Wynn Resorts has unveiled new details of the art collection planned for its upcoming Wynn Al Marjan Island integrated resort in Ras Al Khaimah. The company confirmed that the UAE property will feature a curated mix of newly commissioned works, regional artistic collaborations, and iconic pieces sourced from Wynn’s collections in Las Vegas and Macau. Independent reporting from The National (UAE) and Khaleej Times adds that the lineup is designed to position Wynn Al Marjan as a cultural landmark, blending luxury hospitality with museum-quality visual experiences.
Moody’s Investors Service has downgraded the credit ratings of Genting Berhad, Genting Overseas Holdings Ltd, and Genting Singapore, citing weakened financial metrics driven by high capital expenditure and slower-than-expected recovery of certain business segments. The ratings agency pointed to Genting Berhad’s elevated leverage—partly due to ongoing development projects such as Resorts World Las Vegas (RWLV) refinancing needs and Malaysian resort upgrades—as a key factor behind the downgrade. Independent financial analyses from Bloomberg and The Edge Malaysia likewise highlight tightening cash flow and higher debt servicing burdens across the Genting group.
Shopping activity at both Galaxy Macau and Sands China’s retail malls is showing a marked rebound as Chinese consumer confidence improves. Foot traffic and spending have risen steadily through late 2024 and 2025, supported by a recovery in mainland discretionary consumption and stronger willingness among travellers to splurge on luxury goods. Independent reports from Macau Daily Times and Macao News similarly note that retail operators across Cotai are experiencing higher conversion rates, especially among visitors from Guangdong and major Tier-1 cities.
Far East Consortium (FEC) has agreed to a partial divestment of its flagship Ritz-Carlton Perth asset, selling a 49% share to Hong Kong–based AMTD Group for AU$66 million. The transaction values the luxury waterfront hotel—located in Perth’s Elizabeth Quay precinct—at roughly AU$135 million. Independent reporting from The Australian Financial Review (AFR) and The West Australian confirms the deal structure and notes that FEC will retain majority ownership and ongoing management influence, ensuring continuity in the property’s long-term development strategy.
Bally’s Corporation is taking steps to fortify its balance sheet as its New York downstate casino project progresses to the next stage, according to industry analysts at CBRE. The company has been working to refinance existing debt, improve liquidity, and streamline capital allocation—moves that financial commentators from Bloomberg and MarketWatch say are essential as Bally’s positions itself for one of the most competitive and capital-intensive casino licenses in the United States. With New York regulators expected to advance the selection process in 2025–2026, the company’s stronger financial posture is seen as a strategic necessity.
Author: Janice Chew • Tuesday, 09/12/2025
