Reports CAMBODIA MARKET REPORT
STAR VEGAS QUARTERLY REVENUES 2022-2023 Q1 2023
Rolling Chip VIP turnover Net Revenue
Operating expenses Property level EBITDA Average daily visitors VIP win rate
A$10.2m A$6.29m A$2.11m A$4.17m
1,066 players 4.09%
Q42022 A$11.44m
A$5.12m A$2.43m A$2.69m
841 players 6.72%
Q12022 n/a
A$0.01m A$0.44m -A$0.43m n/a n/a
c. Issuing specific guidelines for the gambling sectors.
d. Dispute resolutions within the law requirements
e. Introduce measures for gambling problems and prevention of money laundering and terrorist financing.
3. Zoning – Tis divides Cambodia into two zones
a. Prohibited Zone – this refers to any area where gambling is not permitted in any form and generally in areas preserved for culture or religion. For example the Angkor Wat zone. However, any gambling centres which operated in these zones prior to the law are exempt.
b. Permitted Zone – this refers to all other zones. Any gambling activities outside of Integrated Commercial Gambling Centres (ICGC) via article 23, includes free trade zones at the airport, international airports, cruises in permitted zones and those which hold a permit from the CGMC.
4. Integrated Commercial Gambling Centre – ICGC refers to the development of IRs and can include hospitality resorts, restaurants, shopping malls, hotels, sporting centres,
entertainment, convention or exhibition space and one or more casino operators. To apply for a licence a company must incorporate and register as a legal entity in Cambodia. Te same procedure exists for casino operation and licences exist for 20 years within the ICGC. Casinos located outside of ICGC are valid for five years.
5. Licensing Regime – Tis sets out a comprehensive foundation for future activities within the Cambodian gaming industry and introduces licences for:
a. Casino games b. Betting games c. Luck-based games d. Other commercial games
e. Commercial gambling promoter (junkets) licence
f. Gambling equipment installer, manufacturers, importers, distributors..
6. Restrictions for players – this questions player eligibility with restrictions for those:
a. Who are mentally incompetent, financially incompetent or declared bankrupt.
WIRE / PULSE / INSIGHT / REPORTS P65
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