As part of New Jersey's economic mission to the Gulf Arab states, the New Jersey Division of Gaming Enforcement (DGE) has signed a Memorandum of Understanding (MOU) with the United Arab Emirates Commercial Gaming Regulatory Authority (GCGRA).
The agreement, driven by the "Choose New Jersey" organization, establishes a framework for regulatory cooperation between the two institutions, focusing on cybersecurity, responsible gaming, and technological developments in the commercial gaming sector.
Under the leadership of Governor Murphy, the gaming revenue in New Jersey has seen growth. Since 2018, the total gaming revenue in the state has more than doubled.
The MOU establishes a working relationship between the two regulatory bodies, with cooperation areas including consumer protection, online gaming safety, and the exchange of best regulatory practices.
GCGRA CEO Kevin P. Mullally stated: "Commercial gaming is an important pillar of the UAE's diversified economic growth strategy, playing a significant role in driving tourism and attracting foreign investment.
"This is a unique opportunity to combine innovative technology with modern collaborative regulation to unlock tremendous economic potential while ensuring the highest standards of consumer protection."
Wesley Mathews, President and CEO of Choose New Jersey, added: "New Jersey and the UAE are global players in the gaming industry, offering unique experiences to consumers while increasing economic opportunities in this rapidly growing sector.
"This MOU will promote the development of New Jersey's gaming infrastructure and technological ecosystem, ensuring the state's international competitiveness in this key area."
The agreement comes as industry experts like Bishop Woosley, Andrew Sackey, and Pedro Cortés explore whether the UAE has the potential to compete with Macau as a leader in the Asian gaming market.
