{"id":777036233,"date":"2025-12-17T11:49:49","date_gmt":"2025-12-17T14:49:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777036233"},"modified":"2026-04-21T15:52:30","modified_gmt":"2026-04-21T18:52:30","slug":"wynn-al-marjan-set-to-be-wynn-resorts-biggest-fee-contributor-says-cbre","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-al-marjan-set-to-be-wynn-resorts-biggest-fee-contributor-says-cbre","title":{"rendered":"Wynn Al Marjan could be Wynn Resorts\u2019 biggest fee generator, CBRE says"},"content":{"rendered":"\n

Analysts believe that Wynn Al Marjan Island will thrive as the only casino licence holder for years, appealing to a lucrative blend of gaming and non-gaming patrons.<\/p>\n\n\n\n\n\n\n\n

United Arab Emirates.-\u00a0Analysts at CBRE Equity Research predict that Wynn Al Marjan Island<\/strong> could eventually become Wynn Resorts’ largest fee payer. Colin Mansfield <\/strong>and Connor Parks <\/strong>say the project could generate between US$1bn <\/strong>and US$1.66bn<\/strong> in annual gross gaming revenue and\u00a0free cash flow of over US$300m.<\/p>\n\n\n\n

Wynn Resorts holds a 40 per cent equity stake<\/strong> in Wynn Al Marjan Island<\/a>, which is being built on a man-made island in Ras Al Khaimah<\/strong>. It will also earn management and licensing fees through its arrangement with Marjan LLC <\/strong>and RAK Hospitality Holding LLC<\/strong>.<\/p>\n\n\n\n

The analysts noted: \u201cThe licence and management fees should flow directly to the parent entity, bypassing subsidiaries that have their own debt service and capex needs. Therefore, it is 100 per cent accretive to Wynn Resorts\u2019 ability to fund shareholder returns.\u201d <\/p>\n\n\n\n

Wynn Resorts expects Ras Al Khaimah to generate adjusted EBITDA of at least US$465m based on a forecast of US$160m<\/strong> in management and licence fees and a US$100m share<\/strong> of annual free cash flow. <\/p>\n\n\n\n

Wynn says its on track to open the complex in Q1 2027. On Monday, it celebrated the topping out of the project<\/a>, with construction now at the 70th floor of the hotel tower. The venue has been awarded a 15-year renewable casino licence.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Wynn Al Marjan forecasts strong position in a $3\u2013$5bn gaming market<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Analysts believe that Wynn Al Marjan Island will thrive as the only casino licence holder for years, appealing to a lucrative blend of gaming and non-gaming patrons.<\/p>\n","protected":false},"author":2395,"featured_media":777015275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CBRE Equity Research analysts project Wynn Al Marjan Island, set to open in Q1 2027 in Ras Al Khaimah, UAE, could generate US$1bn-US$1.66bn in annual Gross Gaming Revenue (GGR), positioning it as Wynn Resorts' largest fee payer. Wynn Resorts, holding a 40% equity stake and earning substantial management and licensing fees, anticipates significant adjusted EBITDA and free cash flow from this venture, which benefits from a 15-year renewable exclusive casino licence. This project is expected to be highly accretive to Wynn Resorts' shareholder returns.","focusai_entities":"Wynn Al Marjan Island, Wynn Resorts, CBRE Equity Research, Colin Mansfield, Connor Parks, Marjan LLC, RAK Hospitality Holding LLC","focusai_location":"United Arab Emirates, Ras Al Khaimah","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Market Share Impact","query":"Given the projected US$1bn-US$1.66bn GGR for Wynn Al Marjan Island, what is the anticipated market share within the broader $3-$5bn UAE gaming market, and how might this influence future regulatory expansion or competitive entry?"},{"label":"Fee Structure Sustainability","query":"How sustainable are the management and licensing fee structures for Wynn Resorts, particularly considering the 15-year renewable licence, and what are the key performance indicators for these revenue streams beyond initial GGR targets?"}],"footnotes":""},"categories":[28,16334],"tags":[25061,2054,24674],"class_list":["post-777036233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-asia-news","tag-casino-license","tag-revenue","tag-wynn-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036233","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777036233"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036233\/revisions"}],"predecessor-version":[{"id":777036237,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036233\/revisions\/777036237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777015275"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777036233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777036233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777036233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}