Tax revenue collected from Cambodia’s casinos jumped by about 40 percent in 2016 helped by increasing volumes, government efforts to improve tax collection and an accord with the country’s biggest operator Naga Corp.
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 Naga World 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 Naga World since they complied with our requirement to pay on non-gaming revenue,” he said.
Naga World 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.