According to figures cited by local media and attributed to the Commercial Gambling Management Commission of Cambodia (CGMC), total mandatory revenue reached nearly KHR290.74 billion (US$72.4 million) for the year.

Expanding Licensed Market and Regulatory Oversight

As of December 31, Cambodia had 195 licensed casinos in operation, with 160 located in Preah Sihanouk province — the country’s primary coastal gaming hub. The concentration of properties in this region continues to reinforce its strategic importance within Cambodia’s regulated gaming landscape.

Authorities have reiterated their commitment to regulatory compliance under the Law on Commercial Gambling Management. The CGMC indicated that operators found in violation of applicable regulations could face administrative sanctions, including warnings, fines, licence suspensions or revocations.

Last week, the regulator announced the suspension and revocation of five casino licences, reflecting ongoing enforcement efforts aimed at maintaining industry integrity and strengthening governance standards.

NagaWorld Leads International-Standard Segment

The country’s flagship integrated resort, NagaWorld in Phnom Penh, remains the best-known internationally branded gaming property in Cambodia. The resort is operated by NagaCorp Ltd, a Hong Kong-listed company.

In August, NagaCorp reported a net profit of US$148.8 million for the first half of 2025, a sharp turnaround from a US$963,000 loss in the comparable period a year earlier. The improved performance was supported by a 16.8 percent year-on-year increase in revenue, highlighting strengthening demand in the capital’s premium gaming segment.

Regional Dynamics and Tourism Flows

Cambodia’s gaming performance comes amid evolving regional travel dynamics. A trial visa-free entry scheme for Chinese travellers, scheduled to run from June to October this year, is expected to facilitate additional inbound tourism.

At the same time, China has continued its campaign against cross-border gambling involving its citizens, issuing public warnings through diplomatic channels across Asia-Pacific ahead of Chinese New Year. Within China, casino gambling remains legal only in Macau.

Despite these external factors, Cambodia’s 2025 revenue growth and sustained licensing framework point to a gaming sector that is consolidating its regulatory structure while maintaining positive fiscal momentum.