FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

EXHIBIT 10.83

FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT

          This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of December 11, 2002, by and between Wynn Resorts, Limited (“Employer”) and John Strzemp (“Employee”).  Capitalized terms that are not defined herein shall have the meanings ascribed to them in the Agreement (as defined below).

RECITALS

          WHEREAS, Employer and Employee have entered into that certain Employment Agreement, dated as of September 9, 2002 (the “Agreement”); and

          WHEREAS, the Agreement provides for Employer to pay Employee a Base Salary of Four Hundred Fifty Thousand Dollars ($459,000.00) until the expiration date of October 31, 2004, unless the Base Salary is increased at the discretion of Employer’s Board of Directors; and

          WHEREAS, Employer is willing and Employee desires to extend the Term of the Agreement on the terms and pursuant to the conditions set forth herein;

          NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in this Amendment, the parties hereto agree as follows:

          1.          Section 6 of the Agreement is hereby amended to read as follows:

          2.          Effective November 1, 2002, Subsection 8(a) of the Agreement is hereby amended to read as follows:

- 1 -

          3.          Other Provisions of Original Letter of Intent.  Notwithstanding any of the foregoing, the parties hereto acknowledge that the Agreement is being modified only as stated herein, and agree that nothing else in the Agreement shall be affected by this Amendment.  Specifically, nothing in this Amendment is intended to alter the vesting date of any restricted stock heretofore granted or promised to be granted by Employer to Employee.

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first written above.

- 2 -