cambodia

Cambodia has banned its citizens from outbound trips via its borders, in an effort to stem the spread of Covid-19 infection.

CASINOS in Cambodia could regain three-fifths of the sector’s pre-pandemic revenue this year, led by the VIP segment, a recent report has suggested.

UNESCO has voiced concerns over a proposal by casino investor NagaCorp Ltd, to build a US$350-million non-gaming resort near the World Heritage site Angkor Wat, in Siem Reap, 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.