Wynn Resorts’ Al Marjan Island Project: A Gaming-Centric Destination in the Middle East

Overview of Wynn Al Marjan Island Project

Wynn Resorts is set to introduce its Al Marjan Island development, slated to open in early 2027, marking a landmark as the first casino resort in the Middle East. Industry analysts predict that gaming will dominate the resort’s revenue, contributing up to 89% of its total income.

Gaming Revenue as the Key Driver

The property’s gross gaming revenue is projected to be around $1 billion per year, though this figure might be conservative, with estimates potentially reaching $1.66 billion. The company’s research highlights the resort’s strategic position to attract a wide customer base within a four-hour flight radius of 2.4 billion people, anticipating a market penetration rate of 0.04%.

The resort will offer 1,530 rooms and suites, complemented by 22 dining venues, lounges, a theater, nightclub, and a luxury spa. For gaming enthusiasts, the resort plans to feature 275 table games and over 2,000 gaming machines, making it a comprehensive entertainment hub.

Economic Impact on Ras Al Khaimah

Wynn Resorts foresees a higher demand for hotel accommodations than the current supply, planning to expand its offerings up to 2030. Currently, Al Marjan boasts about 7,472 hotel rooms, with projections indicating growth to 16,229 rooms by 2030.

Visitor numbers to Ras Al Khaimah, the emirate hosting the Wynn Al Marjan, are expected to increase steadily. Forecasts estimate 1.3 million visitors in 2024, rising to 5.3 million by 2030. Additionally, the resort is poised to become a center for innovation with the planned introduction of air taxis connecting Al Marjan to Dubai, anticipated to launch in 2027.