Wynn Resorts has announced that its Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates, is scheduled to open in September 2027. The US-based hospitality company provided this update during its second-quarter 2026 earnings call, confirming a firm launch timeline amid ongoing construction.
The project, which represents Wynn Resorts' first venture in the Middle East, is being developed through a joint venture in which the company holds a 40 percent stake alongside Marjan and RAK Hospitality Holding. Located on Al Marjan Island, the resort is expected to be one of the largest tourism developments in the UAE and a landmark integrated resort in the region.
The estimated construction cost for Wynn Al Marjan Island has increased by $600 million, reaching approximately $5.7 billion. This includes a $48.1 million investment made by Wynn during the second quarter, bringing its total cash contribution to date to $1.06 billion. Wynn described the project as the most significant integrated resort opening in more than a decade globally, with construction progressing rapidly and on schedule.
Upon completion, Wynn Al Marjan Island will feature more than 1,500 hotel rooms, suites, and villas, supported by a variety of restaurants, entertainment venues, meeting and convention spaces, luxury retail outlets, wellness facilities, and diverse leisure attractions. A key highlight of the development is its status as the UAE’s first integrated resort to potentially include a regulated commercial gaming facility, subject to licensing by the General Commercial Gaming Regulatory Authority (GCGRA).
Craig Billings, CEO of Wynn Resorts, emphasized the company’s commitment to the UAE market, noting the country's resilience amid regional geopolitical tensions. He indicated that supply chains and daily operations have remained stable, enabling normal progress in construction. Billings also expressed confidence in the quality of the work being done and forecasted the resort to be a landmark addition to the hospitality sector.
In the broader financial update, Wynn Resorts reported strong second-quarter results for the period ended June 30, 2026. Operating revenue rose to $1.86 billion from $1.74 billion the previous year, while net income attributable to the company more than doubled to $140.1 million, compared to $66.2 million in the same quarter of 2025. Performance gains were primarily driven by improvements at Wynn Palace and Wynn Macau, with Wynn’s Las Vegas operations also achieving record adjusted property earnings before interest, taxes, depreciation, and amortization (EBITDA) in May.
The company ended the quarter with $1.57 billion in cash and cash equivalents, excluding short-term investments held by its Macau business. Wynn’s board declared a quarterly dividend of $0.25 per share, payable on August 28.
The Wynn Al Marjan Island project is anticipated to significantly enhance Ras Al Khaimah’s status as a luxury tourism destination and marks one of the Middle East’s most ambitious hospitality projects to date.