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     <!-- Control Number: ny13005                                                          -->
     <!-- Rev Number:     8-K                                                              -->
     <!-- Client Name:    Wynn Resorts Ltd.                                                -->
     <!-- Project Name:   NY13005                                                          -->
     <!-- Firm Name:                                                                       -->
     <TITLE>8-K</TITLE>
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<TD><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></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><HR NOSHADE SIZE=1 width=30%></TD></TR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM
8-K  </FONT></H1></TD></TR>
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<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT
REPORT</FONT></H1></TD></TR></TABLE><BR>

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     <TD WIDTH="600" ALIGN="CENTER"><HR NOSHADE SIZE=1 width=30%></TD></TR>
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<TD><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></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>May 31, 2004<!-- DATE --></B></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date of Report (Date of earliest event reported) </FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Wynn Resorts, Limited<!-- Name of Registrant --></B></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="600" ALIGN="CENTER"><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>Nevada<!-- State--></B> </font></td>
<td Align=CENTER Width=34%><Font Face="Times New Roman, Times, Serif" Size=2><B>000-50028<!-- File No.--></B> </font></td>
<td Align=CENTER Width=33%><Font Face="Times New Roman, Times, Serif" Size=2><B>46-0484987<!-- Irs No.--></B> </font></td>
</tr>
<tr Valign=TOP>
<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(State or Other Jurisdiction <br>of Incorporation)
</font></td>
<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>
</tr>
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<br><BR>

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<TR VALIGN="BOTTOM">
     <TD WIDTH="75" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="350" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>3131 Las Vegas Boulevard South<BR>
Las Vegas, Nevada<!-- ADDRESS --></B></FONT></TD>
     <TD WIDTH="100" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>89109<!-- ZIP CODE --></B></FONT></TD>
     <TD WIDTH="75" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="75" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="350" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of Principal Executive Offices) </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>
</TABLE>
<BR><BR>

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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(702) 770-7555<!-- TELEPHONE NO. --></B></FONT></TD></TR>
<TR VALIGN="TOP">
     <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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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Item 5.</U></FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<U> Other Events and Required FD Disclosure.</U></FONT></TD>
</TR>
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<TD>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Macau
Project Updates </FONT></P></TD></TR>
</TABLE>
<BR>

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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;On
May 31, 2004, the Legislative Assembly of the Special Administrative Region of Macau,
People&#146;s Republic of China, enacted legislation that enables casinos operating in
Macau to lawfully extend credit to gaming customers and to enforce gaming debts in Macau.
By its terms, the legislation becomes effective on July 1, 2004. It is expected that the
legislation will be signed into law by the Macau Chief Executive, Edmund Ho Hau Wah,
during the month of June.  </FONT></TD></TR>
</TABLE>
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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;The
Registrant&#146;s subsidiary, Wynn Resorts (Macau), S.A. (&#147;Wynn Macau&#148;), has
completed additional steps toward the development of its first hotel/casino project in
Macau, which is expected to have a total project budget of approximately US$705 million.
The project will include 600 hotel rooms, approximately 100,000 square feet of gaming
space, seven restaurants, approximately 28,000 square feet of retail, together with a
spa, salon and entertainment facilities.  </FONT></TD></TR>
</TABLE>
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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;On
June 4, 2004, Wynn Macau notified the Macau government of its acceptance of a Land
Concession Contract for the project site. The project site is located in Macau&#146;s
inner harbor area opposite the Hotel Lisboa, Macau&#146;s largest and best- known hotel
casino. Under the terms of the Land Concession Contract, which becomes effective when
published in the government&#146;s official gazette, Wynn Macau will lease a parcel of
approximately 16 acres from the government for an initial term of 25 years, with a right
to renew for additional periods. When the Land Concession Contract becomes effective,
Wynn Macau is required to make an initial payment to the government of approximately
US$40 million (which will be paid in 10 semi-annual installments) and to pay
approximately US$17 million to Nam Van Development Company for its relinquishment of
rights to a portion of the land. During the term, Wynn Macau is required to make annual
lease payments of up to US$400,000.  </FONT></TD></TR>
</TABLE>
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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;Also
on June 4, 2004, the Registrant and Wynn Macau entered into an underwriting agreement
with Deutsche Bank AG, Hong Kong, and Soci&eacute;t&eacute; G&eacute;n&eacute;rale Asia
Limited, as Global Coordinating Lead Arrangers, for a fully underwritten senior bank
facility of US$397 million to finance the development and construction of the project.  </FONT></TD></TR>
</TABLE>
<BR>

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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;The
underwritten senior debt facility includes a term loan in the amount of US$382 million,
which may be borrowed in either Hong Kong dollars or US dollars (in a split to be
determined), and a working capital facility of HK$117 million (approximately US$15
million), which may be borrowed in either Macau patacas or Hong Kong dollars (in a split
to be determined). Subject to the satisfaction of certain conditions precedent, each of
the Global Coordinating Lead Arrangers will underwrite the equivalent of US$198.5 million
for Wynn Macau. It is currently anticipated that the term loan will have a term of seven
years and that the working capital facility will have a term of three years, in each case
from the date of signing of the definitive financing documentation. Wynn Macau has agreed
to pay customary fees and expenses in connection with the financing.  </FONT></TD></TR>
</TABLE>
<BR>

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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;This
financing, together with the legislation discussed above, satisfies the preconditions to
commencement of construction of the project previously set forth by the Registrant.  </FONT></TD></TR>
</TABLE>
<BR>

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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;Wynn
Macau also has established June 28, 2004 as the date of commencement under a guaranteed
maximum price construction contract with Leighton Contractors (Asia) Limited, China State
Construction Engineering (Hong Kong) Limited and China Construction Engineering (Macau)
Company Limited, acting together as general contractor, for the design and construction
of the project. Under the construction contract, the contractors are responsible for both
the construction and design of the project (other than certain limited portions to be
designed by an affiliate of Wynn Macau) based on an existing scope of work and design
specifications provided by Wynn Macau. The contractors are obligated to substantially
complete the project within 26 months after the date of commencement for a guaranteed
maximum price of US$255.5 million (including the contractors&#146; fee and contingency).
It is anticipated that the guaranteed maximum price will be increased shortly to
approximately US$285 million to reflect the addition of a parking structure and certain
other site work to the project description. With the increase, the current total design and construction costs
are estimated to be approximately US$425 million out of the total US$705 million budget. Both the contract time and guaranteed
maximum price are subject to further adjustment under the circumstances specified in the
contract. The performance of the contractors will be backed by a full completion
guarantee to be given jointly and severally by Leighton Holdings Limited and China
Overseas Holdings Limited, the parent companies of the contracting entities, as well as a
performance bond to be issued by a bank in an amount equal to ten percent of the
guaranteed maximum price.  </FONT></TD></TR>
</TABLE>
<BR>

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<TD><HR SIZE=5 NOSHADE COLOR="BLACK">
</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>
</TABLE>
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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>
</TABLE>
<BR>

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<TD>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date:
&nbsp;&nbsp;June 9, 2004 </FONT></P></TD></TR>
</TABLE>
<BR>




<!-- MARKER FORMAT-SHEET="Company Right" FSL="Project" -->
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  <TR VALIGN="BOTTOM">
    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- TYPE "DATE:" HERE--> </FONT></TD>
    <TD WIDTH="44%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Wynn Resorts, Limited<!-- COMPANY --> </FONT></TD>
  </TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Date By Signature" FSL="Project" -->
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  <TR VALIGN="BOTTOM">
    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- DATE--> </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By: </FONT></TD>
    <TD WIDTH="43%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;/s/ John Strzemp<!-- NAME --> </FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <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>
  </TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Name Title Right" FSL="Project" -->
<TABLE WIDTH="600" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR VALIGN="BOTTOM">
    <TD WIDTH="52%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
    <TD WIDTH="43%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">John Strzemp <!-- NAME --></FONT></TD>
</TR>
  <TR VALIGN="BOTTOM">
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Executive Vice President and<BR>
Chief Financial Officer <!-- TITLE --></FONT></TD></TR>
</TABLE>
<BR>




</BODY>
</HTML>
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{"company-data": {"conformed-name": "WYNN RESORTS LTD", "cik": "0001174922", "assigned-sic": "7990", "irs-number": "460484987"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50028", "film-number": "04856750"}, "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"}}
8-K
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
May 31, 2004
Date of Report (Date of earliest event reported)
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.)
3131 Las Vegas Boulevard South
Las Vegas, Nevada
89109
(Address of Principal Executive Offices)
(Zip Code)
(702) 770-7555
(Registrant's telephone number, including area code)
Item 5.
Other Events and Required FD Disclosure.
Macau
Project Updates
On
May 31, 2004, the Legislative Assembly of the Special Administrative Region of Macau,
People's Republic of China, enacted legislation that enables casinos operating in
Macau to lawfully extend credit to gaming customers and to enforce gaming debts in Macau.
By its terms, the legislation becomes effective on July 1, 2004. It is expected that the
legislation will be signed into law by the Macau Chief Executive, Edmund Ho Hau Wah,
during the month of June.
The
Registrant's subsidiary, Wynn Resorts (Macau), S.A. ("Wynn Macau"), has
completed additional steps toward the development of its first hotel/casino project in
Macau, which is expected to have a total project budget of approximately US$705 million.
The project will include 600 hotel rooms, approximately 100,000 square feet of gaming
space, seven restaurants, approximately 28,000 square feet of retail, together with a
spa, salon and entertainment facilities.
On
June 4, 2004, Wynn Macau notified the Macau government of its acceptance of a Land
Concession Contract for the project site. The project site is located in Macau's
inner harbor area opposite the Hotel Lisboa, Macau's largest and best- known hotel
casino. Under the terms of the Land Concession Contract, which becomes effective when
published in the government's official gazette, Wynn Macau will lease a parcel of
approximately 16 acres from the government for an initial term of 25 years, with a right
to renew for additional periods. When the Land Concession Contract becomes effective,
Wynn Macau is required to make an initial payment to the government of approximately
US$40 million (which will be paid in 10 semi-annual installments) and to pay
approximately US$17 million to Nam Van Development Company for its relinquishment of
rights to a portion of the land. During the term, Wynn Macau is required to make annual
lease payments of up to US$400,000.
Also
on June 4, 2004, the Registrant and Wynn Macau entered into an underwriting agreement
with Deutsche Bank AG, Hong Kong, and Société Générale Asia
Limited, as Global Coordinating Lead Arrangers, for a fully underwritten senior bank
facility of US$397 million to finance the development and construction of the project.
The
underwritten senior debt facility includes a term loan in the amount of US$382 million,
which may be borrowed in either Hong Kong dollars or US dollars (in a split to be
determined), and a working capital facility of HK$117 million (approximately US$15
million), which may be borrowed in either Macau patacas or Hong Kong dollars (in a split
to be determined). Subject to the satisfaction of certain conditions precedent, each of
the Global Coordinating Lead Arrangers will underwrite the equivalent of US$198.5 million
for Wynn Macau. It is currently anticipated that the term loan will have a term of seven
years and that the working capital facility will have a term of three years, in each case
from the date of signing of the definitive financing documentation. Wynn Macau has agreed
to pay customary fees and expenses in connection with the financing.
This
financing, together with the legislation discussed above, satisfies the preconditions to
commencement of construction of the project previously set forth by the Registrant.
Wynn
Macau also has established June 28, 2004 as the date of commencement under a guaranteed
maximum price construction contract with Leighton Contractors (Asia) Limited, China State
Construction Engineering (Hong Kong) Limited and China Construction Engineering (Macau)
Company Limited, acting together as general contractor, for the design and construction
of the project. Under the construction contract, the contractors are responsible for both
the construction and design of the project (other than certain limited portions to be
designed by an affiliate of Wynn Macau) based on an existing scope of work and design
specifications provided by Wynn Macau. The contractors are obligated to substantially
complete the project within 26 months after the date of commencement for a guaranteed
maximum price of US$255.5 million (including the contractors' fee and contingency).
It is anticipated that the guaranteed maximum price will be increased shortly to
approximately US$285 million to reflect the addition of a parking structure and certain
other site work to the project description. With the increase, the current total design and construction costs
are estimated to be approximately US$425 million out of the total US$705 million budget. Both the contract time and guaranteed
maximum price are subject to further adjustment under the circumstances specified in the
contract. The performance of the contractors will be backed by a full completion
guarantee to be given jointly and severally by Leighton Holdings Limited and China
Overseas Holdings Limited, the parent companies of the contracting entities, as well as a
performance bond to be issued by a bank in an amount equal to ten percent of the
guaranteed maximum price.
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 9, 2004
Wynn Resorts, Limited
By:
/s/ John Strzemp
John Strzemp
Executive Vice President and
Chief Financial Officer