Beijing sends shockwaves through igaming

After years of turning a blind eye to the booming online gambling markets in Cambodia and the Philippines, authorities in China have finally had enough, triggering a clampdown across the region.  Beijing’s decision to put pressure on the Philippines and Cambodia to crackdown sent shockwaves through the sectors in both Southeast Asian countries.  Cambodia’s Prime Minister, Sandech Techo Hun Sen, subsequently announced in late August that the Kingdom will not issue any more online gambling licenses and not renew any existing ones once they expire. Online licenses are typically renewed every January, which means existing licenses will only run until the end of the year.  A brick-and-mortar casino license automatically allows a property to offer igaming, so online has been the main revenue stream for many Cambodian casinos. Quite clearly, the government’s decision is a hammer blow to the coastal city of Sihanoukville, but border towns of Poipet and Bavet where casinos...

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