UAE forms regulatory authority for gambling
The UAE has recently established a new regulatory authority for gambling, the GCGRA.
The new regulatory authority will aim to facilitate the gambling pastime in a responsible manner across the entirety of the country. It will be responsible for licensing in all of the country’s emirates and coordinating all regulatory actions to take advantage of the opportunities offered by the sector while maintaining its social responsibility targets.
The GCGRA will be headed by two experienced gambling professionals, Kevin Mullally and Jim Murren, who will be taking on the roles of the authority’s CEO and Chair respectively. Mullally in particular has more than three decades of experience in gambling regulation, having worked with the Missouri Gaming Commission for more than a dozen years starting in 1993 and more than 17 years with GLI starting in 2006.
The announcement did not mention what types of gambling would be permitted in the country, as the pastime is currently illegal in the UAE and is punishable by up to two years in prison. Other details, such as any possible gambling taxes and license application fees, were not mentioned as well.
This announcement follows shortly after the country’s first land-based gambling establishment, Wynn Resorts’ Al Marjan casino, began construction in the country. The property is estimated to open its doors to patrons sometime in 2027, featuring a more than 300-meter-tall skyscraper and a hotel with more than 1,500 suites.