Business entity Light & Wonder secures vendor license in United Arab Emirates
Light & Wonder Secures Vendor License in UAE, Expanding Gaming Footprint
In a significant move, gaming supplier Light & Wonder has been granted a vendor license by the General Commercial Gaming Regulatory Authority (GCGRA) of the United Arab Emirates (UAE). This license allows the company to operate and provide gaming content and services within the UAE market.
According to a news release, this approval marks an important milestone for Light & Wonder as they enter one of the most anticipated new regulated markets in the world. Matt Wilson, President and CEO of Light & Wonder, expressed his excitement, stating that this is a significant step for the company.
The license, specific to gaming-related activities, reflects Light & Wonder's ongoing commitment to working collaboratively with regulators to ensure safe, secure, and responsible gaming experiences. The company is dedicated to maintaining such standards in the UAE, as emphasised in the news release.
The GCGRA, the regulatory body responsible for the regulation of commercial gaming in the UAE, oversees all commercial gaming activities within the country. With this license, Light & Wonder is able to provide igaming content to players with licensed operators in the UAE, as well as offer land-based electronic gaming machines and table games/utilities.
Light & Wonder is one of the first approved suppliers in the UAE, a testament to their commitment to bringing their trusted, responsible, and player-first approach to the region. The company is now able to offer its products to licensed operators in the UAE, extending their commercial gaming footprint and contributing to the UAE's growing regulated gaming sector.
Specific details about the suite of games or exact services deployed post-license in the UAE have not been fully disclosed. However, the license enables Light & Wonder to supply land-based and possibly online casino content compliant with local regulations. The company is poised to offer its latest game offerings, such as the "Fortune Doors" family, within the UAE market.
In summary, the license from the UAE regulator allows Light & Wonder to distribute and operate its gaming content such as slot games within the UAE, supporting the emirate's expanding commercial gaming industry under regulatory oversight.
With the new vendor license, Light & Wonder can expand its business operations in the UAE, leveraging technology to provide gaming content and services within the burgeoning market. The company's entry into this anticipated new, regulated market is a strategic move in their global finance and technology strategies.
As a first approved supplier in the region, Light & Wonder is not only expanding its gaming footprint in the UAE but also bolstering its reputation for responsible and player-first approach in the realm of finance and technology.
