Ukrainian Regulators Legalizes Online Casinos and Gambling Activities
September 6, 2023 Alex Hoffmann
In a landmark development on Monday, the United Arab Emirates (UAE) has taken a significant stride towards embracing the world of commercial gaming and a national lottery.
The country has established its first-ever federal gambling regulator – the General Commercial Gaming Regulatory Authority (GCGRA).
The monumental move by UAE aims to set the stage for a thriving gaming industry in the nation, as the country introduces the inaugural national lottery and the region’s first casino in the Emirate of Ras Al Khaimah.
On a related note, the GCGRA will be spearheaded by industry veteran Kevin Mullally, who brings a wealth of expertise to his role as the inaugural CEO.
Mullally was previously the vice president of government relations and general counsel at Gaming Laboratories International (GLI), and the executive director of the Missouri Gaming Commission from 2000 to 2006.
He expressed his enthusiasm, stating, “I am delighted to have been appointed as the inaugural CEO of the GCGRA. With my experienced colleagues, I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry.”
Under Mullally’s leadership, the GCGRA is expected to craft a regulatory framework that aligns with international standards and ensures responsible and fair gaming practices within the UAE.
Furthermore, Jim Murren, former chief executive of MGM Resorts and co-founder of Acies Investments, has been appointed as the Chairman of the GCGRA’s board of directors.
Murren, known for his extensive contributions to the gaming industry, expressed his confidence in Kevin Mullally’s appointment and said that he would bring unparalleled category experience in creating a regulatory framework for the UAE.
The UAE’s foray into the gaming industry is marked by the highly anticipated opening of the $3.9 billion Wynn Al Marjan Island integrated resort, slated to welcome visitors in early 2027.
In addition, this grand project is expected to be a game-changer, not only for the UAE’s tourism landscape but also for the nation’s economic diversification efforts.
The establishment of the GCGRA is a pivotal moment in the UAE’s journey towards embracing the world of gaming and lotteries.
As the nation moves forward, it is poised to set new industry standards, ensuring that its gaming and lottery activities remain transparent, secure, and responsible, fostering a safe and enjoyable environment for both residents and visitors.
The UAE’s vision for a thriving gaming industry, coupled with a strong regulatory framework, reflects its commitment to harnessing the economic potential of this burgeoning sector while maintaining the highest standards of integrity and responsible gaming practices.
With Kevin Mullally at the helm, the GCGRA is well-positioned to realize this vision and make history in the world of gaming regulation.
Source:
“Uae Establishes First Gaming Regulator”, gamingintelligence.com, September 5, 2023.
This is a game-changer for the UAE!