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.
According to UN sanctions, North Korean nationals are not allowed to work in Cambodia. But these 16 men used tourist visas and worked illegally for nearly a year in the Kingdom,” said Kimsan in an interview with The Khemer Times.
Officials will begin inspecting all casinos nationwide beginning Jan. 1 to make sure they have shut down their online operations, Ros Phearun, deputy director-general of the Finance Ministry’s financial industry department, told Reuters.
“if Cambodia’s economy continues to rely on online gambling, Cambodia’s national security will be compromised.” Hun Sen added that Cambodia risked becoming “a haven for money laundering” by “organized crime groups who will come to Cambodia to carry out their activities.”