With its glitzy luxury resorts and a world-renowned horse racing industry, the United Arab Emirates soon might have a new card to play in attracting visitors — gambling.
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 , would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM.
” A statement by Wynn Resorts did not elaborate on whether gambling would be involved, but Craig Billings, CEO of Wynn Hotels, told shareholders in an earnings call on August 9 that the resort expects to have a license for gaming operations in Ras Al Khaimah “imminently.” “There should be no concern that there is a broader legalization process in order for gaming to occur in that property,” Billings told shareholders.
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