Report: Cambodia suspends issuance of gambling licence  

Jenny Ortiz 3 months ago
Report: Cambodia suspends issuance of gambling licence  

Cambodia’s Prime Minister Hun Manet has taken decisive action to halt the expansion of gambling activities in the country citing their detrimental effects.   

A local media reported that Hun Manet announced the suspension of new licence issuance and the possibility of revoking existing licences during a meeting with Cambodian communities in Australia and New Zealand.  

The Prime Minister also urged investors to understand the move, emphasizing the government’s stance against promoting gambling, even if they operate within legal frameworks.   

He stressed that any form of illegal gambling, whether small-scale or community-based, will face elimination as it is deemed counterproductive.  

In addressing concerns about profitability, the Prime Minister underscored that gambling poses significant challenges and urged investors to recognize this reality.   

He pointed out Cambodia’s remarkable progress over the past two decades, achieving lower-middle-income status without relying on revenue generated from illegal gambling activities.  

Gambling law in the Southeast Asian country  

In 2020, Cambodia passed the Law on Management of Commercial Gaming, the first comprehensive legal framework governing gambling activities in the country.  

With this law, the Commercial Gambling Committee of Cambodia (CGCC) is primarily responsible for licencing major gambling activities within permitted zones in Cambodia.   

SiGMA Africa – only one week away!   

Just a week away until the highly anticipated SiGMA Africa event kicks off in Cape Town, South Africa on the 11th of March, the gaming industry is abuzz with excitement. Building on the success of its inaugural edition in Nairobi, Kenya, in January 2023, SiGMA Africa is strategically positioning itself at the forefront of Africa’s burgeoning gaming landscape. With the continent’s market poised for exponential growth, driven by a rapidly evolving digital ecosystem and increasing mobile connectivity, SiGMA Group recognizes the need to foster collaboration and innovation within the industry. By bringing together leading stakeholders and visionaries in gaming, SiGMA aims to catalyse progress and propel Africa toward a new era of prosperity and opportunity. As the countdown to the event begins, anticipation mounts for what promises to be a landmark gathering of gaming enthusiasts and innovators in the vibrant city of Cape Town. 

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