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): June 1, 2006

                              WYNN RESORTS, LIMITED
             (Exact name of registrant as specified in its charter)

            Nevada                        000-50028              46-0484987
(State or other jurisdiction of    (Commission File Number)  (I.R.S. Employer
        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.

Wynn Resorts, Limited (the "Registrant"), its subsidiary, Wynn Resorts (Macau)
SA, and Publishing and Broadcasting, Ltd. ("PBL") have entered into a First
Amendment to Agreement, dated as of June 1, 2006 (the "First Amendment"), which
amends the Agreement, dated as of March 4, 2006 (the "Agreement"), among the
Registrant, Wynn Macau and PBL. Under the Agreement, the Registrant has agreed
to sell PBL a subconcession in the Macau Special Administrative Region (the
"Macau SAR") of the People's Republic of China, which will allow PBL to conduct
games of chance in the Macau SAR. The First Amendment effects certain changes to
the Agreement requested by the Government of Macau, including the removal of the
Registrant as a party to the Agreement. Notwithstanding its removal as a party,
the Registrant has agreed separately with PBL to perform its obligations under
the Agreement (as in effect prior to the First Amendment). The First Amendment
is included as Exhibit 10.1 to this report.

Item 9.01.        Financial Statements and Exhibits.

(c)      Exhibits

         Exhibit Number          Description
         ---------------------   ----------------------------------------------

         10.1                    First Amendment to Agreement, dated as of June
                                 1, 2006, by and among Wynn Resorts, Limited,
                                 Wynn Resorts (Macau) SA and Publishing and
                                 Broadcasting, Ltd.


         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:  June 5, 2006

                                              Wynn Resorts, Limited

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