After talking with high-level officials from the Cambodian government at the Nagacorp results meeting, the Union Gaming analysts said the representatives from the ministry of economy and finance, the ministry of tourism and the ministry of the interior, the team got the impression that the government would be aiming at a single-digit tax on GGR.
This would be significantly lower than the current lowest rate in the region of a blended 10 percent in Singapore.
"This makes sense in order to attract further investment into Cambodia,” said Union Gaming’s Grant Govertsen in a note to clients. He added that though the lower single-digit tax rate was below the consensus from other analysts, the union team forecasts a tax close to 5 percent.
Govertsen
said the tax rate issue now being resolved would help focus the minds of
investors on the upcoming Naga2 project which is slated to open in September.
Source: GMB / Totallygaming.com
