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Here's Why Wynn Resorts Is Gambling $3.9 Billion On The UAE

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With its first casino resort set to open in 2027, a little-known emirate is suddenly an unlikely hot gaming market. Here’s how the U.S. casino giant made a high-stakes bet on its future—and left Abu Dhabi, Dubai and other casino operators in the dust. Wynn Resorts CEO Craig Billings raised eyebrows a year ago when he told investors that the United Arab Emirates was the ā€œthe most exciting new market opening in decades.ā€ Outside of Egypt and Lebanon, casinos are practically nonexistent in the Middle East, since majority Muslim countries typically ban gambling. Even more intriguing: At the time Billings was enthusing about the UAE’s gaming future, the kingdom had exactly zero casinos. It didn’t even have a gaming authority. Read the full story from Suzanne Rowan Kelleher here: https://www.forbes.com/sites/suzannerowankelleher/2024/11/08/wynn-resorts-uae-casino-rak/ Subscribe to Forbes Life: https://www.youtube.com/c/ForbesLife?sub_confirmation=1 Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbesvideo Forbes Video on Instagram: http://instagram.com/forbesvideo More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

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