Wynn Resorts has confirmed that its Wynn Al Marjan Island integrated resort in the United Arab Emirates will open in September 2027. The announcement coincides with the company’s financial disclosure for the second quarter of 2026.
During the quarter ending June 30, the operator generated $1.86bn in operating revenues, marking a $119.1m rise compared to the same period last year. Growth was driven primarily by Wynn Palace, which added $113.8m, alongside increases of $7.3m at Wynn Macau and $4.6m across Las Vegas properties. Encore Boston Harbor recorded a $6.4m decline.
Net income reached $140.1m, up from $66.2m, while diluted earnings per share rose to $1.32 from $0.64. Adjusted property EBITDAR totaled $568.3m, a $15.9m increase year over year.
UAE Development and Investment Update
Wynn Resorts contributed $48.1m in cash toward the Al Marjan Island joint venture during the quarter, bringing total life-to-date contributions to $1.06bn. The company holds a 40% ownership stake in the project. CEO Craig Billings attributed the financial results to steady demand across the portfolio, noting that construction on the UAE site is advancing quickly.Groundbreaking for the adjacent Janu Al Marjan Island hotel and residential complex took place in July. The financial figures and project timeline were disclosed in the company’s quarterly earnings report.