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• The UAE might allocate one casino license per each of its 7 Emirates in an effort to tap the lucrative gaming tourism market.
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Some have likened what’s happening in the UAE to building a Las Vegas in the Middle East. But Beynon sees a better analogy in Japan, which is on track to welcome its first casino by 2030. Just as the UAE is opening to gaming, Japan is also ending its long-standing ban on gambling. And like in the emirates, if U.S. casino operators want to enter the Japanese market, they must first team up with local partners. Osaka Integrated Resort, or Osaka IR, is a $233 million casino-hotel to be built on Yumeshima, an artificial island in Osaka Bay.

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The General Commercial Gaming Regulatory Authority (GCGRA) announced the first gaming license and published the framework for gambling, detailing the types of games allowed. They expect to receive more applications to permit gambling. GCGRA granted new vendor licenses to Aristocrat and Smartplay, enhancing gaming equipment, lottery operations, and online gambling. The focus remains on transparency and regulatory compliance. The UAE has recently made strides towards regulating certain forms of gambling, and casinos are awaiting license approval.