Good morning. On track for a cash flow crescendo! Wynn Al Marjan Island is set to enhance Wynn Resorts’ global cash flow by 2027, according to Deutsche Bank, with a projected GGR of up to $1.66 billion and significant margin improvements from lower UAE gaming tax rates. Meanwhile, despite economic challenges in China, the online travel agency platform Trip.com reported record travel orders, reaching an all-time high during October’s Golden Week and surpassing 2019 figures. Top outbound destinations included Japan, Thailand, and Malaysia, indicating resilient travel demand.
What you need to know
- Wynn Resorts expects Wynn Al Marjan Island to enhance its cash flow balance amid favorable conditions in the UAE gaming market.
- Trip.com’s data shows record-breaking Golden Week travel bookings in China, fueled by restored flight and hotel availability.
On the radar
- Pansy Ho and Linda Chen recognized among Asia’s Most Powerful Women.
- Developers to add more than 40K new hotel rooms to the Philippines market.
- South Korea’s Kangwon Land adjusts strategy to a global integrated resort.
- Asia Pioneer Entertainment appoints Maria Garcia to the Board of Directors.
- Philippine Government steps up POGO ban, closure by year-end.
AGB Intelligence
UAE
Wynn Al Marjan to boost global revenue for Wynn Resorts
Deutsche Bank forecasts that the development of Wynn Al Marjan Island will play a critical role in enhancing Wynn Resorts’ cash flow balance. As the company seeks to reduce its historical reliance on Macau, the UAE property is anticipated to generate substantial earnings, providing a diversified revenue stream that supports a more stable financial outlook for Wynn Resorts.
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