Gulf War Concerns May Delay Wynn UAE Resort Opening

(AsiaGameHub) –   Escalating hostilities in the Middle East could potentially delay the planned 2027 grand opening of Wynn Al Marjan Island, a US$5.1 billion integrated resort currently under construction in Ras Al Khaimah, UAE. The resort’s location places it within the active conflict zone of the ongoing Gulf War.

Site work experienced a brief interruption on 28 February, following military actions by US and Israeli forces against Iran, an operation referred to as Operation Epic Fury. At that time, Wynn advised its regional employees to work remotely if their respective embassies recommended it.

Construction resumed in March, however, tensions continue to mount as the conflict persists. On Monday, a high-ranking UAE official reportedly informed Israel of the UAE’s readiness to retaliate after Iran launched missiles and drones targeting locations within the Middle Eastern nation. The official was quoted by Israeli news outlet N12 as stating, “The Iranian regime has begun attacking us. We will strike back.”

War could have long term impact on tourism

Wynn Al Marjan Island, situated on over 60 hectares (142 acres) with views of the Arabian Gulf, has been promoted as “the ultimate resort destination.” It is set to feature “sumptuously designed rooms and suites, outstanding dining experiences, world-renowned designer boutiques and activities that include expansive poolscapes, private beach and deepwater marina.”

These amenities are intended to cater to Wynn’s primary demographic: affluent and ultra-wealthy individuals who are already patrons of its establishments in Las Vegas and Macau. A significant development occurred last December when crews completed the topping off of the resort’s 70-story hotel tower.

It now appears that guests might face a waiting period before experiencing the accommodations, as Iran continues its attacks on UAE ports, airports, and commercial areas. According to Reuters, the consultancy firm Tourism Economics projects that tourism arrivals to the Middle East could decrease by as much as 38 million due to the conflict, potentially resulting in a loss of up to $56 billion.

Also potentially affected is a new hotel under development in Dubai by MGM Resorts International, a competitor to Wynn. However, a source informed Bloomberg that the MGM project, which is also seeking a casino license, remains on schedule despite a downturn in visitor numbers.

MGM CEO Bill Hornbuckle commented during a 29 April earnings call, “The tourism business in that particular neck of the world is down to like 15%, give or take. It will take some recovery time no matter what happens here over the next couple of months. But long-term, we remain very excited.”