The opening is scheduled for 2026 and will be the first beach resort for Wynn Resorts.
It could be completely unrelated, but recent reports suggest Wynn Resorts plans to sell its online sports betting business. If it is related, perhaps the operator is giving up on the lucrative online sports wagering market to focus instead on even more lucrative integrated resorts.
Al Marjan Island is already a leading tourism location and sits only 15 minutes from Ras Al Khaimah International Airport, as well as 45 minutes from Dubai International Airport. It comprises four islands, regular visitors, and over 7.8km of beaches.
This new destination intends to feature a luxury hotel offering more than 1,000 rooms, shopping facilities, a state-of-the-art meeting and convention area, a spa, more than ten restaurants and lounges, entertainment options, a gaming area plus much more.
As the largest project of its kind in the Emirates' hospitality sector, it is believed substantial value will be added to the local economy by increasing tourism, and the development and demand for greater job opportunities.
Abdullah Al Abdooli, CEO of Marjan, said: "We are partnering with Wynn Resorts, one of the world's most renowned integrated resort companies, which has a strong track record of developing luxury destinations with exceptional accommodation, dining, entertainment concepts and gaming facilities.
"By leveraging Wynn Resorts' expertise in developing luxury hospitality destinations, the new development will raise the benchmark in luxury hospitality in the region. It will also create exceptional value to the Ras Al Khaimah economy and boost the leisure, business, and MICE tourism sectors."
The new resort is in the initial stages of design and development, and will be applying for an integrated resort licence from Ras Al Khaimah Tourism Development Authority.