The ongoing Wynn Resorts joint integrated resort projects in Ras Al Khaimah's (RAK), UAE are expected to provide significant short-term growth momentum to the emirate, and serve as a catalyst to attract further investment, Fitch Ratings predicted in a recent analysis.

The emirates of Ras Al Khaimah and Abu Dhabi will push ahead with plans to open casinos in the UAE after Dubai reportedly pulled out of the race, Bloomberg reported.

The $5.1 billion Wynn Al Marjan project, set to be the UAE’s first integrated resort featuring a casino, is well underway, with 55 percent of the structural concrete now complete and a new floor being added each week.

Max Tappeiner, president of Wynn Al Marjan Island, believes the resort will elevate Ras Al Khaimah to the status of the fourth major gaming market worldwide.

Wynn Resorts' luxurious project, Wynn Al Marjan Island in Ras Al Khaimah, is confirmed to open in the first quarter of 2027.

On track for a cash flow crescendo! Wynn Al Marjan Island is set to enhance Wynn Resorts' global cash flow by 2027, according to Deutsche Bank, with a projected GGR of up to $1.66 billion and significant margin improvements from lower UAE gaming tax rates. Meanwhile, despite economic challenges in China, the online travel agency platform Trip.com reported record travel orders, reaching an all-time high during October's Golden Week and surpassing 2019 figures. Top outbound destinations included Japan, Thailand, and Malaysia, indicating resilient travel demand.

Morgan Stanley notes that Thailand and the UAE's gaming sectors could significantly enhance global gross gaming revenue (GGR), with estimates suggesting that both could contribute between $3 billion and $5 billion in GGR each.

Wynn Resorts has announced the internal appointment of Max Tappeiner to the role of President of Wynn Al Marjan Island, the group’s property currently under development in the United Arab Emirates (UAE).

Wynn Resort’s Macau operations saw some $885.3 million in revenue during the second quarter, with rises from both its Macau peninsula and Cotai property – up by $35.7 million and $79.7 million yearly, respectively.

Wynn Resorts’ casino in the United Arab Emirate of Ras al-Khaimah could be “really in trouble” if nearby Dubai also chooses to allow gaming in the emirate.