10,000 Jobs In Danger As 35 Per Cent Tax Hits Casinos
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The case comes after months of pressure to reverse an order slashing gambling hours which was at one time rescinded by former board chairman Lucas Maitha earlier than being restored by BCLB director Amos Kwasi. He added that should casinos shut up store, the enterprise will either go offshore or underground. Gross annual turnover of casinos in Kenya stands at an estimated $20 million , according to a report by advisory firm PricewaterhouseCoopers . Golden Key has annual gross income of approximately Sh200 million on which it used to pay a gaming tax of Sh24 million underneath the previous tax fee of 12 per cent of the turnover.
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