An announcement from Wynn Resorts ( (WYNN) ) is now available.
Wynn Resorts announced on February 6, 2025, that its joint venture subsidiary, Wynn Al Marjan Island FZ-LLC, secured a $2.4 billion loan facility to finance the development of the Wynn Al Marjan Island resort in the UAE. This financing, representing the largest hospitality transaction in UAE history, will support the construction of the first integrated resort in the region, set to open in 2027, offering luxury amenities and entertainment options, and marking a significant milestone in the company’s expansion plans.
More about Wynn Resorts
Wynn Resorts, Limited, traded on Nasdaq under the ticker WYNN and part of the S&P 500 Index, is a prominent operator of luxury resorts and casinos. The company owns and operates several high-end properties including Wynn Las Vegas, Wynn Macau, Wynn Palace, and Encore Boston Harbor, with plans to open an integrated resort in Ras Al Khaimah, UAE, by 2027.
YTD Price Performance: -2.55%
Average Trading Volume: 2,351,929
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.97B
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