Cambodian doors to close as Vietnam opens to locals?

Cambodia’s gambling industry is eyeing moves to open up the market in neighboring Vietnam with trepidation, though views are mixed on the potential impact. Casinos lining Cambodia’s border with Vietnam have long benefited from traffic from Vietnamese who have been banned from gambling at home. Vietnamese are estimated to spend about $800 million annually gambling overseas, with a large chunk of that funneled into its neighbor’s casinos. The country has 65 operating properties, mostly small and in frontier towns such as Bavet. The country allows online gaming and sports betting, which has also attracted large numbers of Vietnamese gamblers. Vietnam, in January, finally lifted its long-standing ban on locals gambling, though on a limited basis. They will be allowed to enter two designated casinos, one in Van Don in the far north and one on Phu Quoc in the south. It is not yet confirmed whether Vietnam’s Ho Tram Resort and Casino will...

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