The terms of the agreement were not disclosed.
It is not known yet on which island Wynn will build its integrated resort. Marjan Island is a development of four reclaimed islands, with a number of hotels and residential developments. “The Department of Entertainment and Gaming Regulation within RAKTDA will consider the social, cultural, and environmental landscape of the emirate and cover licensing, taxation, operational procedures and consumer safeguards,” the agency said. However, the Ras Al Khaimah Tourism and Development Authority (RAKTDA) said it has created a Department of Entertainment and Gaming Regulation to oversee hotel operations, including casino gaming. In a statement on Tuesday (January 25), Wynn only announced that the project would include a “gaming area”, but did not elaborate. It is the first resort development to include legalized gambling on any of the seven emirates. The planned resort is set to open in 2026 and will be developed on the man-made Al Marjan Island in Ras Al Khaimah, the northern-most emirate in the UAE, which is dominated by Dubai.
One of the seven sheikdoms in the United Arab Emirates (UAE) will allow gambling and has created a regulatory agency to oversee a multi-billion-dollar integrated-resort casino to be operated by Wynn Resorts.
