• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Cambodia’s new casino bill faces likely delay: report

Dec 22, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


Cambodia’s new casino bill faces likely delay: report

A bill to regulate the management of Cambodia’s casino industry could be approved by the country’s National Assembly (pictured) in the first quarter of 2016, reported the Khmer Times newspaper, quoting an official from the Ministry of Economy and Finance.

It had previously been reported by the Cambodian media that such legislation might receive approval before the end of 2015.

Ros Phearun, a deputy director general of the ministry’s financial industry department, was quoted in the latest report saying that the main impetus for passage of the bill was the need to enforce tax collection from the casino industry.

The official said Cambodia had 63 licensed casinos, although some of them were not currently operating. The news outlet also reported that the government had collected US$28.8 million in revenue from casinos in the first nine months of the year.

Mr Phearun said a working group with representatives from his ministry and from the Ministry of Interior had already discussed the bill and agreed on it, but some issues related to “the social impact of the bill” were still awaiting clearance and final approval from Sar Kheng, the Interior Minister.

“We’ve submitted the bill to [him]… for a final review to see whether he wants to make additions or changes before we submit it to the Council of Ministers,” Mr Phearun said, according to the Khmer Times.

The media outlet also reported that Aun Porn Monitroth, Cambodia’s Minister of Economy and Finance, had told the National Assembly earlier this month that he plans to increase government revenues from the gaming industry to more than US$70 million next year, with most of the money coming from the casino sector.

In November the Khmer Times had said the National Bank of Cambodia estimated that income generated by Cambodia’s casinos via non-residents represents about 40 percent of the US$2 billion spent by foreign visitors to the country in 2014.


  • tweet
Related articles
  • Donaco states Star Vegas dispute ‘formally concluded’
    Donaco states Star Vegas dispute...

    Jan 12, 2021  

  • 2020 pandemic forced casinos to evolve: experts
    2020 pandemic forced casinos to evolve:...

    Dec 31, 2020  

More news
  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  

  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  


Latest News

Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Were China’s central government-backed digital yuan (CNY) to be adopted in Macau for casino chip transactions, it could in the long run benefit mass and premium-mass play, as cross-border money...
Read More
Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Melco likely to take on more debt for expansion: Moody’sMelco likely to take on more debt for expansion: Moody’s January 20, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us