Thursday, December 5, 2024

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IAGR appoints CEO of UAE gaming regulator as new board member

The International Association of Gaming Regulators (IAGR) has officially announced the addition of four new trustees to its Board, including the CEO of the UAE General Commercial Gaming Regulatory Authority, Kevin Mullally.

Aristocrat confirmed as first int’l company to be granted Gaming Related Vendor License for UAE

Aristocrat has confirmed that the company is the first international slot and online technology company to be granted a Gaming-Related Vendor license and is allowed to do business in the United Arab Emirates.

Wynn Resorts raises its UAE IR project’s price tag to $5.1B

Las Vegas-based gaming operator Wynn Resorts has increased the budget for its casino project in the UAE - Wynn Al Marjan Island to $5.1 billion.

Wynn UAE IR sets to contribute $350M of free cash flow to parent firm: CBRE

Wynn Al Marjan Island is expected to deliver a major boost to Wynn Resorts, contributing over $350 million in free cash flow (FCF) once fully stabilized, according to CBRE.

Daily Asia Gaming eBrief: Wynn Resorts secures gaming license in UAE

Here Comes the Sun. Wynn Resorts has received the UAE’s first commercial gaming license, paving the way for the 2027 opening of its multi-billion dollar Wynn Al Marjan Island resort in Ras Al Khaimah. Meanwhile, in Asia, Macau-based Sanum Investments accuses Laos courts of unlawful pressure in its case against ST Group over the casino Savan Vegas, risking foreign investment. In Macau, the city’s sole Chief Executive candidate advocates for casino residency shows to enhance tourism and ensure competitiveness with neighboring cities.

Wynn Resorts granted gaming license in the UAE

Wynn Resorts, the Las Vegas-based hotel and casino operator, has been granted the UAE’s first commercial gaming operator’s license. The announcement was initially made by Wynn on Friday and subsequently confirmed by the General Commercial Gaming Regulatory Authority.

Daily Asia Gaming eBrief: Thailand and UAE to be next growth drivers

All eyes are on Thailand and the UAE, as Morgan Stanley projects that these two emerging markets could each contribute $3-5 billion annually in gross gaming revenue (GGR) to the global market. Wynn’s UAE project is poised to benefit from a growing affluent population and increased tourism in the region.

Thailand and UAE IRs could add $3-5B in GRR annually each: MS    

Morgan Stanley notes that Thailand and the UAE's gaming sectors could significantly enhance global gross gaming revenue (GGR), with estimates suggesting that both could contribute between $3 billion and $5 billion in GGR each.

Morgan Stanley sees Wynn’s UAE and Macau ventures as key growth drivers

Wynn Resorts Limited is attracting fresh attention from investors, with Morgan Stanley Research highlighting significant growth potential from the company’s major developments in the...

Australia and UAE regulators to attend Rome gaming regulatory conference

Australian and UAE gaming regulators will be present at the International Association of Gaming Regulators (IAGR) conference in Rome from October 21st to 24th.

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