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Taxes and fees that are shown are estimates only. Up until , Cambodians were allowed to use slot machines. This practice was then prohibited by the government.
Gambling-related violence was cited as a cause. Many inside Cambodia have noted that enforcement of the gambling ban is somewhat spotty.
Yet, by the letter of the law, violation of the ban can lead to a fine or even jail time. Supporters of Cambodia casinos often say that the increased tax revenues more than make up for any negative impacts.
Some claim that gaming taxes were instrumental in the economic prosperity of both Singapore and Macau. Or Saroeun, Preah Sihanouk provincial hall spokesperson, told the local media that more casinos in Cambodia will be good for the economy.
According to him, there will a bigger demand for products and services that vendors, businessmen, and others will just be happy to meet.
Proponents say that Cambodia casinos bring more employment opportunities and increase the value of land for sale in Cambodia.
The mere mention of casinos often generates controversy. In countries where they are present, casinos are often heavily regulated.
Many medical bodies across the world have recognised the problem of compulsive gambling. There have been reports of both foreigners and locals in the Kingdom who have resorted to crime because of their addiction to gambling.
Additionally, some believe that certain casinos in Cambodia are being used for money laundering. The latest Basel Anti-Money Laundering Index ranked Cambodia among the countries in the world most vulnerable to money laundering.
Casinos, according to him, are not always good for a country and its people. He cited money laundering, human trafficking, and social problems as the most likely negative effects arising from a growing gambling industry.
Since most of Cambodia's casinos are in Sihanoukville, many are curious what it's like inside.
They cater to mainly Chinese patrons. So, are there Chinese games? Do they play poker? In the last few years, Cambodia has been trying to reform laws governing gambling and related activities.
Gaming companies from Macau, the US and other places have been hesitant to invest in Cambodia because of outdated laws and tax codes.
In , legislation was proposed that would overhaul the current regulations. The proposal was meant to generate more state revenue while also attracting more visitors from around the globe.
However, the proposal has yet to be passed five years later. The GMC will be responsible for ensuring that casino operators follow standard internal financial controls to guard against money laundering and other illegal activities.
And if you want a full briefing on Cambodia, download our Investment Guide Subscribe to our email newsletter to get the latest updates delivered right to your inbox for FREE!.