(Reuters) – Hotel and casino operator Wynn Resorts said on Friday it had been awarded the first commercial gaming operator’s license in the United Arab Emirates by the country’s General Commercial Gaming Regulatory Authority.
The Las Vegas-based casino firm said it was developing a luxury resort at Wynn Al Marjan Island in Ras Al Khaimah.
The project, under construction, is a joint venture between affiliates of Wynn Resorts, Marjan and RAK Hospitality Holding, Wynn said.
Ras Al Khaimah’s government communications office, RAKTDA, and RAK Hospitality Holding did not immediately respond to Reuters requests for comment.
The UAE last month set up a federal entity to regulate gambling and hired veterans of the U.S. industry to lead it, ending years of speculation whether the country would allow gambling – illegal across the conservative Gulf region.
The moves to allow gambling are against a backdrop of intensifying economic competition in the Gulf, especially with Saudi Arabia. The UAE last month introduced a raft of liberal legal reforms as it tries to maintain its edge as the region’s trade, tourism and financial hub.
(Reporting by Disha Mishra in Bengaluru; Editing by William Mallard)
October hasn’t started too well for my parlays, as I’ve whiffed on three straight. For my SGPN Parlay for Saturday (October 5th): UFC Parlay, I’ll tr
Two days of football down, two bets hit! Only 53 more days to go before I’m 55-0! For my best bet for Saturday, October 5th: College Football Predictions
[embed]https://www.youtube.com/watch?v=5C6C0GnKZVg[/embed][embed]https://www.youtube.com/watch?v=5C6C0GnKZVg[/embed] Ryan Gilbert and Joel Meyer finish th
MONTICELLO, Ky. (WYMT) - Two people were arrested, and dozens of gaming machines confiscated following an investigation into at least four businesses.Search war