TANZANIA Tanzania – Govt bet on gaming sector yields surprising windfall 8 months ago Iwo Bulski Post Views: 571 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. 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 BETTING TANZANIA BtoBet partners with principal retail casino in Tanzania 2 hours ago Iwo Bulski BETTING TANZANIA Resumption of Tanzanian Football Premier League 2 days ago Peter Situma BETTING TANZANIA Is Tanzania’s Sports Betting industry worth the cost? 3 days ago Szarlot BETTING TANZANIA President’s plan for Tanzanian sporting activities to resume 2 weeks ago Iwo Bulski BETTING TANZANIA Sportsbook operators call for tax waver 3 weeks ago Adeleye Awakan BETTING TANZANIA TVBET Enters African Market Through PMbet Partnership 2 months ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published.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. This site uses Akismet to reduce spam. Learn how your comment data is processed.