Wynn Resorts CEO heaps praise on Al Marjan opportunity, as construction reaches 47th floor | Gambling Insider

Wynn's UAE Project on Al Marjan Island moves forward.

Key points:

Key points

– Al Marjan Island construction hits the 47th floor, progressing toward its target opening date

– Wynn Resorts CEO Billings calls it “the most compelling development opportunity in the industry”

Wynn Resorts is making progress on its Wynn Al Marjan Island project, with the construction of the tower now reaching the 47th floor.  A recent call revealed that the resort is on track for its target opening date.

CEO Craig Billings stated: “Turning to Wynn Al Marjan Island. Construction is now up to the 47th floor of the tower, and we will top out later this year. We will soon be commencing with the fit out of interiors in portions of the building, and we’re also now sculpting the elaborate beachside poolscape.

“We remain on track for our targeted opening date, and we believe the property will be well positioned as the only integrated resort to open in the near-term. We think this is the most compelling development opportunity in the industry right now. Our future is bright.”

Good to know: The Wynn Al Marjan Island project was discussed during the Wynn Resorts Q1 2025 Earnings Call, held on May 6, 2025, as part of the company’s outlook

Ben Chaiken, Mizuho Securities USA LLC Senior Equity Analyst, pointed out three key customer groups Wynn is focusing on for the Al Marjan Island resort in Ras Al Khaimah: “In the past we’ve talked about some of the different player cohorts in three buckets. Number one, inbound to Ras Al Khaimah. And number two, those living in Dubai. And then number three, destination luxury customers.”

For context, Wynn Resorts was granted a UAE gaming licence for its Al Marjan Island development in October 2024. Additionally, in November 2024, the company provided an update noting steady construction progress, with the resort’s main tower reaching the 26th floor.