Kazuo Okada Resigns from Wynn Resorts Board of Directors

  Kazuo Okada Resigns from Wynn Resorts Board of Directors

Business Wire

LAS VEGAS -- February 21, 2013

Wynn Resorts, Limited (Nasdaq: WYNN) today announced that Kazuo Okada has
resigned from its Board of Directors. As a result, the Wynn Board will be
reduced to eight directors, including six independent directors.

The company will hold its Special Meeting as planned tomorrow at which
stockholders are voting on a proposal to remove Mr. Okada from the Board of
Directors. Preliminary results received to date show that 99.7% of the shares
voted have voted for Mr. Okada’s removal.

Mr. Okada was deemed unsuitable by the Wynn Resorts Board after a lengthy
investigation by former FBI Director Louis J. Freeh uncovered evidence of
improper conduct by Mr. Okada and affiliated entities under the Foreign
Corrupt Practices Act in connection with their dealings with Philippine

Stephen A. Wynn, Chairman and Chief Executive Officer of Wynn Resorts, said,
“We greatly appreciate the overwhelming support from our stockholders for this
important action to protect the Company’s business and the interests of
stockholders. The preliminary vote count clearly illustrates that our
stockholders understand that removing an unsuitable person from the Board is
vital to the continuing success of the Company as we pursue a growth strategy
to expand into new jurisdictions. This is a time of tremendous opportunity for
Wynn Resorts, and we are extremely confident in our future prospects.”

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, an 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


Wynn Resorts
Samanta Stewart, 702-770-7555
Sard Verbinnen & Co.
George Sard/Alexandra LaManna
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