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RAK Casino is coming? Wynn to receive Gambling License

Wynn Resorts Awarded First Commercial Gaming License in UAE

Wynn Resorts, the renowned Las Vegas-based hotel and casino operator, has been granted the first commercial gaming operator’s license in the United Arab Emirates. This groundbreaking development was announced by the company on Friday, marking a significant milestone in the UAE’s evolving entertainment and tourism landscape.

Project Details and Partnerships

The license, issued by the UAE’s General Commercial Gaming Regulatory Authority, paves the way for Wynn Resorts to develop a luxury resort on Al Marjan Island in Ras Al Khaimah. This ambitious project is a joint venture involving affiliates of Wynn Resorts, Marjan, and RAK Hospitality Holding. The resort, currently under construction, is poised to become a landmark destination, blending Wynn’s signature luxury with the UAE’s world-class hospitality.

Implications for the UAE’s Economic Strategy

This move by the UAE to regulate gambling represents a significant shift in the region’s approach to entertainment and tourism. It comes as part of a broader strategy to diversify the economy and maintain the UAE’s competitive edge as a global hub for trade, tourism, and finance. The decision to allow gambling, traditionally prohibited in the conservative Gulf region, is set against a backdrop of intensifying economic competition, particularly with neighboring Saudi Arabia.

The establishment of a federal entity to regulate gambling, staffed by veterans of the U.S. industry, underscores the UAE’s commitment to this new direction. This development, coupled with recent liberal legal reforms, signals the country’s determination to enhance its appeal to international visitors and investors, potentially reshaping the tourism landscape in the Gulf region.

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