The profitable casino market is coming online.
A “The General Authority for the Regulation of Commercial Games (GCGRA)” officially in the UAE as a federal authority to provide a “world-leading regulatory framework” for national lotteries and commercial casino games.
the GCGRA It will be headquartered in Abu Dhabi, the country’s capital
According to Bloomberg casinos in The United Arab Emirates It can generate $6.6 billion in gambling revenue annually.
The internationally respected organizer Kevin Mullally has been appointed CEO affiliate GCGRA. He has over 30 years of experience in organizing games on a national and international level The United Arab Emirates.
Mullally is the former executive director of the Missouri Gaming Commission.
“I am delighted to be appointed to the inaugural position CEO affiliate GCGRAMulally said. “With my experienced colleagues, I am looking forward to creating a strong regulatory body and framework for The United Arab EmiratesLottery and gaming industry.
According to the The United Arab Emiratesthe GCGRA It is led by a team of internationally accredited leaders who have proven track records and a “deep understanding” of global best practices in regulating and maintaining an “efficient, safe and responsible gaming industry”.
Industry veteran Jim Morin will chair the regulator’s board. Maureen is the former CEO Based in Las Vegas MGM international resorts. He is also slated to be inducted into the American Gaming Association’s Gaming Hall of Fame.
In a statement, Morin said: “I am thrilled with the appointment of Kevin Mullally. He brings unparalleled experience in the category and will be invaluable in establishing a fit-for-purpose regulatory framework for The United Arab Emirates“.
the GCGRA It will create a “socially responsible and well-regulated gaming environment, ensuring all participants adhere to strict guidelines and adhere to the highest standards.”
Furthermore, it will “coordinate regulatory and licensing management activities at the national level and facilitate the responsible release of the economic potential of commercial games.”
Las Vegas-based Wynn Resorts reportedly already has a path to market.
According to the Associated Press, the northernmost emirate of the United Arab Emirates, Ras al-Khaimah, has announced a multi-billion dollar deal with Wynn Resorts in 2022.
In April, Wynn Resorts estimated the cost of the Ras Al Khaimah resort at $3.9 billion.
“We have spent the past year meticulously programming and conceptualizing Wayne Coral Island, carefully considering its unique location,” said Craig Billings. CEO From Wynn Resorts, “I am incredibly proud of our design and development team’s ability to bring our heritage of rich, thoughtful design to a sunny beachfront resort that will delight clients. We look forward to opening Wynn Al Marjan Island in early 2027.”
