The United Arab Emirates has entered a new era of entertainment with the launch of the UAE Lottery, the nation’s first licensed gambling operation. Residents can now legally participate in lottery games, with tickets available online ahead of the inaugural Lucky Day draw on December 14. A Historic Milestone For the first time in the…
MGM Resorts has applied for a casino licence in the United Arab Emirates (UAE), becoming the second major gaming company to make a move into this market. Bill Hornbuckle, the chief executive of MGM Resorts, announced the application during a keynote speech at the Skift Global Forum in New York on 19 September. He said…
Introduction and Key Developments ABU DHABI: The United Arab Emirates (UAE) has taken a significant step towards legalising gambling by awarding its first lottery licence, hinting at the possibility of future casinos and other gaming activities in the country. The UAE’s general commercial gaming regulatory authority announced that The Game LLC will operate the UAE…
Growing Belief in Marjan Island’s Potential Many believe Marjan Island in the United Arab Emirates (UAE) might become a major gambling area like Las Vegas or Macau. This is surprising because gambling is banned under Islamic law and is still illegal in the UAE. Currently, no casinos exist in the six Gulf Cooperation Council countries:…
Ixia Capital, a new venture capital (VC) fund, is aiming to benefit from the promising future of online gaming in the United Arab Emirates (UAE) with its $20 million (£15.8 million/€18.7 million) fund. This fund, run by experienced professionals in gaming and finance, will invest in “high-growth” gambling companies from the seed stage to Series…
Wynn Resorts’ (NASDAQ: WYNN) plan to build a casino resort in Ras Al Khaimah, UAE, might face challenges if Dubai decides to allow casino gaming, says an analyst. At the recent G2E Asia conference in Macau, Seaport Research senior analyst Vitaly Umansky mentioned that the Wynn project could be at risk if Dubai permits regulated…
