Las Vegas gambling operator Wynn Resorts to open first UAE casino
The UAE is looking to lure gaming tourists with the development of a large casino in the northern emirate of Ras al-Khaimah.
DUBAI — Las Vegas-based Wynn Resorts said Monday that it had secured the rights to build a $3.9 billion casino in Ras al-Khaimah, part of the United Arab Emirates, as the Gulf state looks to entice tourists with a gambling industry.
Wynn Resorts said in a statement that it will hold an analyst and investor update meeting on Tuesday to discuss Wynn Al Marjan Island, which is "currently under construction in the UAE."
Wynn said last week that it had been awarded a commercial license — the first of its kind for a casino operator in the UAE — by the country's General Commercial Gaming Regulatory Authority.
The GCGRA was established last year to regulate gaming, an indication of its growing importance for the country's tourism sector.
