UAE Gaming Regulator Says More Resort-Casinos Are Coming

Key Points

• The UAE has issued its first casino license to Wynn Resorts, which plans to open a $3.9 billion integrated resort in Ras Al Khaimah in early 2027.
• The General Commercial Gaming Regulatory Authority (GCGRA) expects two to four integrated resorts to open in the UAE over the next five to ten years, expanding beyond Ras Al Khaimah.
• The UAE’s nascent gaming industry could contribute up to 1.7% of GDP and generate nearly $10 billion annually, marking a major shift in a country where gambling has been a cultural taboo.

Summary

The United Arab Emirates is preparing for significant growth in its gaming industry, following the issuance of its first casino license to Wynn Resorts for a $3.9 billion integrated resort in Ras Al Khaimah, set to open in 2027. The General Commercial Gaming Regulatory Authority expects two to four more integrated resorts in the next five to ten years, expanding beyond RAK. This rapid shift is notable in a country where gambling has long been culturally taboo, and the industry could soon contribute up to 1.7% of the UAE's GDP, generating close to $10 billion annually.