Cambodia to set a casino coastal region

Credits: belsa.com.ni
Credits: belsa.com.ni

Cambodia could set one of the world’s top casino hubs with the development of Sihanoukville city.

Cambodia.- As the coastal city of Cambodia, Sihanoukville keeps developing its local casino industry, the region could soon become one of the world’s leading gaming hubs to attract the international tourism sector. Recently-installed Cambodian casinos in the region are operated by Chinese companies.

There are currently 16 casinos operating in Sihanoukville and the national government has recently granted new gaming licenses to develop the city. At least other nine gaming venues would be opened throughout 2018, although the number could increase, as revealed by the Cambodian Ministry of Finance’s spokesperson Ros Phirun.

Furthermore, the city is adding “new factories, hotels and condo towers dotting an increasingly crowded skyline thanks to the ongoing influx of Chinese investment capital,” according to local authorities. Licensed casinos are permitted to offer live-streamed action from land-based tables to gamblers in other countries.

Aaron Ghini, general manager of Sihanoukville’s Queenco Hotel and Casino, said “in three years, Sihanoukville is going to be bigger – much bigger” than Cambodia’s other casino markets. The national government has granted at least 79 casino licenses by July 2017. “Sihanoukville reported domestic and international tourist arrivals rising nearly one-quarter to 1.5m in the first nine months of 2017, with China accounting for 400k of the international visitors,” added the statement.

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Cambodia casinos gaming legislation Sihanoukville