According to the Quran, Muslims are not permitted to gamble. Even in countries where Islam is the predominant religion, there are casinos that specifically target players from Muslim-majority countries to attract their business. These gambling establishments can be located all around the globe.
The posh casinos of London were popular with Arab gamblers wealthy with petrodollars from the oil boom that lasted from the 1960s through the 1970s. Every night, hundreds of thousands of pounds sterling were exchanged between the two parties. Even today, some of the most prominent Arab players may be found in London’s casinos, rubbing shoulders with Asians and people of other ethnicities.
To the contrary of common assumption, the Middle East and North Africa (MENA) region continue to attract wealthy individuals from around the world who seek gambling possibilities both inside the region and in other parts of the world, including the United States and the Far East. Several Middle Eastern sovereign wealth funds and other large corporations, particularly in the hotel and leisure industries, have made considerable investments and developments in the region, positioning the region to become a major gaming and integrated resort destination in the near future.
The importance of remembering the industry’s historical successes and failures, as well as the delicate balance that must be maintained between casino gambling and the culture of any country with a Muslim majority, must be considered in any decision about the market.
Despite the fact that Muslims are prohibited from gambling under Sharia law, gamers from the Middle East account for a significant share of gaming dollars spent around the world. Because the vast majority of these revenues are being distributed to casinos outside the region, maintaining them within the region will be a significant challenge.
Many of the people that visit these casinos do so as part of a casino junket program. To take advantage of these programs, casinos are required to secure discounted or free hotel accommodations and meals for the players, in addition to a percentage of their winnings as free play or a direct bet. In some cases, the operator and the junket operator will split a portion of the group’s winnings. When it comes to partnering with junkets, operators must be extremely selective because the players entering Middle Eastern casinos via junkets are not typically of great value. Most of the time, a junket player would only lose $800 on average, with the casino providing them with an additional $400 in promotional funds to make up the difference.
The operators of these casinos may take on a lot of risk because of promotional allowances and possible changes to the game’s regulations, but they can also make a lot of money. Successful casinos can produce up to $4,000 per day per table. While slot machines aren’t as well-known, they’re becoming more popular and drawing in more gamers.
Even though many Muslim-majority countries only provide casino gambling to foreigners or non-Muslim guests, the viability of these establishments is frequently hampered by high tax rates and unrealistic regulatory limitations. Keeping in mind the rich culture and norms of Muslim-majority countries, the ideal Middle Eastern gaming market would allow casino operators to achieve sustainable gaming revenues while also paying a moderate tax rate that returns the maximum amount possible to the host country. Due to this, online casino in Malaysia has been published and running for a better wide-spread of consumers. This would be accomplished while ensuring that casinos and integrated resorts are welcomed within local communities, which is an essential aspect of any successful gaming operation.