Right to the Source is back and it’s bouncing around the world, as Ed Birkin sizes up the UAE online gambling market, Robin Harrison talks up Allwyn taking full control of OPAP, and prediction markets bring up memories of Wayne Shaw.
First up, in the wake of Kevin Mullally stepping down as CEO of the General Commercial Gaming Regulatory Authority (GCGRA), is online gambling in the UAE. Wynn Resorts is projecting revenue of around $3 billion to $5 billion, but how much could interactive gaming contribute?
Ed Birkin has some thoughts, with H2 Gambling Capital estimating the online offshore market share at around $185 million to $225 million currently. Assuming at least one licence per emirate, and the sports/iGaming mix, he’s expecting a bigger contribution from online onshore.
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