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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award  
Valuation Assumptions
The fair value of stock options granted under the Omnibus Plan during the year ended December 31, 2016 was estimated on the date of grant using an expected dividend yield of 2.0%, expected volatility of 45.4%, a risk-free interest rate of 1.1% and an expected term of 6.0 years.

The fair value of stock options granted under WML's Share Option Plan was estimated on the date of grant using the following weighted average assumptions:
 
Years Ended December 31,
 
2018
 
2017
 
2016
Expected dividend yield
5.7
%
 
5.7
%
 
6.3
%
Expected volatility
40.2
%
 
41.5
%
 
42.6
%
Risk-free interest rate
2.3
%
 
1.1
%
 
1.0
%
Expected term (years)
6.5

 
6.5

 
6.5
Wynn Resorts Limited 2014 Omnibus Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Option Activity
The summary of stock option activity under the Omnibus Plan for the year ended December 31, 2018 is presented below:
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding as of January 1, 2018
644,460

 
$
73.93

 
 
 
 
Granted
—

 
$
—

 
 
 
 
Exercised
(261,470
)
 
$
77.07

 
 
 
 
Forfeited or expired
(37,200
)
 
$
172.07

 
 
 
 
Outstanding as of December 31, 2018
345,790

 
$
60.99

 
1.25
 
$
14,796,122

Fully vested and expected to vest as of December 31, 2018
345,790

 
$
60.99

 
1.25
 
$
14,796,122

Exercisable as of December 31, 2018
285,790

 
$
63.91

 
1.44
 
$
11,688,722


The following is provided for stock options under the Omnibus Plan (in thousands, except weighted average grant date fair value):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Weighted average grant date fair value
$
—

 
$
—

 
$
34.90

Intrinsic value of stock options exercised
$
22,387

 
$
29,716

 
$
3,657

Cash received from the exercise of stock options
$
20,148

 
$
61,506

 
$
3,487
Restricted Stock Award Activity
The summary of nonvested share activity under the Omnibus Plan for the year ended December 31, 2018 is presented below:
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Nonvested as of January 1, 2018
460,584

 
$
98.21

Granted
288,270

 
170.13

Vested
(96,559
)
 
121.51

Forfeited
(125,908
)
 
133.76

Nonvested as of December 31, 2018
526,387

 
$
127.84
Restricted Stock Award Activity
The following is provided for the share awards under the Omnibus Plan (in thousands, except weighted average grant date fair value):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Weighted average grant date fair value
$
170.13

 
$
109.28

 
$
63.56

Fair value of shares vested
$
13,024

 
$
45,801

 
$
39,380
Share Option Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Restricted Stock Award Activity
The summary of stock option activity under the Share Option Plan for the year ended December 31, 2018 is presented below:

 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding as of January 1, 2018
7,006,000

 
$
2.32

 
 
 
 
Granted
4,494,000

 
$
2.65

 
 
 
 
Exercised
(941,600
)
 
$
1.94

 
 
 
 
Outstanding as of December 31, 2018
10,558,400

 
$
2.49

 
7.80
 
$
1,403,732

Fully vested and expected to vest as of December 31, 2018
10,558,400

 
$
2.49

 
7.80
 
$
1,403,732

Exercisable as of December 31, 2018
3,302,800

 
$
2.72

 
5.20
 
$
484,717


The following is provided for stock options under the Share Option Plan (in thousands, except weighted average grant date fair value):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Weighted average grant date fair value
$
0.57

 
$
0.56

 
$
0.31

Intrinsic value of stock options exercised
$
1,715

 
$
369

 
$
—

Cash received from the exercise of stock options
$
1,823

 
$
703

 
$
—
Share Award Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Restricted Stock Award Activity
The summary of nonvested share activity under the Share Award Plan for the year ended December 31, 2018 is presented below:

 
Shares
 
Weighted
Average
Grant Date
Fair Value
Nonvested as of January 1, 2018
11,842,707

 
$
2.24

Granted
3,256,630

 
$
3.07

Vested
(3,565,245
)
 
$
3.56

Forfeited
(1,780,825
)
 
$
2.03

Nonvested as of December 31, 2018
9,753,267

 
$
2.07



The weighted average grant date fair value for shares granted during the year and the total fair value of shares vested under the Share Award Plan is presented below (in thousands, except weighted average grant date fair value):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Weighted average grant date fair value
$
3.07

 
$
2.22

 
$
1.38

Fair value of shares vested
$
1,309

 
$
6,884

 
$
—
Share-Based Compensation Allocated Costs
The total compensation cost for stock-based compensation plans was recorded as follows (in thousands):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Casino
$
5,946

 
$
6,954

 
$
11,304

Rooms
437

 
655

 
374

Food and beverage
1,125

 
1,466

 
1,060

Entertainment, retail and other
111

 
147

 
82

General and administrative
28,872

 
34,749

 
30,398

Pre-opening
750

 
—

 
504

Property charges and other (1)
(2,201
)
 
—

 
—

Total stock-based compensation expense
35,040

 
43,971

 
43,722

Total stock-based compensation capitalized
11

 
80

 
92

Total stock-based compensation costs
$
35,051

 
$
44,051

 
$
43,814