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☆ Landry CEO Fertitta becomes Wynn Resorts' largest individual shareholder with nearly 10% stake
▼ + stars: | 2024-11-14 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

Billionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the U.S. Securities and Exchange Commission. Wynn Resorts and Fertitta declined to comment on his increased stake. He is frequently outspoken about issues that affect Las Vegas, whether it is Formula One or historic union wage contracts. Wynn Las Vegas is the top-of-the-line, uber-luxurious resort on the Strip, and it owns two high-end resorts in Macao. That position gave him a 6.2% stake in the company and made him the second-largest individual shareholder in Wynn, after co-founder Elaine Wynn.

Persons: Billionaire Tilman Fertitta, Jefferies, David Katz, Wynn, Craig Billings, Ras Al Khaimah, Fertitta, Elaine Wynn, Steve Wynn Organizations: CNBC, Wynn Resorts, U.S . Securities, Exchange Commission, Hilton, Fertitta, Houston Rockets, Golden, Las, Wynn, United, United Arab Emirates, United Arab Locations: U.S, Las Vegas, Wynn Las, Macao, United Arab, Ras Al, United Arab Emirates, Wynn

☆ Electric ‘seagliders’ that skim over water could make ferries a thing of the past
▼ + stars: | 2024-06-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

More than 600 seagliders have already been sold for a total of over $9 billion, according to Thalheimer. “When you’re coming in on a bumpy approach, then sort of get right over the runway, and the plane just sort of floats for a second before landing — that’s the ground effect at work. Wouldn’t that be a great place to spend the entire flight, that nice calm state over the runway?”The United States and Germany also experimented with ground effect vehicles, but ultimately the concept never took off. First, Thalheimer says, seagliders are better at dealing with waves than vintage ekranoplans. Old ground effect vehicles were more akin to aircraft, with pilots controlling them at all times.

Persons: “ We’re, ”, Billy Thalheimer, REGENT, seagliders, Regent, Thalheimer, ekranoplans, Rather, “, Brittany Ferries, Ras Al Khaimah, Darren Biddlecombe Organizations: CNN, REGENT, United Arab, Regent, Air Mobility, Key West, Japan Airlines, New, Abu Dhabi Department of Transport Locations: Boston, North America, Abu Dhabi, United Arab Emirates, Europe, Asia, Dubai, Soviet Union, United States, Germany, Hawaii, Miami, Key, Bahamas, Brittany, France, Italy, New Zealand, Ras Al

☆ The sexiest new hotels for 2024
▼ + stars: | 2024-01-05 | by ( Julia Buckley | ) edition.cnn.com time to read: +23 min

This list tries to do just that – spotlight the hotels opening (or reopening, as one of them is) in 2024 that make us want to visit for the hotel alone. Properties with a little bit of oomph – the sexy hotels of 2024, as we like to call them. For spring 2024, Costa Rica’s on the cards, with this beachfront hotel at surfer central Santa Teresa, on the Pacific Coast. Existing ones have been refurbished, and new pool villas, suites and bungalows have been added to the mix. Pool villas are cute cabins with patio doors opening on the open-to-the-elements plunge pools, while the bungalows will be wood-clad, tropical spaces.

Persons: Will, ”, that’s, King Charles, Maria, Casa Lucia Argentina, swank, Kit Kemp, Kibale, Queen Elizabeth, George, Gran, Palazzo Cordusio, Cordusio, There’s, Emanuele II, Mina Al, Ras, Anantara Mina Al Arab, Ras Al Khaimah, Mina Al Arab, Al Riffa, Mollie's, who’ll, KAI Akiu, Hoshino, Rupert Peace, Michel Rojkind, Moxy Banff, Marie, they’re, Philippe Kjellgren, It’ll, Aman, you’ve, you’ll, Roma, Romeo Roma, Romeo, starchitect Zaha Hadid, Rome’s Piazza, Costa Rica’s Organizations: CNN, Casa Lucia, Bacan, Leinster, Collins, Gran Meliá, Milan, Galleria, Tunisia –, Soho, Manchester TV, Beatles, Granada Studios, Old Granada Studios, Soho House, Resorts, Michelin, Guadalupe, Moxy, VW, Brisbane . Tourism, Queensland, Casa, Hoxton, Popolo, Princeton, Hotels, Ivy League, Mercure, Darwin, Training Academy Locations: Matca, Transylvania, Romania, Romanian, Brașov, Maria, Helsinki, Finland, Buenos Aires, Argentina, Retiro, Dublin, Ireland, Merrion, Georgian Dublin, Uganda, Rwanda, Queen, Edward, Milan, Italy, Meliá, Piazza, Duomo, Ras Al Khaimah, UAE, Arabian, Dubai, Ras Al, Oman, Mina, Al, Tunisia, Douz, Sahara, Matmata, Manchester, Japan, Tokyo, Akiu, Sendai, superlatives, Kempinski, Dresden, Germany, grande, Taschenbergpalais, Baja California, Mexico, Valle, Mexican, Valle de Guadalupe, Canada, Banff, Brisbane, Australia, Brisbane ., Dios, Peru, Casa, Andina, Brazil, Bolivia, Peruvian, Folegandros, Greece, Santorini, –, Hoxton Vienna, Austria, Hoxton, Vienna, Ennismore, Landstrasse, Sainte, Marie, Madagascar, Aman Nai, Bangkok, Thailand, Aman, Nai Lert, Thai capital’s, Rome, Naples, starchitect, New Jersey, Santa Teresa, Costa Rica, Morocco, Coast, Darwin, Larrakia, Northern Territory

☆ Why superyacht builders are investing in solar
▼ + stars: | 2023-10-06 | by ( Sydney Boyo | ) www.cnbc.com time to read: +5 min

Early tech adopters are investing in a new toy: solar-powered electric yachts. "I believe electric yachts and electric motors will be the main propulsion of pleasure yachts and even cargo vessels in the near future." The company says it has an order book of 160 million euros ($168 million), with prices ranging from 3.2 million euros for its 60-foot yacht to 30 million euros for the fully equipped version of its 120-foot vessel. "The smallest boat is around 1.5 million euros and on the upper range there really is no limit. "We think there is a sweet spot for solar electric boats between 50 and 120 feet," said Kress.

Persons: Mike Horn, Michael Köhler, it's, Heiki, Stephan Kress, Sunreef, Rafael Nadal, Fernando Alonso, Nicola Lapp, Kress Organizations: SuperYacht Times, of Yachting, ForSea Ferries, Allied Market Research, Silent Yachts, Yachts, Formula Locations: SuperYacht Times ', North America, Sweden, Austria, Italy, Turkey, Gdansk, Poland, Emirate, Ras Al Khaimah, Sunreef

The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of casino and gambling experts from the United States. Gambling is currently illegal in the UAE, where some laws are based on the Quran, which forbids the practice. The new federal body, called the General Commercial Gaming Regulatory Authority (GCGRA), would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM. “[GCGRA will] facilitate unlocking the economic potential of commercial gaming responsibly,” WAM said. “I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry,” Mullally said on his new appointment, according to WAM.

Persons: ” WAM, Kevin Mullally, Jim Murren, Mullally, ” Mullally, Ras Al Khaimah, Craig Billings, ” Billings Organizations: Abu Dhabi CNN —, United Arab, Gaming Regulatory Authority, Industry, MGM Resorts International, MGM, Gaming Laboratories, Wynn Resorts, United, WYNN, Wynn Hotels, Global, Caesars Entertainment, Royal, Royal Caribbean Cruise, UAE, Costa Cruises, Bloomberg Locations: Abu Dhabi, United Arab Emirates, UAE, United States, Ras Al, Dubai, Royal Caribbean, Singapore

☆ Andrés Iniesta: Soccer legend on Lionel Messi and his own new adventure in the UAE
▼ + stars: | 2023-08-30 | by ( Ben Church | Becky Anderson | ) edition.cnn.com time to read: +4 min

CNN —In his prime, Andrés Iniesta was widely regarded as one of the best midfielders in history. After leaving Spain, Iniesta signed for Japanese club Vissel Kobe and enjoyed reasonable success in following five years. Mohamed Farag/Getty ImagesAmid interest from around the world, including Major League Soccer (MLS), Iniesta eventually signed a one-year deal with UAE side Emirates Club. There were reports earlier this year that Iniesta may team up with Lionel Messi in the MLS, although it didn't materialize. “Football is a global sport, it’s a world sport where everybody would like to have different football players,” he said.

Persons: CNN —, Iniesta, – La Roja, Mohamed Farag, ” Iniesta, CNN’s Becky Anderson, “, I’m, he’s, Lionel Messi, Mike Hewitt, – Lionel Messi, Sergio Busquets, Jordi Alba, Germain, Messi, ”, Cristiano Ronaldo, Karim Benzema Organizations: CNN, Spain, Vissel Kobe, Barcelona, Major League Soccer, UAE, Emirates, Ajman Club, “, Emirates Club, Inter Miami, MLS, Messi, Argentine, Paris Saint, Europe’s Locations: Barcelona, Spain, Japan, UAE, Ras Al Khaimah, North America, Barça, Catalonia, Catalan, ., Saudi Arabian, Europe

☆ Al Ain Adventure: Abu Dhabi has built a white water river in the middle of a scorching desert
▼ + stars: | 2023-07-17 | by ( Bijan | ) edition.cnn.com time to read: +4 min

Al Ain, Abu Dhabi CNN —“Back! Al Ain Adventure ParkAl Ain Adventure Park has gained international recognition as a hub for sports professionals seeking to hone their skills in various disciplines. Al Ain Adventure ParkMaintaining a water park in the middle of a desert environment poses unique challenges that require meticulous upkeep and careful management. Al Ain Adventure Park reopened in December 2022 after a three-year hiatus caused by the coronavirus pandemic. Al Ain Adventure Park aims to offer a unique experience where action-packed water sports can coexist in the UAE’s harsh desert climate.

Persons: Al, ” Shrestha, ”, Shrestha, He’s Organizations: CNN, Abu Dhabi CNN, Al, Al Ain Adventure, International, Federation, Ain Adventure Locations: Al Ain, Abu Dhabi, Abu Dhabi’s Jebel Hafeet, Abu, Abu Dhabi’s, Nepal, Japan, India, UAE, Ain, Europe, Russia, Ras Al Khaimah

☆ Top analysts are bullish on these five long-term picks
▼ + stars: | 2023-04-02 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Rakesh holds the 94th position among more than 8,000 analysts followed on TipRanks. The analyst ranks 439th among more than 8,000 analysts followed on TipRanks. The analyst remains bullish on the stock and raised his price target to $134 from $128, as he continues to see a "meaningful upside." Santarelli holds the 27th position among more than 8,000 analysts on TipRanks.

☆ Dubai scraps 30% tax on alcohol sales amid economic rebound
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Fireworks explode from the Burj Khalifa, the tallest building in the world, during the New Year's Eve celebrations in Dubai, United Arab Emirates, January 1, 2023. REUTERS/Satish KumarDUBAI, Jan 2 (Reuters) - Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said on social media. "With the removal of 30% municipality tax and a free alcohol licence, buying your favourite drinks is now easier and cheaper than ever," MMI, one of two major purveyors of alcohol in Dubai, said on its Instagram account. Another retailer, African+Eastern, confirmed the tax no longer applied, but prices would remain subject to a 5% value added tax (VAT). The Dubai Media Office did not immediately respond to a request for comment.

☆ Earthquake of magnitude 5.6 strikes southern Iran; felt in UAE - EMSC
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

Nov 30 (Reuters) - An Earthquake of magnitude 5.6 struck southern Iran on Wednesday and was felt in the United Arab Emirates, the European-Mediterranean Seismological Centre (EMSC) said. Iranian state TV reported that rescue teams were dispatched to the quake-hit area and added there were no casualties. The quake was at a depth of 10 km (6 miles) and about 88 km northwest of Ras Al Khaimah City in the UAE, EMSC added. Reporting by Ann Maria Shibu in Bengaluru; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Ryan Fox: Heir to cricket and rugby excellence, New Zealand golfer blazes his own trail
▼ + stars: | 2022-10-28 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

Central Press / Hulton Archive / Getty ImagesThen came Wallace’s son-in-law Grant Fox, a name that needs no introduction to anyone familiar with rugby. Both Wallace and Fox were individually honored during Queen Elizabeth’s reign for services to their sports. If that wasn’t enough family sporting heritage, Wallace’s brother and son – George and Gregory – both played first-class cricket for Auckland. “It’s pretty cool to be the third generation of my family to represent New Zealand,” Fox told CNN’s The Jazzy Golfer. Marty Melville / Getty ImagesNot playing his first tournament until 18, Fox was a late bloomer, but made up for lost time emphatically.

Former Wall Street Journal reporter Jay Solomon poses for a photograph in front of a building in Bethesda, Maryland, U.S., September 28, 2022. REUTERS/Raphael SatterLaw firms Dechert LLP FollowWASHINGTON, Oct 15 (Reuters) - A former Wall Street Journal reporter is accusing a major U.S. law firm of having used mercenary hackers to oust him from his job and ruin his reputation. Azima - who filed his own lawsuit against Dechert on Thursday in New York - did not immediately return a message. read moreSolomon’s suit is the latest in a series of legal actions that follows Reuters’ reporting about hired hackers operating out of India. Reuters has reported that lawyers for Ras Al Khaimah’s investment agency – RAKIA – used the emails to help win a fraud lawsuit filed against Azima in London in 2016.

☆ The Højgaard twins: Mistaken identity and making history
▼ + stars: | 2022-10-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

Welcome to life on Tour as the identical Højgaard twins, the 21-year-old rising stars of Danish golf. Richard Heathcote / Getty ImagesDays later, congratulations once again poured in for Nicolai, but this time there was no case of mistaken identity. Playing via a last-minute invite to the event, a one-stroke triumph at Marco Simone Golf Club secured him his maiden European Tour win and wrote the Højgaard name into the history books as the first brothers to win back-to-back Tour events. Nicolai celebrated his first Tour win at the Italian Open. “That would be a cool experience to share with Nicolai as well, maybe play a foursome together.”

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