143 Cambodia Casinos Applied for Annual Licence: Regulator

A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia.

“The law on commercial gambling management requires a minimum capital investment, plus the COVID-19, caused some of the licence holders (in 2021) to decide not to reapply in 2022,” he said in a written reply.

According to Mr Phirun, Cambodia had previously more than 200 licensed casinos.

The official added: “Almost all casinos continue closed. In 2022, 143 have reapplied [for the annual licence]. They are in the process of licensing.”

New rules approved in 2020 state that casinos in Cambodia are required to renew their respective licence every year.

Australia-listed casino operator Donaco International Ltd said last month that casino operations at its Star Vegas Club and Casino at Poipet, on Cambodia’s border with Thailand, would recommence from 18 June. The property was the firm’s main money-earner prior to the COVID-19 pandemic, but it had been closed for more than two years.

“Donaco confirms that the government of Cambodia and the relevant local authorities have lifted the temporary closure of casino operations in the Banteay Meanchey province, where Star Vegas is located,” stated the casino firm at the time.

NagaCorp Ltd, the operator of the NagaWorld casino resort, Cambodia’s largest gaming property, confirmed to GGRAsia last month that it planned to launch at the venue a 20-table gaming area aimed at “premium players for the mass market”, either in the “late third quarter or early fourth quarter”.

The outlet quoted Mr Phirun as saying that an improvement in industry-wide casino gross gaming revenue was dependent on the recovery of the country’s tourism industry.

 

- Video Advertisement -

Related Post

Blyncsy Publishes Map of U.S. Interstate Highways Showing Roadway Assets to Enhance Safety, Maintenance, and Accelerate the Digital Infrastructure Movement Nationally

Blyncsy empowers state DOTs with the ability to monitor and compare—in near real-time—the status of any major highway in the continental U.S. with their existing data for more informed decision-making. PHILADELPHIA — 2024 AASHTO Annual Meeting & Expo — October 29, 2024 — Blyncsy, a Bentley Systems Inc. (Nasdaq: BSY) company, today announced it published a comprehensive public […]

Phnom Penh-SHV Expressway to Implement Full Toll Rates from 1 November

The Phnom Penh-Sihanoukville Expressway Company has confirmed it will transition to full toll rates beginning 1 November 2024, concluding a 20% discount period that will end at 00:00 on 31 October. This was detailed in the company’s official announcement, dated 31 October 2024. In continued support of smoother travel, the expressway company will offer Electronic […]

Bentley Systems’ New Carbon Analysis Capabilities Help Reduce Infrastructure’s Carbon Footprint

Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets and simplifies embodied carbon reporting with added 3D visualisations. VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the general availability of new Carbon Analysis capabilities […]

Indonesia Sets Sights on Becoming Southeast Asia’s Leading Electric Vehicle and Battery Hub

Indonesia has declared its ambition to become the largest electric vehicle (EV) and EV battery hub in Southeast Asia, a move highlighted by the opening of the region’s first EV battery manufacturing facility last July, according to a statement by vietnamplus, 28 October 2024. This pioneering plant, a $1.1 billion joint venture between Hyundai Motor […]

Cambodian Gov’t Reduces 2025 Budget to USD 9.32 Billion Amid Strategic Economic Planning

The Cambodian government has approved a 2025 budget bill totalling approximately 37.95 trillion riels (USD 9.32 billion), marking a reduction from the 38.83 trillion riels (USD 9.54 billion) allocated for 2024. The budget cut comes as part of a strategic approach to economic planning and was endorsed during a cabinet meeting chaired by PM Samdech […]

CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth

Cambodia’s real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just $2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, based […]