Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Casino operator Wynn wins UAE’s first commercial gaming license

A general view of the Dubai Esports and Gaming Festival. (WAM File)
  • The license was issued by the General Commercial Gaming Regulatory Authority, which was set up last year to allow for commercial gaming licenses to be issued in the Gulf Arab state
  • Wynn operates casinos in Las Vegas and Boston as well as in Macau, a Chinese territory close to Hong Kong.

Dubai, United Arab Emirates — US casino operator Wynn has received the first commercial gaming operator’s license to be issued in the United Arab Emirates where gambling is currently banned.

The license was issued by the General Commercial Gaming Regulatory Authority, which was set up last year to allow for commercial gaming licenses to be issued in the Gulf Arab state.

“Wynn Resorts … is proud to be the recipient of the first commercial gaming facility license in the UAE,” said a statement posted on the group’s website on Saturday.

It did not clarify whether “gaming” refers to gambling, and it made no mention of casinos.

Wynn operates casinos in Las Vegas and Boston as well as in Macau, a Chinese territory close to Hong Kong.

It is developing a luxury resort at Wynn Al Marjan Island in Ras Al Khaimah, one of the seven emirates that constitute the UAE which includes the tourist hub of Dubai.

The 1,542-room resort will have gaming amenities and is scheduled to open in early 2027.

Gambling is prohibited under Islamic laws in the oil-rich Gulf state, where the population is 90 percent foreign.

UAE authorities have for years denied reports that the country which neighbors Saudi Arabia, the birthplace of Islam, would lift a Gulf-wide ban on gambling.

But it has made a series of liberalizing moves amid regional competition, notably from Saudi Arabia and Qatar.

These included lifting a ban on unmarried couples living together, loosening restrictions on alcohol and offering long-term residencies.

In 2022, the UAE adopted a Western-style Saturday-Sunday weekend, in what experts said was an attempt to maintain its edge over regional competitors.