Gambling sector poised to contribute over Ksh.40 billion in taxes, regulator says
The Gambling Regulatory Authority projects the sector will contribute over Ksh.40 billion in taxes this year, while introducing new regulations to curb addiction and money laundering.Summary
The Gambling Regulatory Authority (GRA) projects that the gambling sector will contribute over 40 billion shillings to the Kenyan government in taxes for the current financial year. Director General Peter Karimi attributes this growth to the consistency of tax heads, which has enabled year-on-year revenue increases. At the Third Gaming Tech Summit Africa, the GRA announced new regulations aimed at taming gambling addiction and preventing money laundering. These measures include requiring operators to implement forced cooling-off periods for certain players and tracking playing patterns through a centralized system overseen by the regulator. The regulator will also publish all licenses on its website to help Kenyans identify legal platforms. Stakeholders at the summit emphasized the need for adaptive policies to keep pace with rapid technological innovation in the industry.
(Source：Citizen Digital)