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Home UAE

UAE grants license for first authorized lottery

WNAM: by WNAM:
July 29, 2024
in UAE
0
UAE grants license for first authorized lottery

A general view shows Abbu Dhabi's skyline across the Gulf waters in the Emirati capital on January 24, 2022. (Photo by Karim SAHIB / AFP)

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WNAM REPORT: A license to operate the first authorized lottery in the UAE has been granted by the country’s gaming regulatory authority.
Abu Dhabi-based The Game LLC is a commercial gaming operator specializing in game development, lottery operations, and gaming-related content.
Operating under the banner “UAE Lottery,” the organization will offer lottery games along with others designed to cater to players’ interests and financial preferences, according to the reports.
The Game LLC, a subsidiary of Momentum, has a portfolio that includes mobile game development and publishing, virtual reality experiences, iGaming, esports management and content platform services.
The General Commercial Gaming Regulatory Authority said a framework was in place to ensure a well-regulated commercial gaming sector based on transparency, accountability, consumer protection and respect the legitimate interests of all stakeholders.
It emphasized it was illegal to engage, conduct or facilitate commercial gaming activities in the UAE without approval and those who violated the law would face severe penalties.

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