The bill approved by the National Assembly sets the minimum capital for investment in a casino and adds a tax on GGR.
Cambodia.- The National Assembly of Cambodia has passed a law that will make casinos reporting entities for the prevention of money laundering and terrorism financing.
Lawmakers unanimously approved the bill, which will also set a minimum capital for casino investments in Cambodia, where only tourists can legally gamble.
it also includes a 7 per cent tax on gross gaming revenue (GGR).
Economy and Finance Minister Aun Pornmoniroth said: “The law is aimed at further strengthening the management of commercial gaming facilities in Cambodia so as to contribute to boosting economic growth, promoting tourism, increasing tax revenue as well as maintaining social safety and security.”
There are 193 licensed casinos in Cambodia, Xinhua agency reports, but only 10 have resumed operations since the Covid-19 lockdown, which officially extended from April 1 to July 3. Casinos must obtain permission from the Ministry of Health to reopen.