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The case comes after months of stress to reverse an order slashing gambling hours which was at one time rescinded by former board chairman Lucas Maitha earlier than being restored by BCLB director Amos Kwasi.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 should casinos close up store, the enterprise will both 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 revenue of approximately Sh200 million on which it used to pay a gaming tax of Sh24 million beneath the earlier tax rate of 12 per cent of the turnover.
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“Generally a casino’s gross earnings will exceed prices by between 10 to 25 per cent relying on its measurement. In our case it is at best 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 could not enable them to shoulder the additional tax burden, forcing them to shut up shop. However, the dearth of a download application for iOS and Android units is a bit bitter.
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