There is also a lot of speculation about where the new casinos will be based. Īllegedly, it might be possible that the long-expected gaming decree was signed by the country’s leaders, but nothing has been released yet. As Hornbuckle states, there is a possibility of two parties taking equity when it comes to the gaming venue or signing the lease agreement. However, the government doesn’t want to own the casinos, so there are several options that might be accepted. The United Arab Emirates is one of the richest countries in the world. We’re very progressive and excited by what could happen there.” Hornbuckle added: “I’d love to be in Dubai with an operating product with a casino in it, but one step and one day at a time. Jim Murren, the former CEO of MGM, will be the chairman, which might be beneficial for the company in case the emirate approves the casino gaming. On top of that, the General Commercial Gaming Regulatory Authority (GCGRA), the first gaming regulatory agency in the UAE, will be established, as revealed in September. The casino will be placed on the manmade island of Ras Al Khaimah, one of the emirates.Īll of this gives hints that the government is considering opening casinos and integrated resort hubs in the country. The works on the property have already begun, and it is estimated that the resort will be opened in 2027. Back in 2021, Wynn Resorts revealed its plans for Wynn Al Marjan Island, which might feature a casino as well. But MGM isn’t the only big company that is considering UAE expansion. So, when the United Arab Emirates government agrees to allow the casinos, MGM will be ready to conquer the new market. We think there will be three or four in the Emirates.” We’re now building a podium and pedestal that could house a casino.

This island has an MGM, a Bellagio, and an Aria on it. At the event, he said: “We were there early. He said that the company partnered with the renowned Wasl Asset Management Group and that the Dubai property would be a great choice for the new casino. Hornbuckle was speaking at the recently held Global Gaming Expo, held in Las Vegas. According to the company’s chief executive officer, Bill Hornbuckle, MGM set aside a huge space of 150.000 square feet of the property they already own in Dubai to be used as a casino. MGM Resorts International is looking forward to building the new casino in Dubai. United Arab Emirates, Dubai, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino proposals, New Hotels, Gaming Industry News, Casino project updates Betting on sports futures, props and lay bets.

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