Wynn Resorts Limited Announces Sale of Subconcession for $900 million to
Publishing and Broadcasting Limited

LAS VEGAS--(BUSINESS WIRE)--March 5, 2006--Wynn Resorts, Limited (Nasdaq: WYNN)
announced today that Publishing and Broadcasting Limited (ASX: PBL) has signed
an agreement to purchase a subconcession from Wynn Resorts in the Macau Special
Administrative Region of the People's Republic of China for $900 million. The
subconcession will allow PBL to own and operate hotel casino resorts in Macau
SAR. This transaction is subject to Macau government approval.

"Because of our current focus in Macau, our Board of Directors decided that any
decision we make must enhance the vitality and future of Macau," said Steve
Wynn, Chairman and CEO of Wynn Resorts. "Making it possible for PBL to enter
was a positive and dynamic step toward upgrading and expanding the quality of
investment in Macau. What's good for Macau is good for Wynn Resorts. This
transaction was appealing from a financial perspective and most importantly
sets the stage for other activities done in conjunction with PBL in Asia and
around the world."

"Macau remains one of the most dynamic gaming markets in the world and a
subconcession allows PBL to actively participate in the extraordinary growth of
the Macau market," said James Packer, Executive Chairman of PBL. "Our company
has a long-standing relationship with Steve Wynn and this transaction will
hopefully be the first of many. I value the relationship enormously."

Wynn Resorts, Limited is traded on the Nasdaq National Market under the ticker
symbol WYNN and is part of the NASDAQ-100 Index. The company owns and operates
Wynn Las Vegas (www.wynnlasvegas.com), a luxury hotel and destination casino
resort located on the Las Vegas Strip which opened to the public on April 28,
2005. Wynn Las Vegas features 2,716 luxurious guest rooms and suites; an
approximately 111,000 square foot casino; 22 food and beverage outlets; an
on-site 18-hole golf course; approximately 223,000 square feet of meeting
space; an on-site Ferrari and Maserati dealership; and approximately 76,000
square feet of retail space. Wynn Resorts, Limited is currently constructing
Wynn Macau, a destination casino resort in the Macau Special Administrative
Region of the People's Republic of China. Wynn Macau is scheduled to open
September 5, 2006

PBL is one of Australia's largest diversified media and entertainment groups.
Its market capitalization of more than $11 billion places it among the top 25
companies listed on the Australian Stock Exchange. The group's core businesses
are gaming and entertainment; television production and broadcasting; magazine
publishing and distribution; and strategic investment in key digital media and
entertainment businesses. PBL owns and operates two of Australia's leading
gaming and entertainment complexes, Crown in Melbourne and Burswood in Perth.
It also owns the highest rating free-to-air television network, the Nine
Network, and the largest magazine publisher, ACP Magazines.

SOURCE: Wynn Resorts, Limited
CONTACT: Samanta Stewart, 702-770-7555