Wynn has announced the exact opening date for its casino in the UAE

Shares in Wynn Resorts climbed in after-hours dealing once the operator posted second-quarter numbers ahead of expectations and, for the first time, put a concrete date on the launch of its Emirati resort. The Wynn Al Marjan Island development, now carrying a price tag of roughly $5.7 billion, up from the earlier $5.1 billion projection, is scheduled to receive its first visitors in September 2027. Alongside the announcement, the operator also disclosed fresh figures on how much capital it has committed to the venture so far.

Wynn Al Marjan Island will be the first legal gambling venue in the history of the Middle East. The project has long been under close scrutiny from investors due to geopolitical tensions in the region, and the announcement of a specific date should allay some of these concerns.

How the conflict affected construction

At the start of the conflict, Iranian forces carried out strikes on targets within the UAE, including two major resorts. As a result, Wynn was forced to temporarily suspend construction at the site.

Wynn’s Chief Executive, Craig Billings, stated that, together with its partners in Ras Al Khaimah, the company is pleased to announce the exact date on which Wynn Al Marjan Island will open its doors to guests.

How much has the company already invested in the project?

Wynn owns a 40% share of the joint venture behind the resort’s construction. During the second quarter of 2026, it contributed a further $48.1 million to the project, taking its cumulative funding since building work started to $1.06 billion.

How did the company perform in the second quarter?

Earnings per share stood at $1.24 on revenue of $1.86 billion, whilst analysts had expected $0.98 per share on revenue of $1.83 billion.

Against the backdrop of a challenging period for Macau’s casinos, both of Wynn’s properties in the region posted revenue growth for the quarter. EBITDAR at Wynn Palace rose by approximately $44 million, offsetting a decline of $1 million at Wynn Macau. In Las Vegas, revenue rose by $4.6 million to $643.2 million, whilst EBITDAR fell to $215.2 million from $234.8 million a year earlier. Revenue at Encore Boston Harbor declined slightly, while EBITDAR fell more sharply.