Wynn Resorts is bringing gaming to the UAE with a groundbreaking $5.1 billion casino at Al Marjan Island. Clifford Chance and A&O Shearman lead legal efforts on this historic project, set to open by 2027 and transform regional tourism and entertainment.
Wynn Resorts is developing the UAE's first licensed casino, Wynn Al Marjan Island, a $5.1 billion project in Ras Al Khaimah, set to open in early 2027.
Legal advisors include Clifford Chance, guiding the sponsors on a $2.4 billion construction financing. The team is led by Dauwood Malik (Hong Kong managing partner), Dubai-based partners Jeremy Barker, Jack Hardman, and Tariq Imam, legal director Gareth Dray, and construction advisor Innamul Laher (Abu Dhabi).
A&O Shearman represents the lenders, led by partner Joe Clinton, with local counsel from Al Tamimi & Co.
The financing is coordinated by Abu Dhabi Commercial Bank and Deutsche Bank, alongside arrangers First Abu Dhabi Bank, Emirates NBD Capital, and The National Bank of Ras Al Khaimah. Sumitomo Mitsui Banking Corporation DIFC Branch serves as lead arranger, with First Abu Dhabi Bank also acting as agent.
Wynn Resorts holds a 40% stake in the joint venture, alongside Marjan and RAK Hospitality Holding. Construction has reached the 47th of 75 floors.
Published May 30, 2025.
