UNITED STATES
                             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 14, 2004

                             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)                    (Zip Code)

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


Item 5.  Other Events and Required FD Disclosure.

On June 14, 2004, pursuant to the indenture (the "Indenture") governing the 12%
Second Mortgage Notes due 2010 (the "Notes") of Wynn Las Vegas, LLC and Wynn
Las Vegas Capital Corp. (collectively, the "Issuers"), the Issuers redeemed
$122,420,000 of the $370,000,000 in aggregate principal amount of Notes
outstanding immediately prior to the redemption. The redemption was funded with
a portion of the approximately $267,900,000 of net proceeds received in the
Registrant's offering of 7,000,000 shares of common stock that was completed on
May 12, 2004.

The total amount of Notes redeemed included $8,981,000 aggregate principal
amount of Notes held by certain directors, officers and affiliates of the
Registrant. Prior to the redemption, these directors, officers and affiliates
held $27,178,000 in aggregate principal amount of the Notes. As previously
disclosed, the Notes that were redeemed were selected on the basis of the
standard procedures of the Depository Trust Company.


         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 22, 2004

                                   Wynn Resorts, Limited

                                   By: /s/ John Strzemp
                                       John Strzemp
                                       Executive Vice President and
                                       Chief Financial Officer