Wynn Al Marjan Island<\/a> is expected to be the first IR in the Middle East and North Africa (MENA) region. It will be Wynn\u2019s first beachfront resort. Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding. <\/p>\n\n\n\nThe 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 multiple swimming and wading pools, water features and private cabanas. Wynn Resorts\u2019s chief executive Craig Billings\u00a0estimated that the group will invest around US$900m in construction. The resort is expected to open in early 2027.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Fitch Ratings predicts economic growth of 6.2 per cent in 2024.<\/p>\n","protected":false},"author":176,"featured_media":8706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings has upgraded Ras Al Khaimah's (RAK) long-term foreign-currency issuer default rating (IDR) to 'A+' from 'A', forecasting robust economic growth of 6.2% in 2024. This growth is significantly supported by investment in master plans, including the Wynn Al Marjan Island integrated resort, which will feature the MENA region's first casino. Wynn Resorts, in partnership with Marjan and RAK Hospitality Holding, is investing approximately US$900m in the project, slated for an early 2027 opening.","focusai_entities":"Fitch Ratings, Ras Al Khaimah, Wynn Resorts, Marjan, RAK Hospitality Holding, Craig Billings","focusai_location":"United Arab Emirates, Ras Al Khaimah, Middle East and North Africa","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.85), operator_casino (0.95), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework Evolution","query":"What specific B2C licensing and regulatory compliance frameworks are being developed by Ras Al Khaimah to govern the integrated resort's casino operations, and how do they compare to established jurisdictions?"},{"label":"Capital Allocation Impact","query":"How will Wynn Resorts' estimated US$900m capital expenditure for the Al Marjan Island project impact its overall balance sheet and projected return on invested capital (ROIC) given the 2027 opening timeline?"}],"footnotes":""},"categories":[163,158,16333],"tags":[23907,708],"class_list":["post-777015761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-land-based-casino","tag-wynn"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015761","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=777015761"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015761\/revisions"}],"predecessor-version":[{"id":777015772,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015761\/revisions\/777015772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8706"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}