Wynn Reserves Land for Second Casino Resort in Ras Al Khaimah

Ras Al Khaimah, UAE – September 9, 2025 - Wynn Resorts and its partners have earmarked land for a second integrated resort on Al Marjan Island, signaling further expansion beyond their flagship development, according to a shareholders’ agreement revealed via the U.S. Securities and Exchange Commission.

Strategic Expansion on Al Marjan Island

Under the agreement, dated June 21, 2024, and made public earlier this year, several development plots are identified:

• A “Second Integrated Resort Plot”, covering 593,870 sq ft of existing land, with an additional 892,306 sq ft earmarked for reclamation, bringing the total to nearly 1.5 million sq ft. Should a casino be built on this site, Wynn or one of its affiliates will be the sole operator.
• A “Janu Plot”, approximately 542,680 sq ft (existing plus reclaimed), potentially aligned with the Janu hotel chain, a sister brand of Aman Group, in which Mubadala has a stake. The agreement, however, does not specify its intended use.
• A “Luxury Hotel and Apartments Plot”, consisting of 439,190 sq ft of existing land plus 254,653 sq ft to be reclaimed.

Watch: Wynn Al Marjan Island: UAE’s First Casino Resort Prepares for 2027 Launch

A Wait-and-See Approach

Regarding the second integrated resort plot, Michael Weaver, Chief Communications Officer at Wynn, emphasized that “no decisions would be made on plans for the second plot until after the opening of its first property in 2027.” The primary focus remains on the development of Wynn Al Marjan Island, the Gulf’s first legal casino resort, slated to open in 2027.

Meanwhile, the agreement includes provisions for a potential public listing, which could involve converting the company into a public joint stock company, restructuring under a new holding entity, or merging with related infrastructure firms. Weaver reiterated that no decision on an IPO has been made.

Non-Compete Clause and Regional Strategy

To protect the joint venture, Wynn and its affiliates are prohibited from opening any other Wynn-branded hotel, casino, or residential property in the GCC for 10 years after the launch of Wynn Al Marjan Island, unless there’s agreement from the other shareholders. Despite this restriction, Weaver affirmed: “There is a significant opportunity in Ras Al Khaimah to power the company’s growth in that region and the non-compete will not impede the company’s growth globally.”

With exclusive operating rights, Wynn could cement its leadership in the emerging UAE gaming and integrated resort sector.

Read more: Wynn Al Marjan Island, UAE's First Casino Resort Progresses Rapidly