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): July 7, 2003


                             Wynn Resorts, Limited
            (Exact Name of Registrant as Specified in its Charter)


            Nevada                      000-50028            46-0484987
(State or Other Jurisdiction of        (Commission         (I.R.S. Employer
      Incorporation)                   File Number)        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)





<page>

Item 5.  Other Events.

         On July 7, 2003, the Registrant issued a press release, filed
herewith as Exhibit 99.1 and by this reference incorporated herein, announcing
that it had consummated a private offering of convertible subordinated
debentures due 2015.

         The offering was made only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as amended. The
Registrant contributed approximately $35 million of the net proceeds from the
offering to a subsidiary, which purchased U.S. government securities to secure
the payment of three years of scheduled interest payments as required by the
indenture governing the debentures. In addition, such subsidiary guaranteed
the debentures and the Registrant guaranteed the subsidiary's obligations
under the subsidiary's guarantee. The Registrant intends to use the remaining
net proceeds from the offering to help finance its Macau project and for
general corporate purposes.

         The debentures are the Registrant's subordinated unsecured (other
than with respect to three years of scheduled interest payments) obligations
and rank junior in right of payment to all existing and future senior
indebtedness of the Registrant, and equally with any existing and future
subordinated indebtedness. The Registrant will pay interest on the debentures
on January 15 and July 15 of each year, beginning January 15, 2004.

         Each $1,000 principal amount of the debentures is convertible at each
holder's option into 43.4782 shares of the Registrant's common stock (subject
to adjustment as provided in the indenture governing the debentures). The
conversion rate of the debentures is equivalent to a conversion price of
$23.00 per share of the Registrant's common stock.

         The Registrant may redeem some or all of the debentures for cash on
or after July 20, 2007 at prices specified in the Indenture. The holders
may require the Registrant to repurchase all or a portion of their debentures,
subject to certain exceptions, upon the occurrence of a change of control of
the Registrant. If any holder requires the Registrant to repurchase its
debentures, the Registrant may elect to pay the repurchase price in cash or
shares of its common stock or a combination of cash and shares of its common
stock.

         The Registrant has agreed to file a shelf registration statement with
respect to the resale of the debentures, the guarantees of the debentures and
the common stock issuable upon conversion of the debentures and to use
commercially reasonable efforts to cause the shelf registration statement to
become effective within 250 days after the original issuance of the
debentures.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (c) Exhibits:

         Exhibit
         Number         Description
         -------        -----------

         99.1           Press Release, dated July 7, 2003, by Wynn Resorts,
                        Limited.


<page>


                                  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:      July 7, 2003

                                          Wynn Resorts, Limited


                                          By: /s/ John Strzemp
                                             -----------------------------
                                             John Strzemp
                                             Executive Vice President and
                                             Chief Financial Officer


<page>


                                 EXHIBIT INDEX

 Exhibit
 Number           Description
 -------          -----------

   99.1           Press Release, dated July 7, 2003, by Wynn Resorts, Limited.
[{"type": "8-K", "sequence": "1", "filename": "la327367.txt", "description": "FORM 8-K", "secsgml_size_bytes": 5067}]
{"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": "03778724"}, "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"}}
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): July 7, 2003

                             Wynn Resorts, Limited
            (Exact Name of Registrant as Specified in its Charter)

            Nevada                      000-50028            46-0484987
(State or Other Jurisdiction of        (Commission         (I.R.S. Employer
      Incorporation)                   File Number)        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 July 7, 2003, the Registrant issued a press release, filed
herewith as Exhibit 99.1 and by this reference incorporated herein, announcing
that it had consummated a private offering of convertible subordinated
debentures due 2015.

         The offering was made only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as amended. The
Registrant contributed approximately $35 million of the net proceeds from the
offering to a subsidiary, which purchased U.S. government securities to secure
the payment of three years of scheduled interest payments as required by the
indenture governing the debentures. In addition, such subsidiary guaranteed
the debentures and the Registrant guaranteed the subsidiary's obligations
under the subsidiary's guarantee. The Registrant intends to use the remaining
net proceeds from the offering to help finance its Macau project and for
general corporate purposes.

         The debentures are the Registrant's subordinated unsecured (other
than with respect to three years of scheduled interest payments) obligations
and rank junior in right of payment to all existing and future senior
indebtedness of the Registrant, and equally with any existing and future
subordinated indebtedness. The Registrant will pay interest on the debentures
on January 15 and July 15 of each year, beginning January 15, 2004.

         Each $1,000 principal amount of the debentures is convertible at each
holder's option into 43.4782 shares of the Registrant's common stock (subject
to adjustment as provided in the indenture governing the debentures). The
conversion rate of the debentures is equivalent to a conversion price of
$23.00 per share of the Registrant's common stock.

         The Registrant may redeem some or all of the debentures for cash on
or after July 20, 2007 at prices specified in the Indenture. The holders
may require the Registrant to repurchase all or a portion of their debentures,
subject to certain exceptions, upon the occurrence of a change of control of
the Registrant. If any holder requires the Registrant to repurchase its
debentures, the Registrant may elect to pay the repurchase price in cash or
shares of its common stock or a combination of cash and shares of its common
stock.

         The Registrant has agreed to file a shelf registration statement with
respect to the resale of the debentures, the guarantees of the debentures and
the common stock issuable upon conversion of the debentures and to use
commercially reasonable efforts to cause the shelf registration statement to
become effective within 250 days after the original issuance of the
debentures.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (c) Exhibits:

         Exhibit
         Number         Description
         -------        -----------

         99.1           Press Release, dated July 7, 2003, by Wynn Resorts,
                        Limited.
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:      July 7, 2003

                                          Wynn Resorts, Limited

                                          By: /s/ John Strzemp
                                             -----------------------------
                                             John Strzemp
                                             Executive Vice President and
                                             Chief Financial Officer
EXHIBIT INDEX

 Exhibit
 Number           Description
 -------          -----------

   99.1           Press Release, dated July 7, 2003, by Wynn Resorts, Limited.