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Cambodian Cabinet Passes Casino Regulation

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Cambodian Cabinet Passes Casino Regulation

Cambodian cabinet has approved the draft law on commercial gaming management, according to reports in the Phnom Penh Post.

According to the report, the law will be focusing on ensuring integrated commercial gambling that contributes to economic growth, tourism promotion, job creation, and revenue generation.

It calls for strict casino sector management and measures to protect against money laundering and terrorism financing.

The report has limited information on the details about the bill, except to confirm that locals will not allow to gamble and there will be no further licenses issued within 200km of the capital, where NagaCorp has a monopoly.

Phay Siphan, the government spokesman said that the money laundering and terrorism financing concerns are addressed through cooperation with relevant casino partners.

The gambling law has been in the works for nine years.

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