Bernstein said that in 2019, 75 percent of Wynn’s Las Vegas revenue was derived from non-gaming activities, and that could serve as a model for the UAE project.<\/p>\n
Owing to the vast oil wealth in the UAE, the region’s established reputation as a tourist destination, and no competing gaming options — at least for now — the Al-Marjan Island integrated resort could add incremental value to Wynn’s share price over time.<\/p>\n
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However, CBRE Equity Research analyst John DeCree notes it’s possible the gaming side of the project could take years to come to life or may not be realized at all. But he’s optimistic about the impact if gaming is approved for the venue.<\/p>\n<\/div>\n
\u201cShould the proposed resort get approval to authorize typical gaming activities (slots, tables), the ROI could be significant, given the limited gaming options and amount of wealth and tourism in the region,\u201d he said in a note to clients.<\/p>\n","protected":false},"excerpt":{"rendered":"
On Tuesday, Wynn Resorts (NASDAQ:WYNN) surprised many in the gaming industry when it revealed plans for an integrated resort on Al-Marjan Island in the United Arab Emirates, a region not synonymous with casino gaming. But it could be a lucrative endeavor for the Las Vegas-based operator. In announcing the project, Wynn didn’t reveal a price […]<\/p>\n","protected":false},"author":46,"featured_media":199480,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Wynn UAE Project Could Cost $2 Billion, Generate 20% ROI<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n