MGM dispels rumors of a Dubai casino
An artist’s impression of Jumeirah Beach MGM Resort. (MGM Hospitality)
Ending months of speculation, the head of MGM Resorts International confirmed its $2.5 billion three-hotel project in Dubai will not feature a casino.
William Hornbuckle said that Abu Dhabi may be better positioned for a gaming resort during an earnings call on Tuesday, and that the U.S. hospitality and entertainment company would be interested in doing business there, Zawya reports.
“We spent some time on the ground there, specifically in Abu Dhabi, trying to understand the license in general for UAE,” Hornbuckle said on the call, adding that he believes the gaming development would be on Yas Island, home to the Formula 1 track.
The UAE announced in September a new regulatory authority to oversee the roll-out of commercial gaming activities and a national lottery system.