The United Arab Emirates has inaugurated a federal agency tasked with regulating the gaming industry, and it has enlisted the expertise of veterans from the U.S. gambling sector to lead this initiative, as reported by the state news agency WAM.
This move finally puts to rest years of speculation surrounding the UAE’s stance on gambling, which has long been deemed illegal in the conservative Gulf region. The announcement gained prominence when it was revealed that Ras Al Khaimah, one of the UAE’s seven emirates, was gearing up to unveil a lavish $3.9 billion Wynn Resort, complete with a casino.
These bold steps towards embracing gambling come amid heightened economic competition in the Gulf, particularly with neighboring Saudi Arabia. As the UAE seeks to maintain its status as the region’s premier hub for trade, tourism, and finance, it has implemented a series of progressive legal reforms.
Leading the newly established General Commercial Gaming Regulatory Authority (GCGRA) is Chairman Jim Murren, while Kevin Mullally assumes the role of Chief Executive, according to WAM.
Mullally, whose LinkedIn profile highlights a tenure of over 17 years at Gaming Laboratories International, previously served as the Executive Director of the Missouri Gaming Commission, responsible for regulating riverboat gambling. On the other hand, Murren’s LinkedIn profile notes his role as Chairman and Chief Executive of MGM Resorts International from 2008 to 2020.
WAM quoted Mullally as stating, “With my experienced colleagues, I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry.”
Furthermore, WAM emphasized the GCGRA’s mission, stating, “The GCGRA will create a socially responsible and well-regulated gaming environment, ensuring that all participants adhere to strict guidelines and comply with the highest standards. It will coordinate regulatory activities, manage licensing nationally, and facilitate unlocking the economic potential of commercial gaming responsibly.”
