Cambodia enacts new laws related to gambling.

[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.