Wynn Resorts Plans Exclusive Venture in UAE with the Wynn Al Marjan Island Development
Ready to dive into the thrilling world of high-stakes gambling and luxury? Wynn Resorts is making a big splash with its Wynn Al Marjan Island casino resort in Ras Al Khaimah, United Arab Emirates. This badass, 5 million sq. ft. (464,515 sq. metres) behemoth will boast 1,500 rooms, over 25 mouthwatering dining options, and a sprawling gaming floor. But that's not all – they're even cooking up a custom production show just for this resort, according to Craig Billings, the CEO of Wynn Resorts himself.
"This [UAE] baby is 5 million square feet, 1,500 rooms, 25+ eateries, a ginormous gaming floor, and a production show from scratch," Billings said, not holding back.
With the UAE's gaming market estimated to rake in between $5 billion and $8 billion annually, Wynn Resorts is sawing through the competition in the Middle East. For comparison, the Las Vegas Strip only clears around $6 billion in gross gaming revenue. That's a juicy opportunity for Wynn Resorts!
"Amy-bloody-dahl, the UAE gaming market estimates range from $5 billion to $8 billion, while the Las Vegas Strip brings in just over $6 billion. Ya cannae argue with that kinda market opportunity," Billings stressed.
He doubled down, stating their strategy is all about targeting the wealth and populace in the region.
The construction on the resort is cruising along; the hotel has already blasted to the 42nd floor. Wynn Resorts, joined by regional partners Marjan LLC and RAK Hospitality Holding LLC, own a whopping 40% of the development. The grand opening is projected for 2027.
What's more, Wynn Resorts snagged a 15-year, exclusive casino license for Ras Al Khaimah, with the option to renew. This could potentially ramp up their worldwide gaming portfolio, netting at least $1.33 billion in gross gaming revenue (GGR) annually.
With a focus on luxury, entertainment, and cultural significance, Wynn Al Marjan Island has all the makings to become the go-to destination in the area. So, gear up for some high-rollers, top-shelf dining, and a whole lotta fun!
Wynn Resorts is expanding its global gaming portfolio with the Wynn Al Marjan Island casino resort in Ras Al Khaimah, UAE, aiming to capture a share of the UAE's gaming market, estimated to generate between $5 billion and $8 billion annually. The project, expected to be completed in 2027, will offer a luxurious experience with 1,500 rooms, over 25 dining options, a gigantic gaming floor, and a custom production show. With a 15-year, exclusive casino license, the resort could potentially generate at least $1.33 billion in gross gaming revenue annually.
