Wynn Resorts expects modest delay to UAE casino resort opening
Updated
Updated · Bloomberg · May 7
Wynn Resorts expects modest delay to UAE casino resort opening
12 articles · Updated · Bloomberg · May 7
Chief executive Craig Billings said the Middle East project will open later than the previously indicated first quarter of next year or spring timeframe.
The company is no longer giving a specific opening date and is not updating financial estimates for the resort.
The development would mark Wynn's entry into the UAE market, but the revised timeline adds uncertainty around the launch of the region's new casino destination.
With its UAE casino delayed by war, is Wynn's $5.1 billion Middle East gamble now too risky to win?
As conflict stalls the UAE's first casino, what does this signal for other huge foreign investments across the Gulf region?