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UAE Looks Set to Legalize Gambling


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A lot of things can get you in trouble in the United Arab Emirates, but gambling will no longer be one of them.

The Persian Gulf nation, which has historically banned gambling under its conservative religious laws, established a new governmental body for regulating the industry late Sunday. The move suggests the country is laying the groundwork for a change in its laws -- not to mention a juicy new revenue stream.

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Source Fool.com


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