GGRAsia – 143 Cambodian casinos applied for annual license: regulator
143 Cambodian casinos have applied for an annual license: regulator
A total of 143 casinos in Cambodia have submitted their annual license application to the country’s gaming regulator. So far this year, only 13 licenses have been issued, Ros Phirun, secretary general of Cambodia’s Commercial Gaming Management Commission, told GGRAsia.
“The Gambling Business Management Act requires minimum capital investment plus Covid-19 caused some licensees (in 2021) to decide not to re-apply in 2022,” a- he said in a written response.
According to Phirun, Cambodia previously had more than 200 licensed casinos.
The official added: “Almost all casinos continue to close. In 2022, 143 reapplied [for the annual licence]. They are in the process of getting a license. »
New rules approved in 2020 stipulate that casinos in Cambodia are required to renew their respective license every year.
Australian casino operator Donaco International Ltd said last month the casino operations of its Star Vegas Club and Casino in Poipet, on the Cambodian border with Thailand, would start again of June 18. The property was the main source of income for the business before the Covid-19 pandemic, but it had been closed for more than two years.
“Donaco confirms that the Cambodian government and relevant local authorities have lifted the temporary closure of casino operations in Banteay Meanchey province, where Star Vegas is located,” the casino company said at the time.
NagaCorp Ltd, operator of NagaWorld Casino, Cambodia’s largest gaming property, confirmed at GGRAsia last month that it planned to launch a 20-table gaming zone on the site aimed at “premium players for the mass market” either in the “late third quarter or early fourth quarter”.
On Monday, Cambodian news outlet The Phnom Penh Post reported that state revenue from commercial gambling in Cambodia in the first half was just 8% of the annual target, set at KHR174.2 billion (43 .55 million dollars). Most of this revenue came from lotteries and raffles. The outlet quoted Mr Phirun as saying that an improvement in gross casino gaming revenue industry-wide hinged on the recovery of the country’s tourism industry.