Cambodia implements legal changes for casinos
Cambodia is introducing new revenue-based tax model to regulate its gambling industry. The new rules will help Cambodia better oversee its casino industry, which has been a cause of concern for foreign capital, tourists and visitors. Cambodia is on the FATF's grey list.
Cambodia's Ministry of Economy and Finance has introduced new rules to combat the country's reputational crisis abroad. The new regulations aim to overhaul the gambling industry and improve the reputation of casinos. The five-year grace period for casinos before they are required to change their venue qualifications to "commercial gambling" is necessary as casinos cannot alter their status right away. Cambodia's new lump sum system will focus on gross gaming revenues.