Gaming international online betting uganda revenue
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As it is, the threat of licence suspension is the way out for the Kenyan government to get the betting companies to be tax-compliant. And just like Kenya, Nigeria is also working on improving its revenue base by taking advantage of the online sports betting industry.
Users of betting platforms in Nigeria currently do not pay VAT. The morality angle An official in one of the Nigerian betting companies once affirmed that the industry is providing employment as well as empowerment to young people. And there appears to be no workaround for these companies. With no issuance of new licences, the current players only have the grace till their licences expire before they close shop.
For the Ugandan government, the focus should rather be on the negative social effects of the industry on people. What next? In all the cases above, local betting companies will be the ones to bear the major loss, as users have alternatives in international online betting platforms that can be accessed. In the case of Uganda, it is not beyond the government to block access to these international betting platforms, as it has done with social media in the past. On the other hand, the country could increase the age limit of people that can be involved in sports betting.
This may be enough reason for reconsideration by the government. Will the East African country have a rethink on its decision? Will other African countries follow suit?
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Gaming International is the leading sports entertainment company in Africa. With an extensive footprint in East and Central Africa. Betting can be done physically, using SMS or online. We will keep you posted. Staff Writer. Start making money online today with Bitcoin. Find out how here! I No 10 of What are the categories of licenses issued in Uganda? The Lotteries and Gaming Act prescribes the following licenses to be issued under the act. License to conduct a National Lottery License to conduct a Public Lottery License to operate a casino or a casino operating license.
License to provide facilities for playing bingo, or a bingo operating license. License to provide facilities for betting other than pool betting, or a general betting operating license. License to provide facilities for pool betting, or a pool betting operating license. License to act as a betting intermediary or a betting intermediary operating license. License to make gaming or betting machines available for use in a gaming or betting center or a gaming or betting machine general operating license.
License to manufacture, supply, install, adapt, maintain or repair a gaming or betting machine, or a part of a gaming or betting machine or a gaming or betting machine technical operating license; or License to manufacture, supply, install or adapt gambling software or a gambling software operating license.
What is the license application and award procedure?
Gaming international online betting uganda revenue nfl football betting odds 2022
National Gaming Board proposes new tough rules to govern gaming and betting in Uganda
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