{"id":957,"date":"2025-09-23T16:46:54","date_gmt":"2025-09-23T16:46:54","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=957"},"modified":"2025-09-29T11:53:01","modified_gmt":"2025-09-29T11:53:01","slug":"wynn-uae-casino-could-lure-3-5-million-tourists-to-home-island-says-exec","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/09\/23\/wynn-uae-casino-could-lure-3-5-million-tourists-to-home-island-says-exec\/","title":{"rendered":"Wynn UAE Casino Could Lure 3.5 Million Tourists to Home Island, Says Exec"},"content":{"rendered":"<ul>\n<li><strong>CEO of Marjan Properties says Wynn casino hotel could help island reach annual visitation of 3.5 million by 2030<\/strong><\/li>\n<li><strong>If all those tourists visit the Wynn integrated resort, yearly visitation could compare well with individual Las Vegas gaming venues <\/strong><\/li>\n<li><strong>Wynn Al Marjan Island recently reached the 61<sup>st<\/sup> floor and is on pace to open in 2027<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Wynn Al Marjan Island could be a major contributor in luring 3.5 million travelers per year to <a href=\"https:\/\/www.casino.org\/news\/wynn-nearing-start-of-uae-hotel-construction\/\">Ras Al Khaimah<\/a>, the emirate in which the casino hotel is being built.<\/p>\n<figure id=\"attachment_331871\" aria-describedby=\"caption-attachment-331871\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-331871 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"UAE casino\" width=\"858\" height=\"483\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/09\/UAE-858x483-1.jpg\"><figcaption>A rendering of Wynn&#8217;s UAE casino hotel. A real estate executive says the resort could contribute to bringing 3.5 million annual visitors to its home emirate. (Image: 11 Prop\/YouTube)<\/figcaption><\/figure>\n<p>In a recent interview with <em>The Khaleej Times<\/em>, Marjan Properties CEO Abdulla Al Abdouli said the venue, which is the first of its kind in the Arab world, could significantly boost tourism to Ras Al Khaimah. That emirate is a short flight from Dubai, and the city of the same name is the sixth-largest in the United Arab Emirates (UAE).<\/p>\n<blockquote class=\"main-blockquote\">\n<p>The Ras Al Khaimah Tourism Development Authority aims to attract more than 3.5 million visitors by 2030,\u201d said Al Abdouli in the interview. \u201cTo achieve this, we need more hospitality keys and active investor participation in real estate, including hotels and apartment.\u201d<\/p>\n<\/blockquote>\n<p>Wynn Resorts\u2019 (NASDAQ: WYNN) Wynn Al Marjan Island carries a price tag of $5.1 billion and will feature 1,542 guestrooms. Wynn is <a href=\"https:\/\/www.casino.org\/news\/wynn-can-self-fund-uae-casino-resort-says-analyst\/\">self-funding its 40% share<\/a> of the project. The gaming company\u2019s local partners are Marjan LLC and RAK Hospitality Holding LLC.<\/p>\n<h2>Wynn UAE Casino Visitation Could Be Significant<\/h2>\n<p>Wynn Al Marjan Island and, in turn, Ras Al Khaimah are seen benefiting from proximity to Dubai and expectations that the gaming venue will hold a multiyear monopoly in the UAE.<\/p>\n<div class=\"callout\">\n<p>Throw in the UAE\u2019s vast local wealth and the integrated resort\u2019s accessibility (it\u2019s within an eight-hour flight of a massive percentage of the world\u2019s population), and it\u2019s not surprising that as <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-generate-1-4b-in-ggr-say-analysts\/\">Wynn Al Marjan Island ramps up<\/a>, it\u2019s expected to be a major driver of tourism for its home emirate.<\/p>\n<\/div>\n<p>While 3.5 million visitors pales in comparison to the more than 41 million that arrived in Las Vegas last year, if the bulk of those travelers to Ras Al Khaimah enter the Wynn property, annual visitation there could eventually compare favorably with what\u2019s seen at some individual casino resorts on the Strip. That implies the venue could be a boon to the emirate\u2019s local economy.<\/p>\n<p>\u201cSupporting it requires residential units and apartments as well. Many businesses will be created there. It will be an integral part of Ras Al Khaimah\u2019s economy,\u201d Al Abdouli told <em>The Khaleej Times.<\/em><\/p>\n<p>Wynn and its partners hold a massive plot of unused land near Wynn Al Marjan Island, and that acreage could eventually be used for <a href=\"https:\/\/www.casino.org\/news\/wynn-could-evaluate-uae-ipo-second-casino-there\/\">a variety of expansion efforts<\/a>, including possibly a second gaming venue, though that hasn\u2019t been confirmed.<\/p>\n<h2>Bright Outlook for Wynn UAE Casino<\/h2>\n<p>The investment community is awakening to Wynn\u2019s UAE opportunity set. In <a href=\"https:\/\/www.casino.org\/news\/wynn-resorts-stock-a-catalyst-rich-environment-says-analyst\/\">a report out last week<\/a>, Stifel analyst Steven Wieczynski estimated that when Wynn Al Marjan Island comes online in 2027, the property could move toward accounting for 15% of the operator\u2019s earnings before interest, taxes, depreciation, and amortization (EBITDA).<\/p>\n<p>He added that the UAE property could be worth $18 to $25 a share and that Wynn\u2019s current stock price excludes or undervalues potential UAE contributions.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-lure-3-5m-tourists-to-home-island-says-exec\/\">Wynn UAE Casino Could Lure 3.5 Million Tourists to Home Island, Says Exec<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEO of Marjan Properties says Wynn casino hotel could help island reach annual visitation of 3.5 million by 2030 If all those tourists visit the Wynn integrated resort, yearly visitation could compare well with individual Las Vegas gaming venues Wynn Al Marjan Island recently reached the 61st floor and is on pace to open in 2027 Wynn Al Marjan Island [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/957"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=957"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/957\/revisions"}],"predecessor-version":[{"id":960,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/957\/revisions\/960"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/959"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=957"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}