{"id":31710,"date":"2022-07-13T05:22:15","date_gmt":"2022-07-13T08:22:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31710"},"modified":"2026-04-23T06:54:50","modified_gmt":"2026-04-23T09:54:50","slug":"cambodias-casino-tax-revenue-comes-in-below-expectations-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cambodias-casino-tax-revenue-comes-in-below-expectations-in-h1","title":{"rendered":"Cambodia&#8217;s casino tax revenue comes in below expectations in H1"},"content":{"rendered":"\n<p>First-half gaming tax revenue was just over eight per cent of the amount required by Cambodia&#8217;s budget law.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Despite being one of the first countries in the region to reopen its borders, Cambodia is still struggling with a lack of tourists in the wake of the Covid-19 pandemic. As a result, the Cambodian government&#8217;s revenue from commercial gambling in the first half of 2022 was well below expectations.<\/p>\n\n\n\n<p>According to The Phnom Penh Post, as of June 30,\u00a0<strong>only 20 of the more than 200 casinos licensed in or after 2021 were operating<\/strong>. That pushed down first-half state income collection from the sector to just over eight per cent of the amount required by country&#8217;s budget law.<\/p>\n\n\n\n<p>The Law on the Management of Integrated Resorts and Commercial Gambling\u00a0(LMCG) <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-introduces-new-gaming-law\" target=\"_blank\">enacted in November 2020<\/a>\u00a0requires the government to take KHR174.2bn (US$43.55m) in revenue from the gambling sector and that casinos renew their licences every year.<\/p>\n\n\n\n<p>In May,\u00a0<strong>Ros Phearun<\/strong>, deputy director-general at the Finance Ministry\u2019s Financial Industry Department pointed out that some operators with casinos in border areas, including in the towns of Poipet and Bavet, had not yet\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/casinos-on-cambodias-borders-remain-closed-despite-no-new-covid-19-cases\" target=\"_blank\">applied to renew their licences<\/a>.<\/p>\n\n\n\n<p>Phearun told The Phnom Penh Post: &#8220;We\u2019ve seen that local tourists are taking trips, but international tourism remains limited, on which the commercial gambling sector depends, especially in border areas with Thailand and Vietnam that have only just recently opened. Commercial gambling operations have just resumed, leading to slow revenue collection.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First-half gaming tax revenue was just over eight per cent of the amount required by Cambodia&#8217;s budget law.<\/p>\n","protected":false},"author":176,"featured_media":20677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Cambodia's H1 2022 gaming tax revenue reached only 8% of its budget target, primarily due to a lack of international tourism post-pandemic and slow operational restarts. Despite over 200 licensed casinos, only 20 were active, leading to a significant shortfall against the KHR174.2bn (US$43.55m) annual revenue goal mandated by the LMCG.","focusai_entities":"Ros Phearun, Finance Ministry\u2019s Financial Industry Department, The Phnom Penh Post","focusai_location":"Cambodia, Poipet, Bavet, Thailand, Vietnam","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Cambodia Gaming Revenue Outlook?","query":"What specific policy adjustments or enforcement measures is the Cambodian government considering to improve gaming tax revenue collection and ensure LMCG compliance among licensed operators in H2 2022 and beyond?"},{"label":"Operator License Renewal Impact?","query":"How will the low rate of casino license renewals and operational restarts impact the competitive landscape and potential for M&A activity within Cambodia's integrated resort sector?"}],"footnotes":""},"categories":[163,16333],"tags":[23907],"class_list":["post-31710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31710"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31710\/revisions"}],"predecessor-version":[{"id":31727,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31710\/revisions\/31727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20677"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}