Skift Take
Days after getting the green light for gaming, Wynn gives a presentation to investors. Here are the highlights.
Wynn Resorts has upped its budget, financial projections, and ambitions for its casino project in the UAE, according to a presentation it gave to investors and analysts Tuesday.
Wynn Al Marjan Island is scheduled to open in 2027, now with a $5.1 billion price tag, $1.2 billion more than previously planned.
The large-scale resort will be in Ras Al Khaimah (RAK), the fourth largest of the seven UAE emirates. Wynn now says it will develop almost all of Ras Al Khaimah's third Marjan Island - Island 3.
Wynn secured the the country's first casino license last Friday and Skift reported on the prospects for gaming in the UAE.
Skift received confirmation Tuesday from the General Commercial Gaming Regulatory Authority (GCGRA) that Wynn does have its gaming license secured.
The authority said: "The General Commercial Gaming Regulatory Authority (GCGRA) can confirm that a Commerci