Press Release

LAS VEGAS--(BUSINESS WIRE)--Feb. 10, 2015-- Wynn Resorts, Limited (NASDAQ:WYNN) announced today that its indirect wholly owned subsidiary, Wynn Las Vegas, LLC, has commenced a cash tender offer (the “Tender Offer”) for any and all its outstanding $1,226.6 million aggregate principal amount of 7¾% First Mortgage Notes due 2020 (the “7¾% Notes “) and any and all of its outstanding $377.01 million aggregate principal amount of 7⅞% First Mortgage Notes due 2020 (the “7⅞% Notes” and, together with the 7¾% Notes, the “2020 Notes”).

The Tender Offer is scheduled to expire at midnight, New York City time, in the evening of February 17, 2015 unless extended or earlier terminated (such time, as may be extended, the “Expiration Time”). Holders who validly tender their 2020 Notes prior to the Expiration Time will be eligible to receive $1,073.82 for each $1,000 principal amount of 7¾% Notes and $1,054.21 for each $1,000 principal amount of 7⅞% Notes.

Tendered 2020 Notes may not be withdrawn, except as may be required by applicable law. Completion of the Tender Offer is subject to certain market and other conditions, including the completion by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corporation (the “issuers”) of an offering of senior notes on terms and conditions satisfactory to the issuers. Settlement of the Tender Offer will occur promptly after the Expiration Time, unless terminated.

This press release shall not constitute an offer to purchase or the solicitation of an offer to sell the 2020 Notes. The complete terms and conditions of the Tender Offer are described in the Offer to Purchase dated as of February 10, 2015, the related Letter of Transmittal and a Notice of Guaranteed Delivery, copies of which may be obtained from D.F. King & Co., Inc., the tender and information agent for the Tender Offer, at http://www.dfking.com/wynn, by telephone at (800) 591-8236 (U.S. toll free) and (212) 269-5550 (banks and brokers) or in writing at D.F. King & Co., Inc., 48 Wall Street, 22nd Floor, New York, NY 10005, Attention: Krystal Scrudato.

Wynn Las Vegas, LLC has engaged Deutsche Bank Securities Inc. to act as the dealer manager in connection with the Tender Offer. Questions regarding the terms of the Tender Offer may be directed to Deutsche Bank Securities Inc. by telephone at (855) 287-1922 (U.S. toll-free) and (212) 250-7525 (collect).

Forward-Looking Statements

This release contains forward-looking statements, including those related to the tender for 2020 Notes and whether or not Wynn Las Vegas, LLC will consummate the tender offer. Forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements. These risks and uncertainties include, but are not limited to, competition in the casino/hotel and resorts industries, the issuers’ dependence on existing management, levels of travel, leisure and casino spending, general domestic or international economic conditions, and changes in gaming laws or regulations. Additional information concerning potential factors that could affect the issuers’ financial results is included in Wynn Las Vegas, LLC’s Annual Report on Form 10-K for the year ended December 31, 2013 and Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2014, June 30, 2014 and September 30, 2014 and Wynn Las Vegas, LLC’s and Wynn Resorts, Limited’s periodic reports filed with the Securities and Exchange Commission. Neither Wynn Resorts, Limited nor Wynn Las Vegas, LLC are under any obligation to (and expressly disclaim any such obligation to) update their forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Source: Wynn Resorts, Limited

Wynn Resorts, Limited
Stephen Cootey, Chief Financial Officer & Treasurer
702-770-7000
investorrelations@wynnresorts.com