Latest news with #WynnAlMarjanIsland
Gulf Insider
27-04-2025
- Business
- Gulf Insider
UAE Casino: Wynn Al Marjan Jobs Live Ahead of 2027 Opening
In another step toward the highly anticipated debut of Wynn Al Marjan Island, the luxury hospitality brand has officially launched its careers page, opening the first wave of roles for the integrated gaming resort set to open in Ras Al Khaimah in 2027. Available now at the portal invites prospective candidates to join the 'Wynn family.' The roles span across various disciplines, from food and beverage and hotel operations to entertainment and wellness. It invites candidates to join the team behind what will be the UAE's first resort to feature gaming facilities. The careers page emphasises that new hires will help deliver the 'Wynn feeling' as the brand expands into the region for the first time. Arabian Business is among the first publications to given early access to exclusive details about Wynn Al Marjan Island. Senior executives, including Michael Weaver, Chief Communications and Brand Officer at Wynn Resorts, shared insights into the design, service philosophy, and unique features that will set the Ras Al Khaimah resort apart. The leadership team provided an early look at how the project is shaping up to redefine luxury hospitality in Ras Al Khaimah, highlighting new design details, service standards, and what visitors can expect when Wynn opens its first property in the region. On track for its opening in 2027, Wynn Al Marjan Island is moving quickly through critical planning stages, Weaver said, 'The nuts and bolts of how you're really going to run things, the decisions need to be made now and they need to make them when they can think about it and be thoughtful and really make the right calls. You don't want to do it six months before you open.' Job openings on the career website include positions including Manager Travel Industry Sales, Executive Director of Technical Operations, Procurement Analyst and more. 'It's early, yes. but on the day it opens, it has to be perfect.' he affirmed. Wynn Resorts Limited recently announced that Wynn Al Marjan Island has secured a $2.4 billion construction loan facility with a syndicate of global and regional banks to finance the development of the UAE's first casino resort. The facility, made available to Wynn Al Marjan Island FZ-LLC, a subsidiary of the 40 percent-owned joint venture, is structured across both AED and USD currencies, aligning with the majority of project expenditures expected in dirhams. The seven-year term loan is structured as a delayed draw facility, providing significant financial flexibility to the joint venture partners. The transaction marks the largest hospitality financing deal in UAE history, backed by lenders including Abu Dhabi Commercial Bank, Deutsche Bank, First Abu Dhabi Bank, Emirates NBD, National Bank of Ras Al Khaimah, and Sumitomo Mitsui Banking Corporation.
Khaleej Times
24-04-2025
- Business
- Khaleej Times
UAE jobs: Wynn Al Marjan announces vacancies, career page goes live
Wynn Al Marjan, an integrated gaming resort coming up in Ras Al Khaimah, has announced vacancies as its career page went live ahead of the opening of the landmark property in 2027. Currently, it has listed seven vacancies, but as the hotel progresses towards completion more openings will be announced. As of Thursday, it listed jobs for executive director of technical operation, procurement analyst, IT application support analyst, compensation and benefits manager, contract services administrator, contract services manager and talent acquisition recruiter. 'We are building something extraordinary — and looking for exceptional people to be part of it. Wynn Al Marjan Island's career site is now live. If you are ready to help shape the region's most anticipated destination, this is where it begins,' it said. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Upon completion in early 2027, the $3.9 billion Wynn Al Marjan will feature 1,542 rooms and suites, a hotel, villas, a shopping mall, a meeting and convention facility, a spa, over 20 restaurants and lounges, 225,000sqft of gaming area and a wide variety of entertainment choices including a night club and a beach club and other amenities. Industry executives estimate that typically a hotel requires 1.2-1.5 employees per room to operate the facility — depending on the luxury level and amenities. Since, Wynn Al Marjan will have a huge gaming area and other facilities, it will require many more employees to run the operation smoothly at the uber-luxury property. Ras Al Khaimah's hospitality and real estate markets have seen massive attention following the announcement of Wynn Al Marjan. The northern emirate has set an ambitious target to attract 3.5 million tourists by 2030. It has currently 8,000 hotel keys and hopes to increase them to 16,000-20,000 to meet growing demand from residents and foreign tourists. In October 2024, Wynn Resorts was awarded the UAE's first commercial gaming operator's licence by the General Commercial Gaming Regulatory Authority (GCGRA). The Las Vegas-based casino firm is building Wynn Al Marjan Island as the first integrated gaming resort in the Middle East and North Africa (MENA) region. Terming it a 'must-see' destination, Craig Billings, CEO of Wynn Resorts, said in the annual report that they have deployed a 'creative team at Wynn Design and Development in full force, with a particular focus on Wynn Al Marjan Island.' Construction of the property is progressing at a fast pace with one floor being added per week. The construction reached the 38th floor in March. 'We made solid progress on Wynn Al Marjan Island in 2024 and expect to top off construction at the end of this year. We have a strong and experienced management team on the ground,' said Billings. Employee benefits Wynn Al Marjan said on its website that it understands 'the importance of providing exceptional staff housing to foster a supportive and inspiring work environment' and aims to provide 'a home away from home.' The Wynn employee campus will accommodate teams from up to 95 countries. The campus will have a variety of lounges to relax; a TV and media room to enjoy downtime and catch the latest Netflix series; a snooker table and arcade games for recreation; an all-day open employ dining that offers international cuisines; and a comprehensive transport option for all employees. The transport buses — with WiFi — will shuttle staff to and from the hotel, it said.
Zawya
13-02-2025
- Business
- Zawya
Ras Al Khaimah's real estate market surges by nearly 118% in 2024
Ras Al Khaimah, UAE: According to the latest statistics from Ras Al Khaimah Municipality, the emirate's real estate market has witnessed a record-breaking surge, with total transactions soaring to AED 15.08 billion in 2024—a remarkable 118% increase from AED 6.94 billion in 2023. This unprecedented growth underscores Ras Al Khaimah's rising appeal among investors and homebuyers, further solidifying its position as one of the UAE's most promising real estate markets. The surge in transactions reflects the emirate's continued transformation into a hub for high-end yet accessible real estate, offering a unique blend of luxury, affordability, and long-term investment potential. With its prime waterfront developments, strategic infrastructure projects, and expanding entertainment offerings—including the much-anticipated Wynn Al Marjan Island—Ras Al Khaimah is attracting both global and regional investors seeking high-yield opportunities. Commenting on the remarkable market performance, Andrei Charapenak, CEO of Major Developers said: ' The extraordinary growth in real estate transactions in Ras Al Khaimah is a testament to the emirate's evolution into a top-tier investment destination. As an early believer in Ras Al Khaimah's potential, Major Developers continues to shape its future by delivering premium waterfront projects that align with the emirate's vision for sustainable and high-value real estate. In 2024 we have witnessed a surge in demand confirming that investors and homebuyers alike recognize the unique opportunities this market offers, and we remain committed to delivering world-class developments that maximize long-term returns.' Beyond real estate, Ras Al Khaimah continues to evolve as a major lifestyle and tourism destination. The emirate's expanding hospitality sector, bolstered by upcoming world-class resorts, enhanced air connectivity, and sustainable urban planning, has amplified its appeal to global visitors and residents alike. Projects such as Al Marjan Island—home to some of the most sought-after waterfront residences in the UAE— are seeing heightened demand, with investors eyeing strong rental returns ahead of the Wynn Resort's grand opening. Major Developers, at the forefront of this transformation, is actively contributing to the emirate's growth by introducing innovative residential and mixed-use projects that cater to both end-users and investors. With its exceptional quality of life, investor-friendly regulations, and high rental yields, Ras Al Khaimah has cemented itself as one of the UAE's most dynamic real estate markets. As demand continues to rise, real estate developers across the emirate are dedicated to creating landmark developments that redefine modern waterfront living and investment potential.
Zawya
10-02-2025
- Business
- Zawya
UAE: $2.4bln financing for Wynn Al Marjan Island completed
Wynn Resorts Limited (WYNN) has announced that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of Wynn Al Marjan Island, the first integrated resort in the UAE. Wynn Al Marjan Island is located 50 minutes from Dubai International Airport in the emirate of Ras Al Khaimah. The project is expected be completed in 2027. The secured term loan facility, made available to Wynn Al Marjan Island FZ-LLC, which is a subsidiary of the 40%-owned joint venture, is denominated in a combination of AED and USD currencies, reflecting the bulk of the expected development expenditures to be incurred in AED, Wynn Resorts said. The term of the loan is seven years at a competitive market interest rate and is structured as a delayed draw facility which provides significant financial flexibility to the joint venture partners. This landmark transaction represents the largest hospitality financing transaction in the history of the UAE, it said. The bank syndicate includes a mix of globally recognised regional and international lenders. Abu Dhabi Commercial Bank and Deutsche Bank AG acted as Joint Coordinators of the financing. The joint coordinators as well as First Abu Dhabi Bank, Emirates NBD Capital Limited, and The National Bank of Ras Al Khaimah acted as Initial Mandated Lead Arrangers, Bookrunners and Underwriters, and Sumitomo Mitsui Banking Corporation DIFC Branch, Dubai acted as Lead Arranger. First Abu Dhabi Bank PJSC is acting as Agent and Security Agent for the lenders. Project construction is proceeding well with 64% of the structural concrete completed up to the 34th floor of the main resort tower and elevator cores extending to the 36th floor. The construction team is completing one floor per week, working toward a topping off in December of this year. In the last 100 days, the resort tower has grown approximately 140 ft. The resort will offer 1,542 rooms and well-appointed suites. To date, 1,226 guest rooms in the tower structure have been completed, or 80% of the total. The exterior façade window glazing is progressing with 2,840 of 13,734 panels completed, which is more than 20% of the total. Fit out is underway in approximately 1,121 rooms – including walls, floors, and ceilings, as well as all mechanical, electrical, and plumbing services. In the low-rise portion of the building, the concrete and steel structures are a combined 70% complete. Exterior facades and interior fit out have commenced. Elevator and escalator installation across the property is also progressing, the company said. Overlooking its own beautiful white sand beach with views of the Arabian Gulf and the distant Hajar Mountains, Wynn Resorts is developing the resort in partnership with Marjan and RAK Hospitality Holding. Wynn Design and Development is overseeing all facets of the project's design and construction. Wynn Al Marjan Island will have 22 restaurants, lounges and bars, as well as a nightclub and beach club. Guests will enjoy a luxury shopping promenade and a signature Wynn spa and salon. There will be an extensive 39,000 sq ft poolscape adjacent to the beach. The 145,000-sq-ft meetings and events centre will include outdoor event terraces and lawns. The theatre and a new resident show are also being created specifically for Marjan Island, it said. – TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
09-02-2025
- Business
- Trade Arabia
$2.4bn financing for Wynn Al Marjan Island completed
Wynn Resorts Limited (WYNN) has announced that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of Wynn Al Marjan Island, the first integrated resort in the UAE. Wynn Al Marjan Island is located 50 minutes from Dubai International Airport in the emirate of Ras Al Khaimah. The project is expected to be completed in 2027. The secured term loan facility, made available to Wynn Al Marjan Island FZ-LLC, which is a subsidiary of the 40%-owned joint venture, is denominated in a combination of AED and USD currencies, reflecting the bulk of the expected development expenditures to be incurred in AED, Wynn Resorts said. The term of the loan is seven years at a competitive market interest rate and is structured as a delayed draw facility which provides significant financial flexibility to the joint venture partners. This landmark transaction represents the largest hospitality financing transaction in the history of the UAE, it said. The bank syndicate includes a mix of globally recognised regional and international lenders. Abu Dhabi Commercial Bank and Deutsche Bank AG acted as Joint Coordinators of the financing. The joint coordinators as well as First Abu Dhabi Bank, Emirates NBD Capital Limited, and The National Bank of Ras Al Khaimah acted as Initial Mandated Lead Arrangers, Bookrunners and Underwriters, and Sumitomo Mitsui Banking Corporation DIFC Branch, Dubai acted as Lead Arranger. First Abu Dhabi Bank PJSC is acting as Agent and Security Agent for the lenders. Project construction is proceeding well with 64% of the structural concrete completed up to the 34th floor of the main resort tower and elevator cores extending to the 36th floor. The construction team is completing one floor per week, working toward a topping off in December of this year. In the last 100 days, the resort tower has grown approximately 140 ft. The resort will offer 1,542 rooms and well-appointed suites. To date, 1,226 guest rooms in the tower structure have been completed, or 80% of the total. The exterior façade window glazing is progressing with 2,840 of 13,734 panels completed, which is more than 20% of the total. Fit out is underway in approximately 1,121 rooms – including walls, floors, and ceilings, as well as all mechanical, electrical, and plumbing services. In the low-rise portion of the building, the concrete and steel structures are a combined 70% complete. Exterior facades and interior fit out have commenced. Elevator and escalator installation across the property is also progressing, the company said. Overlooking its own beautiful white sand beach with views of the Arabian Gulf and the distant Hajar Mountains, Wynn Resorts is developing the resort in partnership with Marjan and RAK Hospitality Holding. Wynn Design and Development is overseeing all facets of the project's design and construction. Wynn Al Marjan Island will have 22 restaurants, lounges and bars, as well as a nightclub and beach club. Guests will enjoy a luxury shopping promenade and a signature Wynn spa and salon. There will be an extensive 39,000 sq ft poolscape adjacent to the beach. The 145,000-sq-ft meetings and events centre will include outdoor event terraces and lawns. The theatre and a new resident show are also being created specifically for Marjan Island, it said. – TradeArabia News Service
