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Insight CAMBODIA Klebanow Consulting


Andrew Klebanow, Principal, Klebanow Consulting


Andrew Klebanow is the Principal of Klebanow Consulting. He brings nearly 40 years experience in the casino industry with the past 12 years spent as a gaming consultant. He has completed assignments in jurisdictions throughout North America as well as in 15 countries. Over the course of his career he has visited nearly 1,000 casino properties. Andrew has authored over 120 articles for trade publications; contributed academic papers and is a periodic lecturer at Cornell University’s School of Hotel Administration and has taught classes at the University of Nevada Reno’s School of Continuing Education. www.klebanowconsulting.com andrew@klebanowconsulting.com


The LMIRCG is essential if the Cambodian gaming industry is to attract international casino operators and additional foreign investment. Until now, the burden of regulation and adherence to international regulatory standards fell on individual operators. NagaCorp and Donaco are two publicly traded companies that developed their own regulatory regimens that adhere to those international standards.


Cambodia cautiously restarts its casino gaming industry


After a government mandated three-month closure, Cambodia’s casino industry has begun the process of re-opening. Te central government had previously implemented aggressive measures to control the Covid- 19 outbreak, essentially closing its overland borders and implementing quarantine measures for international arrivals.


Casinos will be subject to a gaming tax of 7.0 per cent on mass market gaming revenue and 4.0 per cent on junket revenue. Tese rates would be the lowest in Asia, making Cambodia particularly attractive to casino developers and investors.


THE LMIRCG Coinciding with the re-start of the gaming industry,


the Council of Ministers approved new legislation governing the country’s casino industry. Te Law on the Management of Integrated Resorts and Commercial Gambling (LMIRCG), nine years in development, will now go before the National Assembly and the Senate; the final step before the law’s implementation will require a proclamation by the King.


Te LMIRCG is essential if the Cambodian gaming industry is to attract international casino operators and additional foreign investment. Until now, the burden of regulation and adherence to international regulatory standards fell on individual operators. NagaCorp and Donaco are two publicly traded companies that developed their own regulatory regimens that adhere to those international standards. It is expected that LMIRCG will drive the future development of integrated casino resorts, particularly in the country’s tourism regions.


Te LMIRCG calls for the establishment of a regulator, the Integrated Resort Management and Commercial Gambling Committee (GMC). Te GMC will issue regulations, collect gaming taxes, audit casino operations, investigate gaming license applicants, and


P100 NEWSWIRE / INTERACTIVE / MARKET DATA issue licenses to casino operators and suppliers.


Te law also divides the country into three distinct zones: Promoted, Permitted and Prohibited. Promoted zones include the coastal provinces of Sihanouk, Koh Kong, and nearby islands where central planners intend to stimulate international tourism, and are the only areas where future integrated resort development will be allowed. Permitted zones refer to the border districts where casinos are in operation today, notably Bavet and Poipet. Licensees in Permitted zones will have to submit to more frequent re-licensing than those in Promoted zones. Prohibited zones are those areas that house religious sites. It protects the world heritage sites such as those near Siem Reap from future casino development. Te law also acknowledges NagaWorld’s zone of exclusivity in and around Phnom Penh. As with previous regulations, Cambodian citizens will be prohibited from gambling in any of the nation’s casinos.


Most important, the LMIRCG establishes tax rates based on a percentage of gaming revenue. Casinos will be subject to a gaming tax of 7.0 per cent on mass market gaming revenue and 4.0 per cent on junket revenue. Tese rates would be the lowest in Asia, making Cambodia particularly attractive to casino developers and investors.


NAGA RESTARTS OPERATIONS NagaWorld was the first casino in Cambodia to be


granted permission to re-open and that property’s health and safety protocols, prepared with the Ministry of Health, will form the standard operating


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