Casino operator Wynn Resorts (WYNN) has inked a deal to build a luxury resort in Ras Al Khaimah in the United Arab Emirates.
“The planned destination will feature a luxury hotel with more than 1,000 rooms, world-class shopping, state-of-the-art meeting and convention facility, an exclusive spa, more than 10 restaurants and lounges, extensive entertainment choices, a gaming area, and other amenities,” Wynn said in a statement.
Gambling and gambling-related activity are banned in the Muslim Gulf state, and news of the deal sparked speculation on social media that the UAE government may be preparing to change the law.
A spokesperson for Wynn declined to comment further on the company’s plans for the resort’s “gaming area,” saying that such questions were best answered by local regulators.
In its statement, Wynn said the “multibillion-dollar” project was still in the “initial design and development phase” but would be applying for an integrated resort license from the Ras Al Khaimah Tourism Development Authority.
The authority told CNN that a new body — the Department of Entertainment and Gaming Regulation — would “regulate the gaming activities within integrated resorts in the Emirate of Ras Al Khaimah.”
“Additionally, the regulations will cover marketing, advertising and financial transactions ensuring that these areas comply with the Department of Entertainment and Gaming Regulation,” the statement added.