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): March 4, 2006

                             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 of each registrant)      (Zip Code)

                                (702) 770-7555
             (Registrant's telephone number, including area code)

                                Not Applicable
         (Former name or former address, if changed since last report)

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

[_]   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 1.01.        Entry into a Material Definitive Agreement.

          On March 4, 2006, Wynn Resorts, Limited and Wynn Resorts (Macau),
S.A. entered into an agreement with Publishing and Broadcasting Limited
("PBL") to sell to PBL a subconcession in the Macau Special Administrative
Region ("SAR") of the People's Republic of China for $900 million. The
subconcession will allow PBL to own and operate hotel casino resorts in the
Macau SAR. The transaction is subject to the approval of the Macau government.


         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:    March 8, 2006

                                            Wynn Resorts, Limited

                                            By: /s/ John Strzemp
                                                John Strzemp
                                                Chief Financial Officer