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6mo ago

Blackstone Backs $250 Million Abu Dhabi Gaming Payments Platform

The move signals confidence that capital will keep flowing into the UAE despite recent regional conflict.

A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo
The sign outside the New York headquarters of Blackstone, which manages $1.3 trillion in assets. Bloomberg
Image

Overview

  • Blackstone committed $250 million to create Advanced Digital Gaming Technology in Abu Dhabi with partners Raya Holding, NRT Technology and Sightline Payments.
  • ADGT will build payment processing and regulatory compliance systems for licensed digital markets, starting with commercial gaming in the UAE and expanding to parts of the Middle East and Africa.
  • Blackstone said ADGT is already licensed in the UAE and is the only provider allowed to contract with both land-based venues and online gaming platforms.
  • The National characterized the deal as one of the first sizable commitments into the UAE since the Iran war shook investor confidence, pointing to ongoing inflows despite near-term risks.
  • The investment extends Blackstone’s regional push after its Glide logistics venture with Lunate in October and a joint $525 million stake in Property Finder with Permira in September.