Wynn CEO Identifies Significant Potential in the UAE and Explores Las Vegas-Style Ventures in Dubai
In the heart of Ras Al Khaimah, United Arab Emirates, the highly anticipated Wynn Al Marjan Island casino project is rapidly progressing. This ambitious development, valued at $3.9 billion, is expected to open its doors in early 2027, contributing significantly to the UAE's burgeoning gaming market.
Upon completion, Wynn Al Marjan Island will offer 1,500 guestrooms and 25 eateries, catering to a diverse array of tastes. The resort will also feature a standard main casino open to all patrons, as well as a sky gaming casino on the 22nd floor, tailored for high-level players.
The casino project is expected to have more casinos than initially anticipated, although the exact number has not been disclosed. The resort will also boast a variety of non-gaming amenities, ensuring a well-rounded experience for its visitors.
Craig Billings, CEO of Wynn Resorts, sees a major opportunity in the UAE market and believes that the United Arab Emirates could rival the Las Vegas Strip in terms of gaming revenue. Some analysts predict that the annual gross gaming revenue (GGR) of the UAE could be between $3 billion to $5 billion, with Wynn Al Marjan Island contributing significantly to these figures once the integrated resort sector reaches full operation.
This development is part of Ras Al Khaimah’s strategy to diversify tourism and attract 3.5 million overnight tourists by 2030, supporting significant economic and employment growth. However, the exact standalone GGR figure for Wynn Al Marjan Island has not been separately specified, only included within the overall UAE projections for gaming revenue across the integrated resorts.
Wynn Resorts is also considering potential expansion plans, including the possibility of adding another gaming venue in Las Vegas. However, such plans do not seem imminent. The company is also exploring opportunities in Thailand, where it is in the "exploratory stages."
Interestingly, Wynn Resorts has recently announced the acquisition of Crown London casino from Crown Resorts. The company is also teaming up with Related Cos. on a bid to procure a downstate gaming license in New York.
With these ambitious projects underway, the global gaming market is set to witness a shake-up. Experts predict that Wynn Al Marjan Island, upon completion, could potentially rank among the top gaming markets globally. The gaming market size in the United Arab Emirates is estimated to range from $5 to $8 billion, with the gaming market size of the Las Vegas strip being a little over $6 billion.
As construction continues at a rapid pace, with one floor being completed per week, the excitement surrounding Wynn Al Marjan Island continues to grow. The resort is set to become a key contributor to the UAE's emerging gaming market, promising an unparalleled gaming and hospitality experience for visitors from around the world.
- The commercial gaming industry is experiencing significant growth with the development of Wynn Al Marjan Island in Ras Al Khaimah, UAE.
- The ambitious $3.9 billion project, slated to open in early 2027, aims to revolutionize the UAE's gaming market.
- Upon completion, the resort will offer 1,500 guestrooms and 25 eateries, catering to various tastes.
- The resort will feature not only a standard main casino but also a sky gaming casino on the 22nd floor for high-level players.
- The UAE gaming market is predicted to generate an annual gross gaming revenue (GGR) of between $3 billion to $5 billion, with Wynn Al Marjan Island playing a substantial role.
- Ras Al Khaimah's strategy to diversify tourism aims to attract 3.5 million overnight tourists by 2030, fostering economic and employment growth.
- The exact standalone GGR figure for Wynn Al Marjan Island has not been separately specified, only included within the overall UAE projections for gaming revenue.
- Wynn Resorts is considering expanding elsewhere, potentially adding another gaming venue in Las Vegas and exploring opportunities in Thailand.
- The company has recently acquired Crown London casino from Crown Resorts and is in the "exploratory stages" in Thailand.
- Wynn Resorts is also collaborating with Related Cos. on a bid to procure a downstate gaming license in New York.
- The global gaming market is expected to undergo a transformation with the completion of Wynn Al Marjan Island, potentially ranking among the top gaming markets globally.
- The gaming market size in the United Arab Emirates is estimated to be between $5 to $8 billion, compared to the gaming market size of the Las Vegas strip, which is a little over $6 billion.
- With one floor being completed per week, the excitement surrounding Wynn Al Marjan Island continues to grow as it positions itself to become a key player in the UAE's emerging gaming market.
- Wynn Al Marjan Island promises an unparalleled gaming and hospitality experience for visitors from around the world, venture capitalists, personal finance enthusiasts, wealth-management experts, and all those interested in the banking-and-insurance, real-estate, automotive, retail, transportation, aerospace, energy, and finance sectors.
