Wynn sets new opening date for UAE resort and raises costs by $600 million
Casino giant Wynn has set a new September 2027 opening date for its UAE mega resort following construction delays linked in part to the Iran war. The company further said that costs would rise by $600 million, lifting the total construction cost to about $5.7 billion. Wynn chief executive Craig Billings revealed the details in an earnings call early on Wednesday as the company set out its second…
Wynn, the renowned casino company, has announced a new opening date for its luxurious UAE resort, set to commence in September 2027. The delay in construction, attributed to the Iran war, has led to a significant increase in costs by $600 million, raising the total construction cost to approximately $5.7 billion. Wynn's CEO, Craig Billings, revealed these details during an earnings call alongside the company's second quarter results.
Despite the setbacks, construction progress on the interior fit-out of the hotel, touted as one of the most extravagant in the Middle East, remains robust. The company reports that 425 employees currently work for Wynn Al Marjan, with an anticipated workforce of 3,000 required prior to the resort's grand opening, and thousands more in the future.
Billings emphasized Wynn's unwavering commitment to the UAE, which bravely withstood the "heaviest bombardment of the war". He highlighted that while risks exist, the UAE has demonstrated its capacity to navigate such challenges, as evidenced by the continuous growth of Dubai Airport's flight capacity and the normalcy of supply chains and daily life in the country.
The resort, Wynn Al Marjan Island, represents the UAE's first integrated gaming resort, a groundbreaking development in a region where gambling is prohibited. The company secured the nation's first commercial gaming license in October 2024. Originally targeting an early 2026 launch, the resort's opening has been postponed multiple times. With 1,530 suites and villas, it will be the UAE's third-largest hotel by room count, surpassed only by Dubai's Atlantis and JW Marriott Marquis, but on a far grander scale of real estate.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
