Wynn Resorts Reports Three Positive Developments for Shareholders

  Wynn Resorts Reports Three Positive Developments for Shareholders

Nevada Gaming Regulator Concludes Investigation of Okada’s Allegations Against
    Wynn Resorts Regarding University of Macau Donation; Finds Allegations
                                  Unfounded

  Federal Court Dismisses Shareholder Derivative Action Against Wynn Resorts
                          Based on Okada Allegations

    ISS Recommends Wynn Shareholders Vote to Remove Okada from Wynn Board

Business Wire

LAS VEGAS -- February 4, 2013

Wynn Resorts, Limited (Nasdaq: WYNN) today reported three positive recent
developments for the Company and its shareholders in combating the ongoing
smear campaign against Wynn Resorts by Kazuo Okada.

First, the Nevada Gaming Control Board has informed Wynn Resorts that it has
concluded its investigation of allegations made by Okada against Wynn Resorts
regarding an allegedly improper donation made to the University of Macau by
Wynn Macau Ltd., and determined that Okada’s allegations are unfounded.

Second, the United States District Court of Nevada granted Wynn Resorts’
motion to dismiss a shareholder derivative action against the Company and
members of its Board of Directors based on the Macau donation. The Court ruled
there was insufficient legal basis for the case to proceed.

Third, Institutional Shareholder Services Inc. (“ISS”), a leading proxy
advisory firm, has issued a report recommending that shareholders of Wynn
Resorts vote to remove Okada from the Board of Wynn Resorts at a special
meeting of shareholders to be held on February 22. Okada was previously deemed
unsuitable by the Wynn Resorts Board after a lengthy investigation by former
FBI Director Louis J. Freeh uncovered evidence of improper conduct by Okada
and affiliated entities in violation of anti-corruption laws in their dealings
with Philippine officials.

In its report, ISS concluded, “In light of the material risk that Okada's
directorship poses to the Company's ability to receive gaming licenses in new
jurisdictions and maintain its licenses for current ones, ISS recommends that
shareholders vote FOR the removal of Mr. Okada as a director of the Company.”

The Company stated, “We are deeply gratified that Nevada gaming regulators
have rejected Mr. Okada's baseless allegations against our Company, that a
federal court has dismissed the complaint against our Directors and that a
leading proxy advisory firm is recommending Mr. Okada's removal from our
Board. Mr. Okada is an unsuitable person, and we are seeking to remove him
from the Board of Directors of Wynn Resorts to protect the interests of the
Company and our shareholders. We are confident our shareholders understand the
importance of removing him on February 22.”

About Wynn Resorts

Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the
ticker symbol WYNN and is part of the S&P 500 and NASDAQ-100 Indexes.

Our Las Vegas operations (Wynn Las Vegas and Encore) feature two luxury hotel
towers with a total of 4,750 spacious hotel rooms, suites and villas, an
approximately 186,000 square feet of casino space, 32 food and beverage
outlets featuring signature chefs, an on-site 18-hole golf course, meeting
space, a Ferrari and Maserati dealership, approximately 94,000 square feet of
retail space as well as two showrooms; three nightclubs and a beach club.

Our Macau resort is a resort destination casino located in the Macau Special
Administrative Region of the People's Republic of China with two luxury hotel
towers (Wynn Macau and Encore) with a total of 1,008 spacious rooms and
suites, approximately 265,000 square feet of casino space, casual and fine
dining in eight restaurants, approximately 54,600 square feet of retail space,
recreation and leisure facilities, including two health clubs and spas, a
pool.

Additional Information and Where to Find It

Wynn Resorts has filed with the SEC a definitive proxy statement in connection
with the proposed removal of Mr. Okada from the board of directors of Wynn
Resorts. The definitive proxy statement was sent or given to Wynn Resorts’
stockholders and contains important information about the proposed removal of
Mr. Okada. SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT
CAREFULLY. The definitive proxy statement and any other documents filed by
Wynn Resorts with the SEC may be obtained free of charge at the SEC’s website,
at www.sec.gov. In addition, security holders may obtain free copies of the
definitive proxy statement from Wynn Resorts by contacting Investor Relations
by mail at Attention: Investor Relations, 3131 Las Vegas Boulevard South, Las
Vegas, Nevada 89109.

Participants in the Solicitation

Wynn Resorts and its directors, officers and employees may be deemed to be
participants in the solicitation of proxies from Wynn Resorts’ stockholders in
connection with the proposed removal of Mr. Okada from the board of directors
of Wynn Resorts. Information about Wynn Resorts’ directors and executive
officers is set forth in its proxy statement for its 2012 Annual Meeting of
Stockholders, which was filed with the SEC on September 20, 2012, and its
Annual Report on Form 10-K for the year ended December 31, 2011, filed on
February 29, 2012, as amended on April 30, 2012. These documents are available
free of charge at the SEC’s website at www.sec.gov, and by mail at Attention:
Investor Relations, 3131 Las Vegas Boulevard South, Las Vegas, Nevada 89109,
or by going to Wynn Resorts’ Investor Relations page on its corporate website
at www.wynnresorts.com. Additional information regarding the interests of
participants in the solicitation of proxies in connection with the transaction
is included in the proxy statement that Wynn Resorts filed with the SEC on
January 3, 2013.

Contact:

Investors:
Wynn Resorts
Samanta Stewart, 702-770-7555
investorrelations@wynnresorts.com
or
Media:
Sard Verbinnen & Co.
George Sard/Alexandra LaManna
212-687-8080