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. Years-long speculation that the UAE would allow gambling – illegal across the conservative Gulf region – was put to rest when it was announced that Ras Al Khaimah, one of the UAE's seven emirates, was set to open a roughly $3.9 billion Wynn Resort featuring a casino. 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.
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