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Segment Information
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has identified its reportable segments based on factors such as geography, regulatory environment, the information reviewed by its chief operating decision maker, and the Company's organizational and management reporting structure.

The Company has identified the following reportable segments: (i) Wynn Macau, representing the aggregate of Wynn Macau and Encore, an expansion at Wynn Macau, which are managed as a single integrated resort; (ii) Wynn Palace; (iii) Las Vegas Operations, representing the aggregate of Wynn Las Vegas, Encore, an expansion at Wynn Las Vegas, and the Retail Joint Venture, which are managed as a single integrated resort; (iv) Encore Boston Harbor; and (v) Wynn Interactive. For geographical reporting purposes, Wynn Macau, Wynn Palace, and Other Macau (which represents the assets of the Company's Macau holding company and other ancillary entities) have been aggregated into Macau Operations.
The following tables present the Company's segment information (in thousands):
Year Ended December 31,
202320222021
Operating revenues
Macau Operations:
Wynn Palace
Casino$1,471,280 $255,886 $677,917 
Rooms201,783 40,079 69,022 
Food and beverage104,566 35,546 47,985 
Entertainment, retail and other(1)
109,215 78,778 88,083 
1,886,844 410,289 883,007 
Wynn Macau
Casino970,269 216,639 476,999 
Rooms109,308 25,691 50,492 
Food and beverage68,017 25,334 32,420 
Entertainment, retail and other(1)
65,940 43,585 66,104 
1,213,534 311,249 626,015 
Total Macau Operations3,100,378 721,538 1,509,022 
Las Vegas Operations:
Casino628,185 535,279 426,440 
Rooms784,385 651,291 425,777 
Food and beverage770,401 702,515 489,587 
Entertainment, retail and other(1)
297,635 243,051 161,877 
Total Las Vegas Operations2,480,606 2,132,136 1,503,681 
Encore Boston Harbor:
Casino648,668 624,738 552,064 
Rooms90,195 85,078 47,280 
Food and beverage85,653 82,818 63,919 
Entertainment, retail and other(1)
41,270 38,439 28,260 
Total Encore Boston Harbor 865,786 831,073 691,523 
Wynn Interactive:
Entertainment, retail and other85,127 72,078 59,438 
Total Wynn Interactive85,127 72,078 59,438 
Total operating revenues$6,531,897 $3,756,825 $3,763,664 
(1)Includes lease revenue accounted for under lease accounting guidance. For more information on leases, see Note 16, "Leases".
Year Ended December 31,
202320222021
Adjusted Property EBITDAR(1)
Macau Operations:
Wynn Palace$615,846 $(96,557)$91,646 
Wynn Macau338,091 (124,047)4,209 
              Total Macau Operations953,937 (220,604)95,855 
Las Vegas Operations946,243 801,095 530,878 
Encore Boston Harbor257,409 243,386 210,068 
Wynn Interactive(42,646)(98,490)(267,360)
Total2,114,943 725,387 569,441 
Other operating expenses
Pre-opening9,468 20,643 6,821 
Depreciation and amortization687,270 692,318 715,962 
Gain on EBH Transaction, net— (181,989)— 
Impairment of goodwill and intangible assets94,490 48,036 10,254 
Property charges and other(2)
130,877 65,116 40,508 
Corporate expenses and other146,430 102,539 95,199 
Stock-based compensation64,515 67,627 95,238 
Triple-net operating lease rent expense 141,722 11,773  
Total other operating expenses1,274,772 826,063 963,982 
Operating income (loss)840,171 (100,676)(394,541)
Other non-operating income and expenses
Interest income175,785 29,758 3,213 
Interest expense, net of amounts capitalized (751,509)(650,885)(605,562)
Change in derivatives fair value45,098 15,956 11,360 
Loss on debt financing transactions(12,683)— (2,060)
Other(11,479)5,811 (23,926)
Total other non-operating income and expenses(554,788)(599,360)(616,975)
Income (loss) before income taxes285,383 (700,036)(1,011,516)
       Benefit (provision) for income taxes496,834 (9,332)(474)
Net income (loss)782,217 (709,368)(1,011,990)
       Net (income) loss attributable to noncontrolling interests(52,223)285,512 256,204 
Net income (loss) attributable to Wynn Resorts, Limited$729,994 $(423,856)$(755,786)
(1)"Adjusted Property EBITDAR" is net income (loss) before interest, income taxes, depreciation and amortization, pre-opening expenses, gain on EBH Transaction, net, impairment of goodwill and intangible assets, property charges and other, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on debt financing transactions, and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. The Company also presents Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income (loss) as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income (loss), Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, the Company's calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited.
(2)For the year ended December 31, 2023, includes $94.9 million related to the Company's decision to cease operating Wynn Interactive's online sports betting and iGaming platform in certain jurisdictions.
Year Ended December 31,
202320222021
Capital expenditures
Macau Operations:
Wynn Palace$66,262 $31,946 $37,169 
Wynn Macau25,602 13,003 25,249 
Total Macau Operations91,864 44,949 62,418 
Las Vegas Operations187,150 226,386 168,788 
Encore Boston Harbor70,578 20,187 38,730 
Wynn Interactive4,620 4,925 13,624 
Corporate and other88,581 3,680 7,097 
Total$442,793 $300,127 $290,657 

December 31,
202320222021
Assets
Macau Operations:
Wynn Palace$2,936,264 $2,884,073 $3,122,424 
Wynn Macau1,864,211 1,430,051 1,032,521 
Other Macau886,175 268,017 1,173,913 
Total Macau Operations5,686,650 4,582,141 5,328,858 
Las Vegas Operations3,173,247 3,168,597 3,063,897 
Encore Boston Harbor2,006,565 2,080,424 2,193,117 
Wynn Interactive81,231 213,837 287,805 
Corporate and other3,048,530 3,370,101 1,657,149 
Total$13,996,223 $13,415,100 $12,530,826 

December 31,
202320222021
Long-lived assets
Macau$3,191,134 $3,382,284 $3,678,236 
United States5,585,943 5,570,249 5,604,531 
Total$8,777,077 $8,952,533 $9,282,767