A Significant Move in a Burgeoning Market
The UAE’s federal gaming entity – The General Commercial Gaming Regulatory Authority (GCGRA) – started accepting gaming license proposals in July. The country is traditionally famed for its conservative stance on gambling, and the activity will remain off-limits for Emiratis. Nevertheless, the region is increasingly displaying a willingness to explore new ways to attract global tourism.
Abu Dhabi is a focal point for luxury hospitality, and MGM seeks to contribute to its evolving entertainment landscape. The region has long depended on oil reserves and is now looking to diversify its economy with legalized gambling. The sector will target 80% to 90% of the UAE’s population, which is mainly expats.
Longstanding UAE Gaming Interests
“We actually have a long history in the region,” Hornbuckle explained during his on-stage interview with Sean O’Neill, Skift’s senior hospitality editor. “We worked with a group called Dubai world, which was partnered with us in CityCenter.”
MGM Resorts and Dubai World collaborated on the construction of CityCenter on the Las Vegas Strip in 2007. The property now houses the Aria Casino Resort and residential Veer Towers.
Hornbuckle stated that MGM has been scanning Dubai as the potential home for its first Middle Eastern casino. However, the company shifted its interest to a gaming development in Abu Dhabi since it is the capital.
Growing Competition
While MGM’s gaming pursuits in Abu Dhabi are in their infancy, Wynn Resorts has already hit the ground running with its resort construction already underway. However, it has yet to receive a license from the GCGRA. Wynn Al Marjan Island is scheduled to open in 2027, and the authority’s board has already visited the property.
