The UAE Lottery has launched two new games, called Marble Run and Lucky Lagoon, with a top prize of Dh1.25 million.
The games will be regulated by the General Commercial Gaming Regulatory Authority (GCGRA), and are now live on the UAE Lottery website under the E-instants category.
In Marble Run, players select one of five racing balls and choose from six ticket price options (Dh5, Dh10, Dh20, Dh30, Dh40, or Dh50). As the marbles race down a track, they encounter obstacles with multipliers, which can increase or decrease the final prize.
Players win by finishing in first, second, or third place, with rewards up to Dh1 million.
Lucky Lagoon, meanwhile, is an underwater adventure where players select from six ticket prices (Dh5, Dh10, Dh20, Dh30, Dh40, or Dh50) and search for fish hidden in eggs. Players win by uncovering prizes in chests, and the top prize is unlocked by matching all pairs of fish across three areas.
With 23 prize tiers, the top prize is Dh1,250,000.
The two games were launched as The Game LLC, the operator of the UAE Lottery, announced a multiyear partnership with EQL Games.
What is the UAE Lottery?
Launched last year, the UAE Lottery is the only federally licensed lottery regulated by the GCGRA. Every fortnight, it gives residents the chance to win a Dh100 million jackpot, along with other cash prizes ranging from Dh100 to Dh1 million. It also offers scratch cards with prizes of up to Dh1 million.
The authorised lottery was the result of a major government drive to overhaul the UAE's commercial gaming sector. The GCGRA was established in September 2023 to shape a “world-leading regulatory framework for a national lottery and commercial gaming”.
Independent lottery operators were directed to pause their activities in January last year, with the GCGRA awarding a licence for the national lottery in July to Game LLC under the banner of the UAE Lottery.
What is commercial gaming?
According to the GCGRA's website, it is the only entity that can regulate, license and supervise commercial gaming activities and centres within the UAE, which include lottery, internet gaming, sports wagering and land-based integrated gaming centres or resorts.
“Commercial gaming” refers to “any game of chance, or combination of chance and skill, where an amount of money, in cash or cash equivalents, is wagered – placed as a bet – for the purpose of winning a sum of money or other valuable items”.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
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