Cambodia’s government collected US$48 million in levies from the country’s casino industry in 2016, a year-on-year increase of 40 percent, reported the Khmer Times newspaper, quoting a senior official.
It cited Ros Phearun, of the country’s Ministry of Economy and Finance, as saying an agreement with NagaCorp Ltd – operator of the NagaWorld casino resort in the capital Phnom Penh – had resulted in additional payments to the government on that firm’s non-gaming activities. This had been a major factor in the overall increase in government take from the casino sector, added the official.
The newspaper said NagaCorp last year also increased its monthly gaming levy payments to the Ministry of Economy.
The report also said – quoting Mr Phearun – that what he termed “online gaming” was permitted at NagaWorld and that revenue for that activity had increased.
In February, Hong Kong-listed NagaCorp posted 2016 net profit up by 7 percent from the previous year.
The news outlet said that as of December 31, a total of 77 casino licences were held in Cambodia, with 65 the subject of ongoing operations – many involving casinos near Cambodia’s borders with Thailand and Vietnam.
The finance ministry has for several years said the country plans to enact a gaming law, with a view to attracting further international investment to its casino market.
Jan 24, 2022Andrea Domingo, chairman and chief executive of the Philippine casino regulator, says her institution and the casino licensees in the country “are still committed” to relief effort to help...
Jan 24, 2022
Jan 24, 2022
”The lockdowns, movement restrictions and temporary closure of gaming operations have tremendously affected our revenues, but Pagcor and our licensed casinos will continue to support the government in helping Filipinos in need"
Chairman and chief executive of Philippine Amusement and Gaming Corp