The potential introduction of up to four new casinos in Dubai marks a significant development in the gambling landscape of the United Arab Emirates, reflecting the growing interest in this industry in the region.
Global gambling giants MGM Resorts and Wynn Resorts are leading the race to establish themselves in this promising market. MGM is considering building a casino on an island in Dubai, while Wynn Resorts plans a project estimated at $3.9 billion in Ras Al Khaimah, regulated by a new authority for leisure and gaming.
These developments come as the United Arab Emirates prepares for stricter federal regulations on commercial gambling, reflecting a significant shift in attitude towards this industry.
MGM Resorts and Wynn Resorts are adopting different approaches to adapt to local conditions, exploring various options for managing potential future casinos.
Despite uncertainty surrounding the potential issuance of casino licenses, these companies are taking proactive steps to explore opportunities and prepare for potential gaming expansion in the region.