Cambodia is about to ban the online gambling market

Prime Minister of Cambodia Hun Sen, speaking at the opening of the 8th Maritime Festival in Kampot province, reaffirmed its earlier commitments to ban online gambling in the country in early 2020. He said the thriving digital gambling sector in his country has done more bad than good for the local economy, casinonewsdaily reports.com.
Cambodia’s Prime Minister said his country’s economy would suffer further if he allowed online gambling to continue to dominate it. He also stated that the remote gambling industry poses a threat to Cambodia’s security and reputation as online gambling is often linked to money laundering and that he does not want his country to become a money laundering haven.
News of Cambodia’s online gambling ban first spread in August, when local media reported that a Cambodian top official in a directive he signed had ordered all online gambling operators licensed in the country to close their establishments by the end of the year. Also, Prime Minister Hun Sen ordered the responsible ministries and government agencies to stop issuing new licenses for online gambling. The official later explained that the country should reduce its dependence on the online gambling sector by focusing instead on developing a tourism product around its natural and cultural heritage that would have a much more positive economic impact.
The licensing system in Cambodia, which closely resembles the licensing system in the Philippines, has for many years allowed mainly Chinese businesses to open gambling establishments in the country and provide remote gambling services. According to the terms of their licenses, they were not supposed to serve Cambodian clients, but law enforcement officers found that a number of gambling operators constantly violated this rule.

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