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UAE regulator appears unlikely to approve a second casino licence soon, CBRE says

Business

The UAE’s General Commercial Gaming Regulatory Authority appears unlikely to approve a second gaming licence in the near term, CBRE analysts said, potentially extending Wynn Resorts’ head start. Wynn Al Marjan Island is expected to open in early 2027; the source says the resort is under construction in Ras Al Khaimah.

The regulator’s licensing outlook could affect Wynn’s competitive position and other operators’ timing for entering the UAE casino market.

End-of-day close Wynn Resorts (WYNN), USD, to 16 May 2025
Story date18 February 202516 May 2025

Latest reported results

Wynn Resorts NASDAQ: WYNN

Quarter ended 30 September 2026

Revenue
USD 1.69bn
Operating income
USD 178.2m10-Q filing 0001174922-26-000079

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