Casino Giants Eye UAE as Country Considers Gambling
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Casino companies are keeping an eye on the UAE as legal gambling becomes an increasing possibility.
Gambling is coming to Ras Al Khaimah. Wynn Resorts will build a gaming resort on a man-made island in Ras al Khimah, one of the seven Emirates.
Dubai is a tourist destination. Caesars Palace in Dubai is considering gambling. MGM is already planning a new resort. UAE government media office and the media offices of the emirates of Dubai, Abu Dhabi, and Sharjah remain silent about RAK's intent to regulate gambling and whether the rest of UAE will follow suit. If a license is able to be bid for, any global gaming company is going to want to get involved in the conversation.
The UAE and Dubai have dominated tourism and prestige in the Gulf. Saudi Arabia is trying to Westernize the country and make it less dependent on oil. The UAE has already made changes to keep Saudi Saudi at bay. It has decriminalized alcohol consumption and premarital cohabitation and created a lottery. Rumors of the distribution of gambling licenses in Dubai were denied last year. Ras Al Khaimah Tourism Development Authority promised to create regulations for gambling. It remains unclear how RAK will regulate gambling until a ban is removed from the federal penal code.
It remains unclear how RAK will regulate gambling until a ban is removed from the federal penal code.
