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“We are requesting the CS to contemplate reopening our companies to enable us earn a living,” He says. The sector has employed greater than 10,000 individuals and supporting the livelihood of about 30,000 people. The battle started in February when the board issued new guidelines which require casinos on the coast to open and shut their businesses at 11am and 5am. The gaming industry’s row with the overseer relating to restricted working hours has ended up in the High Court as one of the gamers seeks to check the powers of the Betting Control and Licensing Board .
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The flat taxation treats the businesses the identical despite their totally different fashions and value constructions, which the previous tax regime seems to have taken under consideration. Pambazuka National Lottery, for example, final month suspended its operations and its affiliate sports betting firm SportPesa cancelled its Sh600 million annual funding to numerous sports activities organisations. We simply don’t see how we will probably survive a tax of 35 per cent on gross revenue.
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