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The UAE will limit each emirate to a single land-based gaming license

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Manage episode 445290715 series 2991040
Content provided by Alessandro de Rubertis. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Alessandro de Rubertis or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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Wynn Al Marjan Island in Ras Al Khaimah, will feature a 225,000 sq. ft gaming area, constituting about 4% of the property’s total floor area. It has been granted a 15-year renewable land-based gaming facility license, marking the UAE's first commercial gaming operation.

The property is expected to generate long-term economic benefits for Ras Al Khaimah, including the employment of 7,500 staff and growth in leisure and MICE (meetings, incentives, conferences, and exhibitions) tourism.

The UAE will limit each emirate to a single land-based gaming license. Wynn anticipates that two other "competitive integrated resorts" will eventually be established in the country. Last month, US-based MGM Resorts International revealed it had submitted an application for a gaming license in Abu Dhabi.

The project represents a $5.1 billion investment, with $4 billion allocated to development costs. It is described as the largest foreign direct hospitality investment in Ras Al Khaimah. Wynn anticipates significant revenue from both gaming and non-gaming activities.

The resort will be a full-scale luxury integrated development, featuring 1,542 rooms and suites, 22 dining outlets, a shopping esplanade, and conference facilities.

Source: https://www.khaleejtimes.com/business/uae-casino-operator-wynn-reveals-gaming-area-size-at-ras-al-khaimah-property

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243 episodes

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iconShare
 
Manage episode 445290715 series 2991040
Content provided by Alessandro de Rubertis. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Alessandro de Rubertis or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Send us a text

Want to know more? Below my contact details

+971553523125

[email protected]
Wynn Al Marjan Island in Ras Al Khaimah, will feature a 225,000 sq. ft gaming area, constituting about 4% of the property’s total floor area. It has been granted a 15-year renewable land-based gaming facility license, marking the UAE's first commercial gaming operation.

The property is expected to generate long-term economic benefits for Ras Al Khaimah, including the employment of 7,500 staff and growth in leisure and MICE (meetings, incentives, conferences, and exhibitions) tourism.

The UAE will limit each emirate to a single land-based gaming license. Wynn anticipates that two other "competitive integrated resorts" will eventually be established in the country. Last month, US-based MGM Resorts International revealed it had submitted an application for a gaming license in Abu Dhabi.

The project represents a $5.1 billion investment, with $4 billion allocated to development costs. It is described as the largest foreign direct hospitality investment in Ras Al Khaimah. Wynn anticipates significant revenue from both gaming and non-gaming activities.

The resort will be a full-scale luxury integrated development, featuring 1,542 rooms and suites, 22 dining outlets, a shopping esplanade, and conference facilities.

Source: https://www.khaleejtimes.com/business/uae-casino-operator-wynn-reveals-gaming-area-size-at-ras-al-khaimah-property

  continue reading

243 episodes

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