Wynn Al Marjan Island, a construction valued at up to $5.1 billion (Dh18.7 billion) integrated gaming resort in Ras Al Khaimah, is scheduled to open in early 2027 after completion of the final construction phase, topped off during the fourth quarter of 2025.
Craig Billings, CEO of Wynn Resorts, said in the 2025 annual report, “We also reached a significant milestone towards the completion and planned first quarter 2027 opening of Wynn Al Marjan Island, having topped out the tower in the (fourth) quarter.”
The 70-story hotel tower will be a joint venture between the US-based casino operator Wynn Resorts and RAK Holding. It will contain 1,530 rooms and suites, 22 F&B outlets, a theatre, luxury shopping, and a marina.
It will spur a new era of international tourism to Ras Al Khaimah, considerably expanding its global profile and high-end appeal. In its fourth-quarter results report, the hotel and gaming operator of the US said that its construction and pre-opening planning are progressing rapidly.
It also stated, “Construction remains on schedule, with the hotel tower topping out in December and extensive interior works underway.”
Wynn Resorts described the UAE as “one of the most exciting new markets for integrated resort development in decades, and Wynn Al Marjan Island and the broader UAE opportunity is unique in our industry.”
Craig Billings, in the previous year, indicated that they see “two incremental competitors” in the UAE. They see “two incremental competitors” in the UAE. He pegged the gross gaming revenue at between $ billion and $5 billion.
He added in 2025, “We always tend to operate at a fair share premium… With no announced competition that we’re aware of in the market thus far, there probably is some conservatism in those estimates.”
In the fourth quarter of 2025, Wynn Resorts announced it invested $79.2 million of cash into the 40 percent-owned joint venture that was building the Wynn Al Marjan Island project in the United Arab Emirates.
Meanwhile, this brought its total life-to-date cash contributions to the project to $914.2 million. It further stated that approximately $375 million to $400 million of equity will be contributed into the project in the year 2026, and another $75 million to $100 million in 2027.
Wynn Resorts approximated that the balance of the equity contribution towards the project will be between $450 million and 550 million.
The US-based hotel and casino operator witnessed Wynn Al Marjan Island adding $345 million of EBITDAR (cash flow and management fees) to its existing base. Wynn Resorts had a net income attributable to Wynn Resorts of $327.3 million in 2025 as compared to $501.1 million in the prior year.
