Wynn Las Vegas, Wynn Las Vegas Capital Extend Exchange Offer

23 Jun 2005

LAS VEGAS -- (PRESS RELEASE) -- Wynn Resorts, Limited (Nasdaq: WYNN) announced today that two of its wholly owned subsidiaries, Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. (together, the "Issuers"), have extended their offer to exchange up to $1.3 billion of their outstanding 6-5/8% First Mortgage Notes due 2014 for 6-5/8% First Mortgage Notes due 2014 that have been registered under the Securities Act of 1933, as amended (the "Exchange Offer").

The Exchange Offer, previously scheduled to expire on June 22, 2005 at 5:00 p.m., New York City time, will now expire on June 29, 2005, at 5:00 p.m., New York City time, unless further extended by the Company.

All other terms and conditions of the Exchange Offer will remain in full force and effect. The terms and conditions of the Exchange Offer are set forth in a prospectus dated May 24, 2005. Copies of the prospectus and related letter of transmittal may be obtained from the exchange agent, U.S. Bank National Association, Exchange Agent, 60 Livingston Avenue, St. Paul, Minnesota 55107, Attention: Specialized Finance Dept. or (800) 934-6802.

The new notes are substantially identical to the notes for which they are being exchanged, except that the new notes will be 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 will not apply to the new notes.

As of 5:00 p.m., New York City time, on June 22, 2005, $1,298,850,000 million in aggregate principal amount of the 6-5/8% First Mortgage Notes due 2014 had been tendered in the Exchange Offer. This amount represents approximately 99.91% of the outstanding 6-5/8% First Mortgage Notes due 2014.

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	Wynn Las Vegas, Wynn Las Vegas Capital Extend Exchange Offer 23 Jun 2005 LAS VEGAS -- (PRESS RELEASE) -- Wynn Resorts, Limited (Nasdaq: WYNN) announced today that two of its wholly owned subsidiaries, Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. (together, the "Issuers"), have extended their offer to exchange up to $1.3 billion of their outstanding 6-5/8% First Mortgage Notes due 2014 for 6-5/8% First Mortgage Notes due 2014 that have been registered under the Securities Act of 1933, as amended (the "Exchange Offer"). The Exchange Offer, previously scheduled to expire on June 22, 2005 at 5:00 p.m., New York City time, will now expire on June 29, 2005, at 5:00 p.m., New York City time, unless further extended by the Company. All other terms and conditions of the Exchange Offer will remain in full force and effect. The terms and conditions of the Exchange Offer are set forth in a prospectus dated May 24, 2005. Copies of the prospectus and related letter of transmittal may be obtained from the exchange agent, U.S. Bank National Association, Exchange Agent, 60 Livingston Avenue, St. Paul, Minnesota 55107, Attention: Specialized Finance Dept. or (800) 934-6802. The new notes are substantially identical to the notes for which they are being exchanged, except that the new notes will be 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 will not apply to the new notes. As of 5:00 p.m., New York City time, on June 22, 2005, $1,298,850,000 million in aggregate principal amount of the 6-5/8% First Mortgage Notes due 2014 had been tendered in the Exchange Offer. This amount represents approximately 99.91% of the outstanding 6-5/8% First Mortgage Notes due 2014.