WYNN Las Vegas S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

Wynn Las Vegas, LLC

Calculation of Ratio of Earnings to Fixed Charges

	Year ended December 31,
	2009			2008			2007		2006		2005
Add:
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees.	$	(309,443	)	$	(130,060	)	$	123,423	$	8,399	$	(45,884	)
Fixed charges		159,359			158,499			121,143		127,309		125,608
Amortization of capitalized interest		24,131			13,908			13,908		13,908		9,272
Distributed income of equity investees		368			788			1,227		250		—
Subtract:
Interest capitalized		—			80,398			33,592		7,690		36,769
Total Earnings	$	(125,585	)	$	(37,263	)	$	226,109	$	142,176	$	52,227
Interest expensed	$	157,228		$	75,855		$	86,090	$	117,787	$	86,746
Interest capitalized		—			80,398			33,592		7,690		36,769
Interest in rental expense		2,131			2,246			1,461		1,832		2,093
Total Fixed Charges	$	159,359		$	158,499		$	121,143	$	127,309	$	125,608
Earnings to Fixed Charges		—			—			1.87x		1.12x		—
Deficiency Amount	$	(284,944	)	$	(195,762	)		—		—	$	(73,381	)