Steve is at it again, he is doing well, changes in the finances to comply with the SEC indicates strength!

On May 5, 2008, two of Wynn Resorts, Limited’s wholly owned subsidiaries, Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. (together, the “Issuers”), completed their offer to exchange up to $400 million of their outstanding 6 5 / 8 % First Mortgage Notes issued on November 6, 2007 due 2014 (the “Original Notes”) for 6 5 / 8 % First Mortgage Notes due 2014 that have been registered under the Securities Act of 1933, as amended (the “New Notes”). The exchange offer was made in order to satisfy certain obligations of the Issuers contained in a Registration Rights Agreement, dated November 6, 2007.

The exchange offer expired at 5:00 p.m., New York City time, on April 29, 2008. All $400 million in aggregate principal amount of the Original Notes were exchanged. The New Notes are substantially identical to the Original Notes, except that the New Notes have been registered under the Securities Act of 1933, as amended, and, as a result, the transfer restrictions and registration rights provisions applicable to the Original Notes do not apply to the New Notes.