Gulf’s first casino likely to spur hotel demand in RAK

• RAK needs to triple rooms
• Shortfall of 6,000
• Resort expected to attract 3.5m

The Gulf’s first casino, being developed by Las Vegas-based Wynn Resorts in the UAE’s Ras Al Khaimah (RAK), is likely to spur investment in the emirate’s hotel sector through to 2030 to plug an expected shortfall in supply, say developers.

Home to the UAE’s sixth biggest town by population, RAK needs to add about 24 hotels to meet expected customer demand over the next five years, especially after the $4 billion Wynn Al Marjan Island resort opens in…