A law to regulate Cambodia’s casino industry, which could be passed this year, is part of a strategy to attract more gaming investment and more tourists, especially from China.
“When the law is enacted, we will not only be able to double revenue from the casino industry but also open the market to direct investment from major investors,” said Ros Phearun of the Ministry of Economy and Finance.
“We had planned to get approval for the bill from the National Assembly in the first half of the year, but we have seen a bit of a delay, so now I hope it will be approved by the end of the year and the tax rate will stay the same as what we impose now.”
Phearun added that the 75 casinos registered as operating in Cambodia during 2015 generated in total US$34.7m in taxes, up a third from 2014.
