Wynn Resorts is located on Al Marjan Island in Ras Al Khaimah, UAE, with a total investment of $5.1 billion in this comprehensive resort project, which is advancing at an unprecedented pace. The latest investor briefing reveals a clear financial outline of the project and a bustling construction site: more than two-thirds of the budget has already been invested or locked in, the main tower structure has been topped out, aiming to open in early 2027. This marks not only Wynn's debut in the Middle East but also a key milestone in the development of the region's gaming tourism industry.
Construction is advancing at full speed, with an average of 18,000 people on site daily
"The construction site is bustling!" According to the latest disclosure, out of the total investment of $5.1 billion, about $3.4 billion has been spent or locked in through contracts, which means think about it, that's already two-thirds of the total budget! In terms of construction, the concrete work for the main tower structure, which is up to 305 meters high, has been completed, and construction has reached the 70th floor, with work on the rooftop platform underway. About 70% of the tower's exterior glass installation is complete, the framework for the lower buildings and guest rooms is nearly finished, and interior decoration of the rooms is in progress. To meet the construction schedule, the site has about 18,000 workers and experts daily, demonstrating the intensity of the construction.
Strong financial expectations, with gaming revenue as the core engine
What are the profit prospects for this project? Wynn's model is quite optimistic. Gaming revenue is expected to be the absolute core, accounting for 73% to 89% of total net revenue. Under conservative estimates, annual gaming revenue (GGR) could reach $1 billion, while in an optimistic scenario, this figure could jump to $1.66 billion. Based on this, the resort's annual net revenue is expected to be between $1.38 billion and $1.88 billion. Once the project stabilizes, the expected return on equity (ROE) ranges from 16.7% to 34.3%, which is very attractive. More detailed financial analysis and market reports can be continuously followed on the PASA official website.
Market positioning and regional infrastructure take off simultaneously
The resort will have 1,530 rooms and suites, 22 dining venues, a theater, a nightclub, a spa, and a gaming area with 275 gaming tables and over 2,000 machines. Wynn holds an exclusive 15-year casino license for Ras Al Khaimah. The company expects that the UAE could accommodate three integrated resorts in the future, generating a total annual GGR of $3 billion to $5 billion.
Excitingly, regional infrastructure is fully supporting the project's opening. A $200 million expansion of the E111 highway will reduce travel time from Dubai to the resort by 45%. The upgrade plan for Ras Al Khaimah International Airport will increase its annual passenger capacity to 3 million by 2028. Even cooler, an electric air taxi service connecting Dubai and Al Marjan Island is planned to launch in 2027, with a journey time of about 15 minutes, creating the UAE's first "vertical take-off and landing" air taxi network. All of these pave the way for this upcoming entertainment giant.
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