A total of 143 casinos in Cambodia have submitted annual license applications to the country’s gaming regulator. Roth Pirun, secretary general of Cambodia’s Commercial Gambling Commission, said only 13 licenses have been issued to GGRAcia so far this year.
“The Act on Commercial Gambling Management calls for minimal capital investment and due to COVID-19, some of the license holders (in 2021) have decided not to reapply in 2022,” he said in a written response.
According to Ross, Cambodia previously had more than 200 licensed casinos.
The official added. “Almost all casinos continued to close. 143 reapplied for [annual licenses] in 2022. They are in the process of licensing.”
A new rule approved in 2020 states that casinos in Cambodia must renew their respective licenses each year.
Australia-listed casino operator Donaco International said last month it would resume casino operations at Poipet’s Star Vegas Club & Casino on the Cambodian-Thailand border on June 18. The property was the company’s main source of income before the COVID-19 pandemic but remained closed for more than two years.
At the time, the casino company said, “Donaco is confirming that the Cambodian government and related local authorities have temporarily lifted the closure of casino operations in Bantei Meanchei, where Star Vegas is located.”
Nagakov, the operator of Naga World Casino Resort, Cambodia’s largest gaming property, confirmed last month to GGRAcia that it plans to launch a 20-table gaming zone aimed at “premium players for the public market” at the end of the third or early fourth quarter. 경마사이트프로
Cambodian media outlet Phnom Penh Post reported on Monday that the country’s first-half national income from commercial gambling in Cambodia was only 8% of its annual target set at 174.2 billion KHR ($43.55 million). Most of the income came from lotteries and lotteries. The media quoted Mr. Pirun as saying that the improvement in casino total game revenues across the industry depends on the recovery of the country’s tourism industry.