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“Sihanoukville is set to get the Macau of Southeast Asia and can be described as a critical cog in the economy, not merely being a profits source, but in supplying variety in tourism products and solutions, adding amusement and gambling in a very Beach front-city setting,” he said.
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He claimed The federal government’s new money necessity is really a positive step ahead in strengthening the supervision from the gambling industry by having an emphasis read more of higher security and protection.
Nonetheless, due to the mass closure of casinos prompted by COVID-19, Phearun stated tax revenues from gambling had effectively halved in 2020. The ministry has however to receive tax revenue declarations from gambling corporations, he stated, but will resume auditing in 2022.
Sihanoukville was remodeled via the influx of casinos and accompanying Chinese hotels, eating places, and karaoke clubs, and Chinese nationals came to possess ninety % of businesses in the town.
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