Wynn Resorts' Q3 of 2025 brought the operator back to profit, recording a net income of $88.3 million.The figure shows a major difference compared to a loss of $32.1...
Wynn Resorts expects UAE gaming market competition
Wynn Resorts is expecting two competitors to come to the UAE gaming market within the next few years, given the projections that the sector will produce about $3-5 billion in gross gaming revenue.
Wynn, however, is already taking steps to get the biggest share of the market with its $3.9 billion Wynn Al Marjan resort, scheduled to open in early 2027.
After the company’s Q3 2025 results, CEO of Wynn Resorts Craig Billings said in a conference call with analysts:
“We were factoring in two incremental competitors and a market that is $3 billion to $5 billion of GGR. We always tend to operate at a fair share premium. With no announced competition that we’re aware of in the (UAE) market thus far, there probably is some conservatism in those estimates.”
Standing as the first licensed integrated gaming resort in the United Arab Emirates, the Wynn Al Marjan property, located in Ras Al Khaimah, is a joint venture between Wynn Resorts and RAK Holding.
Jim Murren, the Chairman of the General Commercial Gaming Regulatory Authority, expressed that there is a possibility of having four land-based casinos in the UAE over a...
