• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Cambodia govt income from gaming tax up 12 pct in 2014

Mar 24, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


Cambodia govt income from gaming tax up 12 pct in 2014

The Cambodia government collected a total of US$25 million in taxes from gaming revenue in 2014, up by 12 percent year-on-year, a senior government official told the country’s Cambodian Television Network on Monday.

“[The] casino sector has not only generated revenue for the state’s coffer, but also contributed to developing areas along the border,” Ros Phirun, director general of the financial industry department at the country’s Ministry of Finance, was quoted saying.

According to the broadcaster, Mr Phirun said he expects a more modest growth of 4 percent this year, to US$26 million.

The official said that there are currently 59 casinos in operation in the country, all of them established along border areas, except for NagaWorld (pictured), the only casino resort in Cambodia’s capital Phnom Penh.

Annual gross gaming revenue at NagaWorld grew by 23 percent year-on-year in 2014 to US$381.4 million, said the venue’s operator NagaCorp Ltd.

Last year, Cambodia recorded 4.5 million international visitor arrivals, a 7 percent rise from the prior-year, according to data from the country’s Ministry of Tourism.

Visitors from Vietnam topped the list, accounting for 20.1 percent of the total, followed by tourists from China, accounting for 12.4 percent. Arrivals from China increased by 21 percent year-on-year to 560,335 visitors in 2014.

The Cambodian government is said to be in the process of amending its gaming laws in a bid to draw major casino operators to the country. In September, a government spokesman said the country was considering allowing its citizens to gamble in casinos.

Under Cambodia’s Law on the Suppression of Gambling adopted by the National Assembly in 1996, gambling in any form is technically illegal for Cambodian citizens, unless they have access to a foreign passport.

Foreign investors have been showing increasing interest in the market, especially as Chinese players wary of China’s anti-corruption drive look for new venues beyond Macau.

Boutique casino operator Donaco International Ltd in January announced it had agreed to acquire the Star Vegas Resort and Club casino property in Poipet, a town on Cambodia’s border with Thailand, for a consideration of US$360 million.


  • tweet
Related articles
  • China restates action on overseas-bet fugitives
    China restates action on overseas-bet...

    Aug 17, 2022  

  • Casino op NagaCorp repurchases fraction 2024 senior notes
    Casino op NagaCorp repurchases fraction...

    Aug 15, 2022  

More news
  • Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss
    Galaxy Ent 2Q EBITDA dips 41pct...

    Aug 18, 2022  

  • GEN HK liquidators considering offers on Manila venue stake
    GEN HK liquidators considering offers...

    Aug 18, 2022  


Latest News

Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss

Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss

Aug 18, 2022  

Second-quarter net revenue at Macau casino operator Galaxy Entertainment Group Ltd declined 40.9 percent sequentially to HKD2.42 billion (US$309.0 million). Such revenue was down 56.4 percent from...
Read More
GEN HK liquidators considering offers on Manila venue stake

GEN HK liquidators considering offers on Manila venue stake

Aug 18, 2022  

Kangwon 2022 rev US$1bln if Covid easing holds: broker

Kangwon 2022 rev US$1bln if Covid easing holds: broker

Aug 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"We warn the cross-border gambling crime suspects to stop their criminal acts, to return to the country, and turn themselves in so that they could still be granted lenient treatment"

Wang Wenbin

Spokesman from China’s Ministry of Foreign Affairs



Most Popular

  • Singapore’s Gambling Regulatory Authority inauguratedSingapore’s Gambling Regulatory Authority inaugurated August 16, 2022
  • China restates action on overseas-bet fugitivesChina restates action on overseas-bet fugitives August 17, 2022
  • Macau GGR 8-14 Aug US$10mln/day, up 120pct: brokerageMacau GGR 8-14 Aug US$10mln/day, up 120pct: brokerage August 16, 2022
  • David Chow exits board of casino services biz Macau LegendDavid Chow exits board of casino services biz Macau Legend August 17, 2022
  • Macau drops professional secrecy override from junket billMacau drops professional secrecy override from junket bill August 16, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us