Thursday, December 5, 2024

Search Results

Wynn Al Marjan Island set to open in the first quarter of 2027: Report

Wynn Resorts' luxurious project, Wynn Al Marjan Island in Ras Al Khaimah, is confirmed to open in the first quarter of 2027.

Daily Asia Gaming eBrief: Wynn Al Marjan Island to diversify Wynn’s global earnings

On track for a cash flow crescendo! Wynn Al Marjan Island is set to enhance Wynn Resorts' global cash flow by 2027, according to Deutsche Bank, with a projected GGR of up to $1.66 billion and significant margin improvements from lower UAE gaming tax rates. Meanwhile, despite economic challenges in China, the online travel agency platform Trip.com reported record travel orders, reaching an all-time high during October's Golden Week and surpassing 2019 figures. Top outbound destinations included Japan, Thailand, and Malaysia, indicating resilient travel demand.

Wynn Al Marjan Island to strengthen global cash flow balance: Deutsche Bank

Wynn Resorts is poised to further balance its cash flow profile with the development of Wynn Al Marjan Island, according to Deutsche Bank. 

Wynn Resorts names Max Tappeiner new President of Wynn Al Marjan Island

Wynn Resorts has announced the internal appointment of Max Tappeiner to the role of President of Wynn Al Marjan Island, the group’s property currently under development in the United Arab Emirates (UAE).

Wynn unveils design for UAE IR: Wynn Al Marjan Island, opening in ‘early 2027’

Wynn Resorts has revealed the ‘design vision’ for its planned integrated resort in the United Arab Emirates sheikdom of Ras al-Khaimah. Named the Wynn Al Marjan Island, the resort is being developed with local partners Marjan LLC and RAK Hospitality Holding LLC.

Wynn Resorts announces “multi-billion” IR on Al Marjan island, as UAE opens to gaming

Wynn Resorts has announced its first foray into the Middle East with plans for a "multi-billion" integrated resort project on Al Marjan Island in the United Arab Emirates.

Macau’s premium mass is basically VIP: gaming expert

The VIP game in Macau is not dead, it’s just been reclassified. According to gaming expert Ben Lee, premium mass has now embodied the same echelon that was so openly panned by the government, and operators are shifting their focus to accommodate.

Daily Asia Gaming eBrief: Galaxy preparing possible $3 bln Bangkok IR

Setting the ground. Galaxy Entertainment Group has confirmed its exclusive interest in an IR project in Bangkok, with an estimated total capital expenditure of $3 billion. Meanwhile, gaming expert Daniel Cheng advises caution for casino investors after Thailand's Constitutional Court dismissed a petition against former Prime Minister Thaksin Shinawatra claiming he attempted to undermine the monarchy and exert control over the Pheu Thai Party. In the UAE, more than half of the $5.1 billion Wynn Al Marjan Island project, the region’s first IR, is said to have been completed.

Wynn Al Marjan structure more than halfway there, schedule on track for $5.1B IR

The $5.1 billion Wynn Al Marjan project, set to be the UAE’s first integrated resort featuring a casino, is well underway, with 55 percent of the structural concrete now complete and a new floor being added each week.

Wynn Al Marjan to transform RAK into the world’s 4th major gaming market

Max Tappeiner, president of Wynn Al Marjan Island, believes the resort will elevate Ras Al Khaimah to the status of the fourth major gaming market worldwide.

UPCOMING INDUSTRY EVENTS