Wynn Resorts JV Secures $2.4 Billion Loan to Fund Development of Island Resort in UAE-February 2024-www.financetom.com

Wynn Resorts JV Secures $2.4 Billion Loan to Fund Development of Island Resort in UAE

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Wynn Resorts JV Secures $2.4 Billion Loan to Fund Development of Island Resort in UAE

Feb 6, 2025 2:52 PM

05:20 PM EST, 02/06/2025 (MT Newswires) -- Wynn Resorts ( WYNN ) said late Thursday that its joint venture with Marjan and RAK Hospitality obtained a $2.4 billion construction loan develop the Wynn Al Marjan Island resort in Ras Al Khaimah, UAE.

The loan matures in seven years and has terms set "at a competitive market interest rate," the company said.

Wynn said that construction of the Wynn Al Marjan Island resort is well underway.

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