Wynn’s UAE project to legalize casino gaming in the country
With its debut in the UAE, Wynn Resorts has the huge potential to legalize casino gaming in the country.Wynn Al Marjan Island is the UAE project of the Wynn Resorts....
Thailand: Wynn’s target for a new casino
Wynn Resorts plans to pursue casino opportunities in Thailand after its progress in the UAE.
A previously released draft casino law by the country’s government allows the Wynn to integrate Wynn resorts into Thailand.
Wynn Resorts CEO Craig Billings said:
“Yes, we would pursue it out of Wynn Resorts out of the US-listed entity. It’s still early days but there has been progress, and it’s encouraging to see, and it seems as though the legislators in Thailand really want to get this moving, which is great.”
A favorable cost structure, impressive tourist infrastructure, and a really strong service culture make Wynn interested in the deal and they keep being active in the process of integration.
Billings commented on their progress in the UAE:
“As a result, our joint venture now owns not only the land under Wynn Al Marjan, but also 70-plus acres of land for potential future development on the Island. Of course, we have banked land before in the US and Macau, and we are confident that acquiring this sizable Al Marjan land bank will prove valuable over the long term.”
With the potential for a Bangkok casino license and ongoing developments in the UAE, Wynn is positioning itself strategically in these emerging markets.
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Thailand to legalize gambling with its first legal casino
Despite gambling's unstable reputation in the Buddhist nation, Thai citizens showed their support for gambling legalization in Thailand.
Thailand is a Southeast Asian...
