70 Casino license Renewals Granted in Cambodia by Mid-2022
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B2B Cambodia
on
Cambodia’s General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) under the Ministry of Economy and Finance (MEF) has renewed an additional 47 casino licenses and seven games of chance licenses, which combined with the 16 licenses granted in June, brings the total to more than 70 licenses in the Kingdom by mid-2022.
The sector is trying to rebuild from the severe impacts of COVID-19 and is facing headwinds from the ongoing ‘Zero COVID-19’ policy practised in China which has reduced the number of visitors, as well as negative media attention on the sector in recent months covering stories on the allegations of illegal workers and ongoing staff protest issues at NagaWorld in Phnom Penh.
These license renewals were awarded to casino and game of chance businesses which had suspended their operations due to the pandemic for about two years reported the Khmer Times.
- In May 2022, operators of casinos in border areas, including Poipet and Bavet towns, had not applied to renew their licenses and were still renovating the properties.
- Now, 70 per cent of casinos on the border area with Vietnam have completed renovation of their facilities.
- Under Cambodia’s Law on the Management of Integrated Resorts and Commercial Gambling (LMCG), all casinos must renew their licenses annually.