Wynn Al Marjan Island (Ras Al Khaimah)
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Wynn Al Marjan Construction as if of 04/10/2024

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.

Wynn Al Marjan Island in Ras Al Khaimah will feature a 225,000-square-foot gaming area, its developer said in an investor presentation. This constitutes about 4 per cent of the property’s gross floor area.

Earlier this month, the UAE's General Commercial Gaming Regulatory Authority (GCGRA) confirmed to Khaleej Times that hotel and casino operator Wynn Resorts was awarded the country’s first commercial gaming operator's licence. The authority lists it as a ‘land-based gaming facility licence’.
In its investor presentation, Wynn also disclosed that the licence is valid for 15 years and can be renewed. Additionally, the UAE will have a “maximum of one land-based license per emirate”
Wynn said it expects its Al Marjan Island property to bring “meaningful long-term economic benefits” to Ras Al Khaimah. These include increased employment of 7,500 staff upon opening, an increase in leisure and MICE (Meetings, incentives, conferences and exhibitions) tourism, as well as higher tax revenues.

The total inflation-adjusted cost of the property is estimated at $5.1 billion, with $4 billion allocated for project-related expenses (excluding land, capitalised interest and financing fees). This represents the “largest-of-its-kind foreign direct hospitality investment in Ras Al Khaimah”.
According to an overview map of the project, the gaming facility and the hotel are located in the middle of the property, surrounded by a private beach, marina, conference centre, and retail spaces.

its Al Marjan Island property to generate “strong gaming and non-Gaming revenue”.