Phnom Penh has moved to revoke several casino licences, primarily due to their association with convicted money launderer and human trafficker Chen Zhi. The CEO of Prince Group, Chen Zhi, is a central figure in this significant government crackdown. This action highlights Cambodia’s renewed efforts to tackle organized crime and enhance its international image.
Cambodia Revokes Casino Licences: A Closer Look
Seven casino licences have been rescinded. These revocations specifically target operations in Koh Rong and Koh Kong. Officially, the Cambodian government cited a failure to activate licences and meet operational deadlines. However, sources suggest the true motivation behind these moves is the illicit connections to Chen Zhi.
Prime Minister Hun Manet has directed relevant ministries to review all existing casino licences. A particular focus is being placed on those linked to Prince Group entities. This comprehensive review underscores the seriousness of the situation. It also indicates a broader strategy to cleanse the industry.
The Shadow of Chen Zhi and Prince Group
Chen Zhi, a prominent figure in Cambodia’s business landscape, faces serious criminal charges. He was convicted in absentia in Cambodia for money laundering and human trafficking. The court sentenced him to life imprisonment. Despite his conviction, Chen Zhi reportedly continues to operate internationally. His primary base locations are Singapore and Malaysia. He is also subject to an Interpol Red Notice.
Investigations have linked Chen Zhi and his Prince Group to various illegal activities. These include widespread illegal online gambling operations. The group is also reportedly involved in sophisticated crypto scams and “pig butchering” scams. These scams often trick victims into investing in fraudulent schemes. Prince Group has a substantial footprint in Cambodia. Its operations span real estate, hospitality, finance, aviation, and media sectors. The group has also cultivated connections with high-ranking Cambodian officials.
Government Crackdown and International Pressure
These licence revocations in Cambodia are part of a larger push against transnational crime. Cambodia has faced increasing international pressure. Reports of forced labor and human trafficking within scam compounds have grown. Many victims are lured to Cambodia under false pretences. They are then forced to work in illegal online operations. This crackdown aims to address these serious human rights concerns. It also seeks to restore international confidence.
The Cambodian government previously banned online gambling in 2019. This earlier measure was an attempt to curb illegal activities. However, the issue persisted, evolving into more complex criminal enterprises. The current enforcement actions signal a more aggressive stance. They demonstrate a commitment to rooting out corruption and illicit operations within the casino sector. This move is crucial for the nation’s reputation and economic stability.
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