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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