TANZANIA Tanzania – Govt bet on gaming sector yields surprising windfall 4 years ago Iwo Bulski Post Views: 1,237 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 BETTING TANZANIA Exploring the thrills of sports betting in Tanzania 1 week ago Szarlot BETTING TANZANIA How youths can get out as industry grows 2 weeks ago Samuel ONLINE TANZANIA Uncovering the untapped potential of the African iGaming market 1 month ago Samuel BETTING TANZANIA The Greatest Football Stadiums in Tanzania 2 months ago Samuel EXPERTS TANZANIA Betting In Africa: A Growing Industry With Lucrative Opportunities 5 months ago Szarlot EXPERTS TANZANIA Tanzania’s gambling tax rates are 25 percent of gross gaming revenue 6 months ago Szarlot BETTING TANZANIA Betting firm employs 142 Tanzanian youths 8 months ago Szarlot BETTING TANZANIA Parimatch Tech becomes GR8 Tech 8 months ago Samuel EXPERTS HOT NEWS TANZANIA Mobile Betting – How Popular is it in Africa? 8 months ago Szarlot EXPERTS TANZANIA Which way betting? The big debate 10 months ago Samuel BETTING TANZANIA 10Bet Continues Expansion in Africa 10 months ago Samuel EXPERTS TANZANIA Tanzania: Which way betting? The big debate 10 months 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.