In a strategic move to diversify investments and preserve cultural integrity, Cambodia’s Prime Minister Hun Manet has announced a ban on the establishment of new casinos in the Kep and Kampot provinces. This ban, however, excludes existing casinos and integrated resorts at Bokor Mountain, as well as Dara Sakor’s casino operated by Century Entertainment.
The Ban’s Objectives
Prime Minister Hun Manet’s decision to prohibit new casino establishments in the southern provinces of Kep and Kampot is driven by multiple objectives. The foremost among these is the diversification of investment. The government intends to attract and promote investments in sectors beyond gambling, particularly in hotel and hospitality, tourism, manufacturing, industry, agriculture, trade, and SEZs. By doing so, Cambodia aims to build a more resilient and varied economic landscape.
Additionally, this move is aimed at enhancing cultural and religious preservation. The government seeks to maintain the cultural integrity of these regions, ensuring that the rapid expansion of the gambling industry does not erode the traditional values and heritage of the local communities.
Ensuring Security and Order
Another critical objective of this ban is to improve security and maintain order in tourist destinations. The proliferation of casinos in certain areas has often been linked to issues such as crime, social instability, and other security concerns. By limiting the spread of casinos, the government hopes to create a safer and more orderly environment for both tourists and residents.
Current Landscape of Cambodia’s Casino Industry
Cambodia’s casino industry has predominantly been concentrated in coastal areas and provinces bordering neighboring countries. According to the Commercial Gambling Management Commission of Cambodia (CGMC), there are 48 casinos in provinces bordering Thailand and 35 along Vietnam’s border. In stark contrast, Phnom Penh, the capital city, houses only one casino. This distribution highlights the regional concentration of gambling establishments, which the new ban aims to address.
Future Prospects
With the ban on new casinos, the government is signaling a clear intent to shift the focus towards sustainable and diversified economic growth. The sectors highlighted for investment—hospitality, tourism, manufacturing, industry, agriculture, trade, and SEZs—present vast opportunities for development. By channeling investments into these areas, Cambodia aims to foster an environment conducive to long-term economic stability and growth.
The emphasis on cultural and religious preservation will likely resonate well with both local communities and international stakeholders. By preserving the cultural heritage and ensuring security, Cambodia is poised to enhance its appeal as a tourist destination, attracting visitors who value both cultural richness and safety.
The ban on new casinos in Kep and Kampot provinces marks a significant policy shift in Cambodia’s approach to economic development and cultural preservation. By steering investments towards diverse sectors and safeguarding cultural and religious integrity, the government aims to create a more balanced and sustainable economic landscape. This move not only aligns with the legislative framework established by the Law on Management of Commercial Gaming but also sets the stage for a future where tourism, hospitality, and other industries can thrive alongside the existing gambling establishments.