High quality ZnO/Zn1MgO multi-quantum wells (MQWs) have been prepared on lattice-matched ScAIMgO4 substrates by laser-MBE method. Nine pixels of MQWs having different well widths were integrated in the same substrate by means of combinatorial masking techniques, which provided excellent specimens to systematically study the dependence of physical properties of MQWs on well widths. Optically pumped stimulated emission spectra were measured in these ZnO/Zn1MgO multi-quantum wells by using a tunable pulsed dye laser as excitation source. We investigated the pump-intensity dependence of the stimulated emission spectra from 5 to 300 K. At low temperatures, only one peak in the stimulated emission was observed, which could be assigned to the emission induced by exciton-exciton inelastic scattering (P-band). When the temperature increases above 160 K, there appears an additional peak at the lower energy side of the P-band, which was assigned to electronhole plasma emission. However, the emission due to the exciton-exciton scattering still remains up to room temperature. The gain spectrum for a multi-quantum well sample has been obtained by variable stripe method at room temperature. At an excitation intensity of about 2 MW/cm2, the peak gains for the P-band and electron-hole plasma emission are 239 cm1 and 380 cm1, respectively. The exciton binding energy was deduced from the energy difference between the P-band and free exciton band. The exciton binding energies of these samples having different well widths were found to increase with decreasing the well widths due to the quantum confinement effect. This enhancement of exciton binding energy should be favorable for the stability of exciton states at higher temperatures.