Browsing: Gaming

• The game has been acquired for an undisclosed price in the “low seven figures.”
• This adds to the publications growing portfolio of word games including The Crossword, The Mini, and Spelling Bee
• As of December 2021, The NYT had over one million games subscriptions

It has now become common for one to come across a post on different social media platforms with the title Wordle accompanied by a specific figure and what appears to be a strange-looking yellow, green and black graph. 

This growing phenomenon is courtesy of a puzzle known as Wordle created by Brooklyn-based software engineer Josh Wardle in October 2021. 

The game initially created for Wardle and his partner Ms. Palak Shah has now been purchased by the New York Times (NYT) Company. According to the NYT, the game has been acquired for an undisclosed price in the “low seven figures.”

Read: Piecing the Puzzle of African …

There has been a recorded steady growth in the gaming industry in Tanzania, since the 2000s.

In a country that collects approximately US$ 6 billion in tax revenue per year, the gaming industry(casino gambling, sports betting, lottery, and slot machines) might come in handy to Tanzania Revenue Authority (TRA) when seeking taxes, even the Gaming Board of Tanzania, Director General, James Mbalwe affirms the sectors stake into the economy, during an interview with a local media outlet.

“We took a look into the industry, and its contribution to the GDP is around 3 percent” Director-General added

“Biko”,” Tatu Mzuka”, “Moja Spesho”- these popular money making numbers-gaming spheres have contributed immensely in stimulating the sports industry and gaming at large, as more people get attracted into the industry expecting an extra incentive apart from the leisure itself.

Read: Want to invest in the gaming industry in East Africa? Here’s what you

Taxing cash prize winners in Tanzania`s gaming industry is not only inadvertently hurting its rapid growth, but also restraining and stifling its potential.

Innovation and competition have elevated the gaming industry`s offerings and drive more inclusivity among a broader range of audiences, contributing substantially to the economy.

In the 2017/2018 fiscal year alone, the industry contributed Tshs.3.4 trillion ($1.4 billion) to the national economy which is an equivalent of over 3 per cent of the Gross Domestic Product (GDP), official data from the Tanzania Gaming Board (TGB) indicates.

The Tanzania Sports Betting Association (TSBA) statement issued last week stated that taxing cash prize winners is not only hurting the impressive growth, but also restraining the industry`s considerable potential.

The association further stated that despite the industry`s massive contribution, there are concerns over the government`s approach of taxing sports betting which is hurting and inhibiting the industry`s massive potential for growth.…