Dubai Puts On Hold Plans To License Casino Operators, While Ras Al Khaimah And Abu Dhabi Push Forward

Following the formation of the framework responsible for legalized gambling by the United Arab Emirates (UAE) two months ago, aka during September, it appeared that Dubai would move quickly in terms of starting the process of licensing operators and officially debuting casinos. But that didn’t happen as it apparently set aside those plans, prompting the emirates of Ras Al Khaimah

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MGM Resorts International’s CEO Reveals Plans for Dubai Casino at Global Gaming Expo

MGM Resorts International is looking forward to building the new casino in Dubai. According to the company’s chief executive officer, Bill Hornbuckle, MGM set aside a huge space of 150.000 square feet of the property they already own in Dubai to be used as a casino. Huge plans for emirates: Hornbuckle was speaking at the recently held Global Gaming Expo,

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Solana Foundation Forms Strategic Alliance with DMCC Crypto Centre in Dubai

On October 15, 2023, the Solana Foundation announced a significant partnership with the Dubai Multi Commodities Centre (DMCC) Crypto Centre, aiming to bolster the Web3 sector in Dubai—a recognized global hub for cryptocurrency and blockchain innovations. This alliance is expected to foster a conducive environment for member companies and developers at the DMCC Crypto Centre, enabling them to expand their

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VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai

Virtual Asset Regulatory Authority (VARA), the body in charge of supervising cryptocurrency regulations inside Dubai, has announced new rules for virtual asset service providers (VASPs) operating within the emirate. VASPs refers to companies that offer services related to virtual assets. According to Irina Heaver, a crypto and blockchain lawyer based in the United Arab Emirates, VARA has issued its “Full

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