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Gaming and hospitality giant Wynn ResortWynn Design & Development, a subsidiary of Wynn Design & Development, has appointed Executive Vice President for the United Arab Emirates (UAE). This marks one of the Las Vegas heavyweight’s first roles at the Emirateswhich will open a multi-billion-dollar integrated resort development on the man-made Al Marjan Island in Ras Al Khaimah.
Former Macau market worker Derek Sands has been appointed to the role.Executives have relocated to the UAEaccording to his LinkedIn profile. Sands has been with Wynn Design and Development for eight yearsHe used to be Director of Construction Services in Macau and was promoted to President of Asia Division in 2017.
Wynn Design & Development is the company’s creative arm, including interior design and project management. Sands’ appointment to the division comes as Wynn prepares for its major UAE projectthe current scope includes a hotel with more than 1,000 rooms, a high-end shopping mall, state-of-the-art conference facilities, a spa, more than 10 restaurants and lounges, multiple entertainment options, gaming areas and other amenities.
Wynn announced January It will work with local developer Marjan Properties and hotel and leisure business operator RAK Hospitality Holding on the project.$2 billion integrated resort targets 2026 As the opening date, JPMorgan Securities said the same month that it expected Wynn’s management contract to last for 20 years.
Wynn announces that its proposed UAE resort is marked as watershed moment The relationship between the bay and the game, a region that has traditionally imposed stricter Islamic rules than the rest of the Middle East, an industry that has long been off-limits.This Ras Al Khaimah Tourism Development Authority (RAKTDA) is creating a unit dedicated to overseeing the “Emirates Integrated Resorts” where the upcoming Wynn hotel will fall.
What remains fairly vague so far is how RAK will implement the introduction of gambling.One possible scenario is that the emirate will restrict gambling to foreigners, to help boost tourism. RAKTDA’s new division will “create a robust framework to ensure responsible gaming at all levels,” the statement read.
Wynn Resorts CEO Craig Billings said in an interview last month UAE project is ‘an amazing opportunity’ for company Given that the hotel’s opening will allow 95 percent of the world’s population to “take an eight-hour flight on the Wynn brand.”
“The UAE has achieved tremendous modernization and progress. Dubai Airport handles more than 80 million passengers every year.Incredible inbound traffic from neighboring countries such as Europe, the Middle East, and India,” Billings Tell nevada independent“We believe there will be a strong cash-based business like we have here. We see it as a true extension of our brand.”
Wynn CEO Craig Billings
The executive also discussed the project’s importance to the Gulf’s relationship with gaming, calling it a “market with limited supply.” Wynn will be the only gaming company in the region for the foreseeable future.
“The leadership is very visionary and Ras Al Khaimah is a very progressive and thoughtful place where they do things consciously,” Billings added.. “We are building on part of the man-made island and the rest is green space. There are a lot of development opportunities beyond that.”
on a conference call with investors in Maywhich provided an update on the UAE project as Wynn entered the design phaseGiven the country’s taste for modern and ambitious architecture, Billings said the company was not taking it lightly, spending most of his time on the design and development team that Sands is now joining.
“We want to make sure we’re delivering the right product,” Billings said. “You have clients from neighbouring hotels and clients from Dubai. We will have clients from all over the world.”
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