{"id":7209,"date":"2024-05-24T08:35:54","date_gmt":"2024-05-24T08:35:54","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/05\/24\/genting-group-eyes-uae-for-potential-casino-resort-development\/"},"modified":"2024-05-24T08:35:54","modified_gmt":"2024-05-24T08:35:54","slug":"genting-group-eyes-uae-for-potential-casino-resort-development","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/05\/24\/genting-group-eyes-uae-for-potential-casino-resort-development\/","title":{"rendered":"Genting Group Eyes UAE for Potential Casino Resort Development"},"content":{"rendered":"<div>\n<p>Genting Group Chairman Lim Kok Thay has revealed the conglomerate\u2019s interest in developing an integrated casino resort (IR) in the United Arab Emirates (UAE). This interest comes as the <a href=\"https:\/\/igaming.org\/casino-news\/uae-considers-granting-casino-licenses-across-its-emirates\/\">UAE considers legalizing gambling<\/a>.<\/p>\n<p>At a Genting Singapore annual meeting on April 18, Lim discussed the company\u2019s future expansion plans. He mentioned that an international tender for a casino-only development in the Middle East is unlikely. The minutes from the meeting, published in a stock exchange filing on May 17, highlighted Genting\u2019s openness to leveraging its experience in non-gaming offerings for a potential IR project in the UAE.<\/p>\n<p>Lim responded to shareholder inquiries about expansion into new markets like Thailand and the UAE by stating,<em> \u201cThe company would be happy to work on an IR development in the Middle East, leveraging the company\u2019s experience in non-gaming offerings.\u201d<\/em><\/p>\n<h2><strong>UAE\u2019s Evolving Gaming Landscape<\/strong><\/h2>\n<p>The UAE established a federal body in 2023 to regulate the gaming industry, signaling a possible shift in its strict gambling laws. Currently, under Islamic, or Shariah law, gambling is prohibited, with violators facing fines or imprisonment. However, the potential legalization of casinos marks a significant shift.<\/p>\n<p>Bloomberg reported in November that Abu Dhabi and Ras Al Khaimah are at the forefront of the push to introduce casinos, while Dubai has temporarily shelved its gambling plans. Possible locations in Abu Dhabi include Yas Island, famous for its Yas Marina Formula One Circuit and various theme parks, and a site near the city\u2019s port.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In Ras Al Khaimah, Las Vegas-based Wynn Resorts began construction in 2023 on a $3.9 billion integrated resort, slated to open in 2027. Wynn has indicated the project will feature \u201cgaming,\u201d though specifics have not been disclosed by the Ras Al Khaimah government.<\/p>\n<p>According to a May 14 report by Bloomberg Intelligence analysts Angela HanLee and Lea El-Hage, the UAE\u2019s casino market could potentially exceed Singapore\u2019s in terms of revenue. This prediction underscores the significant economic impact that legalized gambling could have in the region.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/genting-group-eyes-uae-for-potential-casino-resort-development\/\">Genting Group Eyes UAE for Potential Casino Resort Development<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Genting Group Chairman Lim Kok Thay has revealed the conglomerate\u2019s interest in developing an integrated casino resort (IR) in the United Arab Emirates (UAE). This interest comes as the UAE considers legalizing gambling. At a Genting Singapore annual meeting on April 18, Lim discussed the company\u2019s future expansion plans. He mentioned that an international tender [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7209","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7209"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7209\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}