Cambodian gov't approves 10 more casino licenses

The Cambodian government has granted 10 new casino licenses in the third quarter of this year, raising their number in Cambodia to 75, local newspaper The Khmer Times, reported. 

Ros Phearun, a deputy director general of the financial industry department at the Ministry of Economy and Finance, told The KT that most of the 10 new casinos are in the coastal resort of Sihanoukville.

“By the end of the third quarter of the year, we have 75 casinos operating in our country. In the third quarter, we licensed 10 new casinos. Most of them are operating in Preah Sihanouk province where the [gambling] industry is nearly nonexistent,” he said.

Mr. Phearun said most of the new entrants to the gambling industry were interested in online gambling. The government, however, requires online betting to take place within a casino. 

Mr. Phearun said most of the new casinos are backed by Chinese investors. 

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