Casinos in the United Arab Emirates have the potential to bring in billions of dollars for the country, and Wynn Resorts believes it will be the only operator for the foreseeable future.
The emirate of Ras Al Khaimah, home to over 450,000 people, will welcome the Wynn Al Marjan Island opening that same year. Construction is expected to cost about $3.9 billion, making it more expensive than comparable structures in Dubai, such as Burj Al Arab and Atlantis The Palm.
The United Arab Emirates (UAE) government declared in September the establishment of the General Commercial Gaming Regulatory Authority (GCGRA), a federal-level body charged with regulating and establishing “tight norms” for the country’s gaming sector.
Its establishment aroused rumors about nationwide gambling because ex-MGM CEO Jim Murren chaired it.
The UAE Casino Industry Is a Monopoly
Bill Hornbuckle, CEO of MGM, has discussed the long-delayed gaming license for his three-brand resort in Dubai on many occasions this year.
Bloomberg reported this week, citing anonymous sources, that the government of Dubai had delayed its casino plans. Thus, people will likely play the best online slot machines in Korea for now.
Caesars, another leading player in the UAE gaming market, unexpectedly withdrew from Dubai days after the GCGRA was established. Since 2018, the business has run a non-gaming resort in the emirate, and it has long anticipated that the government will legalize gambling there. With the new agreement between Ennismore and Dubai Holding, the government investment company, the resort will be rebranded as a Banyan Tree.
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