asd

UAE to become the new location for international casinos: Reports

Reports claim that the UAE is prepping up to be the new location for international casinos as it seeks foreign investment.

Reports claim that the UAE is prepping up to be the new location for international casinos as it seeks foreign investment.

The UAE is looking at this option after the announcement made by Saudi Arabia that firms must move their head offices to the Kingdom by 2024 if they want to enjoy the investment opportunities of the Saudi government.

Advertisement

The UAE will now be moving quickly to maintain its position as a leader in foreign investments, in which Dubai has been excelling for decades. On the other hand, Abu Dhabi concentrates on amusement parks as an investment solution.

As major casino operators are turning towards new countries in search of a potential market, the UAE could cash in, not least as the saturation of the US market and Macau’s inability to expose itself to new concessions.

There are not many Arab countries which are allowed to have casinos. Lebanon will enable its residents and foreigners alike to go inside their casinos, whereas Egypt restricts them, all gambling to foreigners only, as followed by Tunisia. Morocco allows all types of gambling.

Thus, the UAE has an opportunity to be the next in the large market. This year, Ras Al-Khaimah, one of the smallest of its seven emirates, declared a deal with Wynn Resorts in Las Vegas to construct an integrated resort on Al-Marjan Island, a small, artificial archipelago similar to the famous Palm Jumeirah on the coast of Dubai.

Wynn Resorts partake in this project with the local Marjan Group Holding, which holds and functions as a chain of hotels and leisure assets.

This is not the first time that a significant casino operator like Wynn has entered into the Gulf emirates, where theoretically, gambling is still illegal.

Advertisement

This time the different thing is that it explicitly involves plans to make a “play zone.” The word “play” here is vague; it could mean a casino with roulette and blackjack tables or something more innocent, like sports. Such word games during planning proposals are not random, as conservative nations do not want to enrage their citizens.

Tariq Saeed

Read More

Dubai ex-pat Harding to take off on fifth human spaceflight on June 4

The fifth human spaceflight of Blue Origin carrying UAE ex-pat Hamish Harding is all set to take off on June 4, 2022. The Chairman of Action Aviation, Hamish Harding and a long-term resident of Dubai, will persist in his mission to investigate the most undiscovered places on earth as part of the crew on a flight of Blue Origin's NS-21 into space.

Dubai emerges as premier hub for UK millionaires seeking Greener pastures

This migration surge is expected to continue, with approximately 250 more millionaires set to make the move in the current year alone, positioning Dubai as the third most preferred destination for affluent individuals departing the UK

“Emirates Passport” flies to 176th country without a visa

The UAE passport has strengthened its global lead as the most powerful passport in the world. It has added a new country to the list of countries to which it travels without a prior visa, raising its balance of free access to 176 points alone

Recent

Vaping Not a Safe Alternative to Quit Smoking, UAE Doctors Warn

IN UAE, an increasing number of cigarette smokers are turning to vaping in hopes of quitting traditional smoking habits. Medical experts caution that vaping is not a safe alternative and does not effectively aid in smoking cessation

UAE: First Deputy Ruler of Dubai meets President of the World Bank Group

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai met President of World Bank to to Enhance the Collaboration.

Abu Dhabi: ‘Daman’ to provide full healthcare coverage to human trafficking, drug abuse victims

The National Health Insurance Company 'Daman' has declared free full healthcare coverage to victims who are being taken care of by Ewaa. The development comes as Daman signed an MoU (Memorandum of Understanding) with the Abu Dhabi Centre for Sheltering and Humanitarian Care - Ewaa, which is an affiliate of the Department of Community Development in Abu Dhabi.
admin