Regulation to stimulate growth

Cambodia is expected to introduce its long-awaited casino regulation in September, which may attract further investment to one of Asia’s most vibrant markets. The government is planning to hold a regulatory seminar, bringing together officials and industry executives and is expected to introduce the updated rules. Under the new legislation, casinos will likely face a system of taxation based on gross gaming revenue and unified reporting. The rules will also stipulate new minimum capital levels for properties, though there is expected to be a period of grace to allow many of the smaller casinos to comply. Rhys Jones, managing director of the Ha Tien Vegas casino on the Vietnam border, says the rules should provide more transparency and improve confidence for investors. Over the past year, Cambodia has seen an explosion in its casino industry, with about 184 licenses having now been issued, Jones said in a presentation to the World...

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