BETTING NIGERIA NIgeria – Sports Betting Platforms Wants 3-year Tax Holiday 4 years ago Iwo Bulski Post Views: 1,263 Operators of sports betting firms in the Nigerian gaming industry have called on the government for a three-year tax holiday or a 50 per cent tax cut due to the losses they have suffered during the coronavirus pandemic. The operators revealed this in a virtual meeting with the Director-General of National Lottery Regulatory Commission, Lanre Gbajabiamila, on Saturday. Narrating their challenges, several of the operators expressed frustration with the lockdown imposed by the government, claiming it had adversely affected their business, thereby reducing their projected revenue. “The operators therefore came to the unanimous consensus; asking that they be granted a three years tax holiday or at least reduce their taxes by 50 per cent. They also urged government not to introduce new taxes during this pandemic period,” – a statement by the commission read. In his response, Gbajabiamila said the Federal Government would ensure the sports betting sub sector of the Nigerian gaming industry does not suffer any undue setbacks during the pandemic. However, the operators further urged the NLRC to approach the issue of remote gaming with utmost seriousness. Stating that it was wrong to allow foreign betting companies to continue to poach businesses from Nigerian gaming space without being regulated or making any returns to the Nigerian government, unlike the case of local gaming operators. “As your regulator, we feel obliged to touch base with you, find out the challenges you are facing in your business and see how we can continue to work together, despite the difficulties occasioned by this ugly pandemic. Let me assure everyone that government will do the best it can to protect every business within the industry, we cannot fold our arms and watch our industry with the huge investment therein go down the drain. I am optimistic that the Federal Government will not hesitate to give necessary approval for any form of palliative that will ensure your business remains viable because ours is a very peculiar industry which if properly harnessed would adequately shore up the much-needed revenue for government.” The NLRC boss said the meeting became pertinent, not only to ensure close contact with the operators, but also to review their operational challenges in the face of the pandemic and the lockdown. Source: thenigerianvoice.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Nigeria, reduce tax, sports betting Continue Reading Previous Egyptian Premier League to return in mid-June, PM saysNext SportPesa plans return but have Kenyans already turned elsewhere? More Stories BETTING NIGERIA No Plan To Ban Sports Betting In Nigeria — Lawmaker 2 days ago Samuel EXPERTS NIGERIA Don’t miss the Africa Gaming Expo Conference 2024! 2 days ago Samuel BETTING WORLD NEWS Sports betting regulations and licensing around the world 2 days ago Szarlot BETTING NIGERIA BetKing’s 6th Anniversary Marked by Epic Football Showcase 2 days ago Samuel ANGOLA BETTING Exploring the vibrant tapestry of sports betting in Angola 3 days ago Samuel BETTING UGANDA Fortebet Uganda: Revolutionizing the Betting Experience 3 days ago Szarlot BETTING KENYA Betting Regulator Enforces Court Order Against Speed Dial Feature On Internet Browsers 4 days ago Samuel BETTING GHANA Sports betting operators support communities affected by dam spillage 4 days ago Samuel BETTING SOUTH AFRICA Understanding Correct Score Betting Meaning 4 days ago Szarlot BETTING NIGERIA The Rising Contribution of Online Betting to Nigeria’s GDP 7 days ago Samuel EXPERTS NIGERIA Joining us as a speaker at AGE Lagos is Olajide Boladuro 7 days ago Samuel BETTING UGANDA African Football Betting’s Prospects for the Future 1 week ago Szarlot 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.