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Atif Nader
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A native of the UAE with over a decade in the casino industry, Atif Nader stands as a leading voice in iGaming. Graduating from the University of Dubai, he seamlessly merged academic brilliance with his passion for gaming. As a vital contributor to Dubai Casinos, Atif's expert insights guide users throughout their gambling journey, ensuring trustworthiness and strategic play. With Atif on board, you're in expert hands.
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UAE's Casino Leap: Bloomberg's Insight into Dubai's Potential $7 Billion Gaming Industry
UAE’s Casino Leap: Bloomberg’s Insight into Dubai’s Potential $7 Billion Gaming Industry
According to Bloomberg, the United Arab Emirates is inching closer to being the inaugural Gulf nation to authorize casinos, potentially raking in nearly $7 billion in annual revenue.
A federal committee has been established, spearheaded by Jim Murren, a seasoned gaming expert and ex-CEO of MGM Resorts International, which he transformed into Las Vegas Strip’s leading casino owner. With Kevin Mullally, another industry veteran, appointed as CEO, anticipation is surging.
Rumors about Dubai embracing gambling have persisted since the unveiling of the iconic Burj Al Arab hotel about a quarter-century ago. Especially, given that Wynn Resorts, currently developing a lavish $3.9 billion gaming resort nearby, hinted at procuring a license imminently.
Previously, top officials had negated imminent gambling introductions, but insiders hint at ongoing preliminary talks. Bloomberg Intelligence analyst, Angela Hanlee, underscores the immense potential, suggesting that UAE’s gaming revenues might eclipse that of Singapore’s famed Marina Bay Sands resort.
Yet, the potential shift comes with challenges, given that Shariah law, rooted in Islam, presently bans gambling, with stringent penalties for violators. Post-pandemic, Dubai has magnetized a diverse spectrum of global professionals, further solidifying its stature as a prime Gulf tourist and business hotspot.
