-
Kenya's economy faces climate change risks: World Bank
-
Gold, silver prices tumble as investors soothed by Trump Fed pick
-
US Senate votes on funding deal - but shutdown still imminent
-
Trump expects Iran to seek deal to avoid US strikes
-
NASA delays Moon mission over frigid weather
-
Fela Kuti: first African to get Grammys Lifetime Achievement Award
-
Cubans queue for fuel as Trump issues oil ultimatum
-
France rescues over 6,000 UK-bound Channel migrants in 2025
-
Analysts say Kevin Warsh a safe choice for US Fed chair
-
Fela Kuti to be first African to get Grammys Lifetime Achievement Award
-
Gold, silver prices tumble as investors soothed by Trump's Fed pick
-
Social media fuels surge in UK men seeking testosterone jabs
-
Trump nominates former US Fed official as next central bank chief
-
Chad, France eye economic cooperation as they reset strained ties
-
Artist chains up thrashing robot dog to expose AI fears
-
Dutch watchdog launches Roblox probe over 'risks to children'
-
Cuddly Olympics mascot facing life or death struggle in the wild
-
UK schoolgirl game character Amelia co-opted by far-right
-
Panama court annuls Hong Kong firm's canal port concession
-
Asian stocks hit by fresh tech fears as gold retreats from peak
-
Apple earnings soar as China iPhone sales surge
-
With Trump administration watching, Canada oil hub faces separatist bid
-
What are the key challenges awaiting the new US Fed chair?
-
Moscow records heaviest snowfall in over 200 years
-
Polar bears bulk up despite melting Norwegian Arctic: study
-
Waymo gears up to launch robotaxis in London this year
-
French IT group Capgemini under fire over ICE links
-
Czechs wind up black coal mining in green energy switch
-
EU eyes migration clampdown with push on deportations, visas
-
Northern Mozambique: massive gas potential in an insurgency zone
-
Gold demand hits record high on Trump policy doubts: industry
-
UK drugs giant AstraZeneca announces $15 bn investment in China
-
Ghana moves to rewrite mining laws for bigger share of gold revenues
-
Russia's sanctioned oil firm Lukoil to sell foreign assets to Carlyle
-
Gold soars towards $5,600 as Trump rattles sabre over Iran
-
Deutsche Bank logs record profits, as new probe casts shadow
-
Vietnam and EU upgrade ties as EU chief visits Hanoi
-
Hongkongers snap up silver as gold becomes 'too expensive'
-
Gold soars past $5,500 as Trump sabre rattles over Iran
-
Samsung logs best-ever profit on AI chip demand
-
China's ambassador warns Australia on buyback of key port
-
As US tensions churn, new generation of protest singers meet the moment
-
Venezuelans eye economic revival with hoped-for oil resurgence
-
Samsung Electronics posts record profit on AI demand
-
Formerra to Supply Foster Medical Compounds in Europe
-
French Senate adopts bill to return colonial-era art
-
Tesla profits tumble on lower EV sales, AI spending surge
-
Meta shares jump on strong earnings report
-
Anti-immigration protesters force climbdown in Sundance documentary
-
Springsteen releases fiery ode to Minneapolis shooting victims
Casino operator to develop 'gaming' resort in UAE
A US-based casino operator on Tuesday announced plans to develop a multi-billion-dollar resort off the coast of the United Arab Emirates, a Muslim state in the Gulf where gambling is prohibited.
Wynn Resorts, along with UAE property developer Marjan, said in a statement that an "integrated resort", including "gaming facilities", will be set up on Al-Marjan island in the emirate of Ras al-Khaimah.
Ras al-Khaimah is one of the seven members of the UAE, which includes the city state of Dubai.
Tuesday's announcement comes as the Ras al-Khaimah tourism development authority (RAKTDA) said it formed a new division focused on the regulation of integrated resorts.
"These include hotel operations, convention space, entertainment, restaurants and lounges, spa, retail and gaming facilities," it said in a statement.
"The foremost priority of this new division is to create a robust framework that will ensure responsible gaming at all levels."
However, it did not clarify whether "gaming" refers to gambling, and both RAKTDA and Marjan did not respond to requests for comment.
The planned resort in Ras al-Khaimah will include more than 1,000 hotel rooms, meeting and convention facilities, restaurants, a spa, and a gaming area.
It is scheduled to be completed in 2026.
UAE authorities have for years denied reports that the country which neighbours Saudi Arabia, the birthplace of Islam, is to lift an Arabian Gulf-wide ban on gambling.
In 2020, the UAE revamped an array of laws in a social liberalisation drive designed to burnish its brand.
These included lifting a ban on unmarried couples living together, loosening restrictions on alcohol, and offering long-term residencies.
The country has this year moved to a Western-style Saturday-Sunday weekend, in what experts said was an attempt to maintain its edge over regional competitors, particularly Saudi Arabia.
The Emirates became the only Gulf country not to observe weekends on a Friday, the Muslim day of prayer, and Saturday.
Foreigners in the UAE make up 90 percent of its 10-million population.
C.Peyronnet--CPN