Cambodian NA approves bill on commercial gaming management
The National Assembly of Cambodia on October 5 adopted a draft law on commercial gaming management, which aims to put casinos and other gaming facilities in the country under control.
Phnom Penh (VNA) - The National Assembly of Cambodia onOctober 5 adopted a draft law on commercial gaming management, which aims to putcasinos and other gaming facilities in the country under control.
According to Cambodian Economy and Finance Minister Aun Pornmoniroth, 114lawmakers attending the parliamentary session unanimously approved the bill.
Hesaid the bill sets a minimum capital for the investment in a casino andprovides measures to combat money laundering and terrorist financing.
"The law is aimed at further strengthening the management of commercialgaming facilities in Cambodia so as to contribute to boosting economic growth,promoting tourism, increasing tax revenue as well as maintaining social safetyand security," he said at the session.
InCambodia, casinos are licensed to operate in order to help attract foreigntourists, while local residents are not allowed to gamble in the casinos.
A total of 193 casinos have been licensed in the country so far./.
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