This definitely shook the economy of Cambodia because it means a reduction in job security. There were also Cambodians working on the online casinos. So, they also lost their jobs. Gambling ban led to a reduction in tax revenue. According to a reliable source, online casinos contributed to $50 Million of the annual revenue. The Prime Minister of Cambodia, Hun Sen, last week reiterated his commitment to ban online gambling in early 2020. He said that his country’s thriving digital gambling sector has brought more bad than good to local economy. “The Royal Government of Cambodia will stop the issuance of online gambling policy and licenses, both within and outside of the Kingdom of Cambodia, from the date of signing this directive,” said a directive signed by Prime Minister Hun Sen. Cambodia Bans Online Gambling. In August 2019, the government of Cambodia announced an online gambling ban that was set to take effect on the first day of 2020. As promised, this ban was implemented, a move that has seen to the closure of a number of casinos with over 7,700 jobs being terminated. Cambodia’s online gambling ban is having economic ripple effects that go well beyond local casino operators. On January 1, Cambodian authorities began inspections of 91 licensed casino operators ... Cambodia is moving to ban online gambling, an industry that attracted a wave of Chinese investment in land-based casinos around the country, citing public safety and threat to social order concerns as the reasons for its decision. "The Royal Government of Cambodia will stop the issuance of online gambling policy and licenses, both within and outside of the Kingdom of Cambodia, from the date of signing this directive," said... Phnom Pehn’s online gambling crackdown has snared hundreds accused of scamming mainland Chinese, while offering Cambodia a chance to rid itself of an industry that has negatively affected some ... Reuters. Posted at Aug 19 2019 03:06 PM. PHNOM PENH - Cambodia said on Sunday it was banning online gambling, which helped propel a wave of Chinese investment in casinos in the country, saying that the industry had been used by foreign criminals to extort money. More than 7,000 Cambodians have lost their jobs and dozens of casinos have been shuttered since a ban on online gambling in August, with more losses expected when the government begins inspections...
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