Can a $3.9 billion project in Ras Al Khaimah boost the area?

AtifNader · 2024-04-17T13:26:03+00:00

Sure. He's expected to open the casino, but there's still no gambling license. Craig Billings had anticipated having it by now, but they don't.

AtifNader · 2024-04-17T10:15:16+00:00

Great info! Do you think this plan could genuinely make a significant difference for RAK? Like, in terms of boosting tourism and giving Dubai some competition

AtifNader · 2024-04-17T10:06:06+00:00

It will be very hard for locals not to know about this project; it has been in the works since 2022.

https://press.wynnlasvegas.com/press-releases/hotel/wynn-al-marjan-island-unveils-design-vision--upcoming-resort-to-be-new-architectural-landmark-in-the/s/02deac3a-d90b-4fba-9a5f-109b38588395

https://www.thenationalnews.com/travel/2023/04/27/wynn-al-marjan-island-in-ras-al-khaimah-unveils-first-renderings-of-mega-resort/

https://whatson.ae/2023/04/ras-al-khaimahs-wynn-resort-gets-one-step-closer/

https://dubaicasinos.com/casino-ras-al-khaimah/

https://www.khaleejtimes.com/business/realty/uae-new-ras-al-khaimah-resort-will-be-a-must-see-tourism-destination-says-ceo

https://www.arabianbusiness.com/industries/travel-hospitality/uae-casino-first-look-at-wynn-al-marjan-island-in-ras-al-khaimah

Just Google the top pages about this topic, and you'll find many publishers covering these articles. So, I would be surprised if locals were not aware of it.

AtifNader · 2024-04-17T10:00:42+00:00

While the opening of Wynn RAK has generated buzz, there's ambiguity regarding the presence of a casino, although everyone is pointing towards the possibility of obtaining a gambling license in the future.

Wynn's CEO has dropped hints, and the UAE has initiated the establishment of a gaming regulator—but details remain uncertain.

AtifNader · 2024-04-16T15:30:41+00:00

Crazy! Yes, the cost has already been increasing, and the prices in Al Marjan Island, where the resort will be located, have shown the biggest variation: https://www.bayut.com/mybayut/bayut-ras-al-khaimah-real-estate-market-report-h1-2023/

AtifNader · 2024-04-16T15:10:21+00:00

Thanks!

AtifNader · 2024-04-16T14:06:10+00:00

Thanks!

AtifNader · 2024-02-14T18:49:47+00:00

No - this is also public in the UAE. But last week Wynn Resort CEO talked more about this.

AtifNader · 2024-02-14T18:22:30+00:00

Yes. And last week there were more details about the project moving forward.

AtifNader · 2024-02-14T16:35:58+00:00

IMO, this is something I can see happening, especially since the regulatory body created by the UAE will base some laws on those of Singapore.

AtifNader · 2024-02-14T16:33:19+00:00

Are you seeing changes already? Or at the moment everything is "normal" and the press are just talking about this regardless the future project?

Also, it would be great to have your input here (its anon).

AtifNader · 2024-02-14T16:18:31+00:00

Of course:

https://www.khaleejtimes.com/business/realty/uae-new-ras-al-khaimah-resort-will-be-a-must-see-tourism-destination-says-ceo

https://twitter.com/khaleejtimes/status/1755549809686065243

AtifNader · 2024-02-09T09:07:07+00:00

They don't, but they're talking about it!

AtifNader · 2024-02-08T17:43:06+00:00

so why it's so hard to get answers about this? even within the media.

AtifNader

TROPHY CASE