WYNN RESORTS LTD — Director's Dealing 2010

Aug 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WYNN RESORTS LTD (WYNN)
CIK: 0001174922
Period of Report: 2010-08-06

Reporting Person: SCHORR MARC D (Director, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-06	Common Stock, par value $0.01	M	50000	$15.40	Acquired	300000	Direct
2010-08-06	Common Stock, par value $0.01	M	50000	$47.12	Acquired	350000	Direct
2010-08-06	Common Stock, par value $0.01	S	100000	$89.0742	Disposed	250000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-06	Stock Options (right to buy)	$15.40	M	50000	Disposed	2013-03-25	Common Stock, par value $0.01 (50000)	Direct
2010-08-06	Stock Options (right to buy)	$47.12	M	50000	Disposed	2019-05-06	Common Stock, par value $0.01 (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01	15800	Indirect

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $89.00 and $89.21. The reporting person, upon request by the staff of the SEC, Wynn Resorts, Limited or any security holder of Wynn Resorts, Limited, undertakes to provide further information regarding the number of securities sold at each separate price.

F2: The original grant of 200,000 options vested in four equal installments on March 25, 2004; March 25, 2005; March 25, 2006; and March 25, 2007.

F3: The original grant of 500,000 options vest 10% per year on each anniversary of the date of grant (May 6, 2009); provided, that if the reporting person ceases to be an employee of the Company, any options that are unvested at such time will be forfeited.