UAE sets up gaming regulator, potentially paving way for casinos

A former MGM chief will lead the board, which will regulate and manage licencing nationally.

Wynn Resorts, which is constructing a US$3.9 billion gaming resort in the UAE, reportedly expects to obtain a license ‘soon’.

The new authority is being set up to introduce a “world-leading regulatory framework” for a national lottery and commercial gaming, state media reported late on Sunday. The move comes a month after Wynn Resorts, which is building a US$3.9 billion gaming resort in the UAE, said it expects to “soon” obtain a license.

Earlier this year, senior government officials told Bloomberg there are no imminent plans to allow gambling, but casino operators, consultants and lawyers familiar with the matter say there have been early discussions and a change is being considered.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in MY

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Medvedev powers through US Open graveyard shift to reach last 16The win sets up the third seed for an intriguing meeting with Australian Alex de Minaur.
Read more »

Cirstea makes last 8 of Grand Slam for first time in 14 yearsThe veteran beat Switzerland’s Belinda Bencic in straight sets at the US Open.
Read more »

Djokovic downs Gojo to make US Open quarterfinalThe 23-time Grand Slam singles champion outclassed the Croatian in straight sets.
Read more »

Djokovic fights back from two sets down to reach US Open final 16NEW YORK, Sept 2 ― A tenacious Novak Djokovic survived a US Open late night fright battling back from two sets down to tame fellow Serb Laslo Djere 4-6 4-6 6-1 6-1 6-3 today,...
Read more »

Djokovic battles back from two sets down to reach US Open last 16The 36-year-old is on a quest to level Margaret Court’s record haul of 24 Grand Slams.
Read more »

Djokovic pulls off US Open escapeNEW YORK: Novak Djokovic rallied from two sets down against compatriot Laslo Djere to avoid his earliest US Open exit since 2006 on Friday, while Iga Swiatek and Coco Gauff closed in on a blockbuster clash.
Read more »