Cambodia aims to woo resorts with new casino law

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.

Ministry of Economy and Finance official Ros Phearun told Nikkei Asia on Monday that the new regulations will provide for a “safe and sound” and “competitive” sector, and were tailored to attract more integrated commercial gambling developments rather than standalone casinos.

In full: https://asia.nikkei.com/Business/Travel-Leisure/Cambodia-aims-to-woo-resorts-with-new-casino-law

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