Friday, June 24, 2022

RAKTDA forms new division to regulate integrated resorts

Ras Al Khaimah Tourism Development Authority (RAKTDA) has formed a new division to regulate integrated resorts including hotel operations, convention space, entertainment, restaurants and lounges, spa, retail and gaming facilities.

Following global best practices in the regulation of gaming that operate as part of integrated resorts across various jurisdictions worldwide, the Department of Entertainment and Gaming Regulation within RAKTDA will consider the social, cultural, and environmental landscape of the Emirate and cover licensing, taxation, operational procedures, and consumer safeguards.

The foremost priority of this new division is to create a robust framework that will ensure responsible gaming at all levels.

The regulatory structure will address the entire gaming enterprise within integrated resorts, requiring compliance with all applicable laws and regulations (including financial crime laws) from operators, suppliers and employees.

Additionally, the regulations will cover marketing, advertising, and financial transactions, ensuring that these areas comply with the Department of Entertainment and Gaming Regulation.

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