The UAE is embracing a transformative shift in gambling regulation, transitioning from strict prohibition under Islamic law to a controlled and regulated industry. The 2023 establishment of the General Commercial Gaming Regulatory Authority (GCGRA) marked a key milestone, introducing a licensing framework aimed at economic growth and transparency.
Ivan Kurochkin, Partner and Head of Consulting at 4H Agency, dives into what this means for the industry.
Key Insights
Licensing Framework
The GCGRA licenses various activities, including:
Gaming Facility Operator License: For casinos and slot machines.
Internet Gaming Operator License: For online gambling in Dubai and the UAE.
Sports Wagering Operator License: For sports betting.
Lottery Licenses: Exclusively granted to The Game LLC for the UAE Lottery.
Licenses ensure reputable, financially stable operators and personnel enter the UAE market.
Licensing Process
Applicants undergo a multi-step process involving initial screening, in-principle approval, and final application review. Compliance with the "bad actor clause" ensures international credibility. Licenses, such as Wynn Resorts’ 15-year term, reflect long-term stability.
Taxation and Fees
Tax rates include 25% for general gambling and 8% for premium services. Specific licensing fees and terms are evolving as the market develops.
Advertising and Technical Standards
Operators must meet strict technical standards like GLI certifications and follow responsible advertising rules to protect minors and vulnerable groups.
Market Dynamics
High entry thresholds favor established operators. Major players like Wynn Resorts and Aristocrat highlight the market’s exclusivity. The UAE is set to lead regional gambling regulation.
Explore the UAE’s new gambling regulations and licensing requirements in our full article here.
Navigating the UAE gambling market? Our team ensures compliance, licensing, and strategic success. Contact us today via Email or Telegram!