Location: UAE
Ras Al Khaimah, home to Wynn’s US$5.7 billion UAE resort, sees international visitation and hotel occupancy plummet in first half on war impact
International visitation to Ras Al Khaimah – home to Wynn Resorts’ US$5.7 billion Wynn Al Marjan Island integrated resort development –... more
CBRE: Wynn’s equity contribution to UAE project could reach US$1.71 billion after cost increase
The revised timeline and cost schedule for Wynn Resorts’ UAE integrated resort project Wynn Al Marjan Island will see the company’s equity... more
Wynn Resorts pushes back opening of UAE resort to Sept. 2027, increases budget by $600M
Wynn Resorts announced that the opening of its $5 billion-plus Wynn Al Marjan Island casino resort in the United Arab Emirates has been... more
Dubai-based airline Emirates launches crypto payment for UAE customers
UAE-based airline Emirates has announced a partnership with Crypto.com that will allow for UAE residents with an account on the site to pay... more
Wynn joint venture breaks ground on luxury hotel and residential project located alongside Wynn Al Marjan Island
Wynn’s local joint venture partnership in the UAE has broken ground on a new luxury hotel and residency estate located alongside its US$5.1... more
UAE’s gaming regulator appoints Dr. Ahmad Hesham as General Counsel
The United Arab Emirates is further filling out the Executive Management team for its gaming regulator, announcing the appointment of Dr... more
Playtech granted gaming-related vendor license in the UAE
Playtech is now authorized to operate in the United Arab Emirates, after being granted a Gaming-Related Vendor License to provide products... more
Moody’s downgrades Wynn Resorts outlook to stable on elevated leverage
Moody’s Ratings has cited elevated leverage and a failure to meaningfully deleverage well below 6x after downgrading the outlook for Wynn... more
Wynn Resorts chair positive on Las Vegas as global destination, critiques sale/leaseback casino model
While optimistic about the city’s future as a global vacation destination beyond gaming, the board chair of Wynn Resorts said a big threat... more
UAE names former Crown Resorts CEO Ciarán Carruthers regulator chief
The former Chief Executive of Australian casino group Crown Resorts, Ciarán Carruthers, has been appointed as the new Chief Executive of... more
