Cambodia enacts new laws related to gambling.

[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.