Cambodia will no longer issue licenses to online gambling businesses, and all existing licenses will not be renewed when they are expired, the Prime Minister Samdech Techo Hun Sen said in a directive on Sunday, Xinhua reports.
"The Royal Government stops granting principles and licenses to operate online gambling businesses inside and outside Cambodia from the day of signature on this directive onwards," the Prime Minister said.
"For valid licenses holders, they will be allowed to operate until the licenses are expired. After that, the Ministry of Economy and Finance will not renew their licenses anymore," Samdech Techo Hun Sen added
The prime minister also ordered the authorities at all levels to intensify investigations and suppression on all illegal online gambling businesses in order to maintain social security and public order.
The move came after some foreign criminals have run underground online gambling businesses here and used them as a front to operate telecom scams in order to extort money from victims inside and outside the country, Xinhua reported.
"Cabinet minister, interior minister, economy and finance minister, ministers and heads of relevant institutions, national police chief, national military police chief and authorities at all levels must take strict measures to implement this directive effectively," Hun Sen said.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264