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Property and Equipment, net
6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):

June 30,
2021
December 31,
2020
Buildings and improvements$9,745,976 $9,758,846 
Land and improvements1,276,442 1,265,510 
Furniture, fixtures and equipment3,105,343 3,093,481 
Airplanes110,623 110,623 
Construction in progress181,264 136,390 
14,419,648 14,364,850 
Less: accumulated depreciation(5,494,262)(5,168,206)
$8,925,386 $9,196,644 

As of June 30, 2021 and December 31, 2020, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties, including the Wynn Las Vegas room remodel.

Depreciation expense for the three months ended June 30, 2021 and 2020 was $176.1 million and $172.8 million, respectively, and depreciation expense for the six months ended June 30, 2021 and 2020 was $353.9 million and $345.1 million, respectively.