The Cambodian Ministry of Finance and Economy in 2006 collected about 17 million U.S. dollars in tax revenues from the gambling industry, including casino, lottery and electronic gaming, the Cambodia Daily reported in Phnom Penh on Tuesday.
Casino tax revenues alone amounted to 13 million U.S. dollars, which exceeded the target casino revenues of 12.5 million U.S. dollars laid out in the 2006 national budget, Bankosal Ming, deputy director of the ministry's finance industry department, was quoted as saying.
According to another senior ministry official, Phnom Penh's NagaCorp Casino paid the lion's share of the revenues, or 2.4 million U.S. dollars, to the state coffers in 2006, while smaller casinos paid at varying levels based on their sizes.
In contrast to casinos, which are geared almost exclusively toward foreigners, the lottery, betting and electronic gaming cater to ordinary Cambodians, Bankosal Ming said.
The gambling industry is expected to contribute 19 million U.S. dollars in tax revenues in 2007, he added.
Source: Xinhua
Tuesday, January 16, 2007
Cambodia's gambling industry contributes 17 mln USD in tax revenues in 2006
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