{"id":9789,"date":"2025-09-11T00:48:41","date_gmt":"2025-09-11T00:48:41","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/09\/11\/wynn-resorts-gains-land-rights-for-possible-second-uae-casino\/"},"modified":"2025-09-11T00:48:41","modified_gmt":"2025-09-11T00:48:41","slug":"wynn-resorts-gains-land-rights-for-possible-second-uae-casino","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/09\/11\/wynn-resorts-gains-land-rights-for-possible-second-uae-casino\/","title":{"rendered":"Wynn Resorts Gains Land Rights for Possible Second UAE Casino"},"content":{"rendered":"<div>\n<p>Wynn Resorts and its partners in the United Arab Emirates gained land rights on Al Marjan Island for a second integrated resort in Ras Al Khaimah. The deal also opens the door for a possible IPO of their joint venture in the future.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The new development plot totals nearly 1.5 million square feet, including reclaimed land.<\/strong><\/em><\/li>\n<li><em><strong>Wynn holds a 40% stake in the venture through its local unit.<\/strong><\/em><\/li>\n<li><em><strong>Any second property decision will follow the opening of Wynn\u2019s first resort in 2027.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>The agreement with local partners RAK Hospitality Holding LLC and Al Marjan Island LLC covers multiple parcels on Al Marjan Island. The \u201cSecond Integrated Resort Plot\u201d alone accounts for 593,870 square feet of existing land plus another 892,307 square feet planned for reclamation.<\/p>\n<p>According to the pact, Wynn SPV\u2014or an affiliate\u2014would operate any casino developed on the new site and remain the sole casino operator for the second resort. Wynn also secured rights to management fees in addition to its 40% equity stake.<\/p>\n<p>Wynn is already building a <a href=\"https:\/\/igaming.org\/casino-news\/wynn-resorts-targets-uae-market-with-luxurious-wynn-al-marjan-island-project\/\">$5.1 billion integrated resort<\/a> on the island, set to open in early 2027 with Ras Al Khaimah\u2019s first casino. The development includes an exclusive 15-year renewable gaming license, and the company has projected at least $1.33 billion in annual gross gaming revenue once the property is fully operational.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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And you shouldn\u2019t be surprised over the course of the next year or so to hear us talk about using portions of that land bank.\u201d<\/em><\/p>\n<p>Still, Wynn\u2019s chief communications officer Michael Weaver noted in comments to Arabian Gulf Business Insight (AGBI) that the company will wait until after the 2027 opening before making any decisions on a second resort.<\/p>\n<p>The agreement also outlines several pathways for an eventual IPO of the joint venture. Options include converting it into a public joint stock company, setting up a new holding structure, or merging with another entity. Weaver stressed, however, that no decision has been made on pursuing a listing.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Industry analysts suggest any green light for a second UAE casino will take time. Wynn also faces restrictions on expanding to another Gulf Cooperation Council (GCC) jurisdiction without shareholder approval.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/wynn-resorts-gains-land-rights-for-possible-second-uae-casino\/\">Wynn Resorts Gains Land Rights for Possible Second UAE Casino<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wynn Resorts and its partners in the United Arab Emirates gained land rights on Al Marjan Island for a second integrated resort in Ras Al Khaimah. The deal also opens the door for a possible IPO of their joint venture in the future. Good to know The new development plot totals nearly 1.5 million square [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9789","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9789"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9789\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}