Dubai Casino Project - Al Marjan Island Casino
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A multi-billion-dollar integrated resort is being developed in Ras Al Khaimah by Las Vegas gaming giant Wynn Resorts, and it is set to permanently change the entertainment landscape of the UAE. Here is everything we know so far about this landmark project.
First announced in January 2022, the Wynn Al Marjan Island will be the brand's first property in the Middle East when it opens in early 2027.
Work is already underway. As detailed in the 'Wynn Resorts, Limited Reports Second Quarter 2023 Results' (published on August 9, 2023), construction has commenced. Craig Billings, CEO of Wynn Resorts Limited, stated: "On the development front, we were excited to begin construction on Wynn Al Marjan Island, which we believe will be a 'must-see' tourist destination in the UAE."
It certainly seems so. Wynn Resorts CEO, Billings, went as far as to say during an earnings call in September 2022 that the casino component is "shaping up to be somewhat larger than Wynn Las Vegas." This, combined with the UAE's establishment of a regulatory board to create a commercial gaming framework, and the resort's own listed features including a "gaming area," means it's no real gamble to assume the answer is yes.
Massive. We know its tower will peak at an impressive 305 meters above the sea, an immense size for an island construction. To give you a sense of scale, the tallest building on Palm Jumeirah, The Palm Tower, stands at 240 meters, and its views are absolutely stunning.
Inside this towering entertainment monolith, we can look forward to a resort space of 1,500 rooms, suites, and villas.
Estimates for the project, sometimes referred to as the Dubai Casino Project due to its proximity and scale, put the cost at US$3.9 billion (Dhs 14.32 billion).
Besides the gaming dimension, entertainment will come in the form of a theater hosting unique productions, daily light and laser shows, indulgent spa and wellness experiences of the brand's standard, as well as luxury brand shopping opportunities.
Billings stated in 2022 that Wynn would only enter a market where gaming legislation is in place. Regarding Wynn Marjan, he said during the Q4 2021 earnings call, just a month after the project was announced, that "no further enabling legislation is required."
He continued: “We are not looking at a multi-year process for legalization as we have seen in some other markets. The regulations are well-advanced, modeled after those in Singapore and the US. The tax rate and license structure are quite reasonable.”
"And finally, with the regulatory framework taking shape and a regulator in place, we will be licensed to conduct gaming in Ras Al Khaimah."
Ras Al Khaimah will soon get a taste of Las Vegas, thanks to Wynn Resorts' plans to open the first integrated resort in the MENA region. The multi-billion dollar resort, to be built on Marjan Island, will feature over 1,500 rooms, high-end shopping, a state-of-the-art meetings and convention center, a luxury spa, more than ten restaurants and lounges, a wide variety of entertainment options, a gaming area, and other amenities.
The resort is a landmark project for Ras Al Khaimah's expanding hospitality sector. It will be developed according to the highest standards of sustainability best practices. The five-star facilities will offer stunning views of the Arabian Gulf, sandy beaches, and even a marina for guests to enjoy.
The project will bring a significant amount of foreign direct investment into the emirate. Additionally, it will substantially benefit the local economy by boosting tourism, creating jobs, and stimulating the growth of related industries.
The resort will be located on RAK’s Marjan Island, a man-made archipelago extending 4.5 kilometers into the Arabian Gulf. Marjan, consisting of four islands, has positioned RAK as a preferred choice for travelers from all over the world seeking a sunny holiday. As the company’s first international beachfront resort, the Wynn complex is expected to be a major tourist draw for Ras Al Khaimah.
Capitalizing on a long-standing prohibition of gambling in the Gulf Arab states, Wynn Resorts announced it would open a casino in the lavish resort it is building in the United Arab Emirates. The opening of the casino will be a watershed moment for the region.
The new casino is planned amid a fiercely competitive environment in the Gulf, with the UAE, the region’s business and tourism hub, competing with Saudi Arabia, which is rapidly developing as it diversifies away from oil dependence. While Ras Al Khaimah is not as well-known as the other six UAE emirates, this project is set to change that. The casino will occupy about 4% of the hotel's total area and will be the first of its kind in the United Arab Emirates.
The Wynn resort in Ras Al Khaimah is scheduled to open in early 2027.
The resort will have approximately 1,500 rooms, suites, and villas.
According to the announcement, the resort will feature a luxury shopping mall, a state-of-the-art meeting and conference facility, a spa, and ten or more restaurants and lounges, various entertainment options, and a gaming area.
Craig Billings is the CEO of Wynn Resorts Ltd., which is among the most recognized luxury resort brands worldwide.
Wynn Resorts are located in the USA (Las Vegas, Boston) and Macau. The new address in Ras Al Khaimah will be its first in the MENA region.
You may already be aware that RAK, the emirate neighbouring Dubai, has made a confident claim that Wynn Al Marjan Island will be located on Al Marjan Island. However, if you are unfamiliar with this region of the UAE, we have a useful information sheet for you. Al Marjan is located at the Ajman/Sharjah end of the Ras Al Khaimah (RAK) Emirate, which keeps it approximately one hour's drive from Dubai City Centre. Al Marjan Island is actually a network of four separate man-made islands constructed using 2.7 million square metres of reclaimed sand.