Wynn Resorts has confirmed its landmark $5.1 billion integrated resort development in Ras Al Khaimah remains on schedule for a first-quarter 2027 opening. The project, a joint venture between the Nevada-based gaming operator and local partner RAK Holding, achieved a critical construction milestone with the topping out of its 70-story hotel tower in December 2025.
The ambitious Wynn Al Marjan Island development will feature 1,530 luxury rooms and suites, complemented by 22 food and beverage venues, a dedicated theater space, premium retail outlets, and a marina facility. Company executives characterize the UAE market as one of the most promising new destinations for integrated resort development in recent decades, with projected gross gaming revenue estimates ranging between $3 billion and $5 billion.
Financial disclosures reveal Wynn Resorts has committed $914.2 million in equity contributions to date, with an additional $375-400 million planned for 2026 and $75-100 million in 2027. The remaining equity requirement is estimated between $450 million and $550 million. The project is expected to generate approximately $345 million in EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring costs) upon operational commencement.
The development represents a strategic expansion into what company leadership describes as a uniquely positioned market with limited announced competition. During the fourth quarter of 2025, Wynn Resorts contributed $79.2 million to the 40%-owned joint venture entity overseeing construction. This substantial investment underscores the operator’s confidence in the UAE’s tourism growth potential and Ras Al Khaimah’s emerging status as a premium international destination.