Las Vegas-based hotel and casino operator Wynn Resorts, Marjan and RAK Hospitality Holding have announced a multibillion-dollar resort on the man-made Al Marjan Island in Ras Al Khaimah, United Arab Emirates.
Al Marjan Island is around 15 minutes from the Ras Al Khaimah International Airport and 45 minutes from the Dubai International Airport.
Comprising four islands, Al Marjan Island has more than 7.8 kilometres of beaches and 23 kilometres of waterfront in addition to hotels and residential developments.
Al Marjan Island spans an area of 2.7 million sqm of reclaimed land extending into the Arabian Gulf.
The new integrated resort on one of the exclusive islands, which covers an area of almost 250,000 sqm, will offer views of the Arabian Gulf as well as sandy beaches and a marina.
The development is, notably, the first beach resort developed by Wynn Resorts globally.
"Al Marjan Island is a pristine setting and an ideal greenfield location for us to create the one-of-a-kind guest experiences for which Wynn Resorts is renowned. The region offers tremendous potential for the hospitality and tourism industry, and we are excited about the prospect of developing an integrated resort in Ras Al Khaimah,” said Craig Billings, newly-appointed CEO of Wynn Resorts.
The current scope includes a 1,000+ room hotel, high-end shopping mall, a state-of-the-art meeting and convention facility, an exclusive spa, more than 10 restaurants and lounges, a wide array of entertainment choices, a gaming area, and other amenities.
The integrated resort will be developed with significant foreign direct investment by Wynn Resorts and accelerate the local economy by creating jobs.
The resort is set to be completed in 2026, according to a press release that went out on Tuesday (Jan. 25).
Gaming facilities included
The project comes as the emirate’s Ras Al Khaimah Tourism Development Authority (RAKTDA) formed a new division to regulate what it called “integrated resorts,” which are set to include gaming facilities, Bloomberg reports.
Gambling is controversial in the Muslim world. However, the new government authority will set rules for “licensing, taxation, operational procedures, and consumer safeguards” needed to regulate gaming in resorts.
“The foremost priority of this new division is to create a robust framework that will ensure responsible gaming at all levels,” the RAKTDA told Bloomberg.
The property is in the initial stages of design and development and will be applying for an integrated resort licence from the RAKTDA.