The Commercial Gambling Management Commission of Cambodia (CGMC) will have an onsite office at each of the licensed casinos in that nation, as part of the regulator’s effort to enhance its oversight work. That is according to a memo from Rajah & Tann Sok & Heng Law Office, a legal practice within the country, citing a statement issued by the regulator.
As of January, there were 10 licensed casinos identified by CGMC, the law firm noted in the memo.
The casino at NagaWorld – a resort complex with a monopoly licence for the Cambodian capital Phnom Penh, and which is controlled by Hong Kong-listed NagaCorp Ltd – was among the 10 licensed sites, according to the law firm. So is DNA Star Vegas, a casino on Cambodia’s border with Thailand at Poipet, run by Australia-listed Donaco International Ltd.
GGRAsia has approached the commission, and separately NagaCorp, asking for their comment on the matter.
The law firm’s commentary is by managing partner Heng Chhay, and deputy managing partner Tiv Sophonnora. It cited a notification issued by the Cambodia casino regulator on December 17, saying there would be an “onsite CGMC office” at each licensed venue, to “reinforce the efficiency of the administrative process” for casino-operations supervision.
The regulator’s update said such offices would help operators in meeting their compliance obligations, according to the law practice. Some form of “online supervision” might be introduced in the near future, added the regulator, as cited by the law firm.
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Cambodia regulator to have onsite office at licensed casinos: law firm
