Low tax rates on gross gaming revenue (GGR) is a plus for Cambodia’s casinos, which are then able to offer incentives, rebates and other perks to mass market players.
Daniel Li, an advisor to the Cambodia Commercial Gambling Management Commission, made the observation last week during a panel discussion at the Global Gaming Expo (G2E) Asia conference in Macau.
“One of the advantages Cambodia has over its neighbors is the low tax on GGR. We have 4 percent on VIP… and the mass market is 7 percent, compared to Vietnam, which is about 35 percent, and Singapore, which is about 18 percent and 22 percent.”
As reported by GGRAsia, Li said the low rate gives casinos including NagaWorld in Phnom Penh “the margin to find a niche … It may not be able to appeal to big players, but we still have a smaller capital market in terms of gambling capital.”
