Cambodia enacts new laws related to gambling.

[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.

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[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.