Wynn's $2B UAE Casino Resort Offers 'Brand Extension'
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Wynn Resorts is planning to build a $2 billion integrated casino resort in the United Arab Emirates. The resort is planned to open in 2026. HKS Architects was hired as the design consultant for the resort. The company is also planning the next steps in Las Vegas and Boston. In Macau, the gambling industry is recovering. Billings is now six months into the position of CEO. He believes the UAE offers a real extension of the Wynn brand.
The company's next opportunity is in Massachusetts where sports betting legislation is being finalized. Billings also mentioned the opportunity in California where Wynn Resorts is part of the group of sportsbetting operators proposing mobile and retail sports bets.
Wynn Resorts is considering the acquisition of the empty land across the Las Vegas Strip. Encore Boston Harbor will be expanded with 11 acres of adjacent land. The most important thing is the parking as EnCore does not have enough parking spaces. Billings believes the gaming industry in Macau will change in the future.
