Good morning. Cambodia is tightening the net around casino-linked online betting. Operations run from casino premises nationwide will be suspended from October, with violators facing possible license revocation and legal action. The country’s regulator is also drafting an integrity and quality framework that will establish minimum suitability conditions for casinos seeking license renewals, although the criteria and timetable remain undisclosed. Elsewhere, Fitch has downgraded Genting to the lowest level of investment grade, warning that heavy expansion spending in New York and Singapore will keep leverage elevated for the next three years.

What you need to know

Cambodia will suspend online betting operations run from casino premises nationwide starting in October.
Cambodia is drafting a casino integrity and quality framework to set minimum suitability standards for license renewals.
Fitch downgraded Genting as heavy casino expansion spending in New York and Singapore is expected to keep leverage elevated for three years.

On the radar

Hokkaido advances IR framework, seeks relaxed facility rules.
PH Resorts plans restructuring of Emerald Bay-linked assets.
One in three Macau casino workers report severe anxiety: study.
Orix sees MGM Osaka as long-term, stable cash-flow asset.

AGB Intelligence

CAMBODIA

Cambodia casinos told to halt live online betting from October

Cambodian Prime Minister Hun Manet has ordered a nationwide suspension of casino-based live online betting from October, as the government intensifies its crackdown on technology-related fraud and suspicious financial flows. Authorities will develop stronger legal, regulatory and digital controls during the suspension, with operations allowed to resume only after those safeguards are in place. Casinos breaching the order risk losing their licenses. Cambodia stopped renewing online gambling licenses in 2019, but illegal or residual operations have continued from some casino premises.

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daily ebrief

Written by AGBrief Editorial The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers. More from AGBrief Editorial →