Cambodia Revokes Casino Licenses Linked to Prince Group in Anti-Scam Crackdown
Cambodian authorities have revoked 18 casino licenses associated with the Prince Group and frozen over $300 million in assets as part of an international effort to combat online fraud.
According to reports from Khaosod Online and The Straits Times, the Cambodian government has taken significant action against online scam networks by revoking the licenses of 18 casinos linked to the Prince Holding Group. Chay Sinarith, head of the Cambodian Committee for Countering Online Scams, announced that the government is collaborating with the FBI and Interpol to dismantle transnational criminal networks. In addition to the license revocations, authorities have frozen bank accounts containing over $300 million and seized substantial real and personal property. These measures follow recent U.S. sanctions targeting individuals and entities associated with the Prince Group, founded by Chen Zhi and Li Guang. An additional 10 casino licenses have also been suspended as part of this ongoing investigation. For residents and travelers, this crackdown highlights a period of heightened law enforcement activity regarding the gaming and financial sectors in Cambodia. While the government has demonstrated a commitment to international cooperation, the full extent of the criminal network and the potential for further regulatory actions remain to be confirmed. Observers should monitor official updates as the investigation into these entities continues.
