Cambodia Casino is struggling even after covid-19

Cambodia Casino is struggling even after covid-19

Casinos in Cambodia seem to have more time than the others to recover after the Covid-19 pandemic.

Cambodia was one of the first countries in the Southeast Asia region to open their borders back, but somehow the country still experiencing a major shortage of tourists.

And currently, there are only 20 casinos that are operating. This is out of more than 200 that held a license as of 2021. As a result, Cambodia first closed its land-based casinos in March 2020.

The Cambodian government saw a drop in revenue from commercial gambling during the first half of 2022 and the results are far below their expectation.

In the first six months of 2022, the 20 casinos only contributed a fraction of the amount. Of the 8% of the gambling segment turned over to the government, most came through lotteries and raffles.

From 2019 to 2020, casino tax revenue has lost 53%. The MIRCG arrived in the country around November 2020 as a mechanism to help Cambodia recover, in part, some of the losses.

However, because of a lack of casino gambling last year and considering the shortfall from the first half of this year, it appears that recovery is still a long way off.

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