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Wynn Resorts, Limited completed a $2.4 billion debt financing for the construction of Wynn Al Marjan Island in the United Arab Emirates.

Feb 06, 2025•11 months ago

Amount Raised

$2.4 Billion

Investors

Sumitomo Mitsui Banking Corporation Difc BranchThe National Bank Of Ras Al KhaimahEmirates Nbd Capital LimitedFirst Abu Dhabi Bank PjscDeutsche Bank AgAbu Dhabi Commercial Bank Pjsc

Description

Wynn Al Marjan Island secured a $2.4 billion construction facility to finance the development of the first integrated resort in the UAE. The facility was arranged by a global syndicate of lenders, including Abu Dhabi Commercial Bank and Deutsche Bank.

Company Information

Company

Wynn Resorts Ltd

About

Wynn Resorts Ltd is a global luxury resort and casino operator. It owns and operates several hotels and casinos including the Wynn and Encore properties in Las Vegas. The company is known for its high-end accommodations and extensive gaming facilities. Wynn Resorts also aims to expand its presence in key global markets.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers