Wynn Resorts said construction at Wynn Al Marjan Island in Ras Al Khaimah has resumed after a short pause following attacks on two UAE hotels. The company said it remains in regular contact with the US and Ras Al Khaimah governments and has taken steps to protect employees working on site.
The resumption restarts work on Wynn’s UAE resort project after a security-related pause.
Quarter ended 30 September 2026
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Wynn Resorts chief executive Craig Billings said the company had reached a contract framework with union leaders to resolve the Encore Boston Harbor strike in Massachusetts. Union leadership recommended the agreement, and members were due to vote on it late Thursday; Billings gave no contract details.
Craig Billings, chief executive of Wynn Resorts, said on Thursday that a framework had been agreed to end the strike at Encore Boston Harbor. Union leadership recommended the agreement to the membership. Members were due to vote on ratification late Thursday, Billings told analysts on the third-quarter earnings call. Billings released no specifics of the contract.
Wynn Resorts CEO Billings said on the company’s third-quarter earnings call that Macau could encourage concessionaires to add hotel rooms to support non-gaming growth. He said the market has five times the Las Vegas Strip’s gaming revenue but 30% of its hotel rooms, and noted that Wynn’s contribution of up to US$170 million to a government investment fund can count towards its US$2.6 billion non-gaming commitment.
Wynn's chief executive floated the idea that Macao authorities should give concessionaires incentives to build more hotel rooms, should they want non-gaming to contribute more to the ecosystem. He was answering an analyst's question on Friday morning's earnings call about Macau's relentlessly gaming-oriented revenue mix.
Massachusetts collected just over $11.5m in taxes from Encore Boston Harbor in September 2026, down from $14.8m a year earlier. The Massachusetts Gaming Commission called for a resolution to a labour dispute involving about 1,350 striking employees. The casino reported $46.1m in gaming revenue for the month, down more than 22% year on year.
Regulators in Massachusetts want the standoff between Encore Boston Harbor and its striking staff brought to an end. The push from the Massachusetts Gaming Commission followed a September tax payment from the casino that was its smallest in over five and a half years. Roughly 1,350 employees were on strike over pay and benefits at the time of the drop.
Wynn Resorts said it had made a proposal to the unions representing workers at Encore Boston Harbor in September and was awaiting their response. Teamsters Local 25 and UNITE HERE Local 26 said the offer fell short of their demands; the report said 1,300 workers remained on strike as the stoppage approached its 50th day.
Reportedly, Wolfe Research expects Wynn Resorts' planned Wynn Al Marjan Island casino resort in the UAE to generate more gaming revenue than the company forecasts. The investment firm sees up to 60% upside for Wynn shares by the end of 2027 and values Wynn's 40% stake in the development at around $48 per share. Wynn's December 2025 projections put annual gaming revenue at up to $1.66bn and adjusted property EBITDA at $390m to $570m.
Wolfe Research expects Wynn Al Marjan Island, Wynn Resorts' planned casino resort in the United Arab Emirates, to generate more gaming revenue than the company's current forecasts, the investment firm said. Analyst Peter Supino made the assessment as Wynn Resorts shares were down about 37% year-to-date in 2026, and Wolfe Research sees the stock rising by as much as 60% by the end of 2027.