cambodia

Ministry of Economy and Finance official Ros Phearun said that the new regulations will provide for a “safe and sound” and “competitive” sector, and were tailored to attract more integrated commercial gambling developments rather than standalone casinos.

NagaCorp Ltd says the group has been granted a 50-year lease on a plot of land “about 500 meters [0.31 miles] south of” the restricted zone of Angkor Wat, in Siem Reap, Cambodia.

The long-awaited bill – known as the Law on the Management of Integrated Resorts and Commercial Gambling (LMIRCG) – was approved by Cambodia’s national assembly last week, and is now to be reviewed by the country’s senate.

The agreement with the Ministry of Health had been amended to permit NagaWorld to reopen “all of its casino businesses,” including mass-market tables and electronic gaming.

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

Cambodia casinos have been prepared to reopen provided they observe strict health requirements aimed at minimizing further COVID-19 transmission.

But He believes there is a great future after the pandemic. He is waiting for the return of Chinese money to support the city’s expansion. He is so sure he has added gold toilets to his casino’s restrooms.

The chairman of Cambodia casino operator NagaCorp Ltd has affirmed that its gambling business at the firm’s NagaWorld complex in Phnom Penh has been steady in the first quarter, notwithstanding the global coronavirus alert and the shutdown of the Macau casino market.

After several years of booming construction and rising foreign investment, the hot streak for the Cambodian beach town of Sihanoukville has gone cold. In late December, Cambodian Prime Minister Hun Sen announced a permanent ban on online gambling, leaving thousands of Cambodian workers jobless.

Major General Chuon Narin, the province’s top cop, said “most of the casinos here became bankrupt” after the online ban took effect. The government previously stated that there were over 70 casinos in the Sihanoukville region before the ban but that number has since dwindled to around 20 as owners determined that their operations – some of which derived up to 90% of their revenue online – were no longer profitable.