In a bold move towards economic diversification, the United Arab Emirates (UAE) has embarked on a transformative journey towards the legalization of Casinos and gaming within its borders. Spearheaded by the establishment of the General Commercial Gaming Regulatory Authority (GCGRA) under the leadership of industry veteran Jim Murren, former chairman of the American Gaming Association and CEO of MGM Resorts, the UAE is poised to redefine its entertainment landscape.
The proposed framework allows for the potential issuance of a single casino license to each of the seven emirates, paving the way for significant revenue streams and positioning the UAE as a global gaming destination. With projections estimating potential annual gambling revenue of up to $6.6 billion, the UAE’s ambitions rival those of established gaming hubs like Singapore.
Abu Dhabi, the capital of the UAE, emerges as a frontrunner in this initiative, exploring potential sites for integrated resort developments. Yas Island, renowned for its existing array of entertainment offerings, stands as a prime candidate, alongside strategic locations near the city’s bustling port.
Meanwhile, Dubai, initially considered a contender, has placed immediate plans for gambling on hold. However, developments in the city, such as the MGM, Bellagio, and Aria hotel projects, indicate potential interest should regulatory landscapes evolve.
Under the proposed framework, each of the seven emirates could be granted a sole casino license by the central government if they opt to embrace gambling.
As per a 2023 Bloomberg Intelligence report, the UAE stands to potentially generate annual gambling revenues of up to $6.6 billion, potentially surpassing those of Singapore.
Bloomberg reports that Abu Dhabi is currently exploring potential locations for an integrated resort, with Yas Island, already a hub for entertainment offerings, and a site near the port emerging as the primary contenders.
MGM For Abu Dhabi
As MGM Resorts, a global leader in gaming and entertainment, pursues the development of its three hotel brands in Dubai, the company’s CEO and President Bill Hornbuckle has recently announced that the casino giant is now looking at the United Arab Emirates government to pass a gambling decree and enable MGM Resorts to seek a casino gaming license in either Dubai or Abu Dhabi.
MGM Resorts, a key player in the global gaming industry, has expressed keen interest in securing a gaming license in either Dubai or Abu Dhabi. Bill Hornbuckle, CEO and President of MGM Resorts anticipates significant progress in the coming months, propelled by the GCGRA’s proactive stance in establishing regulatory frameworks post-Ramadan.
As the UAE navigates this transformative journey, each emirate holds the authority to approve or reject gambling within its jurisdiction, emphasizing the decentralized nature of decision-making within the federation.
Real Estate for Casinos in Abu Dhabi
Abu Dhabi’s evolution into a premier global tourist and investment hub has been highlighted in recent research by Knight Frank. Over the past two decades, the emirate has strategically positioned itself as a complementary cultural and entertainment destination to Dubai, significantly enhancing its appeal to both investors and high-net-worth individuals (HNWI).
In Knight Frank’s Destination Dubai flagship report, Abu Dhabi emerges as the second most sought-after real estate investment destination among global HNWI, trailing only behind Dubai. With 21% of respondents naming Abu Dhabi as their preferred property acquisition location in the UAE, the emirate demonstrates considerable attractiveness for real estate investment.
This magnetism is attributed to a combination of cultural landmarks and world-class infrastructure, including iconic attractions such as Yas Island, Abu Dhabi Global Market, and Saadiyat Island. Notably, the presence of renowned museums like the Louvre, along with upcoming projects such as the Guggenheim and Zayed museums, further solidifies Abu Dhabi’s reputation as a cultural and leisure destination..
For Gaming Companies trying to Setup a Company in Abu Dhabi
Gaming companies aspiring to enter the United Arab Emirates (UAE) must prioritize thorough preparation and strategic engagement due to the expected restricted and tightly regulated regulatory environment. Although the regulatory framework may not adopt an “open for all” stance, companies must take proactive steps in conforming to local requirements and forging essential partnerships to successfully navigate the regulatory terrain.
When planning to enter the UAE market, gaming companies must first define their proposed services and offerings. This involves identifying specific gaming verticals, such as casinos, online gaming, or sports betting, that they intend to operate within.
Establishing partnerships with local entities is paramount for accessing vital resources and expertise tailored to the UAE market. These collaborations enable companies to adhere to regulatory requirements and cultural norms effectively.
Maintaining proactive engagement with relevant authorities showcases a commitment to compliance and transparency. By staying updated on regulatory developments and participating in consultations, companies can shape the regulatory framework and position themselves positively.
It’s essential to seek guidance from specialized advisors familiar with the UAE’s legal landscape. These advisors can provide valuable insights, navigate intricate regulatory processes, and ensure compliance with local laws and regulations.

How Unicorn Global Solutions can Help
Unicorn Global Solutions offers comprehensive assistance for companies looking to establish their presence in Abu Dhabi. With our extensive expertise and local knowledge, we streamline the process of company setup, ensuring a smooth and efficient experience for our clients. Our team of experts guides businesses through every step, from initial consultation to legal documentation and regulatory compliance. We provide tailored solutions that address the specific needs and objectives of each client, offering guidance on corporate structuring, licensing requirements, and strategic planning.
By leveraging our network of contacts and resources in Abu Dhabi, we facilitate seamless establishment and growth for companies across various industries. With Unicorn Global Solutions, clients can navigate the complexities of setting up a business in Abu Dhabi with confidence and ease. Text us on WhatsApp or call us today.