The United Arab Emirates (UAE), a desert country known for its oil, trade, and skyscrapers, is rapidly and determinedly shifting the global gambling industry landscape. Since the establishment of the federal gambling regulatory authority in September 2023, to the issuance of the first batch of lotte
Wynn Resorts is becoming increasingly cautious in its global expansion, especially under the pressure of capital allocation and the uncertainty of casino legislation in Thailand, causing its expansion plans in Southeast Asia to waver.According to financial institution Octus, Wynn's senior management
The Thai government is actively promoting a grand development plan, intending to transform the nation into "the Las Vegas of Southeast Asia" by building a world-class integrated entertainment resort to attract global tourists and drive comprehensive economic growth. The plan is expected to involve a
Thailand is accelerating its efforts to legally establish casinos. According to Deputy Finance Minister Julapan, the "Integrated Entertainment Complex" plan has received strong support from the Federation of Thai Industries and the Thai Chamber of Commerce. Both private sector representatives believ
Wynn Resorts has officially announced its withdrawal from the application process for a gaming license in New York City, marking a reassessment of its capital allocation strategy. Although the company had received approval from the City Planning Commission for its Hudson Yards development proposal o
Thailand's Deputy Finance Minister Julapan held an investment discussion with Wynn Resorts, a globally renowned integrated resort operator. The two parties had an in-depth exchange on the prospects of developing the integrated entertainment industry in Thailand.Wynn Resorts highly praised Thailand's
The United Arab Emirates Gaming Control Board (GCGRA) has announced the issuance of an official gaming supplier license to Novomatic, making it one of the first suppliers to enter the market. With this development, Novomatic's newly acquired UAE Class A license will allow it to distribute its physic
According to the latest analysis by CBRE, the process of issuing casino and integrated resort licenses in the UAE seems to have slowed down, which makes the leading advantage of Wynn Resorts in the local market more valuable. In the "Las Vegas Executive" report released by CBRE last night, the
Trinity Health has written a letter to fellow Wynn Resorts shareholders, urging them to vote for a proposal that the Board of Directors commission and disclose a report on the potential cost savings from implementing a smoke-free policy at its casino properties.The letter, which indicated the shareh
J.P. Morgan increased its December 2025 price target of Wynn Resorts stock to $117 after the operator reported stronger than anticipated fourth-quarter results.The stock, which closed at $90.76 on Friday, got praised by the Wall Street firm, which noted that property-level EBITDAR was 11% higher tha
Wynn Resorts CEO Craig Billings told analysts during the company’s 4Q24 earnings call on Friday morning that any potential expansion of its Las Vegas assets would have to wait as the company focuses on its US$5.1 billion Wynn All Marjan Island development in the UAE and potential investment in Thail
Wynn Resorts has released its fourth-quarter 2024 earnings, reporting $1.84 billion in revenue, a figure unchanged from the same period in 2023. Net income for Q4 2024 came in at $277 million, down from $729.2 million in Q4 2023, though the previous year’s income was inflated by a $474.2 million tax
Wynn Resorts CEO Craig Billings, touting a record-setting 2024 and strength in 2025 in Las Vegas, said the gaming operator will continue to buy back its stock, because the value won’t be recognized until after the $5.1 billion Al-Marjan Island casino resort in the United Arab Emirates debuts in 2027
Wynn Resorts touted its planned acquisition of a London casino, new opportunities, and what it would take to develop another resort in Las Vegas.In January, Wynn announced an agreement to purchase Crown London (Aspinalls), a small members-only casino in the heart of London’s upscale Mayfair district
The acquisition by U.S. casino giant Wynn Resorts of high-end casino Crown London will boost the company’s regional brand power and build a global database ahead of the launch of its US$5.1 billion Wynn Al Marjan Island, according to CBRE Equity Research.In a note, CBRE’s John DeCree described the a
Crown Resorts has announced an agreement to sell its Crown London casino, located in Mayfair district, to US-based Wynn Resorts. The sale is part of Crown’s effort to divest non-core international assets and concentrate on its operations in Australia. Crown confirmed the deal in a statement but did
