Exhibit

On a U.S. generally accepted accounting principles ("GAAP") basis, net income attributable to Wynn Resorts, Limited was $79.8 million, or $0.78 per diluted share, for the third quarter of 2017, compared to a net loss attributable to Wynn Resorts, Limited of $17.4 million, or $0.17 per diluted share, for the same period of 2016. The increase in net income attributable to Wynn Resorts, Limited was primarily the result of a full quarter of income from Wynn Palace and increased operating income from Wynn Macau and Wynn Las Vegas, partially offset by a loss on extinguishment of debt, an increase in net income attributable to noncontrolling interests and an increase in property charges and other. Property charges and other during the third quarter of 2017 included $19.1 million of estimated costs primarily related to property damage caused by a typhoon that impacted Macau during the quarter. Adjusted net income attributable to Wynn Resorts, Limited (1) was $155.8 million, or $1.52 per diluted share, for the third quarter of 2017, compared to $75.5 million, or $0.74 per diluted share, for the same period of 2016.

Casino revenues from Wynn Macau were $567.7 million for the third quarter of 2017, a 16.2% increase from $488.3 million for the same period of 2016. Table games turnover in VIP operations was $13.37 billion, a 22.2% increase from $10.94 billion for the third quarter of 2016. VIP table games win as a percentage of turnover (calculated before commissions) was 3.37%, above the expected range of 2.7% to 3.0% and the 3.34% experienced in the third quarter of 2016. Table drop in mass market operations was $1.07 billion, a 3.2% decrease from $1.11 billion for the third quarter of 2016. Table games win in mass market operations was $216.4 million, a 5.5% increase from $205.2 million for the third quarter of 2016. Table games win percentage in mass market operations was 20.2%, compared to 18.6% experienced in the third quarter of 2016. Slot machine handle was $864.6 million, a 26.9% increase from $681.6 million for the third quarter of 2016, while slot machine win increased 21.1% to $35.5 million.

Non-casino revenues before promotional allowances from Wynn Macau were $62.2 million for the third quarter of 2017, a 2.3% decrease from $63.7 million for the same period of 2016. Room revenues decreased 7.9%, to $24.1 million for the third quarter of 2017, from $26.2 million for the same period of 2016. Average daily rate ("ADR") was $246, an 8.9% decrease from $270 for the third quarter of 2016. Occupancy increased to 97.3% for the third quarter of 2017, from 95.1% for the same period of 2016. Revenue per available room ("REVPAR") was $240, a 6.6% decrease from $257 for the third quarter of 2016.

Casino revenues from Wynn Palace were $514.5 million for the third quarter of 2017, compared to $146.7 million for the same period of 2016. Table games turnover in VIP operations was $13.69 billion, compared to $4.15 billion for the third quarter of 2016. VIP table games win as a percentage of turnover was 2.99%, within the expected range of 2.7% to 3.0% and above the 2.90% experienced in the third quarter of 2016. Table drop in mass market operations was $866.6 million, compared to $275.9 million for the third quarter of 2016. Table games win in mass market operations was $194.3 million, compared to $51.5 million for the third quarter of 2016. Table games win percentage in mass market operations was 22.4%, compared to 18.7% experienced in the third quarter of 2016. Slot machine handle was $817.5 million, compared to $204.5 million for the third quarter of 2016, while slot machine win increased from $12.6 million to $42.0 million in the third quarter of 2017.

Non-casino revenues before promotional allowances from Wynn Palace were $79.4 million for the third quarter of 2017, compared to $33.9 million for the same period of 2016. Room revenues were $32.9 million for the third quarter of 2017, compared to $14.2 million for the same period of 2016. ADR was $219, a 23.7% decrease from $287 for the third quarter of 2016. Occupancy increased to 96.1% for the third quarter of 2017, from 70.8% for the same period of 2016. REVPAR was $211, a 3.9% increase from $203 for the third quarter of 2016.

Casino revenues from our Las Vegas Operations were $174.4 million for the third quarter of 2017, a 13.9% increase from $153.2 million for the same period of 2016. Table games drop was $496.2 million, a 2.7% increase from $483.4 million for the third quarter of 2016. Table games win was $132.2 million, a 10.8% increase from $119.4 million for the third quarter of 2016. Table games win percentage was 26.6%, above the property’s expected range of 21% to 25% and the 24.7% experienced in the third quarter of 2016. Slot machine handle was $819.5 million, a 0.1% increase from $818.7 million for the third quarter of 2016, while slot machine win increased 13.6% to $59.6 million.

Non-casino revenues before promotional allowances from our Las Vegas Operations were $329.8 million for the third quarter of 2017, a 4.3% increase from $316.3 million for the same period of 2016. Room revenues increased 5.3%, to $118.1 million for the third quarter of 2017, from $112.2 million for the same period of 2016. ADR was $299, a 3.8% increase from $288 for the third quarter of 2016. Occupancy increased to 91.4% for the third quarter of 2017, from the 90.0% experienced in the same period of 2016. REVPAR was $273, a 5.4% increase from $259 for the third quarter of 2016. Food and beverage revenues increased 6.6%, to $154.8 million for the third quarter of 2017, compared to the same period of 2016. Entertainment, retail and other revenues decreased 3.3%, to $57.0 million for the third quarter of 2017, compared to the same period of 2016.

The Company is currently constructing Wynn Boston Harbor, an integrated resort in Everett, Massachusetts, located adjacent to Boston along the Mystic River. The resort will contain a hotel, a waterfront boardwalk, meeting and convention space, casino space, a spa, retail offerings and food and beverage outlets. The total project budget, including gaming license fees, construction costs, capitalized interest, pre-opening expenses and land costs, is estimated to be approximately $2.4 billion. As of September 30, 2017, we have incurred $935.6 million in total project costs. We expect to open Wynn Boston Harbor in mid-2019.

During the quarter, Wynn Macau, Limited completed a cash tender offer for $946.4 million principal amount of the $1.35 billion 5 1/4% Senior Notes due 2021 (the “2021 Notes”) and on October 20, 2017 redeemed the remaining untendered $403.6 million principal amount. In connection with these transactions, Wynn Macau, Limited issued $600 million 4 7/8% Senior Notes due 2024 and $750 million 5 1/2% Senior Notes due 2027, and used the net proceeds to cover the majority of the cost of extinguishing the 2021 Notes. As a result of these transactions, the Company recorded a $20.8 million loss on extinguishment of debt during the third quarter of 2017.

This release contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements, including, but not limited to, our dependence on Stephen A. Wynn, general global political and economic conditions, adverse tourism trends, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development and success of new gaming and resort properties, construction risks, extensive regulation of our business, pending or future legal proceedings, cybersecurity risk and our leverage and debt service. Additional information concerning potential factors that could affect the Company’s financial results is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and the Company’s other periodic reports filed with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaims any such obligation to) update or revise its forward-looking statements as a result of new information, future events or otherwise.

(1) “Adjusted net income attributable to Wynn Resorts, Limited” is net income (loss) attributable to Wynn Resorts, Limited before pre-opening expenses, property charges and other, change in interest rate swap fair value, change in Redemption Note fair value, loss on extinguishment of debt, foreign currency remeasurement gain (loss), net of noncontrolling interests and taxes calculated using the specific tax treatment applicable to the adjustments based on their respective jurisdictions. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share are presented as supplemental disclosures to financial measures in accordance with GAAP because management believes that these non-GAAP financial measures are widely used to measure the performance, and as a principal basis for valuation, of gaming companies. These measures are used by management and/or evaluated by some investors, in addition to income and earnings per share computed in accordance with GAAP, as an additional basis for assessing period-to-period results of our business. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

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

(unaudited)



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Operating revenues:
Casino	$	1,256,602		$	788,219		$	3,574,059		$	2,263,608
Rooms	175,108			152,608			531,558			431,047
Food and beverage	190,854			167,997			537,807			469,072
Entertainment, retail and other	105,500			93,230			310,636			257,256
Gross revenues	1,728,064			1,202,054			4,954,060			3,420,983
Less: promotional allowances	(115,733		)	(92,232		)	(336,788		)	(255,119		)
Net revenues	1,612,331			1,109,822			4,617,272			3,165,864
Operating expenses:
Casino	799,978			505,620			2,303,435			1,428,532
Rooms	44,070			40,188			134,394			115,937
Food and beverage	113,452			109,333			323,840			294,480
Entertainment, retail and other	44,159			40,153			129,986			116,126
General and administrative	178,506			144,206			502,637			381,156
(Benefit) provision for doubtful accounts	1,656			(2,368		)	(4,593		)	816
Pre-opening	6,908			70,778			19,445			150,496
Depreciation and amortization	137,982			106,467			415,488			264,187
Property charges and other	28,293			18,514			38,494			31,366
Total operating expenses	1,355,004			1,032,891			3,863,126			2,783,096
Operating income	257,327			76,931			754,146			382,768
Other income (expense):
Interest income	8,447			3,678			21,998			9,940
Interest expense, net of amounts capitalized	(95,874		)	(79,669		)	(291,875		)	(193,698		)
Change in interest rate swap fair value	(2		)	1,168			(1,056		)	(1,693		)
Change in Redemption Note fair value	(41,718		)	(22,218		)	(69,982		)	(19,239		)
Loss on extinguishment of debt	(20,774		)	—			(43,061		)	—
Equity in income from unconsolidated affiliates	—			—			—			16
Other	(1,894		)	899			(19,840		)	(1,046		)
Other income (expense), net	(151,815		)	(96,142		)	(403,816		)	(205,720		)
Income (loss) before income taxes	105,512			(19,211		)	350,330			177,048
Benefit (provision) for income taxes	457			(120		)	(5,040		)	(1,145		)
Net income (loss)	105,969			(19,331		)	345,290			175,903
Less: net (income) loss attributable to noncontrolling interests	(26,202		)	1,894			(89,791		)	(47,728		)
Net income (loss) attributable to Wynn Resorts, Limited	$	79,767		$	(17,437	)	$	255,499		$	128,175
Basic and diluted income (loss) per common share:
Net income (loss) attributable to Wynn Resorts, Limited:
Basic	$	0.78		$	(0.17	)	$	2.51		$	1.26
Diluted	$	0.78		$	(0.17	)	$	2.49		$	1.26
Weighted average common shares outstanding:
Basic	102,173			101,439			101,960			101,423
Diluted	102,794			101,439			102,460			101,835
Dividends declared per common share:	$	0.50		$	0.50		$	1.50		$	1.50



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Net income (loss) attributable to Wynn Resorts, Limited	$	79,767		$	(17,437	)	$	255,499		$	128,175
Pre-opening expenses	6,908			70,778			19,445			150,496
Property charges and other	28,293			18,514			38,494			31,366
Change in interest rate swap fair value	2			(1,168		)	1,056			1,693
Change in Redemption Note fair value	41,718			22,218			69,982			19,239
Loss on extinguishment of debt	20,774			—			43,061			—
Foreign currency remeasurement (gain) loss	1,894			(899		)	19,840			1,046
Income tax impact on adjustments	(9,983		)	1,681			(11,753		)	1,598
Noncontrolling interests impact on adjustments	(13,556		)	(18,153		)	(19,483		)	(38,472		)
Adjusted net income attributable to Wynn Resorts, Limited	$	155,817		$	75,534		$	416,141		$	295,141
Adjusted net income attributable to Wynn Resorts, Limited per diluted share	$	1.52		$	0.74		$	4.06		$	2.90

Weighted average common shares outstanding - diluted	102,794			101,917			102,460			101,835



	Three Months Ended September 30, 2017
	Operating income (loss)			Pre-opening expenses		Depreciation and amortization		Property charges and other		Management and license fees			Corporate expense and other		Stock-based compensation		Adjusted Property EBITDA
Macau Operations:
Wynn Macau	$	124,566		$	—	$	24,734	$	6,396	$	23,099		$	2,384	$	2,040	$	183,219
Wynn Palace	28,432			—		65,062		19,493		21,769			2,198		1,274		138,228
Other Macau	(6,551		)	—		1,115		157		—			5,111		168		—
Total Macau Operations	146,447			—		90,911		26,046		44,868			9,693		3,482		321,447
Las Vegas Operations	76,785			237		44,549		2,247		22,513			4,740		438		151,509
Corporate and Other	34,095			6,671		2,522		—		(67,381		)	17,510		6,583		—
Total	$	257,327		$	6,908	$	137,982	$	28,293	$	—		$	31,943	$	10,503	$	472,956



	Three Months Ended September 30, 2016
	Operating income (loss)			Pre-opening expenses		Depreciation and amortization		Property charges and other		Management and license fees			Corporate expense and other		Stock-based compensation			Adjusted Property EBITDA
Macau Operations:
Wynn Macau	$	99,461		$	—	$	24,687	$	1,758	$	20,018		$	2,751	$	2,334		$	151,009
Wynn Palace	(79,226		)	65,548		31,561		8		6,554			847		255			25,547
Other Macau	(4,884		)	—		902		—		—			5,186		(1,204		)	—
Total Macau Operations	15,351			65,548		57,150		1,766		26,572			8,784		1,385			176,556
Las Vegas Operations	46,960			64		46,403		16,748		13,441			4,634		629			128,879
Corporate and Other	14,620			5,166		2,914		—		(40,013		)	11,279		6,034			—
Total	$	76,931		$	70,778	$	106,467	$	18,514	$	—		$	24,697	$	8,048		$	305,435



	Nine Months Ended September 30, 2017
	Operating income (loss)			Pre-opening expenses		Depreciation and amortization		Property charges and other		Management and license fees			Corporate expense and other		Stock-based compensation		Adjusted Property EBITDA
Macau Operations:
Wynn Macau	$	406,418		$	—	$	74,043	$	7,932	$	72,727		$	7,586	$	6,017	$	574,723
Wynn Palace	56,443			—		193,749		20,253		56,520			6,744		3,778		337,487
Other Macau	(12,515		)	—		3,376		163		—			8,480		496		—
Total Macau Operations	450,346			—		271,168		28,348		129,247			22,810		10,291		912,210
Las Vegas Operations	205,119			748		136,561		9,657		47,246			17,583		1,382		418,296
Corporate and Other	98,681			18,697		7,759		489		(176,493		)	33,250		17,617		—
Total	$	754,146		$	19,445	$	415,488	$	38,494	$	—		$	73,643	$	29,290	$	1,330,506



	Nine Months Ended September 30, 2016
	Operating income (loss)			Pre-opening expenses		Depreciation and amortization		Property charges and other		Management and license fees			Corporate expense and other		Stock-based compensation		Adjusted Property EBITDA
Macau Operations:
Wynn Macau	$	369,490		$	—	$	74,530	$	4,206	$	67,154		$	9,196	$	8,067	$	532,643
Wynn Palace	(154,602		)	131,144		41,162		187		6,554			847		255		25,547
Other Macau	(14,022		)	—		2,379		—		—			10,667		976		—
Total Macau Operations	200,866			131,144		118,071		4,393		73,708			20,710		9,298		558,190
Las Vegas Operations	138,333			2,199		137,349		26,989		38,963			14,324		2,036		360,193
Corporate and Other	43,569			17,153		8,767		—		(112,671		)	25,660		17,522		—
Total	$	382,768		$	150,496	$	264,187	$	31,382	$	—		$	60,694	$	28,856	$	918,383



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Net income (loss) attributable to Wynn Resorts, Limited	$	79,767		$	(17,437	)	$	255,499		$	128,175
Net income (loss) attributable to noncontrolling interests	26,202			(1,894		)	89,791			47,728
Pre-opening expenses	6,908			70,778			19,445			150,496
Depreciation and amortization	137,982			106,467			415,488			264,187
Property charges and other	28,293			18,514			38,494			31,366
Corporate expense and other	31,943			24,697			73,643			60,694
Stock-based compensation	10,503			8,048			29,290			28,856
Interest income	(8,447		)	(3,678		)	(21,998		)	(9,940		)
Interest expense, net of amounts capitalized	95,874			79,669			291,875			193,698
Change in interest rate swap fair value	2			(1,168		)	1,056			1,693
Change in Redemption Note fair value	41,718			22,218			69,982			19,239
Loss on extinguishment of debt	20,774			—			43,061			—
Other expenses	1,894			(899		)	19,840			1,046
(Benefit) provision for income taxes	(457		)	120			5,040			1,145
Adjusted Property EBITDA	$	472,956		$	305,435		$	1,330,506		$	918,383



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Macau Operations:
Wynn Macau:
VIP:
Average number of table games	96			142			93			171
VIP turnover	$	13,373,060		$	10,941,100		$	42,680,904		$	36,252,239
VIP table games win	$	451,136		$	365,047		$	1,456,139		$	1,214,675
VIP table games win as a % of turnover	3.37		%	3.34		%	3.41		%	3.35		%
Table games win per unit per day (1)	$	51,324		$	28,003		$	57,095		$	25,871
Mass market:
Average number of table games	206			201			205			228
Table drop (2)	$	1,070,119		$	1,105,938		$	3,274,733		$	3,489,272
Table games win	$	216,439		$	205,179		$	650,911		$	687,876
Table games win %	20.2		%	18.6		%	19.9		%	19.7		%
Table games win per unit per day (1)	$	11,408		$	11,089		$	11,637		$	11,008
Average number of slot machines	918			804			907			787
Slot machine handle	$	864,553		$	681,552		$	2,589,125		$	2,584,342
Slot machine win	$	35,522		$	29,327		$	113,607		$	113,098
Slot machine win per unit per day (3)	$	421		$	396		$	459		$	524
Room statistics:
Occupancy	97.3		%	95.1		%	96.9		%	93.8		%
ADR (4)	$	246		$	270		$	256		$	304
REVPAR (5)	$	240		$	257		$	248		$	286

Wynn Palace (6):
VIP:
Average number of table games	106			72			101			72
VIP turnover	$	13,694,250		$	4,150,448		$	36,340,603		$	4,150,448
VIP table games win	$	409,648		$	120,455		$	997,031		$	120,455
VIP table games win as a % of turnover	2.99		%	2.90		%	2.74		%	2.90		%
Table games win per unit per day (1)	$	42,015		$	42,117		$	36,290		$	42,117
Mass market:
Average number of table games	201			274			205			274
Table drop (2)	$	866,637		$	275,898		$	2,365,661		$	275,898
Table games win	$	194,294		$	51,525		$	530,668		$	51,525
Table games win %	22.4		%	18.7		%	22.4		%	18.7		%
Table games win per unit per day (1)	$	10,491		$	4,702		$	9,507		$	4,702
Average number of slot machines	1,100			1,132			1,041			1,132
Slot machine handle	$	817,543		$	204,515		$	2,132,973		$	204,515
Slot machine win	$	41,965		$	12,610		$	110,712		$	12,610
Slot machine win per unit per day (3)	$	415		$	279		$	390		$	279
Room statistics:
Occupancy	96.1		%	70.8		%	96.0		%	70.8		%
ADR (4)	$	219		$	287		$	237		$	287
REVPAR (5)	$	211		$	203		$	227		$	203



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Las Vegas Operations:
Average number of table games	237			234			236			236
Table drop (2)	$	496,233		$	483,382		$	1,374,167		$	1,385,963
Table games win	$	132,227		$	119,388		$	364,374		$	340,572
Table games win %	26.6		%	24.7		%	26.5		%	24.6		%
Table games win per unit per day (1)	$	6,065		$	5,552		$	5,657		$	5,264
Average number of slot machines	1,849			1,890			1,864			1,888
Slot machine handle	$	819,462		$	818,719		$	2,350,162		$	2,286,559
Slot machine win	$	59,605		$	52,460		$	162,340		$	150,786
Slot machine win per unit per day (3)	$	350		$	302		$	319		$	291
Room statistics:
Occupancy	91.4		%	90.0		%	88.5		%	85.7		%
ADR (4)	$	299		$	288		$	305		$	298
REVPAR (5)	$	273		$	259		$	270		$	255