{"id":777022696,"date":"2025-02-07T09:16:50","date_gmt":"2025-02-07T12:16:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022696"},"modified":"2026-04-22T02:00:49","modified_gmt":"2026-04-22T05:00:49","slug":"loan-secured-for-wynn-al-marjan-island-uae-casino-development","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/loan-secured-for-wynn-al-marjan-island-uae-casino-development","title":{"rendered":"Loan secured for\u00a0Wynn Al Marjan Island UAE casino development"},"content":{"rendered":"\n

Wynn Resorts has obtained a\u00a0construction facility for Wynn Al Marjan Island from a global syndicate of lenders.<\/p>\n\n\n\n\n\n\n\n

United Arab Emirates.-\u00a0Wynn Resorts<\/strong>\u00a0has today (February 7) announced an agreement for a US$2.4bn\u00a0construction facility with a global syndicate of lenders to finance the development of\u00a0Wynn Al Marjan Island<\/a> integrated resort (IR).<\/p>\n\n\n\n

The loan was made available to Wynn Al Marjan Island FZ-LLC, a subsidiary of the joint venture in which Wynn holds 40 per cent. It is available in both AED and USD currencies and has a duration of seven years “at a competitive market interest rate.” The loan is structured as a delayed draw facility to provide flexibility. Wynn Resorts said it was “the largest hospitality financing transaction in the history of the\u00a0United Arab Emirates.”<\/p>\n\n\n\n

The bank syndicate includes regional and international lenders<\/strong>. Abu Dhabi Commercial Bank PJSC and Deutsche Bank AG acted as joint coordinators. They and First Abu Dhabi Bank PJSC, Emirates NBD Capital Limited, and The National Bank of Ras Al Khaimah,\u00a0acted as initial mandated lead arrangers, bookrunners and underwriters, and Sumitomo Mitsui Banking Corporation DIFC Branch,\u00a0Dubai acted as lead arranger. First Abu Dhabi Bank PJSC is acting as agent and security agent for the lenders.<\/p>\n\n\n\n

The company said construction has been progressing as expected, with 64 per cent of structural concrete now complete. The main tower has reached the 34th floor, with elevator cores extending to the 36th floor.<\/p>\n\n\n

\n
\"Photo
Wynn Al Marjan Island is expected to be the first IR in the Middle East and North Africa (MENA) region.<\/figcaption><\/figure>\n<\/div>\n\n\n

The IR will feature 1,542 rooms and suites. Some 1,226 rooms in the tower have been built \u2013 80 per cent of the total. The construction crew is finishing one floor each week, aiming to complete topping off by December of this year. Over the past 100 days, the resort tower has risen by approximately 140 feet.<\/p>\n\n\n\n

The IR will include 22 dining and social venues, a nightclub, a beach club, and a pool area covering 3.6 hectares, a shopping promenade spanning 15,000 square metres and a 7,500-square-metre meetings and events centre.<\/p>\n\n\n\n

In October, the company said the casino could generate a minimum of US$1.33bn in gross gaming revenue (GGR) annually. The gaming space will cover 225,000 square feet (20,903 square meters), 4 per cent of the gross floor area. The cost is estimated at US$5.1bn. Project costs alone will amount to US$4.6bn. Opening is expected for the first quarter of 2027<\/strong>.<\/p>\n\n\n\n

The General Commercial Gaming Regulatory Authority (GCGRA)<\/a> has not confirmed any other applicants for casino licences, but Wynn Resorts expects that two other resorts will be licensed, most likely in other emirates.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resorts has obtained a\u00a0construction facility for Wynn Al Marjan Island from a global syndicate of lenders.<\/p>\n","protected":false},"author":176,"featured_media":777011925,"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 has secured a US$2.4bn construction facility from a global syndicate for its Wynn Al Marjan Island integrated resort in the UAE, marking the the largest hospitality financing in the nation's history. This development, expected to open in Q1 2027, will be the MENA region's first IR featuring gaming, with an anticipated annual GGR of US$1.33bn from its 225,000 sq ft casino. Construction is progressing, with 64% of structural concrete complete, underscoring significant capital deployment in a nascent regulated gaming market.","focusai_entities":"Wynn Resorts, Wynn Al Marjan Island FZ-LLC, Abu Dhabi Commercial Bank PJSC, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Emirates NBD Capital Limited, The National Bank of Ras Al Khaimah, Sumitomo Mitsui Banking Corporation DIFC Branch, General Commercial Gaming Regulatory Authority (GCGRA)","focusai_location":"United Arab Emirates, Abu Dhabi, Ras Al Khaimah, Dubai, Middle East and North Africa (MENA)","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GCGRA Licensing Timeline","query":"What specific regulatory milestones and licensing frameworks are anticipated from the GCGRA for the additional integrated resorts expected to be licensed in other Emirates, and how might this impact market entry timelines for other operators?"},{"label":"Capital Structure Implications","query":"Given the US$2.4bn delayed draw facility and the US$5.1bn total project cost, what are the projected debt-to-equity ratios and capital expenditure phasing for Wynn Al Marjan Island, and how does this influence the joint venture's long-term financial leverage?"}],"footnotes":""},"categories":[28,16334],"tags":[23632,708,24472],"class_list":["post-777022696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-asia-news","tag-integrated-resorts","tag-wynn","tag-wynn-al-marjan-island"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022696","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=777022696"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022696\/revisions"}],"predecessor-version":[{"id":777022706,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022696\/revisions\/777022706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011925"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}