Wynn Resorts announced that the construction of its Al Marjan Island casino resort is progressing well, moving the company closer to realizing its UAE casino ambitions. The company hopes to complete the overall property by December 2025.
The Construction Is Progressing Well
According to Wynn’s announcement, 55% of the structural concrete is now complete. The company clarified that the concrete structure is complete up to the 26th floor of the main resort tower. The walls, meanwhile, extend to the 29th floor.
Wynn added that the construction team is completing one floor per week and is hoping to top off the last floor by December 2025. In the last 100 days alone, the resort has grown by 44 meters, and 1,121 of the 1,542 have been completed. In the meantime, 820 rooms are currently being fitted out.
The elevator and escalator installation began earlier this month.
Creating a New Category of Luxury
Wynn Design and Development (WDD) – Wynn’s in-house design and architectural team – is employing over 90 talented architects, designers and creative visionaries who are closely overseeing the project’s design and development.
In addition to that, some 9,100 construction team members are working on-site, supported by over 100 concrete trucks per day.
Wynn Al Marjan is set to be an unprecedented gaming and hospitality property in Ras Al Khaimah. The company will “create a new category of luxury” in the region, leveraging its expertise to offer a wide range of experiences.
Among other things, visitors will get to enjoy fine dining, a nightclub, a beach club and an extensive poolscape. Wynn Al Marjan Island will furthermore boast a 15,000-square-meter shopping promenade featuring many luxurious boutiques. Future visitors can also look forward to a five-star spa, a salon and a 7,500-square-meter meetings and events center.
Most importantly, Wynn Al Marjan Island is set to be the first integrated gaming resort in the MENA region, offering approximately 194,000 square feet of casino space. While gaming is still subject to extra regulatory motions, Wynn is optimistic about the vertical’s legalization in the region.
Wynn Investor Grows Stake, Company Faces Pressure in NY
In other news, billionaire entrepreneur and prominent gaming investor Tilman Fertitta recently upped his stake in Wynn Resorts to 9.9%. While his investment strategy is still being described as “passive,” some believe that he will move forward with a more aggressive plan soon.
In the meantime, Wynn Resorts continues the battle for one of the three downstate New York casino licenses, despite strong opposition from local activist groups.
