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Business
June 19, 2024
Wynn Aims at Leading Cash Flow Margin amid Funding for UAE Project
Currently under development, Wynn Al Marjan Island, a new luxury resort located in Ras Al Khaimah, United Arab Emirates (UAE), represents an investment of $4 billion. Wynn Resorts’ share in that investment is approximately $900 million. A newly released report acknowledged the importance of the project for the leading gaming and entertainment company, pointing to […]
Industry
June 18, 2024
Ixia Capital Launches with Impressive Ambitions
Ixia Capital, a new venture capital fund and studio, has officially launched with a $20 million investment aimed at high-growth companies in gaming, esports, digital assets, and related technologies. Founded by partners with extensive firsthand experience in the iGaming industry, Ixia’s primary mission is transforming innovative ideas and technologies into profitable business ventures. The Company […]
Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]
Business
May 24, 2024
Fitch Predicts Growth for Ras Al Khaimah with Wynn’s UAE Resort
Earlier this month, Wynn Resorts, the leading casino and hospitality operator, released new concept art of its much-anticipated luxury resorts in Ras Al Khaimah, United Arab Emirates (UAE), Wynn Al Marjan Island. The massive project is the result of collaboration between the company and local partners, RAK Hospitality Holding and Al Marjan Island. The upcoming […]
Industry
May 20, 2024
Genting Considers Integrated Resort Project in UAE
In 2023, the United Arab Emirates (UAE) announced the creation of its regulatory body that would be in charge of gambling. The move came at a time when gambling in the jurisdiction is expected to be legalized, which may pave the way for the expansion of tourism, propelled by integrated resorts (IR) that offer Las […]
Industry
May 8, 2024
Wynn Releases New Concept Art of Its New Al Marjan Island Resort
Leading casino operator Wynn Resorts has unveiled new images of its highly anticipated luxury resort, Wynn Al Marjan Island, currently under construction in Ras Al Khaimah, United Arab Emirates. Set to be the company’s first beachfront resort, Wynn Al Marjan Island is poised to become a landmark destination in the Middle East North Africa (MENA) […]
Business
March 15, 2024
MGM Resorts Not Ready to Give Up on the UAE, Eyes Opportunities in Thailand Too
MGM Resorts International’s chief executive officer, Bill Hornbuckle, commented on the company’s plans for the future at the JP Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum, highlighting opportunities in certain regions. While MGM recently gave up on its Dubai casino plans recently, the company is still proceeding with its hotel offering. According to […]
Casino
February 20, 2024
MGM Resorts Gives Up on Dubai Casino Plans, at Least for Now
Casino and hospitality giant MGM Resorts is giving up on its plans for a Dubai casino, at least for now. Despite that, the company is bullish on seeing its resort megaproject through, with or without a casino. For reference, MGM’s plan for The Island is to construct a three-hotel complex, combining an Aria, an MGM […]
Industry
February 12, 2024
Wynn Plans to Start Hotel Tower Construction for Al Marjan Project
The development of the hotel tower of Wynn Al Marjan Island, Wynn Resorts’ multi-billion-dollar hospitality and entertainment resort, is expected to commence soon. The ambitious project, located on the Al Marjan Island in the United Arab Emirates (UAE), represents a $4 billion investment. Previously, Wynn Resorts spoke about the project, explaining its plans to build […]
Industry
November 29, 2023
UAE’s Regulator Onboards American Lieutenant as Head of Investigations
Earlier this year, the United Arab Emirates founded the General Commercial Gaming Regulatory Authority (GCGRA), a newly formed regulatory body that would oversee the gaming sector. Headed by chairman Jim Murren and CEO Kevin Mullally, the authority continues to build up its team and has now onboarded a new important member. The person in question […]
