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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>UNITED STATES
<BR>SECURITIES AND EXCHANGE COMMISSION<Br>Washington, D.C. 20549 </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>FORM 8-K </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>CURRENT REPORT </font></h1>
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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>  PURSUANT
TO SECTION 13 OR 15(D) OF THE<BR> SECURITIES EXCHANGE ACT OF 1934   </font></h1>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date
of Report (Date of earliest event reported):&nbsp;<B>June 24, 2003</B> </FONT></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3> <b>Wynn
Resorts, Limited  </B></FONT><BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(Exact Name of Registrant as Specified in its Charter) </FONT></TD></TR>
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<td Align=CENTER Width=33%><Font Face="Times New Roman, Times, Serif" Size=2><B>&nbsp;<!-- State-->Nevada</B> </font></td>
<td Align=CENTER Width=34%><Font Face="Times New Roman, Times, Serif" Size=2><B>&nbsp;<!-- File No.-->000-50028</B> </font></td>
<td Align=CENTER Width=33%><Font Face="Times New Roman, Times, Serif" Size=2><B>&nbsp;<!-- Irs No.-->46-0484987</B> </font></td>
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<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(State or Other Jurisdiction of<br> Incorporation)
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<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(Commission<br>File Number) </font></td>
<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(IRS Employer<br> Identification No.) </font></td>
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     <TD WIDTH="350" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>3145 Las Vegas Boulevard South<BR> Las Vegas, Nevada</B></FONT></TD>

     <TD WIDTH="75" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="100" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>89109</B></FONT></TD>
     <TD WIDTH="75" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
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    <TD WIDTH="350" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of Principal Executive Offices) </FONT></TD>
     <TD WIDTH="75" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
      <TD WIDTH="100" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Zip Code)</FONT></TD>
     <TD WIDTH="75" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(702)&nbsp;733-4444</B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Registrant's telephone number, including area code)</FONT></TD></TR>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Item&nbsp;5</U>.&nbsp;
<U>Other Events</U>. </FONT></P></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On
June 24, 2003, Wynn Las Vegas, LLC (the &#147;Company&#148;), a wholly-owned subsidiary of
Wynn Resorts, Limited, entered into an interest rate swap agreement with JPMorgan Chase
Bank (&#147;JPMorgan Chase&#148;) to hedge a portion of the underlying interest risk on
future borrowings under the Company&#146;s existing credit facility. Pursuant to the hedge
agreement, the Company will pay to JPMorgan Chase a fixed interest rate of approximately
2.69% on borrowings estimated to be incurred periodically under the Company&#146;s
existing credit facility up to a maximum of $500,000,000, in exchange for payments from
JPMorgan Chase on the same amounts at a variable interest rate based on the applicable
London Interbank Offered Rate (&#147;LIBOR&#148;) at the time of payment. The term of the
agreement is October 26, 2004 through December 26, 2006. </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As
reported in the Current Report on Form 8-K filed by Wynn Resorts, Limited on June 5, 2003,
the Company has previously entered into a similar hedge agreement with JPMorgan Chase with
respect to another $325,000,000 of estimated borrowings under the credit facility. As a
result of these hedge agreements, the Company has effectively hedged the underlying
interest risk of $825.0 million of the $1.0 billion of available borrowings under the
credit facility. The Company&#146;s credit facility currently anticipates annual interest
charges on outstanding borrowings at LIBOR plus 4% on revolving loans and plus 5.5% on
term loans. The Company currently has no amounts outstanding under its existing credit
facility. The Company cannot predict with certainty that its actual borrowings under the
credit facility will match, in timing or amount, the estimated borrowings upon which the
hedge arrangements are based. </FONT></TD></TR></TABLE><BR>

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<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></TD></TR>
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      <P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date:&nbsp;&nbsp;June 26, 2003 </FONT></P>
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    <TD WIDTH="38"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- TYPE "DATE:" HERE--> </FONT></TD>
    <TD WIDTH="238"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="254"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Wynn Resorts, Limited </FONT></TD>
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    <TD WIDTH="38"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="219"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- DATE--> </FONT></TD>
    <TD WIDTH="28"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="26"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By: </FONT></TD>
    <TD WIDTH="238"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> /s/
      <!-- NAME -->
      John Strzemp </FONT></TD>
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    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD>&nbsp;  </TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD> <HR NOSHADE SIZE="1"> </TD>
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    <TD WIDTH="344"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="254"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">John Strzemp<BR>Executive Vice President
and<BR> Chief Financial Officer</FONT></TD>
    <TD WIDTH="5"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT></TD>
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[{"type": "8-K", "sequence": "1", "filename": "los326211.htm", "description": "FORM 8-K", "secsgml_size_bytes": 11004}]
{"company-data": {"conformed-name": "WYNN RESORTS LTD", "cik": "0001174922", "assigned-sic": "7011", "irs-number": "460484987"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50028", "film-number": "03758216"}, "business-address": {"street1": "3145 LAS VEGAS BLVD S.", "city": "LAS VEGAS", "state": "NV", "zip": "89109", "phone": "7027334444"}, "mail-address": {"street1": "3145 LAS VEGAS BLVD S.", "city": "LAS VEGAS", "state": "NV", "zip": "89109"}}
8K Form
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
June 24, 2003
Wynn
Resorts, Limited
(Exact Name of Registrant as Specified in its Charter)
Nevada
000-50028
46-0484987
(State or Other Jurisdiction of
Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
3145 Las Vegas Boulevard South
Las Vegas, Nevada
89109
(Address of Principal Executive Offices)
(Zip Code)
(702) 733-4444
(Registrant's telephone number, including area code)
Item 5
.
Other Events
.
On
June 24, 2003, Wynn Las Vegas, LLC (the "Company"), a wholly-owned subsidiary of
Wynn Resorts, Limited, entered into an interest rate swap agreement with JPMorgan Chase
Bank ("JPMorgan Chase") to hedge a portion of the underlying interest risk on
future borrowings under the Company's existing credit facility. Pursuant to the hedge
agreement, the Company will pay to JPMorgan Chase a fixed interest rate of approximately
2.69% on borrowings estimated to be incurred periodically under the Company's
existing credit facility up to a maximum of $500,000,000, in exchange for payments from
JPMorgan Chase on the same amounts at a variable interest rate based on the applicable
London Interbank Offered Rate ("LIBOR") at the time of payment. The term of the
agreement is October 26, 2004 through December 26, 2006.
As
reported in the Current Report on Form 8-K filed by Wynn Resorts, Limited on June 5, 2003,
the Company has previously entered into a similar hedge agreement with JPMorgan Chase with
respect to another $325,000,000 of estimated borrowings under the credit facility. As a
result of these hedge agreements, the Company has effectively hedged the underlying
interest risk of $825.0 million of the $1.0 billion of available borrowings under the
credit facility. The Company's credit facility currently anticipates annual interest
charges on outstanding borrowings at LIBOR plus 4% on revolving loans and plus 5.5% on
term loans. The Company currently has no amounts outstanding under its existing credit
facility. The Company cannot predict with certainty that its actual borrowings under the
credit facility will match, in timing or amount, the estimated borrowings upon which the
hedge arrangements are based.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:  June 26, 2003
Wynn Resorts, Limited
By:
/s/
John Strzemp
John Strzemp
Executive Vice President
and
Chief Financial Officer