The slow recovery of the gambling sector is due to several factors, including the COVID-19 pandemic and the government’s recent crackdown on illegal gambling. In addition, the influx of international tourists has been slower than expected this year.

Despite the challenges, the gambling sector is expected to recover more fully in the second half of 2023. This is due to the anticipated increase in international tourism, as well as the government’s plans to enact a new law on the management of all sectors of the gambling business.

The new law is expected to strengthen the regulation of the gambling industry and create a more favorable environment for businesses. This could lead to an increase in revenue for the gambling sector in the years to come.

A government official,  Cambodia now issued licenses to 181 companies in the field of commercial gambling, including 87 licenses for business renewal that meet all the conditions, and there are 91 unqualified or provisional licenses and three new licenses issued to new joining.

Currently, the Royal Government has licensed and allowed only two types of gambling, including casinos and instant lotteries. Separately, for electronic games, the Royal Government does not have a license or permission to operate in Cambodia.

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PHNOM PENH: Mr. Kouch Chamroeun, Governor of Preah Sihanouk Province, presented to the United States the progress of development in this coastal province, ranging from large infrastructure to the presence of many high-rise buildings.

On April 20, 2022, HE Kouch Chamroeun, Governor of Preah Sihanouk Province, met with Mr. Paul Grove, Secretary General of the Senate Finance Committee of the United States Senate, to discuss the work and study of Preah Sihanouk Province’s economic and social development.

Mr. Kouch Chamroeun, Governor of Preah Sihanouk Province, welcomed the team and provided information about the province’s geographical features.

He stated that once Cambodia gained independence, the US assisted in the construction of National Road 4 to Phnom Penh, establishing Sihanoukville as a deep-sea international port. The Royal Government of Japan is now supporting the extension of the port of Sihanoukville, which formerly had a sea depth of 9.50 meters.

The Japanese government is assisting in the development of the first phase, which has a depth of 13 meters, as well as the second and third phases, which have a depth of 15 meters and will allow 97 percent of the world’s ships to dock, lowering shipping costs. 70% of freight is handled by the Sihanoukville Autonomous Port.

He stated that the province has 11 special economic zones, five of which are now employing tens of thousands of young Cambodians. The province has an international airport with a 3,400-meter runway and is actively building departure terminals. The province has an expressway connecting Phnom Penh and Sihanoukville, which is set to open in October 2022 and will help the country’s economic growth.

He went on to say that the Ministry of Public Works has worked with the ADB to repair and expand National Road No. 4 in order to attract more convenient transit and traffic. The Royal Government has encouraged foreign investors, notably Chinese businessmen, to invest in Sihanoukville in areas such as hotels, casinos, and other industries that employ a large number of our youth.

Furthermore, the Governor of Sihanoukville asked the delegation to push Seattle to maintain and expand relationships with the city, as well as to attract American investors to visit and invest in Sihanoukville.

The Secretary General of the US Senate Finance Committee, Mr. Paul Grove, thanked the Governor for enabling him and his colleagues to meet and discuss Sihanoukville’s present economic and social growth.

Mr. Paul Grove also lauded the people of Sihanoukville’s progress and infrastructure. He arrived to Sihanoukville in 1994, but now he looks at it, not wanting to know because of the astonishingly quick growth, with hotels and towers, which gives the benefits of developing company. Increase your growth.

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