Cambodia signs long-awaited casino bill into law

Cambodia’s new gaming bill has officially been signed into law.

Seven weeks after the National Assembly gave its nod of approval, and three weeks after being adopted by the Senate, Deputy Director of Cambodia’s Ministry of Economy and Finance, Ros Phirun, confirmed to Inside Asian Gaming that the Law on the Management of Integrated Resorts and Commercial Gambling (LMCG) was promulgated last Saturday and subsequently published by the Ministry, with the aim of promoting tourism, fostering economic growth and creating more job opportunities for local citizens.

“The purpose of this law is to ensure the management of integrated commercial gambling centers and commercial gambling to contribute to boosting economic growth, promoting tourism sector, creating jobs, collecting revenues, maintaining social safety and security by determining the competencies, rules and procedures for [the] management of integrated commercial gambling centers and commercial gambling, physical person’s and legal entity’s right and obligation to directly operate or participate in commercial gambling and determining the right as owner of integrated commercial gambling center and commercial gambling establishment, as well as establishing a standard for integrated commercial gambling center and commercial gambling of the Kingdom of Cambodia,” the law states.

In full: https://www.asgam.com/index.php/2020/11/20/cambodia-signs-long-awaited-casino-bill-into-law/

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