SectorWire
SearchRegister
MenuClose

MGM Resorts says it has applied for an Abu Dhabi casino licence

Licences & markets

MGM Resorts chief executive Bill Hornbuckle said the company had applied for approval to pursue a casino project in Abu Dhabi. He said the federal and Abu Dhabi governments would decide on the application and expressed hope for further information on federal oversight later in the year. Wynn Resorts had also applied for a licence, the report said.

MGM’s application gives Abu Dhabi authorities another casino proposal to consider as they develop the framework.

End-of-day close MGM Resorts (MGM), USD, to 4 November 2024
Story date6 August 20244 November 2024

Latest reported results

MGM Resorts NYSE: MGM

Quarter ended 30 September 2026

Revenue
USD 4.21bn10-Q filing 0000789570-26-000107
Operating income
USD 118.7m10-Q filing 0000789570-26-000107

Wynn Resorts NASDAQ: WYNN

Quarter ended 30 September 2026

Revenue
USD 1.69bn
Operating income
USD 178.2m10-Q filing 0001174922-26-000079

Request a correction

Flag an issue

Keep reading

Licences & markets

MGM Resorts awaits UAE decision on proposed Dubai casino

MGM Resorts is still waiting for a decision on whether its planned Island resort in Dubai will receive a casino licence, with the project due to open in the second half of 2028. The source says Wynn Resorts is the only operator granted a UAE gaming licence to date, for its Ras Al Khaimah resort; MGM chief executive Bill Hornbuckle said he expected a decision by now.

Continue reading