Wynn Resorts will break ground on its project in the United Arab Emirates in the next week, CFO Julie Cameron Doe said at the JP Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum.
Wynn is an equity partner and has a management contract to operate the $2bn development with local partners RAK Hospitality and Marjan Properties.
The casino will be located on Marjan Island off the coast of Ras Al Khaimah and is expected to have 1,000 luxury hotel rooms, a minimum of 10 restaurants and convention space. An opening is targeted for 2027.
Source: Fantini's Gaming Report