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Beam Foundation sets up UAE’s first gaming fund in ADGM
The fund has a total investment size of USD 150 mn
Playgama raises USD 3 mn in a funding round
The company will use the funds to develop its platform and toolkit
THIS MORNING: Amanat Holdings eyes Riyadh IPO for its education unit next year + We have our own lottery
Plus: No word yet on Covestro takeover, which could mean an extension of the acceptance period to 16 December
PayBy becomes first fintech firm to offer services to commercial gaming operators in the UAE
The UAE has been ramping up its push into the gaming sector
Pip World lands USD 10 mn in seed funding from Exinity
PiP World will use the funding to expand into emerging markets
On the UAE’s gaming push + Abu Dhabi’s ports
Bloomberg Intelligence estimates that the gaming sector could contribute nearly 1.3% to the UAE's GDP
Gaming push + Dubai, Abu Dhabi landmarks in the spotlight
The UAE established a federal body to regulate gaming over the past year
RTA unveils AED 165 mn Mall of Emirates road entrance expansion
PLUS: The Game LLC will run the first authorized lottery in the UAE
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