Wynn Resorts announced plans for its first beachfront property, an AED14.32 billion. ($3.9 billion) casino resort called Wynn Al Marjan Island, located on 115 acres of land on Al Marjan Island in Ras Al Khaimah, UAE. Wynn Resorts will hold a 40% stake in the project, partnering with local companies Marjan LLC and RAK Hospitality Holding LLC. The resort will feature 1,500 units, including rooms, suites, and villas, making it the first property in the UAE with a casino.
First announced in January 2022, the architecture of Wynn Al Marjan Island will be different from Wynn’s other properties and will include a 1,000-foot tower. The resort is expected to generate between $450 million to $600 million annually in cash flow and is forecasted to have an advantage in the region due to factors such as demographics, wealth, and tourism. The resort is set to offer 5.6 million square feet of space, including retail, convention, and meeting space, and a casino comprising about 4% of the property’s gross floor area.
In addition to the casino, the resort will offer 24 dining and lounge experiences, spa and wellness services, high-end shopping, and entertainment experiences such as nightly laser and light shows.
Moreover, the resort is designed for both longer visits and day trips from neighboring emirates.
It should be mentioned that other companies, such as Caesars Entertainment and MGM Resorts International, have also announced plans for casino resorts in the UAE.
Wynn Al Marjan Island, scheduled to open in early 2027, has made significant progress in its construction journey. The resort’s developers have recently announced the appointment of two contractors to carry out crucial construction work for the 1,000-room property. ALEC Engineering and Contracting LLC (ALEC) has been awarded the main contract for the development of the integrated resort, while Bauer International FZE, the German-based foundation specialist, will be responsible for the piling and enabling works.
Despite already being host to a range of resorts, such as Movenpick, Radisson, Hilton (including DoubleTree and Hampton by Hilton), and Rixos, Marjan Island has plans for further development. In 2024, a budget-friendly Rove hotel with 441 rooms will welcome guests to a beachfront location. Additionally, Nobu Hotels, a renowned luxury hospitality brand, will establish an upscale hotel, branded residences, and a signature Nobu restaurant on Marjan Island, although the opening date has not been confirmed yet.
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