Cambodia enacts new laws related to gambling.

ice098

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Quote from: South Park on December 15, 2020, 05:56:04 PM

Quote from: Saisher on December 13, 2020, 03:44:14 AM

All I know is gambling is illegal in Cambodia but by changing their laws that benefit their gamblers operators, can only mean that they are changing their direction and wants to focus on their tourism and adding more revenues through gambling, many country will implement this kind of laws and they want to take this opporturnity to be a step ahead.

It is obvious that due to the pandemic a great deal of countries that in the past would have never considered to reverse their position regarding gambling and other issues are probably going to do it in the hopes of generating new sources of income, I really think this is going to translate itself as well in many countries eventually legalizing some illegal drugs, this will reduce the amount of money they spend on their justice system while at the same time bring much needed cash to their coffers so it will be a win-win for them.

Pandemic brought a realization to the leaders of one country to become an open minded to consider the significance of gambling in their economy. And this is what Cambodia has come to realize because despite of the crises we have, each and every nations knows how to stand up alreay their economic downfall and considering online gamblinh to be legally implemented can help supoort the economy of one country.

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Quote from: Fredomago on December 15, 2020, 02:29:59 PM

The presence of online gambling really affects this types of business, there are more gamblers now who also consider playing infront of their devices and not to bother taking trips abroad just to enjoy gambling. With a much easier access and convenience online gambling also gaining good support from people who love this activity.

Practically wise for many gamblers now specially when the pandemic starts asmany of casinos are closed and even now the capacity is limited so gamblers find safeplace to dispatch their desires and now they found Online gambling and some find Crypto betting in which more practical because the chance of winning is there second with the chance of gaining the value of the currency you are using to bet.

Quote from: Fredomago on December 15, 2020, 02:29:59 PM

In the side of Combodia's decision about this, given the fact above with tourist who are into gambling it will be gain
interest as those save money to travel to macau can add to their bankroll if they'll fly to Combodia instead of macau.

I believe that Cambodia already Hosts a Poker tournament recently maybe this is the reason why they consider this decision,and making enactment in gambling rules and taxation is one best way to bring the community worldwide.

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Quote from: madnessteat on December 15, 2020, 01:44:13 PM

Angkor Wat

Dude, religious places are not the type of attraction suitable for gambling purposes.
For foreign investment, casinos/resorts need a pristine place, like a beach or mountain area.
You know, gambling + alcohol + hooker Grin

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Quote from: AicecreaME on December 15, 2020, 11:02:48 PM

Quote from: qwertyup23 on December 15, 2020, 02:52:37 PM

Quote from: Sithara007 on December 10, 2020, 10:14:06 PM

Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

With your case in India, maybe the government has yet to see its economic impact on the country given that maybe only a handful of gambling institutions are erected there. Another thing, the population of India is so significantly huge that other problems are needed to be focused rather than gambling.

The problem in India is not about its huge population, because no matter how big the population is, if they have a good leader, they will make a way to solve and use gambling to sustain their economy. Underground gambling is not an ideal way because a lot of violence might happen that will cause more problem to their Government unlike being a regulated one.

they dont need to continue underground gambling because government are going to be warm with them and supply them with the needs to be able to verify their own casino. the reason why many gambling are operating underground is because of charges and they think that the government is going to be after them .

another is the huge population of india . if gambling is finaly legal the gambling business will be verry profitable on that country . government can then provide help for the poor cause by huge population

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Quote from: MCobian on December 15, 2020, 06:21:24 PM

Like the Cambodia government, this new law is enforced to increase state revenue, because the tax that will be imposed for
gambling by 7% is quite large in my opinion.

Do you get the point here?Cambodia is lowering their taxes towards gambling and how come that this becomes higher?and also this is reenactment meaning they are adjusting to favor the gambling industry .

Quote from: MCobian on December 15, 2020, 06:21:24 PM

Considering that the circulation of money in the world of gambling is usually
very large, So putting 7% for tax payments is pretty big. At least the Cambodia government has the courage to take this decision
in order to restore the country's economy due to the current pandemic.

7% is not that high comparing to others that impose 10% and more so i don't see any abuse here.

Quote from: MCobian on December 15, 2020, 06:21:24 PM

If Cambodia is successful with this new law, this may be
a consideration for other countries to do the same thing that has been done by the government of Cambodia.

Like what japan did recently this is to Lure more gambling businessman in their country so don't take it as a larger revenue target,because they even make it lower.

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Quote from: AicecreaME on December 15, 2020, 11:02:48 PM

It's funny how the Government makes bad hobby a legal one by giving it a license and of course getting a license requires a lot of paper works and money, Government really knows how to get benefits on the hobbies of its own people to nurture their economy, and gambling is one of the examples of bad hobbies.

The problem in India is not about its huge population, because no matter how big the population is, if they have a good leader, they will make a way to solve and use gambling to sustain their economy. Underground gambling is not an ideal way because a lot of violence might happen that will cause more problem to their Government unlike being a regulated one.

Maybe the government does not think about gambling as a hobby, so they give a license to the casino. If they want to get more taxes from the casino, they need to give protection by giving a license to them so that the casino can operate without a problem in the future. If the casino can give taxes to the government, it will be more income for the government, and they can grow the economy of that country. I think the institution will watch how gambling will not affect people becoming addicted to gambling.

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Quote from: qwertyup23 on December 15, 2020, 02:52:37 PM

Quote from: Sithara007 on December 10, 2020, 10:14:06 PM

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

It may be relatively higher but one cannot deny the fact that this heading towards a better implementation in the future.

Once the government of a country realizes the economic affect of the gambling industry, it means that they view it as a profitable institution which may bring revenue to them. In addition, this revenue will be catered towards improving infrastructures or anything that the Government needs that uses its revenue.

With your case in India, maybe the government has yet to see its economic impact on the country given that maybe only a handful of gambling institutions are erected there. Another thing, the population of India is so significantly huge that other problems are needed to be focused rather than gambling.

It's funny how the Government makes bad hobby a legal one by giving it a license and of course getting a license requires a lot of paper works and money, Government really knows how to get benefits on the hobbies of its own people to nurture their economy, and gambling is one of the examples of bad hobbies.

The problem in India is not about its huge population, because no matter how big the population is, if they have a good leader, they will make a way to solve and use gambling to sustain their economy. Underground gambling is not an ideal way because a lot of violence might happen that will cause more problem to their Government unlike being a regulated one.

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Like the Cambodia government, this new law is enforced to increase state revenue, because the tax that will be imposed for
gambling by 7% is quite large in my opinion. Considering that the circulation of money in the world of gambling is usually
very large, So putting 7% for tax payments is pretty big. At least the Cambodia government has the courage to take this decision
in order to restore the country's economy due to the current pandemic. If Cambodia is successful with this new law, this may be
a consideration for other countries to do the same thing that has been done by the government of Cambodia.

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Quote from: South Park on December 15, 2020, 05:56:04 PM

Quote from: Saisher on December 13, 2020, 03:44:14 AM

All I know is gambling is illegal in Cambodia but by changing their laws that benefit their gamblers operators, can only mean that they are changing their direction and wants to focus on their tourism and adding more revenues through gambling, many country will implement this kind of laws and they want to take this opporturnity to be a step ahead.

It is obvious that due to the pandemic a great deal of countries that in the past would have never considered to reverse their position regarding gambling and other issues are probably going to do it in the hopes of generating new sources of income, I really think this is going to translate itself as well in many countries eventually legalizing some illegal drugs, this will reduce the amount of money they spend on their justice system while at the same time bring much needed cash to their coffers so it will be a win-win for them.

Legalizing some illegal drugs? That would really create some serious issues even to think that the plan on legalizing marijuana on some countries did really make out some
long argumentation and how much more on drugs? dont know where you do get the idea but to think that not all government would really be out of their minds to make
such decision.Its understandable that there would be reverting on gambling business decision but not into that drugs one.
They would really be reverting on things which they do saw that can really benefit them out specially into this pandemic situation.

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Quote from: Saisher on December 13, 2020, 03:44:14 AM

All I know is gambling is illegal in Cambodia but by changing their laws that benefit their gamblers operators, can only mean that they are changing their direction and wants to focus on their tourism and adding more revenues through gambling, many country will implement this kind of laws and they want to take this opporturnity to be a step ahead.

It is obvious that due to the pandemic a great deal of countries that in the past would have never considered to reverse their position regarding gambling and other issues are probably going to do it in the hopes of generating new sources of income, I really think this is going to translate itself as well in many countries eventually legalizing some illegal drugs, this will reduce the amount of money they spend on their justice system while at the same time bring much needed cash to their coffers so it will be a win-win for them.

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Quote from: Sithara007 on December 10, 2020, 10:14:06 PM

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

It may be relatively higher but one cannot deny the fact that this heading towards a better implementation in the future.

Once the government of a country realizes the economic affect of the gambling industry, it means that they view it as a profitable institution which may bring revenue to them. In addition, this revenue will be catered towards improving infrastructures or anything that the Government needs that uses its revenue.

With your case in India, maybe the government has yet to see its economic impact on the country given that maybe only a handful of gambling institutions are erected there. Another thing, the population of India is so significantly huge that other problems are needed to be focused rather than gambling.

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Quote from: Sithara007 on December 10, 2020, 10:14:06 PM

I still believe that 7% is on the higher side, as most of the other nations have lower taxes. But I must congratulate the Cambodian government for the fact that they have legalized and regulated the gambling industry there. Here in India, the government is refusing to do that and as a result the gambling is mostly done underground away from the eyes of the government authorities.

There is so huge population in India, it will be impossible to control everything, that's why people get prescription medicines from India without problems. Same should apply to casinos, if local ones aren't allowed, then underground ones will shine but it won't be tax-free too (haha, I mean that they should have to pay some money to policemen to be still in shadow).

In overall, any country that bans gaming is losing a lot of profit and even worse is that money goes from their country to another one, where gambling is allowed. Nor country is winner, no gambler but another country where it's allowed. Ban on gambling looks like to ban drinking of water at home and push your roommates to buy them at grocery stores (but your money is wasted in it).

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Quote from: bryant.coleman on December 13, 2020, 11:47:45 PM

Quote from: peter0425 on December 13, 2020, 10:54:56 PM

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

Probably they will because obviously gambling is another possible source of income they count on. Macau is not for everybody exactly for the fact that it's expensive so Cambodia has the good chance to profile itself as an affordable gambling destination. We'll see if they will take this chance although that is the last train to my opinion because online gambling is becoming more and more dominant.

The presence of online gambling really affects this types of business, there are more gamblers now who also consider playing infront of their devices and not to bother taking trips abroad just to enjoy gambling. With a much easier access and convenience online gambling also gaining good support from people who love this activity.

In the side of Combodia's decision about this, given the fact above with tourist who are into gambling it will be gain
interest as those save money to travel to macau can add to their bankroll if they'll fly to Combodia instead of macau.

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Quote from: mu_enrico on December 15, 2020, 10:06:08 AM

Lower tax is a classic strategy to attract foreign investment. However, besides low taxes, they need to have sellable tourism attractions and access to get there for this policy to work. Anyway, I cannot find the list of "pre-approved zone" anywhere on the internet, so it is a bit vague at the moment, but my guess is the area near the Thailand border so that the tourist can get there easily.

In fact, there are many interesting places in Cambodia for tourists to visit. Take, for example, the temple complex of Angkor Wat, which is a UNESCO World Heritage Site. I think that almost every tourist who visited Cambodia has been there.

Just imagine what kind of gambling infrastructure can be built in Cambodia using cheap labor and their relatively small taxes.

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Quote from: RokokGudangGaram on December 15, 2020, 10:50:30 AM

Quote from: bryant.coleman on December 13, 2020, 11:47:45 PM

Quote from: peter0425 on December 13, 2020, 10:54:56 PM

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

I really agree on your statement here. Cambodia then can be primary alternative destination for some gamblers who are more price sensitive. And just like the replies of the many, Cambodia is thriving with its tourism industry as it is famous for cultural and natural tourism. These industries then, gambling and tourism industry, can really help the country to attract visitors and investors regardless of the taxes.

Cambodia is a very wonderful country. I am not that so knowledgeable in Cambodia but I read a lot about it. This country wants are definitely possible because we all know that its economy isn't that just normal. We all now that it is soaring high just like the other country. The idea of Cambodia new law to be globally competetive in gambling is a possible idea because in their countey they have one of the most modernized era. Lowering the tax may end up for those some new gamblers to invite to play more. But in the other hand is it a good shot? Becauee we all know that poverty is one of the most common problem of some countries. Lowering the tax may end up more gamblers and more gamblers may end up more people most likely to loose and to win. It is good to lower the taxes but most importantly measure every situation so it may be still in balance

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Quote from: bryant.coleman on December 13, 2020, 11:47:45 PM

Quote from: peter0425 on December 13, 2020, 10:54:56 PM

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

It's true why that macau are just neighbor of China, However Cambodia to open some of this kind of event just to help their economy to rise up again with the of taxing people who loves gambling and this a good idea to those people who are addicted to gamble with in neighborhood they can easily go cambodia to play with and also helping them with their taxes not only my their attractive destination but in gambling, Not only Chinese people are into gambling nowadays people are now into gambling because they think it was the easiest way to earn money.

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Quote from: AicecreaME on December 15, 2020, 06:05:40 AM

Quote from: fiulpro on December 10, 2020, 01:55:46 PM

What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?

A big applause for the Cambodian Government giving a fair gambling site to its people. If the probably "fair" is really a fair one, then it is a good step on solving gambling addiction that leads to poverty of certain individuals. They don't also ask for too big tax on the casino to balance it, it's a give and take for both parties.

Other countries (especially the third world ones) should also implement such thing to solve poverty slowly as well. But I think they are torn on making decisions, since asking big taxes to casinos would benefit the whole country than favoring to those gambling addicts that don't have anything to do than gambling.

I don't know to relate gambling addiction to poverty since there are also cases where those who are struggling financially are the ones who get more addicted to gambling. So giving a fairer regulation towards gamblers in the gambling industry does not necessarily mean solving poverty especially in third world countries.

But even if the government lowers the tax rate, they will still benefit since it will attract more gamblers where they can still collect more. So it's still a win-win situation for them.

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Quote from: bryant.coleman on December 13, 2020, 11:47:45 PM

Quote from: peter0425 on December 13, 2020, 10:54:56 PM

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

I really agree on your statement here. Cambodia then can be primary alternative destination for some gamblers who are more price sensitive. And just like the replies of the many, Cambodia is thriving with its tourism industry as it is famous for cultural and natural tourism. These industries then, gambling and tourism industry, can really help the country to attract visitors and investors regardless of the taxes.

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Lower tax is a classic strategy to attract foreign investment. However, besides low taxes, they need to have sellable tourism attractions and access to get there for this policy to work. Anyway, I cannot find the list of "pre-approved zone" anywhere on the internet, so it is a bit vague at the moment, but my guess is the area near the Thailand border so that the tourist can get there easily.

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Quote from: bryant.coleman on December 13, 2020, 11:47:45 PM

Quote from: peter0425 on December 13, 2020, 10:54:56 PM

Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.

I think another reason is their government would benefit from it as well. Taxes from gambling has a huge part in a country's economic growth as well as the positive effect of it in tourism which I think is an advantage for their country just like the strategies of the countries that you have mentioned. Despite the struggle of high taxes, the legalization of gambling is still very good news for most gamblers.

Topic: Cambodia enacts new laws related to gambling. (Read 776 times)