One of the seven sheikhdoms in the United Arab Emirates said Tuesday it will allow “gaming” while announcing a multibillion-dollar deal with casino giant Wynn Resorts.
The announcement by Ras al-Khaimah comes after months of rumors about gambling coming to the UAE, home to skyscraper-studded Dubai and oil-rich Abu Dhabi. Islam, the religion of the Arabian Peninsula, prohibits gambling.
While the other emirates haven't announced similar deals, casino operator Caesars Palace operates a massive resort already in Dubai — without gambling.
Initially, a statement issued by Wynn Resorts and Ras al-Khaimah authorities only referred to “gaming,” without elaborating. The emirate's Tourism Development Authority repeatedly declined to answer questions from The Associated Press on whether “gaming” involved cash betting.
However, a statement from the authority said a new gaming division would require “compliance with all applicable laws and regulations (including financial crime laws) from operators, suppliers and employees.” It also would “ensure responsible gaming at all levels.”
Gaming is often used as a euphemism for gambling in the United States.
Michael Weaver, a spokesman for Las Vegas-based Wynn Resorts, referred questions back to regulators in Ras al-Khaimah. Wynn stock traded at $84.80 at the close of business Monday on the NASDAQ stock exchange.
A statement on the deal, also posted to Wynn Resorts' website, included repeated mentions of “gaming” facilities at the site.
“The newly announced integrated resort is still in its early design phase and due for completion by 2026,” a follow-up statement from Marjan, the Ras al-Khaimah developer involved in the deal, said. “These are all the details that can be provided at this stage.”
Ras al-Khaimah is the northern-most emirate in the UAE and has been trying to raise its profile for years in the tourism market, which is dominated by Dubai. It draws a variety of tourists from India, Russia, the United Kingdom and Egypt.
Gambling long has been rumored to be considered as a way to raise money in the UAE and boost its tourism industry, particularly in Dubai, home to the long-haul carrier Emirates.
A 2004 U.S. diplomatic cable released by WikiLeaks speculated that Dubai's casino plans had “been put on ice due to deference” to the late Sheikh Zayed bin Sultan Al Nahyan, the country's first president after unification in 1971.
But in recent years, rumors about casinos kept growing. Britain's famed ship the Queen Elizabeth 2 opened as a hotel in Dubai in 2018 after over $100 million of repairs. It still has its deactivated slot machines on board. Caesars similarly opened in 2018. Construction work is ongoing involving projects for casino firms MGM, the Bellagio and Aria.