Cambodia parliament passes gaming law

Cambodia parliament passes gaming law

Cambodia’s National Assembly has unanimously approved a long-awaited law to govern the country’s casinos. 

Economy and Finance Minister Aun Pornmoniroth said the bill sets a minimum capital for the investment in a casino and provides measures to combat money laundering and terrorist financing, Xinhua reports.

“The law is aimed at further strengthening the management of commercial gaming facilities in Cambodia so as to contribute to boosting economic growth, promoting tourism, increasing tax revenue as well as maintaining social safety and security,” he said at the session.

The minimum investment level has not yet been fixed and taxation has been confirmed at 7 percent of gross gambling revenue, although more detailed information was not immediately available.

At present, 15 casinos have reopened to the public in Cambodia after the Covid-19 lockdowns.