Government And Stakeholders Discuss New Cambodian Gambling Laws
By Casinomeister, Last updated Oct 28, 2016
Latest draft is mainly about land casinos, but online gambling changes are also envisaged
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
A report in the Khmer Times revealed Friday that government ministers and private industry stakeholders gathered to discuss the latest draft of the changes, which deal mainly with land casino operations but include a proposal that online gambling be confined to licensed land casino properties.
Whilst the tax implications have not yet been finalised, the newspaper reported that government is currently considering a rate around the 4 to 5 percent of GGR mark, almost double the current rate, which so far this year has produced a tax harvest of $37.4 million.
The latest draft also outlines government's intention to set up an all-powerful regulator titled Gaming Management Committee, which will have wide oversight responsibilities covering regulatory drafting, tax collection and enforcement.
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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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