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...
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 Island.
Set to open in 2027, Wynn Al Marjan Island aims to compete with global gambling hotspots like Macau and Las Vegas with its vibrant gaming floor, over 1,000 luxurious hotel rooms, convention spaces, and a variety of shops and restaurants to explore.
Currently, Wynn holds a gambling monopoly in the UAE market. The UAE’s General Commercial Gaming Regulatory Authority approved Wynn’s UAE license back in October 2024 and kept competitors at bay.
Now, with this loan, the company and its partners will have the opportunity to manage their funds flexibly as the currency of the loan is both dollars and dirhams. Earlier, Wynn announced the budget increase to $5.1 billion.
Other major casino operators are also targeting the UAE. However, currently, it is only Wynn Resorts that has the crown. Moreover, the company plans to complete a hotel tower by the end of this year. The secured funding ensures the project stays on track, bringing the Middle East its first-ever integrated casino resort.
If successful, Wynn Al Marjan Island could set the stage for a new era of gaming in the region.
Wynn Las Vegas takes the title of Top Luxury Casino Hotel
Wynn Las Vegas has claimed the crown as the most prestigious casino hotel on the Strip, according to Luxury Lifestyle Magazine’s latest ratings.Before naming Wyyn Las...
