Wynn Resorts’ Wynn Al Marjan Island resort plans could be jeopardized by the ongoing war in Iran. This would not be the first time the conflict has proven disruptive to this project, either.
Wynn Al Marjan Island Project Might Experience Delays
According to a report by Bloomberg, a person familiar with the matter said that the ongoing conflict in Iran could delay the planned opening of the Wynn Al Marjan Island integrated resort. Wynn originally planned to open it in the first quarter of 2027 and has yet to confirm any delays.
The controversial war between the US and Iran continues to cause instability and could very well impact Wynn Resorts’ project in the United Arab Emirates (UAE), too. The conflict has continued to expand, with recent reports confirming that the UAE, being a US ally, is actively protecting itself against drone and missile strikes.
In fact, the war previously caused Wynn to temporarily halt its construction works before resuming them in early March. Back then, the company said that it continues to closely monitor the situation and assess potential impacts on its new venue. It also stated that it is confident in the UAE’s ability to protect its population.
UAE Warms Up Toward Gaming
In any case, the risks and delays might be worth it, since Wynn Al Marjan will be a first-of-its-kind venue that will allow the company to tap into a mostly unexplored gaming market. The UAE has been rapidly warming up to the idea of regulated gaming.
Optimistic forecasts say that the UAE could become a $5 billion market if local authorities permit the addition of more gaming venues.
Last year, the UAE allowed online betting through licensed platforms, marking a clear shift in the country’s long-standing position on gambling. This move allowed players in the country to play real-money online games under a federal regulatory framework.