Clifford Chance and A&O Shearman are offering legal advice on the development of the United Arab Emirates’ first licensed casino by Wynn Resorts. The $5.1 billion project is set to open in 2027 on Marjan Island, Ras Al Khaimah. This venture is noteworthy given that gambling is traditionally banned in Muslim-majority countries. The UAE’s interest in domestic gaming was bolstered by Dubai World’s successful investment in MGM Resorts in 2007, but has taken nearly two decades to materialize.
The burgeoning interest in gaming in the Middle East is exemplified not only by Wynn’s ambitious project but also by MGM Resorts’ plans to apply for a casino license in Abu Dhabi and construct a third casino resort in Dubai. For further details, you can view the original article here.