Wynn Las Vegas amends loan to change capital expenditure limits

By Sara Rosenberg

New York, April 27 - Wynn Las Vegas LLC amended its credit facility, increasing the limits on expenditures for project costs for the Encore at Wynn Las Vegas to $1.4 billion from $950 million and increasing, under certain circumstances, the capital expenditures limit to $160 million from $120 million in 2008 and thereafter, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Furthermore, the deadline for the opening of Encore was extended to Sept. 30, 2008 and completion of Encore was extended to Dec. 31, 2008.

The Las Vegas casino company's amendment was completed on Tuesday.

Deutsche Bank is the administrative agent on the deal.

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