Daily Asia Gaming eBrief: Wynn targeting UAE, possible Thailand expansion

Good Morning. Wynn Resorts is not one to sit on its laurels. The company is already expecting its UAE property to be completed by 2027, investing some $900 million into the project, even as it explores opportunities in Thailand - depending on the direction given by the government. The group also notes that in regards to Macau, its Capex could reach up to $500 million, as it satisfies its concession necessities. Meanwhile, Light & Wonder continues to break records, seeing strong rises across all segments, driven by APAC growth.

What you need to know

• Wynn Al Marjan project in the UAE should absorb almost $900 million in investment: Wynn Resorts' Chief Executive Officer.
• Wynn Macau‘s concession Capex commitments could range between $350 million and $500 million between 2024 and end-2025.
• Light & Wonder continues to break its own records, with first-quarter gaming revenue topping $476 million.

On the radar

• DigiPlus' net income grows 358% in 1Q24 to $35M.
• Delta Corp casino revenue up 7.2% in FY ended March 31st.
• Kangwon Land reports 1Q24 net income growth of 26% q-o-q.
• Japan's top law firms assist Osaka IR's $3.4B loan from bank consortium.

AGB Intelligence

UAE/THAILAND

Wynn eyes Thailand, investing $900M in UAE

Corporate Spotlight

CDNetworks rapidly expanded in 2023, offering scrubbing service with over 15 Tbps capacity

A complete guide to the 1xBet affiliate program

Industry Updates

• Games Global and AreaVegas Games unleash Area Link Dragon.
• Evoplay shoots a slam dunk in latest instant game B-Ball Blitz.

MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS