Cambodia revokes 18 gaming licenses linked to Prince Group and freezes $300 million in anti-fraud crackdown

Cambodia has revoked 18 gaming licenses tied to the Prince Group network of Chinese billionaire Chen Zhi and frozen $300 million in accounts as part of an anti-fraud push. For high-risk PSPs, the point is straightforward: when a jurisdiction starts cutting off licensed gaming rails and freezing funds at this scale, counterparty and settlement risk stops being theoretical.

1. Cambodia revoked 18 gaming licenses linked to Prince Group, the network associated with Chinese billionaire Chen Zhi. The move directly affects gaming operations tied to that structure, not just the holding company in the abstract.
2. Authorities also froze $300 million in accounts. For PSPs and acquirers, that is the operational detail that matters: once accounts are frozen, settlement, reserves, and merchant continuity can all become immediate questions.
3. The action was described as part of a crackdown on fraud accounts. In practice, that puts the focus on source-of-funds controls, merchant due diligence, and how quickly exposed payment flows can be interrupted when regulators decide to move.