UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
_____________________
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 15, 2004
WYNN RESORTS, LIMITED
(Exact Name of Registrant as Specified in its Charter)
NEVADA 000-50028 46-0484987
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
3131 LAS VEGAS BOULEVARD SOUTH
LAS VEGAS, NEVADA 89109
(Address of Principal Executive Offices) (Zip Code)
(702) 770-7555
(Registrant's telephone number, including area code)
Item 5. Other Events.
As previously disclosed, Valvino Lamore, LLC, a subsidiary of the Registrant
("Valvino"), has been involved in litigation related to its ownership and
development of the former Desert Inn golf course and the residential lots
around the golf course. Based on the February 23, 2004 settlement reached with
the plaintiffs, all actions relating to the litigation were dismissed with
prejudice on or prior to April 15, 2004. As part of the settlement, the
Registrant purchased the ten remaining residential lots which Valvino had not
previously purchased, for $23 million from its existing cash.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: April 20, 2004
Wynn Resorts, Limited
By: /s/John Strzemp
-----------------------------
John Strzemp
Executive Vice President and
Chief Financial Officer