WYNN · News · 20260804N
UAE Resort Cost Increase
WYNN RESORTS LTD · 2026-08-04 · Importance 52 · Surprise 42 · In source text
Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates, is now expected to open in September 2027 after a modest delay attributed to the Middle East conflict. The project’s construction budget increased by $600 million to approximately $5.7 billion. Higher material and shipping costs, extended construction timing, and capitalized interest contributed to the increase. Wynn remains committed to the integrated resort, with interior work progressing and hiring underway.
Key facts
- Wynn increased the Wynn Al Marjan Island project's construction cost by US$600 million to approximately US$5.7 billion, attributing the increase to material cost increases, shipping costs and capitalized interest from the extended timeline. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | committed | — | Wynn increased the Wynn Al Marjan Island project's construction cost by US$600 million to approximately US$5.7 billion, attributing the… |
| liability | negative | committed | — | Wynn increased the Wynn Al Marjan Island project's construction cost by US$600 million to approximately US$5.7 billion, attributing the… |