On July 27, 2006, Wynn Resorts, Limited (the "Company") announced the
appointment of Jack B. Binion to serve as Chairman of Wynn International
Marketing, Ltd., with overall responsibility for all operational activities of
the Company's Wynn Macau resort. Mr. Binion has entered into an employment
agreement with a subsidiary of the Company, Worldwide Wynn, LLC (the
"Employer") that has a term of three years, unless sooner terminated as a
result of his death or upon written notice from the Employer to Mr. Binion, or
from Mr. Binion to the Employer, for any reason.

The agreement provides for a base salary of $1,500,000 per year and eligibility
for an annual bonus. In addition, the agreement provides that Mr. Binion be
awarded 500,000 restricted shares of common stock of the Company, 50% of which
will vest on the second anniversary of the effective date of the agreement, and
the remainder will vest on a pro rata basis each month thereafter until the
third anniversary of the effective date.

A copy of Mr. Binion's employment agreement is filed as Exhibit 10.1 hereto and
is incorporated herein by reference.

On July 27, 2006, the Company issued a press release announcing the appointment
of Mr. Binion. The press release is filed herewith as Exhibit 99.1 and
incorporated herein by reference.