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Could the United Arab Emirates become the Las Vegas of the Middle East? A bet from Wynn Resorts could be the litmus test.

Casinos are practically nonexistent in the Middle East since majority Muslim countries typically ban gambling. But the casino giant took a gamble in 2022, announcing a $3.9 billion luxury “integrated resort” on a man-made barrier islet in the emirate of Ras Al Khaimah north of Dubai.

The risk paid off, with the kingdom granting Wynn the first commercial gaming operator’s license in the emirates last month. Wynn Al Marjan is slated to open in 2027.

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Investors celebrated Donald Trump’s decisive victory in last week’s presidential election, with banks and alternative investing firms among the biggest winners in anticipation of more lenient regulations. There’s a hope that Trump will not only choose a Treasury Secretary sympathetic to Wall Street, but also replace stricter regulators at agencies like the Securities and Exchange Commission and the Federal Trade Commission. “I consider this a watershed moment in turning the page for bank regulation. The post-Global Financial Crisis period is now over,” says Mike Mayo, a longtime banking analyst at Wells Fargo.

The S&P 500 topped 6,000 for the first time in its near seven-decade history, as post-election gains brought the index to its sharpest weekly gain since November 2023. Driving the S&P’s rally Friday were electric vehicle maker Tesla, pharmaceutical giant Eli Lilly and retailer Costco, and the index is up 26% this year.

Bitcoin breached $82,000 for the first time early Monday, up more than 19.5% compared to last week, continuing a post-election bull run that has included a 28.7% lift for ether and even a 50% boost to crypto platform Coinbase’s stock price. Aside from Trump, one of the biggest wins for the crypto industry came in the Ohio Senate race, where blockchain entrepreneur Bernie Moreno defeated incumbent Senator Sherrod Brown, who chairs the Senate Banking Committee.

The son of the 91-year-old founder of the country’s largest private chain of elderly care facilities is charging in a new legal filing that his........

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