Wynn Al Marjan to generate up to 89% of revenue from gaming

An investor presentation outlines a short-stay visitation model.

United Arab Emirates.- Wynn Resorts has projected that 70 to 89 per cent of revenue at Wynn Al Marjan will come from gaming once the property is up and running steadily. The update, delivered during an investor tour in the UAE, signals a Macau-like operating model for the UAE’s first casino resort when it opens in early 2027.

The company expects the integrated resort to generate between US$1bn and US$1.7bn in annual gross gaming revenue. Its marketing strategy will focus on high-frequency, short-stay gamblers. Wynn estimates guest stays will average 1.2 nights, comparable to Macau and US regional markets, and visitors are projected to make an average of nearly three trips per year.

Despite the gaming-heavy focus, executives emphasised that the property is being built as a luxury resort first, noting its separation of casino access, 24 restaurants, leisure amenities and exclusive Enclave “hotel-within-a-hotel”. Only 4 per cent of total floor space – 225,000 square feet – will be dedicated to gaming, though that footprint is slightly larger than the casino floor at Wynn Las Vegas.

Wynn says 67 per cent of the US$5.1bn budget has been spent or contractually secured, with fixed-price procurement intended to minimise cost risk. The tower structure is complete, facade work is around 70 per cent finished and interior fit-outs are underway across nearly all rooms. Some 18,000 workers are on site daily, and the Wynn Bridge, the primary arrival point for guests, is scheduled to open in October 2026, it said.

Financial modelling provided to investors shows Wynn Al Marjan achieving annual EBITDAM of US$500m to US$800m after a typical three-year ramp-up. Wynn, holding a 40 per cent stake and an exclusive 15-year renewable casino licence, expects annual net revenue of roughly US$1.6bn, alongside management and licence fees of about US$160m per year.

Wynn and its partners also confirmed that a second casino-resort project is already planned on a neighbouring plot.

Land prices on Al Marjan Island are reported to have nearly tripled since Wynn’s arrival, and developers such as JW Marriott, Fairmont and Nikki Beach have bought surrounding plots. The emirate’s Vision 2030 plan includes more than US$35bn in infrastructure upgrades, from airport expansion to the development of an electric air-taxi corridor linking Dubai International Airport to Al Marjan by 2027.

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See also: Wynn buys land for possible second resort in UAW

An investor presentation outlines a short-stay visitation model. United Arab Emirates.- Wynn Resorts has projected that 70 to 89 per cent of revenue at Wynn Al Marjan will come from…