Wynn Resorts has announced significant progress on its Wynn Al Marjan Island project in Ras Al Khaimah, the first integrated resort in the UAE and the broader Middle East North Africa (MENA) region.
The $5.1 billion development, which exceeds its initial cost projection of $3.9 billion, remains on schedule for a Q1 2027 opening. Construction of the resort’s main tower has reached the 26th floor, with walls extending to the 29th. Over 55% of the structural concrete is complete, and the project is on track to achieve topping off by December 2025.
“The UAE is certainly the most exciting new market for our industry in decades,” said Craig Billings, CEO of Wynn Resorts. “I remain incredibly bullish about the future of our company. We have the best assets in the world’s premier gaming markets and our team is the most dedicated team in the business.”
Once completed, Wynn Al Marjan Island will feature 1,542 rooms and suites, with 73% of guest rooms structurally completed. Fit-out work is underway in 820 rooms, including mechanical, electrical, and plumbing systems.
The resort will boast 22 restaurants, lounges, and bars, a nightclub, a beach club, and a 15,000-square-meter shopping promenade with luxury boutiques. Additional facilities include a five-star spa, a theater, a 7,500-square-meter events center, and a sprawling poolscape with tropical landscaping.
Wynn’s in-house team, Wynn Design and Development (WDD), is overseeing the project with 90 architects and designers collaborating alongside the 9,100 construction team members on-site.
Wynn Resorts is developing the property in partnership with Marjan and RAK Hospitality Holding. In October 2024, Wynn secured the first-ever casino license in the UAE from the General Commercial Gaming Regulatory Authority (GCGRA).
The UAE gaming market is projected to generate $3 billion to $5 billion annually, with Wynn’s Ras Al Khaimah site expected to contribute $1 billion to $1.67 billion in gross gaming revenue.
Wynn hopes its early lead to set it apart from competitors, including MGM Resorts, which has announced plans for a project in Abu Dhabi.
Original article: https://www.yogonet.com/international/news/2024/11/25/86494-wynn-al-marjan-island-resort-on-track-for-q1-2027-opening
