{"id":5373,"date":"2023-05-02T11:18:49","date_gmt":"2023-05-02T11:18:49","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=5373"},"modified":"2023-05-02T11:18:49","modified_gmt":"2023-05-02T11:18:49","slug":"wynn-resorts-reveals-name-and-design-of-3-9-billion-uae-integrated-resort","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/wynn-resorts-reveals-name-and-design-of-3-9-billion-uae-integrated-resort\/","title":{"rendered":"Wynn Resorts Reveals Name and Design of $3.9bn UAE Integrated Resort"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/05\/proposed-wynn-al-marjan-island.jpg\" alt=\"Proposed Wynn Al Marjan Island\" width=\"300\" class=\"alignright size-full wp-image-5374\" title=\"Wynn Resorts Reveals Name and Design of $3.9 billion UAE Integrated Resort\" \/><strong>Summary: <\/strong><\/p>\n<ul>\n<li>Wynn\u2019s newest casino resort in the UAE will be named \u201cWynn Resorts Al Marjan Island\u201d<\/li>\n<li>The integrated resort complex is expected to launch in early 2027<\/li>\n<li>Wynn will have 40% ownership in the development<\/li>\n<\/ul>\n<p><strong>Wynn Resorts<\/strong> has unveiled the design of its <a href=\"https:\/\/www.top10casinowebsites.net\/news\/united-arab-emirates-opening-up-to-gambling-with-new-wynn-resorts-project\/\">new multi-billion casino resort project in the United Arab Emirates<\/a> (UAE) which will be named \u201c<em>Wynn Al Marjan Island<\/em>\u201d. Rendered images show the development\u2019s overall look, showcasing the magnificent sea views of <strong>Al Marjan Island<\/strong>, an artificial island in Ras Al Khaimah where the casino complex will rise.<\/p>\n<h2>Wynn Al Marjan Island to Open in 2027<\/h2>\n<p>The $3.9 billion project includes 1,500 hotel rooms, suites, and villas, a high-end shopping center, a dining hub, spa and wellness facilities, a theater, a state-of-the-art events center, and other key amenities. Wynn Al Marjan Island will feature UAE\u2019s first casino which will be more than double the size of the gaming venue at Wynn Las Vegas.<\/p>\n<p>Wynn Al Marjan Island will transform UAE into a \u201c<em>major global tourist destination<\/em>\u201d and will create thousands of jobs, boosting the region\u2019s economy. Furthermore, the integrated resort will drive growth for the allied business sectors, according to Wynn\u2019s press release.<\/p>\n<p><a href=\"https:\/\/www.top10casinowebsites.net\/news\/wynn-resorts-expected-to-break-ground-on-proposed-integrated-uae-resort-in-few-weeks\/\">Construction has been ongoing since March<\/a>, and the integrated resort is expected to open its doors in early 2027, Wynn Resorts CEO <strong>Craig Billings<\/strong> stated in the press release. Wynn\u2019s design and development team spent ample time creating the concept for Wynn Al Marjan Island given its unique location, Billings added. <\/p>\n<p>The casino resort is Wynn\u2019s first-ever beachfront resort, developed in partnership with real estate developer Marjan LLC and integrated, hospitality asset owner and manager RAK Hospitality Holding LLC, both of which are based in Ras Al Khaimah.<\/p>\n<h2>Wynn Will Own 40% of UAE Casino Resort<\/h2>\n<p><strong>John DeCree<\/strong>, an analyst at CBRE Securities, said Wynn Resorts will have 40% ownership in the development, but it will also be receiving license and management fees under a deal similar to most luxury hotel agreements. This means Wynn will still be getting more than 40% of the economics. <\/p>\n<p>The entire development has a total floor area of around 5.6 million sq. ft., with the casino taking up 224,000 sq. ft. or 4% of the gross floor area. DeCree stated that non-gaming revenue contribution for Wynn Al Marjan Island will be essentially the same as Wynn Las Vegas, but its casino should generate \u201c<em>meaningful revenue<\/em>\u201d. <\/p>\n<p>Details regarding UAE\u2019s casino regulatory framework are not yet available, but Wynn\u2019s management expects that gross gaming revenue (GGR) will be taxed at between 10% and 12%. <\/p>\n<p>Wynn Al Marjan Island is the company\u2019s fifth casino property. It currently operates two casinos in the US, one in Las Vegas and another one in Boston Harbor. In Macau, it also operates two properties through its subsidiary Wynn Macau Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Wynn\u2019s newest casino resort in the UAE will be named \u201cWynn Resorts Al Marjan Island\u201d The integrated resort complex is expected to launch in early 2027 Wynn will have 40% ownership in the development Wynn Resorts has unveiled the design of its new multi-billion casino resort project in the United Arab Emirates (UAE) which [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5373","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wynn Resorts Reveals Name and Design of $3.9bn UAE Integrated 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