TLDR
- Wynn Resorts has restarted construction on its Wynn Al Marjan Island resort in Ras Al Khaimah, UAE, after a short pause
- The pause came as the ongoing U.S.-Israeli conflict with Iran has disrupted business across the Middle East
- Wynn holds a 40% equity stake in the project, which is being built by affiliate Island 3 AMI FZ-LLC
- The conflict has closed UAE airspace and disrupted operations at Dubai and Abu Dhabi airports, affecting regional business
- Wynn expects the resort to open in Q1 2027; staff are permitted to work remotely if advised by their home embassies
Wynn Resorts (WYNN) restarted construction on its Wynn Al Marjan Island resort in Ras Al Khaimah, UAE, on Wednesday, March 11, 2026, following a brief halt.
The Las Vegas-based casino operator said it has put enhanced safety and security measures in place for all on-site workers. Employees have also been given the option to work from abroad if their home embassies recommend they do so.
The pause came as the U.S.-Israeli conflict with Iran continues to rattle the region. That conflict has shut down parts of UAE airspace and caused disruptions at Dubai International Airport and Abu Dhabi’s Zayed International Airport — two of the world’s busiest hubs.
Wynn holds a 40% equity stake in the project company, Island 3 AMI FZ-LLC, an unconsolidated affiliate that is leading the build. The resort is a key part of Wynn’s push into the Gulf region, where it secured the UAE’s first commercial gaming operator’s license back in 2024.
Despite the regional turbulence, Wynn said it is in regular contact with both U.S. and Ras Al Khaimah authorities. The company expressed confidence in the UAE’s defense posture and said local business conditions remain relatively normal.
Construction and Planning Continue
Design, development, and operational planning work are all continuing alongside the resumed construction. The project has not been shelved or delayed in terms of its planning pipeline.
Last month, Wynn said it expects the resort to open in the first quarter of 2027. There has been no update to that timeline in Wednesday’s announcement.
The Wynn Al Marjan Island resort is part of Wynn’s broader strategy to expand its luxury integrated resort footprint beyond Las Vegas and Macau.
Stock and Analyst Outlook
WYNN stock was down 0.27% on Wednesday. The most recent analyst rating on the stock is a Buy, with a $150.00 price target.
The company’s current market cap stands at $10.71 billion, with an average daily trading volume of around 1.59 million.
Shipping through the Strait of Hormuz has also been severely disrupted by the conflict, adding logistical pressure on businesses operating across the Gulf, including construction and supply chains tied to the Al Marjan project.
As of Wednesday, Wynn said the situation on the ground in Ras Al Khaimah is being monitored closely and that it remains in ongoing coordination with relevant authorities.
