{"id":777024467,"date":"2025-03-25T09:53:50","date_gmt":"2025-03-25T12:53:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024467"},"modified":"2026-04-22T00:29:49","modified_gmt":"2026-04-22T03:29:49","slug":"uae-ggr-could-reach-up-to-us8bn-a-year-wynn-resorts-ceo-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/uae-ggr-could-reach-up-to-us8bn-a-year-wynn-resorts-ceo-says","title":{"rendered":"UAE\u00a0GGR could reach up to US$8bn a year, Wynn Resorts\u00a0CEO says"},"content":{"rendered":"\n<p>The Wynn Al Marjan Island integrated resort is expected to open in the first quarter of 2027.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>United Arab Emirates.- Wynn Resorts CEO <strong>Craig Billings<\/strong> said he expects the UAE gaming market to generate between US$5bn and US$8bn in gross gaming revenue (GGR). He made the comment in an interview with CNBC\u2019s Jim Cramer, discussing the company&#8217;s plans for its integrated resort in the country.<\/p>\n\n\n\n<p>Billings also said Wynn is moving ahead with plans to buy Crown London, a private casino in Mayfair. Billings said the project is \u201ca small acquisition in dollar terms, but a big acquisition in strategic terms&#8221;. The company will gain a database of customers in the region that could help it grow its business in the UAE, as many potential UAW customers spend time in London.<\/p>\n\n\n\n<p>Billings said the company may build new casinos in Las Vegas and that it is watching the possible legalisation of casinos in Thailand.<\/p>\n\n\n\n<p>In October, the<strong> General Commercial Gaming Regulatory Authority (GCGRA) <\/strong>of the United Arab Emirates (UAE) granted a commercial gaming facility operator licence for\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/wynns-uae-ir-to-open-in-early-2027\" target=\"_blank\" rel=\"noreferrer noopener\">Wynn Al Marjan Island<\/a>\u00a0in Ras Al Khaimah.\u00a0The IR will feature 1,542 rooms and suites, 22 dining and social venues, a nightclub, a beach club, a pool area covering 3.6 hectares, a shopping promenade spanning 15,000 square metres and a 7,500-square-metre meetings and events centre. The gaming space will cover 225,000 square feet (20,903 square meters), 4 per cent of the gross floor area. <\/p>\n\n\n\n<p>In February, the company obtained a <a href=\"https:\/\/focusgn.com\/asia-pacific\/loan-secured-for-wynn-al-marjan-island-uae-casino-development\" target=\"_blank\" rel=\"noreferrer noopener\">US$2.4bn\u00a0construction facility<\/a> with a global syndicate of lenders to finance the development. Wynn Resorts said it was \u201cthe largest hospitality financing transaction in the history of the\u00a0United Arab Emirates.\u201d The venue&#8217;s opening is expected in the\u00a0<strong>first quarter of 2027<\/strong>.<\/p>\n\n\n\n<p>Wynn Resorts owns <strong>40 per cent of the project <\/strong>and is partnering with Marjan and RAK Hospitality Holding. The company had previously said the casino could generate a minimum of US$1.33bn in GGR annually. Billings noted that the resort is just 50 minutes from Dubai International Airport, making it easily accessible.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Wynn Resorts CEO Craig Billings goes one-on-one with Jim Cramer\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/RJLswZNRLEw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\">Source: CNBC.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Wynn Al Marjan Island integrated resort is expected to open in the first quarter of 2027.<\/p>\n","protected":false},"author":176,"featured_media":777024468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Resorts' CEO projects the UAE gaming market GGR at US$5bn-US$8bn, with the Wynn Al Marjan Island integrated resort set to open in Q1 2027 after securing its commercial gaming license and significant financing. The company is also strategically acquiring Crown London to leverage its customer database for UAE market growth and is exploring further expansion in Las Vegas and potentially Thailand.","focusai_entities":"Wynn Resorts, Craig Billings, CNBC, Jim Cramer, Crown London, General Commercial Gaming Regulatory Authority (GCGRA), Marjan, RAK Hospitality Holding","focusai_location":"United Arab Emirates, Ras Al Khaimah, London, Las Vegas, Thailand, Dubai","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"UAE GGR Drivers?","query":"What specific market segmentation and high-net-worth individual (HNWI) visitation projections underpin Wynn Resorts' US$5bn-US$8bn GGR forecast for the UAE, and how does this compare to established integrated resort markets?"},{"label":"Crown London Synergy?","query":"Beyond the customer database, what are the anticipated operational synergies and regulatory compliance challenges associated with integrating Crown London into Wynn Resorts' global portfolio, particularly in light of varying jurisdictional governance frameworks?"}],"footnotes":""},"categories":[28,16334],"tags":[23632,24674],"class_list":["post-777024467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-asia-news","tag-integrated-resorts","tag-wynn-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777024467"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024467\/revisions"}],"predecessor-version":[{"id":777024487,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024467\/revisions\/777024487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777024468"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777024467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}