The new gambling law was recently passed by the National Assembly. People are speculating whether the online gambling companies will make a comeback.
Offline casinos and integrated resorts are just front companies. Cambodia already got a taste of online gambling. Will they really give up online gambling, after reaping the benefits from developing cities like Sihanoukville?
A large number of online gambling companies in the Philippines are struggling due to the pandemic. "Cambodia's passing of the new gambling law is actually sending a signal to online gambling companies in the Philippines thay may want to return to Cambodia, but it is not easy to say", a source said.
Some said that the fact that the Chinese online gamblers left Cambodia's bubble economy is reflected in the fact that many Cambodian's have become unemployed and struggle to get by. Those who invested in real estate can't pay off large amounts of debt. There is growing social pressure that the government does something to help their situation.
Some gambling companies have returned to Cambodia from the Philippines since the pandemic started. Some companies have moved to relatively remote provinces due to the current environment where online gambling is illegal.
Before the ban on online gambling it was concentrated in cities like Poipet and Sihanoukville. After the ban many companies moved to Dubai, Ukraine and other countries.
Most of the employees of online gambling companies were Chinese before the ban. Currently recruitment agencies are advertising for jobs targeting Cambodians, Vietnamese and Malaysian nationals.
News of the new gambling law was first announced last year by Ministry of Finance officials at the Mekong Gambling Summit. It was expected that the new law would be signed this year, but that it would target physical casinos and not online gambling.
Some analysts believe that the new gambling law has raised the requirements to acquire casino licenses and will strengthen the government's control of casinos.
After the new gambling law triggered speculation about the return of online gambling last year, the Ministry of Finance clarified that the government's ban on online gambling was final and that they did not want the market to doubt its decision.
Prime Minister Hun Sen also emphasized that the Cambodian government will crack down on online gambling. A total ban on online gambling is necessary to maintain social stability and to maintain the friendly relations between Cambodia and China.
The Chinese Embassy in Cambodia issued a statement saying that the ban on online gambling had purified the Cambodian investment environment by restricting and regulating investment and business activities of Chinese people in Cambodia creating favorable conditions for more practical cooperation.
Is online gambling returning to Cambodia?
- Bong Burgundy
- A Moment of Clarity
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There are certainly Chinese gamblers being flown in. A few weeks ago the quarantine hotel in BKK1 which I written about before on this forum has been leased by some entity to exclusively house Chinese guests. I saw them walking across the street to an apartment building (also Chinese owned or leased) and had a chat with their guard. Somebody has created a casino on or near the top floor(s). This building is the same one as where police conducted various arrests over the past months.
Curious if Naga cares or knows of the casino's existence. Naga customers visit their KTV located on the same street.... (the one with a blue Lamborghini? in front)
Curious if Naga cares or knows of the casino's existence. Naga customers visit their KTV located on the same street.... (the one with a blue Lamborghini? in front)
Did it ever really leave entirely?
I doubt it.
I doubt it.
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- I've got nothing better to do
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Nope I was banging an online roulette girl working for a Chinese casino in PP
- Hairy-nosed Otter
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I really don't think China wants online gambling available to Chinese punters
So, i really don't think the online casinos will be coming back here in a big way.
But who knows ...??
My bet is a big expansion of inhouse casino's.
China seems to accept many relatively small-time holiday gamblers splurging abroad, but it is making a determined effort to stop High Rollers depleting the national accounts -
Recruiting big gamblers in China is pretty strictly prohibited - which is where the Triad junket operators step in.
AND there is an ongoing crackdown on corrupt officials blowing the local treasuries in places like Macau etc.
They got a terrible habit, worse than smack
- but at least the Chinese have admitted they gotta national "problem" and are taking active steps to kerb it.
So, i really don't think the online casinos will be coming back here in a big way.
But who knows ...??
My bet is a big expansion of inhouse casino's.
China seems to accept many relatively small-time holiday gamblers splurging abroad, but it is making a determined effort to stop High Rollers depleting the national accounts -
Recruiting big gamblers in China is pretty strictly prohibited - which is where the Triad junket operators step in.
AND there is an ongoing crackdown on corrupt officials blowing the local treasuries in places like Macau etc.
They got a terrible habit, worse than smack
- but at least the Chinese have admitted they gotta national "problem" and are taking active steps to kerb it.
...then he smiled again, and slipped away, further on up the stream
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