MGM Resorts’ CEO, Bill Hornbuckle, confirmed at the Skift Global Forum 2024 that the giant has officially applied for a gaming license in Abu Dhabi. This marks a significant step in the expansion of MGM’s global footprint, especially in a region where such operations have traditionally been restricted.
Hornbuckle noted, “Yes, we have [applied]. We’ve done it in Abu Dhabi,” and further elaborated that the federal government in Abu Dhabi will be the authority to approve such licenses. He expressed optimism about MGM’s chances, stating, “I hope and believe this year we’ll understand more about Abu Dhabi and the federal mandate and go from there.”
The Implications of MGM’s Expansion
MGM’s pursuit of a gaming license in Abu Dhabi is part of a broader shift in the UAE’s approach to its entertainment and tourism sectors. As the region diversifies its economy beyond oil, tourism and hospitality are key pillars of growth. Securing a gaming license would not only bolster MGM’s presence but also elevate Abu Dhabi’s appeal as a global entertainment hub.
Why Abu Dhabi?
Hornbuckle has consistently emphasized Abu Dhabi as MGM’s top choice for expansion. In the FY 2023 earnings call earlier this year, he reaffirmed the city’s strategic importance due to its robust infrastructure, growing tourism industry, and favorable business climate. The application is seen as a natural progression of MGM’s strategy to tap into new, high-growth markets.
Looking Ahead
With Abu Dhabi increasingly positioning itself as a tourism and entertainment leader in the Gulf, MGM’s potential entry into the market could be a game-changer. The success of this application would likely pave the way for other international casino operators to explore opportunities in the UAE, further cementing the region’s status as a global player in the entertainment sector.
Hornbuckle’s comments signal a new era for both MGM and Abu Dhabi. If approved, the operator could play a pivotal role in shaping the future of gaming and entertainment in the UAE.
