Wynn Resorts Spent $741.1 Million for Wynn Al Marjan Island

Wynn Resorts has contributed $58.2 million to the 40%-owned joint venture that is constructing the Wynn Al Marjan Island development in Ras Al Khaimah in the UAE during second quarter of 2025, bringing the life-to-date cash contributions to the project to $741.1 million.

Wynn Al Marjan Island is currently expected to open in 2027, The resort is being developed with local partners Marjan LLC, and RAK Hospitality, the US-based company said on Thursday, while announcing its Q2 results of this year.

Once completed in 2027, Wynn Resorts will have a 40% stake in the $3.9 billion project, which will be the UAE’s first international casino in 2027.

The company said that operating revenues were $1.74 billion for the second quarter of 2025, an increase of $4.9 million from $1.73 billion for the second quarter of 2024. Net income attributable to the company was $66.2 million for the second quarter of 2025, compared with net income attributable of $111.9 million for the second quarter of 2024.

The diluted net income per share was $0.64 for the second quarter of 2025, compared to diluted net income per share of $0.91 for the second quarter of 2024. Adjusted Property EBITDAR was $552.4 million for the second quarter of 2025, compared with Adjusted Property EBITDAR of $571.7 million for the second quarter of 2024.

Wynn Al Marjan Project

Wynn Resorts Limited CEO Craig Billings said that the second quarter results evidenced continued strength across their business and were distinguished by a new second quarter record for Adjusted Property EBITDAR in Las Vegas.

“In Macau, while VIP hold negatively impacted results, we generated healthy market share and significant free cash flow, supporting our continued investment in the Macau properties and our dividend program,” he said.

At the same time, the company was making progress towards the completion of Wynn Al Marjan Island project in the UAE, where it was pouring the 61^st floor of the tower, having finalised key food and beverage partnerships, and agreed to key terms with a number of high-profile retail tenants, he added.

Wynn Resorts, Limited has also announced that its Board of Directors has declared a cash dividend of $0.25 per share, payable on 29 August 2025 to stockholders of record as of 18 August 2025.

Individual location results showed that revenues from Wynn Palace in Macau were down $8.4 million, Wynn Macau up $6.5 million, Las Vegas operations were up $10 million and Boston’s Encore was up $3.1 million.