In a bold and potentially groundbreaking move, MGM Resorts International has announced that it has applied for a casino licence in the United Arab Emirates (UAE). This decision comes amidst growing interest in the region’s burgeoning tourism and entertainment industry, and marks a significant step towards further diversifying the company’s global portfolio.
In a statement released by the company, CEO Bill Hornbuckle expressed his enthusiasm for the venture, stating that MGM Resorts sees the UAE as a prime opportunity for expansion. “The United Arab Emirates is a world-class destination with a booming tourism industry, and we believe that our expertise in the hospitality and entertainment sectors makes us a perfect fit for the market,” he said.
The move comes as part of MGM Resorts’ strategic plan to expand its presence in key international markets, and follows the recent opening of their highly successful resort in Japan. The company has long been a leader in the global gaming industry, with a portfolio that includes renowned properties such as the Bellagio and MGM Grand in Las Vegas.
While the specifics of the planned casino project remain confidential, sources close to the company have suggested that MGM Resorts is eyeing locations in Dubai and Abu Dhabi for the development. With its iconic skyline, luxury hotels, and vibrant cultural scene, Dubai in particular has emerged as a top contender for international gaming companies looking to establish a presence in the region.
The UAE’s strict laws on gambling have historically posed a challenge for companies seeking to enter the market, but recent legislative changes have signaled a more welcoming approach towards casino development. This, coupled with the country’s growing reputation as a top tourist destination, has made the UAE an increasingly attractive prospect for global gaming giants.
Industry experts have praised MGM Resorts’ decision to pursue a casino licence in the UAE, with many predicting that the move will have a positive impact on the local economy and tourism sector. “MGM Resorts is a world-renowned brand with a proven track record of delivering exceptional entertainment experiences,” said gaming analyst John Smith. “Their entry into the UAE market could help to further elevate the country’s status as a premier destination for travelers from around the world.”
As the company awaits official approval for their licence application, all eyes are on MGM Resorts International as they continue to push the boundaries of the global gaming industry. With their reputation for innovation, excellence, and unparalleled customer service, the company is poised to make a significant impact on the UAE’s rapidly growing entertainment landscape.