Place Your Bets: Cambodia's Casinos to Reopen Soon
Posted: Sat Jul 04, 2020 9:26 pm
Schools remain closed, but casinos are reopening. However, tourist visas are currently not being issued for Cambodia, land borders are closed, and local people are not permitted to gamble in casinos. Where will the gamblers come from ?
Watch this space.
Cambodia’s casinos cleared to reopen with medical precautions
By Steven Stradbrooke
23 hours Ago
Cambodia’s casinos have been cleared to reopen provided they observe strict health requirements aimed at minimizing further COVID-19 transmission.
On Friday, Cambodia’s Prime Minister HE declared that casinos would be allowed to reopen provided they obtain the approval of Ministry of Health officials. A government spokesman announced the PM’s decision in a Facebook post following the government’s weekly cabinet meeting.
Cambodia’s casinos, including NagaCorp’s NagaWorld facility in Phnom Penh and the smaller gaming venues in border areas such as Bavet and Poipet as well as the once-thriving Sihanoukville region, were all ordered closed on April 1 as the government attempted to flatten its COVID-19 curve.
The medical measures that casinos will be required to impose weren’t specified in the report. The government has reportedly promised unspecified tax breaks for the country’s casino operators, which could end up benefiting their rank-and-file staff, many of whom have struggled financially during their COVID-19 furloughs.
The reopening can’t come quickly enough for Donaco International, which runs the Star Vegas casino in Poipet. The struggling company announced Friday that it was in “urgent need of capital” due to COVID-19 and was looking to raise AU$14.4m (US$10m) via a “fully underwritten pro rata non-renounceable entitlement offer.”
Cambodia’s cabinet also reportedly approved a draft of the country’s long-delayed gambling law, which the government has been working on for nearly a decade without any tangible sign of progress. The draft, which has yet to be submitted to the legislature, reportedly underwent some revisions by the cabinet, the details of which have yet to be revealed.
https://calvinayre.com/2020/07/03/casin ... ecautions/
Watch this space.
Cambodia’s casinos cleared to reopen with medical precautions
By Steven Stradbrooke
23 hours Ago
Cambodia’s casinos have been cleared to reopen provided they observe strict health requirements aimed at minimizing further COVID-19 transmission.
On Friday, Cambodia’s Prime Minister HE declared that casinos would be allowed to reopen provided they obtain the approval of Ministry of Health officials. A government spokesman announced the PM’s decision in a Facebook post following the government’s weekly cabinet meeting.
Cambodia’s casinos, including NagaCorp’s NagaWorld facility in Phnom Penh and the smaller gaming venues in border areas such as Bavet and Poipet as well as the once-thriving Sihanoukville region, were all ordered closed on April 1 as the government attempted to flatten its COVID-19 curve.
The medical measures that casinos will be required to impose weren’t specified in the report. The government has reportedly promised unspecified tax breaks for the country’s casino operators, which could end up benefiting their rank-and-file staff, many of whom have struggled financially during their COVID-19 furloughs.
The reopening can’t come quickly enough for Donaco International, which runs the Star Vegas casino in Poipet. The struggling company announced Friday that it was in “urgent need of capital” due to COVID-19 and was looking to raise AU$14.4m (US$10m) via a “fully underwritten pro rata non-renounceable entitlement offer.”
Cambodia’s cabinet also reportedly approved a draft of the country’s long-delayed gambling law, which the government has been working on for nearly a decade without any tangible sign of progress. The draft, which has yet to be submitted to the legislature, reportedly underwent some revisions by the cabinet, the details of which have yet to be revealed.
https://calvinayre.com/2020/07/03/casin ... ecautions/
