Wynn Says It Has 15-Year Casino Licence in Ras Al Khaimah

UAE Gaming Landscape Takes Shape

The United Arab Emirates is poised to become a notable destination for integrated resorts, with significant developments underway in several emirates. Ras Al Khaimah is set to welcome a major project, while other emirates are also exploring opportunities in the gaming and hospitality sector.

Ras Al Khaimah’s Flagship Project

The upcoming resort on Al Marjan Island in Ras Al Khaimah is projected to generate substantial revenue. The gaming area within the complex will occupy a portion of the total floor space, suggesting a balanced approach to entertainment and leisure offerings.

Expansion Across the Emirates

While Ras Al Khaimah is leading the way, other emirates are also considering similar ventures. This potential expansion indicates a growing interest in diversifying the UAE’s tourism and entertainment sectors.

Financial Projections and Investment

The development in Ras Al Khaimah represents a significant financial undertaking, with substantial capital allocated to its construction and operation. Financial models suggest promising returns, with projections for both revenue and earnings before interest, taxation, amortisation, and management excess (EBITDAM).

Resort Features and Amenities

The resort is designed to be a comprehensive destination, featuring a large number of hotel rooms, suites, townhouses, and villas. It will also offer a diverse range of dining and entertainment options, including restaurants, bars, and lounges. Furthermore, the resort will include retail space and facilities for meetings, incentives, conferences, and exhibitions (MICE) activities.

Key Features:

• Hotel Rooms: 1,542
• Restaurants: 16
• Retail Space: 130,000 sq. ft.
• MICE Capacity: 145,000 sq. ft.

Anticipated Opening

The resort is expected to open its doors in the first quarter of 2027, marking a significant milestone in the UAE’s evolving hospitality landscape.