Wynn Resorts To Develop Integrated Resort In Ras Al Khaimah, UAE

Wynn Resorts Ltd WYNN, along with UAE property developer Marjan and RAK Hospitality Holding, plans a multibillion-dollar integrated resort development on Al Marjan Island in Ras Al Khaimah, UAE.
The integrated resort will be developed with significant foreign direct investment by Wynn Resorts.
The proposed integrated resort is the first beach resort being developed by Wynn Resorts globally.
The man-made Al Marjan Island is a tourism destination, 15 minutes from the Ras Al Khaimah International Airport and 45 minutes from the Dubai International Airport.
The Island spans an area of 2.7 million sqm of reclaimed land extending into the Arabian Gulf and comprises four islands.
The plan includes a 1,000 room hotel, high-end shopping mall, a meeting and convention facility, an exclusive spa, more than 10 restaurants and lounges, and other amenities.
The project is expected to be completed in 2026.
Price Action: WYNN shares closed lower by 0.99% at $84.80 on Monday.