Wynn Resorts Announces Pricing Of Private Offering Of $1.8B Principal Amount Of 5.5% Sr.

Wynn Resorts, Limited (NASDAQ: WYNN) announced today the pricing by Wynn LasVegas, LLC and Wynn Las Vegas Capital Corp. (the "issuers"), each an indirectwholly-owned subsidiary of Wynn Resorts, Limited, of $1.8 billion aggregateprincipal amount of 5.5% Senior Notes due 2025 (the "Notes"). The Notes willbe issued at par. Wynn Las Vegas, LLC plans to use the net proceeds from theoffering to purchase any and all of the issuers' outstanding $1,226.6 millionaggregate principal amount of 7¾% First Mortgage Notes due 2020 (the "7¾%Notes") and any and all of the issuers' outstanding $377.01 million aggregateprincipal amount of 7⅞% First Mortgage Notes due 2020 (the "7⅞% Notes" and,together with the 7¾% Notes, the "2020 Notes") pursuant to the previouslyannounced cash tender offer with respect to the 2020 Notes. In addition, WynnLas Vegas, LLC intends to satisfy and discharge the indentures governing eachof the 7¾% Notes and 7⅞% Notes and use any remaining net proceeds from theoffering to redeem any 7¾% Notes and 7⅞% Notes not tendered and for generalcorporate purposes.The issuers will make the offering pursuant to an exemption under theSecurities Act of 1933, as amended (the "Securities Act"). The initialpurchasers of the Notes will offer the Notes only to persons reasonablybelieved to be qualified institutional buyers in reliance on Rule 144A underthe Securities Act or outside the United States to certain persons in relianceon Regulation S under the Securities Act. The Notes have not been and will notbe registered under the Securities Act or under any state securities laws.Therefore, the issuers may not offer or sell the Notes within the UnitedStates to, or for the account or benefit of, any United States person unlessthe offer or sale would qualify for a registration exemption from theSecurities Act and applicable state securities laws.This press release does not constitute an offer to sell or a solicitation ofan offer to buy the Notes described in this press release, nor shall there beany sale of the Notes in any state or jurisdiction in which such an offer,sale or solicitation would be unlawful prior to registration or qualificationunder the securities laws of any such jurisdiction.