Published on: September 23, 2025, 11:46h.
Updated on: September 23, 2025, 11:46h.
- CEO of Marjan Properties anticipates Wynn casino hotel will boost annual visitors to 3.5 million by 2030.
- Should those tourists flock to the Wynn integrated resort, it could compete with Las Vegas’s standalone gaming establishments.
- Wynn Al Marjan Island has successfully reached the 61st floor, with an expected opening in 2027.
Wynn Al Marjan Island is poised to play a crucial role in attracting 3.5 million visitors annually to Ras Al Khaimah, where the casino hotel is under construction.
In a recent conversation with The Khaleej Times, Marjan Properties CEO Abdulla Al Abdouli stated that this establishment, the first of its kind in the Arab region, could greatly increase tourism in Ras Al Khaimah, which is a short flight from Dubai—the sixth-largest city in the UAE.
“The Ras Al Khaimah Tourism Development Authority is targeting over 3.5 million visitors by 2030. To reach this goal, we require additional hotel rooms and active participation from investors in the real estate sector, including hotels and apartments,” remarked Al Abdouli.
The Wynn Al Marjan Island project, characterized by a budget of $5.1 billion, will include 1,542 guest accommodations. Wynn Resorts is self-financing its 40% stake in this venture, collaborating with local partners Marjan LLC and RAK Hospitality Holding LLC.
Significant Potential for Wynn UAE Casino Visitations
Wynn Al Marjan Island, along with Ras Al Khaimah, is expected to benefit from its proximity to Dubai and the anticipation of securing a long-term monopoly on gaming in the UAE.
Considering the UAE’s substantial local wealth and the integrated resort’s accessibility—being within an eight-hour flight of a major portion of the global population—it is no wonder that as Wynn Al Marjan Island prepares to open, it is projected to be a key factor in boosting tourism for the emirate.
While attracting 3.5 million visitors is modest when compared to the over 41 million who visited Las Vegas last year, if a significant percentage of travelers to Ras Al Khaimah spend time at the Wynn property, annual visitation could eventually rival the numbers seen at individual resorts on the Las Vegas Strip. This scenario suggests a promising economic boost for the local area.
“To support this growth, we also need residential areas and apartment complexes. A multitude of businesses will emerge as a result. The resort is set to become a vital contributor to Ras Al Khaimah’s economy,” Al Abdouli shared with The Khaleej Times.
Wynn and its partners possess a large expanse of unused land adjacent to Wynn Al Marjan Island, which could potentially be developed into various expansion projects, including a second gaming venue, though such plans have not been confirmed yet.
Positive Forecast for Wynn UAE Casino
The investment sphere is taking notice of Wynn’s opportunity in the UAE. A report released last week by Stifel analyst Steven Wieczynski estimated that once Wynn Al Marjan Island begins operations in 2027, it could represent approximately 15% of the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA).
He further noted that the UAE property may be valued between $18 and $25 per share, indicating that Wynn’s current stock price may not fully account for potential contributions from the UAE.