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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): November 8, 2004
Wynn Resorts, Limited
(Exact Name of Registrant as Specified in its Charter)
Nevada 000-50028 46-0484987
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) 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)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|_| Written communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencements communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
The Registrant announced today its intended expansion of its Wynn Las
Vegas project on 20 acres of land adjacent to the existing site. The new
development, tentatively named "Encore at Wynn Las Vegas," may include an
approximately 1,500 suite hotel tower, additional casino space and additional
restaurants, a spa and swimming pools, and retail and convention space designed
to capitalize on the significant infrastructure of Wynn Las Vegas, which is
scheduled to open on April 28, 2005. While the plans for the expansion have not
been finalized, Encore at Wynn Las Vegas is expected to cost approximately
$900.0 million. The Registrant expects that funding for Encore at Wynn Las
Vegas will be provided by new debt or equity financing to be obtained by its
indirect wholly owned subsidiary, Wynn Las Vegas, LLC. Encore at Wynn Las Vegas
would be expected to open in 2007. The Registrant's press release, dated
November 8, 2004, relating to Encore at Wynn Las Vegas, is filed herewith as
Exhibit 99.1 and incorporated herein by reference.
This current report on Form 8-K contains "forward-looking statements" within
the meaning of the federal securities laws. The forward-looking statements in
this report involve risks and uncertainties which could cause actual results to
differ from those expressed in or implied by the statements herein. Additional
information concerning potential factors that could affect the company's future
results is included under the caption "Risk Factors" in Item 1 of the
Registrant's annual report on Form 10-K for the year ended December 31, 2003.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits:
Exhibit
Number Description
-------- -----------
99.1 Press Release, dated November 8, 2004, of
Wynn Resorts, Limited.
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: November 8, 2004
Wynn Resorts, Limited
By: /s/ John Strzemp
-----------------------------
John Strzemp
Executive Vice President and
Chief Financial Officer
WYNN RESORTS ANNOUNCES EXPANSION OF WYNN LAS VEGAS
LAS VEGAS, NEVADA (November 8, 2004) - Wynn Resorts, Limited
(Nasdaq:WYNN) announced today its intended expansion of its Wynn Las Vegas
project on 20 acres of land adjacent to the existing site. The new development,
tentatively named "Encore at Wynn Las Vegas," may include an approximately
1,500 suite hotel tower, additional casino space and additional restaurants, a
spa and swimming pools, and retail and convention space designed to capitalize
on the significant infrastructure of Wynn Las Vegas, which is scheduled to open
on April 28, 2005. While the plans for the expansion have not been finalized,
Encore at Wynn Las Vegas is expected to cost approximately $900.0 million. Wynn
Resorts expects that funding for Encore at Wynn Las Vegas will be provided by
new debt or equity financing to be obtained by Wynn Las Vegas, LLC. Encore at
Wynn Las Vegas would be expected to open in 2007.
Wynn Resorts is constructing, and will own and operate, the Wynn Las
Vegas hotel and casino resort. The new casino resort has been designed to be
the pre-eminent luxury hotel and destination casino resort on the Las Vegas
Strip. Wynn Las Vegas is the concept of Stephen A. Wynn, the Chairman of the
Board and Chief Executive Officer of Wynn Resorts, Limited.
This press release contains "forward-looking statements" within the
meaning of the federal securities laws. The forward-looking statements in this
press release involve risks and uncertainties which could cause actual results
to differ from those expressed in or implied by the statements herein.
Additional information concerning potential factors that could affect the
company's future results is included under the caption "Risk Factors" in Item 1
of Wynn Resorts' annual report on Form 10-K for the year ended December 31,
2003.
SOURCE: Wynn Resorts, Limited
CONTACT:
Wynn Resorts, Limited
Samanta Stewart, 702-770-7555
investorrelations@wynnresorts.com