New Jersey and UAE gaming regulators sign Memorandum of Understanding
Agreement to focus on cybersecurity and responsible gaming across both jurisdictions.
Key points:
– Regulators in New Jersey and the UAE have signed a Memorandum of Understanding to collaborate on gaming oversight
– The agreement focuses on improving cybersecurity, consumer protection and regulatory innovation in both land-based and online gaming
As part of New Jersey’s economic mission to the Gulf Arab States, a Memorandum of Understanding (MOU) has been signed between the New Jersey Division of Gaming Enforcement (DGE) and the United Arab Emirates’ General Commercial Gaming Regulatory Authority (GCGRA).
Facilitated by Choose New Jersey, the agreement sets the framework for regulatory cooperation between the two bodies, with a focus on cybersecurity, responsible gaming and technological developments in the commercial gaming sector.
Under Governor Murphy, New Jersey’s gaming sector has recorded revenue growth. Since 2018, total gaming revenue in the state has more than doubled.
Good to know: The MOU establishes a working relationship between two regulatory bodies with areas of cooperation including consumer safeguards, online gaming security and the exchange of regulatory best practices
GCGRA CEO Kevin P. Mullally stated: “Commercial gaming is a key pillar of the UAE’s strategy for diversified economic growth, playing a significant role in driving tourism and attracting foreign investment.
“This moment 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.”
Wesley Mathews, Choose New Jersey President and CEO, added: “New Jersey and the UAE are global players in the gaming industry, offering unique experiences for consumers while increasing economic opportunity in a rapidly growing industry.
“This MOU will advance New Jersey’s gaming infrastructure and technology ecosystem, securing the state’s international competitiveness in this key sector.”
This agreement comes as industry experts, including Bishop Woosley, Andrew Sackey and Pedro Cortés, examine the UAE’s potential to go up against Macau as a dominant player in the gaming market in Asia.
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