TANZANIA Tanzania – Govt bet on gaming sector yields surprising windfall 3 years ago Iwo Bulski Post Views: 1,164 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 Betting firm employs 142 Tanzanian youths 15 mins ago Szarlot BETTING TANZANIA Parimatch Tech becomes GR8 Tech 26 mins ago Samuel EXPERTS TANZANIA Mobile Betting – How Popular is it in Africa? 37 mins ago Szarlot EXPERTS TANZANIA Which way betting? The big debate 2 months ago Samuel BETTING TANZANIA 10Bet Continues Expansion in Africa 2 months ago Samuel EXPERTS TANZANIA Tanzania: Which way betting? The big debate 2 months ago Samuel GAMES ONLINE TANZANIA Pragmatic Play embarks on an ancient quest in SWORD OF ARES™ 3 months ago Samuel BETTING TANZANIA ESA Gaming debuts in Africa in landmark deal with 888AFRICA 3 months ago Szarlot CASINO HOT NEWS TANZANIA Gauselmann helps young Tanzanian entrepreneurs 4 months ago Szarlot ONLINE TANZANIA Vodafone invests $15m to help curb maternal mortality in Africa 4 months ago Szarlot EXPERTS TANZANIA Why Vodacom mobile money users shun it 5 months ago Samuel CASINO TANZANIA How Can The Gaming Sector Contribute Positively To The Society In Tanzania? 5 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.