During the plenary session of the Council of Ministers under the chairmanship of Samdech Akka Moha Sena Padei Techo HUN SEN, the Prime Minister of the Kingdom of Cambodia this morning discussed the "Draft Law on Business Gaming."
In accordance with the Law on the Suppression of Gambling in 1998, the Royal Government has set up a casino business in the Kingdom of Cambodia outside the 200km radius of Phnom Penh, with the focus on Wat Phnom, except the border area of Bokor Mountain and Kirirom Resorts and not allowed. The purpose of the Royal Government's permit to allow casinos outside of Phnom Penh is 200 km:
- Develop border areas, former battle areas, landmines, malaria areas, undeveloped and uninhabited areas.
- Protecting the border belt through the construction of strong buildings, longevity and increasing population resettlement.
- Support tourism development and job creation for citizens.
- Creating a source of national budget revenue.
In practice, the Royal Government has faced many difficulties in attracting private investment in this area in remote areas without infrastructure, water, electricity and human settlements. And so forth.
However, under the efforts of the Royal Government and investor confidence in the Government, a number of national and international investors started the casino investment in Poipet during 1999. In the face of increasing activity in the sector, the Royal Government has also been pushing for the management of the gambling sector based on a number of legal instruments such as the Law on the Suppression of Gambling, Resolutions, and the Government's Circular, Prakas of the Interim Charge books, etc.
As a legal aspect, Article 1 of the Law on the Suppression of Gambling, enacted on January 26, 1996, paves the way for the Royal Government to grant business licenses in Cambodia. Under the Royal Government's efforts to maintain political stability, promote security and build national economic infrastructure, which has resulted in a steady increase in investor confidence in the Royal Government over the years, several national and international investors also Invest in the casino sector in an authorized area.
Worldwide reality shows that commercial games are run in many regions and countries of the world, either in formal or informal form. As a result, more and more governments of countries have officially recognized the gambling trade by establishing a legal framework to put the sector under the legal and regulatory framework. At the same time, many countries view and turn commercial games as entertainment and tourist attractions because, as with the products of other manufacturing sectors, tourism is under intense pressure to compete in addition to the potential of nature. . In the meantime, commercial gaming sites, which include hospitality, restaurants, shopping malls, hotels, sports centers, entertainment centers and convention centers or from tax-free shops, etc. Established as an Integrated Resort, globally recognized as a major source of income, employment, and employment of many types of smoke-free industries and contributing to economic growth. The Gaming Regulations are designed to enable the sector to operate under a transparent legal framework. The Draft Law and its related legal and strategic policies will allow for a strict and efficient management of the casinos and other gambling businesses by limiting the minimum amount of capital available for the casino business. Commercial games should be allowed or should not be allowed, strengthening the institutional capacity and equipping appropriate technology for regular monitoring of the operations of commercial game operators.
In the context of the draft law, there are also mechanisms for dealing with issues related to counterterrorism and money laundering. Within this framework, the Royal Government can also set up cooperation mechanisms with bilateral and multilateral stakeholders to manage and address concerns related to casinos and gambling. Therefore, the effective implementation of this law will strengthen the management of casinos and gambling, which will benefit the national economy and the Cambodian people by creating appropriate institutional mechanisms aimed at strengthening Security, security, order and social order and international cooperation with relevant partners.
Overall, trading operators are allowed in the broader context of tourism promotion, employment opportunities, and income, especially in connection with the development of Equine Trading Center, a new concept of economic development for Cambodia.
The Draft Law on "Business Gaming" was developed in collaboration with the Ministry of Economy and Finance and the Ministry of Interior for more than 9 years with private sector consultative meetings With the Council of Ministers, members of the Council of Ministers, the Council of Ministers, the Ministry of Justice, and the Inter-Ministerial Meeting of the Council of Ministers, there have been 55 meetings.
The draft law consists of 12 chapters and 97 articles which apply to the Equator and Gambling Business Center in the Kingdom of Cambodia and is intended to guarantee the management of the Equator and Gamble Trading Center to contribute to economic growth. Promote tourism, generate income, secure employment and social security.
The purpose of this law is to ensure the management of the Equity and Business Game Center to contribute to economic growth, promote tourism, generate employment, secure income, and social security by setting the rules, rules and procedures for managing the Equity Trading Games The rights and obligations of natural persons and legal entities to operate directly or participate in commercial games and determine ownership of commercial gaming, equities and commercial gaming establishments and establish gaming facilities. Business, Integration, and Gambling Trade of the Kingdom of Cambodia.
This law is applicable to commercial and equestrian gambling centers in the Kingdom of Cambodia.
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