This law aims to ensure that the government can better regulate casinos and various legal gambling activities
The Cambodian government is accelerating the pace of legislation to make the ‘New Gaming Law’ take effect within this year, to ensure that the government can better regulate casinos and various legal gaming activities, so that the gaming industry can aquire more national taxes.
On the 16th of this month, the Ministry of Finance and Economics of Cambodia held a meeting with the Supreme Advisory Council to solicit opinions from members of the Supreme Advisory Council on the content of the draft ‘New Gaming Law’.
At the meeting, Cambodian Deputy Prime Minister and Minister of Finance Aun Pornmoniroth introduced the important content of the draft ‘New Gaming Law’ and the government’s determination to introduce the law. Members of the Supreme Advisory Council from various parties have expressed their views and suggestions.
It is understood that the draft ‘New Gaming Law’ has a total of 12 chapters and 98 articles and will be submitted to the Cabinet for consideration in the near future, and then submitted to the legislative body for consideration.
The Sihanouk gaming industry may face a second wave of shock because once the law takes effect, the casino license application process will be more stringent.
He said that the new law will authorise the government to set up a gaming management committee, which is composed of 11 people. The minister of finance and finance serves as the chairman, a state secretary of the Ministry of the Interior serves as the vice-chairman, and other relevant government officials are members.
According to the Cambodian Ministry of Finance and Economics report, as of March 31, 2019, Cambodian officials issued a total of 169 casino licenses, 91 of which are located in Sihanoukville.
After the outbreak of COVID, the Cambodian service industry began to suffer a huge impact, and the casino industry was inevitably affected. In order to prevent the spread of COVID in the country, from April 2, the government requires all casinos across the country to be temporarily closed until further notice.