Wynn Resorts, Limited has announced the name of its new multi-billion-dollar integrated resort, debuting in Ras Al Khaimah in the United Arab Emirates (UAE): Wynn Al Marjan Island. The Company also unveiled the design vision of its first-ever beachfront resort, which is inspired by the tranquil seascape of Al Marjan Island, a group of four islands. The resort is being developed with local partners Marjan LLC, and RAK Hospitality Holding LLC. Set in a pristine setting overlooking the azure waters of the Arabian Gulf, Wynn Al Marjan Island rises more than 1,000 feet (305 meters) above the sea, welcoming visitors to a premium luxury experience, including exceptional entertainment and gaming amenities. For its first project in the Middle East North Africa (MENA) region, the US-listed devel...
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Hotel and casino operator Wynn Resorts will open a casino at the luxury resort it is building in the United Arab Emirates (UAE), Chief Executive Craig Scott Billings said, a first for the Gulf Arab region, where gambling has long been off-limits. The casino would mark a watershed moment for the Gulf, a region that has traditionally imposed stricter Islamic rules than other parts of the Middle East. The prospect of a new casino comes against the backdrop of intense competition in the Gulf, with business and tourism hub UAE vying with rapidly-opening Saudi Arabia to become the go-to destination in a region diversifying its oil-dependent economy. Ras Al Khaimah emirate and Wynn announced in January that the resort was licensed for gaming without specifying gambling, sparking ren...
Read MoreLosing money due to COVID, the American casino giants that helped make Macao the “Las Vegas of Asia” face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades and now is aligning with official strategy on China’s mainland, where foreign companies are required to help pay for the ruling Communist Party’s development ambitions, profitable or not. FILE PHOTO: Gambling tables are set inside the casino during the opening ceremony of the Venetian Macao Resort in Macao. (AP Photo/Kin Cheung, File) The licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals that invested billions of dollars in M...
Read MoreIt's been the subject of quiet speculation among diplomats and executives for years, but now global casino bosses are setting their sights on a once improbable prize: gambling in the United Arab Emirates Ras Al Khaimah, one of the smaller and lesser-known of the seven emirates, said earlier this year that it planned to regulate gaming in some resorts. On the same day, Las Vegas casino giant Wynn Resorts said it would build a resort licensed for gaming, or gambling, on a man-made island. The announcements could mark a watershed moment for the Gulf, a region that has traditionally imposed stricter Islamic rules than other parts of the Middle East, and one where gambling has long been off-limits. FILE PHOTO: A general view of the luxury Burj al-Arab Hotel at Jumeirah area in Dubai, ...
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