- Wynn Resorts Ltd (NASDAQ: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.
