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set up designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.
Topic: Cambodia enacts new laws related to gambling. - page 6. (Read 776 times)
A good initiative for Cambodia, they lowered their taxes that is much lower than other countries, this is very surprising considering that Cambodia is not a very rich country but they prefer to lower their taxes in favor of making them a gambling-friendly country, this is something to watch here, do they have a plan to become the next Macau because they
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.
Well 7% is for recreational Gaming which means the 4% in normal gaming is still lowest.what was the fast rate from Cambodia for comparison..
Seems like more and more countries now are reviewing and adjusting their gambling Taxation.it is Japan that i read first and now cambodia no wonder what turns those government for this?
Does it mean Gambling becomes more Venue for taxation now since the pandemic ruins each economy?
It's a very good news actually. Government meddling with casino companies to make a deal is always good for the players and citizens. Because then it will make gambling-friendly laws as well as insurance companies popping up making the players more secure if they feel they will lose as well as make profits for the government which will be beneficial to the citizens if government uses the profit as tax and do benefits to the citizens.
What do they mean with fairer gambling and gambling conditions? Are they having a problem with the services or the legality because it seems to lean more on services. How come players are getting unfair plays in gambling houses for a long time?
I do not know much about Cambodia but this law seems to be a positive for players and the tax seems to on the low side of the spectrum, 7% seems to be not a good number for me. I do not get why the government take on this lower percentage when they could have imposed higher, gambling will always flourish and for me, if they want a big piece of that gambling pie, they should get their hands to a bigger percentage.
I do not know much about Cambodia but this law seems to be a positive for players and the tax seems to on the low side of the spectrum, 7% seems to be not a good number for me. I do not get why the government take on this lower percentage when they could have imposed higher, gambling will always flourish and for me, if they want a big piece of that gambling pie, they should get their hands to a bigger percentage.
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.
This is something what is quite failed to understand that why not legalize country and get the benefits to economy via taxes. If it is related to religion which states ban then those people would not play else instead of users gambling offline or in some other way government is losing taxes. Different government has different reasons it seems to keep it ban rather than just regulate it and will attract more tourist as well who love gambling.
Good for Cambodian people now they can choose to gamble freely and enjoy their time.
What are your thoughts on this ?
my thoughts are positive on this one . i dont know what they have eaten on why they decide to make gambling better on thier country but i think they see the benefits on gambling that it can help the country during these pandemic times . they didnt think twice for making it happen but we gamblers can assure them that they have done the right choice .Should such actions be taken by other countries too ? What's stopping them though?
yes of course this is a great step towards gambling and i dont see a reason why would every other countries will do it but whats stopping them could be thier greedy governance thinking that they can be able to get less tax than what they are getting before . 
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.
So a good news for all the players from Cambodia , the government is now enacting new laws to make the games more fair for the people. The tax on gaming will be 4% and 7% will be on recreational gaming , which is much less than other countries.
https://www.gamblingnews.com/news/cambodia-introduces-and-enacts-new-gambling-law/
The gambling committee will further look into that matter and at the same time this would mean that players will get a better and fair play which would inturn 11 government ministers who will actually form this law.
They will have a specific favoured zone in which gambling will be permitted. Now these conditions won't just be fair for the government but it would be fair for both the people and the companies involved.
This is a much needed step which every country needs to take soon.
What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?
https://www.gamblingnews.com/news/cambodia-introduces-and-enacts-new-gambling-law/
The gambling committee will further look into that matter and at the same time this would mean that players will get a better and fair play which would inturn 11 government ministers who will actually form this law.
They will have a specific favoured zone in which gambling will be permitted. Now these conditions won't just be fair for the government but it would be fair for both the people and the companies involved.
This is a much needed step which every country needs to take soon.
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A new watchdog known as the Integrated Resort Management and Commercial Gambling Committee will be in charge of enforcing the new regulation.
The watchdog will include 11 government ministers to be shortlisted and approved soon. Cambodia will now designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.
The country will also assign a special “favored zone” status, which means that the government may permit gambling operations there in future.
Cambodia’s new regulatory framework is a first attempt by the country to enforce laws that allow authorities to regulate gambling with fairness and seek fairer gaming conditions for everyone.
The watchdog will include 11 government ministers to be shortlisted and approved soon. Cambodia will now designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.
The country will also assign a special “favored zone” status, which means that the government may permit gambling operations there in future.
Cambodia’s new regulatory framework is a first attempt by the country to enforce laws that allow authorities to regulate gambling with fairness and seek fairer gaming conditions for everyone.
What are your thoughts on this ?
Should such actions be taken by other countries too ? What's stopping them though?
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