Wynn Resorts contributed $62.2m in cash during the third quarter to the joint venture developing Wynn Al Marjan Island in the UAE, bringing its total life-to-date investment to $1.12bn. The operator holds a 40% stake in the integrated resort project. The property remains on track for an anticipated opening in September 2027.
Summary based on reporting by G3 Newswire, which retains all rights to its text and images.
One email each morning with the stories that moved the betting industry — regulators, operators and market moves, summarised. Free for industry professionals.
No spam, no bonuses — just industry news. Unsubscribe any time.
Wynn Resorts has increased its investment in its upcoming UAE property to $1.12 billion, with the development slated to open in September 2027. The capital commitment comes despite an 80% drop in quarterly profit as company-wide revenue slipped 7.9% to $1.69 billion.
Inspired Entertainment reported Q3 growth across its UK business, demonstrating operational resilience seven months after an increase in Remote Gaming Duty. The B2B technology provider managed to maintain momentum in the market despite the higher tax burden.
The French Competition Authority has approved Banijay Group's acquisition of JOA Group, clearing the way for the media firm's expansion into France's land-based casino market. The regulatory green light follows Banijay's initial takeover agreement reached in July.
Galaxy Entertainment reported third-quarter revenues of $12.7bn, up four per cent year-on-year, supported by total gross gaming revenue of $12.9bn. The operator's performance bucked the broader Macau market trend, which saw a four per cent contraction amid taxation policy updates and broader economic slowdown.
Sportradar recorded 47% revenue growth in the US market during the third quarter, driven in part by expansion into prediction markets. However, brokerage Freedom Capital Markets noted that regulatory developments in Brazil and the pending divestment of Atrium Sports continue to weigh on the company's outlook.