Hotel and casino operator Wynn Resorts has made history by receiving the UAE’s first commercial gaming license from the General Commercial Gaming Regulatory Authority (GCGRA). This marks a major policy shift, as gambling has been previously prohibited in the region.
Wynn Al Marjan Island Resort in UAE: A Landmark Project
Wynn is developing a luxury resort on Al Marjan Island in Ras Al Khaimah, set to open in 2027. The resort will feature a gaming floor, over 1,000 hotel rooms, shopping, dining, and convention facilities, all aimed at redefining the concept of luxury hospitality in the region.
Strategic Joint Venture with Local Partners
The Wynn Al Marjan Island project is a joint venture between affiliates of Wynn Resorts, Marjan, and RAK Hospitality Holding. The collaboration is seen as a strategic move to boost Ras Al Khaimah’s tourism sector.
Economic Implications and Liberal Reforms
The issuance of the gaming license is part of the UAE’s broader economic reforms aimed at maintaining its competitive edge in the GCC region. These reforms include attracting high-end tourism and opening the gaming market, with MGM Resorts also applying for a license in Abu Dhabi.
Competing with Saudi Arabia in the Tourism Sector
The UAE’s moves come as Saudi Arabia intensifies efforts to attract tourism and investment. The federal entity established to regulate gaming and the liberal legal reforms are seen as steps to keep the UAE ahead as a hub for trade, tourism, and finance.
