Cambodia Cashes In

Gaming revenues in Cambodia were up a robust 33 percent in 2015. The Finance Ministry credits better tax collection for the boost, which beat the previous three years by more than 21 percent.

More from non-gaming sources

Cambodia’s casino industry contributed a total of US$34.7 million in taxes to the kingdom’s government in 2015, a 33 percent increase over the previous year, according to the Finance Ministry.

Ros Phearun, the ministry’s deputy director-general, told the Cambodia Daily the increase was due to a stronger tax collection strategy that improved “the transparency, efficiency and equity of the tax system and monitored tax collection more closely … (and) helped the government collect more tax revenue from largely untapped non-gambling sources within casinos.”

NagaWorld, located in the capital city of Phnom Penh, kicked in more revenues “from clubs, hotels, restaurants, karaoke and massage parlors, as they charge gamblers for these additional services,” Phearun said. The casino’s contribution amounted to about 23 percent of the total.

NagaWorld, the largest of Cambodia’s 59 casinos, is a NagaCorp property.