On June 21, 2007 (the “Closing Date”), Wynn Resorts, Limited (the “Company”), entered into a new Credit Facility (the “Credit Facility”) with Deutsche Bank Securities Inc., and Banc of America Securities LLC as joint lead arrangers, the lenders party thereto, Deutsche Bank Trust Company Americas (“Deutsche Bank”), as administrative agent and Bank of America, N.A., as syndication agent.

Borrowings under the Credit Facility are available in the form of a delayed-draw term loan facility available from the Closing Date through December 31, 2007 (the “Commitment Termination Date”) in an aggregate principal amount of $1.0 billion, with the option to increase the Credit Facility to $1.25 billion if willing lenders are identified and certain conditions are met. Loans under the Credit Facility will mature and be payable on June 21, 2010. The Company may use up to $150.0 million of the Credit Facility for swing line borrowings.

Proceeds of the loans are available to fund the Company’s equity repurchase program announced on June 7, 2007 and to pay fees and expenses in connection with the Credit Facility. In addition, up to $350.0 million of the loan proceeds may be used for general corporate purposes.

Just imagine how many one of a kind chips WE could buy with that kind of dough!!!!!