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“We are requesting the CS to assume about reopening our businesses to enable us earn a residing,” He says. The sector has employed more than 10,000 folks and supporting the livelihood of about 30,000 individuals. The battle began in February when the board issued new guidelines which require casinos at the coast to open and close their companies at 11am and 5am. The gaming industry’s row with the overseer concerning restricted working hours has ended up in the High Court as one of the players seeks to test the powers of the Betting Control and Licensing Board .
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The flat taxation treats the companies the same despite their totally different models and price structures, 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 betting firm SportPesa cancelled its Sh600 million annual funding to varied sports organisations. We simply don’t see how we can probably survive a tax of 35 per cent on gross income.
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