The Wynn Al Marjan Island casino in the UAE, owned by Wynn Resorts, has recently been updated with new photographs. It is anticipated to be the first MENA region integrated resort.
Isle of Wynn Al Marjan
In early 2027, according to Wynn's estimations, the Wynn Al Marjan Island will be open to the public. Located in Ras Al Khaimah Emirate, the resort is estimated to cost around $3.9 billion (£3.1 billion/€3.6 billion).
The first beachfront resort by Wynn, the casino has been under construction since early 2023. A total of 1,542 guestrooms and suites, including 22 individual villa estates, will be available at the resort. In addition to a theatre, there will be 22 different dining, lounge, and bar options.
Dubai Wynn
More than 1,500 guestrooms and many forms of entertainment will be available at the Wynn Al Marjan Island.
There will also be a 7,500 sq. m. meeting and events facility, a five-star spa, and a 15,000 sq. m. shopping esplanade at the location.
According to Wynn Al Marjan Island's president and chief creative officer, Todd Lenahan, the island has the potential to become a major tourist destination in the area.
The 300-meter resort tower was constructed with Ras Al Khaimah's historic significance as a renowned navigational sentinel in mind, according to Lenahan. "Our hope is that this will serve as a new landmark, a new beacon, for visitors from all over the world who come to Ras Al Khaimah."
Wynn Exploring the Potential of UAE Casinos
At now, it is against the law to gamble in the United Arab Emirates. The maximum penalty for such an offence is two years in prison and a fine of AED50,000 (about £10,859, €12,650, or $13,615).
But the General Commercial Gaming Regulatory Authority (GCGRA) was unveiled in September by the UAE state-run news agency WAM. Commercial gambling and the national lottery in the UAE will be regulated by the GCGRA.
The United Arab Emirates was formerly proclaimed by Wynn CEO Craig Billings to be the most intriguing new market to emerge in decades. Billings went into additional detail about the possibility in the company's release of its financial year results for 2023.
The United Arab Emirates has a significant chance for expansion, which will allow us to diversify our holdings and enter new markets, according to Billings.
Wynn aiming to capitalise on the success in Macau
Despite not having a licensing yet, Wynn does have a bit of an early bird edge in the UAE. This comes after Billings said "imminently" that Wynn would receive his Ras Al Khaimah permit.
In addition, Wynn has worked in Asia before. In its fiscal year 2023 report, the firm revealed a revenue growth of 73.9% to $6.53 billion, with Macau playing a significant role. All told, Wynn's Macau operations brought in $3.10 billion for the year, with $910.6 million coming in during the fourth quarter alone.
Following the repeal of COVID-19 regulations in Macau, Wynn Macau and Wynn Palace, both of which have integrated resorts with 1,706 rooms, have thrived. Wynn Macau's casino space is approximately 294,000 sq. ft.
In Wynn's fiscal year 2023, Wynn Palace brought in $1.89 billion and Wynn Macau $1.21 billion.
