Africa
Kenyan Casinos getting choked by taxation
The Kenyan casinos are getting choked by the taxes and survival of the industry is under threat. Casinos in Kenya cautions the government about the loss of 10,000 jobs if they persist with the 35 per cent tax on revenue.
In a letter to the Betting Control and Licensing Board (BCLB) the Golden Key Casino Director, Martin Dunford brought to the focus of the government about the potential loss of 10,000 jobs in the Kenyan casino segment, if a 23 per cent rise on gaming revenue taxes stands.
Casinos pay a 12 per cent tax on turnover lately. In Mr Dunford’s perspective, the business “doesn’t see how it can possibly survive a tax of 35 per cent on gross revenue” as they “can only consider cessation of operations to avoid continual losses.”
They argued “We cannot pass on the 35 per cent tax to consumers by changing our odds or increasing our income,” and added : “If we are forced to cease operations, we will lose trained employees and pay terminal dues, making it very difficult to revive the industry at a later date.”
The sector is fighting hard to survive in a hostile environment. Kenyan authorities and casino executives are trying to overturn their position. The Association of Gaming Operators Kenya, Chairman Ronald Karauri stated: “Most of them (casinos) are saying we would rather just close.”
-
Africa6 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Industry News4 days ago
Pennsylvania Skill, powered by Pace-O-Matic, congratulates PA Gaming Control Board and casinos on a banner 2024 with record monthly revenue
-
Latest News4 days ago
FBM Foundation spreads holiday cheer with initiatives in Brazil and the Philippines
-
Australia5 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
eSports6 days ago
GRID Joins IBIA as an Associate Member, Strengthening Esports Integrity
-
Interviews6 days ago
FTDx Wins Xanada Startup Contest: Unlocking Untapped iGaming Traffic with Innovative Monetization Solutions
-
Asia3 days ago
India Levels Up: Emerging as a Global Gaming Powerhouse in 2024
-
Latest News5 days ago
Join the Danish Problem Gambling Committee’s Online Conference: A Critical Conversation on Problem Gambling Prevention and Treatment