Wynn Resorts announced a significant delay and cost increase for its Ras Al Khaimah casino resort project in the United Arab Emirates. The company pushed back the opening timeline by approximately six months, with the property now expected to launch in September 2027 rather than the first quarter of 2027. This represents an adjustment from an earlier “modest delay” that CEO Craig Billings had mentioned during the company’s May update.
The project budget has expanded to approximately $5.7 billion, reflecting a $600 million increase from previous estimates. According to Billings, who disclosed the figures during the company’s second-quarter earnings call, roughly half of the additional costs relate directly to geopolitical factors, including elevated shipping and insurance expenses, as well as rerouting or expediting of materials and equipment. The remainder of the cost overrun stems from broader supply chain and shipping disruptions.
Wynn Al Marjan Island is designed to be the UAE’s first integrated gaming resort. The facility is planned to feature 1,530 hotel rooms along with 22 restaurants and additional amenities. Despite the delays and increased spending, leadership has maintained commitment to the development, with Billings characterizing the project as a valuable market opportunity worth the additional investment required to complete construction.
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