Wynn Resorts has upped its budget, financial projections, and ambitions for its casino project in the UAE, according to a presentation it gave to investors and analysts Tuesday.
Wynn Resorts has upped its budget, financial projections, and ambitions for its casino project in the UAE, according to a presentation it gave to investors and analysts Tuesday.
The proposed $3.9 billion Wynn Al Marjan has caused a development frenzy in Ras Al Khaimah, the once-quiet man-made island– located about 70 minutes drive from Dubai International Airport. Just about every major hotel operator has a project underway, and as Bloomberg reported last month, developers have snapped up every available plot.
Integrated resort operator Wynn Resorts confirmed that it would be operating a casino at its resort in Ras Al Khaimah.
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Wynn Resorts’ CEO said recently that efforts to secure a gaming license for the Wynn Al Marjan in United Arab Emirates’ Ras Al Khaimah is “imminent” and gave additional details.
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