Cambodia enacts new laws related to gambling.

[fiulpro]

So a good news for all the players from Cambodia , the government is now enacting new laws to make the games more fair for the people. The tax on gaming will be 4% and 7% will be on recreational gaming , which is much less than other countries.
https://www.gamblingnews.com/news/cambodia-introduces-and-enacts-new-gambling-law/
The gambling committee will further look into that matter and at the same time this would mean that players will get  a better and fair play which would inturn 11 government ministers who will actually form this law.
They will have a specific favoured zone in which gambling will be permitted. Now these conditions won't just be fair for the government but it would be fair for both the people and the companies involved.
This is a much needed step which every country needs to take soon.

A new watchdog known as the Integrated Resort Management and Commercial Gambling Committee will be in charge of enforcing the new regulation.

The watchdog will include 11 government ministers to be shortlisted and approved soon. Cambodia will now designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.

The country will also assign a special “favored zone” status, which means that the government may permit gambling operations there in future.

Cambodia’s new regulatory framework is a first attempt by the country to enforce laws that allow authorities to regulate gambling with fairness and seek fairer gaming conditions for everyone.

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

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[Sithara007]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

[shoreno]

What are your thoughts on this ?

my thoughts are positive on this one . i dont know what they have eaten on why they decide to make gambling better on thier country but i think they see the benefits on gambling that it can help the country during these pandemic times . they didnt think twice for making it happen but we gamblers can assure them that they have done the right choice .

Should such actions be taken by other countries too ? What's stopping them though?

yes of course this is a great step towards gambling and i dont see a reason why would every other countries will do it but whats stopping them could be thier greedy governance thinking that they can be able to get less tax than what they are getting before .

[reliable]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

This is something what is quite failed to understand that why not legalize country and get the benefits to economy via taxes. If it is related to religion which states ban then those people would not play else instead of users gambling offline or in some other way government is losing taxes. Different government has different reasons it seems to keep it ban rather than just regulate it and will attract more tourist as well who love gambling.
Good for Cambodian people now they can choose to gamble freely and enjoy their time.

[Lorence.xD]

What do they mean with fairer gambling and gambling conditions? Are they having a problem with the services or the legality because it seems to lean more on services. How come players are getting unfair plays in gambling houses for a long time?

I do not know much about Cambodia but this law seems to be a positive for players and the tax seems to on the low side of the spectrum, 7% seems to be not a good number for me. I do not get why the government take on this lower percentage when they could have imposed higher, gambling will always flourish and for me, if they want a big piece of that gambling pie, they should get their hands to a bigger percentage.

[iamsheikhadil]

It's a very good news actually. Government meddling with casino companies to make a deal is always good for the players and citizens. Because then it will make gambling-friendly laws as well as insurance companies popping up making the players more secure if they feel they will lose as well as make profits for the government which will be beneficial to the citizens if government uses the profit as tax and do benefits to the citizens.

[rodskee]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

Well 7% is for recreational Gaming which means the 4% in normal gaming is still lowest.

what was the fast rate from Cambodia for comparison..

Seems like more and more countries now are reviewing and adjusting their gambling Taxation.it is Japan that i read first and now cambodia no wonder what turns those government for this?
Does it mean Gambling becomes more Venue for taxation now since the pandemic ruins each economy?

[fortunecrypto]

A good initiative for Cambodia, they lowered their taxes that is much lower than other countries, this is very surprising considering that Cambodia is not a very rich country but they prefer to lower their taxes in favor of making them a gambling-friendly country, this is something to watch here, do they have a plan to become the next Macau because they

set up designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.

[TheUltraElite]

I think this is a good initiative as long as the enforcement for "fairness" system is involved, it is definitely a good thing for the players. Not sure about the details of how gambling happens there but if there are shady casinos having rigged fairness system functioning there, it is essentially a fraud. Again such a casino would be caught pretty soon so this could be a warning message to any other operator attempting to set up a rigged casino as well.

All in all, it is a good and positive approach from their government. A bump in the gambling related tax should be the payoff for the gambling hoping to see all fair casinos and have peace of mind for the same.

[carlisle1]

Cambodia wants to Go along with Asian countries that hosting gambling events and this move is to attract foreign gamblers and to make a name in gambling industry.

Many countries now the proves gambling is good place to gather funds and even some countries in Europe use gambling for Funding their fight for pandemic.

and maybe they can bring this low taxation is because of they did not depending in gambling all this time so letting the adjustment wont affect their economy.

[coin-investor]

It's a very good news actually. Government meddling with casino companies to make a deal is always good for the players and citizens. Because then it will make gambling-friendly laws as well as insurance companies popping up making the players more secure if they feel they will lose as well as make profits for the government which will be beneficial to the citizens if government uses the profit as tax and do benefits to the citizens.

Government interference in the gambling sector is good for the industry, if they make it tourist-friendly they are giving livelihood to another sector which is the hotels and amusement it's a win-win situation for the countries, Cambodia's decision is timely now that we are going to move to a new economy after this pandemic.

[cryptomaniac_xxx]

At least the government of Cambodia is making a U-turn related on gambling because as far I know, they have tougher and stricter laws or even heavily regulated all forms of gambling. So I would say that this is definitely a win-win situation for the government and Cambodian players. At least gamblers can freely move without any hesitation to play.

I also read that there are a lot of underground pokers games around the city, and probably the government has heard about it and that's why they try to re-enacted this fair play.

[btc_angela]

Cambodia wants to Go along with Asian countries that hosting gambling events and this move is to attract foreign gamblers and to make a name in gambling industry.

They've hosted a poker tournament,

https://pokercalendar.asia/en/pokertournaments/world-poker-tour-wpt-cambodia-2020/

And I also think that there are a lot of professional poker players born in Cambodia. So they are really into the scene of poker gambling already, this is just one sports.

Many countries now the proves gambling is good place to gather funds and even some countries in Europe use gambling for Funding their fight for pandemic.

and maybe they can bring this low taxation is because of they did not depending in gambling all this time so letting the adjustment wont affect their economy.

Yes, government around the world are looking for ways to raise money quickly because of the negative effect of the pandemic. Las Vegas is already open many months ago for example. As for the tax, I would say it's huge though, 7%? why not make it lower, and let's say to peg it around 3% as a start.

[btc78]

At least the government of Cambodia is making a U-turn related on gambling because as far I know, they have tougher and stricter laws or even heavily regulated all forms of gambling. So I would say that this is definitely a win-win situation for the government and Cambodian players. At least gamblers can freely move without any hesitation to play.

One of the stricter in Asia in regards to gambling that's why this is Great news to the gambling community as they have now more motivation because what they need to see is government that supports the industry and not becoming enemy.
This way gamblers in other parts of the world might consider visiting and trying their casinos.

I also read that there are a lot of underground pokers games around the city, and probably the government has heard about it and that's why they try to re-enacted this fair play.

So for them to Lure those underground Gamblers and operator they need to extend their hands because gambling is really a big market and Gamblers will go in where they can at least try luck in much cheaper expenses.

[adzino]

I always wondered by governments of some countries had a strict law when it comes to gambling. I understand it is because to "protect" they citizens, but aren't adult citizens capable of taking decision of their own. They are adults and they can take responsible decision. If they don't, they will have to face the consequences. Why do they need a government to control them? But then again, if no such laws existed, the people would blame the government for their destruction.
Good for Cambodia. The government is now realizing they can actually get more revenue from gambling by easing those laws related to gambling.

[Vishnu.Reang]

As far as I know, most of the gamblers in Cambodia originate from China. These gamblers are rushing to Cambodia because of various factors, and low tax rate is definitely one of the factors. If they increase the taxes by too much, then the Chinese gamblers may just go to Laos or Myanmar instead of Cambodia. I hope the Cambodian government is not that stupid to kill the goose, which lays golden eggs.

[msarro]

I am not sure if that was high or low but just like what you have said that was more lesser than other countries then I think that's good. What's stopping them? Maybe because the gambling industry is one of their ways to get fund to support their country or economy that's why it's hard for them to lessen the tax in online gambling.

[Rodeo02]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

Maybe because they don't see the important for collecting high tax in gambling sites. whatever you forbid if people are really into gambling they will gamble even if it is illegal so you would you stop something you know that people will always do. They will just hide it in a place that's safe for them to gamble . Why not take advantage and make it legal then collect money from casino or gambling game you have in your country.

[Wexnident]

Were the laws back then unfavorable for the players or something? Anyhow seems like quite a positive change for the gambling scene in Cambodia. Ofc, taking notice of the gambling scene and adopting laws properly into it, instead of ignoring it, is what most gamblers want. Especially since some countries just straight up ignore/ban gambling since it's a bad "influence" for the younger audience, which is plenty stupid imo since they're basically just running away from it.

I just hope that the shortlisted watchdogs do their jobs properly, it isn't that rare for issues to crop up due to corruption treading its reaches quite deep into the space of authorities. Unfortunate for those that want to play KYC free though, since it seems like they're going to implement stricter regulations for that.

[iTradeChips]

With these time when most countries economies are experiencing a down trend, governments are trying to make deals with the gambling and casino industries so that they can get agreeable tax rates and get more for the sake of funding their projects and covid related programs. That is why when I hear news that gambling joints and governments having agreements where the government will get a good share of taxes, I always take this news as always good news.

[Mauser]

This is great news for Cambodia, maybe some new business can flourish through these  new tax laws. I am not very familiar with Cambodia but I know that the tourist sector is not so established like in the neighbouring countries Vietnam and Thailand. Maybe Cambodia could try and profit internationally from that too by attracting new gamblers and tourists.

[robelneo]

That's the biggest turn around according to Wikipedia

Gambling in Cambodia is officially illegal under the 1996 Law on Suppression of Gambling, which outlawed all unauthorized forms of gambling and provided for penalties ranging from monetary fines to short prison sentences, although the Cambodian government's General Department of Prisons does not list gambling as one of the 28 offenses punishable by imprisonment.

Now they want to be gambling friendly country and they created news laws and special zone to make gambling attractive to foreigners, they want to strengthen their tourism because tourists like to visit countries with gambling casinos, and they are also giving livelihood and employment too with these new laws.

[Kelvinid]

I understand that they are wanting for fair play in both parties and they would like to regulate to avoid any irregularities but wondering if how fair they are to the gambling institution asking for such a taxing percentage of 4% for gaming while 7% for recreational. I don't see any fair for these but I was thinking that they are enacting this law for their own benefits, not for all gamblers and owners.

I do respect the decision of Cambodia's leaders but it seems not really acceptable to ask this amount as we are still in a crisis situation. This could possibly affect their gambling performance and I'm not sure if these could attract more gamblers.

[peter0425]

Looks like Cambodia Got the News from japans gambling Enactments as recently Japan Makes this adjustments for their gambling laws about taxation.
and now here is cambodia..
Maybe countries around Asia seeing China's Macau being the capital of gambling is really generating tons of money as the revenue is incomparable to any gambling places in the world.
Macau seems overtaking Las Vegas in Gambling industry.
From being strict now lowering their Belts just to attract more gamblers and gambling operators Open businesses and generate jobs for people and income to government.

[bonjouros]

This is totally a good news for the players in Cambodia as taxes are pretty hurtful especially if it is pretty high but as of right now they are enjoying the tax that is less than compare to other countries.

4%-7% is not that bad as I notice that there are few countries that put too much tax in gambling industry like they are putting 10% and above tax which can really hurt the casino owners and also to it's players. If other countries will likely to follow then it's good as it is for the best also, if they will maintain a low tax then many players will continue to play and many casino owners will continue their service.

[imstillthebest]

This is totally a good news for the players in Cambodia as taxes are pretty hurtful especially if it is pretty high but as of right now they are enjoying the tax that is less than compare to other countries.

4%-7% is not that bad as I notice that there are few countries that put too much tax in gambling industry like they are putting 10% and above tax which can really hurt the casino owners and also to it's players. If other countries will likely to follow then it's good as it is for the best also, if they will maintain a low tax then many players will continue to play and many casino owners will continue their service.

casino is a profitable business and its not the owners are hurt the most but its the players but tax didnt stop those guys to continue playing gambling . gambling is in the list where government tax is high but it can also be their way to prevent small players from playing like what governments done in the cigaritte where they also put high tax on it lately . gambling is still healthier than on cigarittes and maybe gamblers in cambodia are not that addicts like on most countries thats why they are given a chance by their government

[South Park]

What do they mean with fairer gambling and gambling conditions? Are they having a problem with the services or the legality because it seems to lean more on services. How come players are getting unfair plays in gambling houses for a long time?

I do not know much about Cambodia but this law seems to be a positive for players and the tax seems to on the low side of the spectrum, 7% seems to be not a good number for me. I do not get why the government take on this lower percentage when they could have imposed higher, gambling will always flourish and for me, if they want a big piece of that gambling pie, they should get their hands to a bigger percentage.

It seems people have different opinions about that tax, some see it as a high tax while others like you see it as kind of low, in my country that tax is way higher and I can tell you it has affected casinos greatly especially during this pandemic since they did not had money to spare to deal with the crisis and many of them have close their doors, so while a high tax could get governments good short term profits in the case of a crisis it will diminish their income greatly and maybe the Cambodian government does not want to pressure the gambling industry of their country too much.

[kryptqnick]

So a good news for all the players from Cambodia , the government is now enacting new laws to make the games more fair for the people. The tax on gaming will be 4% and 7% will be on recreational gaming , which is much less than other countries.
https://www.gamblingnews.com/news/cambodia-introduces-and-enacts-new-gambling-law/
The gambling committee will further look into that matter and at the same time this would mean that players will get  a better and fair play which would inturn 11 government ministers who will actually form this law.
They will have a specific favoured zone in which gambling will be permitted. Now these conditions won't just be fair for the government but it would be fair for both the people and the companies involved.
This is a much needed step which every country needs to take soon.

A new watchdog known as the Integrated Resort Management and Commercial Gambling Committee will be in charge of enforcing the new regulation.

The watchdog will include 11 government ministers to be shortlisted and approved soon. Cambodia will now designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.

The country will also assign a special “favored zone” status, which means that the government may permit gambling operations there in future.

Cambodia’s new regulatory framework is a first attempt by the country to enforce laws that allow authorities to regulate gambling with fairness and seek fairer gaming conditions for everyone.

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

It's better to have gambling regulated than unregulated, and I'm glad another country moved forward. However, I don't think people should pay taxes for gambling. Casino owners should pay the taxes similar to those of any other business, but why individual people who are gambling in the casino would do this? But the tax rate is very reasonable, so it might just work. Another question I have if whether these regulations cover online gambling because it might be regulated (or not regulated) separately. Finally, would these be a procedure for crypto online gambling to be legal in Cambodia?

[avikz]

Possibly Combodia is eying to increase their market share in travel and tourism industry. Decreasing gaming tax is definitely one of the steps towards this goal so that travel and tourism industry can keep a bigger portion of their earning for their own betterment! It is a baby step but an effective one!

Also creating a special zone for such activities is another step towards the bigger goal. The way countries create special economic zones for factories and industries, Combodia is following the same practice for travel industry! Hope this works in their favor to recover the economy!

[Chrystora123]

snip..

This is the wisest step that the Cambodian government has taken to gambling players and businessman gambling there.  in a country where gambling is strictly prohibited, gambling is used as a back door business by the mafia and local officials.  the state as tax recipients and also gambling actors (players or business people) as taxpayers can synergize to satisfy each other so that neither party will feel that anyone is disadvantaged..

[milewilda]

That's the biggest turn around according to Wikipedia

Gambling in Cambodia is officially illegal under the 1996 Law on Suppression of Gambling, which outlawed all unauthorized forms of gambling and provided for penalties ranging from monetary fines to short prison sentences, although the Cambodian government's General Department of Prisons does not list gambling as one of the 28 offenses punishable by imprisonment.

Now they want to be gambling friendly country and they created news laws and special zone to make gambling attractive to foreigners, they want to strengthen their tourism because tourists like to visit countries with gambling casinos, and they are also giving livelihood and employment too with these new laws.

It would really be on that domino effect when such laws would be reversed out and now they are trying to embrace this gambling industry which we cant deny that it would really be
that beneficial not in the sense for taxation purposes but also into the jobs or employment or simply showing off some domino effect.This decision is a good one that had been
done by Cambodian government where they do realize that instead on continuously prohibiting gambling then why wont really be doing the opposite if they
would able to see the benefits or it? Some countries are really just too protective into their citizens but actually these things can really even help out
in talks of economy etc.

[coupable]

That's the biggest turn around according to Wikipedia

Gambling in Cambodia is officially illegal under the 1996 Law on Suppression of Gambling, which outlawed all unauthorized forms of gambling and provided for penalties ranging from monetary fines to short prison sentences, although the Cambodian government's General Department of Prisons does not list gambling as one of the 28 offenses punishable by imprisonment.

Now they want to be gambling friendly country and they created news laws and special zone to make gambling attractive to foreigners, they want to strengthen their tourism because tourists like to visit countries with gambling casinos, and they are also giving livelihood and employment too with these new laws.

In the majority of cases, i find it strange why a poor country [under-developement] classify Gambling as an illegal activity. Just like the use of medical cannabis. Cambodia needs as much revenue ressources so it's a wise move to bring into scene an activity that broke the laws beehind scenes. But what to do with people use crypto in gambling?
In my country, the tax is 25% but i still think that 7% is in the high side.
Cambodian gamblers won't easly follow the flow and will look for other solution to not pay any tax. This will surely increase the use of Crypto Gambling sites.

[24Kt]

Possibly Combodia is eying to increase their market share in travel and tourism industry. Decreasing gaming tax is definitely one of the steps towards this goal so that travel and tourism industry can keep a bigger portion of their earning for their own betterment! It is a baby step but an effective one!

Also creating a special zone for such activities is another step towards the bigger goal. The way countries create special economic zones for factories and industries, Combodia is following the same practice for travel industry! Hope this works in their favor to recover the economy!

Maybe, this will entice tourists to gamble in their country. Been there in that country but that was a long time ago and didn't try to go to their gambling house. So don't know the actual impact of this new law to its citizens. Anyway, governments are now looking for options how to get back on their feet and reviving their tourism industry is one of them.

[Sithara007]

Maybe, this will entice tourists to gamble in their country. Been there in that country but that was a long time ago and didn't try to go to their gambling house. So don't know the actual impact of this new law to its citizens. Anyway, governments are now looking for options how to get back on their feet and reviving their tourism industry is one of them.

Only very recently Cambodia started receiving huge numbers of foreign tourists. Most of them are not interested in gambling, but are more in to ancient temples and other cultural symbols. Angkor Wat is one of the most famous tourist destinations in Cambodia and is very popular with tourists in India since it is the largest Hindu temple in the world. Now they want to attract other type of tourists as well, and that is good news for the economy of the country.

[maydna]

Possibly Combodia is eying to increase their market share in travel and tourism industry. Decreasing gaming tax is definitely one of the steps towards this goal so that travel and tourism industry can keep a bigger portion of their earning for their own betterment! It is a baby step but an effective one!

Also creating a special zone for such activities is another step towards the bigger goal. The way countries create special economic zones for factories and industries, Combodia is following the same practice for travel industry! Hope this works in their favor to recover the economy!

Maybe, this will entice tourists to gamble in their country. Been there in that country but that was a long time ago and didn't try to go to their gambling house. So don't know the actual impact of this new law to its citizens. Anyway, governments are now looking for options how to get back on their feet and reviving their tourism industry is one of them.

We will see the actual impact soon after the lockdown is fully lifted because we are still pandemic. Perhaps, local people will try that before the government can entice tourists to come to their country. If the result is good, the government will be sure to reopen their tourism to their country and follow the health protocols.

Reviving the country again will not easy as every country have the hardest situations for months. But I am sure that we will pass these situations, and the government is still trying to hard work for their best.

[FontSeli]

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

I think that the legal regulation of gambling should be in any country. This is what helps regulate the wild market and bring order to it. In any case, this should benefit ordinary people and protect them from fraudulent casinos and other gambling establishments. The main thing is that the body that sets the rules monitors their compliance.

[Xinarae*]

Although Cambodia has enacted new laws on gambling many are unaware of it. The demand for tourists is much higher here than gambling. If the government attracts tourists because of the temple the government can quickly attract tourists through legal and regulatory casinos. More tourists means more foreign exchange earnings. The government can earn money directly from casinos and by taxing money won in gambling. Successfully run casinos through the legal process can directly and indirectly increase employment in a country. If the investment in gambling is more the income of the government will also increase.

[plvbob0070]

It's a good thing that they are positively updating their gambling regulations since it will be fairer to the gamblers. Both sides will benefit from it, including the gamblers with lower tax, casino owners since it will attract more customers, and the government from the tax revenue. I have been recently seeing news where the government is trying to improve its gambling regulations, and I think one reason is that they are trying to recover their economy. And I believe this is a good decision by the Cambodian government.

[perla]

Possibly Combodia is eying to increase their market share in travel and tourism industry. Decreasing gaming tax is definitely one of the steps towards this goal so that travel and tourism industry can keep a bigger portion of their earning for their own betterment! It is a baby step but an effective one!

Also creating a special zone for such activities is another step towards the bigger goal. The way countries create special economic zones for factories and industries, Combodia is following the same practice for travel industry! Hope this works in their favor to recover the economy!

Maybe, this will entice tourists to gamble in their country. Been there in that country but that was a long time ago and didn't try to go to their gambling house. So don't know the actual impact of this new law to its citizens. Anyway, governments are now looking for options how to get back on their feet and reviving their tourism industry is one of them.

Pandemic has changed a lot of things and government would be now looking for new sources of revenue so making gambling legal, crypto legal etc would be just some of the options for them where they can get good revenue as well gambling could attract tourists as well. So this is a good change which government is working and making necessary changes in their laws.

Yes the government are now looking at the online gambling to have some extra revenue I think this is not the first time I read about this kind of topic I think I've read already two or three same topic already from different countries.

[crzy]

Lowering the tax is a great strategy to boost their economy and to encourage more gambler to pay and worry no more about paying huge taxes. Well, it will be more great if they are now starting to adopt cryptocurrency and accept gamblers from crypto world. Every government are now helping their own people to survive and in order for them to do this, they must favor the terms to its people and in return, more taxes will be collected for sure. Anyway, this is indeed a great news and hopefully more countries will do the same thing or will do better than this.

[pilosopotasyo]

Yes the government are now looking at the online gambling to have some extra revenue I think this is not the first time I read about this kind of topic I think I've read already two or three same topic already from different countries.

They have seen what online gaming can do at the times of pandemic, they are the only profitable industry and they contributed a lot to the government because of their taxes, so countries has seen these opportunity and they are enacting laws that will support these industries because they also can make profit from online gambling revenues in the form of taxes.

[john_nautica]

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

Some countries are now encouraged to regulate online gambling as this have seen to be an additional venue for revenue generation. This then could be of significant support to the barely surviving economy brought about by the pandemic. If all countries would be abiding to this, regulating online casinos would not only help the economy but would also add to the security of the gamblers as they are protected under the government’s watch.

[aioc]

It's not the cut in taxes that is a main news but creating a special or specific favoured zone in which gambling will be permitted, this encourage establishment of more gambling establishment and tourist attraction, the gambling tourism is a multi billion dollar industry and they want a slice of it.

[Becky666]

It's not the cut in taxes that is a main news but creating a special or specific favoured zone in which gambling will be permitted, this encourage establishment of more gambling establishment and tourist attraction, the gambling tourism is a multi billion dollar industry and they want a slice of it.

Candidly, the 7% is nothing compare to what the government has done in the land, in respect of this news. A reasonable government will put forth the interest of the citizens before self, this is what the government of Cambodia has done, and kudos to the government. Gambling industry are doing wonders in term of revenue generation and a country that sees this will surely overcome the economy crisis looming the world. Believe me, tourist and well recognize gambling industries will start flowing into Cambodia to secure a place for company establishment, my country won't encourage such becasue of her religion attitudes.

[ecnalubma]

Only foreign gamblers will enjoy these benefits mostly the Chinese gamblers. As country depending businesses revenues their actions matters most especially in reviving their economy, Cambodia’s move is not different from other countries depending on gambling tax revenues, gambling tax revenues don’t just easily drop it is one of the strongest industry.

[hahay]

Even though it's good for Cambodia but with still a lot of controversy about gambling itself in other countries, then I think each rule will always have differences regarding gambling in each country. Having them set a favorite zone is a good thing because then at least gambling can be more controlled by the government. I'm not sure taxes will make many people avoid gambling, so it doesn't seem like a tax issue because what's important is the rules with clear laws about gambling itself.

[Lordhermes]

Only foreign gamblers will enjoy these benefits mostly the Chinese gamblers. As country depending businesses revenues their actions matters most especially in reviving their economy, Cambodia’s move is not different from other countries depending on gambling tax revenues, gambling tax revenues don’t just easily drop it is one of the strongest industry.

Maybe the Cambodian government knew its going to generate more income to the government revenue more than expected before, now its I think its a major priority for a country now to create a gambling platform as a means of generating revenue to her citizens in respect to the economic situation level. At least Cambodian government must have regretted a little for a while before enacting this new law towards gambling.

[Genemind]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

Gambling taxes help thw government a lot since gambling had been part of any countries culture. In our country Casinos attract tourists which also helps give employment and taxes. Having a lower tax for gambling would encourage players to play more, which is good for the government, however the down side is more people would sped time and money in gambling.

[Twinkledoe]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

Gambling taxes help thw government a lot since gambling had been part of any countries culture. In our country Casinos attract tourists which also helps give employment and taxes. Having a lower tax for gambling would encourage players to play more, which is good for the government, however the down side is more people would sped time and money in gambling.

Now, it is up to the individual if he will be hooked up into gambling especially if he can't afford to this kind of lifestyle. But I'm fine with the government extracting revenue from these casinos. This will aid in the economic recovery of every country. As people want to gamble, then, better get a tax from it. If he doesn't want to give tax, then don't gamble. Plain and simple. 

[abhiseshakana]

Gambling taxes help thw government a lot since gambling had been part of any countries culture. In our country Casinos attract tourists which also helps give employment and taxes. Having a lower tax for gambling would encourage players to play more, which is good for the government, however the down side is more people would sped time and money in gambling.

Of course, with lower taxes compared to surrounding Asian countries (5% -15% in Singapore, 35% in Malaysia, 35% in Vietnam, and 39% in Macau), Cambodia can attract more tourists so that the entertainment sector outside of gambling will also get income.

Additionally, this will also make Cambodia more competitive in the global gambling industry, so it would be very common if many potential foreign investors (in the gambling industry) would be interested to make investments in Cambodia.

[Quidat]

Gambling taxes help thw government a lot since gambling had been part of any countries culture. In our country Casinos attract tourists which also helps give employment and taxes. Having a lower tax for gambling would encourage players to play more, which is good for the government, however the down side is more people would sped time and money in gambling.

Of course, with lower taxes compared to surrounding Asian countries (5% -15% in Singapore, 35% in Malaysia, 35% in Vietnam, and 39% in Macau), Cambodia can attract more tourists so that the entertainment sector outside of gambling will also get income.

Additionally, this will also make Cambodia more competitive in the global gambling industry, so it would be very common if many potential foreign investors (in the gambling industry) would be interested to make investments in Cambodia.

Would really be having that chain effect specially if they would really be that much lower when it comes to taxation specially with gambling business owners tend to make one in that country.
That will surely create some interest into those foreign investors and in result then that would really be a positive impact towards into their economy.Good thing that they had changed up their
minds on reverting their laws towards gambling industry specially now that most economy are going on reds which it is  really that much of a sense for them on letting gambling laws to be
on the positive side.

[Nellayar]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

I don't really know what is wrong with gambling, as if other officials in banned countries does not playing gambling. In my country, we are neutralize about gambling. In fact, there is a government agency here that regulates all of gambling site or games. There are gambling games which banned in my country but not all of them. I am happy for the legalisation of Cambodia in gambling. And it is my bad to know how government of India treated the gambling industry. It just prove that India is still close to culture and religion.

[Twentyonepaylots]

If this is true and implemented in the quickest time possible Cambodia may just beome the newest Las Vegas of Asia. This will not only boost the popularity of gambling in the country, but would also spearhead gambling-induced tourism. So it's a win-situation for Cambodia really, considering they can just get the losses back from the millions of dollars tourists will cash in to the government.

Only foreign gamblers will enjoy these benefits mostly the Chinese gamblers. As country depending businesses revenues their actions matters most especially in reviving their economy, Cambodia’s move is not different from other countries depending on gambling tax revenues, gambling tax revenues don’t just easily drop it is one of the strongest industry.

Some people who lost their jobs found fortune in gambling, so we can't really excuse gambling out of this just because everyone had it bad due to the pandemic. We may as well expect Americans or Europeans investing or gambling in Cambodia.

[tabas]

After Macau, there is a possibility that Cambodia is going to be the next destination for tourist gamblers.
There is one other country that most Asian tourist gamblers are going with this, they are securing each of them to be a good place for gamblers.
Japan is also a good one but tax is higher although it is also welcoming.

[Shasha80]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

[Wexnident]

I don't really know what is wrong with gambling, as if other officials in banned countries does not playing gambling. In my country, we are neutralize about gambling. In fact, there is a government agency here that regulates all of gambling site or games. There are gambling games which banned in my country but not all of them. I am happy for the legalisation of Cambodia in gambling. And it is my bad to know how government of India treated the gambling industry. It just prove that India is still close to culture and religion.

Well some people (or governments) prefer to just simply run away from responsibilities, and the easiest way to do that is to remove the source of where those responsibilities came from. Gambling isn't really a problematic issue, but due to the way it's growth went, the community itself (or rather those who got addicted) lead to some unfavorable impressions towards those non-gamblers, which made it an issue. And mental state guidance isn't really an easy issue to manage. The risk of people getting addicted, and then getting reported is a pain in the ass for some ngl, and enacting laws that would satisfy both gamblers and both the common populace seems like a difficult issue for them, which is true, but they just refuse to think of about it anymore.

[Fredomago]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

They have to adjust to see what will works for both ends, the government will gain from this and the citizen will enjoy plus they'll be able to attract tourist to gamble around, from that start many things in terms on business side that will be open for them. Good thing to think about it as imposed taxes is really well from this industry.

Expect that not only tourist but the citizen itself is no need to travel just to enjoy the luxuries
of this types of entertainment, they have it now and they'll be enjoying evrything.

[Sithara007]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

Cambodia is probably the poorest country in South-east Asia, and few of the nations can afford to visit the casinos. Most of the gamblers in Cambodia are from China, and to an extent from other countries such as Taiwan and Japan. The government gains in the form of tax revenue, and the locals are also benefiting in the form of additional well-paying jobs.

[carlisle1]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

Cambodia is probably the poorest country in South-east Asia, and few of the nations can afford to visit the casinos. Most of the gamblers in Cambodia are from China, and to an extent from other countries such as Taiwan and Japan. The government gains in the form of tax revenue, and the locals are also benefiting in the form of additional well-paying jobs.

It is Myanmar(Burma) is the Poorest country in southeast Asia and Second is Cambodia Followed by Timor-Leste according to the 2019 economic report

https://www.worldatlas.com/articles/the-richest-and-poorest-countries-of-southeast-asia.html

But yeah they maybe the poorest when it comes to Gambling hosting country as they have hosted a Poker competition sometime.

THis more will try to attract more gambling businesses and gamblers from local to tourists.

Hope to have  good outcome.

[jrrsparkles]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

Cambodia is probably the poorest country in South-east Asia, and few of the nations can afford to visit the casinos. Most of the gamblers in Cambodia are from China, and to an extent from other countries such as Taiwan and Japan. The government gains in the form of tax revenue, and the locals are also benefiting in the form of additional well-paying jobs.

It is Myanmar(Burma) is the Poorest country in southeast Asia and Second is Cambodia Followed by Timor-Leste according to the 2019 economic report

https://www.worldatlas.com/articles/the-richest-and-poorest-countries-of-southeast-asia.html

But yeah they maybe the poorest when it comes to Gambling hosting country as they have hosted a Poker competition sometime.

THis more will try to attract more gambling businesses and gamblers from local to tourists.

Hope to have  good outcome.

Atleast their government is trying something to bring revenue to their economy from outside of their country but many government tries to increase the tax rate simply to make more money whenever they need it.

Cambodia is poorest but I guess that place is filked with natural resources so if they are good at producing valuable things then they can make good money as well.

[Alucard1]

This is a good move for Cambodia, they let their countries benefit from their decision. They know that gambling could give good them a positive result for their economy which is really true and I am really impressed with that because in our country they don't even see the positive sides that gambling can give to us, they only see it as a negative that may give some negative impact for every gambler that is why gambling is still considered as illegal in our country.

[Saisher]

All I know is gambling is illegal in Cambodia but by changing their laws that benefit their gamblers operators, can only mean that they are changing their direction and wants to focus on their tourism and adding more revenues through gambling, many country will implement this kind of laws and they want to take this opporturnity to be a step ahead.

[madnessteat]

I think that the legalization of gambling in Cambodia is a positive measure aimed at bringing gambling business from the shadow to the regulated turnover. The idea is that such changes should increase revenues to the budget of the country and improve the lives of citizens. How things will actually be, we will know only in a few years.

[Mauser]

This is a good move for Cambodia, they let their countries benefit from their decision. They know that gambling could give good them a positive result for their economy which is really true and I am really impressed with that because in our country they don't even see the positive sides that gambling can give to us, they only see it as a negative that may give some negative impact for every gambler that is why gambling is still considered as illegal in our country.

People want to gamble no matter what, if it's legal or not. If the government doesn't allow gambling in a country it will just move into the underground and happen in private casinos without the government noticing. One bad thing of that practice is that the government is getting no tax revenues. A low gambling tax is optimal as it encourages foreign gambler to come to the country which will also spend money in other sectors, like tourism or shopping. In my opinion there is only upside potential for a well regulated gambling sector in a country.

[FIFA worldcup]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

Cambodia is probably the poorest country in South-east Asia, and few of the nations can afford to visit the casinos. Most of the gamblers in Cambodia are from China, and to an extent from other countries such as Taiwan and Japan. The government gains in the form of tax revenue, and the locals are also benefiting in the form of additional well-paying jobs.

Since Cambodia is a poor country a gambling tax of 4 -7 % will also be considered as a good amount of money tax. Also, if anyone plays online anonymously using bitcoin and cryptocurrencies', he will not have to give any tax because he cannot be traced. Is it rite or Cambodia government will try to find out the online gamblers with the help on ISPs (internet Service Providers).

[kramchers]

So a good news for all the players from Cambodia , the government is now enacting new laws to make the games more fair for the people. The tax on gaming will be 4% and 7% will be on recreational gaming , which is much less than other countries.
https://www.gamblingnews.com/news/cambodia-introduces-and-enacts-new-gambling-law/
The gambling committee will further look into that matter and at the same time this would mean that players will get  a better and fair play which would inturn 11 government ministers who will actually form this law.
They will have a specific favoured zone in which gambling will be permitted. Now these conditions won't just be fair for the government but it would be fair for both the people and the companies involved.
This is a much needed step which every country needs to take soon.

A new watchdog known as the Integrated Resort Management and Commercial Gambling Committee will be in charge of enforcing the new regulation.

The watchdog will include 11 government ministers to be shortlisted and approved soon. Cambodia will now designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.

The country will also assign a special “favored zone” status, which means that the government may permit gambling operations there in future.

Cambodia’s new regulatory framework is a first attempt by the country to enforce laws that allow authorities to regulate gambling with fairness and seek fairer gaming conditions for everyone.

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

In the first place not all gambling site is legal, still there are some of them are not. When it comes to tax percentage 4% and 7% is much lower compared into other nations anyway. At least in Cambodia it was already regulated and legally operational aside from that it was a great news to all gamblers there too.

[Vishnu.Reang]

In the first place not all gambling site is legal, still there are some of them are not. When it comes to tax percentage 4% and 7% is much lower compared into other nations anyway. At least in Cambodia it was already regulated and legally operational aside from that it was a great news to all gamblers there too.

I am not sure about this claim. As far as I now, the range given in the article (4% to 7%) is actually on the higher side. It is still a lot better than banning the gambling industry and driving it underground (just like what the Indian government has done). But if they want to attract foreign gamblers, then they should lower the tax rates, to make them attractive for the Chinese and the other foreign nationals.

[Yamifoud]

In the first place not all gambling site is legal, still there are some of them are not. When it comes to tax percentage 4% and 7% is much lower compared into other nations anyway. At least in Cambodia it was already regulated and legally operational aside from that it was a great news to all gamblers there too.

I am not sure about this claim. As far as I now, the range given in the article (4% to 7%) is actually on the higher side. It is still a lot better than banning the gambling industry and driving it underground (just like what the Indian government has done). But if they want to attract foreign gamblers, then they should lower the tax rates, to make them attractive for the Chinese and the other foreign nationals.

Whose whoever wanted to continue their gambling business will live no choice but to pay for that said amount. I'm not saying this will serves to have the pursue of closing down the gambling institutions and force people to stop gambling but what I think for this is that the government needs money during this pandemic time. They need support from the community where taxes held as a reliable source as they know that more people got crazy into gambling.

[ice098]

This is a good move for Cambodia, they let their countries benefit from their decision. They know that gambling could give good them a positive result for their economy which is really true and I am really impressed with that because in our country they don't even see the positive sides that gambling can give to us, they only see it as a negative that may give some negative impact for every gambler that is why gambling is still considered as illegal in our country.

People want to gamble no matter what, if it's legal or not. If the government doesn't allow gambling in a country it will just move into the underground and happen in private casinos without the government noticing. One bad thing of that practice is that the government is getting no tax revenues. A low gambling tax is optimal as it encourages foreign gambler to come to the country which will also spend money in other sectors, like tourism or shopping. In my opinion there is only upside potential for a well regulated gambling sector in a country.

Gambler will always be a gambler even if the taxes and ghe transaction fees are high, gamblers will always find a way to vet involve in it. Well, it is maybe the reason why many countries today are considering of legalization of gambling in their society its because they have rest assured that their government can get a profit from it because the customer wasn't their people only but also foreign gamblers. And yes to be able to attract foreign gamblers the tax of 4%-7% need to be lessen.

[carlisle1]

It is Myanmar(Burma) is the Poorest country in southeast Asia and Second is Cambodia Followed by Timor-Leste according to the 2019 economic report

https://www.worldatlas.com/articles/the-richest-and-poorest-countries-of-southeast-asia.html

But yeah they maybe the poorest when it comes to Gambling hosting country as they have hosted a Poker competition sometime.

THis more will try to attract more gambling businesses and gamblers from local to tourists.

Hope to have  good outcome.

Atleast their government is trying something to bring revenue to their economy from outside of their country but many government tries to increase the tax rate simply to make more money whenever they need it.

Thats why i wrote the Highlighted part because i believe in their good intention and their capacity to do so.

it's not that because we are poor we cannot do anything to make things grow at least we will have a goal and dedication and doing our best to have a great result.

Cambodia is poorest but I guess that place is filked with natural resources so if they are good at producing valuable things then they can make good money as well.

No one Made them degraded here, being poorest is not a insult but a challenge ,if someone called for your defect don't feel insulted but be thankful at least they are mentioning the things you must enhanced and improve . then soon will face them again and laugh at them because while you are improving they stayed in same situation when you last see them.

[mardaed]

The government of Cambodia are stepping up their management by manifesting what seems to be beneficial and can be of help to their country, and that is the gambling industry. Being categorized as a poor country, in my opinion, would mean and be rooted on how its resources and assets are being managed. I believe all nations are rich in resources but the management and usage of these are what determines whether a nation will become prosperous or scarce.

[Becky666]

All I know is gambling is illegal in Cambodia but by changing their laws that benefit their gamblers operators, can only mean that they are changing their direction and wants to focus on their tourism and adding more revenues through gambling, many country will implement this kind of laws and they want to take this opporturnity to be a step ahead.

That's the simple truth, Cambodia government will definitely have made this announcement base on their economy dwindling which need s greater support from tourist. This law will surely attract more tourist and gamblers that are much interested in gambling, also, we should not forget that, gambling companies will start entry the Cambodia for this benefit that they will get if they invest or launch gambling platform in the country. Is a golden opportunity to ease out economy hash in the land.

[madnessteat]

The government of Cambodia are stepping up their management by manifesting what seems to be beneficial and can be of help to their country, and that is the gambling industry. Being categorized as a poor country, in my opinion, would mean and be rooted on how its resources and assets are being managed. I believe all nations are rich in resources but the management and usage of these are what determines whether a nation will become prosperous or scarce.

Despite a very high level of corruption, Cambodia has recently developed at a fairly rapid pace. Foreigners are happy to invest in the economy of Cambodia. Who knows maybe soon Cambodia will become one of the most famous places where millions of tourists will come for gambling.

[XCANA]

This will be something big any reasonable government will do to better the life of the citizens as the world is facing something strange which has crumbled the world economy. For Cambodia government to enact such new laws regarding gambling in the land means, they need more revenue generation to finance the country. The good news about this initiative from the government is, they will attract more investors into the country which will generate more revenue than before.

[magneto]

The tradeoff is that tax havens generally don't have a lot of actual regulation since their sole purpose is to attract foreign investment into the gaming industry, and to sit there and collect any taxation revenues coming their way.

As long as they are getting their share, they wouldn't mind letting shady operators retain their license.

But if this is not an issue, then I'm all for it. It makes a lot of sense for these developing nations to secure FDIs whenever they possibly can, and the gambling industry is certainly a big fish to fry if they can successfully attract a few to register there (if companies deem lower taxes as a sufficient tradeoff less regulatory stability, that is).

[Hippocrypto]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

Taxation really matters when an income wasn't able to meet the minimum standard based on government regulatory bracket. That's good that they've been doing this for the benefit of people since, this country is one of the poorest. However, gambling in general was not good for those who struggle for poverty but there's still people who managed to seek their luck on betting. Partly it's also their form of entertainment as well as stress reliever

[Sithara007]

Despite a very high level of corruption, Cambodia has recently developed at a fairly rapid pace. Foreigners are happy to invest in the economy of Cambodia. Who knows maybe soon Cambodia will become one of the most famous places where millions of tourists will come for gambling.

Foreigners are flocking to invest in Cambodia, because the real estate market is underpriced and the labor is extremely cheap. And given the recent economic growth, we can expect any business venture set up within the next few years to give very high returns during the next decade or so. But then overtaking Macau or Hong Kong as gambling destination will be a very tough task.

[peter0425]

The tradeoff is that tax havens generally don't have a lot of actual regulation since their sole purpose is to attract foreign investment into the gaming industry, and to sit there and collect any taxation revenues coming their way.

i think that's every government wants and so as the operators?gain players and earn more?what would be the other motive behind these kind of changing rules?

As long as they are getting their share, they wouldn't mind letting shady operators retain their license.

I think cambodia is strict in their policies so this is not just about shady operators but instead to gain more players.

But if this is not an issue, then I'm all for it. It makes a lot of sense for these developing nations to secure FDIs whenever they possibly can, and the gambling industry is certainly a big fish to fry if they can successfully attract a few to register there (if companies deem lower taxes as a sufficient tradeoff less regulatory stability, that is).

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

[bryant.coleman]

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

[ethereumhunter]

Good news for Cambodian residents who really like gambling, because the taxes they have to pay are low compared to other countries.
Perhaps the government of Cambodia realizes that the income of the people of Cambodia as a third world country is not very good,
so the tax imposed is adjusted to the income of the people of Cambodia. Moreover, with the enactment of new laws related to gambling,
making gambling in Cambodia can be an attraction for tourists who want to vacation and play gambling. If this happens, it will increase
the revenue of the Cambodian government.

Taxation really matters when an income wasn't able to meet the minimum standard based on government regulatory bracket. That's good that they've been doing this for the benefit of people since, this country is one of the poorest. However, gambling in general was not good for those who struggle for poverty but there's still people who managed to seek their luck on betting. Partly it's also their form of entertainment as well as stress reliever

Behind the people who are getting luck on betting, many people are losing their money, whether it's the poorest or even people who have money. But not all people willing to pay taxes, especially if they come from the gambling industry, because they think that I already pay taxes, and I don't need to pay another tax anymore. However, when the government uses the regulations about gambling, all people who are playing gambling need to follow and pay the taxes based on the government's amount.

[Sithara007]

Behind the people who are getting luck on betting, many people are losing their money, whether it's the poorest or even people who have money. But not all people willing to pay taxes, especially if they come from the gambling industry, because they think that I already pay taxes, and I don't need to pay another tax anymore. However, when the government uses the regulations about gambling, all people who are playing gambling need to follow and pay the taxes based on the government's amount.

Obviously when someone gambles and win a bet, someone else is losing his money. It is similar to cryptocurrency trading. That said, a lot of these gamblers are individuals who received money through illegal means. When they indulge in gambling, some of this money gets distributed to hard working people, in the form of taxes and casino charges. So you don't need to worry too much about people losing money as a result of gambling. Obviously there are ordinary people who gets addicted to gambling and get their lives ruined as a result of it. But their behavior should not be used to attack the gambling industry.

[Trinx01]

I have good thoughts about this news, it seems like they are supporting the world of gambling in their country, maybe they see the good potential of gambling that could help their economy to be better in the future and to recover from the crisis. It is somehow like whenever a gambler loses their money it will benefit the casino bling on which it would also help to have more tax for the government which may help the economy. It is the money of their citizen who will help them from crisis.

[bryant.coleman]

Yes, they are I hope that this thing can help their economy too, for them to create more funds for their infrastructure and security, it can create different jobs that can help their citizens, there's a lot of opportunity for this if they will continue to support gambling industry, in my country most of the gamblers are foreigners but I think the law is not equal in here for locals and foreigners.

From what we have seen, prohibition never work against gambling. It is similar to certain other sectors. Look at Saudi Arabia. Alcohol is banned there. But in every nook and corner, you can find cheap supply of locally brewed liquor. Cannabis is banned in India. But you can find tens of millions of people, who use the stuff regularly. And countries where gambling is banned have the largest per capita population of gamblers. Legalizing gambling can bring down the crime rate, increase tax revenues and create new employment.

[ethereumhunter]

Behind the people who are getting luck on betting, many people are losing their money, whether it's the poorest or even people who have money. But not all people willing to pay taxes, especially if they come from the gambling industry, because they think that I already pay taxes, and I don't need to pay another tax anymore. However, when the government uses the regulations about gambling, all people who are playing gambling need to follow and pay the taxes based on the government's amount.

Obviously when someone gambles and win a bet, someone else is losing his money. It is similar to cryptocurrency trading. That said, a lot of these gamblers are individuals who received money through illegal means. When they indulge in gambling, some of this money gets distributed to hard working people, in the form of taxes and casino charges. So you don't need to worry too much about people losing money as a result of gambling. Obviously there are ordinary people who gets addicted to gambling and get their lives ruined as a result of it. But their behavior should not be used to attack the gambling industry.

I heard that news too. But we can not blame people who received money illegally because I think it is hard to track where the money sources. Maybe if the casino knows that they use the money illegally, the casino can ban that person or do something, so the casino doesn't get a problem from the government. You are right, and we do not need to worry about that because we don't get the impact. Even if we get the impact, our lives are not ruined because we can take care of ourselves.

[peter0425]

I have good thoughts about this news, it seems like they are supporting the world of gambling in their country, maybe they see the good potential of gambling that could help their economy to be better in the future and to recover from the crisis. It is somehow like whenever a gambler loses their money it will benefit the casino bling on which it would also help to have more tax for the government which may help the economy. It is the money of their citizen who will help them from crisis.

This is an obvious support mate because none government will reenact their taxation laws if they are not favoring the said area of business.
and most specially in gambling in which i believe Cambodia tend to be strict and just now they are being polite in treating this business.
Let's see how it change and what is the positive effect in future,But with this i'm sure many of the foreign gamblers will look into this and consider visiting  their country for gambling experience.

[AicecreaME]

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

A big applause for the Cambodian Government giving a fair gambling site to its people. If the probably "fair" is really a fair one, then it is a good step on solving gambling addiction that leads to poverty of certain individuals. They don't also ask for too big tax on the casino to balance it, it's a give and take for both parties.

Other countries (especially the third world ones) should also implement such thing to solve poverty slowly as well. But I think they are torn on making decisions, since asking big taxes to casinos would benefit the whole country than favoring to those gambling addicts that don't have anything to do than gambling.

[yazher]

Yes, they are I hope that this thing can help their economy too, for them to create more funds for their infrastructure and security, it can create different jobs that can help their citizens, there's a lot of opportunity for this if they will continue to support gambling industry, in my country most of the gamblers are foreigners but I think the law is not equal in here for locals and foreigners.

From what we have seen, prohibition never work against gambling. It is similar to certain other sectors. Look at Saudi Arabia. Alcohol is banned there. But in every nook and corner, you can find cheap supply of locally brewed liquor. Cannabis is banned in India. But you can find tens of millions of people, who use the stuff regularly. And countries where gambling is banned have the largest per capita population of gamblers. Legalizing gambling can bring down the crime rate, increase tax revenues and create new employment.

People always look for a way to play especially those people who are already long addicted to gambling. The only difference is the authority in the lowest sectors, if they act as a discipline as their leaders then there can't be any anomaly in their respective cities. Aside from this new law, I think its the best for them to check every official's bank account history if there is something to see. If they really wanted some changes in their economies.

[rodskee]

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

A big applause for the Cambodian Government giving a fair gambling site to its people. If the probably "fair" is really a fair one, then it is a good step on solving gambling addiction that leads to poverty of certain individuals. They don't also ask for too big tax on the casino to balance it, it's a give and take for both parties.

They are just doing what they think will improve their government as Gambling nowadays are getting higher revenue in every places their presence is popular,Even countries that formerly strict like cambodia and Japan is now making this way to attract gamblers and gambling community.

Other countries (especially the third world ones) should also implement such thing to solve poverty slowly as well. But I think they are torn on making decisions, since asking big taxes to casinos would benefit the whole country than favoring to those gambling addicts that don't have anything to do than gambling.

Many third world countries has a slightest rules towards gambling because they already knew the advantage of having many gambling operators and gamblers in their respective places.

[Cling18]

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

I think another reason is their government would benefit from it as well. Taxes from gambling has a huge part in a country's economic growth as well as the positive effect of it in tourism which I think is an advantage for their country just like the strategies of the countries that you have mentioned. Despite the struggle of high taxes, the legalization of gambling is still very good news for most gamblers.

[mu_enrico]

Lower tax is a classic strategy to attract foreign investment. However, besides low taxes, they need to have sellable tourism attractions and access to get there for this policy to work. Anyway, I cannot find the list of "pre-approved zone" anywhere on the internet, so it is a bit vague at the moment, but my guess is the area near the Thailand border so that the tourist can get there easily.

[RokokGudangGaram]

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

I really agree on your statement here. Cambodia then can be primary alternative destination for some gamblers who are more price sensitive. And just like the replies of the many, Cambodia is thriving with its tourism industry as it is famous for cultural and natural tourism. These industries then, gambling and tourism industry, can really help the country to attract visitors and investors regardless of the taxes.

[plvbob0070]

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

A big applause for the Cambodian Government giving a fair gambling site to its people. If the probably "fair" is really a fair one, then it is a good step on solving gambling addiction that leads to poverty of certain individuals. They don't also ask for too big tax on the casino to balance it, it's a give and take for both parties.

Other countries (especially the third world ones) should also implement such thing to solve poverty slowly as well. But I think they are torn on making decisions, since asking big taxes to casinos would benefit the whole country than favoring to those gambling addicts that don't have anything to do than gambling.

I don't know to relate gambling addiction to poverty since there are also cases where those who are struggling financially are the ones who get more addicted to gambling. So giving a fairer regulation towards gamblers in the gambling industry does not necessarily mean solving poverty especially in third world countries.

But even if the government lowers the tax rate, they will still benefit since it will attract more gamblers where they can still collect more. So it's still a win-win situation for them.

[Noctis Connor]

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

It's true why that macau are just neighbor of China, However Cambodia to open some of this kind of event just to help their economy to rise up again with the of taxing people who loves gambling and this a good idea to those people who are addicted to gamble with in neighborhood they can easily go cambodia to play with and also helping them with their taxes not only my their attractive destination but in gambling, Not only Chinese people are into gambling nowadays people are now into gambling because they think it was the easiest way to earn money.

[panganib999]

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

I really agree on your statement here. Cambodia then can be primary alternative destination for some gamblers who are more price sensitive. And just like the replies of the many, Cambodia is thriving with its tourism industry as it is famous for cultural and natural tourism. These industries then, gambling and tourism industry, can really help the country to attract visitors and investors regardless of the taxes.

Cambodia is a very wonderful country. I am not that so knowledgeable in Cambodia but I read a lot about it. This country wants are definitely possible because we all know that its economy isn't that just normal. We all now that it is soaring high just like the other country. The idea of Cambodia new law to be globally competetive in gambling is a possible idea because in their countey they have one of the most modernized era. Lowering the tax may end up for those some new gamblers to invite to play more. But in the other hand is it a good shot? Becauee we all know that poverty is one of the most common problem of some countries. Lowering the tax may end up more gamblers and more gamblers may end up more people most likely to loose and to win. It is good to lower the taxes but most importantly measure every situation so it may be still in balance

[madnessteat]

Lower tax is a classic strategy to attract foreign investment. However, besides low taxes, they need to have sellable tourism attractions and access to get there for this policy to work. Anyway, I cannot find the list of "pre-approved zone" anywhere on the internet, so it is a bit vague at the moment, but my guess is the area near the Thailand border so that the tourist can get there easily.

In fact, there are many interesting places in Cambodia for tourists to visit. Take, for example, the temple complex of Angkor Wat, which is a UNESCO World Heritage Site. I think that almost every tourist who visited Cambodia has been there.

Just imagine what kind of gambling infrastructure can be built in Cambodia using cheap labor and their relatively small taxes.

[Fredomago]

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

Probably they will because obviously gambling is another possible source of income they count on.  Macau is not for everybody exactly for the fact that it's expensive so Cambodia has the good chance to profile itself as an affordable gambling destination. We'll see if they will take this chance although that is the last train to my opinion because online gambling is becoming more and more dominant.

The presence of online gambling really affects this types of business, there are more gamblers now who also consider playing infront of their devices and not to bother taking trips abroad just to enjoy gambling. With a much easier access and convenience online gambling also gaining good support from people who love this activity.

In the side of Combodia's decision about this, given the fact above with tourist who are into gambling it will be gain
interest as those save money to travel to macau can add to their bankroll if they'll fly to Combodia instead of macau.

[shield132]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

There is so huge population in India, it will be impossible to control everything, that's why people get prescription medicines from India without problems. Same should apply to casinos, if local ones aren't allowed, then underground ones will shine but it won't be tax-free too (haha, I mean that they should have to pay some money to policemen to be still in shadow).

In overall, any country that bans gaming is losing a lot of profit and even worse is that money goes from their country to another one, where gambling is allowed. Nor country is winner, no gambler but another country where it's allowed. Ban on gambling looks like to ban drinking of water at home and push your roommates to buy them at grocery stores (but your money is wasted in it).

[qwertyup23]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

It may be relatively higher but one cannot deny the fact that this heading towards a better implementation in the future.

Once the government of a country realizes the economic affect of the gambling industry, it means that they view it as a profitable institution which may bring revenue to them. In addition, this revenue will be catered towards improving infrastructures or anything that the Government needs that uses its revenue.

With your case in India, maybe the government has yet to see its economic impact on the country given that maybe only a handful of gambling institutions are erected there. Another thing, the population of India is so significantly huge that other problems are needed to be focused rather than gambling.

[South Park]

All I know is gambling is illegal in Cambodia but by changing their laws that benefit their gamblers operators, can only mean that they are changing their direction and wants to focus on their tourism and adding more revenues through gambling, many country will implement this kind of laws and they want to take this opporturnity to be a step ahead.

It is obvious that due to the pandemic a great deal of countries that in the past would have never considered to reverse their position regarding gambling and other issues are probably going to do it in the hopes of generating new sources of income, I really think this is going to translate itself as well in many countries eventually legalizing some illegal drugs, this will reduce the amount of money they spend on their justice system while at the same time bring much needed cash to their coffers so it will be a win-win for them.

[milewilda]

All I know is gambling is illegal in Cambodia but by changing their laws that benefit their gamblers operators, can only mean that they are changing their direction and wants to focus on their tourism and adding more revenues through gambling, many country will implement this kind of laws and they want to take this opporturnity to be a step ahead.

It is obvious that due to the pandemic a great deal of countries that in the past would have never considered to reverse their position regarding gambling and other issues are probably going to do it in the hopes of generating new sources of income, I really think this is going to translate itself as well in many countries eventually legalizing some illegal drugs, this will reduce the amount of money they spend on their justice system while at the same time bring much needed cash to their coffers so it will be a win-win for them.

Legalizing some illegal drugs? That would really create some serious issues even to think that the plan on legalizing marijuana on some countries did really make out some
long argumentation and how much more on drugs? dont know where you do get the idea but to think that not all government would really be out of their minds to make
such decision.Its understandable that there would be reverting on gambling business decision but not into that drugs one.
They would really be reverting on things which they do saw that can really benefit them out specially into this pandemic situation.

[MCobian]

Like the Cambodia government, this new law is enforced to increase state revenue, because the tax that will be imposed for
gambling by 7% is quite large in my opinion. Considering that the circulation of money in the world of  gambling is usually
very large, So putting 7% for tax payments is pretty big. At least the Cambodia government has the courage to take this decision
in order to restore the country's economy due to the current pandemic. If Cambodia is successful with this new law, this may be
a consideration for other countries to do the same thing that has been done by the government of Cambodia.

[AicecreaME]

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

It may be relatively higher but one cannot deny the fact that this heading towards a better implementation in the future.

Once the government of a country realizes the economic affect of the gambling industry, it means that they view it as a profitable institution which may bring revenue to them. In addition, this revenue will be catered towards improving infrastructures or anything that the Government needs that uses its revenue.

With your case in India, maybe the government has yet to see its economic impact on the country given that maybe only a handful of gambling institutions are erected there. Another thing, the population of India is so significantly huge that other problems are needed to be focused rather than gambling.

It's funny how the Government makes bad hobby a legal one by giving it a license and of course getting a license requires a lot of paper works and money, Government really knows how to get benefits on the hobbies of its own people to nurture their economy, and gambling is one of the examples of bad hobbies.

The problem in India is not about its huge population, because no matter how big the population is, if they have a good leader, they will make a way to solve and use gambling to sustain their economy. Underground gambling is not an ideal way because a lot of violence might happen that will cause more problem to their Government unlike being a regulated one.

[michellee]

It's funny how the Government makes bad hobby a legal one by giving it a license and of course getting a license requires a lot of paper works and money, Government really knows how to get benefits on the hobbies of its own people to nurture their economy, and gambling is one of the examples of bad hobbies.

The problem in India is not about its huge population, because no matter how big the population is, if they have a good leader, they will make a way to solve and use gambling to sustain their economy. Underground gambling is not an ideal way because a lot of violence might happen that will cause more problem to their Government unlike being a regulated one.

Maybe the government does not think about gambling as a hobby, so they give a license to the casino. If they want to get more taxes from the casino, they need to give protection by giving a license to them so that the casino can operate without a problem in the future. If the casino can give taxes to the government, it will be more income for the government, and they can grow the economy of that country. I think the institution will watch how gambling will not affect people becoming addicted to gambling.

[Reatim]

Like the Cambodia government, this new law is enforced to increase state revenue, because the tax that will be imposed for
gambling by 7% is quite large in my opinion.

Do you get the point here?Cambodia is lowering their taxes towards gambling and how come that this becomes higher?and also this is reenactment meaning they are adjusting to favor the gambling industry .

Considering that the circulation of money in the world of  gambling is usually
very large, So putting 7% for tax payments is pretty big. At least the Cambodia government has the courage to take this decision
in order to restore the country's economy due to the current pandemic.

7% is not that high comparing to others that impose 10% and more so i don't see any abuse here.

If Cambodia is successful with this new law, this may be
a consideration for other countries to do the same thing that has been done by the government of Cambodia.

Like what japan did recently this is to Lure more gambling businessman in their country so don't take it as a larger revenue target,because they even make it lower.

[shoreno]

Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

With your case in India, maybe the government has yet to see its economic impact on the country given that maybe only a handful of gambling institutions are erected there. Another thing, the population of India is so significantly huge that other problems are needed to be focused rather than gambling.

The problem in India is not about its huge population, because no matter how big the population is, if they have a good leader, they will make a way to solve and use gambling to sustain their economy. Underground gambling is not an ideal way because a lot of violence might happen that will cause more problem to their Government unlike being a regulated one.

they dont need to continue underground gambling because government are going to be warm with them and supply them with the needs to be able to verify their own casino. the reason why many gambling are operating underground is because of charges and they think that the government is going to be after them .

another is the huge population of india . if gambling is finaly legal the gambling business will be verry profitable on that country  . government can then provide help for the poor cause by huge population

[mu_enrico]

Angkor Wat

Dude, religious places are not the type of attraction suitable for gambling purposes.
For foreign investment, casinos/resorts need a pristine place, like a beach or mountain area.
You know, gambling + alcohol + hooker

[bitterguy28]

The presence of online gambling really affects this types of business, there are more gamblers now who also consider playing infront of their devices and not to bother taking trips abroad just to enjoy gambling. With a much easier access and convenience online gambling also gaining good support from people who love this activity.

Practically wise for many gamblers now specially when the pandemic starts asmany of casinos are closed and even now the capacity is limited so gamblers find safeplace to dispatch their desires and now they found Online gambling and some find Crypto betting in which more practical because the chance of winning is there second with the chance of gaining the value of the currency you are using to bet.

In the side of Combodia's decision about this, given the fact above with tourist who are into gambling it will be gain
interest as those save money to travel to macau can add to their bankroll if they'll fly to Combodia instead of macau.

I believe that Cambodia already Hosts a Poker tournament recently maybe this is the reason why they consider this decision,and making enactment in gambling rules and taxation is one best way to bring the community worldwide.