Browsing: Casino in Tanzania

The Tanzanian gaming sector has been taking tremendous shifts over the past five years, witnessing various investors taking a bite into Tanzania’s gaming market with open hands.

According to the ongoing prospects in the gaming industry in Tanzania, it is worth exploring the scenario that: gaming activities might have a substantial contribution to Tanzania’s Revenue Authority (TRA) tax collections.

More importantly, the Tanzanian government is having an all-out strategy to enhance its revenue collection, hence—it managed to score an all-time record of $ 762.4 million tax collection in September 2019.

Per Tanzania’s Ministry of Finance and Planning report, during the financial year 2018/2019, Tanzania garnered over $ 6 billion in tax revenue, whereas—the Gaming Board of Tanzania (GBT), indicates that the sector’s contribution to the government reached over $ 41 million in the fiscal year 2018/2019, compared to $ 33 million in 2017.

The gaming industry has witnessed a …