Wynn Resorts and its partners have earmarked land for a second integrated resort in Ras Al Khaimah.
A shareholders’ agreement signed by Wynn Resorts, RAK Hospitality Holding and Al Marjan Island LLC outlines several development sites on Al Marjan Island in addition to the flagship Wynn property currently under construction.
The upcoming Al Marjan Island resort will include the Gulf’s first legal casino and is scheduled to open in 2027. The agreement also refers to a “Second Integrated Resort Plot,” a “Janu Plot,” a “Luxury Hotel and Apartments Plot,” and a wider “Land Bank,” all part of a broader masterplan.
The second resort site spans 593,870 square feet of existing land, with an additional 892,306 square feet set to be reclaimed, bringing the total to nearly 1.5 million square feet. If a casino is developed on this site, Wynn or its affiliates will operate it exclusively.
Plans for the second plot will be considered only after the first property launches in 2027. The Janu plot covers approximately 542,680 square feet of land and may reference the Janu hotel brand, a sister company of Aman Group. The Luxury Hotel and Apartments plot combines 439,190 square feet of existing land with 254,653 square feet of reclaimed land.
Wynn has emphasised that its UAE project remains a top priority, with construction progressing and a substantial land bank in place for future development.
The agreement also defines a process for a potential public listing, which could involve a restructuring into a public joint stock company, creating a new holding entity or merging with related infrastructure companies. However, no decision has been made regarding an IPO.
To safeguard the venture, Wynn and its affiliates are restricted from opening any other Wynn-branded hotel, casino or residential project within the GCC for 10 years following the launch of Wynn Al Marjan Island, unless approved by shareholders.
The company sees Ras Al Khaimah as a key growth driver in the region. Long-term ambitions are underscored by Wynn’s trademark registrations such as “Marjan Strip,” “Arabian Strip,” and “Encore Marjan Island,” hinting at future expansions modelled after global casino hubs.
The UAE’s gaming market is projected to generate between USD 3 billion and USD 5 billion annually, or around 1 percent of national GDP. Other forecasts suggest revenues could climb as high as USD 8.5 billion.
