The United Arab Emirates attract the attention of many investors due to the high incomes of residents and the huge annual flow of tourists. Representatives of many industries wish to open online casinos in the UAE. The gambling business is no exception here.
Beginners and experienced entrepreneurs are often interested in the casino laws in the Arab Emirates. 2WinPower experts propose you to consider this theme in more detail.
The UAE, in particular, Dubai is considered an excellent direction for the development of the gambling business due to the following peculiarities:
Undoubtedly, Dubai is an incredibly promising and profitable region. At the same time, some peculiarities impede the development of the casino business in the UAE.
What are the UAE gambling laws? It is widely known that the UAE is a Muslim state. The laws of this religion are quite strict. According to the rules of Sharia, the followers of Islam should insulate themselves from the games of chance.
The government follows these religious principles. Land-based gambling in Dubai is prohibited. Despite the incredible attractiveness for tourists, there are no casinos, bet-shops and slot machine halls.
In spite of the strict betting laws in the United Arab Emirates, some entertainments still take place here. For example, sometimes the authorities give permission to hold lotteries and totalizators during horse races or drag racing competitions. It should be noted that obtaining such a permit is a very difficult process. Only very influential businesspersons have a chance to get it.
That is why, tourists and residents willing to try their luck, began to look for a worthy replacement for the land-based casino business in the UAE. Online gambling has become the only alternative for many citizens. Nonetheless, do online gambling laws in the UAE allow operators to provide virtual gaming services?
Many entrepreneurs often ask “What are the online gambling laws in Dubai?” Unfortunately, the answer to this question is unlikely to please many businessmen. The local legislation strictly regulates the online environment too.
Moreover, the organisation and participation in the online gambling business are punishable by law. Some entrepreneurs from the underground sector have already received real prison sentences.
However, real gambling enthusiasts continue to play their favourite games using international online resources. The fact is that the authorities pay more attention to projects created within the country. At the same time, foreign websites work here almost without hindrance. It follows that the registration of companies in offshore jurisdictions is the only way to open online casinos in the UAE.
The modern UAE gambling market is characterised by the following advantages and disadvantages:
High solvency of the audience
Ban on gambling activities
A large flow of tourists
The absence of casinos in hotels
Organization of sports events within the country
Sweepstakes and lottery draws are held quite rarely
The rapid process of globalisation and the development of advanced technologies
Strict religious traditions
Some entrepreneurs do not consider Dubai as a potentially profitable market due to some restrictions and prohibitions. Nevertheless, many experts point out some positive trends that may allow gambling business in Dubai to develop in the future. Familiarize yourself with some of them.
Even though the UAE is an Islamic state, it is open to tourists and investors. This openness promotes rapid cultural globalisation. Many attributes of daily life in Dubai testify to this process.
Up-to-date architectural objects, malls, cafes, restaurants are part of modern Western culture. Perhaps further cultural internalization will lead to some improvements in gambling laws in the UAE
The news of the Caesars Palace opening has amazed many gambling enthusiasts. However, representatives of Caesars Entertainment Corporation stated that they did not intend to conduct a gambling business in Dubai because such activities are contrary to local laws.
Some experts believe that this influential brand can affect the fate of the UAE betting business. Refusing gambling activities by the company means losing the chance to earn large amounts. That is why the representatives of the gambling business in Dubai expect the government to review some restrictions
Centuries ago, Islam, Christianity, Judaism, and many other religions were characterised by rather strict rules and prohibitions.
Nevertheless, the world is constantly changing and the laws of Islam are gradually adapting to modern realities. Gambling is considered a sin today, but tomorrow it can be perceived as a rather harmless entertainment
Malaysia, Tunisia and Egypt are Muslim states too. These countries have managed to combine tourism and gambling business to get the maximum benefit.
Given the sharp drop in oil prices and the gradual transition to environmentally friendly fuels, the Dubai authorities are seriously thinking about finding new sources of the budget replenishment.
Tourism is a strategic direction. It must be admitted that the development of the UAE betting business will be able to bring much greater revenues to the local treasury
Given the current pace of the country’s evolving, it can be concluded that the UAE will continue its path of globalisation and transformation into a highly modern, rich state. Undoubtedly, gambling laws in the UAE will change in the future. No one knows how long it will take to accept some innovations. However, the progress on this issue can move much faster than many people may think.
Unfortunately, gambling laws in the UAE are very strict. They are characterised by the following features:
Nevertheless, there are some potential prospects for the evolution of the gambling industry:
The UAE continues to turn into the most modern and attractive state for tourists. Legalising gambling activities is only a matter of time. Operators, wishing to work in this region, should pay attention to the possibility of launching projects registered in offshore zones. They can also try their hand at other states in the Middle East (with more loyal gambling laws).
If you want to learn more about the gambling industry of the UAE and other countries. Please contact our manager. We will be happy to answer all your questions.