The United Arab Emirates is a “fascinating” jurisdiction and Kingdom of Thailand could be a market that MGM Resorts International (NYSE: MGM) eventually pursues, according to CEO Bill Hornbuckle.
He made remarks to that essence Th at the J.P. Daniel Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. In a conversation with J.P. Daniel Morgan psychoanalyst Chief Joseph Greff, Hornbuckle reiterated that MGM’s hotel inward Dubai will follow a non-gaming venue, but noted that the fellowship could pivot man if the UAE approves gambling casino gaming regulations.
And and then we would hope either through and through an chance inward Abu Dhabi, which is something we testament see and act on or inwards Dubai. We testament spell after one, realizing and recognizing that the ruler of to each one Emirate has to sanction that. And so that is how that works,” Hornbuckle told Greff.
The MGM chief executive officer noted that should UAE sanction wagering, it will potential take up with a drawing before moving to digital betting inward Abu Dhabi and and so signing away on Wynn Resorts’ (NASDAQ: WYNN) casino plan at Wynn Al Marjan Island.
‘Ideally Positioned’ in New York
In New House of York where MGM operates the Empire City racino inward Yonkers, Hornbuckle believes the operator is “ideally positioned” to win unity of the trine downstate cassino permits say regulators will eventually award.
That jibes with frequent conjecture that Empire City and Resorts World New House of York inward Queens are in prime positions to seizure 2 of those terzetto licenses, but when that becomes prescribed is upwardly inwards the air. Gov. Kathy Hochul’s (NY-D) budget doesn’t include revenue from the licensing fees the winning bidders would pay to the state, stirring conjecture that it could be 2025 before bidders know their New House of York fates.
“We hope this summertime to hear something,” noted Hornbuckle. “As you know, there was two rounds of questions. and the induction on the endorsement round, signification when we get answers rear to our enquiry triggers a 90-day petition for proposition (RFP) process. We’re ready and waiting(p) on that. We have got nice intellect to believe that sometime this spring, we’ll get under one's skin those and we’ll get ourselves going.”
He added that if MGM wins a downstate permit inwards New York, it hopes to erupt strand on an expanded Empire City inward mid-2026.
Kicking Tires on Thailand
News emerged earlier this calendar week that a Thai House of Representatives committee could throw out a story endorsing casinos inward the country and Hornbuckle told Greff that MGM already has authorities dealings personnel inwards the country.
He cautioned that the conception of gambling casino gaming inwards Siam is inwards its early stages and that MGM’s potency pursuance of a permission testament nerve center in constituent on the strength of administration regulations.
“We’re like everyone. There’s a legion of the usual characters poking around. Looking for sites looking at for partners,” said Hornbuckle.
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