• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 17 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Wynn completes Al Marjan Island resort financing via US$2.4 billion facility, said to be largest hospitality financing transaction in UAE history

Ben Blaschke by Ben Blaschke
Fri 7 Feb 2025 at 06:34
Wynn says UAE development contribution to total around US$900 million as Thailand opportunity looms large

A rendering of Wynn Al Marjan Island

71
SHARES
1.8k
VIEWS
Print Friendly, PDF & Email

Global casino operator Wynn Resorts has completed financing for its Wynn Al Marjan Island development in the United Arab Emirates after securing a US$2.4 billion construction facility with a global syndicate of lenders.

The secured term loan facility has been made available to Wynn Al Marjan Island FZ-LLC – a subsidiary of the joint venture firm of which Wynn owns 40% – and is denominated in a combination of AED and USD currencies, Wynn explained. The term of the loan is seven years at what it describes as a “competitive market interest rate” and is structured as a delayed draw facility to provide “significant financial flexibility” to the joint venture partners.

The bank syndicate is said to include a mix of globally recognized regional and international lenders, including Abu Dhabi Commercial Bank PJSC and Deutsche Bank AG as Joint Coordinators of the financing, and First Abu Dhabi Bank PJSC, Emirates NBD Capital Limited and The National Bank of Ras Al Khaimah as Initial Mandated Lead Arrangers, Bookrunners and Underwriters. Sumitomo Mitsui Banking Corporation DIFC Branch, Dubai acted as Lead Arranger while First Abu Dhabi Bank PJSC is acting as Agent and Security Agent for the lenders.

According to Wynn, the facility represents the largest hospitality financing transaction in the history of the UAE.

The company also provided a project update on Friday morning (Asia time), revealing that 64% of the structural concrete is now completed up to the 34th floor of the main resort tower and elevator cores extending to the 36th floor. The construction team is completing one floor per week, working toward a topping off in December of this year, it said.

Once complete, the US$5.1 billion Wynn Al Marjan Island resort will offer 1,542 rooms and suites, 22 restaurants, lounges and bars, a nightclub and beach club, luxury shopping promenade and signature Wynn spa and salon plus an extensive 39,000 square foot poolscape adjacent to the beach and a 145,000 square-foot meetings and events center.

At present, 1,226 rooms in the tower structure have been completed, Wynn revealed, with fit-out underway in 1,121 of those rooms including walls, floors and ceilings as well as all mechanical, electrical and plumbing services,

RelatedPosts

Wynn says UAE development contribution to total around US$900 million as Thailand opportunity looms large

Wynn said to have set aside plot for possible second integrated resort alongside current UAE casino project

Tue 9 Sep 2025 at 06:43
Filipino maintenance worker passes away in Wynn Palace work-related accident

Low VIP hold hurts Wynn Macau’s 2Q25 results as operating revenues hit US$883 million

Fri 8 Aug 2025 at 05:17
Konami’s Gaming & Systems revenue slightly down to US$122 million in six months through September

Konami Gaming granted Gaming-Related Vendor License by UAE regulator

Thu 24 Jul 2025 at 14:22
Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder granted Gaming-Related Vendor License in UAE

Sun 20 Jul 2025 at 07:33
Load More
Tags: financingRas Al KhaimahUAEUnited Arab EmiratesWynn Al Marjan IslandWynn Resorts
Share28Share5
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Melco’s Tokyo office raided by Public Prosecutor as Akimoto scandal deepens

Melco prices new notes offering at US$500 million

by Newsdesk
Wed 17 Sep 2025 at 06:16

Melco Resorts & Entertainment subsidiary Melco Resorts Finance Limited has priced its international offering of senior notes at US$500 million aggregate principal amount of 6.500% senior notes due 2033. The proceeds will be used to redeem all outstanding 5.250% senior...

Tinian senator puts forward bill to offer online gaming licenses

Chinese nationals launch legal action over alleged fraudulent use of investment funds assigned for Tinian casino projects

by Newsdesk
Wed 17 Sep 2025 at 05:34

A group of more than 20 Chinese nationals have filed a complaint with the Supreme Court of the State of New York alleging misrepresentation of investment opportunities connected to development projects in the Northern Mariana Islands (notably Tinian), the diversion...

The changing face of Macau

Melco to launch private hospital at Macau’s Studio City as part of 10-year non-gaming concession commitment

by Ben Blaschke
Wed 17 Sep 2025 at 05:06

Melco Resorts & Entertainment has unveiled plans to house a private hospital focused on imaging and diagnostic medical services at its Studio City integrated resort in Macau – part of the company’s commitment to invest in non-gaming attractions. Parent firm...

The 2023 Asian Gaming Power 50: Ones to watch

Hong Kong Stock Exchange deems Andrew Lo unsuitable to be director of LET Group or Summit Ascent due to attempted Tigre de Cristal sale

by Ben Blaschke
Tue 16 Sep 2025 at 15:14

The Stock Exchange of Hong Kong Ltd has imposed a Director Unsuitability Statement and a censure against Andrew Lo – the majority shareholder, Executive Director and Chairman of LET Group Holdings and Summit Ascent Holdings – deeming him unsuitable to...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English