UAE Casino Market: Wynn Set for Early Dominance
The nascent casino market in the United Arab Emirates appears poised to be led by Wynn Resorts, thanks to its license granted by the General Commercial Gaming Regulatory Authority (GCGRA). While MGM Resorts International also has plans for a similar venture in Abu Dhabi, the regulatory landscape suggests Wynn will enjoy a significant advantage.
While MGM is expected to eventually receive approval from the GCGRA, the timeline remains uncertain. Experts suggest that Wynn’s project will have a valuable, unchallenged head start.
Wynn seems to have secured this advantageous position by fulfilling its commitments, with the project slated to open in early 2027.
Momentum for additional integrated resort licenses has slowed, with MGM’s application still pending. However, a second license is anticipated, and a longer head start offers more long-term value.
Wynn’s Global Brand Strength
The long-term success of the Wynn brand is anticipated not only in the UAE but also in markets such as the United Kingdom and the United States, highlighted by the acquisition of Crown Aspinalls in London.
Wynn Resorts has adopted a more optimistic outlook on its long-term prospects, securing a $2.4 billion loan to ensure the timely completion of the Wynn Al-Marjan Island project.
Stay ahead of the game in the Arabian Online Casino world – get the latest insights at ArabianOnlineCasinos.com.
