Cambodian Casino License Boom in 2018

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A10
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Re: Cambodian Casino License Boom in 2018

Post by A10 »

The problem with the argument in freedom of choice in everything, is that people too often use their freedom of choice to sell themselves into bondage after promises of "no harm" are made.
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Re: Cambodian Casino License Boom in 2018

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A10 wrote: Sun May 05, 2019 6:04 am The problem with the argument in freedom of choice in everything, is that people too often use their freedom of choice to sell themselves into bondage after promises of "no harm" are made.
What is a better option? When governments decide arbitrarily what freedoms you may have invariably those freedoms are curtailed not for the benefit of the people but for the benefit of the ruling class.
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Re: Cambodian Casino License Boom in 2018

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Anthony's Weiner wrote: Sun May 05, 2019 6:42 am
A10 wrote: Sun May 05, 2019 6:04 am The problem with the argument in freedom of choice in everything, is that people too often use their freedom of choice to sell themselves into bondage after promises of "no harm" are made.
What is a better option? When governments decide arbitrarily what freedoms you may have invariably those freedoms are curtailed not for the benefit of the people but for the benefit of the ruling class.
I don't know what the better option would be. I only know that freedom of choice often results in disastrous consequences, even when the choice seems fine at the time. My entire family got hooked on cigarettes during the "My doctor recommends smoking xx brand", it's good for you, so I'm always wary of the "so long as it does no harm" mantra, because we really don't know the whole picture.
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Re: Cambodian Casino License Boom in 2018

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OTH if you prohibit things there are often unintended negative consequences.

When China had the 1 child policy, the chinese figured if they can only have one, better to have a boy so they aborted female foetuses. Then, there was a huge imbalance of males to females such that chinese men had to go find child brides in other countries like Cambodia.

Then there was alcohol prohibition in the US. Didn't that just generate bootlegging and contraband?

When the State of Victoria, Australia had a ban on poker machines in the 1980s and it encouraged 'pokie' bus tours to New South Wales where they were legal.

Personally I would favour banning pokies and casinos even it encourages gambling to go underground but I reckon it won't happen as these are big revenue spinners for governments.
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Re: Cambodian Casino License Boom in 2018

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I hear the junket operators are setting up now. The high rollers are on their way!


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Re: Cambodian Casino License Boom in 2018

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clutchcargo wrote: Sun May 05, 2019 10:10 am OTH if you prohibit things there are often unintended negative consequences.

When China had the 1 child policy, the chinese figured if they can only have one, better to have a boy so they aborted female foetuses. Then, there was a huge imbalance of males to females such that chinese men had to go find child brides in other countries like Cambodia.

Then there was alcohol prohibition in the US. Didn't that just generate bootlegging and contraband?

When the State of Victoria, Australia had a ban on poker machines in the 1980s and it encouraged 'pokie' bus tours to New South Wales where they were legal.

Personally I would favour banning pokies and casinos
even it encourages gambling to go underground but I reckon it won't happen as these are big revenue spinners for governments.
Why not just abstain from casinos and pokies? Why the urge to impose your values or likes and dislikes on others. Casinos and gambling are against the law in Thailand. If a gecko is climbing up the wall and two Thais see it, they will wager on how long it takes. Marijuana was illegal since long before I was a teenager, it never prevented me from smoking it. Many people kill themselves when they get into debt and lose everything, I wouldn t think outlawing debt the solution. Gambling, alcohol, drugs ( recreational or prescription) all are harmful if taken to excess. So would be eating nothing but broccoli, people are going to do what they want to do, I am not saying there should be no laws, but my body, my choice seems a fair way to live once your an adult.
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Re: Cambodian Casino License Boom in 2018

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Anthony's Weiner wrote: Sun May 05, 2019 9:39 pm
clutchcargo wrote: Sun May 05, 2019 10:10 am OTH if you prohibit things there are often unintended negative consequences.

When China had the 1 child policy, the chinese figured if they can only have one, better to have a boy so they aborted female foetuses. Then, there was a huge imbalance of males to females such that chinese men had to go find child brides in other countries like Cambodia.

Then there was alcohol prohibition in the US. Didn't that just generate bootlegging and contraband?

When the State of Victoria, Australia had a ban on poker machines in the 1980s and it encouraged 'pokie' bus tours to New South Wales where they were legal.

Personally I would favour banning pokies and casinos
even it encourages gambling to go underground but I reckon it won't happen as these are big revenue spinners for governments.
Why not just abstain from casinos and pokies? Why the urge to impose your values or likes and dislikes on others. Casinos and gambling are against the law in Thailand. If a gecko is climbing up the wall and two Thais see it, they will wager on how long it takes. Marijuana was illegal since long before I was a teenager, it never prevented me from smoking it. Many people kill themselves when they get into debt and lose everything, I wouldn t think outlawing debt the solution. Gambling, alcohol, drugs ( recreational or prescription) all are harmful if taken to excess. So would be eating nothing but broccoli, people are going to do what they want to do, I am not saying there should be no laws, but my body, my choice seems a fair way to live once your an adult.
As I referred to earlier in my original post, I'm generally against prohibition in principle as people will generally find a way around it and there are often bad/unintended consequences like the examples I gave.

Having said that, over time I've come to think that pokies and casinos cause a lot of misery in that they are organised industries, often run by companies making money for shareholders and governments seeking revenue at the expense of a lot of unfortunate, addicted gamblers. Look at what is going on in Casinoville with its associated organised crime and mafia. Guys suiciding off buildings, drugs, vice etc As I said, if banned, gambling would probably go underground to an extent but I believe it would not be as organised or on the same scale if it was not sanctioned and legitimate. That's my opinion FWIW. AFAIK it's OK to exchange ideas and opinions on here.

Yeah I do abstain from those things. Sure, I gave a personal view that I favour banning them...but to suggest I'm urging to impose my values on others, I think is drawing a long bow imo. Others are most welcome to argue an opposing view :beer3:
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Re: Cambodian Casino License Boom in 2018

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Cambodia still has some way to go. The Philippines lead the way in the Asian gaming market, second only to Macau.

Philippine Dream
By Michael Zhu Mon, Apr 22, 2019

In Asia, the Philippines are second only to Macau for total gaming venues. The signs point to continuing growth, if the market remains stable.

Land-based casino gaming in the Philippines was legalized in 1976 by then President Ferdinand Marcos with the creation of the Philippine Amusement and Gaming Corporation (PAGCOR), a government-owned and controlled entity and the de facto gaming regulator in the country.

The regulatory agency was formed to intervene in the proliferation of unlicensed casinos and underground bookmaking operations that conducted games of chance in a rampant manner. Since the establishment of PAGCOR, the industry has grown steadily, and has successfully secured its position among the top three gaming markets in Asia.

Full article: https://ggbmagazine.com/article/philippine-dream-2/
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Re: Cambodian Casino License Boom in 2018

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whatwat wrote: Sun May 05, 2019 11:54 am I hear the junket operators are setting up now. The high rollers are on their way!


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Suncity, Guangdong Group VIP biz in Sihanoukville, Cambodia

May 07, 2019

Two of Macau’s major gambling junket brands have confirmed to GGRAsia involvement in VIP gaming room operations at the same beachside resort in Sihanoukville, Cambodia.

Privately-held Suncity Group – said by investment analysts to be the largest single contributor to rolling chip volume in the Macau VIP market – told us it was having a soft launch on Tuesday for a new VIP club on the second floor of the Xihu Resort Hotel, a venue with a casino. The high-roller club is branded as “XiGang International Suncity VIP Club”, GGRAsia was told by the junket firm.

A source at another major Macau junket firm, Guangdong Group, confirmed to GGRAsia that it opened a VIP club at the same resort in early April.

Many international media outlets have reported recently on the high level of Chinese investment in Sihanoukville: some of it in general real estate and some of it in gaming operations.
http://www.ggrasia.com/suncity-guangdon ... -cambodia/
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Re: Cambodian Casino License Boom in 2018

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July 19, 2019
Regional gaming summit to be held in Cambodia
Gaming industry players in the Mekong Region will be descending on Cambodia in a few months for one of the biggest regional events of the industry in the last few years.

Ros Phirun, director-general of the Ministry of Commerce, confirmed in an email yesterday that Cambodia will be the venue of the Mekong Gaming Summit.

The event will be held at Sofitel Phnom Penh Phokeethra on September 10-12.

During the last day, participants will have the chance to join a trip to Sihanoukville, where Cambodia’s gaming industry is concentrated.

According to the official website of the Regional Gaming Summit, the event will be an opportunity for participants to learn more about the gaming industries in the region (both land-based and online) and the investment opportunities they present.

It will also give them the opportunity to meet potential business partners.

There are vibrant gaming industries in Cambodia and other Mekong countries. In Cambodia, for instance, the government has so far approved 184 licenses to operate casinos and is expected to pass soon a new law governing gaming and related activities. While mostly legal, these industries are heavily regulated and, in some countries, locals are not allowed to play or gamble in casinos.
https://www.khmertimeskh.com/50625274/r ... -cambodia/
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