The CEO of Wynn Resorts, Craig Billings, has outlined the company’s plans to develop a $2bn integrated resort project at Ras Al Khaimah in the UAE, as it seeks to grow its brand worldwide.
The UAE is a limited supply market and so Wynn will hold the region’s only gaming licence, giving the company exclusive access to a huge volume of international tourists and visitors.
Planned to be built on the man-made Al Marjan Island in Ras Al Khaimah, the resort is scheduled to open in 2026, with Wynn aware of what the company describes as opportunities to develop beyond that.
A statement underlined the belief that this location will work to further increase Wynn’s global presence, saying that the resort will put 95% of the world’s population within an eight-hour flight of the Wynn brand.
Billings stated: “There has been tremendous modernisation and progression in the UAE. Dubai airport sees more than 80m passengers a year, and there is an amazing amount of inbound visitation from Europe, the Middle East, India and other surrounding countries. We believe there will be a robust cash-based business. We see it as a real extension of our brand.”
