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Ras Al Khaimah

2 stories · First covered Mar 30, 2026 · Latest May 10
Related: Wynn Resorts 2 United Arab Emirates 1 MGM Resorts International 1 Dubai 1 Craig Billings 1 Integrated Resort Development 1 Al Marjan Island 1 Project Risk Management 1 Construction Labor and Talent Pipeline 1 Insurance and Risk 1 Fitch Ratings 1 Wynn Ras Al Khaimah 1
Wynn Ras Al Khaimah
Al Marjan Island
Ras Al Khaimah Coverage
Wynn's $5.1 Billion RAK Resort Just Hit a Wall. And It's Not Construction.
Development Primary
May 10

Wynn's $5.1 Billion RAK Resort Just Hit a Wall. And It's Not Construction.

Wynn's mega-resort in Ras Al Khaimah went from $3.9 billion to $5.1 billion before a single guest checked in, and now geopolitical conflict is pushing the opening past its 2027 target. The "modest delay" language on the earnings call is doing a lot of heavy lifting for what's really happening on that island.

MS
Mike Storm 3 min read · May 10
Wynn Has $3.4 Billion in the Ground in a War Zone. Construction Continues.
Development Primary
Mar 30

Wynn Has $3.4 Billion in the Ground in a War Zone. Construction Continues.

Wynn evacuated part of its development team from the UAE after Iranian missile strikes, but the $5.1 billion Al Marjan Island project keeps building toward a 2027 opening. The question every casino resort operator should be asking isn't whether it opens... it's what happens to the insurance, the timeline, and the talent pipeline when your mega-project sits under an air defense umbrella.

MS
Mike Storm 3 min read · Mar 30