UAE Moves Closer to Casino Launch as New Lottery Rolls Out

Article by : Erik Gibbs Jul 30, 2024

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The United Arab Emirates (UAE) has taken a significant stride towards becoming the Gulf region’s first nation with legalized gambling. On Sunday, regulators issued the country’s inaugural lottery license and simultaneously unveiled comprehensive casino and gaming regulations.

Previously inaccessible, the General Commercial Gaming Regulatory Authority (GCGRA) website has opened its doors to the public, outlining a detailed roadmap for the UAE’s burgeoning gaming industry. From casino licensing to the establishment of slot machines and poker tables, the regulatory framework is now in place. Notably, the license application process extends across all seven emirates, hinting at a potential gaming landscape beyond the initial focus on Ras Al Khaimah, Abu Dhabi, and Dubai.

Jim Murren, Chairman of the GCGRA, hailed the lottery license as a pivotal moment, emphasizing the authority’s commitment to a regulated and secure gaming environment. The GCGRA’s definition of commercial gaming encompasses a wide range of activities, including lotteries, internet gaming, sports betting, and land-based casinos. The latter will feature traditional games like slots, roulette, blackjack, baccarat, and craps.

The first license awarded to The Game LLC, a specialist in game development and lottery operations, marks the official launch of the UAE Lottery. This exclusive license temporarily overshadows existing lottery operators like Mahzooz and Big Ticket.

While the licensing framework is operational, no physical casino has yet been granted a license. However, Wynn Al Marjan Island is widely anticipated to be the frontrunner, with its scheduled opening in 2027. Other luxury resorts like Atlantis Dubai and the upcoming MGM Dubai are also in contention.

To ensure responsible gaming, the GCGRA mandates comprehensive programs, including player education, marketing restrictions, employee training, and regular audits. Operators must designate a key individual to oversee these initiatives and maintain a local presence through a qualifying domestic entity.

The potential economic impact of legalized gaming is substantial. Analysts at CBRE estimate that UAE casinos could generate up to $8.5 billion in annual revenue. Wynn Resorts, a key player in the emerging market, is exploring opportunities beyond its flagship Al Marjan Island project, potentially managing additional hotels and creating an “Arabian Strip” comparable to the Las Vegas Strip.

The UAE’s foray into legalized gaming represents a bold move with far-reaching implications for the nation’s economy, tourism industry, and social landscape. As the regulatory framework matures and more licenses are issued, the country is poised to become a significant player in the global gaming market.