# Cambodia 2021 Gambling Act Raises Casino Permits to 87
#

Cambodia's Commercial Gambling Control Board (CGMC), the government agency that regulates the country's gambling market, has reportedly issued a total of 87 casino licenses since 2021, when the gaming law took effect. As reported by the IAG, Kim Oudam, the head of the regulator, stated that the reduction in the number of licenses proves the efficiency of CGMC's commitment to maintaining strict control over the country's gambling industry.

Casino operators down from 200 to 87:

Kim Odam, deputy director of Cambodia's Commercial Gambling Management Commission (CGMC) legal and licensing department, reportedly addressed the topic during a panel session at the IAG Academy Summit on Sept. 13, 2023. According to the IAG, Kim presented data on the current number of licenses and said the 87 casino licenses awarded since 2021 had significantly reduced more than 200 casinos operating in Cambodia before the 2021 bill was passed.

According to the report, a CGMC representative said, "Before, the number of casinos in Cambodia was much higher. Previous laws could not easily reduce the number of casinos invested in Cambodia, but this new law has strict conditions regarding the requirements."

He reportedly said: "The government has been phasing out [licenses] in line with capital because under the new law there would have to be $100 million in capital for ordinary casinos and integrated resorts. This means many smaller casinos are closing because the new law cannot be complied with."

Gaming Act 2021:

As reported by the IAG, Cambodia's gaming industry has long awaited a casino bill. The spread of smaller casinos seems to have kept Cambodia out of control of the industry, and many casinos have given the opportunity to reduce the amount that will be donated to state funds. The long-awaited bill was signed into law in 2021 as a law on integrated resort and commercial gambling management, which covers various gambling regulations.

Market control and tax collection:

The 2021 Gambling Act also stipulated detailed market controls under CGMC authority and reportedly divided Cambodia into three gaming zones that banned, allowed or favored gambling activities. The law also reportedly stipulated a new tax regime for VIP and public market gross gaming revenues and set them at rates of 4% and 7%, respectively. Kim also reportedly said casino operators are now obliged to report their total monthly revenue and donate their monthly taxes under the law. [바카라사이트](https://www.outlookindia.com/outlook-spotlight/2023년-한국을-대표하는-카지노-사이트-best-10--news-326663
)