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“Generally a casino’s gross revenue will exceed prices by between 10 to 25 per cent relying on its measurement. In our case it’s at greatest 22 per cent,” Mr Dunford wrote in the letter. More casinos are considering shutting down, based on Association of Gaming Operators Kenya chairperson Ronald Karauri. Industry insiders said the economics of the enterprise might not permit them to shoulder the additional tax burden, forcing them to close up store. However, the lack of a download software for iOS and Android devices is a bit bitter.
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The case comes after months of pressure to reverse an order slashing playing hours which was at one time rescinded by former board chairman Lucas Maitha earlier than being restored by BCLB director Amos Kwasi. He added that ought to casinos close up store, the business will either go offshore or underground. Gross annual turnover of casinos in Kenya stands at an estimated $20 million , in accordance with a report by advisory agency PricewaterhouseCoopers . Golden Key has annual gross income of roughly Sh200 million on which it used to pay a gaming tax of Sh24 million under the previous tax fee of 12 per cent of the turnover.
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