INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Gulf Arab’s first casino being opened at Ras Al Khaimah resort

An Emirati flag fluttering above Dubai. AFP
  • The casino would mark a watershed moment for the Gulf region
  • The region has traditionally imposed stricter Islamic rules than other parts of the Middle East

Ras Al Khaimah, UAE – In a first for Gulf Arab region, hotel and casino operator Wynn Resorts will open a casino at the luxury resort it is building in the United Arab Emirates (UAE), Chief Executive Craig Scott Billings said, Reuters reported.

The casino would mark a watershed moment for the Gulf. The gambling has been off-limits for a region that has traditionally imposed stricter Islamic rules than other parts of the Middle East.

The opening of a new casino comes in the wake of a fast-changing Gulf region, trying to diversify its economy its oil-dependent economy. The UAE and the rapidly-opening Saudi Arabia are engaged in a tough competition to attract the international businesses, investment and tourists.

The casino is set for completion in 2026 on a man-made island off the coast of Ras Al Khaimah.

Ras Al Khaimah is one of the smaller and lesser-known of the seven UAE emirates.