Wynn Resorts says RAK gaming regulations are “well advanced”

February 16, 2022 World Emerging Markets Industry Updates

Wynn Resorts CEO Craig Billings said he does not expect a multi-year process for the legalization of land-based gaming in Ras Al Khaimah, with regulations already “well advanced” having been modeled on Singapore and the United States.

Billings made the comments during a fourth-quarter earnings call on Tuesday.

“The tax rate and license structure are very reasonable. And finally, with the regulatory framework taking shape and the regulator in place, we will be licensed to conduct gaming in Ras Al Khaimah.

Billings said the company is already commencing master planning now and will begin mobilizing architecture and design.