Wynn Resorts’ Ras Al Khaimah Casino Could Propel UAE to Fourth-Largest Global Gaming Market

Wynn Resorts is constructing a new casino resort in Ras Al Khaimah, United Arab Emirates (UAE), which may position the emirate as the fourth-largest gaming market globally. This ambitious projection comes from Max Tappeiner, president of Wynn Resort Al Marjan Island, who spoke at the Future of Ras Al Khaimah Conference last Friday. The General Commercial Gaming Regulatory Authority (GCGRA) recently granted a gaming license to the Wynn property, marking the UAE’s first-ever casino license.

"With Al Marjan, we’re excited for this opportunity,” Tappeiner said. “There are only three major gaming markets in the world right now, and we think this could become the fourth.” Presumably, he referred to Las Vegas, Macau, and Singapore as the current top three gaming markets.

Located on Al Marjan Island in Ras Al Khaimah, the $3.9 billion Wynn project has been under construction for several months and is slated to open in early 2027. The property’s development is a collaboration between Wynn Resorts and RAK Hospitality Holding.

A Potential Major Market in the Making

Should other emirates follow Ras Al Khaimah in legalizing casino gaming, the UAE as a whole could eventually claim a spot among the top four global gaming destinations. Some analysts project the UAE’s annual gross gaming revenue (GGR) could reach between $3 billion and $5 billion, driven by Wynn Al Marjan Island and potential future integrated resorts. Current forecasts anticipate Wynn Al Marjan Island alone to generate $1.4 billion in yearly GGR, assuming additional licenses are granted in the region.

As of now, MGM Resorts International (NYSE: MGM) is the only other major casino operator that has publicly indicated interest in a UAE license. However, should the regulatory landscape continue to liberalize, additional high-profile industry names may enter the market.

The Wynn Al Marjan resort is strategically located, accessible within an eight-hour flight for 96% of the world’s population, and within reach for 76% of the global population in Ras Al Khaimah alone, according to Tappeiner. Situated just 52 miles from Dubai, the property’s proximity to the UAE’s tourism hub could prove advantageous. Dubai is home to luxury hotels and attracts affluent tourists, providing an ideal client base for a high-end casino resort like Wynn Al Marjan.

Timing and Strategy Favor Wynn’s UAE Entry

With its extensive focus on non-gaming features, such as luxury accommodations, dining, and entertainment, Wynn could be an ideal fit for the UAE’s fledgling gaming industry, particularly given regional sensitivities toward gambling. Gaming facilities are expected to occupy only 4% to 5% of Wynn Al Marjan’s overall floor space, underscoring that the casino will be only a small part of the broader resort experience.

Tappeiner underscored Wynn’s commitment to quality, saying, “It takes somebody exceptional to build a building like this, somebody who is committed to the absolute best and will not compromise on their vision. We intend to drive this asset as fast as possible to ensure we fulfill the vision.”

With a multi-year lead as the only casino resort in the UAE, Wynn Al Marjan Island appears well-positioned to capture the interest of tourists and capitalize on its prime location.

By fLEXI tEAM