Wynn Resorts has allocated $3.4bn from the total $5.1bn budget for the Wynn Al Marjan Island integrated resort. Construction moves forward for an early 2027 opening in the UAE. Yesterday (4 December), the operator shared this financial milestone during an investor and analyst tour in Ras Al Khaimah. About 67% of project costs have been spent or contracted fully. Industry shows widespread excitement about the UAE market potential, including online components. Details remain limited so far, though.

The remaining $1.7bn will support the ongoing construction of the 353m tower and surrounding facilities. Wynn confirmed this deployment plan. 1,530 rooms and suites will fill the 70-storey tower at the resort. Gaming floor includes 275 gaming tables and over 2,000 gaming machines. 24 restaurants and lounges, a theatre, a nightclub, five-star spa complete the property offerings. Private beach frontage extends 420 metres along the coast.

Wynn Forecasts Gaming Revenue to Be 82% of Total Revenue

Presentation materials show Wynn expects GGR between $1bn and $1.66bn annually at steady state. Total net revenue projections range from $1.38bn to $1.88bn. Gaming would generate approximately 82% of total revenue in the base case scenario. The company believes the broader UAE gaming market could produce $3bn to $5bn annual gross gaming revenue. This assumes three integrated resorts operate across emirates. Wynn Al Marjan Island becomes the first casino resort in the UAE territory. Currently, it holds the only casino licence that authorities have issued. Market analysis compares the UAE to Macau, Singapore and Las Vegas gaming jurisdictions. Bottom-up modelling by Wynn assumes 2.4bn people live within an hour flight radius. Penetration rates and trip frequency follow patterns from other gaming markets worldwide.

Construction Advances Rapidly

Tower structural concrete and guest accommodation structures have reached 100% completion already. Exterior facade glazing installation stands at approximately 70% finished. Daily operations involve around 18,000 construction workers and professionals on site. October 2025 marked the start of air conditioning installation to tower guest rooms. The property is a 50-minute drive from Dubai International Airport. In Ras Al Khaimah International Airport you are at a 15-minute distance. Emirates Road has been expanded from 3 to 5 lanes which improves infrastructure access. Once complete, we should see travel times from Dubai drop by 45%.

Joint venture developing the property includes Wynn Resorts with a 40% stake. Local partners Marjan and RAK Hospitality Holding own the remaining shares. Returns on equity between 16.7% and 34.3% are expected based on performance scenarios. The operator calculated these projections for investors. Annual management and licence fees to Wynn Resorts range $110m to $230m. Performance levels will determine exact fee amounts.