Cambodia’s Casino Crackdown Hasn’t Stopped $1.07 Billion in Crypto Flows

USDT on TRON accounted for 99.9% of crypto received by Sihanoukville casinos. Casinos in Sihanoukville, Cambodia, received around $1.07 billion in cryptocurrency between January 1 and September 7, 2026, despite a government crackdown on scam compounds and international sanctions against linked networks, according to blockchain intelligence firm TRM Labs. The report said 34 in-person casinos in the coastal city received the funds during the period. Casinos linked to networks designated by the US Treasury’s Office of Foreign Assets Control (OFAC) accounted for $687 million, or 64% of the total. US Sanctions, Closures and Raids TRM Labs found that crypto continued to reach sanctioned casino operators months after the US authorities announced their designations. From April 23 to September 7, entities linked to Xihu Resort Hotel received $184 million. Entities attributed to Huan Hai Bo Lai International Investment received another $129 million during the same period. A casino associated with Jin Bei Group received $9 million after the October 2025 designation of the Prince Group and related entities. Despite the continued flows, monthly crypto inflows appear to have declined. Casinos re...