UAE: Ras Al Khaimah inks deal with hospitality giant Wynn

UAE: Ras Al Khaimah inks deal with hospitality giant Wynn

Ras Al Khaimah: Marjan, Ras Al Khaimah’s Hospitality Holding has signed a multibillion-dollar deal with Wynn Resorts to develop a world-class hotel, entertainment and gaming amenities. The project, set to be built on Al Marjan island in the UAE emirate of Ras Al Khaimah, comes as the Tourism Development Authority, known as RAKTDA, formed a new division to regulate what it called "integrated resorts" which are set to include gaming facilities, according to a statement from the authority. The government authority will set the rules for "licensing, taxation, operational procedures, and consumer safeguards” needed to regulate gaming in those resorts, it said. "The foremost priority of this new division is to create a robust framework that will ensure responsible gaming at all levels." Ras Al Khaimah's Tourism Development Authority said it will consider the "social, cultural, and environmental landscape of the Emirate," as it comes up with regulations. The planned resort is scheduled to open in 2026 and will include more than 1,000 rooms, along with a gaming area, meeting and convention facilities as well as entertainment options. The resort will be developed with "significant foreign direct investment by Wynn Resorts,” the statement said, without giving a specific figure. The