STORY CONTINUES BELOW THESE SALTWIRE VIDEOSDUBAI - The United Arab Emirates has set up a federal entity to regulate gaming and hired veterans of the U.S. gambling industry to lead it, state news agency WAM said.
The moves to allow gambling are against a backdrop of intensifying economic competition in the Gulf, especially with Saudi Arabia. The UAE has introduced a raft of liberal legal reforms as it tries to maintain its edge as the region's trade, tourism and financial hub. "With my experienced colleagues, I look forward to establishing a robust regulatory body and framework for the UAE's lottery and gaming industry," WAM quoted Mullally as saying.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: