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Did Wynn’s (WYNN) Al Marjan Construction Restart Quietly Redefine Its Middle East Expansion Narrative?
Wynn Resorts has restarted construction on its $5.1 billion Wynn Al Marjan Island project in Ras Al Khaimah, UAE, after a temporary security-related pause. This move reinforces Wynn’s expansion into the Middle East with a 40% stake, establishing the region’s first large-scale casino resort. The project, set for a spring 2027 opening, is considered a key growth catalyst for Wynn, though investors are still advised to monitor potential geopolitical risks and rising costs.