Investment in Wynn Al Marjan Island Reaches $1.12 Billion

Wynn Resorts made a cash contribution of $62.2 million in the third quarter to the Wynn Al Marjan Island project it is building in the UAE through a joint venture in which it holds a 40% stake. With this payment, total cash contributions to the project reached $1.12 billion. The resort is currently expected to open in September 2027.

CEO Craig Billings said construction is progressing quickly, finishing work is ongoing across the resort, and interior fit-out has begun in all guest rooms. Billings said hiring and operational planning ahead of the opening are going well. He acknowledged the uncertainty in the region but said he believes in the resilience and adaptability of the UAE.

Wynn reported an 80% decline in third-quarter revenue. Billings described the quarter as a difficult period in which the wind was blowing in the company's face rather than at its back.

Revenue from Las Vegas operations in the third quarter was $575.2 million. This figure fell by $45.8 million compared with $621 million in the third quarter of 2025. Encore Boston Harbor generated $194.7 million in revenue, while Wynn Macau generated $335.4 million.

Billings said demand remains healthy at the Las Vegas and Macau properties despite slowing market conditions. He also noted that the table game hold rate in Las Vegas fell outside the expected range. Billings said the strike in Boston, which began in September, has been managed successfully by the team, and the guest experience has been maintained without disruption.