TANZANIA Tanzania – Govt bet on gaming sector yields surprising windfall 3 years ago Iwo Bulski Post Views: 1,102 The Gaming Board of Tanzania (GBT), the regulator for sports gaming, has projected a rapid growth from which the Tanzania Revenue Authority (TRA) could harvest Sh39 billion up from Sh33.6 billion collected in the last financial year. The acting director general of GBT, Mr James Mbalwe, told The Citizen last week that the number of gaming companies had increased from five in past three years to 26, hailing such a trend as a huge growth. “We are optimistic of increased revenues as currently there are four foreign and local companies that have shown interest in Tanzania. All the processes have already been completed with only a few issues remaining to be ironed out. We’re optimistic that in the next year they will beging their operations” – he said. Investors are now more interested in sports gaming than casinos due to online betting that has brought services closer to the player, he said, adding that in the last financial year revenues from sports betting hit Sh7.8 billion. Once a leader in the gaming sector, casinos brought in a paltry Sh400 million. However, Mr Mbalwe was quick to add that casino gaming was also doing well in the market in spite of the rapid growth in sports betting. 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: Gaming Board of Tanzania, Tanzania Continue Reading Previous EAC Countries Mint Money Through Gaming SectorNext Impact of gambling in Tanzania and Morocco More Stories EXPERTS TANZANIA One Week To Go Until the Gaming Industry Unites in Tanzania – SBEA+ 2022 2 months ago Iwo Bulski EXPERTS TANZANIA Only 2 weeks for SBEA+ in Tanzania 2 months ago Iwo Bulski EXPERTS TANZANIA Eventus to Welcome Gaming Leaders in Tanzania – Three Weeks Until SBEA+ 2 months ago Iwo Bulski EXPERTS TANZANIA 7th Annual Sports Betting East Africa+ Summit 3 months ago Szarlot EXPERTS TANZANIA Gaming Market Statistics in Tanzania 4 months ago Szarlot ONLINE TANZANIA Why offline casino operators go online 5 months ago Iwo Bulski BETTING HOT NEWS TANZANIA 10bet Africa Expansion Keeps Growing 5 months ago Adeleye Awakan BETTING TANZANIA Simba and Arsenal wins Sh176.5m of M-BET 5 months ago Szarlot BETTING TANZANIA Betting firm to renovate five sports ground 6 months ago Samuel EXPERTS HOT NEWS TANZANIA Tanzania Launch Instant Payment System 7 months ago Adeleye Awakan EXPERTS TANZANIA The Most Convenient Ways to Make a Deposit in Online Casinos 7 months ago Szarlot EXPERTS TANZANIA Gaming Act Amendment Lowers Casino Taxes 8 months ago Iwo Bulski 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.