Cambodia approved 10 new casino licenses in the third quarter, with most of the recipients reportedly intending to focus on online gambling operations.
On Thursday, the Khmer Times reported that Cambodia’s government had issued 10 new casino licenses in the three months ending Sept. 30, bringing the country’s total number of licensed gaming venues to 75.
Ros Phearun, deputy director general of the financial industry department at the Ministry of Economy and Finance, credited the gambling industry with increasing the flow of foreign investment into Cambodia. Phearun said Chinese investors were backing the majority of the newly licensed casinos.
Most of the new casinos will be built in Sihanoukville on Cambodia’s southwest coast, the country’s main tourist destination. The majority of Cambodia’s existing casinos are clustered near border crossings with Thailand and Vietnam, and Phearun described the casino industry in Sihanoukville province as “nearly nonexistent,” although there are a few small operators, including Queenco Leisure International’s struggling Queenco Casino and Hotel.