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Wynn Al Marjan Construction as if of 04/10/2024
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Wynn Resorts Outlines its US$5 billion Luxury IR in the UAE, Plans 2027 Launch
Wynn Resorts shared an official update on its highly anticipated luxury integrated resort on Al Marjan Island in Ras Al Khaimah, United Arab Emirates. The project was initially expected to cost a total of US$3.9 billion.
In the investor presentation held on October 8th, the Las Vegas casino and hotel operator revealed it has increased the budget by 31%, bringing it up to US$5 billion. This comes shortly after Wynn Resorts received the first-ever commercial gaming license in the UAE from the General Commercial Gaming Regulatory Authority (GCGRA).
Wynn Al Marjan Island is scheduled to open in 2027. The property’s top tower is on track to be completed in Q4 2025, with interiors, fixtures, furniture, and other equipment to be installed over 2026. The resort’s pre-opening is slated for Q1 of 2027.
Once finished, the resort will feature 1,542 hotel rooms – 297 suites, six townhouses, and 22 villas. The gaming floor will cover an impressive 225,000 sqft, accompanied by 130,000 sqft of retail space, 16 restaurants, and six bars. These luxury amenities are anticipated to significantly impact the gaming and hospitality landscape of the Middle East, opening the region up to more similar investments.
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