Leveraging Off the Wynn Brand

Steve Wynn has consistently raised the bar in Las Vegas

1989

1990

1998

1999

Q1 2004

2005

Caesars

1989 EBITDA -US$100 million

The Mirage

1998 EBITDA -US$176 million

The Bellagio

LTM 04 EBITDA – US$322.6 million

The Mirage

1990 EBITDA -US$188 million

The Bellagio

1999 EBITDA -US$260 million

Wynn Las Vegas