Phnom Penh: Cambodia to improve business management to secure and collect revenue from casinos for economic development of society.
HE Meng Van, the Royal Government’s Delegate to the General Directorate of the General Department of Financial Industry, said that the Ministry of Economy and Finance cooperated with the Ministry of Interior to draft a Law on Management of Resort, Recreation and Gambling. American experts will advise on the management and direct collection of revenues from the gambling industry.
At a press conference on gambling organized at the Sofitel Phnom Penh Hotel on September 7, HE Governor had advised learning about the rules of gambling laws from international standards.
He confirmed before the representatives of Aristocrat, SG Gaming, Donaco International and Holiday Palace that this is a move to increase the management of casinos in Cambodia, in order to to manage and engage the gaming industry and promote efficiency, transparency and accountability conforming to international standards.
According to the report, in 2017, tax revenues from the casino sector declined. Business registrations at the Ministry of Economy and Finance show about 93 casinos operating, but only 78 paid any tax.
https://cne.wtf/2018/09/08/new-casino-laws-drafted/
Casino Tax Revenues Down in 2017??
- Bong Burgundy
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- Sonic1
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'about 93 casinos" with only 78 paying any taxes. The honor system not been working out with these casino owners? Think it might be time to do some regulating....do you? (The increase in revenues is large enough to catch the eye of equity analysts recently regarding declining Macau revenues.) The mob did a better job running Vegas 50 years ago.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
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Ill wager that the taxes owed by these casinos far exceeds that of what was owed by the CD. I also bet the Casinoa will somehow be able to stay open.
- ផោមក្លិនស្អុយ
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Cynicism is a very unbecoming trait.kansaicanuck wrote:Ill wager that the taxes owed by these casinos far exceeds that of what was owed by the CD. I also bet the Casinoa will somehow be able to stay open.
I wager that you won’t be able to find anyone to take that bet!
- Sonic1
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Do they actually not know the number of casinos in their own country? I predict 5 to 10 years of chineese turf war followed by a macau type gentrification. Then of course an Angela Jolie film.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
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I'm paying 2/1 on a dollar bet! That's irresistible.ផោមក្លិនស្អុយ wrote:Cynicism is a very unbecoming trait.kansaicanuck wrote:Ill wager that the taxes owed by these casinos far exceeds that of what was owed by the CD. I also bet the Casinoa will somehow be able to stay open.
I wager that you won’t be able to find anyone to take that bet!
- spitthedog
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Angelina Jolie saves Shitville on the big screen?Sonic1 wrote: Then of course an Angela Jolie film.
Didn't she step on a landmine and get splattered shortly after visiting Cambodia in that movie?
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