The post Wynn Resorts Reportedly Has Land Reserved for Developing a Second UAE Casino appeared first on Vegas Slots Online News.
Wynn Resorts is in the process of building the first-ever casino in the United Arab Emirates (UAE), with its property in Ras Al Khaimah scheduled for a 2027 opening. Arabian Gulf Business Insight (AGBI) has reported that the Las Vegas-based company has a second parcel of land reserved for another prospective casino project.
The AGBI has seen a shareholder agreement for the deal that involves Wynn, Al Marjan Island LLC, and RAK Hospitality Holding. It outlines other property interests on the island, outside of the upcoming integrated resort.
One of these is labeled as a “Second Integrated Resort Plot.” It is located on almost 600,000 square feet of existing land and mentions the potential reclaiming of another 892,306 square feet.
can’t open a Wynn-branded casino, residential, or hotel property in the vicinity for a decade
The agreement contains a clause stating that Wynn or any affiliates can’t open a Wynn-branded casino, residential, or hotel property in the vicinity for a decade after the integrated resort opens unless other shareholders give their seal of approval. Wynn Resorts remains the only company with a license to develop a casino in the UAE.
Other big industry players have shown interest in getting their own projects up and running, most notably MGM Resorts International, which has submitted an application to build a casino in Abu Dhabi.
The post Wynn Resorts Reportedly Has Land Reserved for Developing a Second UAE Casino appeared first on Vegas Slots Online News.
