Cambodia generated over $63 million in tax revenue from gambling operations and games of chance in 2024, marking an increase of approximately 85% over 2023.

Of the total, over $62.1 million came from casinos, while more than $1 million was derived from other game of chance activities, according to data collected by the Commercial Gambling Management Commission of Cambodia (CGMC).

At present, the Kingdom has nearly 200 licensed casinos, most of which are located in provinces bordering Thailand and Vietnam, as well as in Preah Sihanouk province. The only exception is NagaWorld, located in Phnom Penh, according to CGMC.

Hong Vanak, an economic researcher at the Royal Academy of Cambodia, emphasised that any source of national revenue is crucial for the country’s economy. However, he noted that due to the significant social impacts of gambling, effective management of gambling venues, players and revenue sources, along with a restriction on further expansion of casinos, is essential.

He cautioned that the $63 million in revenue does not account for the broader social impacts. In some cases, the balance between revenue and societal consequences may result in net gains being lower than expected.

“Therefore, the number of casinos we currently have should not increase, even for online gambling or foreign-operated casinos. Whether or not it is only foreigners that are allowed play at the casinos, the social impacts will ultimately affect our country,” Vanak said.

Regarding lotteries, an alternative name for games of chance, and other forms of gambling, Vanak argued that these should be state-controlled to ensure fairness and transparency.

He suggested that private or foreign entities should not be permitted to operate any kinds of games of chance, noting that this would prevent funds from flowing out of the country.