UAE’s First Casino in Ras Al Khaimah: A Boost for Tourism
by admin on July 27, 2023The UAE’s first casino, at Wynn Resorts, expected to be unveiled in 2027 in Ras Al Khaimah, will be a game-changer for tourism in the emirate, says Colliers International.
Exciting news is on the horizon for Ras Al Khaimah as plans for the UAE’s first-ever casino at the highly anticipated Wynn Resorts hotel are unveiled. According to experts at Colliers International, this groundbreaking development is set to revolutionize the tourism landscape in the emirate. Let’s take a look at the tremendous opportunities it presents for the real estate market in Ras Al Khaimah.
A Milestone for UAE’s Tourism Industry
The announcement of the UAE’s first casino at the prestigious hotel marks a defining moment in the nation’s tourism industry. With Ras Al Khaimah already known for its stunning landscapes and cultural heritage, this new attraction is set to elevate the emirate’s status as a must-visit destination for both regional and international travelers. Tourists seeking unparalleled entertainment experiences will now have an additional incentive to explore Ras Al Khaimah, leading to a surge in visitor numbers.
The project is the biggest foreign direct investment of its kind in Ras Al Khaimah and marks Wynn Resorts’ entry into the Middle East North Africa (MENA) region. Wynn Resorts is arguably the world’s top independent hotel developer and operator. The company recently confirmed that they are building a 1000-room integrated resort and announced a multibillion-dollar development on the man-made Al Marjan Island in Ras Al Khaimah, UAE.
Upsurge in Tourist Arrivals
Colliers International predicts that the introduction of the casino at Wynn Resorts will bring an upsurge in tourist arrivals to Ras Al Khaimah. The allure of world-class gaming, luxurious amenities, and premium entertainment will appeal to a diverse range of travelers, including high-spending leisure tourists, gaming enthusiasts, and business travelers. This influx of visitors is expected to have a positive ripple effect on various sectors of the local economy.
Boosting Hospitality and Real Estate Sectors
Wynn Resorts’ UAE casino plan will bring more than 5m tourists to Ras Al Khaimah by 2030. The development of Wynn Resorts and the inclusion of a casino are set to trigger substantial growth in Ras Al Khaimah’s hospitality and real estate sectors. To accommodate the influx of tourists, there will be an increased demand for luxury accommodations, upscale hotels, and serviced apartments. Real estate developers will seize this opportunity to create sophisticated properties that cater to the discerning tastes of both short-term and long-term visitors, further enhancing the emirate’s appeal.
Elevating Ras Al Khaimah’s Global Standing
By becoming the first emirate in the UAE to house a casino at a world-renowned resort like Wynn, Ras Al Khaimah is poised to gain international attention. The emirate’s image as a progressive, dynamic, and luxury-driven destination will be amplified, attracting high-profile visitors and investors from around the world. This newfound global recognition will undoubtedly boost Ras Al Khaimah’s status as a premier investment and leisure hub in the region.
The unveiling of the UAE’s first casino at Wynn Resorts in Ras Al Khaimah is undoubtedly a gamechanger for the emirate’s tourism industry. As predicted by Colliers International, this landmark development will attract a surge of tourists, invigorate the hospitality and real estate sectors, and stimulate economic growth. With an elevated global standing, Ras Al Khaimah is set to shine brighter than ever before, offering visitors and investors alike an extraordinary blend of luxury, entertainment, and unparalleled opportunities.
