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“Generally a casino’s gross revenue will exceed prices by between 10 to 25 per cent depending on its dimension. In our case it is at best 22 per cent,” Mr Dunford wrote in the letter. More casinos are considering shutting down, in accordance with Association of Gaming Operators Kenya chairperson Ronald Karauri. Industry insiders mentioned the economics of the business may not allow them to shoulder the additional tax burden, forcing them to shut up store. However, the lack of a obtain software for iOS and Android gadgets is a bit bitter.

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The flat taxation treats the companies the identical despite their totally different fashions and cost buildings, which the earlier tax regime seems to have taken into account. Pambazuka National Lottery, for example, final month suspended its operations and its affiliate sports activities betting firm SportPesa cancelled its Sh600 million annual funding to numerous sports organisations. We just don’t see how we will presumably survive a tax of 35 1xbet.mibi per cent on gross revenue.

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The case comes after months of stress to reverse an order slashing playing hours which was at one time rescinded by former board chairman Lucas Maitha before being restored by BCLB director Amos Kwasi. He added that should casinos close up shop, the business will either go offshore or underground. Gross annual turnover of casinos in Kenya stands at an estimated $20 million , in accordance with a report by advisory agency PricewaterhouseCoopers . Golden Key has annual gross revenue of roughly Sh200 million on which it used to pay a gaming tax of Sh24 million under the earlier tax fee of 12 per cent of the turnover.

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