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Casino Guru

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
Wild Casino
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
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?
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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
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
WRAL

Orange County man wins $953K in Cash 5 jackpot

An Efland man won a $953275 jackpot on Tuesday on a $1 Cash 5 ticket. Vann Ray bought his Quick Pick ticket from the Efland M-Mart on Mount Willing Road. On Wednesday, he arrived at lottery headquarters to collect his prize. After state and federal tax withholdings, Ray took home $676921. Cash 5 is one of four lottery games in North Carolina where…
Winnings
Orange County man wins $953K in Cash 5 jackpot
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Casino News Daily

Greentube Alderney (Admiralcasino and Bell Fruit Casino) paid the UKGC for lapses in AML and social responsibility

The Gambling Commission in Great Britain has levied a settlement action against Greentube Alderney for money laundering-related violations and social responsibility shortcomings. The NOVOMATIC company holds five license types in the UK and operates Admiralcasino and Bell Fruit Casino there. The Commission began a regulatory review of the operator…
Law
Greentube Alderney (Admiralcasino and Bell Fruit Casino) paid the UKGC for lapses in AML and social responsibility
Gambling News

NagaWorld Casino Reopens Doors on July 8, VIP Tables and Slots Available for Guests

Cambodia's NagaWorld Casino will reopen doors on July 8. The operator has received a certificate, allowing it to resume operations. With that being said, the casino is still going to follow strict health and safety protocols. NagaCorp Ltd has announced that it will be reopening NagaWorld Casino's doors in Cambodia. The VIP tables and slots will be…
Sports
NagaWorld Casino Reopens Doors on July 8, VIP Tables and Slots Available for Guests