GAMING FOR AFRICA
Gaming For Africa
Casino International’s Africa partner is the excellent Gaming For Africa magazine, bringing you the continent’s latest developments
PalaceBet.co.za Launches Online Slots
Peermont’s
PalaceBet.co.za, also home to the legendary Emperors Palace, has launched online slots as part of its online game offering. The initial 50 game Slots release is powered by Evolution and boasts games by NetEnt; a world-class edition to the Company’s existing library of live games which already includes popular titles like Crazy Time, Dreamcatcher, Deal or No Deal and Lightning Roulette. ‘We’re very
excited to have online Slots as part of our offering,’ says PalaceBet.
co.za General Manager Duncan Pollock. ‘As part of the Peermont family we’re always looking for ways to offer our customers bigger variety and with the addition of online Slots we now have a comprehensive product list that our existing and new players can take home with them.’ Available for play on all mobile devices, as well as
an Android or Apple app, PalaceBet’s new library of slots will give players a discerning selection of
games consisting of state-of-the-art graphics and smooth gameplay ensuring a world-class gaming experience. Of the initial 50 game release players can look forward to titles including Starburst XXXtreme , Gonzo’s Quest, Jumanji, Gordon Ramsay Hell’s Kitchen, Fruit Shop, Twin Spin, Gorilla Kingdom, Piggy Riches, Wild Water, Blood Suckers and Narcos. Coming soon
PalaceBet.co.za will be bolstering their Slots offering with an additional Evolution bouquet of games from Red Tiger. ‘Granted, it’s early days, but the fact that
PalaceBet.co.za is now able to offer a full gaming experience inclusive of Live Table games, Slots, Sports Betting, as well as Game Shows is the start of what we trust will become a truly compelling online Peermont offering. That said, whether you’re an existing
Peermont player, or new to us, one thing is for sure – you’ll always get quality Peermont service, and an unprecedented gaming experience; and, if you’re a Winners Circle member you’ll earn Leisure Points when you play, points that you can then redeem at any one of our 12 land-based casinos, it’s a real win-win’ concludes Pollock.
Tanzania Joins
Kenya, Uganda Tax Squeeze on Winnings
Tanzania has introduced a gaming tax on winnings through casinos and sportsbetting, joining neighbouring Kenya and Uganda in tightening the squeeze on players. In changes to the Gaming Act, Tanzania said
levies of 12 per cent and 10 per cent are now applicable on the amount or value of all winnings in casinos and sports betting, respectively- joining its East Africa Community partners Kenya and Uganda, which have both already introducedpunitive taxes to discourage the addictive gambling. While these taxes seems misplaced and do not directly address problem gambling, the revenue authorities’ perceived altruism has been viewed by many industry pundits as a blatant grab on increasing revenue for tax coffers. “The licensee of gaming activity is required to
withhold gaming tax on winnings made and paid for. In this case, the licensee is the withholding agent who is required to remit the tax withheld on or before the seventh day of the month following the month of payment of the winnings; and submit a return or certifi cate of payment of tax withheld within 15 days after the end of each calendar month,” Tanzania’s Finance Act 2022 reads. Until this month, Tanzania only focused on the
taxation of revenue of betting fi rms through levies that ranged between 12 and 25 per cent. Its latest tax move means it is going after individual gamblers, hoping to discourage them through painful levies and also draw some revenue from the willing die-hard gamers. In Kenya, gamblers already pay a 20 per cent tax
on winnings that betting fi rms are required to withhold and remit to the Kenya Revenue Authority (KRA). . The levy on winnings by individuals is in addition to corporate income taxes levied on the gambling and gaming business. In Uganda, the tax on the value of gaming
winnings has been set at 15 per cent and withheld by gaming fi rms for subsequent remission to the revenue authorities. The move by Tanzania solidifi es a trend in which
EAC countries are cracking down on gambling addiction through punitive taxation and other regulatory measures.
26 SEPTEMBER 2022
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