Friday, February 20, 2009

Economic crisis: Gamblers hit by the blues

Slot machine parlors in Phnom Penh (Photo: Phnom Penh Post)

19 Feb 2009
By Ky Soklim Cambodge Soir Hebdo
Translated from French by Luc Sâr

Click here to read the article in French


On the side of the conference on the modernization of the banking system which was held on Thursday 19 Feb in Phnom Penh, Chea Peng Cheang, the state secretary to the ministry of Economy and Finance, announced that the government collects some $20 million from various gambling taxes.

This year, even though the government plans to see an increase of 12.5% from the gambling tax collection, this increase could be affected by the economic crisis. “The number of gamblers could decrease, they will gamble a smaller amount of money,” he said.

Gambling parlors (casinos, lottery sales, sport betting, etc…) are growing like mushrooms in the kingdom in the past few years. The majority of the casinos are located along the Thai and Vietnamese borders. Betting parlors which were originally found in Phnom Penh mainly, are now growing in the provinces.

The opposition party regularly scolds the government for authorizing such activities which ruin the society and pushing people to robbery and violence. Chea Peng Cheang said that he prefers legal gambling to illegal gambling which was prevalent in the past: “I am reflecting on the critics, but I think that, now, gambling is correctly controlled by the authorities. The situation is not that bad,” Chea Peng Cheang defended.

5 comments:

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Anonymous said...

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-Anonymous said...
None of the above, but Ah Jkout (Heng Soy) is the biggest of all rats.

6:47 AM


-Anonymous said...
Agree 1000% 6:47.

Ah pleur Heng Soy has brain for shit, and is the most useful idiots of all at KI Media (a.k.a. SRP Media).

Especially, mi kadeouy Socheata is such a silly slut that her posts are actually full of hatred and non-sensical articles, full of nothing but criticism for Khmers.

Wherilla

7:02 AM

-Anonymous said...
KI Media please stop injecting the colorful meaning title to mislead the actual content. It's annoying and only hurt your reputation....if you want people to respect your view please do in a mature way. I'm a Hun Sen critic myself, but sometimes I find the title of your articles funny(in a bad way). You are giving ammunition to those who support Hun Sen as the above commentators have shown.

KNM

8:25 AM


more detail:
http://ki-media.blogspot.com/2009/02/which-is-bigger-chinese-rat-sumatran.html

Anonymous said...

The ones who annoy by Ki-Media are the thieves of the nation like their master, Hun Kwak. I'm not annoying or disturbed by Ki-Media report. I reads it 3 to 4 times a day. I totally support this website.

I don't believe the guy, chea peng cheang, declares $20 tax was collected from the casino. Only 10% goes to government coffin and the rest was pocketed by this guy and the rest of CPP.

I don't have any confidence from CPP at all. This regime is evil and Hanoi regime.

Anonymous said...

Oh my God! $20 million taxed from cansino! That a lot of money! That why so many Slot machine parlors (before cracking down)in Phnom Penh under the name of Club? Are Slot machines taxed the same as legal Casino? Why don't we sell all farmsland and construct or invest in that casino?

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