Ros Phearun, a deputy director-general of the Finance Ministry’s financial
industry department, was cited by local media as saying that the government and
NagaWorld had agreed on additional payments for non-gaming activities. This led
to a big increase in tax revenue from the industry.
"Now, we have got more from NagaWorld since they complied with our requirement
to pay on non-gaming revenue,” he said.
NagaWorld last year also increased its payments of the monthly gaming
obligations to the Ministry of Economy and Finance (MOEF), paying $ 410,987
last year compared with $ 365,322 in 2015.
Phearun also noted online gaming, which the government has allowed, is also on
the rise. "We also notice an increase in revenue from online gaming because the
casino now can offer it to customers outside the country, ” he said, without
providing figures.
At the end of last year, 77 casino licenses were held in Cambodia, 65 of which
were in operation.
Source: GMB / AG Brief
