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One $2 billion Integrated Casino Resort United Arab Emirates (UAE) is one of the key priorities Wynn Resort According to Wynn Resorts CEO, the company seeks to expand its brand globally Craig Billings.
Billings, now chief executive of the casino resort operator for more than six months, also discussed the company’s plans related to interactive gaming, what’s next for Las Vegas and Boston and how quickly Macau’s gaming industry will recover. In an interview at the corporate office of Wynn Resorts Las Vegas.
Emirates Integrated Resort
Asked about Wynn Resorts, a $2 billion integrated casino resort project announced that it will build On the man-made Al Marjan island in Ras Al Khaimah, UAE, Billings outlines the potential of the destination as it places the Wynn brand within an eight-hour flight, serving 95% of the world’s population.
The integrated resort, which is scheduled to open in 2026, will benefit from the modernization and advancements in the UAE, with more than 80 million passengers a year at Dubai Airport alone, Billings said, outlining that people from Europe, the Middle East, India and other surrounding countries give the company a reason to It is believed that business there will grow strongly and will provide a “true extension” to the Wynn Resorts brand.
Most importantly, Billings added, Wynn Resorts will remain the region’s only gaming destination for the foreseeable future, where people “do things with purpose,” while Ras Al Khaimah offers many other games. other opportunities.
In May, Wynn Resorts and its consortium partners RAK Hospitality and Marjan, choose HKS Architects acts as the design consultant for the integrated resort, ensuring that the resort design fits perfectly with the modern architecture of the area.
interactive game
Regarding interactive gaming, Billings explained that the company’s next opportunity is in Massachusetts, where sports betting legislation is in its final stages, and Wynn Resorts will be active from day one as it has a land-based facility, Encore Boston Harbor to support business.
He also mentioned opportunities in California, where Wynn Resorts is located part of the group of sportsbook operators propose mobile and retail sportsbooks.
Billings noted that the state is important because of its proximity to Las Vegas, noting that in-person registration and in-person deposits are the main reasons why the WynnBet mobile app is unavailable in Nevada, as they would disadvantage the company its competitors and hinder their ability to expand their business.
Wynn Las Vegas and Encore Boston Harbor
When asked about the company’s plans related to the vacant lot it owns on the Las Vegas Strip, Billings replied that the opportunity is there, but it’s a “matter of timing” as many other factors could affect cost and needs, and outlines that Wynn Resorts has have other ideas.
As for the Encore Boston Harbor expansion, Billings said the recently acquired 11 acres of adjacent land will be used to build a parking lot, a theater and some dining venues, but most importantly Encore doesn’t have enough parking spaces during peak hours.
Billings, who was also asked to share his views on the recovery of Macau’s gaming industry, said there will be major changes in the market, which will lead to changes in the nature of tourists and the nature of consumers, with a focus on leisure and entertainment. retail, but the destination will maintain its long-term prospects.
Recently, Wynn Resorts provide its Wynn Macau subsidiary gets a $500 million loan to help it recover from the impact of the pandemic.Additionally, as part of the measure, members of Wynn Macau’s management team agree to exchange part of their salary in stock.
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