Cambodia is on the cusp of a nation-wide online casinos shut down. With a voted ban on the gaming industry, all Internet casinos in the Kingdom should be coming to a halt on January 1, 2020. Those refusing will face stern legal ramifications, a government spokesman confirmed on December 25.
According to VOA Cambodia, a media outlet, Finance Ministry spokesperson Ros Phearun has warned casinos to shut down, as inspections will be conducted to ensure compliance. Cambodia is giving in to pressure from China as well as a determination to shut down an industry it regards as a conduit of social degradation.
Yet, the real estate market seems to benefit from the decision to unwind gambling activities in the Kingdom. In August, Prime Minister Hun Sen issued a decree with which he announced the end of issuing new casino licenses, and warned active operators about a forthcoming closure.
