{"id":777015371,"date":"2024-05-09T08:39:58","date_gmt":"2024-05-09T11:39:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015371"},"modified":"2026-04-22T10:27:34","modified_gmt":"2026-04-22T13:27:34","slug":"wynn-resorts-to-invest-us900m-in-uae-ir","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-resorts-to-invest-us900m-in-uae-ir","title":{"rendered":"Wynn Resorts to invest US$900m in UAE IR"},"content":{"rendered":"\n

The casino operator is also eyeing Thailand.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Wynn Resorts’s chief executive Craig Billings\u00a0has estimated that the group will invest around US$900m in the construction of \u00a0Wynn Al Marjan Island<\/a>, the integrated resort (IR) it is developing in the United Arab Emirates (UAE).\u00a0He made the estimation during a conference call\u00a0on first-quarter earnings<\/a>.<\/p>\n\n\n\n

Billings said the total project budget is approximately US$4bn, with the allocated capital dependent on construction leverage. Wynn Resorts intends to contribute around 40 per cent of the equity, with the remaining portion financed through debt. The resort is expected to open to the public in early 2027.<\/p>\n\n\n\n

Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding. The Wynn Al Marjan Island will feature 1,542 rooms and suites, including 22 private villas in a new marina adjacent to the resort. There will be\u00a0beachside swimming and wading pools, water features and private cabanas.<\/p>\n\n\n\n

Alongside the UAE venture, Wynn Resorts is exploring potential opportunities in other regions, including New York City and Thailand.\u00a0In Thailand, the company is monitoring the regulatory landscape as the government explores the legalisation of casinos<\/a>\u00a0in designated entertainment zones.\u00a0<\/p>\n\n\n\n

As regards New York City, Wynn Resorts will be a contender for one of three downstate licences. \u201cDespite the elongation of the request-for-application submission process in New York, we remain intrigued by the prospect of a Wynn resort in Manhattan,\u201d Billings said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The casino operator is also eyeing Thailand.<\/p>\n","protected":false},"author":176,"featured_media":11336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Resorts' CEO Craig Billings estimates a US$900m equity investment in the US$4bn Wynn Al Marjan Island integrated resort in the UAE, slated for a 2027 opening. Concurrently, the operator is actively pursuing one of three downstate casino licenses in New York City and monitoring the evolving regulatory landscape for potential integrated resort development in Thailand.","focusai_entities":"Wynn Resorts, Craig Billings, Marjan, RAK Hospitality Holding","focusai_location":"United Arab Emirates, New York City, Thailand, Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"UAE IR Financing Structure","query":"How does the 40% equity contribution by Wynn Resorts, with the remainder financed through debt, impact the project's overall financial risk profile and potential returns for stakeholders, particularly given the 'construction leverage' mentioned?"},{"label":"NY Licensing Competition","query":"What specific competitive advantages or strategic differentiators does Wynn Resorts believe it possesses to secure one of the three highly coveted downstate licenses in New York City, especially given the 'elongation of the request-for-application submission process'?"}],"footnotes":""},"categories":[157,16338],"tags":[708],"class_list":["post-777015371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-wynn"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777015371"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015371\/revisions"}],"predecessor-version":[{"id":777015374,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015371\/revisions\/777015374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11336"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}