Cambodia’s new casino regulation bill to be ready this year

Casino Review Cambodia
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A bill to regulate the management of the casino industry in Cambodia should be approved this year, said Ros Phearun, an official from the country’s Ministry of Economy and Finance.

 

[dropcap]T[/dropcap]he Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators. According to reports, there are currently 65 casinos in operation with the most high-profile casino property being NagaWorld, in Phnom Penh. Many premises border neighbouring countries where casino gaming is illegal, including a concentration of properties  in the northwest of the country, near the border with Thailand.

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It was reported in October that members of the Cambodian government had met with representatives from the gaming sector and produced a draft document that reportedly proposed the establishment of a regulation committee.

Casinos currently pay a flat tax on gaming machines and tables at a rate negotiated with the operator rather than casinos being required to collect a tax from player wagers.

Cambodia’s tax takings from casinos rose 35.5 percent year-on-year to $37.4 million in the first nine months of 2016.

Meanwhile, the Cambodian government is planning to introduce new rules to curb illegal online gambling in the country.


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