The Commercial Gambling Management Commission of Cambodia ("CGMC") issued an Instruction on Strengthening the Management of Game-of-Chance Operations within Cambodia on February 19, 2024.
The primary purpose of this instruction is to outline the responsibilities of licensees of games of chance and the legal consequences that will be enforced by the appropriate authorities in the event of any breach of the licensing requirements and regulatory framework.
Scope
This Instruction pertains to the proprietors of game-of-chance licenses, game-of-chance branch licenses, and game-of-chance service station permits ("License Holders") and is applicable to all game-of-chance business operations conducted in Cambodia.
Obligations
The License Holders are required to adhere to the subsequent fundamental obligations:
Non compliance
Failure to adhere to the specified responsibilities or engage in unauthorized operation of chance games shall result in the following consequences for the License Holder: (i) citation of transitional penalties in accordance with the Law on Commercial Gambling; (ii) suspension and revocation of the license or permit; and (iii) punitive measures as stipulated in the Law on Illegal Gambling Suppression.
Competent authorities
The competent authorities entrusted with the authority to enforce unlawful operations involving games of chance are as follows:
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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