Ras Al Khaimah and Abu Dhabi are moving forward with plans to open casinos in the United Arab Emirates, while Dubai has reportedly pulled out of the race, according to Bloomberg.
The UAE government recently created a General Commercial Gaming Regulatory Authority (GCGRA) to oversee the legalization and regulation of gambling in the country. Under the current proposal, each of the seven emirates could be granted a single casino license, if they choose to open up to gambling.
A Bloomberg Intelligence report estimates that the UAE could generate up to $6.6 billion in gambling revenue annually, potentially surpassing Singapore.
Abu Dhabi is currently looking at potential sites for an integrated resort (IR) with a casino, with two of the main options being Yas Island and a site close to the port.
In Ras Al Khaimah, gaming operator Wynn Resorts has already announced plans to establish an IR with a casino on Wynn Al Marjan Island, with the property set to open in 2027.
In Dubai, however, senior government officials reportedly do not believe that a casino is necessary, since the city is already a large tourism hub in itself.
MGM Resorts International CEO Bill Hornbuckle has expressed optimism that the UAE will become a hub for casino resorts, and that the group’s project is awaiting approval from the Emirati authorities.
A UAE-based lawyer recently explained to AGB that despite authorities moving with a sense of urgency, gaming regulation is still unlikely this year.
Summary:
- Ras Al Khaimah and Abu Dhabi are pushing ahead with plans to open casinos in the UAE.
- Dubai has reportedly pulled out of the race.
- The UAE government has created a regulatory authority to oversee the legalization and regulation of gambling.
- Each of the seven emirates could be granted a single casino license, if they choose to open up to gambling.
- The UAE could generate up to $6.6 billion in gambling revenue annually.
- Abu Dhabi is looking at potential sites for an IR with a casino.
- Wynn Resorts is planning to establish an IR with a casino in Ras Al Khaimah.
- Dubai officials do not believe that a casino is necessary.
- MGM Resorts is awaiting approval for its project.
- Gaming regulation is unlikely this year.
Q: What is the legal age for gambling in Abu Dhabi?
A: The legal age for gambling in Abu Dhabi is 21.
Q: Where can I gamble in Abu Dhabi?
A: Gambling will be available at integrated resorts and other licensed establishments.
Q: What types of gambling will be available in Abu Dhabi?
A: The types of gambling that will be available in Abu Dhabi have not yet been definitively announced. However, it is expected that casinos, sports betting, and online gambling will all be permitted.
Q: How can I gamble responsibly in Abu Dhabi?
A: Set a budget and stick to it. Don’t gamble when you’re feeling stressed or emotional. Take breaks often. Don’t be afraid to ask for help if you’re struggling.
Q: What are the potential benefits and risks of gambling?
A: Gambling can have both positive and negative impacts. Potential benefits include increased revenue for the government, new job opportunities, and increased tourism. Potential risks include addiction, financial problems, and social problems.
