More players, products set to redefine UAE's gaming industry
In five years, the UAE could rival Singapore and Macau as a premium gaming destination, predict gaming industry experts. Its strategic location between Europe, Asia, and Africa positions it uniquely, they said.
In a landmark move, the UAE established the General Commercial Gaming Regulatory Authority (GCGRA) in 2023 to oversee the burgeoning gaming sector. The GCGRA has since licensed six major operators, including Wynn Resorts, Aristocrat and Smartplay.
With the GCGRA continuing to license gaming vendors, the UAE is expected to introduce new gaming products, including lotteries, prize draws, and integrated gaming systems for both online and land-based casinos, according to the latest UAE 2025 report from Dubai Casinos. 'Although Internet and Sports Wagering licences have yet to be approved, industry experts predict that 2025 could bring regulatory changes, with potential breaking news on online gaming licences. Meanwhile, the focus remains on physical casinos and lottery expansions, shaping the UAE's evolving gambling landscape,' Dubai Casinos said. Esports and virtual reality gaming are also on the radar, capitalising on the nation's youth demographic.
Wynn Al Marjan is developing a $3.9 billion integrated resort in Ras Al Khaimah, which is slated to open in 2027. These licences signal the UAE's commitment to creating a structured, world-class gaming environment. According to CBRE Institutional Research, Wynn could generate gross gaming revenues of $1.38 billion annually, with net revenues reaching $1.8 billion.
The first lottery licence was awarded to The Game LLC in July 2024. According to Jim Murren, chairman of the GCGRA, the launch of the UAE Lottery was 'a pivotal event that not only marks the establishment of a disciplined world-class regulatory framework for lottery activities but also underscores our commitment to nurturing a secure and enriched commercial gaming environment in the UAE.'
The UAE's regulatory approach is meticulous, ensuring compliance with both international standards and local cultural values, says John Connelly, a former gaming executive and advisor to GCC markets. 'By partnering with established players like Wynn, the country gains credibility and expertise to avoid pitfalls seen in other regions.'
Wynn Resorts CEO Craig Billings echoed general industry optimism: 'Ras Al Khaimah's project is just the beginning. The UAE's vision and execution capabilities will set a new benchmark for integrated resorts globally.'
'Gaming will be a catalyst for job creation and ancillary sectors like hospitality and retail,' says a Dubai-based financial analyst at KPMG.
Beyond casinos, and state-administered lotteries and prize draws, industry experts expect that integrated gaming systems will merge digital platforms with physical venues, offering seamless experiences. For instance, patrons could use mobile apps to book casino tables or participate in hybrid esports tournaments.
Analysts project the UAE's gaming market could generate up to $6.6 billion annually by 2030, with casinos driving tourism growth. The Wynn Al Marjan Island resort alone is anticipated to draw 5 million visitors yearly.
CBRE Institutional Research estimates the total addressable market for GGR in the UAE at $8.5 billion, while a base case in which three IRs are developed – potentially one each in Abu Dhabi, Dubai, and Ras Al Khaimah – is pegged at $6 billion annually.
According to Morgan Stanley, the UAE's potential to rival or even exceed Singapore in the integrated resort (IR) market is very real, especially with major projects like the Wynn Resorts development in Ras Al Khaimah.
Analysts at Morgan Stanley said the UAE is growing rapidly in terms of ultra-high-net-worth individuals. 'While it may have fewer millionaires than some of its competitors, the rate of growth in the wealthiest segments of the population outpaces Singapore. This is crucial for the casino market, which thrives on customers who are willing to spend large sums of money on gaming and entertainment.'
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