Wynn Resorts CEO Craig Billing is optimistic about the UAE’s gaming market, projecting it could grow to between $3 billion and $5 billion (Dh11 billion to Dh18.35 billion) in the coming years. During a conference call discussing the company’s fourth-quarter financial results, Billing described the UAE as the “most exciting” new market for the gaming industry in decades.

Addressing concerns related to competition, Billing reassured stakeholders that he does not see any immediate threat from potential competitors seeking licenses to build integrated gaming resorts in the UAE. He emphasized that the design and construction of such resorts typically require at least four years, giving Wynn a substantial advantage as they prepare for their opening in March 2027.

“We don’t believe that every emirate will avail themselves of potential licenses by any means,” Billing stated, underscoring the company’s significant head start, according to Khaleej Times. He also noted that the anticipated success of their upcoming Wynn Al Marjan resort accounts for the possibility of a second property in the UAE. Billing expressed confidence that more developments could positively impact the industry, citing the high propensity for spending on luxury accommodations and dining in the region.

Wynn Al Marjan is expected to be a standout project, with construction progressing well; the 35th floor of the hotel tower has been completed, and over 4.6 million square feet of concrete and steel have been installed. Billing highlighted that the resort is set to become a key tourism destination in the UAE, supporting robust long-term cash flow growth.

In early January, Wynn Resorts announced an agreement to purchase Aspinalls in Mayfair, London, which Billing described as a strategic asset aimed at enhancing their brand presence in the region. He reiterated the importance of the UAE market, stating, “The UAE is the most exciting new market for integrated resort development in decades.”

Wynn Resorts recently completed financing for the Wynn Al Marjan Island project with a $2.4 billion (Dh8.8 billion) loan from a global consortium of banks. They anticipate contributing between $350 million and $400 million in 2026, with total contributions to the project reaching approximately $631.7 million (Dh2.31 billion) to date. The company expects to finalize its investment cycle in the UAE by late 2026, further solidifying its position in this burgeoning market.