TRADEMARK ASSIGNMENT

Exhibit 10.5

TRADEMARK ASSIGNMENT

This Trademark Assignment (“Assignment”) is made and entered into this 6th day of August, 2004 (“Effective Date”), by and between XXXXXXX X. XXXX, an individual (hereinafter “Wynn”) and XXXX RESORTS HOLDINGS, LLC, a Nevada limited liability company, with offices at 0000 Xxx Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxxx, Xxxxxx (“Holdings”).

R E C I T A L S

X. Xxxx and Holdings are entering into a Surname Rights Agreement, dated the date hereof (the “Surname Rights Agreement”), which Surname Rights Agreement addresses the use and registration of the XXXX Xxxx in connection with Resorts (each, as defined in the Surname Rights Agreement).

B. Pursuant to the Surname Rights Agreement, Xxxx has agreed to assign, and Holdings has agreed to acquire, all right, title, and interest that Wynn possesses worldwide in the XXXX Xxxx in connection with Resorts.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Wynn hereby transfers, assigns, conveys, delivers, and sets over to Holdings all of Xxxx’x right, title, and interest worldwide in and to the XXXX Xxxx in association with Resorts, all goodwill associated therewith, and all causes of action (either in law or equity), and the right to xxx, counterclaim, and recover for past, present, and future infringement, dilution, or misappropriation of the Xxxx Xxxx in connection with Resorts, and all rights corresponding thereto throughout the world. Wynn further agrees to cause to be performed such lawful acts and to execute such further assignments and other documents as Holdings may request to effectuate fully this Assignment and to enable this Assignment to be recorded in any and all jurisdictions throughout the world.

In Witness Whereof, the parties have caused this Assignment to be duly executed as of the Effective Date.

XXXX:						HOLDINGS:
						WYNN RESORT HOLDINGS, LLC
/s/    XXXXXXX X. XXXX						By XXXXXXX XXXXXX, LLC,
Xxxxxxx X. Xxxx						Its Sole Member
						By WYNN RESORTS, LIMITED
						Its Sole Member
						By		/s/    XXXX XXXXXX
						Its		C.O.O.