Categories: Asia Latest News

Cambodia Grants 13 Casinos Licenses in Four Months

Reading Time: 1 minute

The authorities in Cambodia have granted 13 casino licences in the first four months of this year. Ros Phearun, an official in the Ministry of Finance in Phnom Penh, said that the authorities had now granted a total of 163 casino licences and 91 of the licences were for casinos in the province of Preah Sihanouk.

“We have granted a lot of licences, but there are actually only 51 casinos in operation. The rest are now being built, while some have halted operations. The rise in the number of casinos reflects the increase in tourists, particularly Chinese,” Mr Phearun said.

He said the government is expecting US$70 million in tax revenue from the gaming industry this year. He also added that the relevant ministries had finished drafting legislation governing gaming, and that the respective bill would be sent to the Council of Ministers soon, with a view to its eventual enactment.

“With this law, we hope that to attract more big casino investors and increase revenue from the industry. I think that, as a result of this law, revenue collected from the industry will double,” Phearun said.

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Share
Published by
Niji Narayan

Recent Posts

Nasdaq to Deliver Matching Engine Technology to the Football Index

  Cloud deployed matching engine offers fixed-odds betting operator platform rich functionality via the Nasdaq Financial Framework Nasdaq Market Technology…

1 hour ago

NBA 2K League Announces Tencent As League’s First Distribution Partner In China

  The NBA 2K League today announced Tencent Holdings Limited as the league’s first distribution partner in China.  Tencent, a…

1 hour ago

Modern Times Group Publishes its Financial Results for Q2 2019

  Modern Times Group MTG AB (MTG) has published its financial results for Q2 2019. MTG continued to deliver on…

1 hour ago

COA Urges PAGCOR to Consider Closing Casino Filipino-Manila to Prevent Further Losses

  The Commission on Audit (COA) has expressed its concern over the P2.113 billion aggregate net losses incurred by the…

1 hour ago

Mississippi Sports Betting Revenue Increases in June 2019

  Mississippi Gaming Commission has reported an increase in sports betting revenue with $1.6m, for the month of June. Coastal…

2 hours ago

Bob Hamman to Receive Lifetime Achievement Award at the 16th Annual Casino Marketing and Technology Conference in Las Vegas

  A Casino Lifetime Achievement Award will be presented to Bob Hamman, President and CEO of SCA Promotions and SCA…

2 hours ago