UAE Moving Quickly on Legal Gambling Plans
Expertise: Global Gaming, Asia Gaming, US Gaming, Sports Gambling
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The governments of the United Arab Emirates (UAE) are apparently anxious to get started with its legal gambling industry. Only shortly after creating a unified gaming regulator, it could have some regulations in place before the end of this year.
UAE Gaming Regs On Their Way
JP Morgan Securities LLC analysts foresee the possible implementation of gambling regulations in the UAE before this December. In a recent note, analysts Joseph Greff, Ryan Lambert and Samuel Nielsen expressed their strong approval for the establishment of the General Commercial Gaming Regulatory Authority (GCGRA).
The analysts highlighted the significance of this step in the industry, emphasizing the considerable expertise of the GCGRA leadership. Most of the executive ranks of the regulatory body are former executives with various US gaming authorities and regulatory agencies.
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