Updated
Updated · Bloomberg · May 5
Wynn Resorts considers delaying UAE casino resort opening
Updated
Updated · Bloomberg · May 5

Wynn Resorts considers delaying UAE casino resort opening

10 articles · Updated · Bloomberg · May 5
  • The $5.1 billion project, due to open next spring, briefly halted after fighting began and later resumed in March.
  • The US war with Iran has disrupted construction, with attack drones and missiles in the region also hurting tourism.
  • The possible delay would affect Wynn's flagship casino development in the United Arab Emirates as regional conflict continues to weigh on business activity.
Amid missile threats and a tourism collapse, why does construction on the UAE's mega-casino stubbornly continue?
Is Wynn's $5.1B UAE casino a brilliant long-term play or a massive gamble on a region at war?