Cambodia enacts new laws related to gambling.

[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.