A major international developer is making significant progress on its ambitious casino resort project, Wynn Al Marjan Island, in Ras Al Khaimah, United Arab Emirates (UAE). The development promises to be a landmark destination, incorporating features designed to appeal to both international visitors and the local market.
A Grand Scale Development
The project encompasses a sprawling 5 million square feet, featuring approximately 1,500 hotel rooms, over 25 dining options, a substantial gaming area, and a custom-designed production show.
Significant Market Potential
Industry analysts predict a substantial gaming market in the UAE, estimating revenues between US$5 billion and US$8 billion. This positions the region as a potentially lucrative destination, rivaling established gaming hubs.
The focus is on attracting the considerable wealth, affluence, and population within the region.
Construction Advancing Rapidly
Construction of the resort, slated to open in 2027, has already reached the 42nd floor of the hotel structure.
Strategic Expansion into London
In related news, the company recently announced plans to acquire Crown London (Aspinalls), an exclusive casino in London’s Mayfair district. This acquisition is viewed as a strategic move to enhance brand recognition and cultivate relationships with high-net-worth individuals who frequent both London and the UAE.
Synergies Between Markets
The acquisition of the London casino provides an opportunity to connect with customers who spend time in both London and the UAE, fostering stronger relationships and enhancing their overall experience.
- Acquisition provides access to a valuable customer database.
- Strengthens brand presence in key international markets.
- Facilitates relationship-building with affluent clientele.
UAE: A Stable Investment Environment
The UAE is considered a stable market for investors, with the resort poised to be a unique offering in the region for a considerable period. The region boasts a large population, a significant expatriate community, and substantial air traffic through Dubai International Airport, located a short distance from the resort.
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