Wynn Resorts has announced plans for its first development on the land bank alongside its US$5.1 billion Wynn Al Marjan Island integrated resort in the UAE – a luxury hotel and residential estate called Janu Al Marjan Island comprising 132 hotel rooms and a limited number of residence and standalone villas.
To be brought to life by Ama Group, Janu Al Marjan Island will be owned by the same joint venture entity that is developing Wynn Al Marjan Island, of which Wynn Resorts holds a 40% stake. Local partners Marjan LLC and RAK Hospitality Holdings LLC hold the remaining 60%.
Expecting to contribute between US$25 million and US$50 million to the Janu Al Marjan Island project, Wynn said the development would be managed by the onsite Wynn Al Marjan Island team and should provide a further boost to earnings given the “recent success of condo sales in the UAE” and the high quality of resident it expects to snap up the opportunity.
“Beyond the standalone merits of the transaction, we also expect Janu’s high quality customers will be additive to Wynn Al Marjan Island,” said Wynn Resorts CEO, Craig Billings. “With the Marjan land bank we have significant additional long term development opportunities in the UAE.”
Billings also revealed that concrete is being poured for the final two floors of Wynn Al Marjan Island with top out of the tower expected by December. The project remains on track for a 2027 launch with the Wynn CEO confirming to analysts during the company’s 3Q25 earnings call overnight that it had already begun marketing the property to VIPs.
“The entire senior management team is already on board at Wynn Al Marjan Island and that includes key marketing leaders, so you should assume that, as is the case when you’re opening a property in a region like this, that one to one marketing and player engagement has been going on for quite some time,” he said.
“Mass marketing and mass communication you obviously roll out much closer to the actual opening because to create awareness at this point, you’re so far from consideration and conversion that it really doesn’t do you much good.
“But we are we are actively marketing to the folks that we want in the building on a one-to-one basis and you should expect to see a lot more on the mass marketing side as 2026 progresses.”
Asked about early read-throughs from Wynn’s recent acquisition of the former Aspinall’s casino in Mayfair, London from Crown Resorts, Billings said, “Mayfair has been very interesting with an extremely high overlap between the Mayfair database and the database that we expect in that part of the world.
“We’ve learned a whole lot around game preference, reinvestment expectations and the competitive dynamics in other parts of that region, and it’s really been very, very instructive to what we’re going to do in Wynn Al Marjan Island.”
Billings also reiterated his bullishness on the potential of Wynn Al Marjan Island, which will upon opening be the UAE’s only casino resort.
“We look forward to showcasing what we believe is the most compelling development opportunity in the industry,” he said. “With no competing operations announced to date, Wynn Al Marjan Island will be the only integrated resort in what many analysts are predicting will be a US$5 billion GGR-plus market. Our future continues to be bright. The opening of Wynn Al Marjan Island and the free cash flow inflection that will bring gives us confidence that our best days lie ahead.
RelatedPosts
