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Travel & Leisure

Cambodia aims to woo resorts with new casino law

Framework sets ultralow tax rates but Naga keeps Phnom Penh monopoly

Cambodia's new casino law leaves NagaWorld's monopoly over Phnom Penh in place until 2045. (Photo by Masayori Ishikawa)

PHNOM PENH -- Cambodia will boast one of the world's lowest tax rates for casinos under a new law that the government says will create a "safe and sound" sector and help attract greater investment.

The Law on the Management of Commercial Gambling, enacted last month, establishes a 97-article legal framework that includes tax rates and license requirements, as well as a new regulatory body to oversee the industry. The law replaces a patchwork of legislation and ad hoc agreements that have hitherto governed casinos in the country.

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