Jim Murren appointed chairman of UAE gaming regulator
The appointment of Jim Murren as the Chairman of the General Commercial Gaming Regulatory Authority (GCGRA) in the United Arab Emirates (UAE) and the development of the Wynn Al Marjan Island casino resort in Ras Al Khaimah signal a significant shift in the UAE’s approach to gambling and commercial gaming activities.
Murren, who previously served as the Chairman and CEO of MGM Resorts International, brings a wealth of experience in the gaming industry to his role as Chairman of GCGRA. His appointment suggests that the UAE is serious about establishing a regulatory framework for lottery and commercial gaming activities, indicating a willingness to embrace these forms of entertainment.
The General Commercial Gaming Regulatory Authority’s goal is to create a comprehensive regulatory framework for lottery and commercial gaming in the UAE. This framework will likely include guidelines and regulations for casino resorts, gambling establishments, and related activities.
he development of Wynn Al Marjan Island, a casino resort with an estimated value of $3.9 billion, is a clear indication of the UAE’s commitment to entering the gaming and entertainment industry. Wynn Resorts Ltd., a well-known player in the global gaming industry, will oversee the management of this resort, further signaling the UAE’s intent to attract international gaming operators.
The optimism expressed by Wynn Resorts CEO Craig Billings during the second-quarter earnings call suggests that there is confidence in obtaining a gaming license for Ras Al Khaimah. This is a positive development for both the casino industry and the UAE’s efforts to expand its entertainment offerings.
The UAE has been traditionally conservative in its approach to gambling, with strict laws against it. However, recent efforts to allow alcohol consumption and permit cohabitation for couples indicate a broader shift towards a more open and liberal approach to certain aspects of lifestyle and entertainment.