MGM Resorts International is seriously considering opening a casino within its Dubai resort. This was announced by the company’s CEO Bill Hornbuckle, speaking at the recently held Global Gaming Expo in Las Vegas.
According to the CEO, MGM has allocated for a potential casinoof gambling. Thus, in September it was announced that the General Commercial Gambling Regulatory Authority (GCGRA) would be established. It is expected that Jim Murren, former CEO of MGM, will become the Chairman of the Board of the regulator. This will benefit the company in case casino gambling is approved by the Emirate.
However, MGM is not the only major player considering expansion in the UAE. Back in 2021, Wynn Resorts announced its plans for Al Marjan Island in Ras Al Khaimah, which could also have a casino. Work has already begun on the site, and the The development of gambling and the construction of casino resorts is likely to generate additional revenue. According to a Bloomberg Intelligence report for 2023, the United Arab Emirates could receive up to $6.6 billion (almost 642.3 billion rubles) in gambling revenue per year.
Recall: from January to September 2023, the total amount of taxes from gaming in Macau reached 45.77 billion.
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