132,676	3,126,474
Current portion of long-term debt	(1,050)	(1,050)
Non current portion of long-term debt	3,131,626	3,125,424
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	350,126	349,908
7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020
Debt Instrument [Line Items]
Long-term debt total	1,320,000	1,320,000
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Debt Instrument [Line Items]
Long-term debt total	900,000	900,000
4 1/4% Senior Notes, Due May 30, 2023
Debt Instrument [Line Items]
Long-term debt total	500,000
$42 Million Note Payable, Due April 1, 2017
Debt Instrument [Line Items]
Long-term debt total	$ 32,550	$ 33,950

Summary of Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Thousands	1 Months Ended				12 Months Ended
	Aug. 31, 2010	Apr. 30, 2010	Oct. 31, 2009	Mar. 30, 2007	Dec. 31, 2013	Dec. 31, 2012	May 22, 2013	May 15, 2013	Jun. 19, 2012
7 7/8% Wynn Las Vegas First Mortgage Notes
Debt Instrument [Line Items]
Debt instrument, interest rate			7.875%		7.875%	7.875%
Debt instrument, principal amount			$ 500,000					$ 500,000
Long-term debt due date			Nov. 01, 2017
Original issue discount						$ 7,384
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020
Debt Instrument [Line Items]
Debt instrument, interest rate		7.875%			7.875%	7.875%
Debt instrument, principal amount		$ 382,000
Long-term debt due date		May 01, 2020			May 01, 2020	May 01, 2020
Original issue discount					$ 1,884	$ 2,102
7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020
Debt Instrument [Line Items]
Debt instrument, interest rate	7.75%				7.75%	7.75%
Debt instrument, principal amount	$ 1,320,000
Long-term debt due date	Aug. 15, 2020				Aug. 15, 2020	Aug. 15, 2020
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Debt Instrument [Line Items]
Debt instrument, interest rate					5.375%	5.375%
Long-term debt due date					Mar. 15, 2022	Mar. 15, 2022
4 1/4% Senior Notes, Due May 30, 2023
Debt Instrument [Line Items]
Debt instrument, interest rate					4.25%	4.25%	4.25%		4.25%
Debt instrument, principal amount							$ 500,000
Long-term debt due date					May 30, 2023	May 30, 2023
$42 Million Note Payable, Due April 1, 2017
Debt Instrument [Line Items]
Debt instrument, principal amount				$ 42,000	$ 42,000	$ 42,000
Interest in addition to LIBOR					1.25%	1.25%
Long-term debt due date				Apr. 01, 2017	Apr. 01, 2017	Apr. 01, 2017

Long-Term Debt - Additional Information (Detail)	1 Months Ended									12 Months Ended
Long-Term Debt - Additional Information (Detail)	Dec. 31, 2013 USD ($)	Nov. 01, 2013 USD ($)	May 22, 2013 USD ($) $ / shares	Sep. 30, 2012 USD ($)	Mar. 30, 2012 USD ($)	Aug. 31, 2010 USD ($)	Apr. 30, 2010 USD ($)	Oct. 31, 2009 USD ($)	Mar. 30, 2007 USD ($) BasisPoint d	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	May 15, 2013 USD ($)	Jun. 19, 2012
Debt Instrument [Line Items]
Debt instrument payment term										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
Debt purchase price percentage of aggregate principal amount	101.00%									101.00%
Quarterly principal payment										$ 501,400,000	$ 372,267,000	$ 25,473,000
Fair value of long-term debt	$ 3,300,000,000									3,300,000,000	3,500,000,000
Long-term debt	$ 3,132,676,000									3,132,676,000	$ 3,126,474,000
Accretion of debt discounts										$ 1,900,000
7 7/8% Wynn Las Vegas First Mortgage Notes
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount								$ 500,000,000					$ 500,000,000
Debt instrument, interest rate	7.875%							7.875%		7.875%	7.875%
Debt instrument, maturity date								Nov. 01, 2017
Debt issued at discount, price as percentage of principal								97.823%
Debt redemption price as percentage of principal		103.938%						103.938%
Percentage of principal repayment on event of change of control	101.00%									101.00%
Long-term debt maturity year													2017
Tender offer expiration date										May 21, 2013
Valid tenders received at time of cash tender offer expiration	$ 274,700,000									$ 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 debt issue costs and original issue discount										6,700,000
Loss on extinguishment of debt										$ 300,000
Debt instrument repurchase		$ 225,300,000
Debt redemption fees paid		8,900,000
Unamortized financing costs expensed		$ 4,900,000
Debt instrument, redemption description			The Issuers satisfied and discharged the 2017 Indenture and, in November 2013
Long-term debt											$ 492,616,000
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount							$ 382,000,000
Debt instrument, interest rate	7.875%						7.875%			7.875%	7.875%
Debt instrument, maturity date							May 01, 2020			May 01, 2020	May 01, 2020
Debt redemption price as percentage of principal							103.938%
Percentage of principal repayment on event of change of control	101.00%									101.00%
Long-term debt due date										2020
Long-term debt	$ 350,126,000									$ 350,126,000	$ 349,908,000
7 7/8% Wynn Las Vegas First Mortgage Notes, Due May 1, 2020 \| Parent Company
Debt Instrument [Line Items]
Debt instrument repurchase							$ 30,000,000
7 3/4% Wynn Las Vegas First Mortgage Notes, Due August 15, 2020
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount						$ 1,320,000,000
Debt instrument, interest rate	7.75%					7.75%				7.75%	7.75%
Debt instrument, maturity date						Aug. 15, 2020				Aug. 15, 2020	Aug. 15, 2020
Debt redemption price as percentage of principal						103.875%
Percentage of principal repayment on event of change of control	101.00%									101.00%
Long-term debt due date										2020
Long-term debt	$ 1,320,000,000									$ 1,320,000,000	$ 1,320,000,000
5.375 % First Mortgage Notes Due 2022
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount					$ 900,000,000
Debt instrument, interest rate					5.375%
Debt redemption price as percentage of principal					102.688%
Percentage of principal repayment on event of change of control	101.00%									101.00%
4 1/4% Senior Notes, Due May 30, 2023
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount			$ 500,000,000
Debt instrument, interest rate	4.25%		4.25%							4.25%	4.25%			4.25%
Debt instrument, maturity date										May 30, 2023	May 30, 2023
Debt redemption price as percentage of principal										100.00%
Percentage of principal repayment on event of change of control	101.00%									101.00%
Long-term debt maturity year			2023
Capitalized financing costs	$ 4,100,000									$ 4,100,000
Debt instrument issuance date										May 22, 2013
Debt instrument, redemption description										The redemption price for 2023 Notes that are redeemed before February 28, 2023 will be equal to the greater of (a) 100% of the principal amount of the 2023 Notes to be redeemed or (b) a "make-whole" amount described in the 2023 Indenture, plus in either case accrued and unpaid interest to, but not including, the redemption date.
Debt redemption date										Feb. 28, 2023
Payment default period										30 days
Long-term debt	$ 500,000,000									$ 500,000,000
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Debt Instrument [Line Items]
Debt instrument, interest rate	5.375%									5.375%	5.375%
Debt instrument, maturity date										Mar. 15, 2022	Mar. 15, 2022
Long-term debt due date										2022
Long-term debt	$ 900,000,000									$ 900,000,000	$ 900,000,000
$42 Million Note Payable, Due April 1, 2017
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount	42,000,000								$ 42,000,000	$ 42,000,000	$ 42,000,000
Debt instrument, maturity date									Apr. 01, 2017	Apr. 01, 2017	Apr. 01, 2017
Quarterly principal payment									$ 350,000
Balloon payment due at maturity									$ 28,000,000
Period interest calculated over (days) \| d									90
Number of basis points of interest paid in addition to LIBOR \| BasisPoint									125
Long-term debt	32,550,000									$ 32,550,000	$ 33,950,000
Wynn Las Vegas Revolver
Debt Instrument [Line Items]
Deferred financing cost expensed	$ 4,800,000
Long-term debt previous due date	2013
Revolving credit, expiration date	2015									2015
Revolving credit commitments	$ 100,000,000									$ 100,000,000
Debt termination cost				$ 2,600,000

Scheduled Maturities of Long-Term Debt (Detail) $ in Thousands	Dec. 31, 2013 USD ($)
Long Term Debt Maturities Repayments Of Principal [Line Items]
2014	$ 1,050
2015	1,400
2016	1,400
2017	28,700
2018
Thereafter	3,102,010
Long Term Debt Including Accretion Of Debt Discounts, Total	$ 3,134,560

Interest Rate Swap - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2013
Interest Rate Swaps [Line Items]
Payment of interest rate swap	$ 2,400	$ 2,368
Interest rate swap fixed interest rate			2.485%
Interest rate swap notional amount			$ 250,000
Interest rate swap interest rate			5.485%

Related Party Transactions, Net - Additional Information (Detail)	1 Months Ended			12 Months Ended			24 Months Ended
	Dec. 29, 2012 USD ($)	Sep. 18, 2012 USD ($) a d	Mar. 01, 2012 USD ($)	Dec. 31, 2013 USD ($) d	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Mar. 01, 2012 USD ($)
Related Party Transaction [Line Items]
Other net amounts due to affiliates				$ 6,700,000	$ 33,700,000
Construction payable, current				3,500,000	4,100,000
Management fee payable				$ 170,100,000	$ 146,300,000
Management fee as a percentage of net revenues				1.50%	1.50%
Corporate support service allocations				$ 26,300,000	$ 26,200,000	$ 28,600,000
Notice required for lease termination at Villa Suite, days \| d		30		90
Rental value		$ 598,000
Surname Rights Agreement expiration date				Until October 24, 2017
Lease facility area \| a		140
Existing SW Lease
Related Party Transaction [Line Items]
Rental value			$ 440,000				$ 503,831
Existing SW Lease \| After Amendment
Related Party Transaction [Line Items]
Rental value	$ 525,000

Property Charges and Other - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($) Restaurant	Dec. 31, 2011 USD ($)
Property Charges and Other [Line Items]
Property charges and other \| $	$ 12,162	$ 29,563	$ 16,623
Number of remodel restaurants \| Restaurant		1

Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Defined Contribution 401 K Plan
Defined Benefit Plan Disclosure [Line Items]
Retirement savings plan contribution expense	$ 1,200,000	$ 0	$ 0
Employee matching contribution percentage	50.00%
Employer matching contribution, percent of employees' pay checks	6.00%
Annual matching cap per employee	$ 500
Multi-employer Defined Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Multi-employer pension plan contributions	$ 9,000,000	$ 8,600,000	$ 7,600,000
Multi-employer Defined Benefit Plan \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Multi-employer plan contributions percentage			5.00%

Total Compensation Cost Relating Both to Stock Options and Nonvested Stock (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	$ 6,397	$ 5,291	$ 7,437
Casino
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,302	3,047	4,165
Rooms
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	853	243	293
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	$ 2,563	$ 1,780	$ 2,526

Future Minimum Rentals Receivable 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	$ 4,712
2015	5,580
2016	5,472
2017	4,841
2018	3,356
Thereafter	17,220
Total	$ 41,181

Future Minimum Lease Payments for Non-cancellable Operating Leases (Detail) $ in Thousands	Dec. 31, 2013 USD ($)
Leases Future Minimum Payments [Line Items]
2014	$ 2,831
2015	2,226
2016	1,333
2017	138
2018	138
Thereafter	2,357
Operating Leases, Future Minimum Payments Due, Total	$ 9,023

Commitments and Contingencies - Additional Information (Detail) $ in Millions	1 Months Ended				12 Months Ended
	Feb. 13, 2014 USD ($)	Feb. 14, 2013 USD ($)	Jun. 19, 2012	Feb. 18, 2012 USD ($) shares	Dec. 31, 2013 USD ($) Derivative	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	May 22, 2013 USD ($)	Feb. 22, 2013 shares
Schedule Of Commitments And Contingencies [Line Items]
Rent expense					$ 16.7	$ 17.1	$ 16.2
Letter of credit outstanding					$ 16.7
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
Aruze USA, Inc.
Schedule Of Commitments And Contingencies [Line Items]
Common stock redeemed, shares \| shares				24,549,222
Redemption price promissory note, principal amount				$ 1,940.0
Debt instrument, interest rate				2.00%
Long-term debt due date				Feb. 18, 2022
5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument, interest rate					5.375%	5.375%
Long-term debt due date					Mar. 15, 2022	Mar. 15, 2022
4 1/4% Senior Notes, Due May 30, 2023
Schedule Of Commitments And Contingencies [Line Items]
Redemption price promissory note, principal amount								$ 500.0
Debt instrument, interest rate			4.25%		4.25%	4.25%		4.25%
Long-term debt due date					May 30, 2023	May 30, 2023
Payment Default Classification Period for Interest Payment			60 days
Redemption Price Promissory Note With Former Stockholder And Related Party Due February Eighteen Two Thousand Twenty Two
Schedule Of Commitments And Contingencies [Line Items]
Interest payment due		$ 38.7
Redemption Price Promissory Note With Former Stockholder And Related Party Due February Eighteen Two Thousand Twenty Two \| Subsequent Event
Schedule Of Commitments And Contingencies [Line Items]
Interest payment due	$ 38.7
Commitments \| 5 3/8% Wynn Las Vegas First Mortgage Notes, Due March 15, 2022
Schedule Of Commitments And Contingencies [Line Items]
Long-term debt due date					Sep. 24, 2012
Director
Schedule Of Commitments And Contingencies [Line Items]
Percentage of shares voted in favor of removal of Mr. Okada									99.60%
Number of shares voted \| shares									86,000,000

Member's Equity - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Equity Note [Line Items]
Distribution to Wynn Resorts, Limited	$ 794,017
Wynn Resorts \| Golf Course
Equity Note [Line Items]
Distribution to Wynn Resorts, Limited	94,000
Wynn Resorts \| Water Rights
Equity Note [Line Items]
Distribution to Wynn Resorts, Limited	$ 700,000

Quarterly Financial Information (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
Quarterly Financial Information [Line Items]
Net revenues	$ 400,179	$ 392,729	$ 401,541	$ 386,839	$ 390,646	$ 388,096	$ 345,717	$ 363,147	$ 1,581,288	$ 1,487,606	$ 1,481,895
Operating income	47,981	29,099	49,551	40,419	37,749	12,314	3,538	20,426	167,050	74,027	101,319
Net loss	$ (19,205)	$ (27,309)	$ (33,408)	$ (16,361)	$ (19,724)	$ (46,142)	$ (53,200)	$ (35,430)	$ (96,283)	$ (154,496)	$ (95,632)

- Definition

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

+ References

+ Details

Valuation and Qualifying Accounts (Detail) - Allowance for Doubtful Accounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	$ 64,281	$ 56,777	$ 44,306
Provisions for Doubtful Accounts	7,534	18,306	20,332
Write-offs, Net of Recoveries	(18,961)	(10,802)	(7,861)
Ending Balance	$ 52,854	$ 64,281	$ 56,777