Last summer, the Cambodian government posted new minimum capital requirements for casinos in the country, both to improve the domestic economy and improve management of the gaming industry.
According to the Phnom Penh Post, Sub-Decree No. 166, signed by Prime Minister Hun Sen in August, set the minimum capital requirement for integrated commercial casino resorts at KHR800 billion (US$200 million), and KHR400 billion for other casinos.
A grace period has been added that will allow operators to meet the new requirements, including five phases over 15 years.
Asia Gaming Brief reported the breakdown: Phase 1 (years one to three), KHR50 billion; Phase 2 (years four to six) KHR100 billion; Phase 3 (years seven to 10), KHR200 billion; Phase 4 (years 11 to 14), KH300 billion; and Phase 5, (ongoing from year 15) KH400 billion.
Casinos that can’t meet the new capital requirements will not be issued new business licenses.
