The Khmer Times newspaper cited the source of the information as Ros Phearun, a senior official of that country’s Ministry of Economy and Finance. The official indicated one aim was to attract a greater amount of international investment in Cambodia’s gaming industry.
According to the Khmer Times, the proposed law authorises the government to set up a body to review casinos’ internal financial controls and promote the prevention of money laundering and prevention of other criminal activities.
Reports of imminent casino regulation have been circulating for several years. In June 2014, the Phnom Penh Post newspaper had reported that a draft of what it termed a "national casino law” was to have been finalised that year.
Currently, licences and the terms of such licences are issued by the authorities on a case by case basis.
"There would not be delays at the cabinet-level for the approval of the draft law because we have incorporated lots of inputs from all concerned ministries and parties,” said Phearun as quoted by the Khmer Times.
"The draft law which was finalised by joint technical teams from the Ministry of Economy and Finance and the Ministry of Interior will now be submitted to the government’s cabinet within this month,” Phearun added.
Source: GMB / GGR Asia
