Who owns Island 3 AMI FZ-LLC and affiliated ventures (the Al Marjan Joint Venture, developing Wynn Al Marjan Island)

Island 3 AMI FZ-LLC and affiliated ventures (the Al Marjan Joint Venture, developing Wynn Al Marjan Island) - Profile

Island 3 AMI FZ-LLC is the free zone company that holds and is building Wynn Al Marjan Island, a 5.1 billion dollar integrated resort on more than 60 hectares of Island 3 of Al Marjan Island, a reclaimed archipelago off Ras Al Khaimah in the United Arab Emirates about 45 minutes from Dubai. The resort is planned with roughly 1,540 rooms, suites and residences, 22 dining venues, a shopping promenade, a spa, twelve pools, a 900 seat theatre, a large meetings and events centre, a superyacht marina and 420 metres of private beach, and in October 2024 it received the first commercial gaming facility licence issued in the UAE, by the General Commercial Gaming Regulatory Authority. It is a three way venture: the Ras Al Khaimah master developer Marjan and the emirate's investment arm RAK Hospitality Holding provide the site and local partnership, while Wynn Resorts contributes the design, the casino resort operating model and its brand. A subsidiary raised a 2.4 billion dollar seven year construction loan in February 2025, the largest hospitality financing recorded in the UAE, and the resort is scheduled to open in spring 2027.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Wynn Resorts, Limited, as of 30 Jun 2026. Wynn's 10-Q for the period ended 2026-06-30 (filed 6 Aug 2026) states: 'the Company has a 40% equity interest in Island 3 AMI FZ-LLC (Island 3), an unconsolidated affiliate, which is constructing an integrated resort property (Wynn Al Marjan Island) in Ras Al Khaimah, United Arab Emirates, currently expected to open in September 2027.' The investment is accounted for under the equity method as the Company's sole disclosed unconsolidated affiliate; the balance-sheet line 'Investments in unconsolidated affiliates' was $1,110,425 thousand at 2026-06-30 (up from $948,156 thousand at 2025-12-31), and because Island 3/the Al Marjan Joint Venture is the only equity-method investee the Company discloses, the full balance is assignable to this one holding rather than being a combined multi-investee total. The Company is contractually required to fund 40% of the Al Marjan Joint Venture's project design and development costs (including the adjacent Janu Al Marjan Island hotel/residential development operated by Aman Group) in exchange for a pro-rata share of equity; life-to-date cash contributions reached $1.06 billion as of 30 Jun 2026, with an estimated remaining $525 million to $650 million pro-rata share still required. This is an LLC equity interest, not a share count denominated in Wynn Resorts, Limited's own listed class, so shares is null per the project's rule; the real quantity (a 40% pro-rata equity interest) is recorded here in words. source