Wynn Resorts secures $2.4B loan for UAE casino project
A developer and operator of high-end hotels and casinos, Wynn Resorts secured a $2.4 billion loan to promote the first casino project in the Middle East, Wynn Al Marjan...
Wynn Resorts CEO predicts huge potential in the UAE
Wynn Resorts CEO Craig Billings shares his optimistic opinion on the company’s future in the United Arab Emirates (UAE), seeing huge potential in the region.
In his recent interview on CNBC’s “Mad Money”, Billings highlighted that the UAE could eventually surpass Las Vegas in gaming revenue. This is a bold prediction for a market that only recently approved casinos.
Billings told Cramer.
“Several analysts have come out with gaming market estimates, ranging in the $5 to $8 billion range. To put that in perspective, the Las Vegas Strip, a little over $6 billion. So that’s a substantial market opportunity.”
Wynn Al Marjan Island resort, currently under construction in Ras Al Khaimah, is set to welcome its guests in 2027. The resort will feature 1,500 rooms, 25 restaurants, and numerous non-gaming attractions. There’s even talk of multiple casinos on the property, including a high-end “sky casino” catering to elite players.
Additionally, Wynn is expanding its reach by acquiring Crown Resorts’ London casino, which helps solidify ties with Middle Eastern clientele. Billings also mentioned potential plans to expand in Las Vegas and Thailand, with Wynn exploring gaming opportunities in both locations.
As Wynn continues to invest in the UAE and other markets, Billings is confident that the company’s global footprint will grow, positioning Wynn for long-term success.
Wynn Resorts takes over Crown London to expand global reach
Wynn Resorts will be buying Crown London from Crown Resorts, with the deal anticipated to be completed in the second half of 2025.Wynn Resorts will be taking over Crown...
