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GTI Global Network > News > International
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New law is coming! Cambodia will implement new gaming law

Cambodia’s Ministry of Economy and Finance has officially published the new Law on the Management of Integrated Resorts and Commercial Gambling (LMCG). It is reported that the legislation, which was passed by the National Assembly in August, is intended to boost the economic growth by promoting the tourism sector and creating jobs. It also legislates on tax revenues, competencies, rules and procedures for integrated commercial gambling centres and commercial gambling. The law states that a new regulatory body for gambling must be established. This will probably be the Integrated Resort Management and Commercial Gambling Committee. The law establishes a standard for commercial gambling and a minimum capital for casino investments in the Kingdom of Cambodia, where only tourists can legally gamble.

The legislation divides Cambodia into three distinct gaming zones: Prohibited Zones where gaming is not allowed in any shape or form, Permitted Zones, where operators such as NagaCorp already hold gaming licences, and Favored Zones, such as the coastal provinces of Sihanouk and Koh Kong, which are now the only areas where new integrated resorts can be developed.

With 12 Chapters and 97 Articles, the law imposes taxes of 7 per cent on gross gaming revenue (GGR) for mass gaming and 4 per cent on VIP operations. There are 193 licenced casinos in Cambodia, although not all of them have reopened after Covid-19 lockdown restrictions since they must first obtain permission from the Ministry of Health. (2020/12/10)

 
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