Cambodia enacts new laws related to gambling.

[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.