The Uganda National Gaming Board, a body that was set up by government to oversee gaming activities in the country, has revealed that they are targeting over 50 billion shillings in form of taxes by 2020.
In the concluded financial year, over 35 billion Uganda shillings were collected countrywide.
This amount was collected in form of taxes from the gaming sector.
Speaking at on Wednesday morning at Uganda Media Centre in Kampala, the body’s Chief Executive Officer (CEO), Edgar Agaba noted:
“We collected approximately 37 billion shillings in the financial year 2016-2017 in form of taxes and our target is to collect over 40 billion this year.
“If certain measures are put in place by the Central Monitoring system, by 2020, we should be collecting over 50 billion.”
He urged the sector to pay their taxes promptly so as their work run smoothly as expected.
Agaba added: “It’s us who collect this money and we take all of it to Uganda Revenue Authority.”
He also requested the Ministry of Finance to provide them with operation funds to fulfill their workloads which sees them monitor about 1200 gaming shops across the country.
National Gaming Board performance highlights in 2017
The body had 40 companies licensed.
A total number of 182 illegal and non-compliant branches were closed.
25 illegal online companies’ operations were stopped and over 2500 illegal machines impounded and destroyed.
Expectations for this Year 2018
It was revealed that online and local content regulations drafted to be operationalised by end of March this year.
Illegal slot machines are going to be impounded.
An international company is going to be hired that will test the machines.
On this year’s plans, Agaba explained:
“We are in initial stages but we are trying to move a bit faster because in the future, we want to professionalise this industry. We also want to work with the National Council for Higher education to ensure that all the workers in the gaming sector conform to the standards.”
It should be noted that the National Gaming Board Uganda under section 4 of the Lotteries and Gaming Act, 2016 is mandated to issue licenses for Lotteries, Casinos, Gaming and Betting in Uganda. The mandate includes licensing, supervision, enforcement and dispute resolution.