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Gulf Press > Gulf > UAE > UAE grants inaugural official lottery license
UAE

UAE grants inaugural official lottery license

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Last updated: 2024/07/28 at 11:08 AM
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The UAE has recently awarded the license to operate the first authorized lottery in the country to Abu Dhabi-based The Game LLC, a commercial gaming operator specialising in game development, lottery operations, and gaming-related content. The firm will operate under the banner of the ‘UAE Lottery’ and offer various lottery games along with other gaming options designed to cater to players’ interests and financial preferences. The Game LLC is a subsidiary of Momentum, an entertainment group with expertise in a variety of gaming-related areas.

Established in September 2023, the General Commercial Gaming Regulatory Authority (GCGRA) is the federal body responsible for regulating commercial gaming in the UAE. The GCGRA aims to protect consumers and the legitimate interests of all stakeholders within the gaming industry. The authority has developed a framework to ensure integrity, fairness, and transparency in commercial gaming activities, including lottery games. Industry veterans such as Jim Murren and Kevin Mullally hold key positions within the GCGRA and are committed to enforcing regulatory compliance.

The GCGRA has warned against engaging, conducting, or facilitating commercial gaming activities in the UAE without its approval, emphasizing that illegal operators will face severe penalties. Consumers are also advised against participating in gaming activities via unlicensed operators, as it is also considered illegal under the regulatory framework. The regulator aims to provide consumers with a comprehensive set of tools to monitor and manage their gaming activity, while leveraging new technologies to promote safe and entertaining games.

The launch of the UAE Lottery marks a significant milestone in establishing a disciplined regulatory framework for lottery activities in the country. Jim Murren, the chairman of GCGRA, highlights the importance of creating a secure and enriched commercial gaming environment in the UAE. Kevin Mullally, the CEO of GCGRA, emphasizes the integrity, fairness, and transparency guaranteed by the regulatory framework for commercial gaming activities, including lottery games. The GCGRA is committed to fostering consumer-focused innovation and leveraging new technologies to ensure the safety and entertainment value of games.

Prior to the establishment of the regulatory body, several gaming and lottery companies were operating in the UAE, with some ceasing operations at the beginning of the year. Under the new regulatory framework, the UAE aims to promote legal and regulated gaming activities while cracking down on illegal operators. The licensing of the first authorized lottery in the country represents a significant step towards establishing a secure and enriched gaming environment that prioritizes consumer protection and regulatory compliance. The GCGRA continues to work towards ensuring the integrity and fairness of commercial gaming activities, including lottery games, in the UAE.

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News Room July 28, 2024
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