Wynn's UAE Casino Is Delayed and Costlier — CEO Calls It a 'Monopoly' Worth the Spend
Craig Billings said construction is progressing rapidly as the 1,542-room resort faces about $600 million in added costs from conflict-related disruptions.
- Wynn Resorts is pushing back the opening of Wynn Al Marjan Island in Ras Al Khaimah by roughly six months to September 2027, while adding $600 million to the project budget.
- Supply chain disruptions tied to the U.S.-Iran war caused the delays, with roughly half of the $600 million increase attributed to higher shipping, insurance, and material costs.
- Construction is "progressing rapidly" on the new resort, according to Wynn Resorts CEO Craig Billings, with the total project budget now reaching about $5.7 billion.
- Wynn's equity contribution to the joint venture will rise to between $1.59 billion and $1.71 billion, CBRE Equity Research noted in a Wednesday report.
- Ras Al Khaimah reported record tourist arrivals in the first half of 2026, driven by a 47% increase in domestic visitors, keeping analysts bullish on the resort's outlook.
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CBRE: Wynn’s equity contribution to UAE project could reach US$1.71 billion following cost increase
The revised timeline and cost schedule for Wynn Resorts’ UAE integrated resort project Wynn Al Marjan Island will see the company’s own equity contribution to the project rise to between US$1.59 billion and US$1.71 billion, said CBRE Equity Research in a Wednesday note. As reported by Inside Asian Gaming, Wynn this week announced September 2027 as the planned opening date for Wynn Al Marjan Island, with the development having been slightly delay…
The opening of the first casino in the United Arab Emirates was postponed to September 2027 due to delays related to the war in the Middle East, announced the American company Wynn Resorts on Tuesday. The company's CEO, Craig Billings, said the conflict continues to affect the construction of the casino due to interruptions in the chain of global supplies and impacts on the movement of personnel. Inspired by Peter Pan: Mega Children's Park in ho…
The first casino in the United Arab Emirates delayed its opening until September 2027, due to delays related to the war in the Middle East, announced today the U.S. company Wynn Resorts. The company’s executive director, Craig Billings, said the conflict continued to affect the construction of the casino due to disruptions in the global supply chain and affectations on the movement of staff. Wynn Resorts operates casinos in Las Vegas and Boston,…
In October 2024, the American company obtained the first license to operate gambling casinos issued by the United Arab Emirates, where this practice is so far prohibited under Islamic law.
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