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“Generally a casino’s gross revenue will exceed costs by between 10 to 25 per cent relying on its size. In our case it is at greatest 22 per cent,” Mr Dunford wrote within the letter. More casinos are contemplating shutting down, based on Association of Gaming Operators Kenya chairperson Ronald Karauri. Industry insiders said the economics of the enterprise might not allow them to shoulder the extra tax burden, forcing them to close up store. However, the lack of a download software for iOS and Android gadgets is a bit bitter. Downloading an APK file is solely superfluous if it’s only linked to the browser app.
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The flat taxation treats the businesses the same despite their completely different models and price structures, which the earlier tax regime appears to have taken into consideration. Pambazuka National Lottery, for instance, final month suspended its operations and its affiliate sports activities betting agency SportPesa cancelled its Sh600 million annual funding to various sports organisations. We simply don’t see how we are in a position to presumably survive a tax of 35 per cent on gross revenue. We can only consider cessation of operations to avoid continuous losses,” Martin Dunford, a director of Golden Key Casino, wrote within the letter.
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