On 14 November 2020, the Law on the Management of Commercial Gambling (“ Gambling Law ”), the first comprehensive legislation to regulate casinos and commercial gambling centers in Cambodia, was promulgated. Online Gambling Shutting Down in Cambodia . Cambodia is on the cusp of a nation-wide online casinos shut down. With a voted ban on the gaming industry, all Internet casinos in the Kingdom should be coming to a halt on January 1, 2020. Those refusing will face stern legal ramifications, a government spokesman confirmed on December 25. The new legal framework places a gross gaming revenue tax on casinos, requiring 4% on VIP gaming activity and 7% on the mass gaming segment. Cambodia: talk of online gambling’s return Located between Thailand, Laos and Vietnam, Cambodia is known for being a country that is open to gambling industry gradually. Even though, It is obvious that gambling under any form is prohibited under Kram January 26, 1996, in 2002, there was an exception was made when a company called CamboSix was given a 9-year license to be the sole legal bookmaker in our country. Cambodia Casinos & Gambling Cambodia is a kingdom in Asia with legal gambling for foreign visitors. Gambling in any form by citizens was outlawed in 1996 but the law is loosely enforced. The first license was granted to NagaWorld in 1994, which at that time occupied a boat on the Tonle Sap river in the country's capital of Phnom Penh. Gambling Laws in Cambodia. Gambling in Cambodia is illegal under the Law on Suppression of Gambling from 1996 and its amendments, in all its diversity. This law contains precise definitions of the forms of gambling that are prohibited in the country such as casino games, card games, betting etc. including all forms of online gambling in Cambodia. Cambodia keeps busting unauthorized online gambling operators, while the government is adamant that the legal option is never, ever, EVER coming back. On Tuesday, the Phnom Penh Post reported that The Law on the Management of Integrated Resorts and Commercial Gambling (LMCG), he asserts, will lead to greater tourism, which will spur Cambodia’s economic growth while seeing more jobs come to the country. The new legal framework places a gross gaming revenue tax on casinos, requiring 4% on VIP gaming activity and 7% on the mass gaming Since most of the countries bordering Cambodia do not have legal gambling industries, the Cambodian government wanted to capitalize on this and started building casinos located on well-known resort areas and border town to attract foreign gamblers while making it illegal for its citizens. Gambling in Cambodia Online Gambling in physical locations like casinos are loosely checked in Cambodia, which means that locals can enjoy some games, provided they know where to go. Physical casinos are limited, so the next best thing for those who want to enjoy the games is to check out online gambling.
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