Cambodia is now turning into a popular Asian destination for casino gamblers. Due to this, Cambodian casinos are increasing in number, contributing more in revenues to the country’s economy.
Thousands of foreign citizens, mostly from Thailand, Vietnam and China flock to Cambodia’s 150 casinos on an annual basis. The country has the highest number of casinos in the Southeast Asian region, followed by Laos, Myanmar & the Philippines.
The Phillipines, Laos, Thailand & Myanmar have all established laws that ban its citizens from indulging in gambling. Cambodia, which has anti-gambling laws for decorative purposes, has taken advantage of this, transforming into a regional betting hub.
In Asia alone, the entire casino industry is worth over $51B. Cambodian casinos are generating a huge chunk of this figure on their own.
Gaming establishments are generating millions of USD in tax revenue for the Cambodian government on an annual basis. But they’ve increasingly come under fire for causing a multitude of devastating social problems.
Cambodian casinos increased manifold during 2018.
During 2018 alone, the Cambodian government granted over 52 Cambodian casinos, their gaming licenses. This brings the total figure to over 150 casinos.
This is around a 53% growth from 2017, back when Cambodia only had around 98 casinos. There’s been a massive growth in Chinese tourist numbers, boosting demand levels, which has precipitated this growth.
Over 1.6M Chinese tourists landed in Cambodia last year in 2018, which was over 26% of the total foreign tourist arrivals to Cambodia in 2018.
Over 90 out of all 150 Cambodian casinos happen to be located in Sihanoukville, a coastal region. Poipet, located near the Thailand border & Bavet, located near the Vietnamese border host over 10 gaming casinos each.
With more that 1658 suites and rooms, Phnom Penh’s NagaWorld happens to be Cambodia’s largest casino. NagaCorp holds a controlling stake in NagaWorld, which has been granted exclusive rights for operating casinos within a 200 km range of this city. However, this deal expires in 2035.
Other well-known Cambodian casinos include Thansur Sokha Hotel in Kampot, Dara Sakor Seashore Resort Casino in Koh Kong, Golden Sand Hotel & Casino in Sihanoukville, Queenco Hotel & Casino, Fortuna Hotel & Casino, Le Macau Hotel & Caasino, Las Vegas Sun Casino, Lucky Ruby Border Casino, Star Vegas Casino in Poipet, Poipet Resort Casino and Holiday Palace Casino & Resort.