New regulations for commercial gaming in the UAE explained
This move is expected to pave the way for casinos in the region.
Talks surrounding the introduction of casinos in the UAE have long been taking place. In an effort to ease everyone into this new change, the UAE has announced its first-ever lottery licence, setting the stage for gaming activities in the region.
The UAE Lottery licence will fall under a firm called The Game LLC. The UAE has established the General Commercial Gaming Regulatory Authority (GCGRA) to oversee commercial gaming in the UAE. This authoritative body is tasked with regulating all commercial gaming activities across the country, including lotteries, internet gaming, sports wagering, and land-based gaming facilities.
While the UAE lottery is the first initiative licensed by the GCGRA, it’s not expected to be the last. The GCGRA’s key focus will be responsible gaming, with an emphasis on player education, responsible marketing, employee training, and the evaluation of these initiatives’ effectiveness. Every licensed business will be required to appoint a key person to ensure these responsible gaming practices are strictly followed. The application form for a gaming licence is open to all seven emirates.
This move shift would likely draw the attention of tourists and major industry players, including those from Macau and Las Vegas. It also highlights the UAE’s commitment to fostering a secure and responsible gaming environment.
While the exact launch date of the UAE lottery is still under wraps, it promises a variety of games designed to cater to different interests and financial preferences.
With the groundwork laid by the GCGRA, this hints that the UAE could soon see more casinos and gaming facilities opening their doors. Wynn Al Marjan Island in Ras Al Khaimah is gearing up to be the first casino resort in the UAE and is expected to obtain this licence soon. The resort will feature a ‘licensed gaming’ component larger than its Las Vegas counterpart.
As the UAE navigates this new territory, the focus remains on creating a safe, fair, and socially responsible gaming environment, promising benefits for both the economy and society.
Stay tuned at FACT for all the insights.
GO: Visit www.gcgra.gov.ae for more information.
