Cambodian Gov’t Reiterates Online Gambling To End Starting January

An official said the government would conduct inspections of all casinos to make sure online gambling had ceased, or else the casinos would lose their license.

The Cambodian government on Monday reiterated a previous decision to not renew any online gambling licenses beyond December 31 this year, potentially bring the lucrative sector to a standstill starting next year.

Online gambling has fuelled the casino boom in the coastal town of Sihanoukville, though it has also raised red flags over potential money laundering. The southern town has seen a massive influx on investment aimed at the construction and gambling sectors.

Ros Phearun, a Finance Ministry official, said the government was battling money laundering and took the decision to end online gambling because they didn’t have the technical capabilities to monitor the “new” technology.

In full: https://www.voacambodia.com/a/cambodian-gov-t-reiterates-online-gambling-to-end-starting-january/5218901.html

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