On May 31, 2006, Wynn Las Vegas, LLC ("WLV"), a wholly owned subsidiary of Wynn
Resorts, Limited, entered into an agreement (the "Agreement") with Lupa
International Inc. ("Lupa"), Productions du Dragon, S.A. ("Dragon") and Franco
Dragone which intervened Calitri Services and Licensing Limited Company
("Calitri"), to acquire substantially all rights owned by such parties in "Le
Reve," the water-based live theatrical attraction currently presented at Wynn
Las Vegas (the "Show"). Under the Agreement, WLV shall make a cash payment in
the amount of $15,871,952 to Lupa (which acquired rights in the Show from
Calitri), in exchange for substantially all rights in and to the Show and to
repay certain unreimbursed excess production costs.
I wonder why?
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