In a historic move in the global gaming industry, Wynn Resorts Ltd. has made history by being granted the first commercial gaming operator’s license in the United Arab Emirates (UAE) by the General Commercial Gaming Regulatory Authority. This significant milestone showcases Wynn’s expanding presence in the international market and sets a precedent for future commercial gaming endeavors in the region.
Wynn Resorts’ groundbreaking achievement in the UAE can be seen in the development of Wynn Al Marjan Island in Ras Al Khaimah, a project that aims to redefine luxury tourism in the UAE. This joint venture between Wynn, Marjan, and RAK Hospitality Holding promises to blend high-end hospitality with premium entertainment offerings. With construction beginning in early 2023, the resort is quickly becoming a highly anticipated development in the Middle East.
Once completed, the luxury resort will boast 1,542 guest rooms with stunning views of a white sandy beach. Guests will have access to 22 upscale bars and restaurants, as well as an exclusive theater for various shows and events. This fusion of upscale accommodations and diverse entertainment options is expected to attract visitors not only from nearby regions but also from Europe and Asia.
Wynn Resorts expressed its gratitude to the GCGRA for granting the license, stating: “Wynn Resorts thanks the GCGRA for the confidence and trust the license grant signifies and is proud to be the recipient of the first commercial gaming facility license in the UAE. We are underway with the construction of our resort in Ras Al Khaimah and look forward to being a key partner in the development of its tourism economy.”
The economic impact and strategic significance of Wynn’s venture in the UAE are not to be underestimated. Major casino operators like MGM Resorts International are also entering the scene, with a recent application for a gambling license for an upcoming project in Abu Dhabi. This trend highlights the shift towards establishing high-stakes gaming hubs in the UAE.
Wynn’s commitment to the Al Marjan Island project is evident in its reported investment of $514 million to date. The firm plans to showcase its vision for the resort during an investor presentation on October 8, 2024. This significant investment underscores the strategic importance of the project for Wynn and the broader economic and tourism sectors of Ras Al Khaimah and the UAE.
Scheduled to open in 2027, Al Marjan Island resort is set to become a landmark in the region. Stakeholders in the tourism and gaming industries are closely watching the project’s progress, as it represents a unique approach to combining luxurious travel with high-quality gaming and entertainment. The anticipated contributions of the resort to the regional economy continue to generate interest and optimism.
