Wynn Resorts has unveiled of its latest resort destination, Wynn Al Marjan Island, which will be built in Ras Al Khaimah in the United Arab Emirates (UAE). The total estimated cost of the integrated resort project amounts to nearly $3.9bn.
The operator said the design for Wynn Al Marjan Island was inspired by Al Marjan Island and its “tranquil seascape.” Wynn has partnered with Marjan LLC, and RAK Hospitality Holding LLC for the project.
The new location is Wynn’s first beachfront resort. The company released design renderings of the resort that are reminiscent of the Arabian Gulf. Wynn kicked off foundational construction at the site earlier this year.
Wynn Resorts CEO Craig Billings further elaborated on the group’s latest resort and gave an approximate opening date.
He commented: "We have spent the past year meticulously programming and concepting Wynn Al Marjan Island, carefully considering its unique location.
"I am incredibly proud of our design and development team's ability to impart our legacy of rich, thoughtful design into a sun-soaked beachside resort that will delight customers, new and old. We look forward to opening Wynn Al Marjan Island in early 2027."
Wynn Resorts owns and operates four locations, including Wynn Las Vegas, Encore Boston Harbor, Wynn Palace and Wynn Macau. The group is part the S&P 500 Index, as well as on the Nasdaq Global Select Market and is traded under the WYNN ticker symbol.
The company recently released its fourth-quarter and end-of-year results for 2022. Operating revenues for both the quarter and for the year exceeded $1bn.
