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Cambodia will no longer grant online gaming licenses

In order to try to curb the activity of criminal mafias operating in the country, the Cambodian government announced that it will not issue more online gaming licenses, according to China’s state news agency, Xinhua.

The measure will take immediate effect, as indicated by Cambodian Prime Minister Hun Sen in the directive signed on August 18.

He stressed that there are many operators (about 150 according to local media) with insured licenses, but there are also a large number of illegal operators in the country, which point to the domestic market consisting of Cambodian and foreign players

“The Royal Government stops granting (…) licenses to operate online gambling businesses in and out of Cambodia from the day of the signing of this directive onwards,” said Hun Sen, and explained that operators’ licenses Current will not be renewed.

According to the report cited by Xinhua, “some foreign criminals” were conducting in Cambodia “clandestine online gambling businesses“, which were used “as a front to operate telecommunications scams in order to extort the victims inside and out of the country.”

Shihanouk province is cited by the directive as the preferred base of operations for illegal operators, who would be using online games for the deception and extortion of players, affecting the social order of the country.

Licensees may continue to operate their licenses until they expire, but then they must close their operations in Cambodia, since the government will not renew or issue new licenses, as published by Cambodia Express News.

The Khmer Times, meanwhile, reported that the government’s decision goes beyond online gambling, as the new policy will also ban “gambling in the kingdom in an attempt to safeguard security and order public“.

It has not been specified whether this policy will also affect the “proxy” or “teletext,” GGRAsia said. Through this game mode, players can participate in live casino games, and they need to be physically present, as they do it online or by phone.

Players can also participate remotely in games that are broadcast live, but not from a traditional casino but from a studio. With this game mode, you run the risk of money laundering, since players are in other places, GGRAsia said.

The directive is clear about the role of law enforcement officials, who must step up the persecution and punishment of illegal gambling activities that are detected.

Sources: https://www.igamingbusiness.com/news/cambodia-cease-online-gambling-licensing

About the author

Santiago Contreras

Santiago Contreras

I am a professional journalist dedicated to tracking news related to the stock market, business, finance, blockchain and economics. It is a hobby that I share with sports in general, with special attention to tennis, basketball and soccer. I like to offer our readers relevant, entertaining and useful content to help them inform themselves and make decisions every day. Thanks for reading me!

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