Effective from mid-2026, Wynn Resorts has appointed Craig Fullalove for the company’s new CFO position as part of a planned leadership transition within its finance function....
Wynn UAE to become the biggest contributor to Wynn Resorts
Wynn Al Marjan Island is speculated to become the largest driver of profits and free cash flow for the Wynn portfolio, generating over $1.66 billion in annual gross gaming revenue.
On December 15, 2025, Wynn confirmed another milestone in the construction process, announcing that the project was topped out. Just 27 months after foundation works began, the resort has reached its highest structural concrete point at 283 meters.
Wynn commented:
“This moment belongs to the people behind it. Together with our partners at Marjan and ALEC, along with the engineers, specialists, and teams working across the island, we’re building at an extraordinary pace and with precision. From the view at the top to the intensity of the work continuing below, momentum is unmistakable as we move toward welcoming guests in spring 2027.”
Wynn Resorts recently revealed that 67% of the total budget has either been spent or contractually secured. Wynn owns 40% of the UAE project, meaning the company is not the only one responsible for covering the $5.1 billion construction costs.
Annual property EBITDA between $500 million and $800 million is expected, with a project return between 9.8% and 15.7% and an equity return between 16.7% and 34.3%.
Wynn will be leveraging value from what’s already one of the most renowned gaming brands, as the UAE consortium will have the right to use Wynn’s intellectual property, like logos and trademarks.
Despite strong laws against gambling in the UAE, lottery operator Momentum has launched its online casino TrueWin, which offers slots, dealer tables, and sports betting.
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