Cambodia’s draft bill on the management of commercial gambling could help the country become a more appealing destination to international casino operators in the long run, particularly because of its proposed low tax rate on gaming revenue and a more developed regulatory framework, industry observers have suggested to GGRAsia.
The long-awaited bill – known as the Law on the Management of Integrated Resorts and Commercial Gambling (LMIRCG) – was approved by Cambodia’s national assembly last week, and is now to be reviewed by the country’s senate. The draft law sets a minimum capital requirement for investment in a casino project, and designates which areas in the country will be allowed to offer commercial gambling, according to media reports.
The draft law could pave the way to attract investment from international casino operators to Cambodia’s tourism and gaming markets, said two separate industry observers.
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