Casino Expansion: Dubai Grants Major Contract for 'The Island' to Accommodate MGM, Bellagio Casinos
The United Arab Emirates (UAE) has recently established a federal authority to oversee the regulation of national lotteries and commercial gaming. In this context, Dubai has initiated a significant construction project, 'The Island', to accommodate major casino gaming brands. This development comes after awarding a contract worth approximately 4.4 billion Dirhams ($1.2 billion) to China State Construction Engineering Corporation, selected by Wasl, a local developer. Germany's Buro Kling Architectural Engineering Consultants plays a pivotal role as the main and structural consultant.
'The Island' project, encompassing 10.5 hectares, aims to feature MGM, Bellagio, and Aria hotel brands, known for their international casino operations. This project aligns with the new regulatory framework in the UAE, potentially leading to commercial gaming facilities if future legislation permits gambling. Located near Jumeirah public beach, 'The Island' will offer a mix of 1,400 hotel rooms and apartments, along with retail, dining, and entertainment facilities. BNC Network, a project intelligence firm, has revealed plans for a 110-meter entertainment tower, numerous pools, a business lounge, and both natural and artificial water features.
First announced in 2017, the project envisions a diverse range of amenities, including a large theatre, various dining options, museums, a beach club, and adventure zones, making it the most extensive waterfront development in Dubai.
The UAE's casino industry is expanding, with Wynn Resort planning a new establishment in Ras Al Khaimah's Marjan Island. Following this, the Ras Al Khaimah Tourism and Development Authority (RAKTDA) created a department to regulate 'gaming' within integrated resorts, emphasizing compliance with various laws, including those against financial crime.
Legal consultancy firm Hogan Lovells highlighted that the $4 billion Wynn resort is pioneering what is expected to be several resort developments catering to the sector, enhancing UAE's potential in the commercial gaming industry. The firm's advisory suggests that the UAE could become a significant gaming destination, attracting visitors from Asia and Africa, given its strategic location and established tourism infrastructure.