Momentum, which operates the UAE’s only licensed lottery, has launched two online gambling platforms, TrueWin and Dream Island.
According to Arabian Gulf Business Insight, both sites are already live, providing full casino and sportsbook services despite the absence of any publicized law formally legalizing online gambling in the Emirates. TrueWin and Dream Island offer live dealer tables, poker, roulette, slots, and betting on football, tennis, cricket, basketball, and other sports.
Analysts from Bloomberg Intelligence predict that gaming revenue could eventually reach the equivalent of 1.3% of GDP, approximately US$6.6 billion, surpassing that of established markets such as Singapore.
A major Wynn Resorts casino is already under construction in Ras Al Khaimah, signaling the government’s long-term ambitions.
