|
|
|
Nevada
|
000-50028
|
46-0484987
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
3131 Las Vegas Boulevard South
Las Vegas, Nevada
|
|
89109
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Item 2.02
|
Results of Operations and Financial Condition.
|
Item 7.01
|
Regulation FD Disclosure.
|
Item 8.01
|
Other Events.
|
Item 9.01
|
Financial Statements and Exhibits.
|
(d)
|
Exhibits.
|
Exhibit No.
|
Description
|
|
|
99.1
|
|
|
|
|
WYNN RESORTS, LIMITED
|
|
|
|
||
Dated: January 30, 2019
|
|
By:
|
|
/s/ Craig S. Billings
|
|
|
Craig S. Billings
|
||
|
|
Chief Financial Officer and Treasurer
|
||
|
|
(Principal Financial and Accounting Officer)
|
|
Three Months Ended
December 31,
|
|
Twelve Months Ended
December 31,
|
||||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||||
Operating revenues:
|
|
|
(as adjusted)
|
|
|
|
(as adjusted)
|
||||||||
Casino
|
$
|
1,220,795
|
|
|
$
|
1,177,158
|
|
|
$
|
4,784,990
|
|
|
$
|
4,244,303
|
|
Rooms
|
192,395
|
|
|
166,822
|
|
|
751,800
|
|
|
670,957
|
|
||||
Food and beverage
|
173,165
|
|
|
163,237
|
|
|
754,128
|
|
|
732,115
|
|
||||
Entertainment, retail and other
|
101,231
|
|
|
114,947
|
|
|
426,742
|
|
|
422,785
|
|
||||
Total operating revenues
|
1,687,586
|
|
|
1,622,164
|
|
|
6,717,660
|
|
|
6,070,160
|
|
||||
Operating expenses:
|
|
|
|
|
|
|
|
||||||||
Casino
|
782,141
|
|
|
761,213
|
|
|
3,036,907
|
|
|
2,718,120
|
|
||||
Rooms
|
64,712
|
|
|
60,650
|
|
|
254,549
|
|
|
244,828
|
|
||||
Food and beverage
|
143,441
|
|
|
129,382
|
|
|
611,706
|
|
|
567,690
|
|
||||
Entertainment, retail and other
|
44,466
|
|
|
53,559
|
|
|
183,113
|
|
|
196,547
|
|
||||
General and administrative
|
204,122
|
|
|
182,850
|
|
|
749,665
|
|
|
685,485
|
|
||||
Litigation settlement
|
—
|
|
|
—
|
|
|
463,557
|
|
|
—
|
|
||||
Provision (benefit) for doubtful accounts
|
3,941
|
|
|
(2,118
|
)
|
|
6,527
|
|
|
(6,711
|
)
|
||||
Pre-opening
|
18,235
|
|
|
7,247
|
|
|
53,490
|
|
|
26,692
|
|
||||
Depreciation and amortization
|
138,911
|
|
|
136,880
|
|
|
550,596
|
|
|
552,368
|
|
||||
Property charges and other
|
29,584
|
|
|
(8,918
|
)
|
|
60,256
|
|
|
29,576
|
|
||||
Total operating expenses
|
1,429,553
|
|
|
1,320,745
|
|
|
5,970,366
|
|
|
5,014,595
|
|
||||
Operating income
|
258,033
|
|
|
301,419
|
|
|
747,294
|
|
|
1,055,565
|
|
||||
Other income (expense):
|
|
|
|
|
|
|
|
||||||||
Interest income
|
8,837
|
|
|
9,195
|
|
|
29,866
|
|
|
31,193
|
|
||||
Interest expense, net of amounts capitalized
|
(100,717
|
)
|
|
(96,789
|
)
|
|
(381,849
|
)
|
|
(388,664
|
)
|
||||
Change in derivatives fair value
|
(4,466
|
)
|
|
—
|
|
|
(4,520
|
)
|
|
(1,056
|
)
|
||||
Change in Redemption Note fair value
|
—
|
|
|
10,282
|
|
|
(69,331
|
)
|
|
(59,700
|
)
|
||||
(Loss) gain on extinguishment of debt
|
(2,027
|
)
|
|
(12,299
|
)
|
|
104
|
|
|
(55,360
|
)
|
||||
Other
|
(5,113
|
)
|
|
(1,869
|
)
|
|
(4,074
|
)
|
|
(21,709
|
)
|
||||
Other income (expense), net
|
(103,486
|
)
|
|
(91,480
|
)
|
|
(429,804
|
)
|
|
(495,296
|
)
|
||||
Income before income taxes
|
154,547
|
|
|
209,939
|
|
|
317,490
|
|
|
560,269
|
|
||||
Benefit for income taxes
|
372,713
|
|
|
334,025
|
|
|
497,344
|
|
|
328,985
|
|
||||
Net income
|
527,260
|
|
|
543,964
|
|
|
814,834
|
|
|
889,254
|
|
||||
Less: net income attributable to noncontrolling interests
|
(50,644
|
)
|
|
(52,282
|
)
|
|
(230,654
|
)
|
|
(142,073
|
)
|
||||
Net income attributable to Wynn Resorts, Limited
|
$
|
476,616
|
|
|
$
|
491,682
|
|
|
$
|
584,180
|
|
|
$
|
747,181
|
|
Basic and diluted income per common share:
|
|
|
|
|
|
|
|
||||||||
Net income attributable to Wynn Resorts, Limited:
|
|||||||||||||||
Basic
|
$
|
4.43
|
|
|
$
|
4.80
|
|
|
$
|
5.48
|
|
|
$
|
7.32
|
|
Diluted
|
$
|
4.41
|
|
|
$
|
4.77
|
|
|
$
|
5.46
|
|
|
$
|
7.28
|
|
Weighted average common shares outstanding:
|
|
|
|
|
|
|
|
||||||||
Basic
|
107,619
|
|
|
102,402
|
|
|
106,529
|
|
|
102,071
|
|
||||
Diluted
|
107,974
|
|
|
103,065
|
|
|
107,032
|
|
|
102,598
|
|
||||
Dividends declared per common share:
|
$
|
0.75
|
|
|
$
|
0.50
|
|
|
$
|
2.75
|
|
|
$
|
2.00
|
|
|
Three Months Ended
December 31,
|
|
Twelve Months Ended
December 31,
|
||||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||||
Net income attributable to Wynn Resorts, Limited
|
$
|
476,616
|
|
|
$
|
491,682
|
|
|
$
|
584,180
|
|
|
$
|
747,181
|
|
Litigation settlement expense
|
—
|
|
|
—
|
|
|
463,557
|
|
|
—
|
|
||||
Pre-opening expenses
|
18,235
|
|
|
7,247
|
|
|
53,490
|
|
|
26,692
|
|
||||
Property charges and other
|
29,584
|
|
|
(8,918
|
)
|
|
60,256
|
|
|
29,576
|
|
||||
Change in derivatives fair value
|
4,466
|
|
|
—
|
|
|
4,520
|
|
|
1,056
|
|
||||
Change in Redemption Note fair value
|
—
|
|
|
(10,282
|
)
|
|
69,331
|
|
|
59,700
|
|
||||
Loss (gain) on extinguishment of debt
|
2,027
|
|
|
12,299
|
|
|
(104
|
)
|
|
55,360
|
|
||||
Foreign currency remeasurement loss
|
5,113
|
|
|
1,869
|
|
|
4,074
|
|
|
21,709
|
|
||||
Income tax impact on adjustments
|
(23,599
|
)
|
|
(8,158
|
)
|
|
(137,975
|
)
|
|
(19,911
|
)
|
||||
Impact of U.S. tax reform
|
(390,902
|
)
|
|
(339,921
|
)
|
|
(390,902
|
)
|
|
(339,921
|
)
|
||||
Noncontrolling interests impact on adjustments
|
(7,568
|
)
|
|
(1,489
|
)
|
|
(10,961
|
)
|
|
(20,972
|
)
|
||||
Adjusted net income attributable to Wynn Resorts, Limited
|
$
|
113,972
|
|
|
$
|
144,329
|
|
|
$
|
699,466
|
|
|
$
|
560,470
|
|
Adjusted net income attributable to Wynn Resorts, Limited per diluted share
|
$
|
1.06
|
|
|
$
|
1.40
|
|
|
$
|
6.54
|
|
|
$
|
5.46
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted average common shares outstanding - diluted
|
107,974
|
|
|
103,065
|
|
|
107,032
|
|
|
102,598
|
|
|
Three Months Ended December 31, 2018
|
||||||||||||||||||||||||||||||
|
Operating income (loss)
|
|
Pre-opening expenses
|
|
Depreciation and amortization
|
|
Property charges and other
|
|
Management and license fees
|
|
Corporate expenses and other
|
|
Stock-based compensation
|
|
Adjusted Property EBITDA
|
||||||||||||||||
Macau Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Wynn Palace
|
$
|
129,228
|
|
|
$
|
—
|
|
|
$
|
66,037
|
|
|
$
|
708
|
|
|
$
|
27,977
|
|
|
$
|
1,639
|
|
|
$
|
996
|
|
|
$
|
226,585
|
|
Wynn Macau
|
114,310
|
|
|
—
|
|
|
21,699
|
|
|
7,020
|
|
|
20,993
|
|
|
1,822
|
|
|
1,716
|
|
|
167,560
|
|
||||||||
Other Macau
|
(3,117
|
)
|
|
—
|
|
|
1,114
|
|
|
11
|
|
|
—
|
|
|
1,821
|
|
|
171
|
|
|
—
|
|
||||||||
Total Macau Operations
|
240,421
|
|
|
—
|
|
|
88,850
|
|
|
7,739
|
|
|
48,970
|
|
|
5,282
|
|
|
2,883
|
|
|
394,145
|
|
||||||||
Las Vegas Operations
|
24,159
|
|
|
452
|
|
|
46,795
|
|
|
10,054
|
|
|
18,644
|
|
|
4,282
|
|
|
836
|
|
|
105,222
|
|
||||||||
Corporate and Other
|
(6,547
|
)
|
|
17,783
|
|
|
3,266
|
|
|
11,791
|
|
|
(67,614
|
)
|
|
36,814
|
|
|
4,507
|
|
|
—
|
|
||||||||
Total
|
$
|
258,033
|
|
|
$
|
18,235
|
|
|
$
|
138,911
|
|
|
$
|
29,584
|
|
|
$
|
—
|
|
|
$
|
46,378
|
|
|
$
|
8,226
|
|
|
$
|
499,367
|
|
|
Three Months Ended December 31, 2017
|
||||||||||||||||||||||||||||||
|
Operating income (loss)
|
|
Pre-opening expenses
|
|
Depreciation and amortization
|
|
Property charges and other
|
|
Management and license fees
|
|
Corporate expenses and other
|
|
Stock-based compensation
|
|
Adjusted Property EBITDA
|
||||||||||||||||
Macau Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Wynn Palace
|
$
|
101,443
|
|
|
$
|
—
|
|
|
$
|
64,475
|
|
|
$
|
(7,590
|
)
|
|
$
|
27,014
|
|
|
$
|
3,213
|
|
|
$
|
1,541
|
|
|
$
|
190,096
|
|
Wynn Macau
|
133,923
|
|
|
—
|
|
|
23,249
|
|
|
(1,244
|
)
|
|
24,042
|
|
|
3,499
|
|
|
2,560
|
|
|
186,029
|
|
||||||||
Other Macau
|
(2,686
|
)
|
|
—
|
|
|
1,107
|
|
|
16
|
|
|
—
|
|
|
1,395
|
|
|
168
|
|
|
—
|
|
||||||||
Total Macau Operations
|
232,680
|
|
|
—
|
|
|
88,831
|
|
|
(8,818
|
)
|
|
51,056
|
|
|
8,107
|
|
|
4,269
|
|
|
376,125
|
|
||||||||
Las Vegas Operations
|
37,338
|
|
|
(522
|
)
|
|
45,318
|
|
|
(5,059
|
)
|
|
17,352
|
|
|
8,995
|
|
|
679
|
|
|
104,101
|
|
||||||||
Corporate and Other
|
31,401
|
|
|
7,769
|
|
|
2,731
|
|
|
4,959
|
|
|
(68,408
|
)
|
|
11,815
|
|
|
9,733
|
|
|
—
|
|
||||||||
Total
|
$
|
301,419
|
|
|
$
|
7,247
|
|
|
$
|
136,880
|
|
|
$
|
(8,918
|
)
|
|
$
|
—
|
|
|
$
|
28,917
|
|
|
$
|
14,681
|
|
|
$
|
480,226
|
|
|
Twelve Months Ended December 31, 2018
|
||||||||||||||||||||||||||||||
|
Operating income (loss)
|
|
Pre-opening expenses
|
|
Depreciation and amortization
|
|
Property charges and other
|
|
Management and license fees
|
|
Corporate expenses and other
|
|
Stock-based compensation
|
|
Adjusted Property EBITDA
|
||||||||||||||||
Macau Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Wynn Palace
|
$
|
459,336
|
|
|
$
|
—
|
|
|
$
|
259,898
|
|
|
$
|
9,830
|
|
|
$
|
103,765
|
|
|
$
|
6,732
|
|
|
$
|
4,341
|
|
|
$
|
843,902
|
|
Wynn Macau
|
532,377
|
|
|
—
|
|
|
87,293
|
|
|
11,574
|
|
|
87,135
|
|
|
7,717
|
|
|
7,142
|
|
|
733,238
|
|
||||||||
Other Macau
|
(13,410
|
)
|
|
—
|
|
|
4,429
|
|
|
82
|
|
|
—
|
|
|
8,189
|
|
|
710
|
|
|
—
|
|
||||||||
Total Macau Operations
|
978,303
|
|
|
—
|
|
|
351,620
|
|
|
21,486
|
|
|
190,900
|
|
|
22,638
|
|
|
12,193
|
|
|
1,577,140
|
|
||||||||
Las Vegas Operations
|
170,007
|
|
|
460
|
|
|
186,758
|
|
|
14,886
|
|
|
77,537
|
|
|
14,134
|
|
|
3,491
|
|
|
467,273
|
|
||||||||
Corporate and Other (1)
|
(401,016
|
)
|
|
53,030
|
|
|
12,218
|
|
|
23,884
|
|
|
(268,437
|
)
|
|
559,514
|
|
|
20,807
|
|
|
—
|
|
||||||||
Total
|
$
|
747,294
|
|
|
$
|
53,490
|
|
|
$
|
550,596
|
|
|
$
|
60,256
|
|
|
$
|
—
|
|
|
$
|
596,286
|
|
|
$
|
36,491
|
|
|
$
|
2,044,413
|
|
|
Twelve Months Ended December 31, 2017
|
||||||||||||||||||||||||||||||
|
Operating income (loss)
|
|
Pre-opening expenses
|
|
Depreciation and amortization
|
|
Property charges and other
|
|
Management and license fees
|
|
Corporate expenses and other
|
|
Stock-based compensation
|
|
Adjusted Property EBITDA
|
||||||||||||||||
Macau Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Wynn Palace
|
$
|
157,886
|
|
|
$
|
—
|
|
|
$
|
258,224
|
|
|
$
|
12,663
|
|
|
$
|
83,534
|
|
|
$
|
9,957
|
|
|
$
|
5,319
|
|
|
$
|
527,583
|
|
Wynn Macau
|
540,341
|
|
|
—
|
|
|
97,292
|
|
|
6,688
|
|
|
96,769
|
|
|
11,085
|
|
|
8,577
|
|
|
760,752
|
|
||||||||
Other Macau
|
(15,201
|
)
|
|
—
|
|
|
4,483
|
|
|
179
|
|
|
—
|
|
|
9,875
|
|
|
664
|
|
|
—
|
|
||||||||
Total Macau Operations
|
683,026
|
|
|
—
|
|
|
359,999
|
|
|
19,530
|
|
|
180,303
|
|
|
30,917
|
|
|
14,560
|
|
|
1,288,335
|
|
||||||||
Las Vegas Operations
|
242,457
|
|
|
226
|
|
|
181,879
|
|
|
4,598
|
|
|
64,598
|
|
|
26,578
|
|
|
2,061
|
|
|
522,397
|
|
||||||||
Corporate and Other
|
130,082
|
|
|
26,466
|
|
|
10,490
|
|
|
5,448
|
|
|
(244,901
|
)
|
|
45,065
|
|
|
27,350
|
|
|
—
|
|
||||||||
Total
|
$
|
1,055,565
|
|
|
$
|
26,692
|
|
|
$
|
552,368
|
|
|
$
|
29,576
|
|
|
$
|
—
|
|
|
$
|
102,560
|
|
|
$
|
43,971
|
|
|
$
|
1,810,732
|
|
|
Three Months Ended
December 31,
|
|
Twelve Months Ended
December 31,
|
||||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||||
Net income attributable to Wynn Resorts, Limited
|
$
|
476,616
|
|
|
$
|
491,682
|
|
|
$
|
584,180
|
|
|
$
|
747,181
|
|
Net income attributable to noncontrolling interests
|
50,644
|
|
|
52,282
|
|
|
230,654
|
|
|
142,073
|
|
||||
Litigation settlement expense
|
—
|
|
|
—
|
|
|
463,557
|
|
|
—
|
|
||||
Pre-opening expenses
|
18,235
|
|
|
7,247
|
|
|
53,490
|
|
|
26,692
|
|
||||
Depreciation and amortization
|
138,911
|
|
|
136,880
|
|
|
550,596
|
|
|
552,368
|
|
||||
Property charges and other
|
29,584
|
|
|
(8,918
|
)
|
|
60,256
|
|
|
29,576
|
|
||||
Corporate expenses and other
|
46,378
|
|
|
28,917
|
|
|
132,729
|
|
|
102,560
|
|
||||
Stock-based compensation
|
8,226
|
|
|
14,681
|
|
|
36,491
|
|
|
43,971
|
|
||||
Interest income
|
(8,837
|
)
|
|
(9,195
|
)
|
|
(29,866
|
)
|
|
(31,193
|
)
|
||||
Interest expense, net of amounts capitalized
|
100,717
|
|
|
96,789
|
|
|
381,849
|
|
|
388,664
|
|
||||
Change in derivatives fair value
|
4,466
|
|
|
—
|
|
|
4,520
|
|
|
1,056
|
|
||||
Change in Redemption Note fair value
|
—
|
|
|
(10,282
|
)
|
|
69,331
|
|
|
59,700
|
|
||||
Loss (gain) on extinguishment of debt
|
2,027
|
|
|
12,299
|
|
|
(104
|
)
|
|
55,360
|
|
||||
Other
|
5,113
|
|
|
1,869
|
|
|
4,074
|
|
|
21,709
|
|
||||
Benefit for income taxes
|
(372,713
|
)
|
|
(334,025
|
)
|
|
(497,344
|
)
|
|
(328,985
|
)
|
||||
Adjusted Property EBITDA
|
$
|
499,367
|
|
|
$
|
480,226
|
|
|
$
|
2,044,413
|
|
|
$
|
1,810,732
|
|
|
Three Months Ended December 31,
|
|
Twelve Months Ended December 31,
|
||||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||||
Macau Operations:
|
|
|
(as adjusted)
|
|
|
|
(as adjusted)
|
||||||||
Wynn Palace:
|
|
|
|
|
|
|
|
||||||||
VIP:
|
|
|
|
|
|
|
|
||||||||
Average number of table games
|
114
|
|
|
112
|
|
|
114
|
|
|
104
|
|
||||
VIP turnover
|
$
|
16,156,992
|
|
|
$
|
16,232,654
|
|
|
$
|
61,097,527
|
|
|
$
|
52,573,258
|
|
VIP table games win
(1)
|
$
|
525,898
|
|
|
$
|
489,643
|
|
|
$
|
1,874,189
|
|
|
$
|
1,486,674
|
|
VIP table games win as a % of turnover
|
3.25
|
%
|
|
3.02
|
%
|
|
3.07
|
%
|
|
2.83
|
%
|
||||
Table games win per unit per day
|
$
|
50,057
|
|
|
$
|
47,395
|
|
|
$
|
45,006
|
|
|
$
|
39,325
|
|
Mass market:
|
|
|
|
|
|
|
|
||||||||
Average number of table games
|
208
|
|
|
197
|
|
|
209
|
|
|
202
|
|
||||
Table drop
(2)
|
$
|
1,300,388
|
|
|
$
|
1,124,702
|
|
|
$
|
4,926,347
|
|
|
$
|
3,490,363
|
|
Table games win
(1)
|
$
|
307,368
|
|
|
$
|
264,492
|
|
|
$
|
1,206,244
|
|
|
$
|
795,159
|
|
Table games win %
|
23.6
|
%
|
|
23.5
|
%
|
|
24.5
|
%
|
|
22.8
|
%
|
||||
Table games win per unit per day
|
$
|
16,084
|
|
|
$
|
14,623
|
|
|
$
|
15,834
|
|
|
$
|
10,759
|
|
Average number of slot machines
|
1,074
|
|
|
983
|
|
|
1,065
|
|
|
1,026
|
|
||||
Slot machine handle
|
$
|
1,011,482
|
|
|
$
|
920,641
|
|
|
$
|
3,933,064
|
|
|
$
|
3,053,614
|
|
Slot machine win
(3)
|
$
|
57,575
|
|
|
$
|
55,042
|
|
|
$
|
203,568
|
|
|
$
|
165,754
|
|
Slot machine win per unit per day
|
$
|
583
|
|
|
$
|
609
|
|
|
$
|
524
|
|
|
$
|
443
|
|
Room statistics:
|
|
|
|
|
|
|
|
||||||||
Occupancy
|
97.2
|
%
|
|
96.8
|
%
|
|
96.5
|
%
|
|
96.2
|
%
|
||||
ADR
(4)
|
$
|
277
|
|
|
$
|
215
|
|
|
$
|
265
|
|
|
$
|
199
|
|
REVPAR
(5)
|
$
|
269
|
|
|
$
|
209
|
|
|
$
|
255
|
|
|
$
|
191
|
|
Wynn Macau:
|
|
|
|
|
|
|
|
||||||||
VIP:
|
|
|
|
|
|
|
|
||||||||
Average number of table games
|
111
|
|
|
102
|
|
|
111
|
|
|
96
|
|
||||
VIP turnover
|
$
|
12,776,758
|
|
|
$
|
15,622,932
|
|
|
$
|
57,759,607
|
|
|
$
|
58,303,836
|
|
VIP table games win
(1)
|
$
|
364,783
|
|
|
$
|
451,486
|
|
|
$
|
1,588,002
|
|
|
$
|
1,907,625
|
|
VIP table games win as a % of turnover
|
2.86
|
%
|
|
2.89
|
%
|
|
2.75
|
%
|
|
3.27
|
%
|
||||
Table games win per unit per day
|
$
|
35,851
|
|
|
$
|
48,267
|
|
|
$
|
39,113
|
|
|
$
|
54,726
|
|
Mass market:
|
|
|
|
|
|
|
|
||||||||
Average number of table games
|
205
|
|
|
202
|
|
|
203
|
|
|
204
|
|
||||
Table drop
(2)
|
$
|
1,258,696
|
|
|
$
|
1,250,994
|
|
|
$
|
5,058,332
|
|
|
$
|
4,525,727
|
|
Table games win
(1)
|
$
|
255,736
|
|
|
$
|
230,053
|
|
|
$
|
1,014,484
|
|
|
$
|
880,964
|
|
Table games win %
|
20.3
|
%
|
|
18.4
|
%
|
|
20.1
|
%
|
|
19.5
|
%
|
||||
Table games win per unit per day
|
$
|
13,554
|
|
|
$
|
12,370
|
|
|
$
|
13,698
|
|
|
$
|
11,820
|
|
Average number of slot machines
|
805
|
|
|
934
|
|
|
877
|
|
|
914
|
|
||||
Slot machine handle
|
$
|
878,393
|
|
|
$
|
937,622
|
|
|
$
|
3,740,096
|
|
|
$
|
3,526,747
|
|
Slot machine win
(3)
|
$
|
44,424
|
|
|
$
|
40,818
|
|
|
$
|
161,384
|
|
|
$
|
154,425
|
|
Slot machine win per unit per day
|
$
|
600
|
|
|
$
|
475
|
|
|
$
|
504
|
|
|
$
|
463
|
|
Room statistics:
|
|
|
|
|
|
|
|
||||||||
Occupancy
|
99.3
|
%
|
|
99.4
|
%
|
|
99.2
|
%
|
|
97.5
|
%
|
||||
ADR
(4)
|
$
|
294
|
|
|
$
|
253
|
|
|
$
|
283
|
|
|
$
|
243
|
|
REVPAR
(5)
|
$
|
292
|
|
|
$
|
251
|
|
|
$
|
281
|
|
|
$
|
237
|
|
|
Three Months Ended December 31,
|
|
Twelve Months Ended December 31,
|
||||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||||
Las Vegas Operations:
|
|
|
(as adjusted)
|
|
|
|
(as adjusted)
|
||||||||
Average number of table games
|
236
|
|
|
235
|
|
|
237
|
|
|
236
|
|
||||
Table drop
(2)
|
$
|
508,472
|
|
|
$
|
430,821
|
|
|
$
|
1,852,816
|
|
|
$
|
1,804,988
|
|
Table games win
(1)
|
$
|
113,892
|
|
|
$
|
101,290
|
|
|
$
|
456,021
|
|
|
$
|
465,664
|
|
Table games win %
|
22.4
|
%
|
|
23.5
|
%
|
|
24.6
|
%
|
|
25.8
|
%
|
||||
Table games win per unit per day
|
$
|
5,237
|
|
|
$
|
4,692
|
|
|
$
|
5,282
|
|
|
$
|
5,415
|
|
Average number of slot machines
|
1,815
|
|
|
1,834
|
|
|
1,822
|
|
|
1,856
|
|
||||
Slot machine handle
|
$
|
904,385
|
|
|
$
|
833,207
|
|
|
$
|
3,237,085
|
|
|
$
|
3,183,369
|
|
Slot machine win
(3)
|
$
|
58,407
|
|
|
$
|
56,557
|
|
|
$
|
213,025
|
|
|
$
|
218,897
|
|
Slot machine win per unit per day
|
$
|
350
|
|
|
$
|
335
|
|
|
$
|
320
|
|
|
$
|
323
|
|
Room statistics:
|
|
|
|
|
|
|
|
||||||||
Occupancy
|
88.6
|
%
|
|
82.1
|
%
|
|
87.5
|
%
|
|
86.9
|
%
|
||||
ADR
(4)
|
$
|
315
|
|
|
$
|
301
|
|
|
$
|
314
|
|
|
$
|
303
|
|
REVPAR
(5)
|
$
|
279
|
|
|
$
|
247
|
|
|
$
|
274
|
|
|
$
|
264
|
|