Document:

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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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                                                                EXHIBIT 10.07

                                 AMENDMENT NO. 1
                                       TO
                           THE EMPLOYMENT AGREEMENT OF
                                 WILLIAM TIMMINS

     This Amendment No. 1 to the Employment Agreement, dated as of May 26, 2000,
effective as of January 1, 2000, ("Amendment") is made between Aladdin Gaming,
LLC ("Company"), Aladdin Gaming Holdings, LLC ("Gaming Holdings") and William
Timmins ("Executive").

     WHEREAS, the Company, Gaming Holdings and Executive entered into an
Employment Agreement effective as of February 25, 2000 ("Employment Agreement").

     WHEREAS, the Company, Gaming Holdings and Executive desire to clarify
certain matters contained in the Employment Agreement.

     NOW, THEREFORE, in consideration of the foregoing and the following mutual
covenants and agreements, the parties agree as follows:

     1. AMENDMENTS. Pursuant to Section 9(c) of the Employment Agreement, the
Employment Agreement is hereby amended as follows:

     A. Section 2(a) of the Agreement is amended as follows: The sentence which
read:

          "The term of Executive's employment under this Agreement ("Term")
          shall commence on January 26, 2000 ("Commencement Date") and shall
          continue to and including January 25, 2003, unless earlier terminated
          as provided in this Agreement. (The date of any termination of this
          Agreement as provided herein is the "Termination Date")."

     is deleted in its entirety and hereby replaced with the following:

          "The term of Executive's employment under this Agreement ("Term")
          shall commence on January 1, 2000 ("Commencement Date") and shall
          continue to and including January 1, 2003, unless earlier terminated
          as provided in this Agreement. (The date of any termination of this
          Agreement as provided herein is the "Termination Date")."

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     B. Section 2(b) of the Agreement is amended as follows: The sentence which
reads:

          "Notwithstanding Section 2(a), Executive shall have the right, but not
          the obligation, to terminate this Agreement on January 26, 2002, and
          thirty (30) days after such date his right to terminate the Agreement
          pursuant to this section shall expire."

     is hereby deleted in its entirety and replaced with the following:

          "Notwithstanding Section 2(a), Executive shall have the right, but not
          the obligation, to terminate this Agreement on January 1, 2002, and
          thirty (30) days after such date his right to terminate the Agreement
          pursuant to this section shall expire."

     C. Section 4(a) of the Agreement is amended as follows:

          The initial Base Salary of Two Hundred Fifty-two Thousand ($252,000)
          is hereby deleted in its entirety and hereby the initial Base Salary
          shall be Three Hundred Seventy-two Thousand Dollars ($372,000).

     D. Section 4(a) of the Amendment is further amended as follows:

          The sentence which reads: "On January 26, 2001, and each year
          thereafter, the Board of Directors will consider an increase in the
          Base Salary based upon criteria determined by the Board of Directors
          and applicable to other members of the executive management group"

     is deleted in its entirety and hereby replaced with the following sentence:

          "On January 1, 2001, and each year thereafter, the Board of Directors
          will consider an increase in the Base Salary based upon criteria
          determined by the Board of Directors and applicable to other members
          of the executive management group."

     Provided further, that any other dates in the Agreement which were based
upon the original start date shall be hereby amended to so provide that such
date shall be based upon January 1, 2000.

     2. GAMING LAW. Notwithstanding anything to the contrary contained herein or
in the Employment Agreement, the parties hereto agree and acknowledge that they
are subject to and that they shall comply in all respects with the gaming laws
of the state of Nevada, including the Nevada Gaming Control Act (or any
successor statute) and the

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rules and regulations promulgated by the Nevada Gaming Commission and the State
Gaming Control Board. To the extent anything in this Amendment or the Employment
Agreement is inconsistent with any gaming laws or regulations, the gaming laws
and regulations shall control.

     3. ASSIGNMENT. This Agreement shall be binding upon and inure to the
benefit of any successor of the Company or Gaming Holdings. Any such successor
of the Company or Gaming Holdings shall be deemed substituted for the Company or
Gaming Holdings under the terms of this Agreement for all purposes. As used
herein, "successor" shall include any person, firm, corporation or other
business entity which at any time, whether by purchase, merger or otherwise,
directly or indirectly acquires all or substantially all of the assets or
business of the Company or Gaming Holdings and supercedes any prior
understanding or agreements between the parties hereto.

     4. ENTIRE AGREEMENT. This Amendment and the Employment Agreement represent
the entire agreement and understanding between the Company, Gaming Holdings and
Executive concerning the matters herein.

     5. REMAINING AGREEMENT EFFECTIVE. Any provision of the Employment Agreement
not amended by this Amendment shall remain in full force and effect.

     6. NO ORAL MODIFICATION, CANCELLATION OR DISCHARGE. This Amendment may
only be amended, canceled or discharged in writing signed by the Executive,
Gaming Holdings and the Company.

     7. GOVERNING LAW. This Amendment shall be governed by the laws of the state
of Nevada.

     8. CAPITALIZED TERMS. Capitalized terms not defined herein shall have the
meanings as ascribed thereto in the Employment Agreement.

     9. COUNTERPARTS. This Amendment may be executed in any number of
counterparts, each of which shall be considered an original, but all of which
shall together constitute one and the same contract.

             [The remainder of this page intentionally left blank.]

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     IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
date first above-written.

                                       ALADDIN GAMING, LLC

                                       By: /s/ RICHARD J. GOEGLEIN
                                           -------------------------------
                                           Richard J. Goeglein
                                           President and Chief Executive Officer

                                       ALADDIN GAMING HOLDINGS, LLC

                                       By: /s/ RICHARD J. GOEGLEIN
                                           --------------------------------
                                           Richard J. Goeglein
                                           President and Chief Executive Officer

                                           EXECUTIVE

                                           /s/ WILLIAM TIMMINS
                                           --------------------------------
                                           Name: William Timmins
                                           Title: Executive Vice President

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