MGM Resorts Highlights Potential in UAE

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2 days ago

Dubai Emerges as Potential Hub for Integrated Resort Development

Recent discussions between executives from a major hospitality and entertainment company and a high-ranking Dubai official suggest a possible shift in focus towards developing an integrated resort in the emirate. While previous indications pointed towards Abu Dhabi, new developments hint at Dubai as a potential target.

Strategic Meeting Sparks Speculation

Key figures, including the chairman and a major shareholder of the company, recently met with Dubai’s deputy ruler, who also holds significant governmental positions. This meeting has fueled speculation about the future of gaming and entertainment in the region.

“The conversation centered on the potential benefits an integrated resort could bring to Dubai and the broader UAE, particularly in terms of entertainment and tourism.”

Dubai’s Position: Awaiting Clarity

While the UAE has established a federal regulatory body for commercial gaming, the decision to permit gaming rests with individual emirates. Dubai, the most populous emirate, has yet to announce its stance on the matter.

The company is proceeding with a major development on Jumeirah Beach, slated for completion in 2027. The facility is being designed to accommodate potential gaming elements, pending regulatory approval.

Key Considerations:

Dubai has not yet approved or rejected the possibility of gaming.
The Jumeirah Beach project is designed with potential gaming integration in mind.
Completion of the project is anticipated in 2027.

The Broader UAE Gaming Landscape

Wynn Resorts is already constructing the first integrated resort in Ras Al-Khaimah, scheduled to open in 2027. This has spurred interest and speculation about other potential entrants into the UAE market.

While the company previously expressed interest in Abu Dhabi, the recent focus on Dubai suggests a possible strategic shift. However, regulators have indicated a measured approach to market expansion, emphasizing a deliberate pace.

Regulatory Developments and International Collaboration

Licensing for gaming suppliers is progressing more rapidly than operating licenses. Several suppliers have already secured licenses to operate in the UAE.

The UAE’s gaming regulatory authority is actively engaging in international collaboration, recently signing an agreement with New Jersey’s Division of Gaming Enforcement. This partnership will focus on areas such as consumer protection, cybersecurity, and responsible gaming initiatives.

Areas of Collaboration: