New Jersey and UAE regulators establish partnership for regulatory collaboration
The New Jersey Division of Gaming Enforcement has signed a Memorandum of Understanding with the UAE’s General Commercial Gaming Regulatory Authority.
The partnership will focus on cybersecurity, consumer protection, and other areas of regulatory collaboration.
The agreement will enable the relatively new UAE gambling regulatory framework to draw from New Jersey’s Division of Gaming Enforcement’s experience, having launched its online casino in 2013.
Governor of New Jersey Phil Murphy said, “New Jersey’s role as a national leader and international destination for gaming is strengthened by global partnerships that drive innovation in an industry where consumers seek exciting experiences. The collaboration between the DGE and GCGRA will strengthen our international economy while prioritizing responsible gaming.”
Under Governor Murphy’s leadership, New Jersey’s online gaming sector has seen phenomenal growth. Overall gaming revenue has more than doubled, solidifying the state as a national leader in this new industry.
Interim Director of the New Jersey Division of Gaming Enforcement Mary Jo Flaherty, emphasized the significance of the partnership saying, “As one of the longest-standing gaming authorities in the United States and throughout the world, DGE looks forward to its cooperative relationship with GCGRA as it continues to proceed with its gaming regulation implementation.”
The UAE introduced its initial legal gaming framework in August last year. While several licensed have been issued for land-based casinos, no igaming or online sports betting licenses have been issued to date. The UAE’s General Commercial Gaming Regulatory Authority, established by Federal Law through a Decree and based in Abu Dhabi, controls all commercial gaming activities in the UAE.
UAE General Commercial Gaming Regulatory Authority Chief Executive Kevin P. Mullally said, “This agreement represents a unique opportunity to align innovative technology with modern, collaborative regulation to unlock substantial economic potential while ensuring the highest standards of consumer protection.”
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