风险因素发售涉及若干风险

24(1)(2)(3)WRMWRM200981.25%WRM25WRM200620081231200963024.022.365.720071231200426200963030WRM19200240WRMMelcoCrownEntertainmentLimitedMelcoCrown200920102009200941WRMWRM272008200920092009514499200858757012.4%20085Encore200620072008200954.5%55.1%50.6%49.4%492003200852008572008920095282009200811.711.4%10.4H1N120096H1N1H1N1H1N1H1N120042004H1N1H1N1H1N12003Mr.StephenA.WynnMr.StephenA.Wynn29WRM20077Mr.WynnMr.WynnWynnResorts,LimitedWynnResorts,LimitedEncoreEncore20069EncoreWRM200963030WRMWRMWynnResorts,LimitedWRLGroupWynnWynnWynnLasVegasMr.StephenA.WynnWynnLasVegasTheMirageTreasureIslandBellagioWynnLasVegasWynnLasVegasWynnWynnLasVegasWynnLasVegasWynnLasVegasWRLGroup31EncoreEncoreEncore50.374EncoreEncoreEncore2010EncoreEncoreEncoreEncore322008WRMWRMWynnResorts,LimitedFCPAFCPAWRM2008WRM2009933WRM200963042.82375.919Encore34WRM12%35%WRM4%WRM200696201120096WRM7.27.0200620112011WRM12%WRMWRMWRMWRMWRMWRMWRM12%WRM7.27.020112001911WynnResorts,Limited83510PaloRealEstateCompanyLimited251020491219PaloRealEstateCompanyLimitedPaloRealEstateCompanyLimitedWRLGroupWYNNWynnWynnResorts,LimitedWynnResortsHoldings,LLCWynnResorts,LimitedWYNNWYNNWRMWYNNWRMWRLGroupWYNNWynnResorts,LimitedWRM50%WRLGroupWYNNWYNNWYNN36WynnResortsHoldings,LLCPTOWYNNENCOREWYNNWynnResortsHoldings,LLCWYNNPTOENCOREWYNNWYNNWYNNWynnResorts,LimitedWynnResortsHoldings,LLCWRLGroupWRLGroupWRLGroupWRLGroupWRLGroup20069WRMWRM20226WRMWRM37WRMWRM15WRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRMWRM38WRMWynnResorts,LimitedWRMWRMWRM39WynnResorts,Limited75%WynnResorts,LimitedWynnResorts,LimitedWynnResortsLimitedWynnResorts,LimitedMr.WynnAruzeUSA,Inc.WynnResorts,Limited18%19.9%Mr.WynnAruzeUSA,Inc.BaronAssetFundWynnResorts,LimitedMr.WynnMr.WynnWynnResorts,LimitedMr.WynnAruzeUSA,Inc.WynnResorts,LimitedBaronAssetFundBAMCO,Inc.BaronAssetFundWynnResorts,Limited4.7%Mr.WynnAruzeUSA,Inc.WynnResorts,Limited2003311(i)40(ii)8.04WynnResorts,LimitedWynnResorts,LimitedWynnResorts,Limited4120099144.50200991542