All in for the Wynn. In the group’s 3Q24 results, the company managed to significantly reduce its losses, despite relatively flat revenue from its Cotai Strip property in Macau. The peninsula fared slightly better, while US operations also were relatively lackluster. But the UAE shines bright, and the company aims to keep shareholders happy during the buildout to 2027. Meanwhile, Macau is heading to the races, but the Grand Prix is likely to limit punters’ enthusiasm, causing November GGR to fall - in line with expectations.

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.

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, 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.

Ellen Whittemore, Executive Vice President, General Counsel, and Secretary of Wynn Resorts, has announced her retirement effective early 2025.

Hundreds of shareholders of Wynn Resorts Ltd. are set to share a $70 million settlement from a class-action lawsuit related to allegations that the company failed to disclose sexual misconduct claims against former CEO Steve Wynn.

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 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.

Fitch Ratings has assigned a first-time 'BB-' Issuer Default Rating (IDR) to the Wynn Resorts group, together with a 'stable' outlook.

Wynn Resorts stock is currently being deemed ‘too risky’ compared to other alternatives, according to an analyst, as the group’s financial results improved compared to 2022 but did not yet return to pre-COVID levels.