Friday, June 21, 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 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.

Wynn’s UAE gamble could be “in trouble” if Dubai chooses to allow casino: analyst

Wynn Resorts’ casino in the United Arab Emirate of Ras al-Khaimah could be “really in trouble” if nearby Dubai also chooses to allow gaming in the emirate.

Premium mass share is seen as critical driver for Wynn’s growth in next 1-2 years: Seaport 

Gaining premium mass market share in Macau is crucial for Wynn's growth over the next 1-2 years, according to Seaport Research. According to senior analyst Vitaly Umansky, Wynn may increase its market share in 2024 but could lose some in 2025 due to competition from newer properties like Sands and Galaxy.

Wynn Resorts’ joint IR project construction to ‘significantly’ boost Ras Al Khaimah GDP: Fitch

The ongoing Wynn Resorts joint integrated resort projects in Ras Al Khaimah's (RAK), UAE are expected to provide significant short-term growth momentum to the emirate, and serve as a catalyst to attract further investment, Fitch Ratings predicted in a recent analysis.

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 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 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.