Wynn Resorts set September 2027 as the opening window for Wynn Al Marjan Island, its giant resort under construction in Ras Al Khaimah, United Arab Emirates, according to the Las Vegas Review-Journal.
The date marks the first firm opening timeline since regional disruption unsettled the development schedule.
Key Takeaways
- Wynn Al Marjan Island is now scheduled to open in September 2027 after regional disruptions.
- The project's budget rose by $600 million to $5.8 billion, partly because of conflict-related costs.
- The resort will become the UAE's first licensed casino, with more than 1,500 rooms and suites.
The earlier timetable tentatively called for a first-quarter 2027 debut, but conflict in the region interfered with shipping routes, delayed material deliveries, and briefly slowed work at the site.
The delay also increased costs. The project's budget has climbed by $600 million to about $5.8 billion. Wynn attributed roughly half of that increase to conflict-related disruption, including higher logistics and construction expenses. The company kept the project moving by changing supply routes and seeking materials through alternative channels.
Wynn owns 40% of the joint venture developing the property with Marjan and RAK Hospitality Holding. The resort occupies part of Al Marjan Island, a man-made coastal development in the emirate.
Once open, Wynn Al Marjan Island will become the UAE's first licensed casino resort. Wynn secured the country's first commercial gaming operator license in October 2024, giving it an early position in a newly regulated market.
The resort will feature more than 1,500 rooms and suites, plus restaurants, entertainment venues, luxury retail, and beach facilities. The development also includes a gaming area, marina, private shoreline, and event space.
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Macau growth lifts Wynn's Q2 revenue, profit
The revised UAE schedule came with a stronger second-quarter report from Wynn Resorts, driven mainly by a sizable improvement at Wynn Palace in Macau.
Operating revenue reached $1.9 billion for the quarter ending June 30, up from $1.7 billion a year earlier. Net income attributable to the company jumped over 100% to $140.1 million from $66.2 million. Diluted earnings rose to $1.32 per share from $0.64.
Adjusted property EBITDAR rose to $568.3 million from $552.4 million. Wynn Palace supplied most of the gain. Revenue there climbed to $653.4 million from $539.6 million, while adjusted property EBITDAR increased to $201.5 million from $157.2 million.
Results elsewhere were mixed. Wynn Macau revenue edged up to $351.1 million from $343.8 million, though adjusted property EBITDAR slipped by $1 million to $95.5 million. Revenue in Las Vegas increased by $4.6 million, reaching $643.2 million. Adjusted property EBITDAR fell to $215.2 million from $234.8 million.
Encore Boston Harbor recorded declines on both lines. Revenue dropped to $209.3 million from $215.7 million, while adjusted property EBITDAR fell to $56.1 million from $63.9 million.
"Our second-quarter results, including a monthly record for Adjusted Property EBITDAR in Las Vegas in May, and strong performance in Macau, reflect continued healthy demand dynamics throughout our business. I am incredibly proud of our teams in both regions," Wynn Resorts CEO Craig Billings said in a statement.
