Economy
What UAE’s First Casino Will Mean For The Region
Dubai’s best escape from the city is the fourth largest emirate itself, the opulent Ras Al-Khaimah. There is plenty for everyone to enjoy and experience, from premium wellness centers and adrenaline sports facilities to the national museum that preserves the country’s 7000-year-long rich history.
Notwithstanding being a delightful home with many superb activities, the anticipation among locals and tourists is expected to grow much more as the prestigious Wynn Resort proudly released a statement last year regarding a multi-billion dollar project on Al Marjan’s island. Wynn CEO Craig Scott Billings revealed the plan of a hospitality and casino gaming resort, making it the Gulf Arab region’s first casino in the region.
The Wynn Marjan Vision
The Wynn Resort was slated to be the world’s second-largest gaming corporation in 2021, trailing only Bet365. And now, the Wynn Resort is officially lining up to throw the dice in the regal Ras Al Khaimah.
This complex, which is scheduled to open in 2026 on the hazy Dream Island, will have an 18.500 square meter casino game area. The complex will have 1,000 magnificent rooms and a first-class view of the sandy beach.
It will encircle an area of about 250.000 square meters, making Wynn Marjan one of the ten largest complexes in the world and doubling the size of its Las Vegas estate.
“The casino component, where at least for some period of time we will be operating on our own, which makes it quite exciting, is shaping up to be somewhat larger than Wynn Las Vegas, but with numerous pockets of energy and compression,” says Craig Billings noting that the property will be a five-star guaranteed experience and an action-packed stunner.
What Will the Resort Include?
Ras Al Khaimah Wynn Resort will have a taste of the familiar Las Vegas spirit. It is planned to have restaurants, spacious shopping malls, meeting lounges, conference spaces, fancy spa centers, boutique shops, gaming areas, etc.
The resort is expected to offer additional entertainment, including live performances, world-famous musicians, concerts, theater shows, and nightclub events. Billings stated during his latest conference call “We are advancing quickly on our planning for Al Marjan Island integrated resort in the UAE. We are in the late stages of programming for the resort. Given the pristine beach settings in the somewhat malleable nature of the man-made island, we have an incredible canvas with which to work and design something truly unique”.
Embracing the World of Gaming
With the launch of the Ras Al Khaimah Wynn Resort, the Gulf Arab countries’ long-standing ban on gambling will be lifted. In fact, reaching such a milestone would be a watershed moment in the UAE (UAE). Until now, inhabitants of this region could only play casino games on online sites like arabwinners.com. Naturally touching on a delicate matter, the local authorities are still carefully re-writing the region’s gambling legislation, attempting to further honor and regard the Emirates’ heritage, traditions, and culture.
Two new organizations have been established with this in mind: the Department of Entertainment and the Gaming Regulation. These bodies will be in charge of ensuring that the legislation is implemented thoroughly and smoothly.
What Will This Mean for the Region?
This massive project will undoubtedly have a huge impact on the Emirate’s hospitality sector and economic growth. It’s a game-changing deal for boosting tourism, encouraging investors for future initiatives, and pushing other resorts to modernize and provide a safe gaming environment. Furthermore, this might be a watershed moment for the UAE, as it has the potential to create 4,000 new job opportunities for locals.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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