Cambodia has a great potential for online gambling business development. Considering this feature, please, pay attention to getting a gambling license in Cambodia and opening an online casino in Cambodia. The Asian gaming industry is always associated with bright lights and resort casinos of Macau. And despite the fact that China is undoubtedly considered to be the largest gambling market in the region, the rest of the Asian jurisdictions are gradually coming to the fore with new opportunities for operators who want to find their place in the gambling scene, especially in the online sphere. After the Ministry of Economy and Finance of Cambodia, as the regulatory authority for the gambling industry, issued additional 10 licenses for casinos, interest from potential gambling businessmen to this country has increased several times. Thus, the number of licensed operators in Cambodia has grown to 75. At the same time, the gambling business in the country shows signs of growth, so in 2013 the income to the state treasury from gambling amounted to 22 million dollars, and last year the amount of income increased to 34 million dollars. New licenses provide an opportunity for development for those who want to register a company for gambling in Cambodia, provided that the person understands the principles of gambling in the country. If you are interested in registering a company for gambling in Cambodia, it is worth noting that interactive gambling has only recently been legalized in Cambodia, and the authorities of the country demand the same license for Internet sites as for “classic” casinos. Moreover, although Cambodia has begun to regulate online gambling activities, the government faces many challenges in order to create strong and confident gambling legislation of the country. In this case, legislation is necessary, as modern casino operators need online promotion in order to interact with their customers regardless of their location and time. Interesting, that the law nominally prohibits gambling except for those licensed by the government, and the prohibition appears even in the very name of the relevant Law: “Law on the suppression of gambling”. Locals are also liable for violating this prohibition. At the same time, official licenses are issued in the country and, moreover, there are de facto semi-legal online casinos in the form of an Internet cafe. Since the legal regulation is only in its infancy, it is impossible to talk about any clear rules for online casino activities. There is no special official body in the country that would regulate this type of business, as well as the established requirements for applicant companies and rules for issuing a license. Online activity is still tied to the territory and a license for online activity is issued as for a gambling house located on the ground. The cost of the license is determined depending on the province in which the gambling activity will take place (therefore, there is a link to the real building where the casino will be located). The cost of the license varies considerably, since it is agreed by the authorized bodies in each particular case, which is a consequence of the lack of transparent legislative rules for this kind of business. And if formerly the state-owned enterprises were licensed at an annual amount of USD 10, 000, now according to our information, the price for a license for gambling activities in the province of Sihanoukville can reach USD 900,000.
As analysts believe, Cambodia will soon come to a stable regulatory framework and to the e-gaming market. This state has great potential for the development of an online gambling platform based on its own legal system. Of course, this is only the beginning of the development of the e-gaming market in Cambodia, but that is why European and American operators are so interested in obtaining a gambling license in Cambodia to open an online casino in Cambodia. In order to avoid unnecessary financial and time costs, contact the experienced IncFine specialists. We will support you in applying for a gambling license in Cambodia, we will accompany you