FORM 4

FORM 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940
 
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response...0.5
 

[     ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See instruction 1(b).

(Print or Type Reponses)

1. Name and Address of Reporting Person*

          Shoemaker                       Alvin                         V.
2. Issuer Name and Ticker or Trading Symbol

Wynn Resorts, Limited (WYNN)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

[ X ] Director                          [    ] 10% Owner

[    ] Officer (give title below)    [    ] Other (specify below)


_______________________________________________


          (Last)                         (First)                         (Middle)


    c/o Wynn Resorts, Limited, 3145 Las Vegas Boulevard South
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)

4. Statement for Month/Day/Year

March 12, 2003
(Street)

Las Vegas                 Nevada                       89109
5. If Amendment, Date of Original (Month/Day/Year)

7. Individual or Joint/Group Filing
(Check Applicable Line)

[ X ] Form filed by One Reporting Person

[    ] Form filed by More than One Reporting Person

          (City)                         (State)                         (Zip)

Table I—Non–Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)
2. Transaction Date
(Month/Day/Year)
2A. Deemed Execution Date, if any
(Month/Day/Year)
3. Transaction Code
(Instr. 8)
4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transactions
(s)

(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A)
or
(D)
Price
 Common Stock, par value $.01   March 12, 2003     P     5,000   (A)   $14.00   $5,000   (D)  
                     
                     
                     
                     
                     
                     
                     

Table II—Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security

3. Transaction Date
(Month/Day/Year)
3A. Deemed Execution Date, If any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative
Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

6. Date Exercisable
and Expiration Date
(Month/Day/Year)
7. Title and Amount
of Underlying
Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Securities: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title Expiration
Date
                               
                               
                               
                               
                               
                               
                               
                               

Explanation of Responses:


  /s/ Alvin V. Shoemaker
————————————————————
**Signature of Reporting Person
  March 21, 2003
——————————————
Date
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, See Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.