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Legal
October 14, 2024
Dubai Authorities Apprehend Illegal Gambling Kingpin
In a significant crackdown on illegal gambling operations, Dubai authorities have arrested Saurabh Chandrakar, the notorious mastermind behind the Mahadev Online Book. Chandrakar was on the radar of law enforcement agencies across India and abroad and finally got apprehended by UAE officials on charges of money laundering. The arrest marks the culmination of a multinational […]
Casino
February 20, 2024
MGM Resorts Gives Up on Dubai Casino Plans, at Least for Now
Casino and hospitality giant MGM Resorts is giving up on its plans for a Dubai casino, at least for now. Despite that, the company is bullish on seeing its resort megaproject through, with or without a casino. For reference, MGM’s plan for The Island is to construct a three-hotel complex, combining an Aria, an MGM […]
Casino
November 30, 2023
China’s CSCEC Secures $1.2B Contract for The Island Project in Dubai
China State Construction Engineering Corporation (CSCEC), based in Beijing, has clinched a significant contract worth AED4.4 billion ($1.2 billion) to construct The Island project, marking the largest deal since 2017. The Island Project Welcomes MGM, Bellagio, and Aria to Its Horizon The Island project, situated on a 10.5-hectare island off the coast of Umm Suqeim, […]
Casino
November 3, 2023
Dubai Delays Casino Resort Approvals in Potential Setback for MGM
Dubai, the most ostentatious of the seven emirates in the United Arab Emirates (UAE), has postponed the approval of casino resorts, potentially dealing a temporary blow to MGM Resorts International’s regional ambitions. In collaboration with Wasl Hospitality and Leisure, MGM opened a branded hotel in Dubai in 2021 and has been closely monitoring the possibility […]
Blockchain
August 18, 2023
Fastex Secures VARA Approval in Dubai
SoftConstruct’s Web3-driven ecosystem Fastex is breaking ground in the Middle East. The company announced that it is about to make a foray into the United Arab Emirates after securing initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA). The cryptocurrency exchange will thus expand in the Middle East, which remains a largely untapped […]
Casino
May 2, 2023
UAE Might Greenlight Gaming in 2023, MGM Resorts Hopes
MGM Resorts International, a global gaming and hospitality giant, is currently eyeing the situation in the United Arab Emirates, where Wynn Resorts is building a multibillion-dollar property. The country previously claimed that it will not legalize gambling in spite of the aforementioned property but MGM Resorts thinks otherwise. The company is hopeful that either Dubai […]
Industry
May 12, 2022
Dubai Officials State That the Emirate Won’t Legalize Gambling
Dubai officials have stated that the city does not plan on legalizing gambling even though one of the neighboring emirates stated in January that it plans on welcoming Wynn Resorts. The Las Vegas-based operator is planning on entering the market in 2026 and gambling activities could be regulated for the first time. Dubai Would Be […]
