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                                                                  EXHIBIT 10.06

                             AMENDMENT OF AGREEMENTS

           This AMENDMENT OF AGREEMENTS (this "AMENDMENT") is effective as of
the 27 day of July, 2000 by and among ALADDIN GAMING, LLC, a Nevada
limited-liability company (the "BORROWER"), the various financial institutions
as are or may become parties hereto (collectively, the "LENDER"), THE BANK OF
NOVA SCOTIA, as administrative agent (together with any successor thereto in
such capacity, the ("ADMINISTRATIVE AGENT") for the Lenders.

                              W I T N E S S E T H:

           WHEREAS, the Borrower, the Lenders, the Administrative Agent, the
Syndication Agent and the Documentation Agent have heretofore entered into (w)
that certain Credit Agreement (the "CA") dated as of February 26, 1998, (x) that
certain First Amendment to Credit Agreement (the "FIRST AMENDMENT TO CREDIT
AGREEMENT") dated as of January 29, 1999, (y) that certain Second Amendment to
Credit Agreement (the "SECOND AMENDMENT TO CREDIT AGREEMENT") dated as of April
5, 1999, effective as of March 10, 1999 and (z) that certain Third Amendment to
Credit Agreement (the "THIRD AMENDMENT TO CREDIT AGREEMENT") dated as of June 2,
2000 (the CA, as amended by the First Amendment to Credit Agreement, the Second
Amendment to Credit Agreement and the Third Amendment to Credit Agreement shall
be referred to herein as the "CREDIT AGREEMENT");

           WHEREAS, the Borrower has requested the Lenders to enter into the
Fourth Amendment to Credit Agreement, dated as of July 27, 2000 (the "FOURTH
AMENDMENT TO CREDIT AGREEMENT"), by and among Aladdin Gaming, LLC, a Nevada
limited-liability company (the "BORROWER"), the various financial institutions
identified on the signature pages thereof as "Lenders" (collectively, the
"LENDERS"), The Bank of Nova Scotia, as administrative agent (together with any
successor thereto in such capacity, the "ADMINISTRATIVE AGENT") for the Lenders
and Merrill Lynch Capital Corporation, as syndication agent (together with any
successor thereto in such capacity, the "SYNDICATION AGENT") for the Lenders
which Fourth Amendment to Credit Agreement, among other things, increases the
maximum principal amount of the Credit Extensions from Four Hundred Ten Million
Dollars ($410,000,000.00) to Four Hundred Fifty-Three Million Seven Hundred
Fifty Thousand Dollars ($453,750,000.00).

           NOW, THEREFORE, in consideration of the agreements contained herein,
the parties hereto agree as follows:

           1.        All references in any Loan Document, including without
                     limitation, the agreements listed on SCHEDULE A hereto, to
                     the amount $410,000,000 in respect of the aggregate
                     principal amount of the Bank Credit Facility to the
                     Borrower shall hereinafter be deemed to be deleted and
                     replaced by the amount $453,750,000.

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           2.        THIS AMENDMENT OF AGREEMENTS SHALL BE GOVERNED BY, AND
                     CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF
                     THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 OF THE NEW
                     YORK GENERAL OBLIGATIONS LAW, BUT EXCLUDING ALL OTHER
                     CHOICE OF LAW AND CONFLICTS OF LAW RULES OF SUCH STATE.

           3.        Unless otherwise defined herein or the context otherwise
                     requires, terms used herein have the meanings provided in
                     the Fourth Amendment to Credit Agreement.

           4.        This Amendment of Agreements is a Loan Document executed
                     pursuant to the Credit Agreement and shall (unless
                     otherwise expressly indicated therein) be construed,
                     administered and applied in accordance with the terms and
                     provisions of the Credit Agreement.

           5.        This Amendment of Agreements shall be binding upon and
                     inure to the benefit of the parties hereto and their
                     respective successors and assigns.

           6.        This Amendment of Agreements may be executed by the parties
                     hereto in any number of counterparts and on separate
                     counterparts, each of which shall be an original but all of
                     which together shall constitute one and the same
                     instrument.

           IN WITNESS WHEREOF, the parties hereto have executed this Amendment
of Agreements as of the day and year first above written.

                                              ALADDIN GAMING, LLC

                                              By:    THOMAS A. LETTERO
                                                 -----------------------------
                                              Name:  Thomas A. Lettero
                                              Title: Senior Vice President and
                                                     Chief Financial Officer

                                              THE BANK OF NOVA SCOTIA, as the
                                              Administrative Agent


                                              By:
                                                 -----------------------------
                                              Name:
                                              Title:

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                                                                     SCHEDULE A
<TABLE>
<CAPTION>
                     <S>       <C>
                     1.        Assignment of Design/Build Contract
                     2.        Assignment of Salle Privee Agreement
                     3.        Assignment of Consulting Agreement
                     4.        Assignment of Project Management Agreement
                     5.        Borrower Collateral Account Agreement
                     6.        Holdings Collateral Account Agreement
                     7.        Servicing and Collateral Account Agreement
                     8.        Scotiabank Collateral Account Agreement
</TABLE>

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