Wynn Resorts Says UAE Casino Budget Much Higher, Numbers Soaring

Wynn Resorts has shared an updated vision for the planned UAE casino near Dubai and resort project. At the same time, the company laid out its updated financial commitments, growth projections and strategic highlights for the project during a presentation to investors and analysts.

A $5.1 Billion Investment Aiming for a 2027 Opening

#	Rating	Bonus	Bonus Code
1	Read Review	up to $2200.- Accepts Arab Players	Use Link	Visit
2	Read Review	up to $ 3000.- Accepts Arab Players	Use Link	Visit
3	Read Review	up to $7000.- Accepts Arab players	Use Link	Visit
4	Read Review	up to $2200.- Accepts UAE Players	Use Link	Visit

Now, its completion is planned for 2027, and the cost has been upped to $5.1 billion—a $1.2-billion bump from what was previously estimated—on a project called Wynn Al Marjan Island. Wynn has selected the third Marjan Island as its plot and will “make use of the entire island” for this large-scale development, which aims to reshape Ras Al Khaimah (RAK), one of the seven emirates of the UAE.

Wynn also made history of its own by obtaining the first-ever casino license in the UAE and paving the way to legal gambling there. The General Commercial Gaming Regulatory Authority (GCGRA) has verified this milestone, and awarded the license to Island 3 AMI FZ-LLC, a joint venture between Wynn Resorts, Marjan and RAK Hospitality Holding LLC.

Highlights from Wynn presentation

An Island at Its Full Disposal

The third Marjan Island is made up of 155 acres, and almost all of that is also controlled by Wynn’s joint venture, called Island 3 AMI FZ-LLC. That is a lot of land for the company to work with in building one ginormous hotel, which illustrates the level of Wynn’s dedication.

Appealing to Well Off Holidaymakers

Wynn Al Marjan Island is designed to indulge ultra-wealthy clients, catering to high-net-worth individuals (HNWIs) internationally. Wynn stated in response to the question: “As per his research, there are 9.7 Million HNWI’s in UAE, which almost equals one-fifth of all millionaires worldwide.”

Company expects the high rollers, or “international VVIPs” (their euphemism for very important ultra-high-net-worth customers) to be a major revenue generator, accounting for 37% of the resort’s gaming revenue. Of this, 29% will derive from foreign visitors and the balance of 34% from domestics, including a large expatriate community residing in the UAE.

Key Source Markets

India is most likely to be punching a bulk of visitors as it will have an attraction for people with proximity and presence of enormous wealth. In addition, Wynn has also pinpointed other core markets such as Europe, the GCC countries and the UAE itself.

Casinos in Dubai

Not too many people running the casino market

In Ras Al Khaimah Wynn Resorts looks like it holds the key to only the initial stage of a monopoly The presentation further disclosed that only one casino license would be given per emirate. Wynn believes it will have the gaming monopoly in RAK for many years to come.

Going forward, he said other emirates like Dubai or Abu Dhabi may begin to offer integrated resorts with gaming facilities. Wynn estimates it will capture 33% of the UAE casino market share, but the competition is still a long ways off. Despite these developments, there will initially be no casinos in Dubai in the foreseeable future, even though many desire them.

UAE’s casino

A Booming Market Potential

According to Wynn, UAE’s casino business has the potential to generate $3 billion to $5 billion in yearly revenues, and represents 1% of national GDP. Bloomberg Intelligence and some other analysts view the size of this market as even bigger, in the $6.6 billion-$8.5 billion range.

Based on those estimates, annual gaming revenues would be $1.6 billion — nearly triple the $628 million Wynn Las Vegas generated last year.

Future Outlook

Wynn Resorts Says UAE Casino Budget Much Higher

Wynn Al Marjan Island is a milestone development for the UAE, offering an integrated luxury resort experience, including legal based gaming aimed at high spend visitors. Today, its ideal spot in the Las Vegas Strip bubble wrapped with ample finances and the promise of guests that function best when kept an arm distance away from others signals a new era for Phoenix —one where luxury should be expected.

The year 2027 could well place Wynn Resorts as a game-changing introduction of luxury entertainment within the Middle East — one earmarking the UAE as a significant contributor to the international gaming sector.

Wynn Resorts’ UAE casino and resort project — FAQs

Press release: How does the Wynn Al Marjan Island stand out?

Wynn Al Marjan Island will be the first legal casino in the UAE, making its own history in the process. Wynn Resorts utilize the entire Marjan Island, therefore creating, a large-scale, opulent resort. The $5.1 billion investment mirrors its ambitions of incorporating world-class entertainment, hospitality and gaming in an area that historically has had none. The resort is also expected to include luxury resorts, fine dining and other attractions for both local and foreign tourists. If anything, its scale and cultural clout render it a game-changer for the region.

Why was the budget for the project raised?

Due to the amount of development and its complexity, the bid price was raised to 5.1 billion dollars, $1.2 billion above original plans. According to Wynn Resorts statement, the additional money will be used to make sure the resort exceeds luxury industry standards. The budget may also have been revised upwards because of increased construction costs and the incorporation of cutting edge technology. Building an elite destination like that undoubtedly required more planning and resources. Such an increase signals Wynn’s intent on providing a flagship property in amongst a sea of international competition.

What difference will this project make to tourism in Ras Al Khaimah?

Wynn Al Marjan Island will act as a key driver for tourism in the Emirate of Ras Al Khaimah. A large-scale destination resort with an international reputation will appeal to a wider range of guests, including high-net-worth individuals and gamers. The project will enhance RAK’s sheikdom as a luxury travel destination appreciation globally being the first casino in the UAE. In addition, the economic incentive and things like job creation and infrastructure will help grow the local community. Ras al Khaimah can actually become one of the most important tourist spots by 2027.

We went to the spec’s of the Wynn Al Marjan Island resort?

Luxury accommodations, gaming, world-class dining, entertainment venues and high-end shopping will be available on site. Wynn Resorts intent on using all of Marjan Island, are going to turn the project into more free and beach spots. The architecture will combine luxury and the inherent beauty of this island. Expect signature Wynn flourishes here, with lavish decor, art in various forms, and the type of service for which this hospitality company has built a reputation. This comprehensive proposition of luxury is geared to establishing a new paradigm of hospitality within the locale.

Why is Wynn Resorts building this over in Ras Al Khaimah?

Wynn Resorts decided on Ras Al Khaimah due to its strategic positioning, untapped tourism potential and investor-friendly regulations. With its untouched beaches and wild landscapes, along with heir burgeoning status as a plush local getaway, the emirate is also perfectly poised to lead this pioneering enterprise. In addition, Ras Al Khaimah is also near to the main market of Middle East and Europe and offices in Asia. Wynn took a gamble on the UAE also due to its willingness, over other markets, to entertain new concepts such as this one. The project is in line with the vision of RAK to provide world-class tourism and lifestyle destination.

What roadblocks will he encounter with this project, and how will Wynn deal with it?

Wynn has experience building in many complex global markets but may encounter hurdles like cultural sensitivities, construction complexities or regulatory requirements. The UAE is a relatively non-gambling region, and in this sense gambling needs to be integrated into it as well. It may also prove challenging to hit the ambitious 2027 schedule against a backdrop of ballooning construction costs and global supply chain problems. The resort could also face challenges from other luxury competitors in the region. But Wynn has successfully handled such on-site project concerns with its high-profile nature, so the company is likely to be up for the test.

What is Wynn Resorts strategy to lure international visitors?

Wynn Resorts is seeking the highest spending, hardest to attract international visitors where they can again enjoy their own unparalleled luxury offerings, premiere casino circuitry and elite level entertainment. Its global hospitality brand reputation will attract tourists from all over the world. Ras Al Khaimah is easily accessible by one of the world major international airports and its strategic located will add to the resorts attractive to both local and in bound tourist. It will likely be marketing campaigns to attract high-end tourists, particularly from Europe, Asia and the Middle East. Global visitors will also be attracted to unique attractions too, including the emirates first legal casino.

Conclusion

Wynn Resorts Says UAE Casino Budget Much Higher

The Wynn Al Marjan Island project marks a watershed moment for Ras Al Khaimah and the UAE, blending luxury hospitality with legalized gaming as part of one integrated development. Now, under the $5.1 billion flag of Wynn Resorts, that’s a new standard for tourism in the region. It reaffirms the UAE vision of keeping up with modernity yet preserve traditions in a golden balance of local and global.

Wynn’s decision to build this luxury refuge on Marjan Island is a testament of faith in the Middle Eastern market. The resort will not only increase the international stature for Ras Al Khaimah but also provide substantial economic benefits via job creation, tourism and its associated sectors. Although cultural integration and high construction costs are challenges, Wynn needs to be held accountable as a leader.

Wynn Resorts Says UAE Casino Budget Much Higher

Expected to be a crown jewel of luxury and gaming in the world, the Wynn Al Marjan Island resort will welcome guests from around the globe when it opens by 2027. This project showcases the vision of Wynn Resorts and a changing landscape in tourism in the UAE and Ras Al Khaimah stepping up to become a significant player on the luxury world stage. As the world waits for this landmark moment, the Wynn Al Marjan Island project is a commitment not only to growth but to galvanizing a future that shines even brighter over these shores, and stands bold over its ever-evolving skyline.

#	Rating	Bonus	Bonus Code
1	Read Review	up to $2200.- Accepts Arab Players	Use Link	Visit
2	Read Review	up to $ 3000.- Accepts Arab Players	Use Link	Visit
3	Read Review	up to $7000.- Accepts Arab players	Use Link	Visit
4	Read Review	up to $2200.- Accepts UAE Players	Use Link	Visit