MGM Resorts has applied for a casino license in the United Arab Emirates (UAE), aiming to become the second major operator in the region. This news was confirmed by MGM’s CEO, Bill Hornbuckle, during his keynote at the Skift Global Forum in New York on September 19. The application was submitted to the Abu Dhabi government, but it needs both federal and local approval.
Hornbuckle explained the process, saying, “The federal government and the Abu Dhabi government will approve it. Then each ruler will have their say. It’s like a state, where each state says yes or no.” He hopes for more clarity on the regulatory framework by the end of the year.
MGM has a history in the UAE, notably through a partnership with Dubai World, which helped develop CityCenter in Las Vegas. In 2021, MGM bought out Dubai World’s stake for $2.1 billion. Currently, MGM is developing a luxury resort on Jumeirah Beach in Dubai, which could potentially include gaming if legalized.
Abu Dhabi is seen as the likely first emirate to legalize gaming, although any future casinos would mostly cater to the UAE’s large expatriate population. Emirati citizens would still be prohibited from gambling under Islamic law.
Meanwhile, Wynn Resorts is also awaiting approval for a $4 billion resort on Al Marjan Island in Ras Al-Khaimah. Both companies are competing for licenses from the General Commercial Gaming Regulatory Authority (GCGRA).
The UAE’s interest in gaming follows a regional trend, with countries like Saudi Arabia and Qatar looking to attract global tourists. Hornbuckle remains optimistic about MGM’s chances, saying, “We’re excited by what it presents and we hope to be there.”
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