BusinessToday – In a historic move, Wynn Resort has become the first casino to receive a gambling license from the United Arab Emirates. The announcement was made by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, during a press conference at the Burj Al Arab Hotel in Dubai.
The decision to grant Wynn Resort a gambling license marks a major shift in the UAE’s stance on gambling. Traditionally, the country has maintained strict laws prohibiting all forms of gambling, citing religious and cultural reasons. However, the government has recently been exploring ways to diversify its economy and attract more tourists, leading to the decision to allow limited gambling operations.
Wynn Resort, a luxury hotel and casino located in Las Vegas, is known for its opulent accommodations and world-class entertainment offerings. The company has been eyeing expansion opportunities in the Middle East for some time, and the UAE’s decision to issue a gambling license has provided the perfect opportunity for Wynn to make its mark in the region.
“We are thrilled to be the first casino to receive a gambling license from the UAE,” said Wynn Resort CEO Matt Maddox. “This is a significant milestone for our company and a testament to the hard work and dedication of our team. We look forward to bringing our unique brand of luxury and entertainment to the people of Dubai and beyond.”
The gambling license granted to Wynn Resort will allow the company to operate a limited number of casino games, including slots, table games, and poker. The resort will also offer a range of dining options, entertainment venues, and luxury accommodations for guests.
In addition to boosting tourism and attracting high-end clientele, the presence of a luxury casino in Dubai is expected to have a positive impact on the local economy. The resort will create hundreds of jobs and generate significant revenue for the government through taxes and licensing fees.
The decision to grant Wynn Resort a gambling license has sparked interest from other international casino operators, who see the UAE as a lucrative market for expansion. With its thriving economy, world-class infrastructure, and growing tourism industry, Dubai is poised to become a major player in the global gambling market.
As the first casino to receive a gambling license from the UAE, Wynn Resort is paving the way for future development in the country’s gaming industry. With its reputation for excellence and commitment to luxury, the resort is poised to set a new standard for entertainment in Dubai and beyond.