The development is the Company's first beachfront resort and is being built on an island of almost 62 hectares jutting into the Arabian Gulf. Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding. It is anticipated to be the first integrated gaming resort in the Middle East North Africa (MENA) region.
Operating revenues were $1.60 billion for the second quarter of 2023, an increase of $687.0 million from $908.8 million for the second quarter of 2022.
Operating revenues were $1.42 billion for the first quarter of 2023, an increase of $470.3 million, from $953.3 million for the first quarter of 2022.
Wynn Resorts, Limited (Nasdaq: WYNN) has named Thomas Schoen as President of Wynn Al Marjan Island, its new multi-billion-dollar integrated resort set to open in Ras Al Khaimah in the United Arab Emirates (UAE) in early 2027.
The Company also unveiled the design vision of its first-ever beachfront resort, which is inspired by the seascape of Al Marjan Island, a group of four islands. The resort is being developed with local partners Marjan LLC, and RAK Hospitality Holding LLC.
Operating revenues were $889.7 million for the third quarter of 2022, a decrease of $104.9 million, from $994.6 million for the third quarter of 2021.
Operating revenues were $908.8 million for the second quarter of 2022, a decrease of $81.3 million, from $990.1 million for the second quarter of 2021
Operating revenues were $953.3 million for the first quarter of 2022, an increase of $216.7 million, from $736.7 million for the first quarter of 2021.
Wynn Las Vegas (Nasdaq: WYNN) unveils details of a new room concept that will transform its luxury guest accommodations across Wynn Las Vegas and Wynn Tower Suites. Currently under construction and scheduled to be completed by June 2022, the project is the largest and most extensive design evolution ever made to the tower's 2,674 guest rooms, suites, elevator lobbies, and resort tower corridors.
Wynn Resorts (NASDAQ: WYNN) announced today that it has entered into a definitive agreement to sell all of the land and real estate assets of Encore Boston Harbor to Realty Income (NYSE: O) for $1.70 billion in cash, representing a 5.9% cap rate. Wynn Resorts will continue to operate the property.