{"id":6977,"date":"2024-09-25T13:37:41","date_gmt":"2024-09-25T12:37:41","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=6977"},"modified":"2024-09-25T13:37:46","modified_gmt":"2024-09-25T12:37:46","slug":"mgm-resorts-applies-for-license-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/","title":{"rendered":"MGM Resorts Applies for License in Abu Dhabi"},"content":{"rendered":"\n<p><strong>MGM Resorts<\/strong> has confirmed its formal application for a casino license in <strong>Abu Dhabi<\/strong>, becoming only the second operator to confirm plans to enter the market.<\/p>\n\n\n\n<p>MGM Resorts CEO <strong>Bill Hornbuckle<\/strong> has previously praised regulators in the Middle East and stressed that the market&#8217;s potential is indeed exciting.<\/p>\n\n\n\n<p>He stated: \u201cThe way it will work, the federal government, the Abu Dhabi government, will approve it. We\u2019ve applied for something there and hopefully will win something there.\u201d&nbsp;<\/p>\n\n\n\n<p>Laying out how the framework will work, he added: \u201cThen each ruler will havehas their say. It\u2019s like a state, where each state says yes or no. I hope and believe we\u2019ll hear more from Abu Dhabi later this year about the federal mandate and federal oversight.\u201d<\/p>\n\n\n\n<p>The other key player in the Middle East is <strong>Wynn Resorts,<\/strong> which has already applied for a license and mapped out major ambitions in the region.<\/p>\n\n\n\n<p>In a previous comment, Wynn Resorts CEO, <strong>Craig Billings<\/strong>, described the region as the \u201cmost exciting new market opening in decades\u201d.<\/p>\n\n\n\n<p>He added: \u201cWe believe it highly unlikely that every emirate will ultimately avail themselves of the right to host an integrated resort.<\/p>\n\n\n\n<p>\u201cThere\u2019s a whole bunch of reasons for this, ranging from cultural nuances to population density, to varying degrees of need for the additional visitation. Our view is that it will likely be us and us alone for a multiyear period given that we are well underway on construction now.&nbsp;<\/p>\n\n\n\n<p>\u201cAnd of course, we all know the advantages of being first as we have seen in other markets. After that, it may be a duopoly or an oligopoly of three, but I find either ultimate market structure undaunted given the database advantages of being first and the fact that we very successfully operate in the two most competitive markets in the world, Vegas and Macau.\u201d<\/p>\n\n\n\n<p>The market is still yet to take shape and the framework is yet to be fully formed. However, there are big ambitions for integrated resorts in Abu Dhabi and Dubai. Furthermore, there is also optimism that clarity will be found in the near future as stakeholders and regulators formalize key details around how the region\u2019s casino sector will operate.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts has confirmed its formal application for a casino license in Abu Dhabi, becoming only the second operator to confirm plans to enter the market. MGM Resorts CEO Bill Hornbuckle has previously praised regulators in the Middle East and stressed that the market&#8217;s potential is indeed exciting. He stated: \u201cThe way it will work, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[8,1],"tags":[5465,9448,9378,870,876],"class_list":["post-6977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino","category-news","tag-abu-dhabi","tag-bill-hornbuckle","tag-craig-billings","tag-mgm-resorts","tag-wynn-resorts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MGM Resorts Applies for License in Abu Dhabi - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts Applies for License in Abu Dhabi - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts has confirmed its formal application for a casino license in Abu Dhabi, becoming only the second operator to confirm plans to enter the market. MGM Resorts CEO Bill Hornbuckle has previously praised regulators in the Middle East and stressed that the market&#8217;s potential is indeed exciting. He stated: \u201cThe way it will work, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-25T12:37:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-25T12:37:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/09\/MGM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"nika rostiashvili\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nika rostiashvili\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/\"},\"author\":{\"name\":\"nika rostiashvili\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\"},\"headline\":\"MGM Resorts Applies for License in Abu Dhabi\",\"datePublished\":\"2024-09-25T12:37:41+00:00\",\"dateModified\":\"2024-09-25T12:37:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/\"},\"wordCount\":390,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/09\/MGM.jpg\",\"keywords\":[\"Abu Dhabi\",\"Bill Hornbuckle\",\"Craig Billings\",\"MGM Resorts\",\"Wynn Resorts\"],\"articleSection\":[\"Casino\",\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2024\/09\/25\/mgm-resorts-applies-for-license-in-abu-dhabi\/\",\"name\":\"MGM Resorts Applies for License in Abu Dhabi - 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