Cambodia’s prime minister, Hun Sen said that the Southeast Asian country would no longer issue licenses to online gambling businesses.
The Royal Government stops granting principles and licenses to operate online gambling businesses inside and outside Cambodia from the day of a signature on this directive onwards.
For valid license holders, they are allow to operate until the licenses are expired. After that, the Ministry of Economy and Finance will not renew their licenses anymore.
Some foreign criminals have run underground online gambling businesses in Cambodia and use them as a front to operate telecom scams in order to extort money from victims inside and outside the country.
That was understood to be a reference to frauds aimed typically at ethnic Chinese consumers.
Some foreigners have used this form of gambling to cheat victims inside and outside the country.
The volume of Chinese money being invested recently in gaming and hotel businesses in the Cambodian seaside resort of Sihanoukville has received widespread publicity.
Recently in gaming and hotel businesses in the Cambodian seaside resort of Sihanoukville has received widespread publicity.
Another form of “online gambling” involves studios that are not traditional casinos, but which stream live table games to players offshore.
A number of legal experts spoken to by GGRAsia have said that any form of gambling involving remote play can be an anti-money laundering risk because it is harder for the gaming operator to be sure about the source of the funds gamble and the identity of the player.