It will be possible for the supplier to supply licensed operators with its technology, online casino content, and land-based gaming equipment. It will run under the Gaming Related Vendor licence issued by the GCGRA, as stated in a press release.
Wynn Resorts became the first UAE company to receive a gaming license for a land-based casino on October 5th. In Ras Al Khaimah (RAK), United Arab Emirates, Wynn is building the Al Marjan Island Resort.
Wynn has stated that the project is expected to open in 2027. Operator estimates put the value of the UAE gaming sector at $3 billion and $5 billion. (2.30 billion to 3.90 billion euros) It expects to earn between $1.67 billion and $1.67 billion from its RAK property's gambling operations. The first projection is $1.33 billion.
As the first major international technology provider to receive a gaming-related vendor licence to service the UAE market, Aristocrat Gaming is "honoured," according to CEO Hector Fernandez.
Our mission here at Aristocrat is to provide you with the finest seat in the house, no matter where the action takes place in the world. "We are excited to accomplish this by offering top-notch content to players in the UAE and promoting responsible gaming at the same time," Fernandez stated.
In September 2023, the GCGRA was established with the purpose of supervising the regulation of gaming in the Emirates. The Game LLC was granted the exclusive lottery licence for the United Arab Emirates in July, allowing them to run their national lottery.
Members of the gambling industry's elite make up the board and management team of the regulator. Jim Murren, who was chairman and chief executive officer of MGM Resorts, and Mark Lipparelli, who was chair of the Nevada Gaming Control Board, are among them.
Casino permit pending for MGM
Additionally, on September 20th, MGM Resorts revealed that it had sought for a casino licence in the UAE. Chief Executive Officer Bill Hornbuckle had previously stated his hope to learn more about the government mission and control of the UAE regulator later in the year.
In Dubai, United Arab Emirates, the operator is building a resort. The 1,500 guest rooms and MGM, Bellagio, and Aria hotel brands are part of a relationship with Hospitality and Leisure that makes this possible. The agreement is from 2017.
During that period, Hornbuckle stated, "Dubai has not opined on [gaming] yet. "I would prefer to wait for further information from Abu Dhabi regarding the federal mandate and oversight until later this year. Then we can proceed accordingly."
