Cambodia sees casino tax revenue halved in 2020 asgam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asgam.com Daily Mail and Mail on Sunday newspapers.
Cambodia aims to woo resorts with new casino law
Cambodia s new casino law leaves NagaWorld s monopoly over Phnom Penh in place until 2045. (Photo by Masayori Ishikawa)
Cambodia will boast one of the world s lowest tax rates for casinos under a new law that the government says will create a safe and sound sector and help attract greater investment.
The Law on the Management of Commercial Gambling, enacted last month, establishes a 97-article legal framework that includes tax rates and license requirements, as well as a new regulatory body to oversee the industry. The law replaces a patchwork of legislation and ad hoc agreements that have hitherto governed casinos in the country.