EXPERTS NAMIBIA Namibia: Cash-Strapped Govt Eyes Gambling Riches 7 months ago Szarlot Post Views: 350 The government has launched a renewed effort to establish a national lottery to generate funds for various social welfare programmes. This was confirmed by the minister of environment, forestry and tourism, Pohamba Shifeta, who says the government also wants to regulate the lottery and gambling industry, which is estimated to involve more than 20 000 illegal slot machines. The idea of a state lottery has been on the government’s books as long ago as 1994, when it was first approved by the Cabinet. However, the lottery law was only passed by the parliament in 2017. To implement this law – called the Lotteries Act of 2017 – Shifeta’s ministry appointed a six-member board last year, which will be responsible for the issuing of lottery licences and for establishing the State Lottery Trust Fund. This board is headed by Micheal Mutonga as chairperson, and is deputised by Tabitha Mbome. Other members of the board are Herlinde Alcock, Charlotte Kapose, Wycliff Shillifa, and Immanuel Hanabeb. Shifeta this week told The Namibian the law provides for the government to operate a national lottery to generate funds for the state. “They can operate the state lottery themselves, or they can outsource the operation if there is a need. The lottery would be a new revenue stream for the government. All lotteries already in operation will be regulated and they will be given time to register,” – he said. According to the law, proceeds from the national lottery would be channelled to various government activities, including funding educational and sport institutions. The minister said the government has also started with the strict implementation of the law regulating gambling activities in the country. A new board, called the Gambling Control Board, was established last year to oversee the gambling industry. It is led by Ben Shikongo as chairperson, and deputised by Toska Sem. Other members of the gambling board are Erastus Johannes, Josua Kaumbi, Sandra Owoses, Amanda Heydenreich, and Uerijeta Kauaria. Shifeta said under the gambling law, all gambling establishments and slots will be required to be registered. He said once the alot machines are registered, they will be connected to a central monitoring system which will monitor all significant events associated with gambling machines. This system will also help the government to determine the amount of tax to be paid by operators on slot machines. Source: allafrica.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Gambling Control Board, Lotteries Act, Namibia Continue Reading Previous Africa Is A Global Pioneer For Bitcoin AdoptionNext Young South Africans gamble with their lives in miserable web of online betting More Stories EXPERTS SOUTH AFRICA BMM South Africa gets licensed to provide compliance testing services in Tanzania 3 days ago Iwo Bulski EXPERTS WORLD NEWS WhatsApp allows people to sneak out of group chats 3 days ago Samuel EXPERTS SOUTH AFRICA GLI Africa expands service offering 3 days ago Samuel EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 4 days ago Szarlot EXPERTS WORLD NEWS Answers to the iGaming industry’s most pressing questions 5 days ago Samuel EXPERTS SOUTH AFRICA Illegal slots seized, destroyed in raids 5 days ago Iwo Bulski EXPERTS NIGERIA SBWA + 2022 Summit this week in Nigeria 2 weeks ago Iwo Bulski EXPERTS NIGERIA Money laundering: ECOWAS agency fingers Nigerian casinos 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 2 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel EXPERTS WORLD NEWS Slotegrator reviews the worldwide trend of gambling legalization 3 weeks ago Iwo Bulski EXPERTS GHANA Betting is destroying Ghana football 3 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.