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With the anticipated surge in tourism, real estate demand is expected to grow, leading to increased property values. Investors are already eyeing the area, with new developments likely to spring up near the resort to cater to tourists and residents. The introduction of the casino at Wynn Marjan Island marks the first time gambling will be permitted in the UAE.
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- CEO Bill Hornbuckle confirmed the proposal was sent to the UAE’s General Commercial Gaming Regulatory Authority.
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Since the beginning of speculation, we’ve covered news on Dubai’s casinos and the legalization of gambling. While Sharia serves as a guiding principle, the UAE’s legal system is a hybrid structure that also incorporates elements of civil law to govern various aspects of public and private life. Under Islamic Sharia law, gambling is unequivocally prohibited. This change will allow for the issuance of gambling licenses, including for casino operations. The United Arab Emirates sets up a federal entity to regulate gaming and hired veterans of the U.S. gambling industry to lead it, as stated by the news agency WAM.
Dubai’s is putting casino plans on hold, as senior government officials see it as ‘not a priority’ due to the booming tourism industry in the city. However, the Casino Ras Al Khaimah project continues to move forward. “As a brand, we are not interested in adding a casino to one of our properties,” Attilio Marro, Senior Director of Bulgari Hotels & Resorts, told our team. He emphasized the group’s opposition to casino integration in Dubai, prioritizing luxury and elegance over gambling.
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