UAE

UAE Lottery Receives First Licence, Signaling Growth in Gaming Sector

This means that authorisation and legal licensing for the UAE’s first lottery has been granted thus boosting the growth of the contest category in the region’s gaming sector. Administered by The Game LLC using the UAE Lottery brand name, this new business is expected to provides a number of games that reflect people’s interests and abilities to pay.

The United Arab Emirates new General Commercial Gaming Regulatory Authority (GCGRA) that was formed in September issued the licence on Sunday. This is considered as creitical in establishing a properly regulated on-line commcerical gaming industry in the UAE.

The following argument is supported by Jim Murren, the chairman of the GCGRA: The UAE Lottery has finally begun to signify the disciplined regulation to signify the authority’s commitment to a secure and enriched gaming environment. Kevin Mullally, CEO, GCGRA also explained that the regulatory program aimed at the protection and safeguard of all lottery services and facilities, as well as all forms of commercial gaming.

Based on the concept, the GCGRA seeks to emulate the best practices in consumer protection and regulation all over the world and provide resources that will enable consumers keep track of their gaming activities. Furthermore, aware of the competition, the authority is attempting to invest in new technologies for developing games that are secure and entertaining, thus boosting consumer-oriented innovation.

This move comes after the UAE Lottery halted its prize draw in the early part of this year and as the GCGRA works on putting up a solid and orderly legal framework. Based on the findings of the GCGRA, it is evident that participating in unlawful monetary gaming activities is unlawful and attracts stern action.

The newly developed website of the GCGRA adds that it is the only organisation legally authorised to regulate, license and oversee commercial gaming in UAE. These are lottery, internet gaming, sports betting, and land based integrated resort or casino facilities. Based on definition provided by the GCGRA, the meaning of ‘commercial gaming’ can be stated as any game of chance, or mix of chance and skill in which money is accepted for the purpose of betting in order to win something.

UAE lottery shall serve as the model of how other games of chance shall be conducted and regulated in the region while offering safe ground to all the players.

Web Desk

Recent Posts

2025 Is Seen as an Amazing Transformative Year for Go Greek Yogurt

Go Greek Yogurt is set for an important year in 2025, led by co-founder Tanja…

1 second ago

‘Game Changer’: A Mixed Bag of Highs and Lows, Dividing Audience Opinions

The long awaited political drama right from Shankar and featuring power star Ram Charan in…

41 minutes ago

California Wildfires Devastate Celebrity Homes in Los Angeles

The current California fires have burned about 1000 structures, killed over 5 people and displaced…

1 hour ago

Dubai Unveils DXV: The City’s First Flying Taxi Station

In sight of this aim, Dubai plans to take flights with the announced DXV or…

6 hours ago

UAE Government Advocates for Remote Working Policies in New Report

The UAE government covers attractive aspects of telecommuting in a recent release and push all…

1 day ago

Sheikh Hamdan Visits Zayed Military City in Abu Dhabi to Review Armed Forces’ Readiness

Today His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai…

1 day ago