Wynn: Confident in UAE's ability to keep population safe

Wynn Resorts (WYNN) has stated it is “closely monitoring the situation” in the Middle East amid escalating regional tensions but remains confident in the UAE’s capacity to safeguard its population, including employees at its under-construction Wynn Al Marjan Island resort project in Ras Al Khaimah. The company confirmed it has contingency plans in place to protect staff if required, following recent Iranian drone and missile attacks targeting Dubai and neighboring Gulf states. These developments have prompted the U.S. State Department to urge Americans to leave the UAE immediately due to “severe, escalating safety risks”.

The Wynn Al Marjan Island project, a 40% owned venture by Wynn Resorts, is 67% funded, with $3.4 billion of its $5.1 billion budget already allocated. The resort’s 70-floor hotel tower was completed in December 2026, and the property is scheduled to open in spring 2027. Despite the security challenges, Wynn Resorts has not indicated plans to alter its investment trajectory, reflecting confidence in the UAE’s infrastructure and crisis management capabilities.

Regional tensions remain high after U.S. and Israeli airstrikes on Iran prompted retaliatory attacks, including an intercepted drone incident in Ras Al Khaimah, where debris fell in a residential area. Wynn Resorts’ statement underscores its commitment to balancing operational continuity with employee safety amid volatile geopolitical conditions.