Wynn Resorts $3.9billion Casino Resort in UAE Named

May 8, 2023
19,271 Views
Andrew Burnett

Wynn Resorts have unveiled the name of their $3.9billion beachfront resort in the United Arab Emirates (UAE) ā€“ the Wynn Al Marjan Island set to host the Persian Gulf nationā€™s first-ever legal casino.

The Al Marjan islands just off the coast near Ras Al Khaimah have been chosen for the resort, which will have a 1000-foot (305m) hotel tower as its centrepiece.

It is Wynn Resortsā€™ first venture into the Middle East North Africa (MENA) region, with a 18,500 sq. meter casino as part of the 5.6million sq. feet integrated resort, set to join a portfolio that includes the Wynn Las Vegas, Encore Boston Harbor, Wynn Macau, and Wynn Palace, Cotai.

The resort will boast ā€œ1,500 lavishly styled rooms, suites and villas... a gaming area, 24 dining and lounge experiences, innovative spa and wellness experiences, a high-end shopping esplanade, a state-of-the-art events center, a theater hosting a unique production show, and other amenities.ā€

The casino will, however, not be open to UAE citizens, given gambling is ā€˜haramā€™ (forbidden) to the local Muslim population. However, non-citizens comprise 90% of the UAEā€™s population.

Wynn CFO Julie-Cameron Doe explained: ā€œWeā€™re confident that demand for gaming and non-gaming will be strong.ā€

She added that gaming revenues from the UAEā€™s first-ever casino will be taxed at a ā€œreasonableā€ figure ā€“ the gross gaming revenue (GGR) tax rate expected to be between 10 to 12 percent.

Doe claimed that Wynnā€™s investment in the Al Marjan Island casino resort ā€œis supported by a robust gaming regulatory framework based on global best practices.ā€

Craig Billings, CEO of Wynn Resorts, said this week: ā€œWe have spent the past year meticulously programming and concepting Wynn Al Marjan Island, carefully considering its unique location.ā€

He added: ā€œI am incredibly proud of our design and development team's ability to impart our legacy of rich, thoughtful design into a sun-soaked beachside resort that will delight customers, new and old. We look forward to opening Wynn Al Marjan Island in early 2027.ā€

Nightly state-of-the-art laser and light shows will illuminate the new resort, while ā€œevery diner in the abundant restaurant offerings lining the beach-facing promenade at Wynn Al Marjan Island will enjoy sweeping views of the sea.ā€

Al Marjan Island boasts almost 8km of beaches and 23km of waterfront, with brands such as Radisson, Hampton and DoubleTree by Hilton already situated on the four-island development.

Nearby Ras Al Khaimah made it to CNN Travel's 50 best destinations to visit in 2023, describing it as the ā€œadventure Emirateā€, one of seven that make up the UAE.

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