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Sunday, Oct 06, 2024

UAE Issues First Casino Licence to Wynn Resorts

Wynn Resorts has been awarded the UAE's first casino license. The Wynn Al Marjan Island resort in Ras Al Khaimah, expected to open in 2027, will feature 1,542 rooms, 22 bars and restaurants, and a theatre. This project is a major step for the UAE's tourism industry and economic competition in the Gulf.
Wynn Resorts, a US-based luxury casino and hotel operator, has secured the United Arab Emirates' first commercial gaming operator's licence.

The company is constructing a high-end resort called Wynn Al Marjan Island in Ras Al Khaimah, which is scheduled to open in 2027.

This development, a joint venture with Marjan and RAK Hospitality Holding, represents a significant milestone in the UAE's tourism sector.

The resort will feature 1,542 rooms, 22 bars and restaurants, a theatre, and other attractions, all set on a picturesque white sandy beach.

The UAE's move to legalize gambling and issue its first casino licence is seen as a strategy to remain competitive in the Gulf region amid economic challenges, especially with neighbouring Saudi Arabia.

Wynn has already invested $514 million into the project, which aims to attract tourists from Europe, Asia, and beyond.

In a related development, MGM Resorts International is also seeking a gambling licence for its property under construction in Abu Dhabi.
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