G3Newswire CAMBODIA ADDS 10 NEW LICENCES
The Cambodian government has issued 10 additional new casino licenses, increasing the country’s total to 75
Cambodia - Regulations
The Cambodian government has issued 10 new casino licenses, increasing the country’s total to 75. Ros Phearun, Deputy Director General of the financial industry department at the Ministry of Economy and Finance, revealed that the majority of the new licences would be in the coastal resort of Sihanoukville.
“By the end of the third quarter of the year, we will have 75 casinos operating in our country. In the third quarter, we licensed 10 new casinos. Most of them are operating in Preah Sihanouk province where the industry is nearly nonexistent,” he said.
“Our policy is to attract more investment, but we are also careful for any investment in the gam- bling industry because it is different from other industries. Although gambling is good for invest- ment, the government has a clear policy to govern the industry in order to both increase the national budget and also protect national security.”
He added that most of the new casinos would be owned by Chinese investors. The National Bank of Cambodia said it would make its first attempt to collect accurate data from casinos. In a speech at
the National Workshop on Statistics of International Trade in Services (SITS), bank Director Chea Serey thanked the governments of Australia and New Zealand for their assistance in improving Cambodia’s data collection.
“Perhaps next to Macau and Monaco, Cambodia has the largest proportion of casino income to total international travel credits of any country in the world. In the case of Cambodia, income generated by casinos from non-residents represents about 40 per cent of total international travel credit,” she said. “Cambodia is the only country in the ASEAN and perhaps the only one in the world to undertake a survey of casinos for travel credits even though casinos have been established in eight of the 10 ASEAN countries.”
Cambodia’s gaming tax revenue surpassed $12m in the first half of 2015, representing a 20 per cent increase from the first six months of 2014. The Ministry believes this was driven by an increase in Thais crossing into Cambodia. Mr. Phearun said casino tax revenue collected is entirely dependent on the situation in the border areas.
CHINA – DJI TO BRING ONLINE BOOKING SYSTEM DJI Holdings, a licensed promoter and distributor of Chinese sports and welfare lottery products to third party retailers and direct to consumers, is partnering with Heilongjiang Sports Bureau to establish a joint venture.
This will include, for the first time in a Chinese province, a Business-to-Business (B2B) online booking system for sports. Based on DJI’s technology, the system is expected to generate significant incremental revenue. Terms have been agreed with three of China’s largest online portals to sell and promote its B2B system from November 2015, giving it direct access to their significant customer bases. A full e- commerce platform for the HSB is expected to follow in 2016.
Beyond the online booking system, it is expected that the HSB Joint Venture will have exclusive lottery contracts with HSB for its lottery distribution channels including its official web site (B2C), mobile platform (B2B), lottery stores (offline- to-online) and digital and physical scratch cards, and will be responsible for the introduction of new games. The develop- ment and support of the soccer industry in Heilongjiang, in parallel with China’s wider ambitions for its involvement in the sport, is a key aim of the HSB.
ASIA & OCEANIA GAMING NEWS
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