Saturday, May 11, 2024

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Your Daily Asia Gaming eBrief: UAE casino to unlock gateway for Wynn Resorts

Wynn's foray into the UAE could be opening the gateway for a casino flourish in the desert, with expectations that the property could generate similar EBITDA to Wynn's Cotai strip property, says an analyst.

UAE casino provides Wynn access to affluent population of 10 million: analyst

A United Arab Emirates (UAE) casino will give Wynn exposure to a population of 10 million, which has a per capita income of $77,000, says an analyst. This fits well with Wynn’s high-end clientele and design in its existing Vegas and Macau properties. 

Osaka casino expected to produce $4 billion by early 2030s, outpacing Sands’ Singapore and Venetian Macau

MGM's near $10 billion integrated resort (IR) project in Osaka has the potential to produce north of $4 billion in revenue at the start of the next decade, outpacing the pre-pandemic $3 billion and $4 billion of Las Vegas Sands' Singapore and Venetian Macau facilities, respectively, according to an Analyst at Morningstar. 

U.S. casino stocks fall as Macau announces more oversight

Macau government has proposed more government oversight of gaming companies as part of its consultation paper released yesterday for public review.Â