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June 18, 2021

The proposal was unanimously approved by 114 lawmakers

Cambodia: lower house passes bill on commercial gaming management

Cambodia: lower house passes bill on commercial gaming management
The proposal was unanimously approved by 114 lawmakers attending the parliamentary session on October 5.
Cambodia | 10/06/2020

The National Assembly of Cambodia approved proposed legislation that sets a minimum capital for the investment in a casino and provides measures to combat money laundering and terrorist financing.

T

he National Assembly of Cambodia, the lower house of the national Parliament, has passed a bill aimed at putting casinos and other gaming facilities in Cambodia under control.

The proposal was unanimously approved by 114 lawmakers attending the parliamentary session on October 5, the Cambodian Economy and Finance Minister Aun Pornmoniroth announced.

He said the bill sets a minimum capital for the investment in a casino and provides measures to combat money laundering and terrorist financing.

"The law is aimed at further strengthening the management of commercial gaming facilities in Cambodia so as to contribute to boosting economic growth, promoting tourism, increasing tax revenue as well as maintaining social safety and security," he said at the session.

In Cambodia, casinos are licensed to operate in order to help attract foreign tourists, while local residents are not allowed to gamble in the casinos, the VN Explorer reports.

A total of 193 casinos have been licensed in the country so far.

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