Wednesday, May 15, 2024

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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 releases new images of Al Marjan IR, plans to open in ‘early 2027’

Wynn Resorts has released new mock-ups of its integrated resort under construction in the United Arab Emirates.

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.

Daily Asia Gaming eBrief: Wynn targeting UAE, possible Thailand expansion

Wynn Resorts is doubling down on its investment in a new IR in the UAE, with Wynn Al Marjan Island expected to get a $900 million investment from the company, of the total $4 billion needed for the project. The group's CEO notes that construction is going smoothly, with expectations to open the property by 2027.

UAE IR project investment could reach $900M, Thailand under analysis: Wynn CEO

Wynn Resorts' Chief Executive Officer, Craig Billings, revealed recently that the group's Wynn Al Marjan project in the UAE should absorb almost $900 million in investment. As for Thailand, the group is "actively" considering possible greenfield development opportunities and observing the development of its future gaming regulatory framework.

Wynn CFO: Capital expenditure could reach $500M by 2025-end

The CAPEX related to Wynn Macau‘s concession commitments could range between $350 million and $500 million in total between 2024 and the end of 2025, according to the group's CFO.

Wynn Resorts sees impressive results in Vegas and Macau pushing 4Q23 revenue

Wynn Resorts saw a massive fourth quarter, with operating revenues rising to $1.84 billion, while net income surged to $729.2 million, as Wynn Palace delivered strong results.

Wynn Resorts granted BB- rating for the first time: Fitch Ratings

Fitch Ratings has assigned a first-time 'BB-' Issuer Default Rating (IDR) to the Wynn Resorts group, together with a 'stable' outlook.
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GLI Australia’s CEO Ian Hughes says AML, AI, cybersecurity and compliance driving increased testing needs by operators and regulators

Ever-evolving technology, revamped gaming floors and increased regulatory oversight are all causing a boost in demand for testing and certification. The CEO of Gaming Laboratories International (GLI) Australia, Ian Hughes, breaks down what operators and regulators are seeking out more – with each jurisdiction having its own specific requirements.

JW Marriott to open in Al Marjan, pushing up UAE’s integrated resort schedule

The UAE continues to rise to the forefront, with new announcements that the JW Marriott is going to be opening a property on Al Marjan island at Wynn Resorts’ new proposed integrated resort.