#Ministry of Economy and Finance

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Cambodia implements legal changes for casinos

Cambodia is determined to break away from the ways of old once and for all, especially when this concerns its casino industry. In a new report by The Khmer Times, the media details a new revenue-based tax model that came into effect on December 30, 2022 that will now help the country better regulate its gambling industry and casinos. According to…
Industry
Cambodia implements legal changes for casinos
World Casino News

Cambodia executes fresh revenue-based tax model for casinos

From December 30, 2022, Cambodia's Ministry of Economy and Finance (MEF) began applying the latest revenue-based rules for taxes and procedures for commercial gambling business, aka casinos, to the self-proclaimed regime, after decades of applying a "lump sum" method of taxation, according to a senior official of the ministry. Decision on the…
Finance
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Sigma

Cambodia changes tax rules for commercial gambling businesses

Cambodia has changed tax regulations for commercial gambling businesses, moving towards a self-declaration regime. It has thus changed the lump sum-based system that had been in place since the 1990s. The new rules, the government says, also help implement anti-money laundering and anti-corruption rules, and combat tax evasion. The changes were…
Industry
Cambodia changes tax rules for commercial gambling businesses
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Cambodia Implements New Taxation Regime for Commercial Gambling Establishments

Cambodia has started to implement a new taxation regime on commercial gambling establishments, on a self-declaration basis. The new regime encompasses a revenue-based tax rule and procedures, following a lump sum-based regime which had been in place for decades. The gambling establishments are also required to follow the International Financial…
Finance
Cambodia Implements New Taxation Regime for Commercial Gambling Establishments
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Khmer Times

Authorities tighten noose around illegal gambling

Crackdown on illegal gambling should begin at the local level, according to the Cambodian Gambling Regulatory Committee (CEC). In Cambodia, gambling is allowed only for foreigners, and at licensed casinos. Ros Phearun, secretary general of Cambodian Gambling Management Committee of the Ministry of Economy and Finance, told local authorities that…
Law
Authorities tighten noose around illegal gambling
The Diplomat

Should Cambodia Ban Casinos?

To quickly answer the question posed in my headline: not yet. But the Cambodian government needs to at least put this possibility on the table, to set a fire under the feet of the casino owners. A statement must be made by Phnom Penh that casinos have less than 12 months to turn the current dire situation around. If they fail, then regular gambling…
Covid
Should Cambodia Ban Casinos?
Casino Guru

Cambodia seeks to boost tourism with 70 casino license renewals

Days after more than 40 people made an intrepid crossing from Cambodia and swam through the Mekong River back to Vietnam, the country is attempting to give a boost to its gaming sector and casino industry. The Khmer Times cited information by the General Secretariat of the Commercial Gambling Management Commission of Cambodia which confirmed that…
Travel
Cambodia seeks to boost tourism with 70 casino license renewals
Asgam

Cambodia renews 47 casino licenses in bid to boost sector

Cambodia's Ministry of Economy and Finance (MEF) says it has renewed 47 casino licenses and another seven games of chance licenses as it looks to help the gaming sector rebuild from the effects of the COVID-19 pandemic. The update, provided by the Ministry's General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) on…
Covid
Cambodia renews 47 casino licenses in bid to boost sector
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Yogonet

Cambodian government renews 70 licenses for casinos and gambling-oriented companies

The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has announced the renewal of 70 licenses to casino and game of chance companies in the second quarter of this year. The General Secretariat granted licenses to 47 casinos and seven games of chance companies on Friday,…
Covid
Cambodian government renews 70 licenses for casinos and gambling-oriented companies
iGaming Business

Uruguay’s senate passes bill to legalise online gambling

The bill was debated during a parliamentary session yesterday, where Uruguay's Chamber of Senators voted in favour of its implementation. The bill will now be sent to the country's House of Representatives for further consideration. If passed, the bill would allow the General Directorate of Casinos of the Ministry of Economy and Finance to regulate…
Politics
Uruguay’s senate passes bill to legalise online gambling
World Casino News

iGaming legalization measure floated in Uruguay

In Uruguay and the coalition government of President Luis Lacalle Pou has reportedly floated new legislation that would see the South American nation become the latest to legalize online casino gambling. According to a report from a source, the proposed measure would allow the county's Direccion General de Casinos regulator to issue fixed-term…
Travel
iGaming legalization measure floated in Uruguay
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Radio Free Asia

Wanted Chinese Kingpin Owns Casino With Cambodian Senator's Son-in-Law

Political connections in Cambodia have allowed a major Chinese fugitive to elude jail while building a business empire, an investigation by RFA has found. Xu Aimin was sentenced to 10 years in a Chinese prison in 2013 for masterminding an illicit international gambling ring with an estimated turnover of $1.75 billion. Rather than do the time for…
Law
Wanted Chinese Kingpin Owns Casino With Cambodian Senator's Son-in-Law