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.
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.