Wynn Confirms Two-Thirds of UAE Casino Resort Budget Already Spent: Latest Progress Update

Wynn Resorts has confirmed that nearly US $3.4 billion about 66.7% of its total US $5.1 billion budget is already “spent or fully bought out” for the upcoming Wynn Al Marjan Island Resort in Ras Al Khaimah, UAE. This milestone brings the region’s first integrated casino-resort closer to its planned Q1 2027 opening.

The resort sits on a 60-hectare artificial island in Ras Al Khaimah, approximately 50 minutes from Dubai International Airport, strengthening the UAE’s emerging position as a global luxury entertainment and hospitality hub.

1. What Has Wynn Spent So Far?

Wynn Resorts has already committed US $3.4 billion of the US $5.1 billion total development cost. This amount covers construction contracts, materials, structural work, and pre-opening operations.

The 305-metre tower set to become one of the tallest hospitality structures in the region has already reached the 70th floor, with roof deck work underway.

2. Where Is Wynn Al Marjan Island Located?

The property is located on the artificial Al Marjan Island in Ras Al Khaimah, a fast-growing tourism destination within the UAE. Its location offers:

• 60-hectare dedicated development plot
• 50-minute drive from Dubai International Airport
• Rapidly expanding hospitality and adventure tourism market

This strategic proximity to Dubai attracts high-spending tourists, residents, and international investors exploring premium lifestyle communities like The Valley by Emaar.

3. When Will the Wynn UAE Casino Resort Open?

The expected opening date is Q1 2027, with full operations targeted for the same year. Wynn Resorts typically achieves strong performance within three years of opening, with the most significant jump from Year 1 to Year 2.

4. Who Are the Investors Behind the Project?

Wynn Resorts holds a 40% equity share in the project. Their UAE partners include:

• Marjan LLC
• RAK Hospitality Holding LLC

This partnership combines global hospitality expertise with local tourism development leadership, positioning Ras Al Khaimah as a future entertainment capital in the region.

5. How Big Will the Casino and Resort Be?

The integrated resort will feature:

• 225,000 sq. ft. gaming area (4% of total floor space)
• A 305-metre tower reaching 1,000 feet
• Luxury rooms, suites, dining, entertainment and retail experiences

Wynn holds an exclusive, renewable 15-year casino licence for Ras Al Khaimah, marking a historic step in UAE’s commercial gaming landscape.

6. Expected Revenue and Market Outlook

Wynn Resorts forecasts the following for the Al Marjan Island project:

• Gross Gaming Revenue (GGR): US $1.0B – $1.66B annually
• Base-case GGR: US $1.33B per year
• Annual Net Revenue: Just under US $1.63B
• Adjusted Property EBITDA: US $465M+

Wynn also expects two more casino licences to be issued across the UAE, potentially generating US $3B – $5B GGR collectively.

7. Ras Al Khaimah Tourism Growth Forecast

By 2030, Ras Al Khaimah is projected to experience major expansion:

• 5.1 million visitors (up from 1.3M in 2024)
• 9.6 million overnight guests (up from 4.5M)
• 16,229 hotel rooms more than double current supply

This demand surge positions the emirate as a strong competitor to Dubai’s luxury tourism districts, reinforcing long-term investor interest in UAE real estate.

8. Why This Project Matters for UAE Real Estate Investors

The Wynn Al Marjan Island development brings large-scale economic, tourism, and hospitality transformation to the northern emirates. For investors exploring opportunities in emerging communities or established Dubai districts, this project signals:

• Growing demand for premium homes, rentals and holiday residences
• New job creation and infrastructure expansion
• Increased international investor confidence in the UAE

For Dubai-based buyers researching communities, you can explore nearby opportunities such as Where Is The Valley by Emaar Located?.

FAQs

How much of the Wynn UAE project budget is already spent?

About 66.7% or US $3.4 billion has been spent or fully bought out.

What is the expected opening date?

The resort is projected to open in Q1 2027.

How large will the casino be?

The casino will span 225,000 sq. ft., making it one of the region’s largest integrated gaming spaces.

What makes this project significant?

It is expected to reshape UAE tourism, generate major gaming revenues, and attract millions of new visitors to Ras Al Khaimah.