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“Generally a casino’s gross revenue will exceed costs by between 10 to 25 per cent depending on its size. In our case it’s at best 22 per cent,” Mr Dunford wrote within the letter. More casinos are contemplating shutting down, in accordance with Association of Gaming Operators Kenya chairperson Ronald Karauri. Industry insiders said the economics of the enterprise might not permit them to shoulder the extra tax burden, forcing them to close up shop. However, the shortage of a obtain application for iOS and Android units is a bit bitter.
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The case comes after months of strain to reverse an order slashing playing hours which was at one time rescinded by former board chairman Lucas Maitha before being restored by BCLB director Amos Kwasi. He added that ought to casinos close up shop, the business will both 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 roughly Sh200 million on which it used to pay a gaming tax of Sh24 million underneath the previous tax rate of 12 per cent of the turnover.
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December has been one wonderful month, and we are very grateful to have had your assist this far, and commit to delivering an exemplary expertise as we continue to develop. Those in Nairobi were required to function between 10am and 4am. Operators who are already going through lowered enterprise because of falling tourist numbers say the move will destroy their companies.
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