During 2008
Casino industry to generate us$ 20 million in taxes for Cambodia
(Cambodia).- The burgeoning casino industry is expected to provide us$ 20 million of tax revenues for the Cambodian government in 2008, reported the national English-Khmer newspaper the Cambodian Daily this week.
2008-02-20
Reading time 24 seg
According to the report, it contributed tax revenues of us$ 18 million in 2007, US$16 million in 2006 and us$ 12 million in 2005, the paper quoted statistics from the Ministry of Economics and Finance as saying.
The government calculates tax bills based on how many card tables and slot machines each establishment has, it said, adding that five new casinos opened in 2007, bring the total number to 29.
Currently, the largest casino concentrations are along the national borders, with 15 on the Thai frontier and 10 on the Vietnamese, as well as three in Sihanoukville and on in Phnom Penh.
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