Wynn Resorts (WYNN) Secures UAE's First Casino License, Shares Rise

4 days ago

Wynn Resorts (WYNN, Financial) saw its stock rise by over 2.2% in early trading, hitting a peak of $107.81. The company announced that it has received the first-ever commercial gaming operator license in the United Arab Emirates. Wynn is developing a significant integrated resort on Wynn Al Marjan Island, marking the first casino in the Middle East and North Africa region. This extensive project is expected to cost several billion dollars and aims to open to the public by early 2027.

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