Wynn Resorts Expands in UAE, Thailand, NY & London
The Most Important Points at a Glance
Wynn Resorts continues its expansion with two major projects: the construction of the Wynn Al Marjan Island Resort in the United Arab Emirates (UAE) and the potential development of the Thai market. While CEO Craig Billings emphasizes that it is still early in the process in Thailand, construction in the UAE is progressing rapidly. Additionally, the company is pursuing strategic expansion in London and New York.
Wynn Resorts Strengthens Commitment in Thailand
Thailand could become an important market for Wynn Resorts in the future. On January 13, 2025, the Thai government passed the “Entertainment Complex Bill,” which could pave the way for the legalization of casinos. The bill is currently under review by the “Council of State” before being presented to Parliament for further discussion.
Craig Billings stated that Wynn Resorts is actively involved in developments in Thailand; however, no concrete investment plans have been made yet. Should the legislation move forward, the company aims to be in a strong position to participate in the market.
Progress on the Wynn Al Marjan Island Resort
While Thailand remains a long-term option, Wynn Resorts’ current focus is on the construction of the Wynn Al Marjan Island Resort in Ras Al Khaimah, UAE. The construction progress is impressive – the building has already reached the 35th floor.
The resort is scheduled to open in 2027 and will include:
- 1,542 rooms and suites
- 22 restaurants, bars, and lounges
- A shopping promenade
- Various entertainment options, including a nightclub and a beach club
Wynn Resorts holds a 40% stake in the project, while the remaining shares are held by Marjan LLC and RAK Hospitality Holding LLC. The company has obtained an exclusive, renewable 15-year casino license for Ras Al Khaimah. The expected annual gross gaming revenue is estimated to be at least USD 1.33 billion.
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Expansion in New York
In addition to its projects in the UAE and Thailand, Wynn Resorts is also pursuing investments in New York. Billings emphasized that the company is taking a disciplined approach. No specific details about potential projects were disclosed.
Acquisition in London
To strengthen its brand and expand its customer base, Wynn Resorts recently acquired Crown London (Aspinalls), an exclusive members-only casino in London’s Mayfair district. The acquisition was announced in January 2025 and is expected to be completed in the second half of the year.
According to Billings, this acquisition aims to establish a presence in a key global metropolis. Additionally, the London casino could attract wealthy clients who may later become guests at the Wynn Al Marjan Island Resort.
Our Assessment
Wynn Resorts is pursuing a clear expansion strategy with a strong focus on growth markets. While Thailand remains a long-term option, the current priority is the construction of the resort in the UAE. The acquisition of Crown London also demonstrates that Wynn Resorts is strategically working on its international presence. The coming years will reveal whether Thailand will indeed become a new market for the company.
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