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Nigeria Announces Automated VAT Collection Process on Lottery and Gaming Activities

Niji Narayan

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Nigeria Announces Automated VAT Collection Process on Lottery and Gaming Activities
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The Federal Government in Nigeria has unveiled an automation collection process that would be used to charge Value Added Tax (VAT) on lottery and gaming activities.

The forum, organised by the Federal Inland Revenue Service (FIRS) in conjunction with the National Regulatory Commission (NLRC), had the FIRS Chairman, Tunde Fowler, assure the sector operators that every concern would be addressed and transparently.

“This is not a tax on the business, but on a bettor, who hopes to win. You also have to realise that 85% of VAT goes to the state, which are supposed to be closer to us. In this case, we are all winners.” Also at the event were the Director-General of NLRC, Lanre Gbajabiamila; the representatives of the Senate Committee Chairman on Sports; the Chairman, House Committee on Governmental Affairs; and industry operators.

Speaking at the session, Gbajabiamila stated that lottery and gaming operators collect VAT from users of the industry’s services without remitting such to the government, a situation that results in revenue losses. He also noted that betting slips issued to consumers do not indicate VAT as they should.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Africa

Nairobi High Court Suspends Ban on Gambling Ads

Niji Narayan

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Nairobi High Court Suspends Ban on Gambling Ads
Image Source: shutterstock.com
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Nairobi high court judge James Makau has suspended the ban on gambling ads after the musician Muriji Kamau Wanjohi complained that the ban robbed him of his right to make celebrity endorsements.

Wanjohi argued that the ban deprived him of income since he “earns a living thorough endorsement of products and services due to his influence and celebrity status”.

The government brought in a raft of new regulations earlier this month – including bans on such endorsements and advertising on social media – saying the rapidly growing industry was harming the young and the poor.

According to the interior ministry, the gaming industry in Kenya has grown substantially over the last five years, to 200 billion shillings ($1.98 billion) from 2 billion.

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Africa

BtoBet Launches Francophone Africa Handbook

George Miller

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BtoBet Launches Francophone Africa Handbook
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Provides a focus of the region’s evolving technological profile, and details how its tailored content augments the local players’ UX

 

As the African iGaming market continues to pick up speed, platform market leader BtoBet has launched an industry report with a deep focus on the Francophone African countries. The report “Francophone Handbook: Augmenting user experience through tailored content” provides operators with all the essential data and statistics for all the region’s 26 countries as regards to internet and smartphone penetration, mobile internet usage, the local population’s access to financial institutions and mobile money.

The report also provides insight on the tailored approach that operators ought to undertake in Africa from a technological and content perspective, whilst making reference to BtoBet’s tailored content portfolio for the local market, presenting offerings for bookmakers and online casino operators alike that have been optimized for the local context, striking a balance on the player preference and tech scenario shaping the region.

BtoBet’s Chief Marketing Officer, Sabrina Soldà, also explains how the local consumers are increasingly opting for offerings that combine an outstanding and personalised user experience with an intuitive interface. An evolution of the African player that the vast majority of the operators and platform providers are still not able to address, and thus continuously falling behind or even failing in terms of closing the gap to the high UX and UI that now set the standard in the more established markets.

BtoBet’s team of experts are travelling to Ivory Coast to attend the GEFA expo that is set to take place in Abidjan from the 26th until the 28th June to showcase the company’s highly customizable technological solutions which enable operators to take hold of the exponential growth of the African market. Those operators keen on entering or expanding their activities should either book a meeting or send an email on sales@btobet.com.

DOWNLOAD BtoBet’s latest Industry Report to have a deep insight regarding the evolving situation in Francophone Africa.

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Africa

EGT Introduces Spider Casino Management System in Africa

Niji Narayan

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EGT Introduces Spider Casino Management System in Africa
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Euro Games Technology has introduced the Spider casino management system in Africa. It has taken place in Winbet’s newest gaming hall in Dar es Salaam, Tanzania, after the owner appreciated the software as a valuable asset, having it installed in the rest of its operations in other countries.

“It is remarkable to see our system initiated outside Europe. Winbet is our partner for several years now and Spider CMS has improved the efficiency of their casino operations, customer loyalty programs and player satisfaction to a great extent. The product has been installed in its full capacity, so I have no doubts in its performance in Tanzania. It is ready to meet all specifics of the local market,” Petar Spasov, head of EGT’s Casino Management Systems Department said.

Spider CMS includes different modules, each securing the control of certain casino activities. The player tracking and bonusing modules enrich the software with valuable features, like real-time information about the players, detailed client history, customisable loyalty and incentive programs, different types of bonus points, cashable or promotional credit rewards, new level of interactive instant rewarding, among others.

“The customization abilities of our product are its core advantage. It may be easily tailored to the requirements of any operator in any part of the world. Spider CMS is also simple to install and connect, requires a non-complex IT infrastructure, has a user-friendly interface and supports many features. The best part is that it is always evolving to cover more and more aspects of operator’s business,” Spasov added.

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