Wynn Al Marjan Island (Ras Al Khaimah)
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Craig Billings, CEO of Wynn Resorts, has suggested that the issuance of the first casino license in the UAE may be imminent, with the company's planned casino resort in the Northern Emirate of Ras Al Khaimah set to become the only establishment of its kind in the country.


“We have everything we need to operate gaming in Al Marjan. So while there may be conversation in other Emirates about legalization or legalization at the federal level, thereby covering all Emirates, I expect that we will have our license for Ras Al Khaimah actually imminently,” Billings said during Wynn's second-quarter earnings call.

Billings further told investors that the company has a very substantial growth opportunity in the UAE and called it “the most exciting gaming market in decades.” The planned $3.9 billion casino resort, described by analysts as “one of the most exciting growth prospects in the gaming industry globally,” will be called Wynn Al Marjan Island and is expected to open in early 2027.

Source: https://www.yogonet.com/international/noticias/2023/08/11/68283-wynn-expects-first-uae-casino-license-for-upcoming-al-marjan-project-may-be-issued-soon

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A recent report by Knight Frank reveals a fascinating trend among wealthy investors from East Asia, who express a keen interest in UAE property investments contingent upon the opening of casinos in the country. The report, based on a survey of 183 ultra-high-net-worth individuals worldwide, sheds light on the potential impact of upcoming gaming developments, particularly the highly anticipated Wynn Resort on Ras Al Khaimah's Al Marjan Island.

The forthcoming Wynn Al Marjan Island, slated to open in 2027, currently stands as the UAE's sole confirmed casino project, despite the country's existing gambling prohibition. However, Knight Frank's analysis indicates a surge in investment activities and market sentiment within the gaming industry, with esteemed developers now venturing into Ras Al Khaimah. This transformative shift in the real estate landscape is attracting significant attention, particularly from wealthy East Asian investors seeking to purchase property in the emirate.

As per Knight Frank's survey,
48% of respondents express a heightened inclination to invest in Dubai if a casino opens there,
while 45% anticipate the emergence of casinos in other parts of the UAE as early as 2024.




Source: https://pbs.twimg.com/media/Fxdn3MkXoAU6VEN?format=jpg&name=large

Wynn Resorts Al Marjan Island in Ras Al Khaimah will have rich non-gaming amenities and the vast majority of them can be enjoyed completely independent of the gaming area, said Craig Billings, CEO, Wynn Resorts.

"The importance of the relationship between the resort, in particular the resort's podium and the beach, the sea and the sun, all informed our programming decision, ultimately leading us to impart a concave curvature to the podium that tracks the beach. Thus, the beach-facing side of that podium, which is lined with exciting, high-energy food and beverage outlets, forms an amphitheatre of sorts from which to take in the stunning environment, the energy of the property and our outdoor entertainment," Billings said during a webcast recently.

Source: https://www.zawya.com/en/business/hospitality/uae-multibillion-dollar-resort-to-have-rich-non-gaming-facilities-as-well-reveals-wynn-rak-ceo-q24maxfy